FXPremium recently found itself at the center of intense criticism from traders and investors who say they were victims of fraudulent behavior and financial manipulation. Numerous users have reported similar patterns of operation that clearly indicate this platform is a scam

Website: https://fx-premium.com/

Website Availability: YES

Address: NA

Regulation: Unregulated

Warning: Financial Conduct Authority(United Kingdom)

Domain Age:

Name-FX-PREMIUM.COM

Registry Domain ID-2712074136_DOMAIN_COM-VRSN

Registered On-2022-07-19T00:41:18Z

Expires On-2025-07-19T00:41:18Z

Updated On-2024-07-03T15:55:20Z

Withdrawal Restrictions and Hidden Conditions

In several reports, the traders were continuously denied withdrawing money due to whimsical “quota” demands. The investors assert that whenever they attempted to withdraw, FXPremium would introduce a new goal or requirement which needed to be satisfied before the withdrawal. This is also noted to be adopted to hold up or entirely evade payouts.

Manipulative Trading Conditions

Users also complain of unequal trading conditions, such as high spreads and low leverage. Such conditions make it very hard for the trader to make a profit, and most feel that the platform is provided in favor of the broker against the trader. One user wrote that they lost considerable capital based solely on the bad spread rates.

FXPremium is said to hire unlicensed “account managers” who lure victims with promises of quick profits. In one instance, an investor sent £4,500 after being guaranteed weekly returns. When he asked for a withdrawal, the trader was required to pay surprise tax charges. Payment still did not yield a withdrawal, and the firm discontinued communication altogether.

FAQs

Q: Is FXPremium regulated?

A: No. Victims claim that FXPremium is not operated by any legitimate license or regulation.

Q: Are traders able to withdraw funds?

A: The majority of users complain that they are prevented from accessing their money because of fictitious conditions and fees.

Q: How do I act if I was scammed by FXPremium?

A: You should report the case to your financial authority and consult professional fund recovery services.

Take the First Step Toward Financial Justice

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