Full Review about PresitgeOption Broker
- Established in: 2015
- Minimum deposit: 250Eur
- Minimun Trade Size: 10 - Short Terms | 25 – For The Rest
- Jurisdiction: Treppides Tower, 9 Kafkasou Street, Aglantzia,5th Floor, Nicosia, Cyprus
- Licenses: CySEC License No - 296/16 , ESMA , MiFID
- Mobile Platform: Yes
- App: Yes (Android and IOS)
- Live Chat: Yes
- Languages: English, French, Dutch.
- Deposit Methods: Deposit Methods – Credit Card ( MasterCard, Visa, Diners Club, Maestro and JBC ), Skrill, Moneybookers, Bank Wire.
- Options refund; Risk o meter (trader can choose lower payout but can get some % back)
- Profits: up to 88%
- Free Signals: Yes
PrestigeOption accepts traders only from the following countries: “United Kingdom, Ireland, New Zealand, Germany, Austria ,Hungary, Switzerland, Luxembourg, Sweden, Netherlands, Norway, Finland, Denmark, Malta, Bahrain, UAE, Saudi Arabia, Oman, Kuwait, Qatar, Hong Kong, Brunei, Taiwan, Iceland, South Korea, Bahamas.
Liechtenstein, Bermuda,Cayman Islands,Gibraltar, British Virgin Islands, Faroe Islands, Spain, Slovenia, Czech Republic, Aruba, Barbados,Slovakia, Lithuania, Estonia, Poland, Trinidad and Tobago, Croatia, Malaysia, Panama, south africa
Designed with the trader in mind, Prestige Option has proven to be the most innovative broker in binary options for the couple of months it has existed. It is a brand of Lead Capital Markets Ltd, which holds a CySEC license number 296/16 and is also registered with the European Union’s ESMA and MiFID. Prestige Option’s popularity has largely grown due to its superior and highly intuitive trading platform that opens up new possibilities to traders in the binary options market. Its customer support is also unrivalled in the industry, while its general product offering is a cut above the rest.
Information about the Trading Platform
Prestige Option is powered by the advanced TradeSmarter platform that allows traders to trade over 100 global financial assets. The asset index includes currency pairs (forex), such as EURUSD, stocks, such as Apple, indices, such as the Dow Jones, and commodities, such as oil as well as Pairs such as Gold vs. Silver. Traders can trade their favorite assets using a variety of contract types that include the standard High/Low options, Touch/No Touch options, 60 Second option, Above/Below options as well as Range options. There is also an integrated social function that allows traders to track and copy the platform’s best performing traders.
There are plenty of other handy features including Auto Chartist that generates hundreds of top quality technical trading signals, helping traders to pinpoint profitable trading opportunities. To minimize trading risks while securing the rewards, traders can utilize the Sell Back, Double Up and Hedge features. Traders can also place demo trades on the platform with ease while logged into the live platform.
The platform has downloadable mobile apps compatible with both Android and IOS. These mobile apps are very robust and have the full functionality of the desktop platform, providing traders with the flexibility and convenience of trading while on the go.
Deposits and Withdrawals
Prestige Option allows traders to make deposits and withdrawals using secure and reliable methods that include credit and debit cards (MasterCard, Visa, Diners Club, Maestro and JBC), eWallets such as Skrill, as well as bank wire transfers. The minimum deposit using credit cards and bank wire is 250 €. In order to access and use the trading platform, Prestige Option has an initial minimum deposit of only €250. New traders will be treated to a bumper learning material, depending on the account type selected. In order to make a trade, traders can invest a minimum of €10 on short term trades and €25 on the other trade options. The broker also offers a payout of 88% on standard trades while the StrategiX options, such as Range and Touch options, offer payouts of up to 328% on successful trades.
Withdrawals are made using the same methods one used to complete a deposit. All withdrawals requests are processed within 48 hours and it takes no more than 3-5 business for the funds to reach the trader.
To ensure safety of both traders and their personal data, Prestige Option transmits all data on their platform using the latest 128 SSL encryption technology, while all transactions are managed by the acknowledged Level 1 PCI international payment service.
Customer Support and Education
As stated earlier, the customer is the main focus at Prestige Option. For this reason, the broker provides plenty of quality resources to ensure traders acquire the right education necessary to build a solid foundation for a successful trading career. From numerous eBooks and an extensive video library, to frequent expert conducted webinars and one-on-one coaching sessions, traders will have more than enough to quench their thirst for trading knowledge and skills. Additionally, there are also daily and weekly technical and fundamental reviews of the markets sent directly to traders’ emails.
Prestige Option also offers outstanding customer support round the clock. Their warm, friendly and highly responsive support team can be accessed anytime via live chat, phone, email or Skype. Phone support is available in both English and Arabic whereas the website can be accessed in English, German or French.
Apart from offering an unlimited demo and the well-loved Auto Chartist, Prestige Option also has the Risk-o-Meter feature that allows traders to customize their own options in order to minimize their risk exposure to the market. Using that feature, a trader can opt for a lower payout rate so as to receive rebates of up to 35% on a trade.
The 24/7 Skype support that allows for one-on-one sessions is also unique to Prestige Option.
Prestige Option offers traders the ultimate trading experience that involves trading on a state of the art platform, packed with handy functionalities. By also operating a safe and efficient payments system as well as offering matchless customer support and trader resources, Prestige Option ensures that traders have the best environment for trading binary options successfully.