Easy Premier Trades is an online CFD broker claiming to have been established in 2006. The brand offers CFD trading services for markets including forex, stocks, indices, precious metals, commodities, and cryptocurrencies. Their official website's domain is easypremiertrades.com, registered on April 14, 2023, and later acquired by the current team for its website launch in April 2024.
Regulation Information
The platform claims on its website that its operating entity, Easy Premier Trades Pty Ltd, is registered in Mauritius and regulated by the Financial Services Commission (FSC) of Mauritius. The following specific information is disclosed on their website:
- Company registration number: 170969
- License number: GB19024896
However, investigations by the TraderKnows team revealed that this information is completely false. These registration and license numbers actually belong to a reputable broker, GO Markets Pty Ltd. Easy Premier Trades is attempting to disguise itself as a legitimate Mauritius-regulated broker by misappropriating the legal registration and regulatory information of GO Markets Pty Ltd.
Trading Platforms and Account Types
The official website claims to offer MT4 and MT5 trading software to clients. However, the TraderKnows team, upon investigation, could not find the company's server in the server lists of these platforms. This suggests the platform may not have any real trading servers, and the trading environment they promote may be entirely fabricated.
Regarding account types, the platform offers GO Plus+ Account and Standard Account. The main features of the accounts are as follows:
- GO Plus+ Account: Spreads starting from 0.0 pips, with a commission of AU $3.00 per side.
- Standard Account: Spreads starting from 1 pip, with no trading commission.
Additionally, the platform offers leverage up to 1:500, which might attract users with high risk appetites but greatly increases the potential risk of loss for investors.
Educational Resources
The official website claimed to provide the following educational resources:
- Introduction to Forex: Introductory forex course suitable for beginners.
- Margin Call Podcast: A podcast series revealing behind-the-scenes stories of the forex industry.
- Inner Circle Webinars: Weekly educational sessions and market reviews.
- Trading Strategies & Psychology: Articles on trading strategies and psychology written by third parties.
- MetaTrader 4 Video Tutorials: MT4 user guides designed for beginners.
- Next Steps in Forex: Advanced courses covering technical analysis and trading system development.
Though these educational resources appear comprehensive, their authenticity is questionable, especially as other company information has been exposed as false.
Deposit and Withdrawal Methods
The platform supports various payment methods, including Mastercard, Visa, Skrill, Neteller, Bank Transfer, and Fasapay. Although the payment options are diverse, the security of funds remains questionable.
Company Address and Contact Information
The contact information provided on the official website includes the following channels:
- Phone: +1(423)380-9354 and +1(249)-486-6136
- Email: [email protected]
- Online contact form on their website
The company also displays LinkedIn, Facebook, Instagram, and Twitter icons, yet these accounts do not actually exist, further indicating the company's fraudulent nature.
White Label and Agent Policy
The platform claims to offer a White Label Partnership and a Referral Program to attract agents and referrers. The specifics include:
- White Label: Offers branded MT4 and MT5 platform support to partners, including risk management, marketing, and technical setup.
- Referral Program: Earn commission by referring users, with flexible options and marketing materials.
These policies may appear attractive, but for a fraudulent platform, they are likely a means to gather more funds.
Website and Brand Exposure
According to Semrush data, the platform's official website has an average monthly traffic of less than 100 visits, indicating extremely low user activity. Additionally, there is almost no news or user reviews related to it on public networks, indicating its very low notoriety and lack of real user trust.
Moreover, the website uses the same design template as several known fraudulent platforms like One Click Tradings and Prime Fx Markets, further exacerbating its lack of credibility.
Risk Summary
Investors should be wary of the following key risks when considering Easy Premier Trades:
- Fund Security: Not regulated, funds may be misused.
- False Advertising: Uses stolen registration and license information to mislead investors.
- Technical Risk: Doubts about the authenticity of the trading platform may prevent normal trading.
- Privacy Risk: User information may be misused illegally.
- High Leverage Risk: Leverage of up to 1:500 increases the probability of investment losses.
Conclusion
A comprehensive analysis indicates that Easy Premier Trades is a high-risk non-regulated shell company that uses fabricated registration and regulatory information to attract investors. The authenticity of its trading platform and services is questionable, and the security of user funds is not guaranteed. Investors are advised to avoid this platform and select regulated and reputable brokers to ensure fund security.
