Score

1.51 /10
Danger

PREMIUM TRADE FX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.99

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • 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

PREMIUM TRADE FX · Company summary

Note: For some unknown reason, we cannot open PREMIUM TRADE FXs official site (https://www.premiumfxtrade.com/index.php) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

General Information & Regulation

PREMIUM TRADE FX is allegedly a CFD brokerage registered in the United Kingdom that claims to provide its clients with various forex and CFD tradable financial instruments with leverage up to 1:500 on the leading MetaTrader4 trading platform.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, minimum deposit, etc.

As for regulation, it has been verified that PREMIUM TRADE FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.41/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

PREMIUM TRADE FX advertises that it offers forex and CFD trading. However, more specific information about tradable assets cannot be found on the Internet.

Leverage

The leverage provided by PREMIUM TRADE FX is capped at 1:500. 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.

Trading Platform Available

The platform available for trading at PREMIUM TRADE FX is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Customer Support

PREMIUM TRADE FX‘s customer support can be reached by email: info@premiumfxtrade.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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小霞98
more than one year
Beware of this company. They will not give you withdrawals. They frustrated every means of trying to get my money. Once they get my money, they will never allow me to withdraw. They stopped responding to my emails. They close their website and prohibit me loging in their platform. Please stay away from them.
Beware of this company. They will not give you withdrawals. They frustrated every means of trying to get my money. Once they get my money, they will never allow me to withdraw. They stopped responding to my emails. They close their website and prohibit me loging in their platform. Please stay away from them.
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2023-03-17 15:26
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