The first thing traders realize about this exchange is that it boasts about numbers, such as daily trading volume, number of users, number of employees, etc. Yet, all these numbers can be quickly exposed as fake.  

On the other hand, if you read this Rommode review carefully, you will realize why they do so. In addition, we advise you not to skip our analysis of Axi Financial and Expo Trust companies.

Legal Info: Is Rommode Legit Or A Scam?

If the Rommode company was legitimate, they would first offer transparent legal and registration details. Yet, they don’t. Nevertheless, with or without them, you can easily check if the company operates with adequate licenses. Considering the countries they target, those should be SEC, FSCA, and BaFin. But of course, they are not authorized by any of these.

Consequently, none of the funds deposited with them can be protected in any way possible. This is quite frustrating with crypto trading platforms.

Who Are Rommode’s Victims?

Even though there are only a few Rommode reviews, it’s easy to find what their target countries are. Simply run website analytics, and voila, you got it. Based on those, it seems that since 2019, the Rommode platform was targeting mainly: 

• United States
• Brazil
• South Africa
• Germany

With this in mind, we would strongly advise you to talk to local regulators about this company. They will also tell you not to trust them. Meanwhile, you can start the refund process with our expert assistance.

Traders Reviews

The experience of other traders is usually a good sign of what to expect from a company. In the case of the Rommode exchange, you can only find scam warning signs. In this case, those opinions can only be found on the Reddit platform.

Based on everything we read, if you have funds stuck with this crypto trading platform, request a withdrawal immediately. If they make excuses, contact us for refund advice.

Trading Costs With Rommode Exchange

Even though the Rommode crypto exchange presents us with a wide range of benefits, they don’t reveal any details about the costs. So, what else to expect but to get manipulated? 

Fairly, if you don’t know the fees, you can’t be sure if there will be anything left to withdraw in the end. That’s why trading with top-tier licensed firms is a whole new game.

         Bonuses

On the positive side, the company doesn’t offer any bonuses for new users, even though such offers are a good way to boost some tokens. But why we say it’s positive is simply because of malicious clauses bonuses usually include. Note that this usually applies only to unregulated firms.

Rommode Trading Features

As can be seen, the Rommode app apparently implemented a few important features in 2024. These include trading bots, social, and copy trading. 

In general, these features would be more than attractive. However, without adequate licenses, you can only expect manipulation around those.

         Trading Platforms Available

Another reason to believe in manipulation potential is that only a web-based trading platform is offered. With proprietary platforms, it’s quite easy to control everything traders see through the back end. You can get into a margin call in a few clicks without even realizing how.

         Available Trading Assets

Even before using the Rommode login credentials, you can see that the company’s offer is quite poor. With only a bit over 20 crypto pairs available, you’ll have quite limited profit potential. 

Anyway, the options are: 

• ETH/USDT
• DTM/USDT
• DOGE/USDT and a few others.

         Account Types

Exchanges usually require minimum deposits of as low as $10. However, to motivate traders to deposit more money, companies tend to offer various benefits. However, with this company, there are none—or at least they don’t want us to know about them. Therefore, be careful.

         Mobile Trading App

A leading cause of manipulation is untrusted software. That’s why companies like this one don’t usually get their apps listed in PlayStore or AppStore. And of course, with Rommode company these are missing completely.

         Demo Account

To discover if Rommode is legit you’ll have to either trust other traders or test them out. For testing purposes, we don’t expect a demo account if they don’t offer leveraged trading. So, the only option is to deposit money or choose another firm.

         Education

One of the leading issues traders have is about recognizing crypto scams. But that comes from poor education about them. 

Of course, when you see a company like Rommode, they won’t offer any educational programs. After all, they want to keep their users financially illiterate for as long as possible.

Rommode Withdrawal

Even though the Rommode swap and crypto exchange platform presents itself as trusted, without regulations, you can’t expect clean withdrawals. 

On top of that, the company doesn’t reveal any details about the withdrawal process, processing time, or fees. And that’s a huge red flag that should keep you away from them.

Customer Support

One of the critical features in the trading world nowadays is customer support. That’s where legitimate and scam firms are very different. The perfect example is the Rommode company, with only e-mail as the contact option.

Key Information To Consider About Rommode

Considering low transparency and a lot of misleading details, you shouldn’t trust any money to this company. Not to mention missing regulatory oversight and hidden trading costs. All in all, too many details to worry about.

Thus, if you get lured somehow into this trading trap, we offer you a way out. Find out the exact steps by booking a free consultation with our refund experts. Get in touch right away.

FAQ Section

What is Rommode?

Rommode is an anonymous crypto exchange offering highly speculative and suspicious trading features worldwide.

Is Rommode Legit?

No. Rommode exchange is not regulated by any top-tier authority. On top of that, they hide legal and contact information.

How to Withdraw Profits From My Rommode Exchange Account?

The only way to get money out is through the chargeback and refund process. For more details, reach our refund specialists.

One of the first details you notice about this exchange is its availability only in Turkish. Given the number of Turkish people in Turkey and Europe overall, it’s not surprising they narrowed their services.

However, that limits all other users. Logically, you always have other options, either better or worse. But what sets this company apart, and should you trust it with your crypto? Find out in our unbiased BitTurk review.

Legal Info: Is BitTurk Legit?

BitTurk is a centralized crypto exchange based in Istanbul, Turkiye. The ownership of this crypto platform belongs to BITTURK BİLİŞİM VE TİCARET A.Ş., founded in 2017. One of the names that stands out in founder details is Emin Budak.

