The Prestige Option EU connection is strong. Regulated by 6 European agencies, Prestige Option offers European traders 100 percent safety.
In this article, you will learn:
- How Prestige Option and the European Union work together,
- Why the Prestige Option EU cooperation is an advantage to traders, and
- Why traders profit from this cooperation regardless of where they live.
With this information, you will be able to understand the advantages of having an EU-regulated broker, and you will be able to decide for yourself whether this added security is important to you
Prestige Option EU: How Prestige Option and the European Union work together
Prestige Option works in strong cooperation with the European Union. In this cooperation, the EU monitors every aspect of Prestige Option business and, in return, allows Prestige Option to offer its service on the European market.
Prestige Option is registered with these European financial regulation agencies:
- Cyprus (Cyprian Securities and Exchanges Commission, CySEC),
- Germany (BaFin),
- France (Regafi.fr),
- Consob (Italy),
- AFM (Netherlands), and
- FCA (United Kingdom
These agencies enforce the European Union’s regulation for banking safety and online businesses. This regulation is aimed at two main criteria:
- Preventing illegal activity: Obviously, the European Union makes sure that all of the financial services that registered with them comply with all of their laws. That means you have six governments monitoring Prestige Option independently, making sure that there are no illegal activities, that the entire service is clean, and that you can safely invest your money.
- Setting certain minimum requirements: For any financial service, there are certain security features that could increase trader safety but also cost money or add inconvenience for the bank or broker. The European Union makes sure that all of their financial service providers employ these services and offer their customers a safe service.
Why this cooperation is an advantage to traders
Prestige Option’s cooperation has a number of advantages to traders. Most notably, you can be sure that Prestige Option complies with the standards that regular banks have to comply with, too, which adds a level of security to your online trading that is tough to find anywhere else.
When you are dealing with unregulated brokers, you are dealing with a black box. You have no idea if these brokers offer a trustworthy business, if they know how to run a business without going broke, and what would happen to your money if the broker has to file for bankruptcy. Making such decisions over the internet is always tough and includes an element of risk money transactions should not have.
Thanks to Prestige Option’s regulation by the European Union, things are different. One of the most crucial aspects of the regulation requirements is that Prestige Option has to keep enough money in a separate account to buy out all of their customers if the broker has to file for bankruptcy.
That means, regardless of what happens to Prestige Option, your money is safe. Even if they should go broke, you would simply get your account balance paid out, and you have not lost a Cent.
This is just one of the many ways in which the regulation by the European Union guarantees that you can trust Prestige Option. In addition to their money safety criteria, the European Union also monitors every aspect of Prestige Option for illegal activities. Consequently, as long as the European agencies lend their seal of trust to Prestige Option, you can be sure that their business is 100 percent trustworthy.
These regulations guarantee you that you invest your money with a trustworthy business and not a scam or a business that would take your money with them if they go broke.
Why traders profit from the Prestige Option EU cooperation regardless of where they live
The Prestige Option EU cooperation helps everyone, not only European traders. All of the European Union’s regulation apply to all customers of Prestige Option, even if they live on another continent. The crucial part is where Prestige Option registered their business, not where you live.
If you live in Asia, for example, Prestige Option still has to keep enough money in a separate account to buy you out in the case of bankruptcy. They still have to treat you with the same high legal standards as European customers, and you get to enjoy the same level of safety and peace of mind.
Because of its universal effect on Prestige Option’s entire business and all its clients, Prestige Option’s cooperation with the European Union is a great advantage for traders anywhere.
Prestige Option’s cooperation with the European Union adds a number of important security features to their business. The most significant of these features is the guarantee for your money in the event that Prestige Option should have to file for bankruptcy. Additionally, you get the peace of mind of knowing that there are no illegal activities taking place at Prestige Option.
If these advantages are something you would like in your trading, too, follow one of the links we provided for you, and start your trading career with Prestige Option now!