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Fitrex -

Score

1.46 /10
Danger

Fitrex

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

High potential risk

https://fitrex.eu

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Comparison

Expose

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.62

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

IE CBI
2022-02-23
Central Bank of Ireland Issues Warning on Unauthorised Firm – Irkasio Systems OU T/A Fitrex
Fitrex

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Fitrex · Company summary

General Information & Regulation

Fitrex claims to be an award-winning, international trader offering investors thousands of assets to trade, including Forex currency pairs, CFDs on stocks, energy commodities. However, it should be noted that Fitrex itself is not regulated and was blacklisted by the Financial Conduct Authority in January 2021.

Market Instruments

Fitrex claims to offer investors thousands of trading assets, including mainly Forex currency pairs, indices, stocks, energy, commodities, futures, and cryptocurrency CFD products.

Minimum Deposit

Fitrex has three different types of trading accounts: Standard (minimum deposit of $250), Premium (minimum deposit of $2,500), and VIP (minimum deposit of $35,000).

Leverage

When it comes to trading leverage, Fitrex doesn't make this part clear. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissons

Fitrex doesn't provide any spreads and commissions related information, making its trading fees quite vogue for all traders.

Trading Platforms

Fitrex claims to offer investors a feature-rich web-based trading platform and an Exchange Traded Fund (ETF) platform, rather than the most popular MT4 or state-of-the-art MT5 trading platforms on the market today. A stable, fair, and transparent trading platform is the most important part of the trading activity, which proves from the side that Fitrex is an unorthodox broker.

Deposit & Withdrawal

Fitrex claims that it only supports traders to deposit and withdraw funds from their investment accounts via VISA, MasterCard, wire transfer, and Klarna.

Fitrex Pros & Cons

Fitrex Disadvantages Include:

1. Unregulated & blacklisted by the FCA

2. High initial deposit requirements

3. Non-MT4/MT5 trading platform

4. Not providing spreads, commissions, and other fees

5. No leverage information

6. Fewer options to deposit and withdraw funds

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