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.

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.

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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.

• Live Chat
• Telephone
• Email

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:

Pros

• 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

Cons

• Multilingual support only available via email

FAQ

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.

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