General Information
Bold Prime Limited Is An Online Brokerage Based In The United Arab Emirates That Offers A Wide Range Of Tradable Assets Including Forex, Commodities, Indices And Cryptocurrencies. Founded In 2020, The Company Offers Clients Up To 1:1000 Leverage On Forex Trading, Making It An Attractive Option For Traders Looking For A High Level Of Potential Profit. Bold Prime Also Offers Multiple Account Types With Different Minimum Deposit Requirements And Features To Accommodate Different Trading Strategies And Preferences. The Trading Platform Offered, Bold Prime, Is The Popular Metatrader 4 And Metatrader 5 Platforms Known For Its Advanced Charting Capabilities And User-friendly Interface. In Addition To Trading Services, Bold Prime Takes Customer Support Very Seriously, Offering 24/5 Multilingual Assistance Via Live Chat, Phone And Email.
Regulatory Information
It Appears That Bold Prime Is A Regulated Broker With Two Regulated Entities:
Authorized And Regulated By The Financial Crimes Enforcement Network, Bold Prime Limited Holds A Cryptocurrency License, Regulatory License Number: 31000223201128.
Bold Prime (au) Pty Ltd Is Authorized By The Australian Securities And Investments Commission (asic) And Holds A Designated Representative License (ar), Regulatory License Number: 001300520.
Pros And Cons
Pros
High Leverage Options Up To 1:500
Wide Range Of Account Types
User-friendly MetaTrader 4 And 5 Platforms
Online Chat Available
Minimum Deposit Of $15
Zero Deposit Fees
Demo And Islamic Accounts Available
7/24 Customer Support
Cons
Limited Payment Options For Deposits And Withdrawals
Not Accepting Customers From Certain Countries
No Proprietary Trading Platform
Limited Educational Resources
Market Tools
Bold Prime Offers Customers A Variety Of Tradable Tools Across Multiple Asset Classes. The Following Are The Main Categories Of Instruments That Can Be Traded Bold Prime's Platform:
Forex: Bold Prime Offers Trading In Major, Minor And Exotic Currency Pairs. Traders Can Take Advantage Of The 24-hour Market And High Liquidity Of The Forex Market To Trade With Tight Spreads And Low Commissions.
Indices: Bold Prime Offers Traders The Ability To Trade A Range Of Global Indices, Including The Standard & Poor's 500, Nasdaq, FTSE 100 And More.
Commodities: Traders Can Also Trade Commodities Such As Gold, Silver, Crude Oil And Natural Gas Online Bold Prime's Platform.
Cryptocurrencies: Bold Prime Offers Trading In Popular Cryptocurrencies (such As Bitcoin, Ethereum, And Litecoin) As Well As Other Counterfeit Products.
Account Types
Bold Prime Offers Three Types Of Trading Accounts: Standard, Prime Raw, And Prime Platinum. Each Account Has Its Own Set Of Features And Requirements To Meet The Needs Of Traders At Different Levels.
Standard Accounts Are Suitable For Beginners With A Minimum Deposit Of $15. It Offers Variable Spreads From 1.8 Pips And Leverage Up To 1:500. Traders Have Access To Over 200 Trading Tools Including Forex, Commodities, Indices And Cryptocurrencies.
The Prime Raw Account Is Designed For Experienced Traders With A Minimum Deposit Requirement Of $150. The Account Offers Raw Spreads Starting From 0.2 Pips And A Commission Of $7 Per Lot Traded. With Leverage Up To 1:400 Provided, Traders Have Access To Over 250 Trading Tools.
The Prime Platinum Account Is For Advanced Traders Who Need More Competitive Pricing And A Tailored Trading Experience. It Requires A Minimum Deposit Of $150, Spreads Starting From 0.0 Pips And A Commission Of $7 Per Lot Traded. With Leverage Up To 1:200 Provided, Traders Have Access To Over 300 Trading Tools.
Demo Account
Bold Prime Offers A Free Demo Account For Traders Who Want To Test Their Trading Strategies And Familiarize Themselves With The Trading Platform Before Opening A Live Account. The Demo Account Simulates Real Market Conditions And Allows Traders To Practice Trading Using Virtual Funds. The Demo Account Is Available For All Three Account Types And Has All The Features Of A Real Account.
