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Prestige -

Score

6.57 /10
Average

Prestige

Hong Kong

5-10 years

Regulated in Hong Kong

Type AA License

MT4 Full License

Regional Brokers

High potential risk

https://www.prestigegroup.com.hk/en

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Comparison

Quantity 27

Exposure

Open Account
Website

Score

Regulatory Index7.15

Business Index7.59

Risk Management Index0.00

Software Index8.62

License Index7.15

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

天誉金号有限公司

Company Abbreviation

Prestige

Platform registered country and region

Hong Kong

Company website

Facebook

WhatsApp

  • 85266723243

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-12-23
  • The number of the complaints received by WikiFX have reached 25 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Prestige

Hong Kong

WikiFX Verification

Exposure

27 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

I can’t open their site or withdraw now

It happened today. Somebody should look into this.

2019-11-12 07:46
Others

Prestige

Fraud broker. Lose all the money. 1.7 million in total. Background manipulation. Is there anyone like me?

2021-05-08 11:47
Scam

Induction by Prestige Jinhao

The fake analyst appointed by the company induced clients to open account by pulling them into stock group.He is accustomed to defraud.If the client doesn’t follow,he will cancel the account,even delete the evidence,which is rare.

2019-10-09 12:02
Others

Prestige,a totally fraud platform!Don’t be cgeated!

Investors should pay attention to Prestige fraud platform Prestige is truly a fraud platform.King shore is the No.25 member of Prestige.In the midmonth of July in 2017,the salesman of Prestige induced me to the group with the excuse of talking about stocks,also taught us stocks in broadcasting room.During that time,they said that the stock was not the best choice for operation while gold investment could brought huge profit,with flexible buying up or down through two-way trade.Showing the profiting bills,they induced us to deposit and joined the VIP group one.They assured that we could earn back several times our income with the guidance of teacher Li.Many said they had profited.I was cheated for about 100 thousand yuan totally.Following the order recommendation teacher,I made a loss of more than 20 thousand within a month.In addition,I also witnessed those investors made great loss of several millions.This is totally a fraud platform,full of cheaters.After induction to deposit,they told clients to plunge more money into it and operated with orders.Having profited a little, thy began ordering reverse recommendation and encouraging to buy more,which led to many investors’ great losses.They ignored users’ complaints and continued cheating.I hope you polish your eyes and select platforms carefully.The customer service got rid of the responsibility with excuse of “careful investment ”,refused to handle it and let customers bear themselves.When I complained to the platform, my account was even canceled.Please pay attention to this fraud

2019-08-06 04:59
Scam

Prestige keeping denying its operation!

Prestige keeping denying its operation and shirking responsibility!

2019-10-24 16:09
Unable to Withdraw

Prestige controls customer withdrawals, threatens customers to delete exposure, and deducts balances.

Rubbish platform. There is a data error on the platform, but it will not be resolved in a timely manner. And the customer will be threatened to delete the exposure by controlling the customer's amount.

2024-03-01 11:21
Resolved

Data changes induce orders

On September 26, 2023, there was a huge fluctuation in the platform data. I successfully placed an order with full funds. Later, the platform said that the system data error restored the order that was previously closed in the account. The position changed and orders placed due to data errors were not processed. I have been trying to communicate with customer service to no avail.

2023-09-27 20:13
Others

Investors should pay attention to Prestige fraud platform

Investors should pay attention to Prestige fraud platform Prestige is truly a fraud platform.King shore is the No.25 member of Prestige.In the midmonth of July in 2017,the salesman of Prestige induced me to the group with the excuse of talking about stocks,also taught us stocks in broadcasting room.During that time,they said that the stock was not the best choice for operation while gold investment could brought huge profit,with flexible buying up or down through two-way trade.Showing the profiting bills,they induced us to deposit and joined the VIP group one.They assured that we could earn back several times our income with the guidance of teacher Li.Many said they had profited.I was cheated for about 100 thousand yuan totally.Following the order recommendation teacher,I made a loss of more than 20 thousand within a month.In addition,I also witnessed those investors made great loss of several millions.This is totally a fraud platform,full of cheaters.After induction to deposit,they told clients to plunge more money into it and operated with orders.Having profited a little, thy began ordering reverse recommendation and encouraging to buy more,which led to many investors’ great losses.They ignored users’ complaints and continued cheating.I hope you polish your eyes and select platforms carefully.The customer service got rid of the responsibility with excuse of “careful investment ”,refused to handle it and let customers bear themselves.When I complained to the platform, my account was even canceled.Please pay attention to this fraud platform.I hope you avoid being cheated.Remember!!!

