Bold Prime Comprehensive Review — All You Need To Know

Bold Prime broker review 2022

Bold Prime is among the most popular forex brokerages today. The company was founded in 2021, and the headquarters are in Saint Vincent and the Grenadines. The company has been providing quality services to its clients and has earned a good reputation. The company is also highly regulated and offers a leverage range of up to 1:2000.

The company also supports multiple currencies, which is a big plus for traders who want to trade in different currencies. They offer the support of MT4 and MT5 platforms, and the tradable instruments include forex, stocks, and indices. Customer support is available from 9:00 AM to 5:00 PM (GMT+2).

The company doesn't provide any information about the number of active clients or whether they are publicly traded. However, they offer a demo account to their clients, which is a big plus. In addition, the minimum deposit is $15, which is relatively low compared to other brokerages.

Bold Prime can be an excellent choice for forex traders looking for a reliable brokerage. The company offers a wide range of features and services that meet the needs of even the most demanding trader. Bold Prime has yet to receive its regulatory license from authorities, but it operates with an offline license in Saint Vincent and the Grenadines.

Safety information about the Bold Prime platform

As mentioned earlier, the Bold Prime broker has not received its regulatory license yet. However, they operate with an offline license in Saint Vincent and the Grenadines. In addition, they have taken all the necessary measures to ensure that the platform is safe and secure when it comes to security. For example, they use SSL encryption to protect their clients' data and have a strict anti-money laundering policy in place.

With Know Your Customer (KYC) and Anti-MoneyLaundering (AML)compliance, the Bold Prime platform has employed the latest security technologies to protect its clients' information. KYC and AML are essential for clients' safety as they help prevent fraud and money laundering.

Bold Prime has implemented all the modern data security technologies for protecting clients' sensitive data, like two-factor authentication (2FA) and encryption. The 2FA adds an extra layer of security to the login process by requiring the user to input a code sent to their mobile phone. As a result, it is impossible for hackers to access the account even if they have the password.

Within a short period, the company has gained the trust of its clients and has become one of the most popular forex brokerages today. The company offers a leverage range of up to 1:2000, and they also support multiple currencies, which is a big plus for traders. In addition, bold Prime provides secure ways to deposit and withdraw with a minimum deposit of only $15.

Bold Prime broker fees information

Bold Prime offers multiple trading account types, each designed for a different profile of traders, and the fee structure varies as per profiles. The spreads offered by Bold Prime also vary by the account types, and they start from 0.1 pips and go up to 1.8 pips. In addition, bold Prime offers multiple ways to deposit and withdraw, including credit/debit cards, bank wire transfers, and e-wallets.

The deposit and withdrawals take around two to four business days to complete, which is slow compared to other brokerages. There is no information available regarding deposit and withdrawal fees at Bold Prime. You need to contact the Bold Prime support team to know more about their deposit and withdrawal fees. However, you need to pay the third-party fees your banks will charge for the transactions. Bold Prime offers leverag up to 1:2000, which is quite high compared to other brokerages.

Spreads fees information of Bold Prime broker

Bold Prime offers four trading accounts, and the spreads vary according to the account type. The minimum spread is 0.1 pips, and the maximum spread is 1.8 pips. They also charge commissions on a per-lot basis, and it starts from $0.7 and goes as high as $7 per lot.

They've not mentioned whether the spreads are floating or fixed. The spreads are slightly higher than other brokerages, but they are still competitive. You need to pay the commissions on all your trades, which can add up over time. Bold Prime offers leverage up to 1:2000, which is on the higher side when compared to other brokerages. It can be both good and bad, depending on your trading strategy.

Swap fees details at Bold Prime

You need to pay a swap charge for holding your position overnight. The swap charges at Bold Prime vary according to the currency pairs you trade. They've not mentioned the exact swap fees they will charge against your positions. So, you need to contact the Bold Prime customer support team to know more about the swap fees.

For Muslims, they also offer a swap-free Islamic account. In addition, there is no interest charged on positions that are held overnight in Islamic accounts. The company also offers a demo account to its clients, which is a big plus.

Deposit and withdrawal methods available at Bold Prime

Bold Prime offers multiple ways to deposit and withdraw, including credit/debit cards, bank wire transfers, and e-wallets. The deposit and withdrawals take around two to four business days to complete, which is slow compared to other platforms. There is no accurate information on their website regarding deposit and withdrawal fees at Bold Prime. Both the deposit and withdrawals are secure as the website is encrypted with SSL security. The minimum deposit is $15, which is relatively low compared to other brokerages. We can say that the Bold Prime deposits and withdrawals are convenient and user-friendly.

