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Score

1.41 /10
Danger

Premium X Capitals

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://premiumxcapitals.com

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Score

Regulatory Index0.00

Business Index6.21

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Broker Information

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Company Name

Premium X Capitals

Company Abbreviation

Premium X Capitals

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Premium X Capitals · Company summary

Note: Premium X Capitals's official website - https://premiumxcapitals.com/ is currently inaccessible normally.

Premium X Capitals Review Summary
Founded/
Registered Country/RegionChina
RegulationNot regulated
Market InstrumentsForex, cryptos, commodities
Demo Account/
LeverageUp to 1:400
EUR/USD SpreadFloating around 2.1 pips
Trading PlatformWeb
Min Deposit$250
Customer SupportEmail: support@premiumxcapitals.com

Premium X Capitals provides trading in forex, cryptos, and commodities with leverage up to 1:400 and spread from 2.1 pips via a web-based platform. The minimum deposit requirement is as high as 250 USD.

Pros and Cons

Pros Cons
Popular payment optionsUnavailable website
Not regulated
Limited tradable assets
Wide EUR/USD spreads
No MT4 or MT5
High minimum deposit
Only email support

Is Premium X Capitals Legit?

No, Premium X Capitals operates without regulation. It was blacklisted for operating without a license in an EU Member State – Austria. And there is an official warning issued by the FMA. Please be aware of the risk!

No license

What Can I Trade on Premium X Capitals?

Tradable Instruments Supported
Forex✔
Cryptos ✔
Commodities✔
Indices❌
Stocks ❌
Bonds❌
Options ❌
ETFs❌

Account Type

Premium X Capitals offers a single account type, and the minimum deposit is $250.

Leverage

Premium X Capitals's leverage is up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

The spread for the EUR/USD pair we got on the Premium X Capitals web-based trading platform was floating around 2.1 pips.

Trading Platform

Premium X Capitals claims to offer trading on the worlds best MetaTrader4, however, it turned out to be untrue. Instead, it was just a web-based trading platform.

Trading PlatformSupported Available Devices Suitable for
Web platform✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
Web platform

Deposit and Withdrawal

Premium X Capitals accepts deposits and withdrawals via bank wires, credit/debit cards, and e-wallets like PayPal, or UnionPay. Besides, traders can also make a deposit in Bitcoin, Ethereum, or Tether.

News

NewsWIKIFX REPORT: Investor warning against Premium X Capitals broker scam

The Austrian Financial Market Authority (FMA) has issued a warning against the broker scam Premium X Capitals

WikiFX
2022-07-20 15:07
WIKIFX REPORT: Investor warning against Premium X Capitals broker scam
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Comments

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君君
more than one year
As a former foreign exchange scam victim, I hope to save more people from being scammed by sharing my experience and experience. When choosing a forex broker, never choose a company that does not have a regulatory license. The risk of foreign exchange trading is very high, and a company must have a regulatory license to be eligible to provide services. And Premium X Capitals is not that kind of company.
As a former foreign exchange scam victim, I hope to save more people from being scammed by sharing my experience and experience. When choosing a forex broker, never choose a company that does not have a regulatory license. The risk of foreign exchange trading is very high, and a company must have a regulatory license to be eligible to provide services. And Premium X Capitals is not that kind of company.
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2023-03-16 16:27
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FX1363368720
more than one year
This is a total scam. Don’t invest your money in this platform. Asked for my money to be withdrawn and I’m still waiting. Please help me get my withdrawal and close this fraud company! Please!!!
This is a total scam. Don’t invest your money in this platform. Asked for my money to be withdrawn and I’m still waiting. Please help me get my withdrawal and close this fraud company! Please!!!
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2023-03-09 14:52
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