**Premocoin: Customer Reviews on Company’s Performance**
Premocoin provides access to an innovative trading system and promises that everyone will be able to learn everything necessary to increase capital. According to legend, this broker with a full package of licenses and permits has been operating for many years. However, there are no customer reviews, so it is necessary to carefully study the information about the intermediary and compare its claims with real facts.
What Information is Known about Premocoin?
Thanks to reviews from real traders, potential clients have the opportunity to assess the trading conditions on the platform. However, in the case of Premocoin, investors are deprived of this privilege.
The company itself claims to have been providing services for the fourth year, with the platform created by the best experts in trading and financial analysts. No names are provided. However, the website lists the following statistics:
- 318,000 orders daily,
- trading volume of over $150 million per day,
- 45,500 active traders.
If the company indeed has such achievements, why is there no one writing reviews or sharing their experience of cooperation? Checking the domain registration date showed that the platform was launched in 2017.
The website is old, but back in December 2021, it looked like this:
Scammers decided to buy an old domain so that naive individuals would think that the company is truly reputable and not ask unnecessary questions. In reality, its actual existence is minimal, hence the lack of reviews. For this reason, the platform has not been blocked by Roskomnadzor and other regulators.
Contact information on the Premocoin website is scarce. The office address in Cyprus turned out to be fake. In reality, at Hellados Ave 28, Paphos 8020, there is a pharmacy, clearly visible on Google Maps.
The provided phone number is absolutely useless. Scammers used a non-existent number that is impossible to reach.
It turns out that contacting the company’s employees can only be done via email. Obviously, they will not respond to uncomfortable questions or assist with fund withdrawals. Scammers use it for:
- collecting clients’ personal data,
- spamming,
- psychological pressure.
What about Legal Information?
Premocoin claims to operate officially and be registered in Cyprus. As mentioned above, the legal address turned out to be fake. The same situation applies to the licenses for brokerage activities. In the website’s footer, the fake intermediary indicates having permissions from:
- FCA in the UK,
- FSC in the Republic of Mauritius,
- IFSC in Belize.
The fraudulent company does not provide scanned copies of documents, and checks against regulators’ databases only confirmed that Premocoin is operating unlawfully. Here are details from the British regulatory body’s register:
Traders are left without legal protection from regulatory authorities. Investors from CIS countries are no exception. There are no reviews in the Russian-speaking segment yet, but this is a temporary situation. The scammer provided a Russian translation, indicating their intention to promote services in Russia, Kazakhstan, Belarus, etc. However, the company lacks approvals from local regulators, and it provides services arbitrarily.
What Trading Offers Are Available?
Premocoin promises the most innovative trading tools and real-time quotes updates, as they collaborate with major liquidity aggregators. Considering the lack of legal grounds for operation, all of this is a blatant lie. The scam can only simulate the trading process. To prevent potential victims from escaping without losses, scammers purposely did not offer a demo account. There are the following tariff plans:
- Beginner – from $150,
- Enthusiast – from $1,000,
- Professional – from $10,000.
A detailed description of trading conditions is absent. Only the following is known: maximum leverage ranges from 100x to 500x, instant trade execution. Trading cryptocurrencies and metals in the Beginner account is not available. Accounts with entry thresholds of $1,000 have insurance, and those with $10,000 additionally promise deposit protection and 24/7 support.
Former Clients’ Reviews
There is currently no information about Premocoin online. Potential clients, if lacking sufficient experience and practical skills, have to trust scammers blindly. This can lead to significant losses. Do you want to share your trading experience with Premocoin? In reviews, share key facts about this fraudulent broker to warn others about the danger.
How Do Scammers Deceive?
With a low entry threshold, Premocoin attracts many to the commercial offer of these scammers. A user opens a deposit account, tops up the balance, and witnesses a cheap show with trading. Initially, the trades will be profitable, but once a substantial amount accumulates in the account, scammers will manipulate spreads or accuse the investor of breaching agreements. Based on this, they will block the account and cut off access to funds.
What Did Independent Verification Show?
Like other money-grabbers, Premocoin targets gullible individuals who are easiest to deceive for money. Such people do not delve into legal details and do not question why nothing has been heard about the broker with an innovative platform online. Losses can amount to thousands of dollars. We do not recommend investing funds here; the company will not help you earn. They only care about their own interests.
