Prestige Group Ltd has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1 866 379 6091, fax 1 973 741 2447
Addresses: National Network Building 744 Broad Street 18th Floor Newark Jersey NJ 07102 USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.prestigegrp.us.
My withdrawal request from Prestige Group Ltd has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Fast support response|Fast deposits|Customizable dashboard|Intuitive for beginners
Cons: Wait times can be long during peak hours
The platform itself is okay, but the customer service at Prestige Group Ltd is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Detailed reporting|Real-time alerts|Tax reports included
Cons: Slow to add new assets
Prestige Group Ltd offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Social trading features|Segregated accounts|Reliable uptime
Cons: Charting tools need more indicators
Do not believe the bonus offer from Prestige Group Ltd. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Smooth onboarding|Real-time alerts|Reliable uptime
Cons: Limited social trading features|Minimum deposit could be lower
I have been trying to close my account with Prestige Group Ltd for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Helpful community forum|Risk management tools
Cons: Spreads widen during volatile periods
KYC with Prestige Group Ltd is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Risk management tools|Easy withdrawals
Cons: Help articles are sometimes vague
I closed a profitable position at Prestige Group Ltd and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Intuitive for beginners|Dividend tracking|Real-time alerts
Cons: Cannot customize dashboard fully|Mobile app could be improved
Do not use Prestige Group Ltd for anything serious. I used them for just over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Good analytical tools|Great customer service
Cons: Could offer more webinars