Forex Brokers

Prestige Private Wealth

1.3 (15 reviews)
🇦🇺 Australia
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1.3
15 reviews
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About Prestige Private Wealth

Prestige Private Wealth has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". 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.prestigeprivatewealth.com.

Customer Reviews

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Took my money and went silent

L
Lily I.
2 weeks ago

I am in a dispute with Prestige Private Wealth over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Automated trading options|Social trading features|Multi-currency support

Cons: Limited ETF selection|No live chat on mobile

Rip-off dressed as a service

N
Nathan R.
1 months ago

My card was charged twice by Prestige Private Wealth on the same day. I had to dispute it with my bank. Prestige Private Wealth then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Instant funding|Portfolio tracking tools|Good mobile app

Cons: Account statements could be more detailed

Does not even meet basic standards

T
Teresa I.
2 months ago

After using Prestige Private Wealth since the beginning of the year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Social trading features|API access|Economic calendar

Cons: No integrated tax optimization

Walked away and never looking back

F
Frank W.
2 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Prestige Private Wealth said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Good analytical tools|Customizable dashboard|Market news feed|Transparent fees

Cons: None so far

White label of a bad platform

L
Lily O.
2 months ago

I found Prestige Private Wealth through a financial advisor and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Customizable dashboard|Easy to use platform|No hidden fees|Instant funding

Cons: Charting tools need more indicators

Unacceptable level of service

R
Robert H.
3 months ago

I had high hopes for Prestige Private Wealth through word of mouth in my investment club, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Fast execution|Social trading features|Dividend tracking

Cons: Live chat only during business hours

A disaster from day one

M
Mia F.
3 months ago

My withdrawal from Prestige Private Wealth was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for roughly four months of being strung along.

Pros: Competitive fees|No hidden fees|Stable platform

Cons: Minimum deposit could be lower

Run the other way

S
Steven C.
3 months ago

My withdrawal request from Prestige Private Wealth 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: Reliable uptime|Portfolio tracking tools|Customizable dashboard

Cons: Inactivity fee applies after 12 months|None so far

Spread widened during news without notice

L
Leo H.
3 months ago

The reporting at Prestige Private Wealth is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: API access|Transparent fees|Competitive fees|Dedicated account manager

Cons: Research section could be deeper

No investor compensation scheme

J
James G.
4 months ago

I had a dispute with Prestige Private Wealth and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Transparent fees|Dividend tracking

Cons: No fractional shares|Alert system is basic