The broker Premium Brokers has two different trading accounts with more than 40 currency pairs. The trading condition is attractive, and the broker provides trading on the MetaTrader platform. However, the broker is not regulated and been blacklisted by the financial regulator. Before you make your mind to invest in this broker, please read our neutral and valuable Premium Brokers review first. It will provide you with all the critical information. Read the full Premium Brokers review here.
About Premium Brokers:
We always try our best to provide an impartial review to our readers. In this process, we talk about possible opportunities and demerits of the broker one by one. In this section will cover all the possible opportunities of Premium Brokers. The broker has a long list of tradable assets, including 45 foreign exchange pairs; some of them are USDCLP, USDCZK, USDCNH, USDHUF, USDMXN, USDNOK, and several others. The CFDs are provided on the crypto coins like Bitcoin, Bitcoin Cash, IOTA, EOS, Litecoin, Ethereum, NEO, and more. The commodities include metals, Agri products, energies, and also 14 plus indexes. Another opportunity can be provided MetaTrader trading platform. It comes with advanced features like EA, Multiple Account Management, World-class Charts, and market indicators are few to say. The spread of 1.5 pips is offered on the euro-dollar fx pair. These are slightly high than what is usually preferred but can be acceptable. The first demerit of Premium Brokers is its nonregulated nature. The broker is the property of Premium Solutions LTD situated on the Marshall Islands. The Marshall Islands is the red-flagged territory of the scam. Also, brokers operating from here are not under the surveillance of any financial regulator. Furthermore, the Italian financial body CONSOB blacklisted this broker for carrying out an illegal brokerage activity in the country. The broker also offers generous trading bonuses to its traders. However, these bonuses require a high trading volume trade before withdrawals. The payments at Premium Brokers are facilitated by only two channels, like cards and bank transfer. The broker does not share information about the minimum deposit required to open an account with it. It is considered unacceptable, and every legit broker shares every single detail to its clients.
Is Premium Brokers scam or legit?
The broker is operational from the overseas territory of the Marshall Islands that is not covered by any financial regulator. The broker itself is unlicensed and have been red-flagged by CONSOB. The broker Premium Brokers is a potential scam broker 2020.