ANSWER PREMIUM FX is not a licensed or regulated broker even though it states offers that look good to be true. PREMIUM FX claims it is one of Scotland's largest brokers and a registered and licensed company. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). When we searched in FCA, we only found that FCA issued a warning against PREMIUM FX for providing financial services or products without authorization. You can check the full warning from here.The truth is, PREMIUM FX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like PREMIUM FX and trade with licensed brokers.
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