Prestige Option is a recently launched binary options broker founded last year in 2015 and it was run by a company called Leadcapital Markets Ltd that has headquarter in Cyprus.
Prestige Option has registered with CySEC and the license number it was given is 227/14. it was also licensed by the FCA in UK with the license number 622533. Besides, Prestige Option is also licensed by ESMA and MfiD.
Trading Platform
Prestige Option offers the web based Trade Smarter trading platform where you can choose from 5 types of options including currencies, stocks, commodities, indices and pairs. The platform states how much payout you will get so that you know the exact amount of profit you will earn. Demo account is available for traders who are interested of testing the features on the trading platform. The expiry time ranges from 60 seconds to 6 months. AutoChartists provides trading signals that can help you to understand more about the market. The AutoChartist feature on the platform is able to deliver 200 – 300 trading signals per day.
The Sell back feature which allows you to sell back your option earlier than the expiry date. The sell back option appears about 30 seconds before the time to the expiry is up. The Double up option allows you to double the size of your investment about 30 seconds prior to the expiry time. The Risk-O-Meter is an option that you can select if you are not confident that you will win the trade and want to receive a higher percentage of refund in case you lose. If you select the Risk-O-Meter option, you will get a lower payout if you win in-the-money.
Trading Account Types
Prestige Option offers 5 types of accounts including Bronze, Silver, Gold, VIP and Platinum. You can open a Bronze account by depositing 500 and opening this account will entitled you to 25% bonus. Silver account can be opened with a minimum deposit of 2,500 and this account will qualify you for 50% bonus. Gold account requires a minimum deposit of 10,000 and it offers you a 75% bonus. The VIP account which requires at least 50,000 deposit to open comes with a 100% matched welcome bonus. The highest level of account, Platinum, requires a minimum deposit of $100,000 and can only be opened through invitation only.
Prestige Option Training Center
The Prestige Option video center has a large collection of videos that teach you on a variety of topics including candlestick analyzing, trading volumes, and money management. It also has a library where you can read online e-books on binary options trading. The videos of the live webinar can be watched for free at the video center. There is a calendar that let you know when the live webinar will take place in case you are interested of attending it.
Deposits/Withdrawals
Customers can deposit through a variety of methods including credit card, Skrill, and bank wire. The minimum amount for credit card deposit is $100 while the minimum amount for bank wire deposit is $500. Prestige Option only accept deposits in US dollar and if you deposit in another currency, it will automatically be converted into US dollar. You are to withdraw the balance in your account through the original deposit method. There is no minimum balance amount that you need to fulfill for withdrawing. Prestige Option does not charge any fee but your bank may charge you a fee if you withdraw through bank wire. It takes about 2 days for the customer support department to process your withdrawal request and verify it. After your withdrawal request has been verified, it will take 3 – 5 days to arrive in your bank account.
Customer Service
The customer support at Prestige Option is available through email, telephone and live chat from Monday to Friday. You can use the web contact form to email the Prestige Option customer department. The customer support is open from 8 am to 8 pm GMT from Monday to Thursday, and 8 am to 1 pm GMT on Friday.
Conclusion
In conclusion, Prestige Option is a reliable broker that is licensed and abide by the international law. The company does not currently have any kind of bad review about scams. The money in your trading account will be safe and you can invest in the binary options market with a peace of mind.
