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Why is Premium Zone a scam?

Started by Admin, May 17, 2023, 02:42 PM

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Topic keywords [SEO] scamzonePremium

Admin

This article has the following information:
  • What is known about Premium Zone;
  • Irrefutable evidence that Premium Zone is a scam;
  • Secondary indications that Premium Zone is a scam;

Also a very important parameter of a good brokerage platform is good security features. Ensuring the protection of traders' personal information and funds is of utmost importance. A good trading platform should have robust security practices in place, such as two-step authentication, security and secure socket layer (SSL) techniques. All these and other things in order to firmly protect clients from scamming, stealing investments from the account or hacking into the investment platform itself with massive information leakage. None of the things mentioned on the Premium Zone platform are even close.

What other signs are there to prove that Premium Zone is a scam?

As written above, Premium Zone and its managers are no strangers to aggressive selling, insults, blatant incompetence, marketing gimmicks like guarantees of very high earnings and inflated reviews. There is no legal information on the Premium Zone website, not even an agreement of public offer, but there have to be legal documents confirming the fact that the brokerage firm has regulations, registration documents and, optionally, some regalia. The situation is similar in the search engine results, just as with the opinions; they are all the same. The fact that Premium Zone does not give away investments is a standard feature of a scam. Also, the analysts of Premium Zone are fond of giving false signals, which not only make no profit, but on the contrary, all the money is lost. Scammers often send these signals in order to earn more commissions and fees, although this is more relevant to representatives of real brokerage firms who are scamming in this way. But too frequent technical malfunctions of the Premium Zone platform are also a typical sign of fraud.

The most important fact which confirms that Premium Zone is a scam

Of course, we are referring to the lack of regulation. The regulator has a number of tasks, especially checking brokerage offices, inspecting firm representatives, examining the financials, investors and checking the company's liquidity. But the most important task of the regulator is to prevent money manipulation. Money manipulation can look many ways, an example being the withdrawal of a trader's money without his permission, or the misuse of a client's money in transactions he did not authorise. In the months before the 2008-2009 crisis, major US banking institutions did this on a massive scale. You can, for example, recover the funds through the regulator. The regulator has developed their own principles according to which they check the qualifications of financial institution managers, including those of brokerage companies. This, in turn, guarantees that their clients are dealt with by professionals. Premium Zone is not regulated, it is not even regulated by a government structure.

A quality brokerage platform should have a comfortable interface. A well-designed, intuitive user interface is essential for a brokerage platform. This ensures that clients will be able to easily navigate the platform, manage their personal accounts and conduct transactions with ease. There is none of this on the Premium Zone platform. We know many different platforms and this is something we are very familiar with, but in spite of your experience it is difficult to find your way around on this particular platform.
A quality trading platform should have a variety of investment options. A comfortable investor platform must provide a sufficient range of trading solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This allows clients to diversify their portfolios and gain access to different categories of currencies. There are quite a huge number of assets on the Premium Zone platform, however the problem is that Premium Zone scams and trading in these instruments is not real, it's not all happening in reality, like in the game. In reality, by buying gold from Premium Zone, you are not buying anything because Premium Zone is not licensed and therefore not allowed to trade on the international market, so you are not really buying anything through a brokerage company on the international market. In general, Premium Zone not only has a terrible usability but it is also quite ugly from an aesthetic point of view.

Personal experience with the firm

The facts stated above are enough to make a correct conclusion about the essence of Premium Zone. We decided to double-check everything personally to be 100% sure.
We left our contact information and a Premium Zone employee called us and immediately started to convince us to make a {much more money}. He started to talk to us, using his sales strategy and some ridiculous flattery. We deposited our account for a minimum amount of 25$ and decided to use the signals given by the broker. What happened next? We lost almost all money in a few trades and decided to withdraw the money. A Premium Zone representative called again and tried to convince us to withdraw the funds and moreover to deposit the account again and to make trades. It is unclear why the staff did not immediately refuse to refund the money without me once again giving the manager my personal money. It is clear that had I done so, they still would not have refunded the money, not a penny.

It's also bad enough that this had an emotional impact on me. Not only have I lost a significant amount of money because of the uselessness of Premium Zone, but this whole incident has made me feel betrayed and have a strong distrust of the trading industry. I can't get away from bad thoughts about the countless hours dedicated to sorting out the problems and compensating for the financial losses caused by the fraudulent nature of this office.

What is known about Premium Zone

In brief, essentially nothing. The company was registered last year. Where exactly it is located is unknown. No good information in just over half a year of the company's existence. There is purely negative information about the company, but first things first. We tried to look for information on the net about the city where the office is based, but in the end we didn't find anything. On the contrary, a decent company tries to be as open and transparent as possible and inform its traders, so that the clients were aware of whom they are going to give their money to, but it is obvious that the owners of Premium Zone do not think in such a way.

A quality trading platform should be available both on mobile and desktop platforms. In today's fast-paced world, traders must be able to access their brokerage platform on the go. That, by the way, allows them to follow the fast-changing situation and quickly sell or buy an instrument, if there is a good reason to do so. A good marketplace should have a flexible mobile app as well as a fully functional desktop version to cater for different user preferences and needs.

