There is a lot of money to be made in forex and cryptocurrency trading markets. The first step to getting into this type of trading is to identify the right brokerage as a partner in your investment. Prestige Financial Markets are a new and upcoming forex broker. In this Prestige Financial Markets Review, we will be looking at different aspects of this broker to determine if they are a worthwhile trading partner for you.
The Prestige platform is currently creating a niche for itself in forex and crypto trading, as an innovative and highly luxurious option. Their TradeSmart powered platform offers clients a one-stop shop for all their online trading needs. The system caters for a variety of financial options, including commodities, stocks and currency pairs. There are many additional tools available, such as the Risk-O-Meter, Trader Sentiment and Sentimental Analysis Tool, along with learning aids.
There is also a fun social function that has been incorporated into the system, to allow you to see top trades from other users. Unfortunately, there is no mention of a Prestige Financial Markets demo account, but clients can choose from six available account types on the site once registered.
Find the best trading platform. You capital is at risk when trading. Be careful.
Prestige Financial Markets A Scam? Is Prestige Financial Markets Regulated?
There are hundreds of forex and cryptocurrency stock brokers and trading platforms out there. Each of these companies is fighting to get as many clients as possible onto their platforms. This kind of competition has attracted a lot of scam artists to the online forex and cryptocurrency space. To avoid falling prey to these scammers, and losing your hard earned money, always ensure that the brokerage you intend to partner with is a legitimate one. Prestige Financial Markets is rated as one of these legitimate brokerages.
It is a subsidiary of Leadtrade limited, registered in Cypress. It holds a license and is regulated by CySEC, which is one of the primary regulators of forex brokerages worldwide. The regulator is also a member of the European Securities and Markets Authority, which makes
Prestige compliant with the Markets in Financial Instruments Directive. It also has third-party watchdog firm’s recognition from bodies such as REGAFI from France, FCA from Britain and BaFin from Germany. This firm also ensures that client capital is in segregated accounts for transparency. To date, there is no evidence of any Prestige Financial Markets scam, and users of the platform can rest assured of security during trading.
Alternatives To Prestige Financial Markets
Prestige Financial Markets is quickly gaining a reputation for being a top notch and innovative online brokerage firm. However, there are other established firms that are also worth looking at for future online trades. On this site our aim is to provide you with the most unbiased and up to date information on forex and crypto trading brokerage firms and platforms. Some of the most reputable include 24Option, which is duly licensed in Europe by CySEC.
It boasts a user-friendly platform and demo accounts for clients. For more legitimate trading platforms, you can check out our AvaTrade review, along with many others.