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.
The mobile app from PREMIUM CAPITAL FX is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Customizable dashboard|Segregated accounts
Cons: Limited ETF selection|Cannot customize dashboard fully
PREMIUM CAPITAL FX has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Instant funding|Intuitive for beginners
Cons: Slow to add new assets
PREMIUM CAPITAL FX had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Risk management tools|Low minimum deposit|Fast deposits
Cons: Withdrawal takes 1-2 business days|Spreads widen during volatile periods
Do not use PREMIUM CAPITAL FX for anything serious. I used them since last summer for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Responsive team|Regular updates|Excellent charting|Quick verification
Cons: Desktop app not available on Linux|Charting tools need more indicators