Prestige Option Review

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Prestige Option Review

Prestige Option Review

This page contains a detailed review of the ‘Prestige Option Binary Options Trading Platform‘.

Prestige Option Executive Summary

Prestige Option

Welcome bonuses between 25% and 150% depending on the type of account

Prestige Option Review

Although binary options’ trading is relatively new, having only been available to the public from 2008, this type of trading has quickly become very popular. The main reason for this popularity is because binary options trades are generally low-risk compared to more traditional investments, while at the same time offering the potential for high rewards.

Because of the wide range of tools and resources offered and an array of features available on their platform, Prestige Option has quickly established itself as the broker of choice for those who want to get started trading in binary options. In addition, if you are a pro trader, Prestige Option offers all the tools, services and features required to succeed in the trading arena.

Prestige Option – User Friendly

Before settling on a broker, every trader should consider how user-friendly the broker’s website is. As soon as you enter the Prestige Option website, it is immediately clear that a lot of effort has been put into giving it a modern design and easy navigation. The entire website is well organized, with all links on every page fully functional and positioned intuitively to ensure that, despite the huge amount of information available, the trader can always locate what they want with ease.

All that a trader needs in order to transact on the website including account opening, trading platform, their banking options, available assets and educational resources are simple to locate on the Prestige Option website. Placing a trade on the website is also extremely simple and is a stepwise process that even new traders will have little trouble with.

Prestige Option – Assets & Expiry Times

Prestige Option provides all types of traders with a wide variety of underlying assets to trade in for both the short term and longer term. With this broker, every trader has access to a huge selection of more than 175 assets to choose from. These assets are classed in four categories that should be familiar to binary options traders: stocks, indices, commodities and currency pairs.

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All these asset classes are only useful as traded instruments when they are combined with a selection of risk management tools and varied expiry times for each trade. Double-up, Roll over and Sell early features can be used by traders to mitigate their risks while using the appropriate short, medium and long term expiry times.

Prestige Option – Super Trader TV

When it comes to innovation, Prestige Option takes first place. The broker offers an exclusive and unique Super Trader TV which is freely available to registered traders only. Super Trader TV offers access to a daily live TV broadcast covering important topics such as Market Action, Money Flow and many more. In addition, traders can view the wide range of live videos which cover a vast selection of topics including Education, Trading Tips, Assets Index, Economics, Tactics and Analysis, Practical Trading and the Economic Calendar.

Each topic is then divided into a choice of videos to enhance one’s understanding of binary options. For example, the Education videos are geared to assisting a trader to learning how to trade. Traders are taken step by step through the trading process including details of each trade option available on the Prestige Option trading platform. In addition, these videos and the Super Trader TV program are suitable for both new and advanced traders.

Prestige Option – Education Center

While it has been said that anyone can trade binary options, the fact is an educated trader is a successful trader. It is for this reason that Prestige Option offers its traders a comprehensive education center which has a wealth of trading information and tools. Traders can access the vast choice of trading videos which are directed at both beginner and advanced traders. Topics covered in the e-Video library include binary options advantages, chance and risk, support and resistance and many more. In addition, Prestige Option also offers a range of videos on economics and detailed videos on their trading platform.

In-depth courses are also available which cover vital topics such as trading psychology financial management, market analysis and more. To assist their traders even more, Prestige Option also provides their traders with free access to a binary options eBook as well as a platform eBook. Traders can also use the brokers detailed FAQs and glossary sections as well as the Economic Calendar which is provided on the site.

Other effective tools available include a Fibonacci calculator as well as a Pivot calculator. Another effective trading tool is the trading signals which Prestige Option provides regarding potentially profitable trading opportunities. No matter if you are a professional trader or a novice, everything you need to be educated about binary options trading can be found under the Prestige Option education umbrella.

Prestige Option – Deposits & Withdrawals

For every trader, the ultimate aim is to earn a profit which they can then withdraw. Luckily, the process of requesting withdrawals from this broker is quick and painless, and should be familiar to anyone who has carried out any type of financial transaction online.

Traders on this platform are offered a variety of secure payment methods to suit their needs. There are the standard credit cards such as Visa, MasterCard and Maestro, direct wire transfers to traders’ bank accounts and secure e-wallet services such as Neteller, Skrill and Ukash. The use of encryption in all transactions online ensures that the security of traders’ personal information is guaranteed.

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UPDATE (25.11.2020):

Prestige Option has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

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Try also Binary Option Robot if you are looking for automated binary trading.

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

  • 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.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
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