PREMIER TRUST has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I referred a friend to PREMIER TRUST from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Tax reports included|Detailed reporting
Cons: No integrated tax optimization|Wait times can be long during peak hours
After doing some research AFTER the fact (I know, I should have done this first), I discovered that PREMIER TRUST is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
The spread at PREMIER TRUST is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: High security standards|Easy to use platform
Cons: Alert system is basic
Do not be fooled by the professional-looking website. Behind the scenes, PREMIER TRUST is disorganized and incompetent. I found them from a blog post comparing services and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: API access|Low minimum deposit
Cons: Account statements could be more detailed
Do not believe the bonus offer from PREMIER TRUST. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast support response|Copy trading available|Comprehensive tools|Multiple order types
Cons: Website design could be more modern|Minor UI glitches occasionally
Several red flags with PREMIER TRUST: (1) They promise unrealistically high returns, (2) They're not registered with Comisión para el Mercado Financiero (Financial..., (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I was contacted by PREMIER TRUST through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. PREMIER TRUST said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Customizable dashboard|Good mobile app|Instant funding
Cons: Withdrawal takes 1-2 business days|Limited ETF selection
I looked into PREMIER TRUST and found they appear in the regulatory warnings database. Comisión para el Mercado Financiero (Financial... has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
After for a couple of months now with PREMIER TRUST I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: High security standards|Regular updates|Reliable uptime|Good analytical tools
Cons: None so far