What should also be on the platform of a decent broker? Research tools! A trading platform is obliged to give people access to research tools and resources. These can be financial news, analyst reviews, broker financial reports, technical analysis tools and more. These tools enable clients to make informed investment decisions rather than doing the wrong thing. And how can you make informed investment decisions if all you have on the Premium Zone platform is a calendar? Real brokerage firms care about their clients' ability to make wise decisions, as this has a direct impact on the overall prospects of cooperation with each other.

As we have seen, not only did the investor lose money and mental health, but he did not get any good investment experience, only disappointment in trading. If you look at the rest of the reviews, it's about the same content. The most common complaint is that Premium Zone does not withdraw the investment. People also point out the global incompetence of Premium Zone managers. Through the reviews of Premium Zone, we have seen more than once that the managers of the broker allow explicit manipulation and abuse in the dialogue with the clients. The review of a normal brokerage company should be saying the opposite or at least things may not be that bad. In short, the reviews of Premium Zone also make it clear that Premium Zone is an obvious scam.

Consequences of dealing with Premium Zone

What happens if you or someone else spits on all the proofs mentioned in this article and decides to try trading with Premium Zone? Let's imagine it. Take a review on Premium Zone from the Trustpilot forum:
"I am leaving this review to share my personal painful experience with Premium Zone and to warn future victims before they even consider giving their personal hard-earned cash to this company. In my years of trading experience I have never come across a more negative brokerage firm, and it has given me a bitter taste in my mouth and a big decrease in confidence in the industry as a whole.

Entrusting your own money to Premium Zone is a decision you will definitely be worried about, as I am at the moment. I am left with the bitter reality that this is the worst thing that could have happened to me as an investor and I hope that my experience will be for traders who, are considering the decision to entrust their funds to this disgusting investment firm."

It was obvious at the outset that the degree of professionalism and competence at Premium Zone was clearly close to zero. Their platform was constantly problematic, with constant technical failures and a user interface that can be described as clumsy and incomprehensible. This alone made operations nerve-racking, but the problems did not end there.

Comparing Premium Zone with a normal company

This part of the article has the following information:
  • How a normal brokerage firm's site should be set up;
  • How a Premium Zone site is set up;
  • Comparison of a good investor platform with what Premium Zone has.
.

When the situation came down to the basic aspect of trader support, I got really angry. Their managers were either unresponsive or incapable of resolving my issues with any semblance of competence. I realised that I was talking to a robot and my requests for help were ignored. At the time I urgently needed support during a sharp price movement, I was in a difficult position, and this eventually resulted in me losing a large sum of money.

Let us now take a look at comparing what a Premium Zone and an adequate mid-sized firm offer. How does a normal brokerage platform have to function? A normal brokerage platform is the main tool for clients, giving them the chance to access the financial markets and make informed investment decisions. A good platform should have both a cent and a demo account in addition to a regular one.

Reviews for Premium Zone

What do the reviews on Premium Zone say? Mostly about the scams and general unqualification of the managers of Premium Zone. The proportion of positive and negative opinions is naturally in favour of the negative ones. Things are not that simple with the good points of view on Premium Zone either. The trouble is that all reviews are too much of the same type and have been written not so long ago and actually at the same time. All this indicates that these positive reviews are fake. Here is one of these reviews:
"Premium Zone is a great firm! The company has a permit to conduct brokerage activities. I earn 250-300% of my capital a month and I devote 15 minutes a day to trading. I advise everyone to use Premium Zone!
Really a great company! It is the only one that is able to make an average trader a multimillionaire in a few years, because he or she would be able to earn one hundred and fifty to two hundred percent a month. We think it is already obvious that this is a fake review.
We took another review on Premium Zone written on Reddit:
"This is the coolest broker on the market. I can't understand why it's not number one in Eurozone and America yet! The service is of the highest level and the managers at Premium Zone are very qualified. I have been working with the broker for about four years and everything is cool."
And we also can't understand why this broker isn't still number one... among scammers.
Note that those people who have engaged in fake reviews don't even know themselves that Premium Zone "provides services" for about six months, but certainly not for several years that this character has been doing business with Premium Zone. No evidence has been presented to prove that the analysts of Premium Zone are "very clever".

Total

You've seen it all with your own eyes. Premium Zone stands out even among the scams. The con is toxic to the point that there is no place to put a stigma on it. The reviews on Premium Zone that don't look like they are rigged are overflowing with negativity. People keep saying that they are not compensated, the employees are rude, the website is uncomfortable and hangs systematically, there are only negative memories from cooperation with Premium Zone. If you do not want to share the same fate as the other traders, under no circumstances leave your contact details on Premium Zone website. If you have already done so, just block the phones of the managers and ignore them. If you do discuss anything with them, there is a risk that scammers with their skills and experience of trickery will be able to trick you into taking your money. After all, scammers don't just offer any investment, they can gain the trust of their victims by befriending them, luring them in with promises of exorbitant returns.