PremiumerPro Review – Presumptuous Scammer On The Market Since Recently

The race for the most attractive online trading offer is always on. As of march this year, another fraudulent entity has joined the competition. And let us tell you, they obviously are fully aware what attracts customers and potential victims the most. 

PremiumerPro advertises an offer you can hardly refuse. This fake team of professional traders, fully anonymous at that, has to offer you daring conditions, supposedly quickest transfers and premium software and trading tools. How true are their words in practice? 

Let’s just say we’re not optimistic about any of the services they offer or the supposedly extraordinary trading parameters. And we have strong reasons to have such an attitude towards this newly registered scam. BaFin blacklisting them is just one of the many. The rest of the story about this unscrupulous website, you can read in our PremiumerPro review below. 

Is PremiumerPro.co Scam or Legit?

Without further ado, we have to discuss the most important thing about any broker. That’s their license. Or in this case, an absence of one. The first authority that has noticed that PremiumerPro performs securities trading and bank transactions, without approval, is BaFin. The German Federal Financial Supervisory Authority has published an article about this anonymous website and it’s disturbing to say the least. 

Apparently, PremiumerPro.co is offering financial services and the possibility of trading crypto and CFDs without permission. More on this matter on the page of the official warning: 

• BaFin

After also checking the databases of other most influential regulators, like FCA, CySEC, CONSOB, CNMV and FINMA, we’ve come to a conclusion that PremiumerPro is not in possession of a valid Tier 1 license. Such licenses are important to have because they make brokers trustworthy and reliable. 

For example, a prestigious license forces brokers to be transparent, store deposits in segregated bank accounts, allow negative balance protection and leverage limitation to 1:30. Furthermore, heavily regulated firms respect the standards about compensation plans for reimbursing the clients in case of dispute and they do not offer bonuses, which are banned in EEA.  

Now, if we compare these regulatory rules with what PremiumerPro offers, the difference is painfully obvious. PremiumerPro is an incognito firm, that may as well be offshore, since they provide no parent company name or physical address and a registration number.

Additionally, they offer leverage up to 1:500, and a deposit bonus of up to 40% along with that. PremiumerPro, in essence, breaches all known licensing standards enforced by Tier 1 regulators in EEA, where this fraud advertises their suspicious services. 

Our advice for you considering this website is the same as the one we had about Swiss Trade: stay away, if you do not to lose the money you plan to invest. 

Where Does the Broker Find Victims?

If the licenses didn’t matter and the broker’s word was all that you had to work with, PremiumerPro would rule the industry. Their bright and shiny offer, with a bunch of false promises of huge profit is what would, at first, drive the potential victims to it. 

Scam agents working for PremiumerPro are undoubtedly skilled and well-versed in convincing, mind games and manipulation. This combination turns out to eventually bring victims to their knees after PremiumerPro snatches all their funds and entire life-savings. 

Take a look at the countries where PremiumerPro is most actively scamming traders from:

• Germany
• Italy
• Austria

You don’t have to be a resident of the mentioned countries to have a fraudulent agent approach you and offer their services. Ultimately, scammers do not care where the victims come from, as long as they keep investing. You should immediately seek legal help if you are dealing with the same. 

Terms of Service for PremiumerPro.co

General trading conditions at PremiumerPro include leverage of up to 1:500 and what is described as tightest spreads on the market. We’ve already mentioned that leverage this high goes against all known Tier 1 regulatory frameworks. Major regulators have limited the leverage for the sake of protecting traders against the risks of loss. The higher the leverage, the higher the exposure to the instrument. While PremiumerPro uses this as a bait to promise huge wins, they fail to mention it also brings a disastrous loss. 

Why PremiumerPro chose not to display the spreads is beyond us. Unsurprisingly, this is yet another anonymous broker and prefers not to disclose all the elements of their conduct. Just like another blacklisted scam – RoboInvest.

What Are the  Welcome Bonuses?

One of the techniques that certainly earns you attention of the potential customers, is the special bonuses, gifts, promotions and similar programs. PremiumerPro convinces their customers to invest more in order to get the higher bonus. This bonus amount can go up to 40% for the most expensive account. 

The broker fails to mention the additional conditions that come along with the bonus. For example, most fraudulent brokers treat the bonuses as non-wirthdravable and impose conditions like trading volume requirements and fees. 

