The Austrian Financial Market Authority (FMA) has issued a warning against the broker scam Premium X Capitals (https://premiumxcapitals.com). The website does not provide information about the operators or the competent jurisdiction. In contrast, it claims to have more than 2,000 customers (victims). Potential victims can lose their money via credit and debit cards. As a payment processor, we have discovered PayWay. Stay far away.
|Trading name||Premium X Capitals|
|Legal entity||not exposed|
|Payment processor||PayWay (https://payway.cc)|
The scam narrative
There is not much to tell about Premium X Capitals broker scam. It is a poorly made white label mutation. The only new thing about this scam for us is the payment processor PayWay which we have not seen before. The anonymous payment gateway provider facilitates the scam and allows deposits via credit and debit cards.
Discuss and share
If you have any opinions about our warning, feel free to comment. If you have any information about Premium $ Capitals, please share it with us via our whistleblower system, Whistle42.