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PrestigeOption Broker Review

  1. This broker is now closed;


    PrestigeOption is a new broker on binary options market. They were established in 2015 and owned by Lead Capital Markets Ltd.

    We decided to add this broker for our South African readers, thanks to an excellent platform and a selection of useful trading features that traders can use to achieve high payouts.

    This PrestigeOption review will show traders in South Africa how they are a regulated binary broker.

    For more on what types of binary options services PrestigeOption offers to South African traders, read below in our PrestigeOption review.

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    PrestigeOption Trading Platform

    Our PrestigeOption review shows they use Tradesmarter software. This software isn’t represented so often among binary options broker, but with PrestigeOption, traders can easily navigate over the site and get important information.

    PrestigeOption broker uses user-friendly interface and there shouldn’t be any difficulties for South African traders who place trades or search for valuable info. Above on the site, traders can find detailed info under different tabs, that are available on PrestigeOption platform.

    Minimum deposit with PrestigeOption is $250.

    Traders can deposit in USD and EUR.

    Our PrestigeOption review revealed us that this broker offers returns up to 88% and maximum bonus up to unlimited amounts. Minimum investment for trading with PrestigeOption is $10 and maximum amount is unlimited.

    If you want to learn more about numerous trading features, read further our PrestigeOption review.

    PrestigeOption Trading Features

    PrestigeOption review showed us that this broker offers South African traders a selection of different trade options, such as: 60 Seconds, High/Low, Pair Options and StrategiX.

    Available expiry times are: 30 s, 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr+, end of day, end of week and end of month.

    To registered traders, PrestigeOption offers a wide selection of underlying assets, including currencies, stocks, commodities and indices. A full list of assets, traders can find in Asset Index under How it works? Tab.

    As one of the most widespread services in binary industry is mobile application. During our PrestigeOption review, we discovered that this broker also offers mobile app to traders.

    Their mobile app enables trades to place trades from anywhere and also to use the platform on smartphones and tablets.  This app can be downloaded from App Store and Google Play.

    Another feature that we noticed in PrestigeOption review is that they offer bonuses as tool to attract more South African traders to sign in and experience a variety of benefits on trading platform.

    With PrestigeOption broker, required bonus turnover is 60x, which is higher than average in binary options industry. PrestigeOption bonuses are valid for 60 days. To have more details regarding bonuses, we recommend traders to read terms and conditions.

    This broker offers two types of bonuses:

    • Pending bonus – amount of money added on trader’s account; this bonus is not restrictive
    • Profit bonus – traders can use this bonus to trade binary options and it can not be withdrawn before bonus requirements are met.

    Feature Refer-a-friend is yet another of popular trading features in binary options industry. It is no wonder why PrestigeOption decided to offer it on their trading platform, as seen in our PrestigeOption review.

    If traders recommend this platform to a friend who joins in, then existing trader will get a referral bonus up to $200 each time a friend registers with PrestigeOption. For more details, traders can find useful info on General T & C.

    With PrestigeOption, traders can get up to 320%, based on excellent new Starategix feature.

    PrestigeOption Account Types

    During PrestigeOption review, we learnt that this broker offers 5 different account types to traders in South Africa.

    PrestigeOption Bronze Account

    • Minimum deposit $500
    • Up to 25% bonus
    • More than 100 assets
    • Economic information

    PrestigeOption Silver Account

    • Minimum deposit $2500
    • Up to 50% bonus
    • More than 100 assets
    • Economic information
    • 2 trading sessions
    • Market report per week
    • Introduction trading videos

    Account Safety – PrestigeoptionPrestigeOption Gold Account

    • Minimum deposit $10000
    • Up to 75% bonus
    • More than 100 assets
    • Economic information
    • 3 trading sessions
    • Market report twice a week
    • Advanced trading videos
    • Access to autochartist

    PrestigeOption VIP Account

    • Minimum deposit $50000
    • Up to 100% bonus
    • More than 100 assets
    • Economic information
    • unlimited trading sessions
    • Daily market report
    • Advanced trading videos
    • Access to autochartist + Strategix
    • 2% dividend

    PrestigeOption Platinum Account

    • Minimum deposit $100000
    • Access only with invitation
    • More details available with personal account manager

    PrestigeOption Customer Support

    While doing PrestigeOption review, we discovered that this broker offers customer support in several different ways. South Africans can reach this broker via email [email protected], live chat, web form and va telephone.

    Opening hours with PrestigeOption are: Monday to Thursday from 8:00 – 20:00 and Fridays from 8:00 – 13:00 (GMT). Another thing we found out in PrestigeOption review is that platform is available not only on English, but also on French and German.

    Traders who join PrestigeOption can check their Training Center to get more information regarding trading process and how to manage different instruments. South African traders can use live webinars, video centre, glossary and FAQs.

    PrestigeOption Banking Info

    Deposit – PrestigeoptionSecurity of traders’ funds is the most significant segment of PrestigeOption business conduct. For that reason, they use SSL technology with encrypted data.

    This way, all transactions will be transmitted through SSL encryption.

    We were pleasantly surprised to see during PrestigeOption review, how detailed both deposit and withdrawal processes are explained.

    Under Client Area tab, traders in South Africa can get information on what does it take to either deposit or withdraw funds from trading account.

    Available deposit methods are:

    • Debit and credit cards: Maestro, Visa, Mastercard, Diners Club and JCB
    • Bank wire transfer
    • E-wallet: Skrill Moneybookers, iDeal, WebMoney, CashU, LightStream, Bancocontact, and QIWI

    Minimum deposit with PrestigeOption is $250, but for deposits done via bank wire, deposit amount is $500.

    In this part of PrestigeOption review, we will provide you important information regarding how to withdraw funds from trading account.

    For South African traders to be able to withdraw their funds, the initial step is to login to the platform and submit withdrawal request. Traders have to send few documents to PrestigeOption in order to them to approve the request. Needed documents are:

    • Copy of valid ID
    • Proof of address
    • Credit card copy (visible only last 4 digits, cardholder name and date)

    An excellent news we found out in PrestigeOption review is that this broker doesn’t charge any fees for withdrawals.

    Also, there is no minimum withdrawal. Both of these information aren’t often visible among other binary brokers and here lies advantages of trading binary options with PrestigeOption.

    It can take up to 48 hr for PrestigeOption to approve withdrawal request and additional 3-5 business days for funds to be released to the traders’ account.

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