Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PrestigeOption Broker Review 2019

  • Min. Deposit $250
  • Min. Invest 10%
  • Return 88%

*PrestigeOption is closed, but makes sure to try the sister-brand PrestigeFM!

Due to CySEC’s decision, PrestigeOption no longer provides binary options bonuses!

PrestigeOption is a binary options brokerage company that has a mission to provide practical trading services with a modern and effective approach to trading. PrestigeOption is a relatively new company and according to their site, their mission is to provide first class access for all types of traders, no matter if they are beginners or have previous experience.

It is interesting to know that this broker has a CySEC license (License no 296/16) and according to their site, traders have the opportunity to gain up to 85% returns. Minimum deposit starts with $250 and the minimum investment is only $10. PrestigeOption is available on mobile platform too and traders can contact the broker through various communication channels.  

What we think about PrestigeOption you can find in the further review.  

PrestigeOption Account Features

Due to CySEC’s decision, PrestigeOption no longer provides binary options bonuses!

We are all aware that the better the account types, the greater the options are for traders when registering with a certain broker. In our PrestigeOption broker review, we have analyzed what this broker has to offer and we have found a lot. We are convinced that traders will find the appropriate trading account that will fit their needs and trading strategy.

PrestigeOption offers six different account types for its traders. Since each trader has different trading habits and preferences, PrestigeOption also strives to provide different trading options for its traders with different account characteristics.

For traders who would like to start with the minimum deposit amount, PrestigeOption Bronze Account has a minimum deposit amount of €250. Traders who opt for this account will receive economic info and will have over 100 tradeable assets to invest in.

PrestigeOption Silver Account has a minimum deposit amount of €5000. With over 100 assets, traders will also get 2 training sessions, economic info, weekly market review and basic training videos.

PrestigeOption Gold Account has a minimum deposit amount of €10 000. Traders will get an additional training session with the previous 2 included economic info, twice a week market review, and advance training videos.

PrestigeOption Titanium Account is available for traders who want to deposit a minimum amount of €25 000. With over 100 assets, there will be 5 training sessions, economic info, market review 4 times a week, advance training videos and 1% dividend amount.  

PrestigeOption VIP Account has a minimum deposit amount of €50 000. This account provides unlimited training sessions, economic info, daily market review, advance training videos, 2% dividend amount and special concierge services.  

It is only possible to become a trader with a PrestigeOption Platinum Account by invitation only from the broker. If you want to deposit a minimum amount of €100 000, you can contact your account manager for further information regarding the Platinum Account.

PrestigeOption

PrestigeOption Trading Software

PrestigeOption uses a TradeSmarter trading platform. The platform contains over 100 underlying assets and is able to optimize how they view the platform with features like List View, Box View, and Selector View.

With List View, traders can choose to have all asset types displayed; currencies, stocks, commodities, indices, and pairs. There is also Top Picks tab and Favorites tab. Other features that are included on the PrestigeOption platform are Short-term, Long-term, Risk-O-Meter, and Trader. Short-term has expiry trades of 5 minutes, 2 minutes, 1 minute and 30 seconds.

The long term feature allows expiry times within one or two days.

According to PrestigeOption, Risk-O-Meter is a feature that allows traders to set their own risk levels while trading. Trader option should give insight to all PrestigeOption traders to all call or put executed for available assets on the platform.   

PrestigeOption also provides mobile trading for Android and iOS devices. Traders can download the app and trade on the move.  

PrestigeOption Support Information

PrestigeOptions provides information services on their website in English, German, and French. For traders who would like to contact them, PrestigeOption has a contact form for traders to send any inquiries. They have phone numbers in Cyprus where they are originally located and in Germany.

Their working hours are from 8 am to 8 pm, Monday to Thursday, and from 8 am to 1 pm on Friday. Traders can also contact PrestigeOption Customer Support via live chat on their website. If traders forget their account password, they can choose the “forgot your password” option on their home page log in and they will receive an email with a new password. In case you have forgotten your username, you should directly contact PrestigeOption customer support.

PrestigeOption has an FAQ section where traders can help themselves with some basic information related to binary options trading and this broker.

There is also a PrestigeOption Training Center where traders can choose among Live Webinars, Video Center, E- Book and Glossary.  

PrestigeOption

PrestigeOption Company Information

As we have mentioned on the beginning of our PrestigeOption review, this broker is licensed with CySEc regulation. PrestigeOption is a brand owned by a Leadtrade Ltd that is registered in Cyprus.

PrestigeOption has enabled many payment services in order to provide a great selection of payment options for its clients. Traders that trade with PrestigeOption are welcome to deposit using four different payment options. The first option is to deposit with one of many credit cards: Diners Club, JBC, Maestro, MasterCard or Visa. Minimum deposit with PrestigeOption is $250 and if using credit cards traders need to be authorized to use it for online purchases.

Another way to make a deposit with PrestigeOption is to use some of the local payment methods that are available for traders. Local payment methods include Qiwi, Bancontact, WebMoney, LightStream, iDeal or CashU.

Traders that prefer to deposit using E-Wallets can use Skrill or Moneybookers. In our PrestigeOption broker review, we have found out that broker doesn’t charge it’s clients with any additional fees when they make deposits on trading accounts.

Fourth payment options allow traders to use a secure bank wire to deposit with PrestigeOption.  The minimum bank wire deposit amount is the same as for other three payment methods. According to PrestigeOption policy, traders that decide to deposit through bank wire will have protected personal information and it will be kept safe. Depositing funds through bank wire may apply some additional fees by the bank. PrestigeOption recommends their clients to first contact their bank in order to find out more about possible fees and charges.

Traders are allowed to make a deposit in EUR or other currencies, but it is important to know that in the case of using a different currency, the deposit amount will be converted in PrestigeOption official currency at the international exchange rate on that date.  

When we speak about withdrawal with PrestigeOption, we have found that traders don’t charge any additional charges nor there is a minimum withdrawal amount policy. In order to make their first withdrawal with PrestigeOption, traders have to verify their account and provide some documentation first.

Withdrawal requests are being processed within 48 hours. After the PrestigeOption has validated your withdrawal request, traders will receive their funds within five to ten working days, depending on the payment option.

Traders who trade with PrestigeOption are properly introduced on the broker’s website with the risks regarding binary options trading. There is also the opportunity for traders to educate themselves with more trading details in order to minimize their trading risks.  

PrestigeOption - Review Conclusion

  • New brand launched
  • Closed broker