Prestige.FM Forex Broker

Note: Prestige.FM's official website: https://www.prestige.fm/ is currently inaccessible normally. Prestige.FM Review Summary Founded2018 Registered Country/RegionUnited Kingdom RegulationNo Regulation Market InstrumentsNot mentioned Demo AccountNot mentioned LeverageNot mentioned Spread3.6 pips Trading PlatformWeb Minimum Deposit5,000 EUR Customer SupportPhone: +442039663668 Email: support@prestige.fmPrestige.FM Information Prestige.FM is an unregulated trading platform established in 2018 and registered in the United Kingdom. The platform offers a web-based trading interface and various account types with a minimum deposit requirement of EUR5000 and a spread of 3.6 pips.Pros & Cons ProsCons NoneNon-functional Website Lack of Transparency No RegulationCons: Non-functional Website: The absence of a functioning website indicates a lack of professionalism or operational issues within the company. Lack of Transparency: The company's website is non-functional. Critical trading information such as demo accounts, leverage, spreads, and trading platforms is not provided. No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.Is Prestige.FM Legit？ Prestige.FM currently lacks valid regulation. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.Accounts Trading AccountMin. Deposit Basic5,000 EUR Advanced25,000 EUR Expert75,000 EUR PrestigeNot mentioned Prestige.FM offers four account types, Basic, Advanced, Expert and Prestige, with different minimum deposit requirements. It requires a minimum deposit of 5,000 EUR for the Basic account, which is much higher than the industry average 100 USD or quivalent.Leverage No info on leverage can be found currently.Spread & Commissions Trading AccountSpread Basic3.6 pips AdvancedNot mentioned Expert Prestige For the Basic account, the spread is very wide, up to 3.6 pips, while spreads for other account types are unknown. As for the commission, no info can be found currently. All indicates that Prestige.FM is not a good choice for trading.Trading Platforms Prestige.FM only provides a web-based trading platform. Deposits & Withdrawals Prestige.FM supports deposits and withdrawals through standard methods such as Visa, MasterCard, and bank wire transfers. However, popular e-wallets like WebMoney, Neteller, and Skrill are not currently available for transactions on their platform.Customer Service Prestige.FM's support team can be reached through: Phone: +442039663668Email: support@prestige.fmConclusion In conclusion, Prestige.FM's unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process. Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.Q&A Is Prestige.FM regulated？ No. It has been verified that this broker currently has no valid regulation. What is the minimum deposit for Prestige.FM？ 5,000 EUR. Is Prestige.FM a good broker for beginners？ No. It is not a good choice for beginners. Not only because of its unregulated condition but also because of its inaccessible website.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.