Score
Prestige.FM
United Kingdom|5-10 years| https://www.prestige.fm/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Disclosure
Danger
Contact number
+442039663668
Other ways of contact
Broker Information
More
Prestige.FM
Prestige.FM
United Kingdom
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 5,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 25,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 75,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | Custom |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Prestige.FM · Company Summary
Note: Prestige.FM's official website: https://www.prestige.fm/ is currently inaccessible normally.
| Prestige.FM Review Summary | |
| Founded | 2018 |
| Registered Country/Region | United Kingdom |
| Regulation | No Regulation |
| Market Instruments | Not mentioned |
| Demo Account | Not mentioned |
| Leverage | Not mentioned |
| Spread | 3.6 pips |
| Trading Platform | Web |
| Minimum Deposit | 5,000 EUR |
| Customer Support | Phone: +442039663668 |
| Email: support@prestige.fm | |
Prestige.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
| Pros | Cons |
| None | Non-functional Website |
| Lack of Transparency | |
| No Regulation |
Cons:
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 Account | Min. Deposit |
| Basic | 5,000 EUR |
| Advanced | 25,000 EUR |
| Expert | 75,000 EUR |
| Prestige | Not 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 Account | Spread |
| Basic | 3.6 pips |
| Advanced | Not mentioned |
| Expert | |
| Prestige |
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: +442039663668
- Email: support@prestige.fm
Conclusion
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.
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