When it comes to withdrawal, traders need to submit a withdrawal request form and supporting documents. The company takes two to four business days to process the withdrawal request. Once the withdrawal request is approved, the amount will be credited to your account within four business days. You can proceed with the client portal's withdrawal request by logging into your account. Overall, the deposit and withdrawal process of Bold Prime is safe, and the data is encrypted with SSL security. Below are the details regarding the minimum deposit for every account on Bold Prime:

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

The minimum deposit is low and the Cent account, which is the entry-level account at Bold Prime offers decent features to traders.

Deposit and withdrawal methods

● All major credit cards

● E-wallets

● Wire transfer

Information about tradable markets and products on Bold Prime

Bold Prime is one of the few brokers that offer forex, stocks, and indices trading. They have more than 50 currency pairs that you can trade with. You can trade popular currency pairs like EUR/USD, GBP/USD, and USD/JPY with Bold Prime. They also offer exotic currency pairs like EUR/TRY and USD/MXN.

The company also offers stock CFDs traded on popular exchanges like the NYSE, NASDAQ, and London Stock Exchange. The spreads start from 0.1 pips and go up to 1.8 pips. The company also offers CFDs on major indices, and they are as follows: US30, UK100, GER30, and JPN225. They also offer CFDs on stocks, and the list of stock CFDs that they provide is quite long.

Bold Prime offers a good selection of forex, stocks, and indices in terms of tradable products. The spreads are quite competitive when compared to other brokerages. You need to pay a commission on all your trades, which can add up over time. The company offers leverage up to 1:2000, which is on the higher side when compared to other brokerages.

As Bold Prime supports MT4 and MT5 trading platforms, the company has several active clients due to this advancement. MT4 is one of the most popular trading platforms globally, and almost all brokerages offer it. MT5 is the latest version of the MetaTrader platform, and it provides some additional features compared to MT4.

You can trade multiple markets from 0.01 to 1.8 lot, the minimum trade size. The company doesn't mention the maximum trade size that you can place. Bold Prime offers minimum leverage of 1:300, which is on the higher side when compared to other brokerages. Having flexibility in leverage gives traders the ability to trade with bigger opportunities.

Bold Prime leverage range information

The leverage range at Bold Prime is between 1:300 to 1:2000, which is higher than what other brokerages offer. It is both good and bad, depending on your trading style. If you're a new trader, starting with lower leverage is better. Bold Prime doesn't have any information about the margin requirements. So, you need to contact their customer support team to get more details on the margin requirements.

For those new to trading, leverage is a compelling concept. It gives you the ability to trade with more money than what you have in your account. For example, if you have $1000 in your account and are trading with 1:100 leverage, you're effectively trading with $100,000. Leverage can help you make more profit, but it can also lead to bigger losses. So, use it wisely. The stop-out level for every account is set at 50%, and all accounts support micro lot trading. Moreover, index CFD trading is also available to all subscriptions.

Available trading platforms on Bold Prime

Bold Prime is among the leading brokerages that offer MT4 and MT5 trading platforms. These are two of the most popular trading platforms in the world. Almost all brokerages offer an MT4 trading platform, and a few of them offer an MT5 trading platform.

MT4 and MT5 platforms offer a wide range of features and tools that can be used by traders to make informed decisions. These platforms also offer a great deal of flexibility and customization. You can customize the look and feel of these platforms to suit your trading style.

They also offer dedicated mobile applications for both Android and iOS devices. These mobile applications offer all the features that are available on the desktop versions of these platforms.

MetaTrader 4

MetaTrader 4 is one of the most popular trading platforms in the world. Almost all brokerages offer it. The platform is very user-friendly, and it offers a wide range of features and tools. As a result, MetaTrader 4 is a great platform for both new and experienced traders. The platform offers a great deal of flexibility and customization. Moreover, the platform is available in multiple languages.

MetaTrader 5

MetaTrader 5 is the latest version of the MetaTrader platform. It offers some additional features when compared to MetaTrader 4. The platform is very user-friendly, and it offers a wide range of features and tools. MetaTrader 5 is a great platform for both new and experienced traders. The main difference between MetaTrader 4 and MetaTrader 5 is that MetaTrader 5 offers more advanced features.

Bold Prime mobile application

The mobile application of Bold prime offers all the features available on the desktop versions of these platforms. The mobile application is very user-friendly, and it offers a great deal of flexibility and customization. The mobile application is available for both Android and iOS devices. If you prefer to trade on the go, then the Bold Prime mobile application is a great option.

You can also deposit and withdraw money using the mobile application. In addition, you can access a wide range of tradable instruments, including forex, stocks, and indices, through the Bold Prime app.

Moreover, Bold Prime also offers a demo account, a great way to test the platform and its features. The demo account is available for both MetaTrader 4 and MetaTrader 5 platforms. Using the Bold Prime demo account, you can trade with virtual money in a risk-free environment.

Available accounts on Bold Prime

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

Cent account

The minimum deposit for this account is $15, and the spreads start from 0.1 pips. You can trade with leverage up to 1:1000, and the stop-out level is set at 50%. Moreover, micro-lot trading is available with this account for up to 300. You can also perform index CFD trading, and there are up to 10 trading styles allowed with the Bold Prime Cent account. Moreover, the order distance restriction feature is also available with this account.

