FXpremium Review – Premium Way To Waste Your Capital
A firm that advertises the latest AI trading solutions should do a far better job at putting together a more professional-looking website. We’re unsure what kind of impression this blacklisted swindler is going for when their own site is falling apart.
Such a poorly designed web presentation doesn’t inspire trust or belief in their alleged unmatched investment technology. To make matters worse, any activity they’re trying to conduct is completely unsupervised and unlicensed.
So make sure you read this FXpremium review if you want to learn how to prevent fraudsters from striping you of your last coin.
|Regulated by:||Unregulated Investment Firm|
|Is This Company Safe?||Beware of entities without regulations and with blacklisted domains!|
|Have Warnings from:||FCA|
|Registered in:||Northern Ireland|
|Deposit Bonus:||Not available|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Withdrawals are impossible without legal support – contact our customer service for help!|
New And Already Blacklisted
Being one of the most diligent financial watchdogs, FCA was quick to detect the illegal actions going on at fxpremium.org. After 3 months of illicit operations, the domain was blacklisted for fraudulent notions. It appears that, after all, the website claims were all lies and fabrications in an attempt to lure in victims.
Not owning any Tier 1 licenses deems this scheme unworthy of your investment. After consulting several more regulators like CySEC, ASIC and BaFin, we’ve determined that no authority ever issued this firm a proper license for any of their services.
Be aware of the dangers hiding behind illicit entities – your funds aren’t safe, segregated accounts aren’t implemented and the same goes for compensation plans and risk-controlling measures. Another Forex dealer operating without a legitimate certificate is GfxRoyal.
From what we can gather looking at the WhoIs register, the fxpremium.org website has not been around for a long time. In fact, it was only launched in July 2023, targeting the citizens of the following nations:
- United States
- United Kingdom
Most of these fraudulent companies rely heavily on boiler room agents to attract new clients. Another such firm is JAFX. The main focus of these agents is persuasion and persistence.
Their usual story is that they are world-renowned crypto traders and experienced investors seeking financial backers. Once the victim cracks, they keep asking for more money over and over again.
Of course, it’s all a sham, and recovering funds from these deceivers is never easy. Fill out the form in the bottom of our page if you need help with FXpremium chargeback.
Dishonest About Costs
Trading conditions and costs are not revealed on this shady website. In order to inspire traders to invest in ridiculously fake plans, all actual information is covered up. It is simply impossible that all of the services provided by this investment portal are completely free of charge.
Even reputable service providers have to earn somehow – though commissions, taxes and trading costs. To quickly trick unsuspecting investors into falling for their fake promises, the FXpremium scam claims no fees are charged.
Since there’s not a single legal document posted on the site, we couldn’t even verify this statement.
No Notable Trading Tools
In the mess that the website represents, we couldn’t find anything worth mentioning, no matter how hard we looked. After all, no trading platform is shown. Trading tools and add-ons are also amis. The investment plans promise a lot, yet without a single guarantee of actually ensuring profitable results.
Fake AI Powered Platform
It’s hard to trust a blacklisted domain that only offers promises of a premium platform. The “AI and Web 3.0 structural/innovative model” should be some technological miracle that conducts all the trades for you and only brings back profit.
Needless to say, such solutions do not exist – the closest ones built were based on copy-trading of an existing strategy. Either way, all of the claims about this investment wonder are a farce.
What Is Traded
Crypto niche is swarming with swindlers like FXpremium, it’s becoming alarming. As many other investment frauds, this domain is also solely focused on crypto.
To be precise, the only tradable asset claimed to be offered is Bitcoin. Not a single other more popular digital currency like Ethereum, Litecoin and Ripple, like you’d see with well-established trading portals.
The investment plans are a total rip-off, with the cheapest coming at $500. This might not seem much, but remember it is a recurring payment that repeats each week.
The most outrageous of claims with this investment firm is with the return on investment. The company claims to be able to generate 400% on a daily basis for some investment packages.
Here’s an overview of plan costs, returns and recurring charges:
- Silver- $500 for 400% ROI weekly
- Gold- $1,000 for 400% ROI weekly
- Platinum- $5,000 for 400% ROI daily
You Won’t Get Paid
The lack of transparency is especially evident in the funding aspect. No legal documents or policies are there to outline the payment methods, procedures, timeframe and fees.
Entire story about the profit found on illicit websites like this one is based on the con artist’s goal to rush you into depositing. After that, the anonymous crypto transfer allows the cyber thief to get away swiftly and make sure the hand of law cannot touch them.
As hard as it is to backtrack the transaction and establish the wallet’s owner, it is still not impossible, as long as you turn to the right source of help.
Nobody Reads Support Tickets
While the site implements a chat option for FXpremium support, it doesn’t really work. There are no instant responses, and this alleged live support is just a contact form in disguise.
Sure, the firm says they will “respond as soon as possible”, but we didn’t receive any update on our ticket after waiting for hours. The only other means of contacting the company is through email, which is not exactly a prompt customer service channel either.
Need Help With Chargeback? Contact Our Professionals!
Ever since the advent of ChatGPT and other AI empowered software, companies claiming to have created an unmistakable intelligence specialized for finance have started popping like mushrooms. Unfortunately, many industry giants have burned millions of dollars in development of such programs, with little success.
It’s clear then, that this investment firm is yet another vulture waiting to profit on the inexperienced. Dealing with these entities quickly turns sour, with total investment loss. There are still means to get your money back, though, so get in touch with our chargeback experts!
What Is FXpremium?
It is an illicit website running a crypto investment scheme without legal permits.
Does the FXpremium company act legally?
No, the company lacks regulatory oversight, as FCA explains in their public warning.
When can I deposit/withdraw from my FXpremium Investment account?
Although the site claims some returns are weekly, some daily, do not be fooled by this. Please contact our legal service to receive necessary support in the process of fund recovery.