In this review, we will describe why Premium Brokers is a scam that you should avoid at all cost !
Is Premium Brokers Legit?
Looking at Premium Brokers website, it shows that they are owned by Premium solutions Ltd. Premium solutions Ltd is located on the Marshall Islands, a well-known offshore zone and a preferred location for shady brokerage. Premium Brokers is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why Premium Brokers is a dangerous broker to deal with.
Are Funds Safe with Premium Brokers ?
With such lack of information and Premium Brokers being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is Premium Brokers is withholding vital information to users.
Premium Brokers could go bankrupt from one day to another since there are no banking information about this broker.