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The United Kingdom’s Financial Conduct Authority has issued a warning against Premier Options in October 2023
If you are looking for a reliable and trustworthy binary options broker, you might have heard of Premier Options. This is a relatively new platform that claims to offer high returns, low fees, and excellent customer service. But is it really a legit broker or just another scam?
In this review, we will examine the features, pros and cons, and reputation of Premier Options. We will also compare it with some of the leading binary options brokers in the market. By the end of this article, you should be able to decide whether Premier Options is a good choice for you or not.
What is Premier Options?
Premier Options is a binary options broker that was launched in 2020. It is owned and operated by Premier Options Ltd, a company registered in St. Vincent and the Grenadines. The broker claims to have over 200 assets to trade, including forex, stocks, commodities, indices, and cryptocurrencies. It also offers various types of options, such as high/low, one touch, ladder, and pairs.
Premier Options has a web-based trading platform that is compatible with any device and browser. It also has a mobile app for Android and iOS devices. The platform has a user-friendly interface and provides various tools and indicators for technical analysis. It also supports social trading, where you can follow and copy the trades of other successful traders.
Premier Options claims to have a high payout rate of up to 95% on successful trades. It also has a low minimum deposit of $10 and a minimum trade size of $1. The broker accepts various payment methods, such as credit cards, wire transfer, Skrill, Neteller, and Bitcoin. It also offers fast withdrawals within 24 hours.
Premier Options has a dedicated customer support team that is available 24/7 via phone, email, live chat, and Skype. The broker also provides educational resources, such as ebooks, videos, webinars, and articles. It also has a demo account where you can practice trading with virtual money before investing real money.
Is Premier Options legit or scam?
Premier Options is not regulated by any reputable authority, such as CySEC, FCA, ASIC, or CFTC. This means that the broker does not have to comply with any rules or standards that protect the interests and rights of traders. It also means that there is no guarantee that the broker will honor its obligations or pay out your winnings.
There are also some red flags that indicate that Premier Options might be a scam. For example:
- The broker does not provide any information about its owners, location, or registration number on its website.
- The broker uses fake testimonials and reviews from actors and stock photos on its website and social media pages.
- The broker offers unrealistic bonuses and promotions that come with hidden terms and conditions that make it impossible to withdraw your money.
- The broker uses aggressive marketing tactics and cold calls to lure unsuspecting traders into depositing money.
- The broker manipulates the prices and outcomes of the trades to make you lose money.
- The broker denies or delays your withdrawal requests or asks for more documents or fees to process them.
- The broker blocks your account or stops responding to your queries if you complain or try to withdraw your money.
Therefore, we advise you to avoid Premier Options at all costs. There are many other binary options brokers that are regulated, reputable, and reliable. You should do your own research and check the reviews and ratings of any broker before signing up with them.
What to Do If You’ve Lost Money with Premier Options?
If you have been scammed by Premier Options or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.