Prestige FM Review
Prestige FM is a new Forex/CFD broker that was founded in 2013 under the name of Prestige Financial Markets in The Republic of Estonia. The main headquarters of Prestige FM broker is located in Tallinn at: Lõõtsa 6, 11415 and is operated by Nostro Technology OÜ.
In Prestige FM review, the broker is regulated by the VFSC (Vanuatu Financial Services Commission) for clients to rest assured that they are in a safe hands. However, we should mention that, although Prestige FM login is regulated, it doesn’t keep the client’s funds in a segregated account, so be aware of Prestige FM scam.
Prestige FM trading broker offers wide selection of assets that consists of commodities (5 commodities), Forex pairs (24 pairs), indices (13 global indices), stocks (16 stocks) and crypto currencies that include Bitcoin, Litecoin, Ethereum, DASH, Ripple.
Prestige FM trading presents variable spreads which is often cheaper than fixed spreads especially in times of high liquidity, however, it can hike rabidly in times of high volatility. Prestige FM login leverage is great as it starts at 1:50 and up to 1:500 to trade Forex and CFD on various assets.
Prestige FM Review Platform
Prestige FM broker offers Forex and CFD trading on only one type of platforms which is the TradeSmarter, a well-known platform that doesn’t require downloading and installing. TradeSmarter found with Prestige FM trading is similar to the Web-Trader platform most brokers offer and has a friendly easy to use interface. Mobile trading is available with Prestige FM broker, although we couldn't find what kind of App it offers, however, Prestige FM trading platform (TradeSmarter) has a great interface on mobile devices.
Read this review thoroughly in order to know if trading Prestige FM Forex is safe or Prestige FM scam is real.
Prestige FM Login Accounts
One of the best advantages at Prestige FM broker in the Forex industry is its variety of accounts to register, that suit every type of traders. Let’s have a deeper look at these accounts in Prestige FM review:
Bronze account: The first type of Prestige FM trading accounts with a deposit of €500. This account as the rest of the accounts, presents over 100 assets to trade with Prestige FM broker along with economic info.
Silver account: Prestige FM Forex presents this account with a min deposit of €5,000. Prestige FM Forex silver account offers 2 training sessions with a specialist, weekly market review and basic training videos.
Gold account: €10,000 is the min deposit for registering this account through Prestige FM Forex that gives 3 sessions with a specialist, 2 weekly reviews and advanced videos.
Titanium account: For €25,000, trader gets more than 100 assets to trade, 5 sessions, economic info, 4 market reviews and advanced educational videos, all of these features available with Prestige FM Forex titanium account.
VIP account: For the elite traders who need exclusive features to trade with Prestige FM Forex. With €50,000 for the minimum deposit, this account offers unlimited sessions, daily reviews, advanced videos and special concierge services. Worth mentioning in Prestige FM review, that the minimum trade lot is only is only 10 lots.
Platinum account: The most advanced account with Prestige FM login for €100,000. To register such account, clients should contact the account manager directly.
At this Prestige FM review, we should mention that Prestige FM login doesn't offer demo account for traders. Also, for Muslim traders who want to trade by the Sharia law, Prestige FM login offers Islamic account that abides the Islamic laws.
Unlike other brokers, Prestige FM login doesn’t charge fees on withdrawals.
Prestige FM Trading Support
At Prestige FM review, the support service on Prestige FM login site is good, it offers support through Email, live chat and contact form 24/7. Prestige FM presents support to clients in only 2 languages (English and German) which is not enough in the Forex market, assuming they are in the process of adding new languages.
Education center at Prestige FM trading broker is basic with Ebook, educational videos, FAQ and glossary.
Prestige FM Scam
Finally in Prestige FM review, the €500 deposit is considered high for a novice who is just beginning his way in the Forex market, especially with the little features it offers. Although, Prestige FM broker assures that its minimum deposit is only €250, however, to register the bronze account, you need to deposit €500, a sign of Prestige FM scam maybe!! or it maybe just a glitch.
Also, the absence of the demo account, the 2 languages support service, the unknown regulatory authority are signs of scam, so caution is in order while registering in case Prestige FM scam turns out to be true.