PREMIUM CAPITAL FX has been flagged by Financial Conduct Authority 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.
PREMIUM CAPITAL FX has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Real-time alerts|Multi-device support|Risk management tools
Cons: Email notifications too frequent|Desktop app not available on Linux
If you are reading this considering PREMIUM CAPITAL FX - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over for the past year and a half has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Copy trading available|Good analytical tools|No hidden fees|Quick verification
Cons: Minor UI glitches occasionally
The reporting at PREMIUM CAPITAL FX is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Tax reports included|Competitive fees
Cons: Some tools only available on higher tiers
The platform at PREMIUM CAPITAL FX is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.
Pros: Excellent charting|Clean UI
Cons: Cannot customize dashboard fully
Several red flags with PREMIUM CAPITAL FX: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (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: Flagged by Financial Conduct Authority|Cannot verify credentials
I was contacted by PREMIUM CAPITAL FX 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.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
PREMIUM CAPITAL FX changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Multi-device support|Market news feed|Professional team|Excellent charting
Cons: Minimum deposit could be lower|No live chat on mobile
I had a dispute with PREMIUM CAPITAL FX and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: High security standards|Full transparency|Fast support response|Regular updates
Cons: Minimum deposit could be lower
PREMIUM CAPITAL FX advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Clear documentation|Reliable uptime|Demo account available
Cons: Website design could be more modern
The onboarding at PREMIUM CAPITAL FX was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Educational resources|Multiple order types|Comprehensive tools|Fast support response
Cons: Account statements could be more detailed