Bold Prime Review

Bold Prime is an online trading broker that is built by traders globally so that you can experience the best of retail forex CFD trading. They provide clients with the popular MetaTrader platforms for trading forex, stocks, cryptocurrencies, CFDs, and other trading instruments. Traders are offered excellent trading conditions, such as tight spreads, zero deposit fees and leverage of up to 1:1000.

Bold Prime

8.7

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

7.5/10

Features

  • Powerful MetaTrader 4/5 trading platforms
  • Hundreds of financial instruments
  • Minimum $15 deposit
  • 1:1000 maximum leverage
  • Zero deposit fees
  • Raw spreads from 0.0 pips
  • Reliable execution speeds
  • 24-hour customer support
  • Learning resources and trading tools
  • Instant account opening & funding

There are helpful educational resources and a 24-hour knowledgeable customer support team available to assist traders around the clock. The minimum deposit required to start trading is just $15 whilst it only takes a few minutes to open an account and start trading online. Bold Prime also have free demo accounts if you would like to practice trading online risk free in order to try out your trading strategies and familiarise yourself with the brokers products and services before committing real funds.

Founded in 2020, Bold Prime is based in Kingstown, Saint Vincent and the Grenadines. The broker operates via the STP execution model, which offers instant access to the interbank markets. Straight Through Processing (STP) is a very popular model of execution, which involves sending the orders of the traders directly to the market without passing them through the dealing desk. This helps to ensure there is no conflict between the broker and trader.

Bold Prime can be a good online Forex CFD provider for high volume traders and scalpers. This is because they offer raw spreads from 0.0 pips along with reliable trade executions speeds for execution at the best possible prices with no requotes and no restrictions on trading strategies. Expert advisors, scalping, hedging and news trading are allowed.

Via an innovative bridge, clients can be filled on trade sizes ranging from 1 micro lot (1,000 base currency) to 200 lots (25 million base currency). The brokers technology sorts and ranks prices so that massive trades can be executed in real time through several pricing suppliers and tiers, ensuring the best price for any trade size, at any time.

Bold Prime Review Introduction

In this Bold Prime review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Bold Prime.

Bold Prime Platforms

Bold Prime has an incredible network and infrastructure suited to any trading style from beginners to professional trading vets that are searching for a reliable, fully equipped and efficient platform. They are providing traders with direct access to their raw Pricing through the industry standard MetaTrader platforms for desktop, web and as mobile apps. The MetaTrader 4 and 5 servers are equipped with some of the best network and computing infrastructure to ensure a smooth experience whilst avoiding latencies and delays.

Developed by MetaQuotes, the MT4 and MT5 trading platforms have grown to become the most popular trading platforms among forex and CFD traders all across the globe. MetaQuotes Software is a reputed supplier of the most reliable modern software solutions for financial markets. Having achieved outstanding success and delivering a stream of innovative products, the company has grabbed the retail Forex software market leadership. They are working with thousands of brokerage firms and banks worldwide, including Bold Prime.

Bold Prime MT4 Platform
Bold Prime MT4 Platform

MetaTrader 4

MetaTrader 4 (MT4) is very user-friendly, with an intuitive and fully customisable interface that helps to make trading online as enjoyable as possible. It is simple enough for beginners whilst it has enough features and functions to meet the needs of even the most demanding traders.

Some of the essential features of the MT4 trading platforms include:

  • Real-time price quotes
  • Charting tools
  • Market indicators
  • Flexible order types
  • One-click trading
  • Scripts
  • Expert advisors
  • Advanced risk management tools
  • Real-time market execution

The Bold Prime MetaTrader 4 server is built on high bandwidth fast processing data centres and servers. The MetaTrader 4 server is cross connected to the broker and their pricing providers to ensure ultra-low latency and the fast execution of your trades.

The MT4 trading platform is available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. In addition, the web version can run directly on most modern web browsers — Chrome, Safari, Firefox, and Edge — without needing to install any additional software.

