FX Trade Premium Review
Welcome to our review on FX Trade Premium. We will demonstrate why you should not allow yourself to be scammed by this broker just like DCD London and Mutual.
Who is FX Trade Premium?
FX PREMIUM is owned by FX PREMIUM Group Ltd. which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license.
Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial establish capital which is $2,000 only, to pay a fee, and within a 2-3 month, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers.
This broker deals with both Forex and CFDs.
Is FX Trade Premium Legit?
Any company offering financial services ought to be registered by the regulator in the jurisdiction that it operates in. This broker operates in the UK and is not registered by FCA. Being unregulated is a major red flag for a scam. Such companies are likely to change their contact information from time to time to conceal their identity.
This broker is a clone. It takes advantage of unsuspecting potential customers by cold calling them with mixed information belonging to legit company to convince them to invest.
FX Trade Premium is a scam that you should avoid by all means.
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