One of the potential downsides of this exchange is a lack of regulatory oversight. Currently, Turkey has just filed a proposal for crypto regulation. Therefore, the company should obtain licenses from regulations in the countries where they operate. Sadly, BitTurk company hasn’t revealed any.

Who Are BitTurk’s Clients?

Based on a few BitTurk reviews, it’s clear the company’s features are only available to Turkish-speaking users. Surprisingly, not even the English version of the platform is available. Anyway, their services appear to be advertised mainly in: 

• Turkiye
• United States
• Germany

On the positive side, you can find numerous other options in those countries. However, if you don’t know which ones to avoid, we recommend you check our Ekzeo and SMM Limited reviews.

Trading Costs With BitTurk Exchange

As can be seen, trading commissions solely depend on a 30-day trading volume. It’s a very common way to motivate traders to exchange more cryptos. However, in return, you won’t get many benefits, to be fair. 

Anyway, the company has a fully transparent list of commissions for every crypto. Most of those sit around 0.10% for the maker and 0.15% for a taker. You can expect lower fees once your BitTurk crypto account reaches a 30-day trading volume of 63,000 units.

         Bonuses

Overall, crypto exchanges offer bonuses when promoting ICOs and proprietary tokens. With this crypto exchange, you can expect such offers regularly, especially when referring the company to other users. Yet, amounts and specific conditions are not transparently disclosed.

BitTurk Trading Features

Besides the well-rated BitTurk app, traders can also enjoy API features, cold storage security, and strict authorization methods. If you are looking for copy trading or social trading options, however, you’ll have to look elsewhere.

         Trading Platforms Available

Similar to many other exchanges, the account can be accessed via an app or directly from a browser. Of course, you’ll have to comply with the 2FA authorization feature to get started. 

The platform is quite simplified, offering quick buying and selling of crypto assets, even with Turkish Liras. Yet, analytical options are quite poor compared to other top-tier exchanges.

         Available Trading Assets

Quite surprisingly, the company only offers a bit over 60 cryptocurrencies. These are the most popular ones, so it’s clear anyone can find suitable investment options. Anyway, some of the options are: 

• Tron
• Mina
• Helium
• Venus
• Ellipsis and others.

         Account Types

BitTurk crypto exchange offers three different membership levels. Each level gives users more freedom to manage funds. However, it might also be a way to put a bit of pressure on those willing to trade. 

Sadly, subscription fees are only available after you complete the login process. After this, some traders might wonder if BitTurk is legit. Anyway, the only benefit of a subscription plan is a higher deposit and withdrawal limit.

         Mobile Trading App

If you check the company’s presentation, you will find that they advertise both iOS and Android apps. However, it appears that the PlayStore app has been removed since the link doesn’t work anymore. On the other hand, the iOS app works smoothly so far and has quite solid ratings.

         Demo Account

With quite simplified features, there’s literally no need for a demo account. If you are into testing out features, you’ll have to trade with real money.

         Education

Trading education makes a huge difference in determining if you’ll be profitable or not. This is especially true in a highly volatile crypto environment. Sadly, with BitTurk company, you don’t have educational treatment.

BitTurk Withdrawal

The BitTurk withdrawal process should be quite simple. You just have to keep in mind the transparent withdrawal fees they have presented. For instance, 35 USDT in the ERC20 network, 10 DOGE,  0.0005 BTC, and 0.00625 ETH to name a few.

Also, bear in mind that your withdrawal limits come with different subscription plans.

Customer Support

When it comes to customer support, it appears to be quite poor. With only a chatbot and ticket form available, you’ll experience a hard time reaching out for solutions. Not to mention that traders reported support being available only in Turkish language. All in all, it is not the best option for the average crypto investor.

Key Information To Consider About BitTurk

Even though the BitTurk fees and features look attractive, traders must remember a few details. There is missing regulatory oversight in Germany, and it has no public presence. Therefore, it’s hard to determine if funds are safe there at all.

Anyway, we recommend you be careful. However, if any potential issues occur, you can always reach out to our experts for a refund consultation. After all, the first meeting is completely free.

FAQ Section

What is BitTurk?

BitTurk is a Turkish-based centralized and custodial crypto exchange established in Istanbul in 2017.

Is BitTurk Legit?

BitTurk exchange appeaars to be legit. Thus, without any reviews available and without licenses, there’s no guarantee you won’t have issues.

Who Owns BitTurk Exchange?

BitTurk exchange is owned by BITTURK BİLİŞİM VE TİCARET A.Ş. If you experience any irregularities with this firm, contact our chargeback team for consultation.

Many of our readers have asked, “Is Truvecta a scam?” Therefore, we’ve decided to investigate in detail.

Whether you’re interested in this brokerage or any similar, such as Vergo Strategy, we’re here for you. Keep on reading this unbiased Truvecta review to learn how to recognize financial swindlers.

Is Truvecta Legit?

According to Truvecta website, the owner of this brand is Branding Bubble Limited registered in Saint Kitts and Nevis. This Caribbean island has its own financial authority, FSRC. Therefore, it was our first stop to check for the Truvecta regulation.

As you can already guess, our search yielded no results. Just to be diligent, we turned to tier 1 registers such as FCA, ASIC, and BaFin. Once again, we found no license. Instead, we found a warning from the UK authorities issued in June 2024. According to it, Truvecta broker is not authorized to provide financial services in the country.

Now you have official proof that this broker is up to no good. In case you have issues withdrawing your money, let us know immediately.

Who Are the Victims of Truvecta Scam?

According to user reviews and our own website analysis, the majority of Truvecta victims come from:

• United Kingdom, 
• New Zealand,
• Canada.