Bold Prime MT5 Platform
Bold Prime MT5 Platform

MetaTrader 5

While the MT4 trading platform was launched in 2005, the MT5 was introduced in 2010 to succeed, and it is packed with more advanced features and trading capabilities. Despite this, MT4 is still perhaps more widely utilised although MT5 tends to be more geared towards trading shares.

This platform provides all the necessary tools for financial trading, technical and fundamental analysis, algorithmic and copy trading, as well as development of custom technical indicators and trading robots.

The platform allows you to receive quotes of financial instruments, analyse markets using charts and technical indicators, perform demo trades, connect to brokers for live trading and view the history of trading operations.

  • Market leading spreads and low commissions
  • Leverage up to 1:1000
  • Minimum lot size of 0.01
  • Latest technology by MetaQuotes
  • No trading restrictions
  • Expanded CFD Instruments

There are no trading limits on the Bold Prime MetaTrader 5 platform. Traders can also hedge positions because Bold Prime does not follow the first in, first out (FIFO) law. Traders profit from margin netting by not having to pay margin on hedged trades.

The MetaTrader 5 Client Terminal requires Windows 7 or higher. It is also possible to run this software on a Mac OSX. Then you have the web platform and mobile trading app which can be useful if you prefer to trade on your phone or tablet whilst on the move.

Bold Prime Trading Instruments

Bod Prime is a multi-asset brokerage where you can choose to trade from hundreds of CFD instruments including forex, indices, commodities, stocks and shares. A contract for differences (CFD) is a financial contract that pays the differences in the settlement price between the open and closing trades. CFDs essentially allow investors to trade the direction of securities over the very short-term and are especially popular in FX and commodities products.

You can buy and sell CFDs with Bold Prime to speculate on prices both long and short. If you think the price may rise, you may want to consider purchasing the asset. If you think the price will fall, you may want to consider selling it. The difference in price from when you enter and exit the trade, is the profit or loss minus any brokerage fees.

A CFD investor never actually owns the underlying asset but instead receives revenue based on the price change of that asset. Some advantages of CFDs include access to the underlying asset at a lower cost than buying the asset outright, ease of execution, and the ability to go long or short.

Bold Prime Research & Education

There are a few learning articles and trading guides on the broker’s website to help try and improve clients’ trading skills and knowledge. In my opinion, they could add some more educational resources such as complete trading courses and video tutorials. I would also like to see the broker have some daily expert market analysis and tools like Autochartist and Trading Central.

Education

You can get trade ideas, blogs and market analysis.

Market Analysis

Bold Prime offer daily morning reports along with morning and afternoon trade ideas

Bold Prime Trading Accounts

Bold Prime allows clients to choose the account type that best suits their trading needs from a choice of three live trading account options. There are account plans that cater to all levels of experience from beginners to expert traders.

Bold Prime Trading Accounts
Bold Prime Trading Accounts

The account types and their corresponding minimum deposit requirements are as follows: Prime Cent ($15), Prime Standard ($15), Prime Raw ($150), and Prime Platinum ($400) accounts. In addition, there is a demo account option that comes preloaded with virtual funds for practice purposes.

Prime Cent

This is the entry level account for basic trading. It can be handy for those who want to practice trading online in a real environment with a minimal investment size.

  • Commission (per lot) $0.07
  • Spreads From 0.1
  • Minimum deposit $15
  • Max 1:1000 leverage
  • Islamic account

Prime Standard

This is the broker basic account for quick and easy trading.

  • Commission (per lot) $0.00
  • Spreads From 1.8
  • Minimum deposit $15
  • Max 1:1000 leverage
  • Islamic account

Prime Raw

Some of the lowest possible spreads available are accessible from the Prime Raw Account. On this account, the EUR/USD spread can reach as low as 0.0 pips, with only a commission of $7 per lot payable. The Prime Raw account can suit all trading styles from scalpers to swing traders.

  • Commission (per lot) $7.00
  • Spreads From 0.0
  • Minimum deposit $150
  • Max 1:1000 leverage
  • Islamic account

Prime Platinum

This is the brokers flagship MT5 account and the top offering they have.

