Prestige Option Review
This page contains a detailed review of the ‘Prestige Option Binary Options Trading Platform‘.
Prestige Option Executive Summary
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Prestige Option Review
Although binary options’ trading is relatively new, having only been available to the public from 2008, this type of trading has quickly become very popular. The main reason for this popularity is because binary options trades are generally low-risk compared to more traditional investments, while at the same time offering the potential for high rewards.
Because of the wide range of tools and resources offered and an array of features available on their platform, Prestige Option has quickly established itself as the broker of choice for those who want to get started trading in binary options. In addition, if you are a pro trader, Prestige Option offers all the tools, services and features required to succeed in the trading arena.
Prestige Option – User Friendly
Before settling on a broker, every trader should consider how user-friendly the broker’s website is. As soon as you enter the Prestige Option website, it is immediately clear that a lot of effort has been put into giving it a modern design and easy navigation. The entire website is well organized, with all links on every page fully functional and positioned intuitively to ensure that, despite the huge amount of information available, the trader can always locate what they want with ease.
All that a trader needs in order to transact on the website including account opening, trading platform, their banking options, available assets and educational resources are simple to locate on the Prestige Option website. Placing a trade on the website is also extremely simple and is a stepwise process that even new traders will have little trouble with.
Prestige Option – Assets & Expiry Times
Prestige Option provides all types of traders with a wide variety of underlying assets to trade in for both the short term and longer term. With this broker, every trader has access to a huge selection of more than 175 assets to choose from. These assets are classed in four categories that should be familiar to binary options traders: stocks, indices, commodities and currency pairs.
All these asset classes are only useful as traded instruments when they are combined with a selection of risk management tools and varied expiry times for each trade. Double-up, Roll over and Sell early features can be used by traders to mitigate their risks while using the appropriate short, medium and long term expiry times.
Prestige Option – Super Trader TV
When it comes to innovation, Prestige Option takes first place. The broker offers an exclusive and unique Super Trader TV which is freely available to registered traders only. Super Trader TV offers access to a daily live TV broadcast covering important topics such as Market Action, Money Flow and many more. In addition, traders can view the wide range of live videos which cover a vast selection of topics including Education, Trading Tips, Assets Index, Economics, Tactics and Analysis, Practical Trading and the Economic Calendar.
Each topic is then divided into a choice of videos to enhance one’s understanding of binary options. For example, the Education videos are geared to assisting a trader to learning how to trade. Traders are taken step by step through the trading process including details of each trade option available on the Prestige Option trading platform. In addition, these videos and the Super Trader TV program are suitable for both new and advanced traders.
Prestige Option – Education Center
While it has been said that anyone can trade binary options, the fact is an educated trader is a successful trader. It is for this reason that Prestige Option offers its traders a comprehensive education center which has a wealth of trading information and tools. Traders can access the vast choice of trading videos which are directed at both beginner and advanced traders. Topics covered in the e-Video library include binary options advantages, chance and risk, support and resistance and many more. In addition, Prestige Option also offers a range of videos on economics and detailed videos on their trading platform.
In-depth courses are also available which cover vital topics such as trading psychology financial management, market analysis and more. To assist their traders even more, Prestige Option also provides their traders with free access to a binary options eBook as well as a platform eBook. Traders can also use the brokers detailed FAQs and glossary sections as well as the Economic Calendar which is provided on the site.
Other effective tools available include a Fibonacci calculator as well as a Pivot calculator. Another effective trading tool is the trading signals which Prestige Option provides regarding potentially profitable trading opportunities. No matter if you are a professional trader or a novice, everything you need to be educated about binary options trading can be found under the Prestige Option education umbrella.
Prestige Option – Deposits & Withdrawals
For every trader, the ultimate aim is to earn a profit which they can then withdraw. Luckily, the process of requesting withdrawals from this broker is quick and painless, and should be familiar to anyone who has carried out any type of financial transaction online.
Traders on this platform are offered a variety of secure payment methods to suit their needs. There are the standard credit cards such as Visa, MasterCard and Maestro, direct wire transfers to traders’ bank accounts and secure e-wallet services such as Neteller, Skrill and Ukash. The use of encryption in all transactions online ensures that the security of traders’ personal information is guaranteed.