PremiumBorsa allegedly claims to be well known and highly recommended trading provider in the market with numerous traders trading with it. The broker gives access to three different trading accounts that offer ultra-low spreads and high leverage levels. The trading tools include over 40 fx pairs and CFDs over futures, commodities, stocks, venture, and crypto coins. The broker also claims to be operational from the United Kingdom. However, we suspect this broker and its legitimacy. In this PremiumBorsa review, we will talk about every detail of this broker and let you know is it good for you or not. Read the full PremiumBorsa review here.
To build a logical and trustworthy review we will deliver potential advantages of PremiumBorsa first and then discuss the disadvantages of it. The three provided trading accounts are Basic, Gold, and Platinum, unfortunately, the broker does not confirm the required minimum investment in each of these trading accounts. However, it is good that the broker offering three different account types however many brokers give only one account. The leverages as high as 1:300 is offered on each account type and it is quite attractive. Nevertheless, high spreads mean higher risk. The broker also provides trading on most popular MetaTrader trading platform and it is leading market since its inception. No wonder traders prefer this trading platform. While testing this provided MetaTrader we came across spreads of 1.5 pips on USDEUR fx pair. It is slightly above what we expected but it’s a competitive spread. The payments at PremiumBorsa can be accepted by traditional and advanced methods. However, what we have discussed so far sound lucrative but the broker is completely anonymous. The information on the origin, physical address, the brand manager is missing from the website. The only UK based telephone number is mentioned on the website. Nevertheless, the contact number is unresponsive. The MetaTrader available is provided and managed by the third party called Premium Solution LTD. It is not a good sign. Most of the times the third party fakes the results and manipulated trading in their own favour. The Skrill as a payment option is missing and it can be said that the Skrill’s anti-scam policy hinders the availability of it. The broker also offers trading bonuses to its clients that are designed to perform a scam.
Is PremiumBorsa scam or legit?
The broker is anonymous and unregulated. It is sufficient fact to claim PremiumBorsa a potential scam broker 2020.