As you already know, the company has no authorization to provide financial services even in its offshore country of registration. Therefore, ensure you avoid it.

Truvecta Reviews – What Users Have to Say?

We found the Truvecta Trustpilot page with a score of 3.8 and a great rating. At the time of writing, the company had 60 reviews, with dominant 5-star ones. Customer sentiment is quite mixed. While some praise the broker for the intuitive platform and quick withdrawals, others point out that these are fake comments. 

We’ve turned to the Truvecta Reddit thread for a bit more clarity. According to comments there, this brokerage promises a 6% daily return on investment. Hence, the reason why other Redditors declared it a fraud.

Trading Platforms Choice

To be fair, we cannot really say that there’s much of a choice when it comes to the Truvecta trading platform. The company only offers a basic WebTrader with charts imported from TradingView. There are no advanced features or EAs, despite the word “cutting-edge” being repeated a lot throughout the presentation. 

In addition, the Truvecta app for mobile devices doesn’t exist. The company mentions the so-called Mobtrader, but once you click on it, you’re redirected to a web version of the software. Disappointing and not worth your money.

Leverage, Fees, and Spreads

As with any other offshore broker, the leverage exceeds the European limits. In the EEA zone, ESMA has imposed a cap of 1:30 for retail traders. Meanwhile, Truvecta offers 1:100 to 1:500, depending on the account type.

Spreads can be fixed or floating, again depending on the account choice. The minimum spread is not disclosed, and you cannot see it before registering for Truvecta login details.

Finally, there are plenty of other fees and costs within the Terms and Conditions. Namely, the company claims you need to settle VAT or other tax obligations with them at their request. Further, you will be charged an administration fee of 30 EUR in case you do not complete identity verification within 15 days of opening an account. 

In addition, there may be fees or commissions from counterparts that are not specified. And in case your account is inactive for over 30 days, you’ll be charged a dormant fee of 85 EUR per month. In case your account is inactive for over 6 months, the fee increases to 99 EUR per month until your account is on zero, when it will be closed.

Truvecta Account Types

If you’re still keen to register an account, you can choose among 5 options:

• Basic – $5,000
• Standard – $25,000
• Pro – $100,000
• Gold – $250,000
• Exclusive – $1,000,000

If you’re worried that you won’t have enough cash, it’s fine. This broker allows you to start with as low as $250, just to keep you in the loop. Then, after you see a bit of profit, which they can create artificially with their WebTrader, you’ll be asked to upgrade.

But what can you get for 1 million USD? The short answer is nothing. Spreads are fixed and floating, the leverage is 1:500, and the only thing that differs from other accounts is a maximum trading size of 100 lots. Let’s just say it’s not worth your while.

Demo Account

Another benefit you won’t get with Truvecta broker is a demo account. Instead, you’ll be forced to invest right away. And when you already do, you’ll be constantly pressured for more.

Educational Materials

As expected from a fraudulent firm, this one offers no educational materials. Their goal is to keep you uneducated so their alleged financial advisors can provide you with advice. Of course, the one that will benefit only the company, not you.

Truvecta Withdrawal

Withdrawals are another interesting part of the company’s legal documents. According to their T&C, they reserve the right to refuse your withdrawal request if they deem the documentation unsatisfactory. They can also delay your request, change the payment method, or reverse the withdrawal and re-deposit the money to your trading account in certain situations.

As for the methods, they have not been specified. All we know is that your withdrawal will incur banking charges, outward transfer commissions, and additional out-of-pocket expenses. Good luck having anything to withdraw in the end.

Key Things to Consider About Truvecta Broker

The first and only thing you should consider about this illicit financial services provider is the warning from the UK authorities. Then, you should consider a lack of a trusted platform, high costs, unspecified charges, and more.

All in all, it seems as you will have nothing to withdraw. But if you do and you cannot get your money from the broker, let us know. Our chargeback experts will evaluate your case and find the best way to assist. Contact us immediately or leave a comment below.

FAQ Section

What is Truvecta?

Truvecta is an unregulated offshore brokerage located in Saint Kitts and Nevis.

Is Truvecta Legit?

Truvecta has no license to provide financial services and has been marked a scam by UK authorities.

How Can I Get a Withdrawal From Truvecta Account?

You can try submitting a withdrawal request through your account. If you don’t get your money in due time, contact our chargeback experts for help.

Nowadays, there are plenty of brokers claiming to have all the necessary licenses and that you can trust them with your funds. However, this is rarely true.

If you are considering to start trading, make sure to read this Fargo Consulting review first. It will help you understand how to recognize actually legitimate brokers and how to avoid the ones lying about everything.

Is Fargo Consulting Legit or a Scam Broker?

While trying to imitate Wells Fargo, a well-known financial services provider, the Fargo Consulting broker is nothing but a fraud. The company claims to have been licensed by CySEC, FSA, FSCA, and FSC. 

However, they also claim that the company has been registered in the UK, and English courts are responsible for any disputes. That would also imply that they have been regulated by the domestic authority, FCA. Once we searched the register for Fargo Consulting Ltd, we found a warning. According to it, the brokerage is providing or promoting financial services or products without the FCA’s permission.

On top of that, other alleged licenses are nowhere to be found. Therefore, we’ve confirmed that Fargo Consulting is an unregulated scam.

Who Are the Victims of the Fargo Consulting Scam?

Based on our website analysis and Fargo Consulting reviews from their users, the company is mainly targeting:

• United States,
• Canada,
• Germany,
• South Africa.

