Premium Trade
We checked Premium Trade against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
While Premium Trade attempts to establish a credible presence with hyperbolic language, our investigation paints a different picture. Despite claiming to be globally licensed, the company fails to provide any specifics about its regulatory status. This lack of transparency raises a red flag, suggesting that it may not be licensed by any regulatory bodies. It's important to scrutinize the company's location claims, which include "HQ: Cayman Islands; Mahé, Seychelles BRANCH: Georgia Town, KY… San Francisco, CA'. This ambiguous address information is often associated with fraudulent trading platforms. The locations mentioned are the Cayman Islands, Seychelles, and the US. However, our checks with relevant financial regulators have not found any records indicating potential legal registration in these countries and regions. Furthermore, the domain name, premiumtrade231.com, was only created in July 2023. This recent establishment contradicts its claims of a longstanding reputation and achievements. In essence, Premium Trade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Premium Trade appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Premium Trade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.