FXpremium Review: Important Facts You Need To Know

No, FXpremium is not a legitimate broker. While they present themselves as a multi-asset investment haven, a closer look unveils a potential scam broker riddled with questionable practices and shady operations. Before entrusting your hard-earned money to FXpremium, tread cautiously and delve into the truth behind their alluring facade.

What is FXpremium?

FXpremium paints itself as a comprehensive investment platform offering margin trading in forex, precious metals, CFDs, and real stocks. They boast of 100% DMA STP order execution, promising seamless trades directly to the market. However, amidst these claims, cracks begin to appear in their foundation.

FXpremium Details:

Deposits and Withdrawals

While FXpremium touts various deposit methods, including credit cards, wire transfers, and e-wallets, the picture for withdrawals becomes murky. Many user reviews report encountering difficulties and delays in withdrawing their funds, raising concerns about potential fund-locking tactics.

If you have lost money to companies like LEIWOW FX, or IOP.cc; please report it to us on our Report a Scam form.

Account Types

Three account types are offered – Standard, Gold, and Premium – each with varying spreads, leverage, and minimum deposit requirements. However, the benefits advertised with each tier seem suspiciously inflated, lacking substantiating evidence or independent verification.

Red Flags and Warning Signs:

As one of the most thorough financial watchdogs, FCA quickly discovered that fxpremium.org was the site of illicit activity. Following three months of illegal activity, the domain was blocked for spreading false information. After all, it seems that the statements made on the website were all fabrications and lies meant to entice people to become victims. 

If you don’t have any Tier 1 licenses, this strategy isn’t worth your money. We’ve learned via speaking with numerous other regulators, including CySEC, ASIC, and BaFin, that this company has never received a valid license from anybody for any of its services. 

Customer Complaints and Negative Reviews:

A quick search online reveals a deluge of negative reviews and complaints aimed at FXpremium. Users report facing numerous issues, including:

• Manipulation of trading platforms: Allegations abound of manipulated spreads, stop-loss hunting, and price slippage designed to favor the broker at the expense of the trader.
• Withdrawal difficulties: Many users claim to encounter significant hurdles and delays when attempting to withdraw their funds, with some reporting outright denial of withdrawal requests.
• Unresponsive customer service: Complaints of non-existent or unresponsive customer service further exacerbate the frustration of users attempting to resolve issues or recoup their losses.

FXpremium Alternative Brokers

Instead of risking your funds with FXpremium, numerous reputable and regulated brokers offer secure and transparent trading environments. Consider opting for established brokerages with proven track records and strong regulatory oversight, such as:

• Interactive Brokers (US)
• IG Markets (UK)
• CMC Markets (UK)
• TD Ameritrade (US)
• Saxo Bank (Denmark)

These brokers provide reliable platforms, competitive spreads, and robust customer support, ensuring a safer and more secure trading experience.

Got Scammed by FXpremium? We Help Victims!

If you have fallen victim to FXpremium’s deceptive practices and lost money, you are not alone. Several organizations and resources can assist you in seeking compensation and justice:

• Financial regulators in your jurisdiction: Report your case to the relevant regulatory body in your region to file a formal complaint.
• Chargeback services: Depending on your payment method, you may be eligible to initiate a chargeback to reclaim your funds.
• Fraud recovery specialists: Specialized firms and lawyers can help you navigate the legal complexities of recovering your losses from fraudulent brokers.

Remember, acting swiftly and seeking professional help is crucial in maximizing your chances of recovering your funds.

If you want quick help from professionals, you can contact us. You will get a free consultation and recovery service recommendations to help you recover the lost funds or You Can report to us today by the below form.