Premium X Capitals Forex Broker

Note: Premium X Capitals's official website - https://premiumxcapitals.com/ is currently inaccessible normally.Premium X Capitals Review SummaryFounded/Registered Country/RegionChinaRegulationNot regulatedMarket InstrumentsForex, cryptos, commoditiesDemo Account/LeverageUp to 1:400EUR/USD SpreadFloating around 2.1 pipsTrading PlatformWebMin Deposit$250Customer SupportEmail: 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 ConsPros Cons Popular payment optionsUnavailable websiteNot regulatedLimited tradable assetsWide EUR/USD spreadsNo MT4 or MT5High minimum depositOnly email supportIs 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 PlatformSupported Available Devices Suitable for Web platform✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit 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.