PrestigeOption Broker Review

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UPDATE (25.11.2020):

Prestige Option has shut down their operations.

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Old Review:

Prestige Option has not been around for long and is a newly established binary options broker. It is licensed and supervised by CySEC. They are suited for both, newcomers with no experience, and for experienced traders who have been trading for quite some time. This review is primarily for all traders who want to gather information about this prospective broker.

Basic information:

Online since: 2020
Jurisdiction: Cyprus
Software: TradeSmarter
Max Returns: 88%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: Unlimited
Currencies: USD, EUR
Mobile: Yes
Countries: All nations except USA

– Licensed by CySec
– Offers many different account types
– No maximum investment

– Doesn’t accept the traders from the US

7 Binary Options Rating:

Prestige Option Account Types

To be able to keep up with the competition in the vast options world, brokers have to offer some perks and extras to traders. Prestige Option is highly competitive by offering five account types to cover the different traders’ levels. Check out the features of these account types below.

Bronze Account

  • The minimum required deposit is $500
  • Economic information
  • More than 100 tradable assets at disposal

Silver Account

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  • Requires $2500 as minimum deposit
  • Economic information
  • More than 100 tradable assets at disposal
  • Market review on a weekly basis
  • Financial management plan for newcomers
  • Basic video tutorials

Gold Account

  • Requires $10,000 as minimum deposit
  • Economic information
  • Market review two times a week
  • Autochart list access granted
  • Financial management plan (intermedium)
  • A total of 3 training sessions
  • Advanced video tutorials
  • All advantages from the Silver Account are also included

VIP Account

  • Requires $50,000 as minimum deposit
  • Economic information
  • More than 100 tradable assets at disposal
  • Advance video tutorials
  • Market reviews on a daily basis
  • Financial management plan (advanced)
  • Strategix access granted
  • 2% of dividend payment

Platinum Account

  • Requires $100,000 as minimum deposit

As we can see, Prestige Option does not lack a variety of choice when it comes to account types, but also you probably have noticed that no benefits are provided for the Platinum Account. That might bother some traders who want to have complete information on this issue, without having to contact the broker or the account manager. If we consider the minimum deposits, many traders will probably think that they are too high when compared to other binary options brokers which usually offer accounts from $250, as opposed to the lowest minimum deposit of $500 offered by Prestige Option.

The broker also offers risk-free trades which can go as high as 100%. If the trader has a winning trade, they can withdraw the profit anytime they want. If they have a losing trade, they can get their invested deposit back, but only after trading

The maximum return rate with Prestige Option is around 88%, whereby with Strategix (offered with the VIP account) it skyrockets to 320%.

Prestige Option Trading Platform

Prestige Option opted for a platform not frequently used by other brokers. The platform is called TradeSmarter, and just because it is not used by the majority, does not mean that it is lower in quality. TradeSmarter actually offers a great interface which is very convenient for the traders.

As a trendy new options broker, Prestige Option also offers a mobile trading app for traders who like to trade on the go. The mobile app differs in design because the phone display is smaller. The app provides for the advanced and simplified screening options and traders can choose which one to use. If they want to see more data and focus on details, they will opt for advanced screening, of course. The app is available in 14 languages and includes social trading as well.

The options offered by Prestige Option are somewhat limited including only Startegix, turbo options, pairs, and high/low trades. Their website is therefore very user-friendly and information can be easily found because of the convenient drop-down menu.

Screenshot

Prestige Option Support Information

Prestige Option has a multilingual website including French, German, and English. Prestige Option hopes for international customers who speak other languages and translated the website to the other two mainstream languages.

The Prestige Option customer support can be contacted via different communication channels. First of all, they offer an online form on their website, as well as live chat, phone contact, and e-mail. On their website, they also announced that contacting via e-mail is more suitable for general information.

For the purposes of this review, we tested customer support efficiency and contacted them via live chat. The results were positive given that they answered our request within minutes. Not only did they answer fast, but they also provided relevant information.

As many other brokers, PrestigeOtion has also a training or educational center which the traders can use to educate themselves. The training center consists of webinars, glossaries, video tutorials, literature. What is worth mentioning is that the majority of the educational resources are not available to traders who did not make a deposit.

