Prestige Option Review
Prestige Option may be a relatively new name in the binary options trading world, but make no mistake, this broker has quickly established itself as a leading brand in the industry. Every is bit as luxurious as their name might suggest. Prestige Option has successfully created the ultimate binary options trading environment. This environment provides both new and experienced traders with a secure arena to trade. In addition, this top-class broker is fully licensed and regulated, and they offer trading on a state-of-the-art and intuitive trading platform. Traders also have first class access to top quality education, secure banking options, a choice of trading accounts and exemplary customer service.
This review shows how Prestige Option is a cut above the rest, and why they deserve your attention.
License and Regulation
The reason why so many investors trade binary options is because they want to gain access to a variety of global financial markets and to make money. It, therefore, makes perfect sense to only invest your hard-earned cash with a regulated broker. In this way, you are able to have peace of mind when you are trading with a broker that follows the regulations as laid out by the regulatory bodies. To start with, Prestige Option is a brand of Leadtrade Limited. A Cyprus Investment Firm which is licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission). To date, CySEC remains the primary regulator of binary options brokerage firms in the world.
In addition, Prestige Option’s CySEC license is comprehensive. Since CySEC is a member of ESMA (European Securities and Markets Authority), this ensures that the firm is also compliant with MiFID (Markets in Financial Instruments Directive). Aside from CySEC, Prestige Option has also achieved regulation from watchdog bodies, such as France’s REGAFI, Britain’s FCA, Italy’s CONSOB, Germany’s BaFin and Netherlands’ AFM.
Trading with Prestige Option, as a regulated broker, is positive for traders since it ensures that their funds are held in segregated bank accounts. These accounts are completely separate from the brokerage firm’s working capital accounts. Regulated brokerage firms are also obligated to stick to fair pricing guidelines and they are always put through random platform tests. This to ensures that they offer fair and transparent price quotes across all their tradable assets. Trading with a regulated broker is also very important because in the unlikely event of a conflict between you and your brokerage firm, you will be assured of fair and just treatment by an independent agency, whose primary objective is to look out for the interest of investors.
A trading platform is your gateway to the exciting world of binary options trading. When it comes to trading platforms, Prestige Option will exceed your expectations and it accommodates both new and experienced traders. The professional and highly advanced platform on the broker’s site is powered by the revolutionary TradeSmarter software. It allows traders to place trades on over 100 financial assets that include currency pairs, stocks, indices, commodities and even pair options. These assets can be traded using a variety of lucrative contracts that include the typical Call/Put or High/Low options as well as Short Term options.
Prestige Option also offers a StrategiX trading platform. This platform allows traders to trade money-spinning contracts, such as Above/Below options, Range Options and Touch/No Touch options that can pay out as much as 328% on successful trades. The broker’s platform is highly intuitive, user-friendly and easy to navigate.
Pro trading platform
In addition, there is also a new Pro trading platform. This platform enables traders to trade their favorite assets with access to detailed price charts. From the Pro platform, traders can also access a collection of video tutorials, which provide step by step details of how to trade. These include important topics such as how to select an asset, choosing an expiry time, how to trade and much more.
Prestige Option has partnered with multiple liquidity providers, which ensures that its platform streams live interbank prices in real time as well as guarantees best order execution – the price you see, is the price you get. However, it is not only about placing orders at Prestige Option; there are plenty of trading tools and features to help traders perform quality analysis on their favorite assets. To start with, there is the option to view your charts in line or candlestick bars form. Line charts help traders map out definitive support and resistance areas, while candlestick charts give traders much more information about price action.
There is also the Auto Chartist feature that delivers numerous high quality trading signals to traders throughout the day. Auto Chartist scans the market and delivers automated alerts when chart patterns coincide with technical support and resistance price levels.
The platform also has a sentimental analysis tool. This Trader Sentiment, can help traders determine the overall bias in the market among traders. To help you manage your risks, and to set your risk/reward ratio on a trade, there is the Risk-O-Meter. Prestige Option also provides other features such as Sell Back (which allows trade exits before expiry) and Double Up, which allows a trader to create a duplicate on an existing trade, so as to boost the payout.
If trading feels lonely, or you want to see how other top traders are performing, Prestige Option has a social function integrated into their trading platform. The feature allows traders to interact with fellow traders. There is also the opportunity to track and copy the trades of the best performers in the platform.
Prestige Mobile Option Apps
For convenience, Prestige Option also offers complimentary mobile platforms. This allow traders to place or monitor their trades at any time and from anywhere using smartphones. The mobile platforms, are compatible with both Android and iOS operating systems. They have the full functionality of the desktop version and help traders to trade while on the go.