 PremiumerPro Trading Features 

It’s already been discussed how unscrupulous financial services providers use fictitious trading features as bait for unsuspecting victims. Major issues arise if you accept them by agreeing to Terms and Conditions upon registering. 

The trading conditions that PremiumerPro advertises as lucrative are rather extremely risky. All the services that this website promises to provide are overly expensive. So we do not have a single reason to recommend this anonymous brokerage over any other properly regulated and transparent broker. 

Trading Room and PremiumerPro’s CFD Trading Platform

The Trading Room at PremiumerPro reminds you of a typical, rudimentary web trader. Commonly used by various shams just like this one, its presence in the industry is backed by the fact how easily it’s manipulated. The single actions you can take on it are buy and sell, as well as some basic customizing. 

Do not expect much else of it. This Trading Room concept is PremiumerPro’s actual trading platform. No downloading could be convenient, but it is well known how advanced and more reliable the desktop platform is in comparison to unstable web traders. Web distributions greatly lack the advanced analytical tools and strategy testers that help you build a viable trading plan. 

While you can expect reputable brokers to also offer proprietary mobile apps, PremiumerPro has none. The single available distribution is the basic, online one.

Available Trading Assets

There’s several tradable asset groups supposedly available at PremiumerPro. The offer of instruments doesn’t stand out from the industry average. However, the unfortunate fact is that no actual trading or profit-making is happening on a scam website. You can still explore their offer of instruments:

• Crypto Currencies (ADA, BCH, BTC, BNB, DASH, DOGE, ETC)
• Stocks (AEROFLOT, SBERBANK, TURKCELL, ROSNEFT)
• Currencies (EUR/USD, USD/CHF, EUR/GBP, USD/JPY, AUD/CAD)
• Commodities (Corn, Cotton, Natural Gas, Gold, Copper, Coffee)
• Indices (CHINA A50, DUBAI, FTSE MIB, IBEX 35, NASDAQ)

Account Types  – What’s the Difference?

A total of five different trading account types are available at PremiumerPro. Even the process of registering for an account is quick and seamless. However, after that, PremiumerPro expects you to verify your account if you want to deposit and place orders. 

That means revealing your personal info and uploading photos of your ID, passport, utility bill, driving license and whatnot. We always wonder how a scammer has the audacity to make such a request when they remain fully anonymous.

Either way, the account prices are completely absurd. Comparing them to what popular, regulated brokers have to offer, you’ll find PremiumerPro asking for a deposit that is hundreds of times higher than the industry average! Take a look:

• Basic – $10,000
• Silver – $25,000
• Gold – $50,000
• Platinum – $100,000
• Diamond – $200,000

Is It Possible to Trade with a Demo Account?

While account opening is quick and huste-free, the initial account you open won’t get you far. The broker immediately starts bombarding you with requests to either deposit or contact their support team if you’re stuck. That means that you have to start by instantly pouring real money into the scheme. You won’t be able to trade risk-free and test the trading environment during a trial period. 

How to Withdraw Funds from PremiumerPro.co?

Although PremiumerPro has made an effort to make you feel comfortable about the transfers, they have not gone as far as publishing any legal docs explaining these processes. To initiate a withdrawal process, you have to just go to your user area, select the amount and credit cards as a single way of payment and explain why you are requesting a payout. 

PremiumerPro isn’t at all transparent about the circumstances revolving around money transactions. Traders won’t know if there are any withdrawal fees and conditions until it hits them. Then it will probably be already too late. 

We wholeheartedly recommend you to consider requesting legal help to aid you in retrieving your money from these swindlers.

Customer Support

To contact the PremiumerPro support team, all you need to do is send an email or fill the online form. The website owners are allegedly eager to hear your opinion about their services. They’re also supposedly always at your disposal for any problem solving. 

What PremiumerPro fails to mention is the common behavior they display towards clients. First being all nice to get you to deposit and then turning a cold shoulder on you when it comes time for cash outs. 

What Are the Risks of Using PremiumerPro.co? 

Trading with PremiumerPro will, in no way, bring you the desired financial achievement or profit. From identity theft to the mass financial loss, PremiumerPro will make you suffer in ways you’re still unaware of, especially if you’re a Forex beginner. 

So for the sake of your own piece of mind, and to have a chance at actually making money, you should choose a regulated broker instead. Moreover, if you’re having troubles taking back your investment from PremiumerPro, feel free to speak to our contact and they’ll direct you to a legal expert that can help you take the necessary precautions.