Prestige Option Payment Methods and General Company Information

Prestige Option also offers abundant payment possibilities and accept different payment methods. The range of payment methods offered by the broker can be found below:

  1. Bank transfer
  2. Credit Cards: Visa, Maestro, MasterCard, JBC, and Diners Club
  3. E-wallet: Skrill/Moneybookers
  4. Local payment methods: CashU, iDeal, LightStream, Bancontact, Qiwi, WebMoney

The required minimum deposit for all of the above payment methods is $100, except for bank transfer. Bank transfer requires a minimum of $500. When it comes to withdrawals, they are possible without any limitations since no minimum withdrawal requirements exist. Also, the broker does not charge any additional fees on deposits and withdrawals, but it is always possible that third parties will charge fees independently from the broker (e.g. banks).

It takes 5 business days to process wire transfers and online payments, while it takes 10 for credit card withdrawals. Before sending a withdrawal request, make sure to verify your identity by sending requested documents.

As we said, the broker is under the supervision of CySEC (no. 296/16), and in the ownership of Leadcapital Markets Ltd.

Additional information

Customer Service: phone, e-mail, live chat, website contact form
Languages: French, English, German
Trading Options: High/Low, On Demand (60 Sec), One Touch, Range
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 30 and 60 seconds, 2,5, and 30 minutes, 1 hour, 24+ hours, end of day, week, month
Deposits and Withdrawals: VISA, Mastercard, Maestro, Wire Transfer, Bancontact, CashU, iDeal, WebMaster, Qiwi, Skrill Moneybookers
Withdrawal Time: 5-10 business days
Demo account: Yes

7 Binary Options review: Prestige Option: 4,5 stars.

Prestige Option Broker Review

Prestige Option is now ceased trading and is no longer accepting any new clients.

Prestige Option offers a range of excellent bonuses for new clients at all levels of experience and their trading software is cutting edge and extremely easy for both new traders and experienced investors alike. Their customer support is available around the clock and can be contacted via a number of methods and there are more than 100 different assets available for trading.

Review Overview

Bonuses – 80%
Software – 90%
Customer Support – 85%
Options Choice – 60%

Good quality broker

Summary : Trusted broker

Intro

Prestige Option is an inclusive online binary options broker that offers a range of account types to suit all kinds of clients from the complete novice to the seasoned professional. There are five types of account, from the basic Bronze level account up to the VIP and platinum accounts which come complete with a host of perks and benefits. This broker offers an innovative and secure trading platform as well as an excellent level of customer support and there are some impressive additional features that make this binary options broker an option worth exploring.

Company Information

Prestige Option is a CySEC regulated and licensed broker that is part of the brand Lead Capital Markets Ltd and is certified by the EU’s MiFID and ESMA for the clients’ complete peace of mind. Operating a strongly encrypted trading platform and segregated client accounts, customers can rest assured that their personal and financial details are kept in safe hands.

Assets Available

Although there is no defined list of the available assets offered by Prestige Option, this broker states that they have more than 100 different assets available for trading across the categories of currencies, commodities, stocks, indices and pair.

Bonuses & VIP Programs

Prestige Option offers excellent bonuses to clients at all levels, offering welcome bonuses to newly registered clients who open any one of their accounts. Clients who open a Bronze level account can benefit from a 25% bonus, Silver account holders receive a 50% bonus, Gold level account holders receive a 75% bonus and VIP account holders receive a 100% bonus. There is also a top level Platinum account which benefits from a range of perks and which is accessible by invitation only. VIP account holders also receive a host of other advantages including an advanced money management plan, a daily market review, a 2% dividend, a greater choice of options and access to binary option signals.

Mobile

Prestige Option offers a convenient 100% internet based trading interface which allows seamless and speedy access as well as fast trade execution without the need for any installations or downloads of memory intensive software. This also means that traders are not tied to their PC and can access their trading account and place trades from any internet enabled device as long as they are connected to the web from any location in the world and at any time. They also offer their own iOS and Android mobile app which allows clients to trade from the palm of their hand no matter where they are in the world. These apps can be downloaded free of charge from the Apple Store or Google Play store or from the company’s own website.

Deposits and Withdrawals

Prestige Option offers an extensive range of payment options for making account deposits and withdrawals. These include:

  • Visa
  • MasterCard
  • Bank transfer
  • Skrill
  • JBC
  • Maestro
  • Diners Club
  • Moneybookers

Deposits can be made in either US Dollars or Euros and there are no fees levied on any deposit or withdrawal, however a deposit via bank transfer has to have a minimum amount of $500. Making a withdrawal is very simple, however the broker must be provided with proof of addresses and identification and the processing time is very short, within 48 hours. Funds are made available to clients within 5 working days and all technology is completely secure.