We’ve found a Trustpilot page dedicated to this broker with a score of 4.1 stars, rated great. However, if you check the most recent reviews, you will see Fargo Consulting complaints piling up. While all allegedly positive comments come from the UK, some even from users with identical names, the negative ones are from all over the globe and are describing experiences in detail.

Trading Platforms and Features

Fargo Consulting’s website describes its technology as “institutional grade, featuring advanced trading tools, customizable news and information, and comprehensive trade analysis.” However, the truth is a bit different.

Instead of offering sophisticated trading software, such as MetaTrader or cTrader, that actually allows access to all the mentioned tools, the company opted for WebTrader. It’s the most basic tool, and it has charts imported from TradingView. Of course, it doesn’t support many advanced features, let alone copy trading, that this broker proudly advertises.

In addition, there is no Fargo Consulting app. Therefore, both Android and iOS users will have to use their browsers for trading, which is far from advanced.

Trading Assets

Once you obtain Fargo Consulting login credentials, you can access the platform. There, you can find 5 main categories of trading instruments:

• Forex – EUR/USD, GBP/AUD, NOK/SEK
• Commodities – gold, silver, corn
• Indices – NASDAQ, FTSE100, CAC40
• Cryptocurrencies – BTC, ETH, XRP
• Shares – Amazon, Meta, IBM

Note that the FCA banned CFD crypto trading due to numerous scams. This is yet another proof that the firm is not authorized to trade in the UK or anywhere else.

Leverage, Spreads, and Fees

Leverage varies depending on the account type and ranges from 1:20 to 1:200. This is not unreasonable, assuming that the more you invest, the more professional you are. However, note that all European regulators have set a limit of 1:30 for retail traders due to high risks.

Spreads are floating, starting from 1.0 to 1.9 pips, depending on the account. However, this is just the lowest mark. We don’t want to know the highest spread since the example they gave their users mentions 20 pips.

Terms and Conditions mention plenty of fees, including conversion fees, rollover fees, deposit and withdrawal fees, and penalties for breaching contract terms.

Fargo Consulting Account Types

You can choose between 4 accounts:

• Cent – $250
• Zero – $500
• Pro – $5,000
• Premium – $10,000

Besides the minimum deposit, each higher account has higher leverage, lower spreads, and more trading instruments at your disposal. Additionally, only the last two allow trading with EAs.

Fargo Consulting Demo Account

This brokerage doesn’t allow its clients to trade on a demo account. Instead, you need to activate a live one right away and risk at least $250 with an unregulated brokerage. We advise against it.

Educational Materials

Allegedly, the company has a trading academy where users can learn about assets, bid and ask prices, spreads, day trading, and more. However, since the firm is not licensed, neither are their financial advisers. Do you want to learn how to trade from a boiler room agent? We don’t think so.

Fargo Consulting Withdrawal Procedure

To initiate a withdrawal, clients need to submit a request through their account dashboard. Once the request is approved, the company claims it will be processed using the same payment method you used for the deposit within one business day.

The minimum withdrawal amount is $20 for all methods except the wire transfer, which is $100. If you request a withdrawal of a lower sum, you will pay a $10 fee for all methods except the wire, which is $50.

Some of the available payment methods include:

• Wire transfer,
• Mastercard,
• UnionPay,
• Neteller,
• MoneyBookers.

However, after all the complaints we’ve seen, we highly doubt you will get your money back without a fight.

Key Information to Consider About Fargo Consulting

Fargo Consulting is an unregulated trading brokerage, with a warning from UK authorities. With this in mind, you should not invest with them. 

However, if you have already done so and you have issues withdrawing your funds, let us know. Our chargeback experts can look into your case and help you report it. Contact us today to book a free consultation.

FAQ Section

What is Fargo Consulting?

Fargo Consulting is an unregulated online trading brokerage with a warning from the FCA.

Is Fargo Consulting Legit?

Fargo Consulting is not legit, despite many alleged regulations. The UK FCA deemed it a trading fraud.

How to Withdraw Money From My Fargo Consulting Account?

You can try to submit a withdrawal request via the client dashboard. If you don’t get your money within one business day, contact our experts for assistance with recovery.

Get ready for a deep dive into the world of unregulated crypto trading portals that promise premium services, yet provide an unsafe trading environment. 

This BITStorage review focuses on protecting digital assets when investing with such firms. Therefore, expand your existing knowledge of safe investing and find out more about how to recover your assets in the worst-case scenario.

Where’s the BitStorage License?

Prior to promoting and selling crypto services, every company should obtain regulatory approval. The license is usually acquired by a jurisdictional supervisory body. The BITStorage exchange claims to operate out of Seychelles, yet hasn’t been certified by the FSA.

With all due respect, however, this financial authority is not as diligent as premier regulators, such as FCA, BaFin, and CySEC. So, even if an offshore body licensed the platform, that wouldn’t mean much when it comes to proper fund protection. This exchange can’t be considered safe to invest in without an operational license. Therefore, we advise you to choose another crypto portal with which to do business.

Social Media – Main Advertising Method

BITStorage crypto platform mostly uses social networks to market their services and further their agenda. By analyzing their profiles on major social apps, however, we easily determined that their following isn’t great. 

For example, if you take a look at Facebook, X, and Instagram, you’ll see that very few people are fans of the portal, despite the company’s claims about serving thousands of people globally. The majority of their clients come from:

• United States
• Canada
• United Kingdom
• South Korea

The company also uses encrypted channels, such as Telegram, to reach its targeted audience more easily and convince them to invest. Whatever might be promised to you in private is probably something far from the truth and actual trading possibilities of this portal, so tread carefully.

