Bold Prime Detailed Review: All You Need To Know

Bold Prime broker review

Bold Prime is among the leading forex brokers, established in 2020. The company is headquartered in Saint Vincent and the Grenadines but provides its services to clients worldwide. Traders highly appreciate the broker for its fast-paced trading environment, low spreads, and high leverage options.

Bold Prime is an offshore forex broker that isn't regulated by any major financial authority. However, the company operates with an offline license in Saint Vincent and the Grenadines. Bold Prime offers flexible leverage options from 1:300 to 1:2000, which is among the highest in the forex industry. The minimum deposit required to open an account with this broker is $15.

The company provides two of the most popular trading platforms – MetaTrader 4 and MetaTrader 5. Both platforms are available for desktop and mobile devices. In addition to forex, Bold Prime offers trading in stocks and indices. Demo accounts are available for those who want to test the broker's services before investing real money.

Bold Prime provides customer support via live chat, email, and telephone during business hours from 9:00 AM to 5:00 PM (GMT+2). There is no information available about the exact number of active clients. Bold Prime is not a publicly-traded company and isn't listed on any stock exchange.

Bold Prime platform safety information

Bold Prime is yet to receive its regulatory licenses from authorities, but they've ensured intact security for clients' funds by implementing modern security advancements. As a result, they've taken all the necessary steps to protect clients' investments, and their trading environment is entirely secured.

Bold Prime doesn't participate in any third-party deposit or withdrawal methods. So, all the transactions are processed by the company itself. The broker encrypts all the client information using 128-bit SSL encryption, the latest security technology. All the client funds are segregated from the company's operating funds and are kept in tier-1 banks.

Bold Prime has also implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure the safety of its clients. These policies require the company to verify the identity of each client before they're allowed to open an account and start trading. KYC and AML help both the Bold Prime broker and its clients by reducing the chances of fraudulent activities. Moreover, Bold Prime has implemented modern data security advancements to protect client's information from any cyber threats.

Due to Bold Prime's safe trading environment, fast execution speeds, and high leverage options, the broker has become very popular among experienced and novice traders alike. The company has managed to establish itself as one of the popular forex brokers in a short span. In addition, they've also implemented the 2FA, which is an extra layer of security for clients' accounts. Overall, we can say that Bold Prime is a reliable broker that offers a safe trading environment and a wide range of tradable assets.

Bold Prime broker fees structure

Bold Prime offers four different accounts, and the fee structure varies depending on the account type chosen. The broker has not mentioned anything about deposit or withdrawal fees. So, you need to contact customer support to know more about it. Moreover, the spreads also vary according to the account type, and it's in-between 0.1 pips and 1.8. Bold Prime offers multiple ways to deposit and withdraw money from your account. You can use bank wire transfers, credit/debit cards, or e-wallets like Skrill and Neteller.

The deposit and withdrawals can take anywhere between two to four business days to reflect in your account. Compared to other brokers, the processing time is slightly slow. In addition, you need to keep in mind that you need to pay the third-party withdrawal processor fees that banks and payment service providers charge.

Bold Prime offers a leverage of up to 1:2000, which is among the best in the industry. It is an essential factor to consider, especially if you're a scalper or a day trader. The higher the leverage, the higher the risks. So, you need to be careful while trading with high leverage. The minimum deposit required to open an account with this broker is $15, which is relatively low.

Spreads fees at Bold Prime broker

As mentioned earlier, there are four account types at Bold Prime broker, and the spreads vary according to the account type. The minimum spread is 0.1 pips, and the maximum spread that you will get is 1.8 pips. Moreover, Bold Prime also levies commissions on lots, and it starts from $0.7 and goes up to $7 per lot.

Bold Prime has not mentioned whether they offer fixed or floating spreads. In most cases, brokers that offer floating spreads tend to increase the spread during high market volatility, making it difficult for traders to profit. You have to pay a commission on every lot that you trade, and the amount depends on the account type that you have chosen.

The leverage options provided by this broker are quite flexible as they range from 1:300 to 1:2000. The high leverage ratios can be both an advantage and a disadvantage as it magnifies both profits and losses.

Swap fees at Bold Prime

A swap fee is something that many traders are not aware of. Swap fees are charged by the broker when a trader holds a position overnight, and it is either a positive or negative fee depending on the interest rate of the currency pair.

For example, if the interest rate of EUR/USD is 0.50%, and you hold a long position overnight, you will be charged a swap fee of 0.50% * amount of lots * notional value of the trade. If you hold a short position, you will be paid the swap fee. The swap fees at Bold Prime are not mentioned on their website, and you need to contact their support team to know more about the swap fees.

Bold Prime deposit and withdrawal options

Bold Prime offers you a wide range of deposit and withdrawal methods. The most popular ones are credit/debit cards, bank wire transfers, and e-wallets like Skrill and Neteller. The minimum deposit amount is $15, and there is no maximum limit. Withdrawals are processed within 24 hours but may take up to 2 to 4 days to reflect in your account, depending on the method used. Deposit and withdrawal processes are secured with the latest SSL encryption technology. So, you don't have to worry about the safety of your funds.

