Prestige Spreads, leverage, minimum deposit Revealed

Prestige Information

　　Prestige International Bullion Limited was established in HongKong and mainly offers trading services in Loco London gold and silver to clients, with competitive spreads from 0.15 pips and minimum deposit of US$700. Trades 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 Cons

Is 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 Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	CGSE	Regulated	天誉金号有限公司	Type AA License	025

What Can I Trade on Prestige?

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.

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.

Deposit 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.