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Premiumexchange.co.uk claims to offer crypto investment services. For some time, the platform has operated undetected by authorities. However, after blocking withdrawals, the platform is now showing its true colors. Premium Exchange is even using false company registration documents on its platform. With authorities hot on the owners’ heels, it’s best to steer clear of the platform. Find out more in our clear PREMIUMEXCHANGE.CO.UK REVIEW.
About Premiumexchange.co.uk
There’s nothing to write home about when it comes to Premiumexchange.co.uk background. Nothing checks out, and even the about us page fails to disclose any vital information. For example, we don’t know the platform’s mission and goals.
You need to find out from a trading platform what the real intention is for clients. After all, you are the one investing funds. The platform is just there to collect and offer crypto investment services.
It’s not the case with Premium Exchange, as the platform even hides its actual location. We believe this is an offshore-based crypto investment platform. Despite claiming to reside in the U.K., we highly doubt it.
The about us page states the platform helps clients earn profit through bitcoin exchange investments. However, it’s not clear whether it’s the platform that engages with crypto exchanges or clients.
According to the about us page, premiumexchange.co.uk takes steps to identify crises and take advantage. This means buying when crypto prices are low and selling when high. After that, the platform invests in you.
And this is where we start noting red flags on the platform. Despite claiming to offer investments, you can also use their bots for crypto trading. Unfortunately, the accuracy of these bots remains unknown.
Investors have already listed the accuracy as poor due to the results. It seems the platform fails to offer real-time quotes and execution. As a result, it has led to many investors losing their investment in these crypto robots.
Accounts Premiumexchange.co.uk
Premiumexchange.co.uk does not have any accounts to offer investors. You only get a single account for all investment purposes. And this leads to more questions, especially regarding crypto trading features.
Before you engage with any trading platform, you need to know the features available. Unfortunately, the platform does its best to hide these features. Therefore, you have to sign up first before engaging with the platform.
Without account details, investors don’t know the acceptable minimum deposit. Just as with any market, the industry has set crypto trading minimum deposit at $250. Anyone asking for more is taking advantage of investors.
Premium Exchange will claim that the more you deposit, the higher your chances of winning. These are false claims as their robots are ineffective with members claiming foul. It would be best if you chose wisely and even ask for a demo.
Sadly, there are no demo accounts where investors can fund their accounts. And this means having to use a platform that fails to offer any meaningful services. You should test the accuracy of bots first before committing funds.
Automated Systems
These automated systems don’t come close to a real automated trading bot. These are mere false allegations meant to drive in more users. The platform fails in its obligation to prove the efficiency of its automated system.
And this means users believe what the platform states without actual proof. You need evidence that their automated system works. A genuine automated system will make 75 percent ROI if it’s accurate enough.
The platform does make bold statements by claiming profits are guaranteed thanks to automation. No expert or robot can even fathom making such allegations. With the Crypto market being volatile, making such bold accusations is uncalled for.
Business holder
Here’s where the platform starts to show anonymity and lack of transparency. The platform claims to have its headquarters in theU.K. These are false allegations that don’t make sense. The platform doesn’t have any business registries in the U.K.
The Premium Exchange brand is not an international financial service provider. These are false claims to make the platform appear legit. Instead, what we have is a platform that fails to offer genuine investment policies.
It would be best if you avoided anonymity in any state of form. This includes having to find out what the platform offers in return. So we have the faces of what appear as board members of the platform. These are stock images.
John Windsor is painted as the director of the premium exchange website. There are two other different faces on the about us page with the same name. These are some of the mistakes we spotted while doing our research.
Despite claiming to have over 3,500,000 clients, the platform remains unknown in theU.KK. The people behind it want to remain anonymous. It puts your funds at risk, and it’s best to stay away from such crypto investment ventures.
Client Testimony
The platform puts up a good show by posting fake client testimony. The testimony is meant to drive investors into believing in the platform’s ability. Unfortunately, these are also stock images used with false names.
Contact and support
You should also check whether a platform offers a more direct communication process. The platform with a more direct communication process ends up being effective. What we see is a message board where investors leave their messages.
We have seen this type of communication aspect before. However, Premiumexchange.co.uk wants to control the communication process. The platform seeks to ensure contact is at their own expense and when necessary.
Copy Trading Services
The platform also claims to offer copy trading; however, remember that the auto-trading feature is inaccurate. You end up losing as the original trader if you decide to go the copy trading way.
Deposit and Withdrawal
The platform only allows bank, crypto, and wire transfers. Once you deposit funds, it’s the last you will see of it. The funds will appear in your trading account after 24 hours. However, you won’t get to withdraw even a penny.
And this is the reason why we have to flag down the platform. Without anyone having to withdraw, members don’t stand a chance of enjoying their investment. And this is why we have to expose the platform.
Is Premiumexchange.co.uk Licensed or Regulated
Even after trying to convince users CySEC regulates the platform, it’s not true. For example, a platform located in the U.K should have a valid license from the FCA. But, unfortunately, the CySEC register doesn’t have any such platform.
The certificate the platform uses is a word document that is converted to PDF. We did a check with the Company HouseU.K.K to try and find out the truth. Unfortunately, there’s no such registered entity in the U.K. Company House.
Platform
When trading with crypto, the platform does offer an MT4 trading terminal. It’s one of the best trading terminals to use alongside MT5 and SIRIX. Sadly, even experts who use this platform won’t get the chance to withdraw.
Safety of funds with Premiumexchange.co.uk
Your funds are far from safe with such a platform. The platform fails to segregate accounts or offer insurance cover for deposits made. We suspect the platform is holding funds in a single bank account.
In the event of insolvency, no member will get any compensation from the platform. Therefore, avoid this crypto investment platform as no one gets to withdraw.
Verdict on Premium Exchange
You should avoid any crypto investment platform that uses false registration documents.
Make sure to join our growing community for more on crypto investment.
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