Premiumfxearners operates as a Forex and CFDs broker that is registered in London. Are we sure that they’re in London? The address cannot be trusted since the entire website is full of lies and misleading information. Premium FX Earners a widget that displays fake earning information. Scammers use this notification widget to make investors believe that the broker is processing withdrawal requests which is not the case.

Premiumfxearners is a risky broker and if you have lost any funds as a result of trusting the platform, there’s something you can do now to recoup the funds. If your funds are currently held up in this broker’s bank accounts or Crypto wallet and they’re asking you to pay taxes or some kind of fees in order to enable the withdrawal of your deposit, take action right now because you will never get your funds out of this rogue platform.

5 Reasons why Premiumfxearners is a scam broker

We’ve conducted due diligence on Premium FX earners and found that this broker cannot be trusted. Their website claims that it wants to teach and help you trade. A broker can’t be a trading educator as their job is to provide you with a trading platform. Run when a broker tells you they’ll provide training for you.

Premium FX Earners is not licensed

Premiumfxearners operates without proper regulation or licensing from the FCA. The reason why the FCA comes into the picture is because Premium FX earners claims to operate in the UK… which is the territory of this financial regulator. The FCA’s regulatory oversight helps ensure the integrity and fairness of the financial markets. Since this broker is unregulated, chances of it defrauding you is very high.

Broker tries to gain popularity by telling lies

Premiumfxearners claims that they established the business in 2016 but we can tell that this website was registered just the other day. Look at who.is and you will find that the website has been in existence since February 2023. It means the broker does not have any reputation or track record. If they can tell lies, expect them to steal your funds as soon as the money hits their bank account.

Premiumfxearners is a market maker

Premiumfxearners offers CFDs for trading and this means they have created the market and will be the counter-party to your trades. You can’t win against this broker no matter your trading strategy. This is because the setup creates a conflict of interest as their profits come from your losses. The broker lacks transparency and fairness of their pricing model is questionable.

A market maker won’t give you the best execution

The quality of trade execution can significantly impact your trading experience. You can be sure that Premiumfxearners will give you headache as you will deal with frequent slippage, requotes or execution delays. This is due to the conflict of interest that we described earlier. The broker is trying to rig the market and as a result they intentionally cause these problems.

Broker has no reviews or customer feedback

We consider customer reviews an integral part of our research when writing these reviews. Unfortunately Premiumfxearners lacks reviews and customer rating. We cannot trust a broker that has zero ratings. We’d like to know if this broker is consistently receiving positive or negative reviews. Currently there is no information about them online.

Conclusion of Premiumfxearners review

This list is not complete yet, and we also urge you to do thorough background research before trusting a broker. Seeking advice from other traders or consulting with reputable financial institutions can also provide valuable insights into choosing a reliable broker. But certainly Premium FX earners is a no. Don’t trust them.