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Prestige Option Broker Review
Prestige Option is a binary options broker that was started just this year. It is owned by Leadcapital Markets Pvt. Ltd., and is based out of Cyprus, a country famous for its extremely reliable brokerage firms in the trading world. It follows suit with a lot of other brokers, in that it doesn’t allow for traders to conduct business from the USA, but it supports almost every other country out there.
It is renowned already for its really awesome trading platform, its reliability and its fast payouts. For a new company, they have really taken off in style, and their website says this as well. Is this fledgling broker one that you should place your trust in? Here are the first and best impressions of the broker and its services.
Tons Of Perks And Features
There are many cool features that were noticed while reviewing this broker, such as the fact that there is a wide range of assets and tools available for all traders working with them. There is even a prediction tool to predict losses if they do occur.
There is really good customer support with live chat around the clock, and a completely free introduction course to the trading game. The customer support extends to emails and phone calls as well.
Traders can profit off both market rises and falls, using the high/low feature on the platform, and all of the assets are constantly available as well.
We all know the hassle of downloading third party tools and applications to help us trade. Well, this broker actually has everything on their site, meaning that there is no need for additional software to be downloaded unless you actually want to.
There are 5 account types available, and like the name are very prestigious indeed.
- Bronze – For deposits of $250 or more. There is a 25% bonus, along with access to over 100 assets for trading, and access to live economic calendars and market updates.
- Silver – For traders who deposit over $2500, it includes a 50% bonus, 2 free training sessions for beginners, a weekly market review, and access to videos for further training.
- Gold – This is the most popular option with deposits of $10,000 or more. It has a 75% bonus, access to 3 free training sessions, and a twice-weekly review of the market too.
- VIP – For investors with over $50,000 in the deposit. This has a 100% bonus, access to unlimited training, daily market reviews and allows for you to take an advance withdrawal as well.
Last is the Platinum account, which is invite only and is reserved for the 1% of people who can deposit over $100,000. To get a platinum account, you have to talk to your personal account manager when you have an account with Prestige Option.
Is It A Reliable Broker?
This is the question that a lot of traders ask. Yes it is. This broker is licensed by the famous CySec licensing body, with the license number 227/14. It is also registered and licensed in a number of other countries in Europe.
Is The Software Good To Use?
They use the software and trading platform known as Trade Smarter. The options offered include Range, One Touch, No Touch, High/Low, and Ladder. The features are easy to access and the different tools are available readily at a moment’s notice.
The website is responsive, meaning that you won’t even need a mobile app to browse through the broker platform and trade with ease. You can switch languages as well, between English, German and French.
Trades start at a minimum of $5, and the smallest trade lasts for 60seconds. The maximum size of a trade is $5,000 per trade. The smallest initial deposit that you can make is $250 for the bronze account. Trading signals are also possible, using the Trade Chartist feature.
Payouts Are Fast and Efficient
You can fund your account using credit cards, bank transfers, local payments, and global pay options. Withdrawals are fast as long as you provide them with a valid form of ID such as a photograph, further increasing the level of security of the broker.
Thinking about the right broker to invest with is tough. With Prestige Option, it becomes a lot easier. As long as you aren’t from the US, this fully licensed broker is secure and easy enough to convert any trader at all!