Premium X Capitals-Overview of Minimum Deposit, Leverage, Spreads

Note: Since Premium X Capitals official site (https://premiumxcapitals.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

Premium X Capitals is allegedly a suspicious regulated and blacklisted forex and crypto broker that claims to provide its clients with a variety of tradable assets with leverage up to 1:400 and floating spreads on the web-based trading platform.

Market Instruments

Premium X Capitals advertises that it mainly offers forex and cryptocurrency trading. Other trading assets like commodities are also available.

Leverage

The maximum leverage ratio provided by Premium X Capitals is much higher than most brokers, up to 1:400. However, traders have no way to change the leverage ratio, because it is the default value. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

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

Trading Platform Available

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. Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both MT4 and MT5 have mobile Apps, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

Deposit & Withdrawal

Premium X Capitals says to work with numerous means of deposit and withdrawal choices, consisting of bank wires, credit/debit cards, as well as e-wallets like PayPal and UnionPay, as well as cryptocurrencies of Bitcoin, Ethereum and Tether. The minimum deposit requirement is said to be $250.

Bonuses

Premium X Capitals claims to offer its clients some bonus. However, to withdraw the bonus and any of your profits, you would have to reach a turnover of the bonus amount divided by four.

Customer Support

Premium X Capitals‘ customer support can only be reached by email: support@premiumxcapitals.com. Unluckily, we didn’t find other more specific contact information like telephone numbers or the company address on the Internet.