Bold Prime operates with 4 live account types [MT4 Prime ECN, MT4 Prime Standard, MT5 Prime ECN, MT5 Prime Standard] with a stop out level of 30%.
The minimum deposit on the ECN accounts is $150.
Bold Prime Company Information and Regulation
Bold Prime was founded in 2020 and has its physical address at No. 1902, Silver Tower 346, Business Bay, Dubai UAE.
The company is regulated by the Australian Securities and Investments Commission (ASIC), which is a top-tier financial organization in the industry.
Bold Prime Key Specifications and Features Summary
In this section, similar to the process in our other reviews on Forex brokers, we will take a quick look at the key details:
Broker | Bold Prime |
Account Types | MT4 Prime ECN, MT4 Prime Standard, MT5 Prime ECN, MT5 Prime Standard, Demo |
Regulating Authority | ASIC |
Based Currencies | USD |
Minimum Deposit | $15 |
Deposit Methods | Credit/Debit Cards, E-Wallets, Bank Transfers |
Withdrawal Methods | Credit/Debit Cards, E-Wallets, Bank Transfers |
Minimum Order | 0.01 Lots |
Maximum Leverage | 1:3000 |
Investment Options | Copy Trading |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5 |
Markets | Forex, Commodities, Stocks, Indices, Crypto |
Spread | From 0.0 Pips |
Commission | From Zero |
Orders Execution | Market |
Margin Call / Stop Out | N/A / 30% |
Trading Features | Economic Calendar |
Affiliate Program | Yes |
Bonus & Promotions | Higher Leverage |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Live Chat, Email, Phone Call |
Customer Support Hours | 24/7 for Live Chat |
Live Account Types
Bold Prime provides 4 trading account types in 2 categories [Prime Standard, Prime ECN]. Here is a comparison:
Account Type | MT4 Prime Standard | MT5 Prime Standard | MT4 Prime ECN | MT5 Prime ECN |
Min. Deposit | $15 | $50 | $150 | |
Max. Leverage | 1:2000 | 1:1000 | 1:500 | |
Also, the broker enables demo trading, but it is available only on MetaTrader 5.
Bold Prime Registration and Verification
To open an account with this broker, you have a simple process ahead. Follow these steps:
- Visit the company's website and click on the "Signup" button;
- Provide the required details [Name, birth date, address, phone number, email address] in the registration form or go on with a Google/Facebook account;
- Create a password and confirm the statements below the form;
- Submit the code sent to your email.
For identity verification, provide necessary documents on the website.
Available Trading Terminals
Bold Prime provides access to 2 trading platforms that are so popular in the industry:
- MetaTrader 4: Charting tools, technical indicators, and more essential features and benefits, available on Android via Google Play Store, iOS via Apple App Store, Windows, and macOS
- MetaTrader 5: Enhanced features compared to MT4 with more timeframes and analytical objects, accessible on Play Store for Android, App Store for iOS, macOS, and Windows
Spreads And Commissions on Bold Prime
The main difference between Bold Prime's accounts is the costs structure in trading. Here is a rundown:
Account Type | MT4 Prime Standard | MT5 Prime Standard | MT4 Prime ECN | MT5 Prime ECN |
Min. Spread | 1.5 Pips | Zero Pips | ||
Commission per Round Lot | Zero | $7 | ||
Based on our examinations of the platforms and the broker, there are no additional fees/commissions in other aspects.
Funding Options and Withdrawal Methods
Bold Prime supports 5 payment methods for deposits and withdrawals:
- Credit/Debit Cards: VISA and MasterCard
- Wire Transfer: Bank transfers
- E-wallets: Skrill, Neteller
Copy Trading and Other Investment Products in Bold Prime
The broker offers copy trading functionality, allowing less experienced newcomers to automatically replicate the trades of successful traders.
This feature can be particularly useful for those who want to benefit from the expertise of others while learning the ropes of forex trading.
Bonuses and Promotions Offered on the Broker
At the time of writing, Bold Prime does not offer any specific bonuses or promotions. However, the broker provides a 1:3000 leverage as a promotional offer to its clients.
Bold Prime Support Services
This brokerage provides customer support through 3 contact channels:
- Email: support@boldprime.com
- Live Chat: Available on the website
- Phone: +97145589443
The support team is available 24/7 for live chat, which is a significant advantage for traders operating in different time zones.
However, the company's business hours are 9:00 to 17:00 (GMT+2), which might be the schedule for the phone support as well.
Trust Ratings and Performance Evaluations
Bold Prime's page on "Trustpilot" shows that it has received decent reviews from traders. Trust Scores on Reputable Sources:
- Trustpilot: 4.3/5 with over 1,200 user reviews
- ScamAdviser: 100/100 trust score
- ForexPeaceArmy: 1/5 based on 5 reviews
The number of scores on FPA are too low; therefore, we cannot take them into account.
Conclusion And Final Words
Bold Prime provides zero-spread trading on its MT4 Prime ECN and MT5 Prime ECN accounts in the cost of a $7 per lot commission. The broker's score on "Trustpilot" is 4.3/5 with more than 1,200 user reviews.