2019-08-03 23:31
Scam

Prestige shielded its agent’s unfair operation.

This is Prestige’s attitude towards its agent,shielding their unfair operation!

2019-10-24 15:39
Resolved

Data Error

A major data error occurred on the platform, causing customers to change data after placing an order. After restoring the data, orders placed in the wrong data will not be resolved until the account is liquidated.

2023-09-28 09:07
Others

First the stock stock group, then London gold group! Cheated of 20,000 yuan!

At the beginning, I was invited into a stock group, where people shared stock advice, and discuss forex and futures from time to time! After the recommendation by the group owner, I joined in the MT4 forex platform, and deposited 20,000 yuan ( standard for getting into the group)! After entering the London gold group, I make orders following the group owner’s strategies. Since losses overweighted profits, some people in the group complained in the group then they were kicked out of the group. And then the group was banned to talk! After entering the London group, there were still one in the stock group who shared an order with profits of thousands of dollars.But not long after, the people who entered the London gold group were kicked out of the stock group! Service fees are very high

2019-10-04 16:02
Scam

Prestige fraud behaviour is extremely crazy,Close the account without handling

Prestige reputation gold salesman in stock and customer to discuss the stock, citing beguiled by their staff to the group, in the studio, shares, said later that the stock is bad operation, fry gold can buy up to buy two-way trade can earn big money on a more flexible, and show golden profit sheet at the same time, to lure us into deposite, and join the VIP a group, and personally take single operation by Mr Li, said can earn at least a few times earnings.Many people in the group said they had made money, and I was cheated into gold 100,000.Following the teacher's order operation, I lost more than 20,000 RMB in less than a month.And I've seen millions of investors who were out of their depth, who put out their orders in groups, and of course more of the people they hired as shillers, and it was a total fraud.Lure investment after opening an account, let the customer increase the amount of gold, and then with a single operation, began small single profit after the next shout anti single, the market is not correct also let add warehouse operation, until the cause of serious losses, leading to a lot of investors so far.Prestige number does not solve user complaints, is still continuing to implement fraud, hope everyone to clear your eyes, carefully choose the platform to do single.Contact with customer service, customer service staff with investment caution four get rid of responsibility, let the customer assume, do not deal with, I later find platform to complain, the result of my account closed door!Do foreign exchange friends must pay attention to, prestige international is a fraud platform, the real fraud platform!The ffaud platform.Hope you are cautious and cautious!Don't fall into a trap again.Remember!!!

2019-09-29 17:48
Scam

Prestige official and agent fraud customers

Prestige official and agents mutual shirk responsibility, agents for their own violations also quibber

2019-10-15 17:33
Scam

Prestige officially relies on the "for reference only" four-word sophistry!

Prestige officially relies on the "for reference only" four-word sophistry! According to their thinking, those who are deceived are willing to be deceived by others, and others have not scammed your money compulsory.

2019-10-24 16:47
Scam

Prestige fraud platform is on cheating

In the middle of July,2019,I was induced into the group by staff of the platform.In the broadcasting room, saying that stock is complicated to operate,while the gold investment is flexible with two-way trading in buying and selling which can bring about big money,he induced me to deposit money and join their VIP group 1,in which teacher Li would instruct us in trading to earn several times of money.Many group members claimed to have earn the money.I was induced to deposit 100,000 yuan in the platform.With the teacher’s instruction, I made a loss of 20,000 yuan within one month.However,in retrospect, they are all pretender and the it definitely is a fraud platform.After making complaints of this platform,my account was canceled by them.I have called the police and appeal you to recover our losses with me and prevent them from continuous fraud! If you are making investments in forex,please be aware of the fraud platform.

2019-09-05 10:27
Scam

Prestige is a real fraud platform. Prestige Gold Trader is the platform’s 25th member