Customer Support

The Prestige Option client support team can be contacted via several methods to respond to queries and to resolve any issues which may occur.

The website has a frequently asked questions section so that clients can immediately get an answer to all of the most common basic queries which are regularly posed.

Support is available 24 hours a day and there is also email supported provided in multiple languages for the benefit of clients around the world.

Extra Features and Resources

Prestige Option offers several interesting features that makes this broker stand apart from the crowd. These include:

  • Option refund – a risk meter can be scaled which makes that clients can choose a smaller payout in return for a return of any losing premium should their trade finish out of the money
  • Pro Trading Platform – this offers advanced tools through the StrategiX area
  • Special trade features including hedge, double up and roll back for better control
  • Signals service – auto chartist tools delivering 200 – 200 signals daily

Verdict

If you are considering choosing Prestige Option as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:

  • Cutting edge trading software that is suitable for use by both experienced and novice traders
  • 100% online trading interface requiring no installations or downloads
  • Instant customer support via the live chat facility
  • E-Wallet deposit and withdrawal methods
  • Multilingual support
  • Strong SSL encryption
  • Excellent range of special features including trading signals
  • Option refund facility
  • CySEC regulated and licensed for peace of mind
  • 88% returns
  • 24 hour customer support
  • Over 100 assets for trading
  • VIP accounts with extra benefits
  • Bonuses available
  • Multilingual support only available via email

Can I trade with Prestige Option using my mobile device?

Increasing numbers of traders are choosing to execute trades from their mobile devices like smartphones and tablets on a regular basis, so companies like Prestige Option are mobile optimising their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet enabled device through the provision of a 100% web based platform. As no software needs to be downloaded or installed, it is possible to use the online trading interface on any type of Android or iOS device from anywhere in the world. They also have mobile trading apps for Apple and Android tablet and smartphone users which can be downloaded free of charge and which allow even more convenient trading and account access when away from the office.

Does it cost anything to register with Prestige Option?

It does not cost the client anything to register with Prestige Option and there are no hidden costs or fees to worry about.

Can I use any e-Wallet methods for payment?

Prestige Option accepts a wide range of payment methods for both deposits and withdrawals and clients can use traditional options such as bank transfer or credit and debit cards, or more up to date online methods if this suits their preference. Skrill and Moneybookers are two such options which are currently offered by this company.

What account types are offered by Prestige Option?

There are 5 account types offered by Prestige Option including:

  • Bronze – this account requires a $500 minimum deposit and allows a minimum trade of just $10 making this an ideal account of novices. There is a 25% for newly registered clients and there are over 100 assets available to Bronze account holders
  • Silver – this account requires a minimum deposit of $2500 and newly registered clients receive a 50% bonus. Account holders also benefit from a weekly market review as well as 2 training sessions and video tutoring.
  • Gold – by putting down a minimum deposit of $10,000, Gold members will receive a 75% bonus and will benefit from advanced video training as well as an additional weekly market review, a money management plan and an extra training session.
  • VIP- this account for those with a minimum deposit of $50,000 gives newly registered clients a 100% welcome bonus as well as an advanced money management plan, a 2% dividend, a daily market review, access to more options and access to binary signals.
  • Platinum – this account is by invitation only and offers a host of benefits to Prestige Option’s highest value clients.

Prestige Option Scam Test 2020

Prestige Option Scam Test 2020

Although a relatively new broker, Prestige Option is highly respected and its brand is increasingly gaining popularity among binary options traders worldwide. However, when a broker is new, some traders tend to shy away from opening an account with them because they are afraid that it might be a scam. Fortunately, we are here to ensure you make the best choice possible when choosing your trading partner. That is why we have run a thorough Prestige Option Scam Test 2020 just to ensure you and your money are not exposed to any kind of danger. The results are here below.

