UPDATE (25.11.2017):

Prestige Option has shut down their operations.

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

	Min. Invest	Min. Deposit	Max. Returns
	$1	$10	92%
	$1	$10	91%
						All brokers >>

	Min. Invest	Min. Deposit	Max. Returns
	100%	$10	92%
	$1	$10	91%

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.

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.