If you’ve been wondering whether or not you can actually make 2,000 EUR by installing an app, our PitRex review will reveal it all. We’ll elaborate on this company’s legal status, find out if the owner is regulated, and much more.

And, of course, if you’ve been scammed by the said firm, we will provide a guidance on how to get the money back.

Is PitRex Legit?

PitRex is allegedly a brand of Pitrex LLC, registered in Washington, USA. However, if you search the company register in WA, you’ll find no such firm. Therefore, their certificate of incorporation is definitely false.

What’s more, the firm claims to have been operating since 2016. And yet, their main domain, pitrex.pro, was registered in April 2024. The other site, used for PitRex account login, pitsp.com, was indeed registered in 2016, but the owner was changed and renewed in January 2024.

In addition to all of this, PitRex investment firm is not authorized to provide financial services. They cannot be found in the registers of the US CFTC, NFA, or any other register in the world.

Who Are the Victims of PitRex Scam?

According to the PitRex reviews and our own traffic analysis, the majority of fraud victims come from:

• Turkiye,
• Croatia,
• United States,
• Israel,
• Germany.

Whether you come from any of these or any other country, ensure you leave a comment below. It will help others to avoid being scammed, and we’ll be able to complete our report on the brokerage.

Trader Reviews – What Investors Have to Say?

In order to establish whether or not clients are satisfied with the investment services, we turned to reviews. There’s an interesting PitRex Reddit thread where clients inquire if they can actually make 2,000 EUR by installing the app, as the firm claims.

Of course, responses suggest this is nothing but a scheme. They point out a lack of a genuine address, a fake incorporation certificate, and the fact that nobody will give money for free.

PitRex Trading Platform

On its website, PitRex broker claims to utilize the latest technology for quantitative trading strategies. While this may sound impressive, it’s all a lie. Namely, the only software you can use for this allegedly sophisticated trading and digital asset management is WebTrader. As you may already know, web-based solutions are not even close to what you’d get with real professional platforms such as MetaTrader or cTrader.

In addition, there’s a PitRex app that you can only download by scanning a suspicious QR code. When the app is not found in AppStore or PlayStore, there’s probably a good reason for it.

Available Trading Assets

Once you pass the PitRex login procedure and get access to the dashboard, you’ll only find cryptocurrencies. The brokerage brags about its industry-specific insights, special tools and strategies, and quantitative analysis. All those big words that mean nothing. You’ll be limited to only one asset with an unregulated scheme.

Leverage, Commissions, and Spreads

Sadly, we found no information regarding commissions, spreads, or leverage. The company made sure to fill its website with alleged partnerships with companies such as IBM and Deloitte but failed to provide its clients with anything relevant.

Legal documents are disastrous, created with an AI, and someone forgot to insert appropriate words, so you can see that the courts in charge are in [Your Jurisdicion]. Therefore, no surprises that we found nothing about fees and commissions.

Affiliate Commissions

If you want to bring your friends and family to join this anonymous firm, you can earn a commission for it. There are 3 PitRex affiliate levels, ranging from 3% to 20% for personally recruited affiliates. However, we believe you already understand that nobody should engage with an unlicensed crypto business.

Customer Support

Suppose you’re experiencing an issue, PitRex company won’t be keen to help. The only contact method is a web form, which you can fill out and then wait for a response. This is quite an unserious way to run a business, but we didn’t expect anything better by now.

Deposit and Withdrawal Methods

When it comes to PitRex minimum deposit, it remains unknown. Clients are required to transfer funds via USDT, as this is the main investment asset. However, we don’t know if you’ll pay any commissions and how you can transfer the crypto.

The same can be said about PitRex withdrawals. The company doesn’t mention payouts in their legal documents and there’s nothing about methods or fees on their website.

Key Information to Consider About PitRex

Now that we’ve established all the facts, we believe you already know that getting your money back from this firm is nearly impossible. If you have any trouble, you should first report them to your local authorities. They might be able to assist and recover your funds.

In addition, you can sign up with our recovery specialists for a free consultation. We will evaluate your case and help you find the best way to get a refund. Don’t hesitate to contact us now and tell us your story!

FAQ Section

What is PitRex?

PitRex is an unregulated crypto brokerage allegedly based in the US.

Is PitRex Legit?

PitRex is an unregulated crypto trading firm promising clients money for installing an app.

Where is PitRex Located?

According to their fake incorporation certificate, the firm is located in Washington, USA.