Prestige Option demo
The Prestige Option platform is truly robust, but do not take our word for it. You can try it out for free through the Prestige Option demo. Prestige Option offers a free and unlimited opportunity to try out their platform. And you do not even need to sign up with them to simulate binary options trading with them. Just head over to their site, click on the ‘Trade’ tab and select ‘Demo Trade’. You will then be able to enjoy unlimited trading on their superior trading platform without putting any money on the line.
Binary options trading is very dynamic and fast paced. In such an industry, the only way to guarantee longevity is through education. Prestige Option understands this, and that is why it provides the most comprehensive and updated educational materials in the industry. Their ‘Training Center’ has an all-encompassing educational offering that can help all types of traders advance their trading knowledge and skills. New traders can learn the basics of binary options trading by going through their detailed Glossary, the ‘How to Trade’ tab as well as the free ‘Basics of Binary Options Trading’ eBook. On the other hand, experienced traders will definitely enjoy the numerous advanced strategies’ eBooks available in their online library. There is also a video collection of educational materials that will be of use to all types of traders.
Additionally, Prestige Option has a competent group of resident experts that organize and conducts resourceful weekly and monthly live webinars. Traders can glean from their insights for free and they will always be notified in advance in case there are any webinars scheduled. Aside from this, traders also receive daily pre-and post market analyses from the experts.
Another great resource offered by Prestige Option is the Economic Calendar. This Calendar helps in tracking economic and political events or news releases that might have an impact on price movement in the market. The Prestige Option Economic Calendar outlines the important events or news scheduled for release in any particular trading day. It also highlights the impact it is likely to have on the underlying financial asset. Economic news remains the biggest catalysts of price movement in binary options. The Prestige Option Economic Calendar can help traders take full advantage when their releases are due.
Prestige Option operate a safe, secure and highly efficient payments processing system. Traders can deposit or withdraw money from their trading accounts using a variety of safe and convenient methods, such as debit/credit cards (MasterCard, Visa, Maestro, JBC and Diners Club), local payment methods, Skrill (Moneybookers) as well as secure bank wire. The minimum deposit when using debit/credit cards or the secure bank wire transfer is €250. While traders can deposit as low as €100 when using Skrill. The Prestige Option deposit system is so efficient that traders can begin trading as soon as they complete their deposit.
For traders, though, withdrawing their profits is what concerns them most; and in this area, Prestige Option does not disappoint. The broker runs a streamlined, clear and straightforward withdrawal system that sets the standard in the binary options industry. Withdrawals are processed using the same methods as making deposits, with traders only required to complete a withdrawal form to request their profits. Due to international laws of Fraud Protection and Anti-Money Laundering, Prestige Option will require proof of identity (your identification card or passport) as well as proof of residence (a recent bank statement or utility bill) so as to process traders’ withdrawal requests. All withdrawals are processed within 48 hours, with Prestige Option charging traders absolutely no fees on their withdrawal requests.
It is also worth noting that Prestige Option treats client data with the confidentiality it deserves. There is no compromise whatsoever with the privacy of traders’ information. To this effect, Prestige Option applies the latest, cutting-edge 128 SSL encryptions to process all transactions on their platform. This broker also manages all payments through a Level 1 PCI international payment service. Your personal details are private, and Prestige Option always ensures that they remain so.
Acknowledging that no two traders are the same. Prestige Option has strived to meet the individual needs and preferences of various traders. There are 6 account types available (Bronze, Silver, Gold, Titanium, VIP and Platinum), with Prestige Option offering attractive incentives depending on the amount you deposit in your trading account. Nevertheless, no matter the account type, all Prestige Option traders can trade all their tradeable assets. This includes access to numerous educational materials as well as utilize the economic calendar tool. All traders will also be given as much customer service support as they require.
Prestige Option was built by traders, for traders. The customer comes first at Prestige Option, with everything designed to make sure traders have the ultimate trading environment. Immediately, once you have signed up at Prestige Option, you will be allocated a personal Account Manager. This Manager will always be a phone call away when you require anything. Prestige Option also has a comprehensive ‘FAQs’ section. Here you will find an answer to practically any question you may have. Still, if you want to talk directly to one of their staff, their agents are available around the clock for you. They are professional, very knowledgeable, warm, friendly and above all, highly responsive. They can be contacted anytime you wish via live chat, email, Skype, phone or SMS.
Additionally, their website can be accessed in in three languages (English, French and German). While phone and Skype support is currently offered in two languages (English and Arabic).
Prestige Option is truly a world class brokerage firm that has managed to create a matchless trading environment for binary options traders. It has achieved multiple licensing and regulation to give investors the confidence they require before they start online financial assets trading. Its nonpareil TradeSmarter-powered trading platform gives traders the chance to make the most out of their trading activity. While their exceptional customer support ensures that you will never be left alone during your binary options trading journey. In binary options, a broker is your business partner – not your rival. And if you are looking for a reliable partner, who truly cares about your trading success, then look no further than Prestige Option.
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