Easy Premier Trades is a CFD broker with questionable claims of being founded in 2006. Investigation reveals false founding dates, stolen regulatory information, and low traffic. This article examines its background and potential risks for investors.
1. Easy Premier Trades Background and Basic Information
1.1 False Claim of Establishment Date
Easy Premier Trades claims to have been founded in 2006, attempting to present itself as an “established” broker. However, verification reveals that the official domain easypremiertrades.com was registered on April 14, 2023, and the current team only purchased the domain in April 2024.
- Contradiction: The domain registration date contradicts its claimed founding year, clearly indicating an attempt to fabricate its history.
1.2 Stealing Another Broker’s Regulatory Information
The platform claims to be regulated by the Financial Services Commission (FSC) of Mauritius, providing the following details:
- Company Registration Number: 170969
- Regulation License Number: GB19024896
However, an investigation reveals that these registration and license numbers actually belong to the reputable broker GO Markets Pty Ltd, not Easy Premier Trades.
- Conclusion: Easy Premier Trades is using stolen regulatory and registration details from a legitimate broker, attempting to disguise itself as a regulated entity in Mauritius.
- Fact: It is not regulated by any legitimate authority.
2. Trading Platform and Account Types: Deceptive and Risky
2.1 The Truth About the Trading Platform
Easy Premier Trades claims to offer support for well-known trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Actual Verification: The TraderKnows team checked the server lists of both MT4 and MT5, and no servers related to Easy Premier Trades were found.
- False Advertising: This suggests that the platform does not provide real, functioning servers, and the claimed support for these platforms is likely fictitious.
2.2 Account Types and Trading Conditions
The platform offers two types of accounts:
- GO Plus+ Account
- Spread: From 0.0 pips
- Commission: AU $3.00 per side
- Standard Account
- Spread: From 1 pip
- Commission: None
Additionally, the platform claims to offer leverage of up to 1:500, which may attract high-risk traders but also significantly increases potential losses.
- Warning: High leverage is extremely risky and can lead to rapid and significant losses, especially in volatile market conditions.
3. Educational Resources: Abundant but Questionable
3.1 Educational Resources Offered on the Platform
Easy Premier Trades lists various educational resources, including:
- Introduction to Forex: A beginner course for those new to Forex trading.
- Margin Call Podcast: A podcast series discussing the behind-the-scenes stories of the Forex industry.
- Inner Circle Webinars: Weekly educational courses and market reviews.
- Trading Strategies & Psychology: Articles on trading strategies and psychology from third-party writers.
- MetaTrader 4 Video Tutorials: A guide to using MT4, aimed at beginners.
- Next Steps in Forex: Advanced courses covering technical analysis and trading systems development.
3.2 Credibility of Educational Resources
- Lack of Authority: These resources lack verification from reputable third parties.
- New Trader Attraction: Although the content seems educational, it may just be a ploy to attract new investors rather than provide legitimate training.
- Risk: Given the questionable nature of the company, the authenticity of these resources should be highly suspect.
4. Payment Methods and Fund Security
4.1 Supported Payment Methods
The platform claims to support various payment methods, including:
- Credit/Debit Cards: Visa and Mastercard
- E-wallets: Skrill, Neteller, Fasapay
- Bank Transfers
4.2 Fund Security Risks
While there are many payment options, the security of funds remains uncertain:
- Withdrawals Problematic: Many fraudulent platforms make it easy to deposit funds but difficult to withdraw.
- Lack of Transparency: The platform fails to disclose details about how funds are stored and the level of security, raising concerns about the safety of investor funds.
5. Website Traffic and Brand Exposure: Low Recognition
5.1 Website Traffic Analysis
According to Semrush, the website receives fewer than 100 visits per month.
- Conclusion: This shows extremely low activity, suggesting the platform has very few real users and little to no brand recognition.
5.2 Template-Based Website Design
The website design resembles that of other known scam platforms like One Click Tradings and Prime Fx Markets, suggesting that the same developer may have created multiple fraudulent platforms.
- Red Flag: The use of generic, scam-like templates further increases the platform’s lack of credibility.
6. White Label Partnerships and Referral Program: Traps in Disguise
6.1 White Label Partnership
Easy Premier Trades claims to offer White Label services, which include:
- Custom MT4 and MT5 platforms
- Risk management and technical support
- Marketing materials for partners
6.2 Referral Program
- Earnings: Referrers can earn commissions by bringing in new clients.
- Suspect: Whether or not commissions are paid remains unclear, but such programs are often used by scam platforms to siphon more funds from users.
7. Conclusion: Is Easy Premier Trades Trustworthy?
Based on the findings:
- False Claims: The platform falsely claims a long-standing history and uses stolen regulatory information.
- Unverifiable Trading Platform: The platform’s MT4/MT5 support is fictional, and its account types raise concerns.
- Suspicious Educational Resources: The educational offerings lack credibility and are likely aimed at attracting beginners.
- Fund Security Risks: The platform does not provide clear details about its payment methods or fund security.
- Low Traffic and Recognition: The site has negligible traffic and minimal market presence, which increases suspicions of its legitimacy.
Conclusion: Easy Premier Trades appears to be a high-risk fraudulent platform that investors should avoid to prevent financial loss.
FAQ: Frequently Asked Questions
1. Is Easy Premier Trades regulated?
No, the platform uses stolen regulatory information from GO Markets, and it is not regulated by any legitimate authority.
2. Does the platform really support MT4 and MT5?
No, after verification, no servers related to Easy Premier Trades were found on MT4 or MT5. The platform’s support for these platforms is likely fictitious.
3. Is the platform safe for fund deposits and withdrawals?
No, there is no clear evidence that funds can be safely deposited or withdrawn, and there are serious concerns about the platform’s security.
4. Can the educational resources be trusted?
The educational resources lack third-party verification and are likely used to lure in new users without providing real value.
5. Why is the platform’s website traffic so low?
The website receives fewer than 100 visits per month, indicating extremely low user activity and virtually no brand recognition.
6. Is Easy Premier Trades a good platform for trading?
No, the platform has numerous red flags, including false claims, unverified platforms, and significant security risks. It is advised to stay away from Easy Premier Trades.