Prestige Coins Review: Dangerous Exposed Scam!

Prestige Coins is a company that might look genuine. However, a keen platform overview will prove this is another vague scam. Various regulatory agencies flag the entity. This makes them a dangerous venture. Those that deposit funds in the system will end up counting losses. 

Scammers are all the same. They advertise lucrative bonuses and profits. Their offers are tempting, and investors looking for get-rich-quick schemes count massive losses. The online investment venture is volatile. You need adequate skills and patience to earn reasonable returns. Moreover, the outcome you had yesterday will be different from tomorrow’s. 

Prestige-coins.com Review

Prestige Coins create an unconducive trading environment. Their inclusivity of accepting traders worldwide might seem like a better offer. However, there is more than what meets the eye. There are no benefits to trading with the scheme. 

The quality of customer support is also questionable. Choosing a broker should be a thorough exercise. Take your time and analyze the company. Check on the trading results and experience of other investors. 

Alternatively, you can check on some of the best forex trading companies. These are reliable firms with proven track records. They also offer great trading conditions. You will also enjoy the fast withdrawal process. 

Trading Conditions of Prestige Coins

Prestige Coins presents a web-based trading platform. It is a simple interface without advanced trading features. Reputable investment schemes will provide cTrader or MetaTrader software. MT4 and MT5 have programmable trading EAs, and you can create custom scripts. 

They also have fundamental and technical analysis tools. You can keep watch on your orders using VPS. These easy-to-use chart tools will streamline your trading experience. The majority of scammers use a web trader to manipulate the market price. You might assume you are winning while there is no trading happening. 

The entity trades EFTs, futures, metals, cryptocurrency, indices, shares, forex, and commodities. It offers 0.2 pips for EURUSD currency pair. It is a generous offer, but we doubt the dubious scheme will grant you these terms. 

Their leverage range from 1:200 to 1:500. The limit is hazardous, especially for rookie traders.  When accepting high leverage, you should note this is a double-sided sword. You can either make profits or losses. Moreover, Prestige Coins' leverage cap is beyond what most financial watchdogs approve.  

The European Union brokers can offer a 1:30 cap, while in the United States, 1:50. High leverage is available for expert traders. They have to prove their expertise and have enough capital in their account. 

Withdrawal and Deposits

The company accepts a minimum capital of $200. Do not lose your hard-earned cash by trusting an illegitimate scheme. Better brokers are accepting a deposit of $10 and above. Moreover, Prestige Coins has no trading history. You will be making a blind move by joining the platform. 

The scheme claims it accepts funds via VISA, Wire Transfers, OK Pay, and Bitcoin. However, we cannot verify the information. Ponzi schemes use payment options that limit traders from issuing a chargeback. 

Cryptocurrency payments like BTC are fast. Unfortunately, fraudsters take advantage of the anonymity feature. It is impossible to identify the wallet recipient. Additionally, you cannot issue a chargeback. 

Prestige Coins has no terms and condition policy. It is, therefore, impossible to know the associated charges. The venture may overcharge you or withhold your cash. It is important for a company to operate transparently.

Contact Details and Customer Support Services

Prestige Coins claims to be based in Zurich, Switzerland. Unfortunately, the company is not registered in the country. Scammers tend to come up with generic locations. It makes them appear authentic. However, this is not their actual headquarters. 

Fraudsters cannot risk exposing their den. The authority would come brazing at them. Reaching the customer support team is also impossible since there is no phone number. Ponzi schemes offer support via email. It is an easier option to ignore victims' messages. 

Prestige Coins may use multiple VoIP phone numbers for cold calling. They will contact you promising lucrative opportunities. If you are gullible, you end up making the first deposit. The company may allow you to withdraw to gain your trust. Then they will assure greater rewards. Guided by greed, you will even deposit more. 

This time the broker will not approve the withdrawal request. They will come up with all sorts of excuses. They may claim unforeseeable hitch occurred and that you must deposit cash to recover. Failure to honor their request they disable your account and withhold your money. Any attempt to contact will bear no fruit. 

Is Prestige Coins regulated?

Unfortunately, Prestige Coins does not have a license. The entity is operating independently without having a parent company. The individuals running the firm are anonymous. This limits any attempt to go after them when they shut down the operation. The regulatory bodies require brokers to operate transparently. 

The names and qualifications of them should be published on the website. However, we suspect the scheme is working with incompetent people. You cannot improve your trading skills or earn passive income. 

Moreover, Prestige Coins is blacklisted by British Colombia and Canadian financial watchdog. This is the last nail in the coffin. Venturing with a blacklisted enterprise exposes you to more danger. The authority cannot help recover your funds. It is impossible to trace ghost founders who leave no identity. 

The company is targeting investors in countries with strict jurisdiction. If the entity is genuine, it would have acquired a license and met the capital requirement. The latter is a huge amount that proves an enterprise can run its business successfully without embezzling traders. Invest with legitimate firms to enjoy great trading conditions. 

Are Funds Safe at Prestige Coins?

No! Prestige Coins is a blacklisted scam. They have no legit license from any reputable financial watchdog. The broker urges all investors, even those without trading knowledge, to join them. On the website, there are no available learning materials. 

Moreover, there are only negative reviews on the company. The venture can shut down its operations unceremoniously. They can also inflict hidden charges on their victims. If the firm withholds your cash, the authority cannot help. The risks of dealing with the entity are numerous. 

Prestige Coins does not report daily trading results to the financial bodies. Therefore, it is easier for them to manipulate the market price. There is no proof of payment or endorsement from existing clients. 

This is also an anonymous scheme. The company is not registered or licensed anywhere in the world. Avoid sharing personal data with the scheme. Scammers usually ask for ID, proof of address, and phone number. They can sell the information to third parties or criminals. 

Another major red flag is the availability of a basic trading interface. Prestige Coins cannot afford advanced software for clients. This should show you the platform’s lack of professionalism. 

Final Verdict 

Stay away from Prestige Coins, as it is a proven scam. There are many brokers with similar traits. You need to perform a thorough background check before opening an account. Look for clients' testimonials and the views of expert traders. 

Here are some of the best forex trading companies in the market. They have audited trading results. The brokers also deal with experts. The safety of their customers is their top priority. You can also use various payment methods to deposit and withdraw funds. Try them today! And enjoy real-time returns.