Ridiculous required turnover at Premium Tradings

[Poisec]

I was interested to use Premium Tradings as they are among the few accepting payments by bank transfers.

However the following is a huge turnoff:

In case you decide to make a full/partial withdrawal of your available funds after you first ever deposit, you need to make sure you have accumulated a total activity of at least 20 times the amount of that deposit. Otherwise, PremiumTradings reserves the right to charge you with the deposit fees cost of 10% of your first deposit amount.


For a disciplined bettor betting an average 5% of his bankroll on each bet, that means 400 bets to avoid the 10% fee. Ridiculous.
I bet many of their users never cared to read their terms and conditions and will get screwed the first time they ask for a withdrawal.
As far as I know, most brokers I have used require a one time rollover (Easysportbet, AsianConnect).


By the way Premium Tradings charges you 50 euros for a bank withdrawal even if you respected the 20 times rollover condition

[Alfie White]

Another one to avoid, terrible.

Bank transactions are virtually free nowadays, so for them to charge €50 is very bad practise. Thanks for reporting.

[dealer wins]

I use them, and have never had an issue as I easily do 10x turn on any deposit, but I do agree it is a bit excessive.

I would say that a 2x turn on deposits would be fairer, especially as they charge for Ewallet deposits.

[ClippersSux]

I haven't heard of Easysportbet. How's your experience been with them?

[Optional]

I use them, and have never had an issue as I easily do 10x turn on any deposit, but I do agree it is a bit excessive.

I would say that a 2x turn on deposits would be fairer, especially as they charge for Ewallet deposits.

Would not affect you.

It's only once on your first deposit.

20x does seem a bit over the top though.

[dealer wins]

They still expect 10x rollover on subsequent deposits, which is also excessive.

I have however never had an issue in many years using them, and they are always helpful, extremely quick to respond to emails/live chat, and both deposits and withdrawals processed quickly.

[Optional]

They still expect 10x rollover on subsequent deposits, which is also excessive.

I have however never had an issue in many years using them, and they are always helpful, extremely quick to respond to emails/live chat, and both deposits and withdrawals processed quickly.

Even though that term specifically points out it is for first ever deposit?


Surprised many players would deal with that.

[BrickJames]

They obviously hate people who hit and run.

[lonnie55]

They obviously hate people who hit and run.

Brokers are not designed for short-term usage

20x turnover is ridiculous though

[BrickJames]

Brokers are not designed for short-term usage

20x turnover is ridiculous though

Just on the first deposit. 10 * on additional deposits.