BOLD PRIME

Bold Prime Information

Bold Prime is a Forex CFD provider that provides tradable instruments including CFDs, Options, Indexes, Shares, and Commodities. The broker also provides four live accounts with a maximum leverage of 1:2000. The minimum spread is from 0.0 pips and the minimum deposit is $15. Traders can also use MT4 and MT5 trading with Bold Prime and experience 24-hour customer support.

Pros and Cons

Is Bold Prime Legit?

Bold Prime is regulated by ASIC under license No.001305306 and License Type Appointed Representative(AR), making it safer than unregulated.

What Can I Trade on Bold Prime?

Bold Prime offers various market instruments, including Over 27 Different FOREX CFD Pairs, Options, Indexes, Shares, and Commodities.

Account Type

Bold Prime has four account types: MT4 Prime ECN, MT4 Prime Standard, MT5 Prime ECN, and MT5 Prime Standard. Traders who want low spreads and leverage can choose ECN accounts, while those with a small budget can open an MT4 Prime Standard account.

In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus). Muslims are allowed to open Islamic accounts without swaps.

Bold Prime Fees

The spread starts from 0.0 pips. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:2000 meaning that profits and losses are magnified 2000 times.

Trading Platform

Traders can conduct financial activities in MT4/MT5 available in iOS, AQndroid, and Windows. Junior traders prefer MT4 over MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems. (The MT4 platform focuses on the Forex and CFD markets, while the MT5 platform deals with the Forex, Futures, Stocks, Bonds, and Options markets.)

Deposit and Withdrawal

The first deposit amount must be $15 or above. However, transfer processing times, methods, and associated fees are unknown.