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PrestigeFM Review

PrestigeFM

PrestigeFM was an unlicensed Forex broker, that is now owned by BeWiTech OU. Their website no longer works.

They are located at: Harju Maakond, Tallinn, Kesklinna Linnaosa, Roosikrantsi tn 2-K006, 10119 Estonia. They can be reached by telephone to Switzerland at: +41 44 508 3193, or via Whatsapp at +4917677181647. Contact email address is [email protected], and the official is https://www.prestige.fm/.

For complaints and withdrawal problems, read this.

PrestigeFM Review

PrestigeFM gives investors a simple and easy Forex CFD trading platform. We noticed during our review that their spreads on Bitcoin CFD’s was $153 wide, which is about 4%.

Trading margin / leverage they offer is at 5:1 on Crypto Currency pairs, and 300:1 on Forex pairs. Their web based trading software is very basic, and easy to use. You will not find any mobile trading apps, or the industry standard MT5 platforms. Their website is available in English and German. The minimum required deposit amount, for a Basic trading account, is officially $5000.

Warning! Trading robots like Crypto Trader are total scams, see why. If you want real trading signals, then look at these systems.

 

PrestigeFM Forex Trading Brokers
PrestigeFM Forex Trading Brokers

Is PrestigeFM a Licensed Broker?

No, PrestigeFM is not a licensed broker. They were previously owned by a company named Euro Wealth OÜ. On January 24th 2020, the FMA in Austria warned investors that this broker is not licensed, read this.

When the Scam Broker Investigator reviews a Crypto or Forex broker to determine if they are a legitimate broker or a scam broker we check one thing. Does the broker have a license from CySEC, and are they registered in Europe. Investors in the United Kingdom will only use brokers that are licensed and authorised by the FCA.

Warning from ASIC Australia! “ASIC urges all investors considering investing in Contracts for Difference, to check they are dealing with an entity that holds an Australian financial services licence.”

Investors should always verify that the broker they are trading with has a valid license in their local country.

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PepperStone is a large Forex & Bitcoin CFD broker that is licensed in Australia by ASIC and in the UK by FCA. Try out their variety of trading platforms, see here.