Warning: Is Premium Yields a Scam?

Is Premium Yields (premiumyields.com) a Scam?

We audited Premium Yields (premiumyields.com) and uncovered concerning issues.

We found that the company name is Premium Yields.

Premium Yields claims to be a trading platform, but it is unlicensed by any major financial regulator, such as the FCA or SEC.

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Safety Analysis: Premium Yields

Premium Yields runs without regulation.

Trading with unlicensed firms is highly risky. Legitimate firms are must be registered with bodies like the FINRA or FCA for your protection.

Premium Yields lacks this protection. This means there is no protection if they keep your funds. Most online scams involve unregulated entities, and recovering money from them is hard without professional help.

For instance, in the UK, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not members of regulatory bodies, meaning your money is completely exposed.

Common Scam Tactics

Online trading fraud is evolving. Criminals use social engineering to take your savings. Here are typical tactics seen in brokers like Premium Yields (premiumyields.com).

Dating App Scams

The "Romance Scam" is a brutal method where scammers build trust over months. They fake a relationship on social media. Eventually, they mention a "lucrative" crypto opportunity. It's a trap to get you onto a fake platform like Premium Yields.

The "Bonus" Trap

Fraudsters build websites that look exactly like legit trading apps. They have charts and profits that go up. But it is a fake. The scammer manipulates the prices to make you feel rich to deposit more. When you try to withdraw, the "profits" disappear.

Red Flags

• Unsolicited Contact: You get calls from "brokers" out of the blue.
• No License: The firm lacks legal registration.
• Guaranteed Profits: They guarantee 1% daily returns or risk-free trades.
• Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Pressure Tactics: Agents pressure you to deposit more.

Do not trust fake reviews. Scammers often post their own 5-star comments to appear real.

Verdict

Our verdict is to avoid Premium Yields. It is likely a fraud. Save your funds and find a licensed broker. Avoid premiumyields.com at all costs.