Company Profile
Company Profile
Review summary
Note: Premium X Capitals's official website - https://premiumxcapitals.com/ is currently inaccessible normally.
| Premium X Capitals Review Summary | |
| Founded | / |
| Registered Country/Region | China |
| Regulation | Not regulated |
| Market Instruments | Forex, cryptos, commodities |
| Demo Account | / |
| Leverage | Up to 1:400 |
| EUR/USD Spread | Floating around 2.1 pips |
| Trading Platform | Web |
| Min Deposit | $250 |
| Customer Support | Email: support@premiumxcapitals.com |
Premium X Capitals provides trading in forex, cryptos, and commodities with leverage up to 1:400 and spread from 2.1 pips via a web-based platform. The minimum deposit requirement is as high as 250 USD.
Pros and Cons
| Pros | Cons |
| Popular payment options | Unavailable website |
| Not regulated | |
| Limited tradable assets | |
| Wide EUR/USD spreads | |
| No MT4 or MT5 | |
| High minimum deposit | |
| Only email support |
Is Premium X Capitals Legit?
No, Premium X Capitals operates without regulation. It was blacklisted for operating without a license in an EU Member State – Austria. And there is an official warning issued by the FMA. Please be aware of the risk!
What Can I Trade on Premium X Capitals?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Cryptos | ✔ |
| Commodities | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Premium X Capitals offers a single account type, and the minimum deposit is $250.
Leverage
Premium X Capitals's leverage is up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread
The spread for the EUR/USD pair we got on the Premium X Capitals web-based trading platform was floating around 2.1 pips.
Trading Platform
Premium X Capitals claims to offer trading on the worlds best MetaTrader4, however, it turned out to be untrue. Instead, it was just a web-based trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web platform | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Premium X Capitals accepts deposits and withdrawals via bank wires, credit/debit cards, and e-wallets like PayPal, or UnionPay. Besides, traders can also make a deposit in Bitcoin, Ethereum, or Tether.
