Read our Premium Capitals review to see if we recommend this broker for trading. Just to clear doubts, this is a premiumcapitals.co review. They also use premiumcptls.co domain.
Is Premium Capitals Legit?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.
So, Premium Capitals is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.
How does the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Premium Capitals reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back Premium Capitals?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact [email protected] but don’t let your broker know they you read this article or that you are contacting us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Premium Capitals reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Premium Capitals, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Premium Capitals Review Conclusions
Making the Premium Capitals review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Premium Capitals review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I can only confirm that it is all a scam. You never get your money back once you transfer it. And they keep calling, which is not what a normal company does to its clients.
The new address of their website is: https://premiumcptls.co/
The old one doesn’t work anymore.
I hope they will be caught by the authorities one day.
(1/5)
Igen pontosan tudpm igazolni ezt én is junius óta nevet váltottak de most szeptember 1 én ki akartam venni a tőkémet erre a fiók kezelőm le lopta az összes pénzemet a bankszámlámrol és kitiltott a fiókomból is és azóta se áll szóba velem!
(5/5)
Mocskos csaló és tolvaj banda az egész egy külső tárcába gyüjtik a lopott pénzeken vásárolt bitcoint amit utolértem azon már 20 millió dollárnyi bitcoin lapitott! És többen küldik oda több címről is rohadék tolvaj mind! Ap nevüket se szabad kimondani szemét tolvaj banda!
(1/5)
Mindenkinek a pénzén bitcoint vásàrolnak és egy kripto tárcába küldik amikor megnéztem azt a tárcát 20 millió dollárnyi bitcoin van ott felhalmozva!
Ez egy tolvaj banda!!!
Lisa Brown, Piper Adams ellopják a számládról a pénzt!!!
Tőlem több mint 1 milliót loptak el!!!!!!
This is a gang of thieves!!!
Lisa Brown, Piper Adams steal the money from your account!!!
They stole more than 1 million from me!!!!!! The whole gang is made up of crooks!
Engem a egy Lisa Rown nevű nő emailben keresett fel hogy látja nem fojtatom a kereskedésemet tud e nekem segiteni valamiben! Gát jót röhögtem mert az a tetü tolvaj Gary Parker ha ez a neve igazábol az kitiltott a kereskedésemből és levett a privát számlámrol is 800 eurót amiből bitcoint vásárolt egy gyüjtő tárcába ahol a lopott pénzeket halmozzák fel! Vagy saját szakállukra bünöznek a cég rudta nélkül vagy mindenki benne van csak az ijen emailekkel bizonyitják hogy ők kerestek hogy segitsenek de nem éltem vele
Scam! Bank felületre belépve leveszik a pénzt a privat bankszámláról. Visszautalás nincs, soha.
Csalok!
Dear All,
I have been scammed by 3 different companies, or they are the same people, I don,t know, as follows:
– PREMIUM CAPITALS
– SILVERSTONE ASSOCIATES
– MY CHARGEBACK.COM
The whole begun with a min. investment of 250.-€ to Premium Capitals to see how it goes with cryptocurrency. They called me from different numbers ( mostly UK), created an account for me on their web-sites, where I could follow how my investment was working. Then I thought let me see if it works backwards too, so I asked for withdrawal.
Then the issue started. I never got my money back.
Instead, they kept promising that my withdrawal was ready to be paid if I opened an account on binance.com, what changes crypto curreny back to euros.
Meanwhile these criminals scammed my laptop and smart phone with all passwords and stole all my money, in total 7500.-€. I reported it to the police and bank security. They use fake names, such as: Henry Hart, Piper Adams, Lisa Brown.
2., Then eversince “helpers”investigators” keep calling me to help to get my money back. First it was Silverstone Associates. They said, they found my stolen money at Coinbase, provided me fraudulant documents from Coinbase, VISA, FCA= all fake.
Asked me to pay extra 981,11€ to syncronise with the arrested money, then I will get all back.
Of course, I didn,t. They pretended they were Czech and lawyers. Then in another 2 days Silverstone asked me to pay 2,2% insurance again, as ” scammers” tried to attack my Coinbase wallet” and without the insurance, Coinbase will not refund my money. Then I said NO. I contacted Coinbase, my wallet is empty. The guy is called RYAN NEWMAN, fake name- of course.
3., I signed a contract with MYCHARGEBACK.COM for refunding my funds.
They even asked 10% upfront for their work- they say. Again nothing happened, my account manager – Minzélle van Wyk – didn,t even bother herself with answering e-mails, NOTHING. Then asked MYCHARGEBACK.COM to refund my paid fee and I got a nonsense bla-bla in German from Georg [email protected]– but NO MONEY.
So, all in all, these people are scammers, using fake names, computerised phone numbers, DO NOT EVER TRUST THEM, THE CHEAT YOU ON!
DON,T TAKE THEIR CALLS, BLOCK THEIR NUMBERS, THEY STEAL YOUR HARDWORKED MONEY.
All my money landed in Lithuania, scammers are most probably Russians.
Helga Kis Tóth
Engem,még rafináltabb módon vágtak át.Befizettem 250eurót,bizonyságot akartam hogy működik a dolog.Kifizettek 200 eurót.Mondom ez oké akkor.Befizettem 1020 eurót,felment 4390-ig elvileg.Kértem kifizetést,azóta hitegetés. Írtam nekik hogy feljelentést teszek.Nem írnak már semmit.Miért nem fogunk össze és tömeges csalás már komolyabban vesz az Interpol.