Not Even Nearly Enough Reviews

Only reviews for this company can be found on the BITStorage Trustpilot page. Unfortunately, there are only 7 of them at present. Therefore, no reliable conclusion could be formed regarding the clients’ feelings about the product. 

What we did find interesting was the even percentage of positive and negative opinions—43% of 5-star ratings and 43% of 1-star ratings. Clients who express their dissatisfaction with the portal’s functionality mainly complain about slow transactions, unresponsive support, and manipulation of the coin prices.

Clear on Incurring Fees

Information regarding the BITStorage fees can be found on their website. The company displays a cost schedule related to every coin available on their exchange.

Trading fees are set to 0.2% for every trading pair supported. On the other hand, deposit and withdrawal fees differ from one coin to another. While refill commission is mostly 0%, there are some coins that feature this kind of fee, like SOL and CUFFY. 

Withdrawal commissions, however, are fixed at 0.1% with 0.00015 BTC tax on Bitcoin payouts. 

Free Coins and Rewards

There’s always some kind of a campaign or a promotion going on at this site. Interested users can participate in quizzes and bug bounties and get rewarded for their knowledge and speed. Referral system is also active and it includes a 3-level-structure (10%, 7% and a 3% commission).

This is quite a common strategy used by cons, like Swapsimple, which motivates clients to invest more and spend more time on the platform. At the same time, these campaigns attract fresh blood, as fraudulent sites always need new victims.

Not a Breathtaking Deal

Besides a limited number of supported currencies and only a plain web trader, this portal offers nothing else to discuss. Nothing particularly attractive is provided, and the available features are of questionable functionality. The remainder of this review will provide more details.

Spot Trading on a Simplistic Solution

The default online trading solution on this site is a basic web trader. There isn’t a dedicated BITStorage app for mobile devices, and the rudimentary web terminal doesn’t perform exceptionally well. 

The chart itself has been borrowed from TradingView and there aren’t any advanced tools for a more detailed analysis. Judging by the looks of the interface, this is just a most commonly used, easily manipulated web solution just like in the case of Achievers World FX.

Poor Choice of Assets

Crypto pairs promoted on this site don’t differ much from what can be found on major exchanges. It’s important to mention some of the more popular ones available for spot trading:

• BTC/USDT, SOL/BTC, ETH/BTC
• ETH/USDT, LINK/ETH, XRP/ETH
• MAGA/USDT, BNB/USDT, MATIC/USDT
• TRX/USDT, TRX/ETH

Profile Creation

The procedure of registering for a new BITStorage login is quite easy and only requires an email address and a unique password. Right after confirming your email, you are free to explore the platform’s features and access the full range of tools.

However, the site encourages users to perform a detailed KYC. Considering you’ll be sharing your private information with an unlawful firm, we advise you to skip this step and invest here in general.

Slow Payouts as Main Issue

It’s quite characteristic for illicit online trading firms and crypto portals to fail when it comes to cashing in profits. As the majority of BITStorage reviews suggest, transactions are not conducted in accordance with the AML measures and clients’ funds tend to vanish.

Besides delayed payments and slow monetary transfers, it may as well happen that your entire investment disappears. Therefore, contact a professional recovery service such as ours if you want to get your assets back.

Limited Support Options

Fraudsters are always chatty and available when you’re about to invest. They completely disappear when you show interest in withdrawing funds, though.

Besides the slow online chat, you can attempt to send an email, but we doubt you’ll get the timely response that you usually expect from a professional platform.

Hope for Recovery

Did the company refuse to process your payout or BITStorage staking rewards? Don’t wait a single day to ask for help. Our chargeback team and recovery professionals are at your disposal. 

Whether you’d like to simply share your experience with this company or if you need legal support in the recovery process – we have you covered. Contact our chat agents and book a free consultation!

FAQ Section

What is BITStorage?

BITStorage is an offshore exchange that operates without legal supervision.

Is BITStorage Legit?

Considering that the crypto provider we’ve reviewed offers unlicensed services, they can’t be considered legit.

Where is BITStorage Located?

The company is located in Seychelles. If you’re having issues with withdrawals or other aspects of investing, please contact us promptly.

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.

Whenever you want to invest your money, the first thing to ask yourself is if you can trust the broker. If not, you risk being scammed.

But what are the telltale signs of fraud? How can you be certain that the broker you chose is legitimate? We’ll answer all this and more in our detailed IronWave Capital review.

IronWave Capital Legal Information

IronWave Capital is a brand of Alpha International Markets Ltd, allegedly registered and regulated in Seychelles. However, once we checked the FSA register, we found no such firm. Additionally, the company provided us with the UK address in their legal documents.

This is why we’ve also searched through the databases of tier 1 regulators such as FCA, ASIC, and BaFin. Instead of approval, we found a warning against the IronWave Capital scam. The UK FCA issued a statement saying that this company “may be providing or promoting financial services or products without permission.” 

Based on this, we can conclude that the broker is not safe. If you have been involved with them, submit a withdrawal request immediately.

Who Are the Victims of IronWave Capital Fraud?

Since February 2024, when this brokerage registered its first domain, they have mainly been targeting Europe. Some of the primary targets are:

• Portugal,
• Netherlands,
• Spain,
• United Kingdom,
• China.

The same can be confirmed through IronWave Capital reviews on Trustpilot. The brokerage holds a score of 3.8 stars and replies to negative comments. A similar situation is on Reviews.io, where the company has 4.2 out of 5 stars, but their alleged address is in London, UK. This was debunked by the FCA warning.

Since the address is fake, there’s a high chance that the reviews are also fake. We’ll leave it to you to decide.

