The landscape of online trading is extending its path with time. While searching for the most reliable platform for trading purposes, we cannot forget to talk about Bold Prime. It can be an excellent internet-based forex CFD provider for high-volume traders and scalpers. Founded by experts from different areas of the finance industry who worked together to develop a blend of the various advantages, benefits, and features of industry-standard retail financial firms, Bold Prime was an innovative platform. Bold Prime incorporated all of those elements and took retail brokerage to another level. Continue reading this comprehensive review of this well-known trading platform!
Bold Prime Overview
| Broker Name | Bold Prime |
| Country | SVG |
| Regulation | No |
| Minimum Deposit | $15 |
| Trading platforms | MT4, MT5 |
| Available assets | forex, commodities, indices, and stocks |
| Website | www.boldprime.com |
Understanding Bold Prime
Established in 2020, Bold Prime has its headquarters in Kingstown, Saint Vincent, and the Grenadines. It is an online trading broker designed for traders across the globe to provide the highest quality of the retail market for forex CFD trading. Bold Prime provides customers with the well-known MetaTrader platforms to trade forex, stocks, cryptocurrencies, CFDs, and other instruments for trading.
The platform applies the STP execution system, which focuses on providing immediate access to the interbank market. Straight Through Processing (STP) is a well-known execution model that sends orders from traders directly to the market without having them pass through the dealing desk. This ensures that there isn’t any conflict between the broker and the trader.
Bold Prime Key Features
- Regulated by ASIC and the FSC
- 4 types of accounts
- A welcome offer of $30 is offered to customers who are already prime
- Tier-based IB program
- A loyalty program based on the tier
- Live chat and email assistance
Platforms Available
Bold Prime has a network and infrastructure of trading platforms feasible for any type of trading, from professional traders to novice crowds seeking a reliable, fully equipped, and effective platform. You can trade online through the powerful and user-friendly MetaTrader platforms that work on all your devices. There are no limits on trading with these platforms. Bold Prime MetaTrader 4 and 5 platforms enable everything from analyzing the market to managing trades and placing them in the most efficient way possible.
Designed by MetaQuotes, the MT4 and MT5 platforms have evolved to become the top trading platforms for CFD and forex traders across the world. MetaQuotes Software is a reputed provider of the most reliable and high-end software solutions in the financial market. Carrying a record of great results and offering a variety of cutting-edge products and services, the company has taken over the retail Forex market’s leadership position with its software. They work with a variety of brokerage companies and banks around the world, including Bold Prime.
MetaTrader 4
MetaTrader 4 (MT4) is extremely user-friendly and features an intuitive and completely customizable interface that makes online trading fun. It’s easy enough for novices, yet it provides enough functions and features to satisfy the requirements of the most demanding traders.
The MT4 trading platform features:
- Real-time price quotes
- Charting tools
- Market Indicators
- Flexible order kinds
- One-click trading
- Scripts
- Expert advisors
- Innovative risk-management tools for managing risks
- Real-time market execution
The Bold Prime MetaTrader 4 server relies on high bandwidth, fast processing servers, and data centers. This MetaTrader server connects with the brokerage and pricing suppliers to ensure low latency and speedy trading.
MetaTrader 5
Launched in 2012, MT5 has been a huge success, as it comes with higher-end options and features for trading. However, MT4 is more popular, whereas MT5 generally focuses on trading shares.
This platform comes with all the necessary tools to facilitate financial trading, including technical and fundamental analysis, copy and algorithmic trading, the creation of customized technical indicators, and trading robots.
The MT5 trading platform features:
- Market-leading spreads and minimal commissions
- Leverage up to 1:1000
- Size of the minimum lot: 0.01
- The latest technology from MetaQuotes
- There are no restrictions on trading
- Expanded CFD Instruments
There are no limitations on trading on the Bold Prime MetaTrader 5 platform. The traders benefit from margin netting because they do not have to pay for margin for hedged transactions.
Other Tools Available
- Education
You can find a few educational articles and guides about trading on the website to help clients improve their understanding and trading skills.
- Market Analysis Reports
Bold Prime also offers daily morning reports and trade ideas for the afternoon and morning.
Marketing At Bold Prime
Bold Prime is a multi-asset brokerage that allows you to trade a range of CFD instruments, including commodities, indices, forex, shares, and stocks. A CFD is an investment contract used to pay the difference in settlement prices between the trading opening and the closing. CFDs are essentially a way for traders to speculate on the future direction of securities in the very short term and are particularly popular for FX and commodities.
You can purchase and sell CFDs using Bold Prime to speculate on the prices in both the short and long term. If you believe that the price could increase, you might think about buying the asset. If you think that the price will drop, it is possible to think about selling it.
Pros
- Multi-asset broker: forex shares, indices
- Spreads starting at 0.0 pip
- Cost-effective trading and quick execution
- Most well-known MetaTrader 4/5 platforms
- $15 minimum deposit
- Zero deposit fees
- Different types of accounts are available to meet various client requirements
- Flexible withdrawal and funding options
- There are no restrictions on trading
- Free demo accounts
- There are no inactivity fees
- Free-of-cost accounts for swapping
- Begin trading in just 5 minutes
Cons
- No negative balance protection
- Information on the website that is contradictory
- Only bank transfers via the Internet are allowed.
- There is no telephone support
- Small asset list
- A relatively new broker
- There isn’t a help desk or FAQ section.
- Access to limited resources that only clients can access
Is It A Reliable Platform?
Bold Prime is a leading online platform for trading and investing designed to assist customers in getting the most profit, bonuses, and secure withdrawals without any extensive research or prior experience. It is a global organization with regional offices across the globe. Bold Prime is not an excellent broker due to numerous complaints and reports from customers about the loss of money scams.
Moreover, Bold Prime has very poor customer service. So, you must read the conditions and terms thoroughly before investing in any trading platform on the internet. Many traders ignore this and assume it is a given. But in the end, Bold Prime isn’t a great broker.
Conclusion
Utilizing cutting-edge technology, Bold Prime provides very competitive trading conditions that are effective for the convenience of a retail broker. You can begin trading in moments due to the quick account opening and the funding process. The users also get the option of a free demo account, which can be a fantastic opportunity to gain insight into the platform’s services.