Messages
9
I think I am the victim of a fraudulent brokerage, supposedly located in CA, with the Website premiumexchange.net. Over the course of 5 months, they have gotten 13,150.00 from me in BitCoin, not including the fees involved. The trading profits amount to 83,600. But in order for me to collect that they are telling me I have to pay another 8,000 for taxes to pay the IRS. Now - this doesn't make sense to me, and according to the Commodity Futures Trading Commission and the Securities Exchange, the forex broker should not be collecting taxes, or many other fees for that matter. I have received nothing to pay taxes on. I have a Tax ID number which should be sufficient for the broker. The request for taxes was my tipping point, but suspicion started with the 3,000.00 dollar request for Identity Verification, in which they never requested anything to verify my identity, My only contact with the broker has been email, and the account manage through a social media app
The Account manager led me into this blindly with her charm. Never alerted me to any disclosures, or possible fees, and on that basis - I have requested my initial investment back several times over the past month. They can keep the profits, but I am having trouble getting my investment, and they just sent me an email stating that I will not get my profits unless I pay the 8,000.00 dollars. I am on living on a fixed income - they have taken advantage of my vulnerability during the pandemic. I even threatened to report them, but to no avail. Attached is the last email I sent requesting my investment. to which I received this reply from the account manage on WhatsApp

Celine Watson -1 (209) 528-0644:
Good morning Richard
I had a conversation with the broker about your complaints Richard
Just like I said earlier on
The broker made it clear to me that there’s no refund of investment
Just you withdrawing your profits and if you want to close your account with premium exchange then that’s it.
 

Attachments

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FxMaster

Lt. Colonel
Messages
10,745
I think I am the victim of a fraudulent brokerage, supposedly located in CA, with the Website premiumexchange.net. Over the course of 5 months, they have gotten 13,150.00 from me in BitCoin, not including the fees involved. The trading profits amount to 83,600. But in order for me to collect that they are telling me I have to pay another 8,000 for taxes to pay the IRS. Now - this doesn't make sense to me, and according to the Commodity Futures Trading Commission and the Securities Exchange, the forex broker should not be collecting taxes, or many other fees for that matter. I have received nothing to pay taxes on. I have a Tax ID number which should be sufficient for the broker. The request for taxes was my tipping point, but suspicion started with the 3,000.00 dollar request for Identity Verification, in which they never requested anything to verify my identity, My only contact with the broker has been email, and the account manage through a social media app
The Account manager led me into this blindly with her charm. Never alerted me to any disclosures, or possible fees, and on that basis - I have requested my initial investment back several times over the past month. They can keep the profits, but I am having trouble getting my investment, and they just sent me an email stating that I will not get my profits unless I pay the 8,000.00 dollars. I am on living on a fixed income - they have taken advantage of my vulnerability during the pandemic. I even threatened to report them, but to no avail. Attached is the last email I sent requesting my investment. to which I received this reply from the account manage on WhatsApp

Celine Watson -1 (209) 528-0644:
Good morning Richard
I had a conversation with the broker about your complaints Richard
Just like I said earlier on
The broker made it clear to me that there’s no refund of investment
Just you withdrawing your profits and if you want to close your account with premium exchange then that’s it.
Can we have a website address, please?
 
Messages
9
In addition - under there "Four Steps to Start Trading" (at the bottom of the page) Number 2 specifies to upload the necessary documents to verify. That was never done or asked for.
 

Attachments

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FxMaster

Lt. Colonel
Messages
10,745
I saw, you already left a review here https://www.forexpeacearmy.com/forex-reviews/19442/premiumexchange-cfd-brokers

Now, follow this.....

First of all, invite the company by using the invite company option to your thread. And if you are unable to locate the option then this thread " Tutorial: How to Invite a company to your thread. " Will help you to find out.

Note 1: The invitation button will be enabled when your first post reaches 4 days old.
Note: 2 You need to make a second post in this thread to enable the official invitation option.
Note 3: Make sure to share your account number (Only account number). Many time this help companies to find out you are genuine or not.
Note 4: Make sure to follow the suggestions correctly, when you do it correctly you will get the below message in your thread automatically.

OP Screen shot.jpg
 

Scam Reporters

Sergeant Major
Messages
537
Looks like Premiumexchange is fake and you were scammed. You deposited via crypto making your chargeback impossible. They claim they are US based and US regulated while in reality the address given (EM Limited, 168, St. Christopher Street, US) is most likely invented/stolen and relates to EU member, Malta.
1635246534734.png

In their T&C they state:

1635246728965.png
So suddenly its apparently Russian nsbroker (https://ru.nsbroker.com/) in Malta, while at all times they indicate the US. If you are Us citizen, contact your market supervisor (SEC, NFA, FINRA, CFTC) for further advice on how to act. Americans go heavy on scammers targeting their citizens, that much is already well known. Also contact Maltese regulator MFSA (www.mfsa.mt) as this could be identity theft of a potentially regulated broker https://nsfx.com/ (https://www.mfsa.mt/financial-services-register/result/?id=9803)

NSBroker is very similar to Premiumexchange:

1635247129415.png 1635247175656.png

Btw, here is one more, same skin, same narrative: https://extmarkets.com/

1635247346941.png

Scam websites are Bahamas, Germany etc, per domain lookups... so, probably a Russian con artist scheme.

Always check everything before placing money to 'trade account' and do not pay them another cent for anything they ask e.g. nonsense like add to margin, pay tax, pay fees... It's just your friendly scam sales agent with fake name trying to upsell you more bullsh*t.

Good luck.
 

The Punisher

2nd Lieutenant
Messages
1,019
I think I am the victim of a fraudulent brokerage, supposedly located in CA, with the Website premiumexchange.net. Over the course of 5 months, they have gotten 13,150.00 from me in BitCoin, not including the fees involved. The trading profits amount to 83,600. But in order for me to collect that they are telling me I have to pay another 8,000 for taxes to pay the IRS. Now - this doesn't make sense to me, and according to the Commodity Futures Trading Commission and the Securities Exchange, the forex broker should not be collecting taxes, or many other fees for that matter. I have received nothing to pay taxes on. I have a Tax ID number which should be sufficient for the broker. The request for taxes was my tipping point, but suspicion started with the 3,000.00 dollar request for Identity Verification, in which they never requested anything to verify my identity, My only contact with the broker has been email, and the account manage through a social media app
The Account manager led me into this blindly with her charm. Never alerted me to any disclosures, or possible fees, and on that basis - I have requested my initial investment back several times over the past month. They can keep the profits, but I am having trouble getting my investment, and they just sent me an email stating that I will not get my profits unless I pay the 8,000.00 dollars. I am on living on a fixed income - they have taken advantage of my vulnerability during the pandemic. I even threatened to report them, but to no avail. Attached is the last email I sent requesting my investment. to which I received this reply from the account manage on WhatsApp

Celine Watson -1 (209) 528-0644:
Good morning Richard
I had a conversation with the broker about your complaints Richard
Just like I said earlier on
The broker made it clear to me that there’s no refund of investment
Just you withdrawing your profits and if you want to close your account with premium exchange then that’s it.
Are you also from the US? IF Yes, please file complaints with FINRA, FBI, CFTC, FTC and the Attorney Generals Office for the state you live in.
 
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