IronWave Capital Trading Platform

As is usually the case with fraudulent sites, IronWave Capital only provides one trading platform – WebTrader. While it promises users MT5, one of the most popular platforms out there, this firm fails to deliver. They offer the cheapest, most basic version of the software that has one purpose only. This is to convince you that some trading takes place at all.

Instead of trading, broker agents are manipulating your account from the back end. They can make it look as if you earned a lot or are at a large loss. All depending on their sales strategy and the amount of money they plan to take from you next.

Mobile Apps

While the website contains buttons that should redirect us to the IronWave Capital app on PlayStore and AppStore, none of them work. Simply put, there’s no app, and you’ll have to trade using the browser.

IronWave Capital Account Types

There’s no shortage of account options. You can choose between:

• Trial – 250 EUR
• Silver – 10,000 EUR
• Gold – 25,000 EUR
• Platinum – 50,000 EUR
• PremiumPremium – 100,000 EUR
• VIP – 250,000 EUR
• VVIP – 500,000 EUR
• Diamond – 1,000,000 EUR

While we’re quite confused with the names of some of the accounts, their purpose is pretty clear. To extort more money from you in exchange for fictive benefits, such as economic outlook, featured ideas, and web TV.

Leverage, Spreads, and Fees

The leverage is another confusing detail. In the Account Types section, the firm promotes leverage in accordance with the FCA license – 1:30 for retail clients and 1:400 for professionals. However, on their main page, they advertise 1:100 to 1:500 for all accounts.

Spreads vary based on the account type and range from 3.0 to 1.6 pips for the EUR/USD pair. If you know that the average is 1.5 pips, why would you pay these amounts to an unregulated scam?

Demo Account

Since the company doesn’t offer any third-party platforms, such as MT4 or cTrader, that usually come with a demo account, there’s no such account either. Instead of practicing risk-free, you’ll have to pay 250 EUR right away.

IronWave Capital Customer Support

If you wish to contact the brokerage, you can do so via their support email. However, we don’t think they’ll be too keen on replying, especially if you ask about withdrawals. 

In addition, you can try contacting them via social media accounts, such as Instagram and X. Once again, we don’t think you’ll receive a response unless you plan to invest with them.

Deposits and Withdrawals

While we know that the minimum deposit is 250 EUR, we have nothing to say about withdrawals. The legal documents are quite vague, stating that a customer can withdraw from the contract and must notify support via email and with a signed withdrawal form. The company has up to 14 days to refund you.

There is no information about payment methods, the procedure for submitting an IronWave Capital withdrawal request, or the fees you’ll have to pay. As it seems, payouts are not an option.

Key Things to Consider About IronWave Capital

Simply put, IronWave Capital broker is unregulated, blacklisted by UK authorities, and a danger to your funds. If you have any money invested there, we advise you to withdraw it immediately.

If the withdrawal request is denied or you cannot reach anyone from the company, report it to your local regulator right away. In addition, you can contact our chargeback specialists for assistance. We’ll evaluate your case during a free consultation and help you report the broker to the relevant institutions.

FAQ Section

What is IronWave Capital?

IronWave Capital is a fake brokerage with alleged addresses in Seychelles and the UK.

Is IronWave Capital Legit?

IronWave Capital is not a legit broker and has been blacklisted by the UK FCA for fraudulent activities.

How to Withdraw Profits From My IronWave Capital Account?

You can try submitting a withdrawal request from your account. If you don’t get your money back, contact us for help.

Once you visit Quontic.vc website, you’ll see that someone really worked on it. With its sleek design and great marketing, you might think you’ve come to the right place.

However, it’s a farce. Our detailed Quontic.vc review will show you what’s behind the surface and how easy it is to lose your money with an unregulated broker.

Is Quontic.vc Legit?

According to legal documents, Quontic.vc is operated by Quontic LLC. The company claims to have addresses in the UK and Canada, which implies it needs licenses by the FCA and OSC. However, once we searched through the said databases, we found nothing.

We expanded our search to other registers, but the situation was the same. This means that the company doesn’t offer you fund protection measures such as segregated bank accounts for deposits, leverage limit, and negative balance protection. What’s worse, they can vanish at any moment, and you won’t be able to apply for a refund from regulatory funds.

Who Are the Victims of Quontic.vc Scam?

While there are no Quontic.vc reviews on platforms like Reddit and Trustpilot, we have our own analysis tools. According to them, the majority of scam victims come from:

• Canada,
• United States,
• Israel.

Note that this brand is not related to Quontic bank found on the domain quontic.com. Therefore, their FDIC membership and license don’t cover you in case you trade with Quontic.vc broker.

Trading Platforms Choice

While promising its customers an innovative platform, this brokerage only offers basic WebTrader. It contains charts imported from TradingView with no advanced features. Note that you won’t be able to preview the platform without obtaining login credentials.

We were provided with links for the Quontic.vc app for Android and iOS, but neither of them worked. Simply put, you will have to trade via browser on any device.

Trading Assets

Once you access WebTrader, you will see five categories of trading assets:

• Forex – EUR/USD, AUD/CAD, NOK/SEK
• Commodities – gold, natural gas, soybeans
• Indices – NASDAQ, DAX30, NIKKEI
• Shares – Amazon, IBM, Microsoft
• Cryptocurrencies – BTC, BCH, TRX

However, this range means nothing if you cannot withdraw your profits.

Quontic.vc Account Types

If you still want to trade with this brokerage, which we doubt, here’s an overview of trading accounts.

