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Premium4x Review

Premium4x Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this Premium4x Review.

Premium4x Review

Premium4X offers five types of accounts for trading in forex and CFDs on commodities, indices and stocks. The major differences among them are the minimum deposits and the spreads.

There is also a free demo account for those who want to try trading without risk.

The Company. Security of Funds
Premium4x is owned by Tesoro Online Ltd – a company with an address in UK, but at another section of the website is listed an address in the offshore zone St. Vincent and the Grenadines. The broker also provides an address in London. It, however, is not regulated neither by UK’s Financial Conduct Authority, nor by any other regulator.

This should warn potential clients to be cautious when dealing with this company, as the lack of regulation means they have absolutely no protection in case something goes wrong. Generally, it is always a better idea to trade with regulated brokers, like the ones supervised by the FCA or ASIC.

Moreover, we have come across several forums where clients of Premium4x complain they cannot withdraw their money and accuse them of being a scam operation. In such case it is indeed better to avoid this broker at all costs.

Trading Platforms

Like most forex brokers, Premium4x offers trading on the popular MetaTrader 4 platform. It has been in use for over 10 years and is preferred by traders and brokers alike for its functionality, ease of use and compatibility with third-party applications. MT4 offers numerous options like hedging and automatic trading, has multiple technical analysis and charting tools and supports money management systems like PAMM.

It is interesting to see whether it will retain its popularity after its developer MetaQuotes Software announced it is stopping supporting and developing it in favor of its successor MetaTrader 5, which is slowly gathering speed.

Methods of payment

Premium4x accepts client deposits via debit and credit cards and bank transfers. Other payment options include the electronic payment systems Neteller, CashU and WebMoney.

At a cursory glance, Premium4x seems a legitimate forex broker. It, however, is unregulated and this should serve as a big red flag. Worse still, there are enough complaints from clients regarding this broker claiming they cannot withdraw their money or that their accounts have been essentially drained of funds. There are also complaints about cold calling from Premium4x.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Premium4x Review Conclusion

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