Traders need to fill out a withdrawal request form for withdrawal and submit it to the broker. The request will be processed within 24 hours, and the funds will be transferred to your account within 2 to 4 days, depending on the bank. Once the withdrawal process is completed, you will receive an email confirmation, and the amount will be credited to your savings balance. Next, you need to visit the client's portal for the deposit and withdrawal process. Overall, both deposit and withdrawal are straightforward. Below is the minimum deposit information with respect to every account:

• Cent — $15
• Standard —$15
• Prime Raw — $150
• Prime Platinum — $400

Cent is the entry-level account with the lowest minimum deposit of $15. With this account, you can trade micro-lots (0.01), and the maximum leverage is 1:1000.

Deposit and withdrawal methods

• All major credit cards
• E-wallets
• Wire transfer

Tradable markets and products on Bold Prime

Bold Prime is among the popular brokers that offer forex, stocks, and indices trading. The company provides more than 50 currency pairs for trading, including majors, minors, and exotics. For example, the spreads on EUR/USD start from 0.1 pips while the maximum is 1.8 pips. Leverage options are also high with this broker, which can go up to 1:2000. You can trade all popular currency pairs, including EUR/USD, GBP/USD, USD/JPY, and AUD/USD. Moreover, you can also trade exotic pairs such as EUR/TRY and USD/MXN.

The broker also provides CFDs on stocks and indices. You can trade CFDs on more than 250 stocks from popular companies like Amazon, Facebook, and Google. You can also trade index CFDs on major exchanges, including NASDAQ, S&P 500, and Dow Jones. The spreads are competitive and start from 0.1 pips.

You get the support of MT4 and MT5 platforms when you open an account with Bold Prime. Both these platforms are available for desktop as well as mobile devices. You can use the same login credentials to access your account on any platform. The platforms are equipped with all the necessary tools and features that a trader needs for a successful trading experience. For example, bold Prime doesn't mention the maximum trade size for any tradable markets.

The minimum leverage available at Bold Prime is 1:300, and the maximum is 1:2000. In addition, Bold Prime also offers Islamic accounts with Swap-free options. Overall, you get higher flexibility in tradable markets and products when you open an account with this broker.

Leverage range at Bold Prime

The leverage range available at Bold Prime is from 1:300 to 1:2000. This is one of the highest leverage ratios in the forex industry, and it gives traders a lot of flexibility in how they want to trade. It's an advantage for those who want to trade with a high degree of risk, but it's also a disadvantage because it can lead to heavy losses if the trade doesn't go as planned. In addition, the minimum deposit required to open an account is $15, which is very low compared to other brokers.

For those who don't know, leverage is the ratio of the amount of money you're borrowing from the broker to the amount of money you have in your account. For example, if you're trading with a 1:100 leverage, it means you're borrowing $1 for every $100 you have in your account.

Bold Prime trading platforms

Bold Prime is popular among traders as it offers support for both MT4 and MT5 trading platforms. These platforms are available as desktop versions as well as mobile apps. In addition, the broker also offers a dedicated mobile application available for Android and iOS.

MT4 is more popular among experienced traders. It offers a wide range of features and customization options. MT5, on the other hand, is the newer platform and is considered more user-friendly. In addition, it offers a more intuitive interface and advanced charting tools.

MetaTrader4

MetaTrader 4 is among the most popular trading platforms in the forex industry. The platform is known for its wide range of features and customization options. It offers a more sophisticated trading environment and is suitable for experienced traders. MT4 offers a wide range of technical indicators and charting tools. It also supports automated trading via Expert Advisors.

MetaTrader 5

MetaTrader 5 is the newer version of the MetaTrader platform. It offers a more user-friendly interface and advanced charting tools. MT5 also supports automated trading but has more restrictive rules than MT4. The platform is suitable for both experienced and novice traders. MT5 offers robust features like market depth and an economic calendar.

Bold Prime mobile application

The broker also offers a dedicated mobile application available for Android and iOS. The app is designed to provide a seamless trading experience on the go. It provides all the features and tools available on the desktop versions of the MetaTrader platforms. Bold Prime mobile app is user-friendly and easy to navigate, and it offers a wide range of features and trade customization options. Both deposit and withdrawal methods are quick and easy on the Bold Prime mobile app.

In addition, Bold Prime also offers demo accounts which are helpful for those who want to test the broker's services before investing real money. A demo account is an account in which the trader uses virtual money to practice trading. This is a valuable tool for novice traders as it helps them to learn about the market and develop their trading strategies.