• Classic – $5,000
• Bronze – $25,000
• Gold – $100,000
• VIP – $1,000,000

While the difference between amounts is rather big, your perks definitely aren’t that much better. With the Bronze account, you can get 5 protected trades. With the Gold one, you get up to 10 trading sessions and 10 trades, while the VIP account brings in 50 weekly trading sessions, VIP market insights, and a 1-on-1 session with a crypto hedge fund expert.

Leverage, Spreads, and Fees

The leverage ranges from 1:10 for the Classic account to 1:100 for the VIP one. Spreads are 100 bps on the Classic one and lowering to 50, 25, and 0 bps with each new account. 

Other fees are not mentioned, but judging by quite hefty spreads, we’d say trading with this brokerage is not cheap.

Trading Education

Quontic.vc broker has a section dedicated to trading education. You can find articles, a glossary, explanations about the markets, and an economic calendar. 

However, since we’ve determined that this firm has no regulations, we can only assume that their education is not proper. After all, it’s in their best interest to keep you without knowledge so that they can suggest nonsense trades and ask for more money.

How to Contact Customer Support?

If you’re having any trouble with your account, you can contact customer support. This can be done via support email, phone number, or a web contact form. The company claims it works 24/5, but we doubt you’ll get any answers regarding withdrawals.

Key Information to Consider About Quontic.vc

It’s clear that Quontic.vc is an unregulated brokerage. The company has no withdrawal policy or any other documents outlining payout terms. In addition, they don’t specify payment methods or fees. Therefore, it’s clear that you can expect a lot of issues.

In such cases, you should report them to your local authorities immediately. Additionally, you can book a free consultation with our recovery experts. We’ll help you file a complaint and create a plan for financial recovery. Don’t let scammers keep your funds. Let us know what happened.

FAQ Section

What is Quontic.vc?

Quontic.vc is an unregulated online trading brokerage allegedly based in the UK and Canada.

Is Quontic.vc a Scam Broker?

Yes, Quontic.vc is a scam broker that operates without the FCA and OSC approvals.

Does Quontic.vc Offer a Demo Account?

No, Quontic.vc doesn’t offer a demo account, only a live one with a minimum deposit of $5,000.

Protecting traders from bad investment companies is quite challenging nowadays, primarily because there are tons of bad firms out there. For inexperienced traders, it’s a nightmare. Luckily, there are hints that you can always watch out for.

Low transparency, a lack of regulatory oversight, customer support, etc. These combined details give you a bigger picture you should consider. To avoid wasting time on that, simply read our ECXX review.

Legal Info: Is ECXX Legit?

As a centralized crypto exchange founded in 2018, the company had quite a lot of time to build a good reputation. With headquarters in Singapore, the brand operates under the ownership of Ecxx Global Pte. Ltd. The first agency that should monitor the company’s services should be the Monetary Authority of Singapore (MAS). Yet, this exchange is not found in their database.

What’s even worse is that you can’t find this exchange in any other top-tier regulatory database, such as SEC, ASIC, or FCA. Therefore, investing any money with them could result in huge losses. Not the ones during trading but the unexpected ones.

Who Are ECXX’s Clients?

As can be seen, there are no publicly available ECXX reviews. Instead, the company presents us with a few on its website pointing out good service. However, there’s no proof of that. And on top, you can highly doubt it when you see their most active countries. These are: 

• United States
• Singapore
• Bangladesh

If you don’t understand why targeting US traders is not the best move, read our Finanzwelt.pro review. Trading in countries without authorization is a huge red flag. In case you get involved with such a company, our refund experts are available for consultation.

Trading Fees With ECXX Exchange

Generally speaking, ECXX Global Pte. Ltd offers quite attractive fees. With fixed rates of 0.2% for makers and takers, they can easily compete with top-tier platforms. Withdrawal fees are also fixed on all levels. For instance, the withdrawal fee for Bitcoin is 0.000025 BTC.

But with their poor offer, everything is highly speculative. Check out our Swapsimple review to understand why a broader offer makes a big difference.

         Bonuses

Usually, companies tend to offer bonuses when they want to motivate users. For instance, to stake proprietary coins, purchase newly released coins, etc. In general, those are small amounts but still big for a company.

With ECXX, there are such offers for the IEO (Initial Exchange Offering). In this case, it’s a 5% bonus for purchasing the supported token. Thus, we wouldn’t recommend you test this out without being sure if ECXX is legitimate.

ECXX Trading Features

With the mentioned IEOs, traders have quite solid options to be first on some deals. However, if those deals are not reliable, it’s not worth it.

Anyway, the company offers only staking and trading features with quite poor token offers. Nothing that would make any trader compare them with top-ranked exchanges.

         Trading Platforms Available

It’s quite surprising that everything in the ECXX crypto exchange is web-based. No matter what feature you choose. Sadly, that’s all the danger, considering the lack of regulations. Quite easily, the company can make traders believe unrealistic results. Therefore, pick a licensed company for maximum safety.

         Available Trading Assets

Besides poor security, the worst part is the poor instrument offer. With only 20 cryptocurrencies available, which are the most popular ones, they can hardly be attractive to users. Especially with so many more interesting offers out there.

Instead, you can trade here only: 

• Bitcoin
• Ethereum
• Litecoin
• Dogecoin and a few more.

         Account Types

Account types are quite rare with crypto exchanges. There are usually three different levels that depend on your balance or 30-day trading volume. Here, it’s not precisely revealed.

Anyway, the problem is that the requirements for those levels are not mentioned anywhere. The only benefit you get is a higher withdrawal limit. But it’s not clarified if it’s daily or overall.