Prestige is a real fraud platform. Prestige Gold Trader is the platform’s 25th member. The salesman of Prestige Gold Trader was in the stock trading group. With the cover of inviting clients to discuss stocks, and showing the profitable gold orders, he lured people to open accounts and let the customer increase the deposit amount. Then he gave them order recommendations. At first the investors profited from small orders and then he would give reverse order recommendations. Though the market is not abnormal, he still asked the investors to add positions until they suffered serious losses and forced liquidation. When I contacted with the customer service personnel, they shirked the responsibilities by saying “trade with care”. They let the clients bear the losses and didn’t bother to deal with the problem.That is areal fraud platform! I hope everyone is careful of the scam platform! Prestige Gold Trader does not solve user complaints, and continues to carry out fraud practices. I hope everyone is wise when choosing the platform. In mid-July 2017, I was tricked into the group by their staff, who gave lessons about stocks in a live stream studio. And later they said stocks are not easy to trade, and gold could help you earn a big deal by both buying and selling. They incited us to deposit and joined in a vip group. They said the adviser Mr. Li in the group would give us advice, from which we could earn several times of the capitals. Many people in the group said that they made money. I have been defrauded a total of 100,000 yuan. With the teacher's recommendations, I lost more than RMB20,000 in less than a month. Moreover, I also saw the investors who suffered with a forced liquidation of millions at that time. People who showed profitable orders in the group of course were employee hired by those fraudsters. This is a fraud platform. I later made complain on the platform, but they canceled my account! Friends who are investing forex must pay attention to it. Prestige is a scam platform. Everyone should never be deceived. Remember! ! !

2019-06-25 04:52
    Prestige · Company summary
    Prestige Review Summary
    Founded2010
    Registered Country/RegionHong Kong
    RegulationCGSE
    Market InstrumentsLoco London Gold, Loco London Silver
    Demo Account/
    EUR/USD SpreadFloating from 0.15 pips
    Leverage/
    Trading PlatformMT4
    Min DepositUS$700
    Customer Support24/7 live chat support
    Tel: 400 120 3582 (China area);（852) 3759 6888 (Hong Kong and other regions)
    Email: cs.support@prestigegroup.com.hk
    Facebook, WhatsApp
    Registered Address: Flat/Rm E, BLK B, 35/F, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Hong Kong
    Restricted AreaUnited States

    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.

    Prestige's homepage

    Pros and Cons

    ProsCons
    CGSE regulatedHigh minimum deposit
    Tight spreadsWikiFX exposures
    No commissionsNo services in the United States
    MT4 platformOvernight fees charged
    24/7 live chat support

    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 CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
    Hong Kong
    		CGSERegulated天誉金号有限公司Type AA License025
    Regulated by CGSE

    What Can I Trade on Prestige?

    Tradable InstrumentsSupported
    Loco London gold & silver✔
    Forex❌
    Commodities❌
    Indices❌
    Stocks❌
    Cryptocurrencies❌
    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.

    Spread
    Trading rules

    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)/Year
    Spot Gold (LLG)-4.00%1.00%
    Spot Silver (LLS)-4.00%1.00%
    Interest Rate

    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 for
    MT4✔Web, Windows, iOS, AndroidBeginners
    MT5❌/Experienced traders
    MT4

    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.

    Local deposit/wire transfer
    Online transfer

    User Reviews

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    User comment

    3

    Comments

    Write a review

    scd94699
    more than one year
    I used to think Prestige was great but some months ago they started to ask for a picture of me holding my ID. I uploaded it tried to upload it hundreds of times using all available methods but either I get an error message or they claim they didn't receive anything or the format was wrong even though I converted it to pdf as they requested. Also they do not accept replies to their support email address so I had to open a new ticket every time and the last time I did that my message wasn't sent because I was "temporary banned"! And I cannot withdraw my funds until this mess is solved which I now realize will never happen.
    I used to think Prestige was great but some months ago they started to ask for a picture of me holding my ID. I uploaded it tried to upload it hundreds of times using all available methods but either I get an error message or they claim they didn't receive anything or the format was wrong even though I converted it to pdf as they requested. Also they do not accept replies to their support email address so I had to open a new ticket every time and the last time I did that my message wasn't sent because I was "temporary banned"! And I cannot withdraw my funds until this mess is solved which I now realize will never happen.
    Translate to English
    2024-03-29 15:50
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    FX1494149797
    more than one year
    During my time with Prestige, I found their operation to be quite professional. Their robust trading system combined with real-time quotes, technical indicators, and customization offered a comprehensive trading experience. The use of the widely recognized Metatrader 4 added an element of familiarity to the process. Their commitment to keeping their clients up-to-date with the latest software version was impressive. Throughout my use of their platform, I had access to real-time market quotes, technical analysis, and market dynamics which is quite invaluable to any trader.
    During my time with Prestige, I found their operation to be quite professional. Their robust trading system combined with real-time quotes, technical indicators, and customization offered a comprehensive trading experience. The use of the widely recognized Metatrader 4 added an element of familiarity to the process. Their commitment to keeping their clients up-to-date with the latest software version was impressive. Throughout my use of their platform, I had access to real-time market quotes, technical analysis, and market dynamics which is quite invaluable to any trader.
    Translate to English
    2024-02-23 15:14
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