Prestige Options is a relatively new Binary Options Broker who made its appearance online in 2016. It’s supervised and licensed by CySEC and uses a progressive and cutting edge trading platform from TradeSmarter; the leading platform provider in the market. Their platform and interface is user-friendly, providing a simplified trading environment for all traders even the most inexperienced.
Prestige may not have a lengthy online reputation, but they have established a higher payout rate than their rival trading brokers. Even the most novel traders can receive an 85% return on their investment. Providing traders with over 100 different global assets, various trading options, and several expiry times, allows traders the ability to diversify their portfolios and turn every trade into a gain.
Although Prestige’s trading services are not available in the USA, they do offer their services to all other countries. Making it one of the very few trading brokers to offer their services to almost every country.
Prestige Account And Bonuses
Traders have access to several account options when they choose to become a trader. Each account offers special bonuses and features allowing traders to customize their experience. The first account option is Bronze and offers traders a 25% bonus. If traders decide to move up to silver they receive a 50% bonus and access to basic training videos, a weekly market review, and two free training sessions.
The next level is gold, where traders will get a 75% bonus, two weekly market reviews, advanced training videos, and access to 3 training lessons. At the titanium level, traders will get a 90% bonus, a weekly market review four times a week, advanced training videos, and 5 free training sessions. Plus, titanium level members get a 3% higher payout.
At the VIP level, traders get the highest bonus of 100% and a 5% higher payout. They will also have access to unlimited training sessions, advanced training videos, special concierge services, and daily market reviews. Afterwards, traders can eventually reach the platinum level by invitation only.
Prestige offers several different trading options for traders. Having over 100 global assets such as MacDonald’s, Twitter, and Ebay. They also offer various indices and commodities to choose from. Traders also have the ability to trade pairs if they want to step away from traditional trading. This is where traders decide which company is going to do better than the other before the expiry time ends. Pair trade examples consist of established companies like Amazon vs eBay and Twitter vs Facebook.
Prestige also offers other forms of trading like high or low trades, startegix, and turbo options. In addition, the trading process is broken down into a three-step process making it easier for traders at all experience levels. It starts by choosing the asset, picking the desired expiry time, and then deciding the markets direction.
Besides the variety of trade options, traders also have access to more expiry times then competing trade brokers. They offer short-term expiry times between 30 to 60 seconds up to 24 hours. For trading in the long-term, there are expiry times ranging from a few days to several months.
Prestige Options Features
Prestige Options offers traders with more than just a reliable trading platform. They also offer educational resources to aid every trader in making all of their trades profitable. Every account holder will be up to date with essential economic information and news that’s at their disposal 24/7. Even more so, traders have access to free training sessions, tutorials, training videos, and how to guides.
By using Tradesmarter as a platform provider, traders will have access to many different trading innovations like asset charts. These charts provide statistical facts to traders allowing them to make a better informed decision on their trades.
More over, there are no software upgrades or downloads necessary, unless traders want to trade on the go with the mobile app. While the website has several different currencies and 3 different languages, the mobile app has 14 different languages to choose from and a broader currency options. The website has a smart phone and tablet responsive interface allowing for trading no matter what device traders are on.
The Withdrawal Process
Prestige allows traders the ability to withdrawal their funds anytime without incurring any penalties. There is no minimum withdrawal amount and there are no fees to withdrawal money from a trader account. However, there will be a small processing fee applied to traders who withdrawl their money using a wire transfer.
Withdrawals can be made using the same credit card that was used to deposit money into the account. Funds deposited onto a credit card cannot exceed the initial amount deposited with the credit card. Should the amount exceed the initial deposit amount, the remaining amount can be transferred to the traders bank account.
Once a trader has requested a withdrawal , it takes approximately 48 hours for the finance department to verify the withdrawal form. Afterwards, it’ll take between 3 to 5 days for the trader to see their funds in their account.
Traders can feel confident knowing their deposits are secured and protected through Prestige’s encryption software. There is no cap on how much a trader can deposit into their account. However, in order to begin trading, traders must deposit €250 into their account. Deposits are made in Euros and will be converted into the traders currency using the International Exchange Rate.
Prestige offers several different deposit methods including wire transfer and credit cards. Deposits can also be made using certified e-wallet online transfers through Skrill, Moneybookers, CashU, Bancontact, and iDeal. In addition, Prestige does not charge any fees for using any of the deposit methods.
Prestige Options Customer Service
Prestige options strives to offer all of its traders with the support and help they need. Every trader has access to experienced advisors via email, online chat, and by phone 24 hours a day 7 days a week. In addition, they offer professional training to all traders for free, allowing traders to learn the ins and outs of trading without having to pay a dime.
Traders will also have access to their own account managers who are available to help them when they’re needed. These account managers can help traders with any questions or concerns they have on their account, aid in the withdrawal and deposit process, and help traders if they have trouble using any aspect of the website.
Prestige Options shows their appreciation to their loyal customers by offering them the refer a friend incentive. Any and all customers who refer a friend to Prestige will receive a bonus in their account. In addition, their friends will also receive a $50 bonus in their account just for becoming a member. There is not limit on how many friends a trader can invite and the bonus potentials unlimited. Friends referred to Prestige must make their first deposit before bonuses deposited.
In addition, the bonus amount a trader receives for referring their friends depends on the amount of their friends first deposit. For a first deposit of $100 to $250 traders will receive a $50 bonus. Deposits of $250 to $500 traders will receive $100 while deposits of $500 to $2000 will get a $150 bonus. Any deposits made above $200 will give the trader a $200 bonus.