Prestige Option Scam Test 2020 | Licensing and Regulation

The easiest way to expose your money to unwanted risk is by trading with an unregulated broker. That is why we begin this Prestige Option Scam Test 2020 by assessing the regulation and licensing of this broker. Prestige Option is a brand under the company named Lead Capital Markets Ltd. This CIF, or Cyprus investment firm is licensed and regulated by the CySEC, the foremost regulator of binary options in the world, under license number 227/14. It is also certified by European Union’s ESMA and MiFID. Our Prestige Option Scam Test 2020 also found that the broker has achieved licensing from regulatory agencies in other jurisdictions such as Italy’s CONSOB, Germany’s BaFin, UK’s FCA, France’s REGAFI and Netherlands’ AFM. Brokers that have achieved such a high level of regulation in binary options are hard to come by, and for that reason Prestige Option get a huge seal of approval from us for leading the way.

Prestige Option Scam Test 2020 | Trading Platform

The next step in our Prestige Option Scam Test 2020 is the trading platform. Most scam brokers manipulate their trading software to generate losing trades. This might involve displaying unreal or delayed price quotes, or influencing prices around strike prices or expiry times. This, however, is not the case with Prestige Option. The broker uses technologically advanced and totally reliable, transparent and trustworthy TradeSmarter software. Since Prestige Option is highly regulated, its platform is subject to random checks by the various regulatory bodies to ensure they always offer transparent prices to traders at all times. Additionally, the platform is packed with amazing functional features such as Auto Chartist, which generates plenty of technical signals for traders, as well as StrategiX, which enables traders to trade their favorite assets in a variety of profitable ways, but you can read more about that in our Prestige Option Review 2020. You can even test everything out for yourself by opening a Prestige Option Demo Account. All in all, we can safely say that Prestige Option’s platform is genuine, intuitive and above all, very safe.

Prestige Option Trading Platform

Prestige Option Scam Test 2020 | Deposit and Withdrawal

This Prestige Option Scam Test 2020 would be utterly incomplete without an assessment of the broker’s payment methods and system. In fact, deposit and withdrawal can make or break a brokerage firm in the binary options industry. A simple search online will reveal the many dissatisfied traders who have not been able to withdraw their funds. When it comes to banking, Prestige Option will exceed your expectations. To start with, this broker uses the latest 128 SSL encryption technology and manages all transactions via the industry best Level 1 PCI international payment service. This not only ensures safe and secure banking, but it also protects traders from identity theft.

Prestige Option Deposit Methods

Traders can safely make their deposits in either euros (EUR) or US dollars (USD), using a variety of convenient methods that include credit/ debit cards (MasterCard, Visa, Diners Club, Maestro and JBC), a variety of eWallets, such as Skrill, and secure bank wire. Prestige Option does not trouble you with any fees when you are making any deposit or withdrawal. To make a Prestige Option Withdrawal, you will need to provide the broker with proof of identification and proof of your address. All withdrawals are processed within 48 hours and after that, your funds will be available to you in no longer than 3-5 business days. By using the latest and secure technology, as well as offering safe and convenient payment methods, Prestige Option excels impressively in our scam test.

Prestige Option Scam Test 2020 | Customer Support

Customer support is one of the most important offerings of a broker and that is why it is assessed in this Prestige Option Scam Test 2020. Scam brokers will usually offer great support when new customers inquire about their services but as soon as a deposit is completed, support is dodgy and unreliable. This was not the case with Prestige Option as all our queries from registration and payments, to trading resources and platform navigation, were answered to our satisfaction by their warm, friendly, responsive and professional staff. In addition, they offer support in multiple languages and can be contacted around the clock via live chat, phone and email. Regarding customer support, they performed admirably in this Prestige Option Scam Test 2020 and there is nothing to raise any suspicions.

Prestige Option Scam Test 2020 | Feedback

There is no better way to wrap up this Prestige Option Scam Test 2020 than seeking the views of the broker’s clients. We assessed trader feedback from all types of account holders and we were very amazed. Apart from a few traders who lost their money due to their poor decision making and then try to blame the broker for their mistakes, there are no reliable comments that point to the conclusion that this broker is a scam. While the lack of any serious negative comments can be attributed to Prestige Option being a relatively new broker, it also largely proves that traders are happy with the brokerage services they are receiving.

Prestige Option Education Center

Prestige Option Scam Test 2020 | Conclusion

As our exhaustive Prestige Option Scam Test 2020 has shown, there is nothing to get leery about this broker. They are multi-regulated and use the latest technology to secure transactions on their site. They also use a superior trading platform that comes with numerous handy functionalities. In addition to offering honest and transparent methods of trading, they also provide outstanding customer support which explains why their traders only have good words for this company. Sign up with them and explore a whole new world of binary options trading.

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