         Mobile Trading App

With the missing ECXX app, the company loses the credibility of a reputable crypto exchange. Nowadays, every company tends to develop trusted apps. So, why would you bother trading via browser? Especially if you use multiple wallets, analytics platforms, or news feeds.

         Demo Account

Generally, this company’s features are quite simplified. Therefore, after using your ECXX login credentials, you can’t expect demo accounts, especially since leveraged and margin trading are not on offer.

         Education

Important to realize is that the company doesn’t provide any educational material to its users. As a stable and secure platform, they should do so. Otherwise, they can present traders with any nonsense they want. Of course, without adequate crypto knowledge, they can easily believe it.

ECXX Withdrawal

As can be seen, the withdrawal process is not mentioned on the company’s platform. Consequently, we are not surprised by negative comments on ECXX Reddit. Overall, with missing transparency and regulations, anything is possible. Even withdrawal fees change without prior notice.

Customer Support

Apparently, customer support is available 24/7, but only via Telegram and Discord channels. However, when you try opening the app from the website icon, it leads you to the beginning. Seems like it’s all falling apart slowly.

Key Information To Consider About ECXX

With no tokens in circulation, a shady platform, and missing regulations, it’s clear this company is not the best choice. Simply, with zero credibility and security features, you can only expect issues. Not to mention disappeared customer support.

All in all, if you have funds with this exchange, we suggest you withdraw it. Since potential issues can happen, you can get a free consultation for refund options as well. Send us a quick message and book yours already today.

FAQ Section

What is ECXX?

ECXX is a Singapore-based centralized crypto exchange that has been offering its services since 2018 without any worldwide authorization.

Is ECXX Legit?

No. The company operates without regulations, misleads traders with reviews, and offers suspicious platforms without mobile app support.

What Are the Fees for ECXX Exchange?

Trading fees are fixed at 0.2%, but don’t let that delude you. If you experience any trouble withdrawing your money, get in touch for refund advice right away.

There are many legitimate exchanges on the market that will keep your cryptocurrencies safe. At the same time, there are plenty of those unregulated ones that will steal every penny and vanish.

One such entity is the subject of today’s EuroDex review. How do we know this is not a genuine exchange? Let’s review the legal details first.

Is EuroDex Legit or a Scam?

First of all, this company is entirely anonymous. If you were to look for legal documents or any information about the founders and headquarters, you wouldn’t find it. This is a clear sign the firm operates without any authorization.

However, we don’t like assuming and keeping our readers without precise information. This is why we checked registers of tier 1 authorities such as FCA, ASIC, BaFin, CNMV, and many more. And guess what? Instead of a license, we found a warning. According to UK authorities, the firm operates on multiple domains, all of which are illegal.

Who Are the Victims of the EuroDex Scam?

Since we found no EuroDex reviews on portals like Trustpilot, we turned to our website analytics tools. As it seems, this scheme is mainly targeting residents of:

• France,
• Italy,
• United States,
• United Kingdom,
• Poland.

The main domain, eurodexvip.com, was registered in April 2024. However, given the several domains, we wouldn’t be surprised to learn that this is an experienced scammer who disappears whenever exposed by the authorities.

EuroDex Trading Features

Since it’s clear that the EuroDex exchange is not genuine, you should avoid it by all means. If, however, you decide to invest, here’s a brief overview of what you can expect.

Trading Platforms

There’s only one trading platform – WebTrader. You need EuroDex login credentials in order to gain access to it. Since it’s a basic platform with imported TradingView charts, we believe you don’t need to risk providing your personal details to this unregulated firm. There’s nothing to see.

Surprisingly, there are no links for the EuroDex app for Android and iOS. While most exchanges offer mobile apps for convenience, this one didn’t bother to develop it.

Available Trading Assets

As a crypto exchange, this firm offers one asset only: cryptocurrencies. You can trade popular coins such as:

• BTC,
• TRX,
• DOGE,
• BCH.

Additionally, there are less popular ones, like SNT and ELA. However, the range of available assets is poor compared to some legitimate crypto exchanges.

Leverage, Spreads, and Fees

We’re unsure whether the company offers margin trading or not. Their site is quite cryptic, and it’s impossible to log in to the platform without approval from the employees. Therefore, we cannot confirm the leverage, spreads, and other trading fees. 

EuroDex Support – How to Contact Them

If you have any trouble with your EuroDex account, you can try contacting the support team. The only way to do so is via online chat. 

However, it’s not specified whether the support works around the clock or during certain hours.

EuroDex Deposit and Withdrawal

As it seems, the only deposit method is crypto. You can transfer funds to a USDT, BTC, or ETH wallet. The same stands for withdrawals too.

However, there is no EuroDex withdrawal policy that would clarify the fees, terms, and other information. This indicates that you will have a hard time getting your payout.

Key Information to Consider About EuroDex Exchange

Now, let’s summarize everything we’ve discovered. First and foremost, this exchange is anonymous, and we don’t know who’s behind the operation. Of course, they have no license to provide crypto trading or exchange services, which is why the UK FCA added them to a warning list.

With all this combined, you can be sure that you’ll have issues getting your crypto out of the account. In such a situation, you should notify your local authorities. Additionally, you can contact our crypto recovery specialists for help. We’ll evaluate your case during a free consultation and see what can be done. Don’t wait, let’s begin immediately!

FAQ Section

What is EuroDex?

EuroDex is an unregulated online crypto exchange without legal documents or information about the owners.

Is EuroDex Legit?

EuroDex is an exchange without a license. Additionally, it was banned in the UK for providing unregulated financial services.

Is EuroDex Available in the United States or the UK?

Yes, EuroDex is available in the US and the UK, but it has not been approved by authorities.