Prestige Forex Broker

Prestige Review SummaryFounded2010Registered Country/RegionHong KongRegulationCGSEMarket InstrumentsLoco London Gold, Loco London SilverDemo Account/EUR/USD SpreadFloating from 0.15 pipsLeverage/Trading PlatformMT4Min DepositUS$700Customer Support24/7 live chatTel: 400 120 3582 (China area);（852) 3759 6888 (Hong Kong and other regions)Email: cs.support@prestigegroup.com.hkFacebook, WhatsAppRegistered Address: Flat/Rm E, BLK B, 35/F, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Hong KongRestricted AreaUnited StatesPrestige Information Prestige International Bullion Limited was established in Hong Kong and mainly offers trading services in Loco London gold and silver, with competitive spread from 0.15 pips and minimum deposit requirement of US$700. Traders are executed on the industry-leading MT4 platform. Commission-free structure also benifits clients a lot. Leverage trading is available, but details about leverage have not been disclosed so far. Furthermore, the broker currently operates under decent regulation from CGSE, which to some extent guarantees customer protection and compliance to industry standard set by the institution. Nevertheless, there are 25 pieces of WikiFX exposure to withdrawal issues, fraud and scams, which indicates unpleasant customer experience with this company that you should pay great attentions of.Pros and ConsProsConsCGSE regulatedHigh minimum depositTight spreadsWikiFX exposuresNo commissionsNo services in the United StatesMT4 platformOvernight fees charged24/7 live chat supportIs Prestige Legit? Prestige is currently regulated by CGSE (The Chinese Gold & Silver Exchange Society) in Hong Kong, with a license numbering at 025, which guarantees legitimacy and credibility in a certain level.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.CGSERegulated天誉金号有限公司Type AA License025What Can I Trade on Prestige?Tradable InstrumentsSupportedLoco London gold & silver✔Forex❌Commodities❌Indices❌Stocks❌Cryptocurrencies❌Account Type/Fees Prestige requires a minimum deposit of US$700 to start trading with them. Contract size for spot gold is 100 oz/lot and 5000 oz/lot for spot silver. Limit order distance is USD2 for spot gold and USD 0.2 for spot silver. Spreads are floating, with lowest spread at 0.15 pips and average at 0.21 pips up to Dec 14, 2024. Additionally, Prestige does not charge commissions, reducing trading costs for investors significantly.Interest Rate Prestige automatically rolls over all open positions to the next trading day, applying interest charges or credits based on market conditions. For positions held overnight on Wednesdays, a 3-day interest charge or credit applies.ProductBUY (Dr/Cr)/YearSELL (Dr/Cr)/YearSpot Gold (LLG)-4.00%1.00%Spot Silver (LLS)-4.00%1.00%Trading Platform Prestige claims the use of the industry-leading MetaTrader 4 platform through web, Windows and mobile devices including iOS and Android phones, which allows you to trade anytime, anywhere you want, even on the go. The MT4 platform is renowned and recognized worldwidely for their advanced charting tools and robust functionalitiess such automated transaction execution.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Web, Windows, iOS, AndroidBeginnersMT5❌/Experienced tradersDeposit and Withdrawal Prestige enables deposits via inter-bank/overseas wire transfers, counter remittance, check deposit, ATM deposit and online transfers. It's noteworthy that the broker charges 5% handling fee for online tranfers, but the fee will be absorbed by the company itself if customer complete 1 lot of liquidation for every 700 USD capital injection.