The Demo Account Is A Useful Tool For Beginners Who Want To Learn The Basics Of Trading As Well As Experienced Traders Who Want To Test New Trading Strategies Without Risking Their Money. It Allows Traders To Get A Feel For The Market, Practice Analyzing Charts And Indicators, And Learn How To Manage Risk.
One Of The Advantages Of The Bold Prime Demo Account Is That It Can Be Used Indefinitely, Which Means Traders Can Use It As Needed. The Demo Account Is Also Easy To Set Up And Does Not Require Any Personal Information Or Deposits.
Leverage
Bold Prime Offers Traders Flexible Leverage Options, Giving Them The Ability To Amplify Potential Profits, But It Should Be Noted That High Leverage Also Comes With Higher Risk. Maximum Leverage Offered On Bold Prime Standard Accounts Is 1:500, Premium Original Accounts Are 1:400, And Premium Platinum Accounts Are 1:200, Enabling Traders To Trade Larger Positions With Smaller Funds, But Also Requiring Them To Exercise Caution And Implement Effective Risk Management Strategies.
Spreads And Commissions (Trading Fees)
Bold Prime Offers Its Clients Competitive Spreads And Commissions. Spreads Vary Depending On Account Type And Market Conditions. Variable Spreads Start From 1.8 Pips On Standard Accounts, While Prime Raw And Prime Platinum Accounts Start From 0.2 Pips And 0.0 Pips Respectively, With A Commission Of $7 Per Lot Traded. This Means That Traders Who Opt For A Prime Raw Or Prime Platinum Account Can Benefit From Lower Transaction Costs, But They Also Have To Pay A Commission On Top Of The Spread. Overall, Bold Prime Offers Competitive Spreads And Commissions Compared To Other Brokers In The Industry, Making It An Attractive Option For Traders Looking To Keep Their Transaction Costs Low.
Non-Transaction Fees
Bold Prime Does Not Charge Any Fees For Deposits Or Withdrawals Made Via Bank Telegraphic Transfer Or Cryptocurrency. However, Certain Payment Methods May Incur Associated Fees, Such As Credit/debit Card Or E-wallet Transfers, Which Are Charged By The Payment Provider Itself. In Addition, The Broker Does Not Charge Idle Fees Or Account Maintenance Fees.
Trading Platform
Bold Prime Offers Metatrader 4 (mt4) And Metatrader 5 (mt5) Trading Platforms, Which Are Widely Regarded As One Of The Most Powerful And User-friendly Trading Platforms In The Industry. MT4 And MT5 Are Available For Desktop, Web And Mobile Devices, Allowing Traders To Access The Platform Anytime, Anywhere. The Platforms Offer A Range Of Advanced Charting And Analysis Tools, Multiple Order Types, And Customizable Indicators And Expert Advisors (EAS) For Automated Trading. Traders Can Also Take Advantage Of The Social Trading Features And Copy Trading Options Available On Both Platforms.
Deposit And Withdrawal
Bold Prime Offers Customers A Variety Of Deposit And Withdrawal Methods. Deposit And Withdrawal Methods Include Bank Telegraphic Transfer, Credit/debit Cards, And E-wallets Such As Neteller And Skrill. The Minimum Deposit Amount Is $15 And The Minimum Withdrawal Amount Is $50. Bold Prime Does Not Charge Any Deposit Fees; However, Depending On The Payment Method Used, Withdrawal Fees May Be Incurred.
Customer Support
Bold Prime Provides Customer Support Through Multiple Channels, Including Email, Live Chat, And Phone Support. Traders Can Contact The Support Team For Any Account-related Queries Or Technical Issues They May Have While Using The Platform.
The Customer Support Team Is Available 24 Hours A Day, 7 Days A Week. Traders Can Contact Them Through:
Email Support: Traders Can Email Queries Or Issues To The Support Team Through: [email protected]. The Support Team Will Usually Respond Within 24 Hours.
Live Chat Support: Traders Can Chat Live With The Support Team By Clicking On The Live Chat Icon On The Page. Bold Prime Website. Live Chat Support Is Available 24 Hours A Day, Monday To Friday.