Standard account

The minimum deposit for this account is $15, and the spreads start from 1.8 pips. You can trade with leverage up to 1:2000, and the stop-out level is set at 50%. Moreover, micro-lot trading is available with this account. You can also perform index CFD trading, and there are up to 10 trading styles allowed with the Bold Prime Standard account. Moreover, the order distance restriction feature is also available with this account, and support for Islamic accounts is also available.

Prime Raw account

The minimum deposit for this account is $150, and the spreads start from 0.0 pips. You can trade with leverage up to 1:300, and the stop-out level is set at 50%. Moreover, micro-lot trading is available with this account for up to 450. You can also perform index CFD trading, and there are 20 trading styles allowed. The order distance restriction feature is not available with this account. The servers of these accounts are located in the US and Europe. Bold Prime this account supports MT4 ECN.

Prime Platinum account

The minimum deposit for this account is $400, and the spreads start from 0.0 pips. You can trade with leverage up to 1:500, and the stop-out level is set at 50%. Moreover, micro-lot trading is available with this account for up to 450. You can also perform index CFD trading, and there are 20 trading styles allowed. The order distance restriction feature is not available with this account. The servers of these accounts are located in the US and Europe. Bold Prime this account supports MT5.

Steps to open an account with Bold Prime broker

You can easily open an account with Bold Prime by following these simple steps:

● First, you need to go to the official website of Bold Prime and click on the 'Open Account' button.

● After that, you need to fill out the online registration form with your personal details like name, email, phone number, etc.

● Once you have completed the registration form, you will need to upload some documents like your passport or ID or proof of address.

● Once your documents have been verified, you will need to make a deposit into your account. The minimum deposit is $15.

● Once you have made the deposit, you can start trading with Bold Prime.

Customer support options at Bold Prime

Bold Prime offers several customer support options to its clients. The first and most important customer support option is the live chat feature. This feature is available on the website, and you can use it to instantly get in touch with a customer support representative.

Another customer support option offered by Bold Prime is email support. You can send an email to Bold Prime at support@boldprime.com, and a customer support representative will get back to you as soon as possible.

Research tools available at Bold Prime

There are a few research tools available on the Bold Prime website. These research tools can help you make better-informed decisions while trading. Following are the tools available at Bold Prime:

Demo trading account

You can open a demo trading account with Bold Prime to test out their trading platform and see how it works. The demo account comes with virtual money so that you can trade without any risk.

MT4 and MT5

Bold Prime offers support for MT4 and MT5 trading platforms. These are two of the most popular trading platforms globally, and they provide a wide range of features.

Educational content at Bold Prime

The Bold Prime platform offers webinars to its clients to improve their trading skills. These webinars are conducted by professional traders who have a lot of experience. The topics covered in these webinars include risk management, technical analysis, and fundamental analysis.

Bold Prime in a nutshell

Bold Prime is one of the popular forex brokers offering online trading services. The company is based in St. Vincent, and they operate on an offline license. They are yet to get their regulatory license from reputed authorities, but their client base is growing rapidly. Overall, it's a reliable broker for those looking for a modern online trading platform.

FAQ:

How to open your trading account with Bold Prime?

To open a trading account with Bold Prime, you need to fill out the online registration form and submit the required documents. Once your account is approved, you will be able to fund your account and start trading.

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.

What are the leverage options offered by Bold Prime?

The leverage options offered by Bold Prime are from 1:300 to 1:2000.

What platforms does Bold Prime support?

The platforms supported by Bold Prime are MT4 and MT5.

What are the spreads offered by Bold Prime?

The spreads offered by Bold Prime start from 0.1 pips.

Is Bold Prime a regulated broker?

Bold Prime is not a regulated broker yet, but they are operating with an offline license in Saint Vincent and the Grenadines.

Does Bold Prime offer educational content?

They don't have any comprehensive content, but they do offer webinars.

Does Bold Prime offer customer support?

Yes, Bold Prime offers customer support from 9:00 AM to 5:00 PM (GMT+2) throughout the week. You can contact Bold Prime via email or live chat.

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 are not accepted 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 for withdrawal is 2-5 days.

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

The methods available for deposit are credit/debit cards, bank wire transfers, and e-wallets. The methods available for withdrawal are credit/debit cards, bank wire transfers, and e-wallets.

Does Bold Prime offer a demo account?

Yes, Bold Prime offers a demo account to their clients.

How can I change my password in Bold Prime?

You can change your password by logging into your account and going to the 'Settings' tab. Click on the 'change password' option and follow the instructions.

How can I close my Bold Prime account?

You can close your Bold Prime account by logging into your account and going to the 'Settings' tab. Click on the 'close account' option and follow the instructions.