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

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

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

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!

What Can I Trade on Premium X Capitals?

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.

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.