Available accounts on Bold Prime

There are four types of accounts available on Bold Prime, which are:

Cent account

It's the entry-level account type offered by Bold Prime with a minimum deposit of $15. The commission per lot is $0.07, and the spreads start from 0.1 pips. The account offers leverage up to 1:1000, and micro lot trading is available. This account supports 300 currency pairs and ten trading styles. Cent account also has the option for Islamic accounts. Moreover, you get a stop-out level at 50%, and you have the option of order distance restriction with the Cent account. Moreover, the Cent account supports MT4.

Standard account

The standard account also supports the MT4 trading platform, and there is no commission charged per lot. The minimum deposit for this account is $15, and the spreads start from 1.8 pips. The account offers leverage up to 1:2000, and micro lot trading is available. This account supports 300 currency pairs and ten trading styles with order distance restrictions. The Bold Prime Standard account also supports Islamic trading with a stop-out level of 50%.

Prime Raw account

The Prime Raw account is an MT4 ECN account with a minimum deposit of $150. The commission charged per lot is $7, and the spreads start from 0 pips. The account offers leverage up to 1:300, and micro lot trading is available. This account supports 450 currency pairs and 20 trading styles with no order distance restriction. Moreover, the account has a stop-out level of 50% and supports Islamic trading.

Prime Platinum account

This account of Bold Prime comes with the support of MT5, and it is an ECN account. The minimum deposit for this account is $400, and the commission charged per lot is $7. The spreads start from 0 pips with this account, and it offers leverage up to 1:500. This account supports 450 currency pairs and 20 trading styles with no order distance restriction. It also has a stop-out level of 50% and supports Islamic trading.

How to open an account with the Bold Prime broker?

Follow these simple steps to open an account with Bold Prime:

• Visit the broker's website and click on the "Open an Account" button.
• A new page will open where you need to fill in your personal details like name, email, phone number, etc.
• Choose the account type that you want to open from the available options.
• Fill in the required information and submit the form.
• Once your account is approved, you will receive an email with your login details.
• You can then deposit funds into your account and start trading.

Customer support at Bold Prime

You don't have to worry about the customer support offered by Bold Prime because it is available 24/7, and you can contact the customer support team through live chat and email. You can contact them at support@boldprime.com throughout the week.

Research tools you get at Bold Prime

Bold Prime offers you a few important research tools that can be helpful in your trading. These research tools are:

Demo account

A demo account is an account where the trader uses virtual money to practice trading. It is a valuable tool for novice traders as it helps them learn about the market and develop their trading strategies.

MT4 and MT5

Bold Prime offers you the popular MT4 and MT5 trading platforms. These platforms are user-friendly and provide a wide range of features that can be helpful in your trading.

Educational content available at Bold Prime

The broker offers educational content like webinars covering various topics related to forex trading. You can learn about different trading strategies, risk management, and psychological aspects of trading through these webinars.

Bold Prime review in a nutshell:

Bold Prime is a good forex broker that offers several account types, leverage up to 1:2000, and micro lot trading. They're yet to receive their regulatory license, but they have an offline license. Overall, it's a good and secure broker to begin your trading journey.

FAQ

How to open your trading account with Bold Prime?

First, you need to visit the broker's website and click on the "Open an Account" button. A new page will open where you need to fill in your personal details like name, email, phone number, etc. Then, choose the account type that you want to open, and finally, submit the form.

What is the minimum deposit required to open a trading account with Bold Prime?

The minimum deposit required to open a trading account with Bold Prime is $15, and for a Prime Platinum account, the minimum deposit is $400.

What are the leverage options offered by Bold Prime?

The leverage options offered by Bold Prime are from 1:300, which goes up to 1:2000.

What platforms does Bold Prime support?

Bold Prime supports MT4 and MT5.

What are the spreads offered by Bold Prime?

Bold Prime offers spreads from 0.1 pips.

Is Bold Prime a regulated broker?

No, Bold Prime is not a regulated broker yet. They do have an offline license, though.

Does Bold Prime offer educational content?

Yes, Bold Prime offers webinars on various topics related to forex trading.

Does Bold Prime offer customer support?

Yes, Bold Prime offers customer support 24/7. In addition, you can contact them through live chat and email.

What account types do Bold Prime offer?

Bold Prime offers four types of accounts: Cent, Standard, Prime Raw, and Prime Platinum.

Can US residents sign up on Bold Prime?

No, US residents cannot sign up on Bold Prime.

What's the average duration for deposit and withdrawal at Bold Prime?

The average duration for deposit is 1-2 days, and withdrawal takes around 2-5 days.

What methods can I use to deposit and withdraw on Bold Prime?

To deposit and withdraw on Bold Prime, you can use wire transfer, credit/debit card, and e-wallets like Skrill, Neteller, etc.

Does Bold Prime offer a demo account?

Yes, Bold Prime offers a demo account where you can practice your trading strategies without risking any real money.

How can I change my password in Bold Prime?

To change your password in Bold Prime, you need to log into your account and go to the "Settings" section. There, you will find the option to change your password.

How can I close my Bold Prime account?

You can close your Bold Prime account by logging in to your profile and going to the "Settings" tab. Then, click on the "close account" to proceed.