  • Commission (per lot) $7.00
  • Spreads From 0.0
  • Minimum deposit $400
  • Max 1:1000 leverage
  • Islamic account

Demo Account

The Bold Prime demo account lets you trade online with virtual funds so that there isn’t any risk. This way, you can build your confidence, practice different strategies and get a feel for what it is like using the MetaTrader platforms.

Islamic Accounts

Bold Prime is a Muslim friendly brokerage firm as they have Islamic accounts that comply with Sharia law by not charging any swap fees.

Bold Prime Account Funding

At Bold Prime, they have a good selection of account funding options to choose from. All account deposit and withdrawal requests can be processed using any of the following payment methods: bank transfer, credit/ debit cards (MasterCard and Visa), Bitcoin, and some online payment gateways, such as Neteller and Skrill.

Bold Prime Deposit & Withdrawal
Bold Prime Deposit & Withdrawal

Clients can enjoy zero deposit fees, some of the best rates available along with safe and secure transactions. The time taking for payment to clear depends on the method used. The broker does have instant deposits and fast withdrawals with 0% commissions. However, check the see if your transaction will incur any third-party banking or other processing fees. Available currencies include USD, EUR, JPY, MYR, IDR. Using your account currency can help save on currency conversion fees.

Bold Prime Customer Service

All trading inquiries are sent to the broker’s client support team, who are available 24/7 Monday through to Sunday and can be reached via the following contact channels: email, Live Chat, online form, telephone, or by visiting their physical office address.

Bold Prime aims to provide you with the best customer service and support possible. The team has a lot of experience in the forex business, so they know exactly what traders are looking for.

They are happy to answer all of your technical and account related questions. From my experience, they were very easy to get hold of and always available on live chat which I find can be a very convenient way of speaking directly to someone at the broker.

Bold Prime Regulation

Bold Prime, brand name of OPTIM Investments Limited is authorised and regulated by Financial Services Commission of Mauritius (FSC) and is authorized to provide licensed services as an Investment Dealer and is authorized to administer client funds.

Bold Prime is expected to meet stringent financial criteria as a controlled company, including capital adequacy and audit requirements. Bold Prime holds client money in client segregated and insured trust accounts throughout our trusted banking chain.

Bold Prime FAQ

What is the Bold Prime minimum deposit?

The minimum deposit required by Bold Prime is just $15.

Where is Bold Prime based?

Bold Prime is based in Mauritius.

When was Bold Prime founded?

Bold Prime was founded in 2020.

What are the Bold Prime platforms?

Bold Prime provide the MetaTrader 4 and MetaTrader 5 platforms for web, desktop and mobile.

What trading instruments do Bold Prime have?

With Bold Prime, you can trade CFDs on Forex, Cryptos, Stocks and Commodities.

What are the Bold Prime deposit and withdrawal options?

Bold Prime accept deposits and withdrawals via Cryptocurrency, wire transfer, card and various e-Wallets.

What is the Bold Prime leverage?

The maximum leverage at Bold Prime is 1:1000.

What is the Bold Prime commission fee?

Bold Prime provide commission free accounts or raw a spread account with a commission of $7 per standard lot size.

What are the Bold Prime spreads?

Bold Prime have raw spreads starting from 0.0 pips.

Do Bold Prime offer demo accounts?

Yes, there is a free Bold Prime demo account if you would like to trial the brokers services before opening a real account.

Do Bold Prime offer Islamic accounts?

Yes, Bold Prime do offer a swap-free Islamic account that complies with Sharia law for Muslim traders.

Do Bold Prime allow scalping, hedging, news trading and automated trading?

Yes, Bold Prime do not have any restrictions on trading strategies.

Do Bold Prime charge an inactivity fee?

No, there are no inactivity fees charged.

Is Bold Prime regulated?

Yes, Bold Prime is regulated in Mauritius.

Bold Prime Review Summary

Utilizing cutting edge technology, Bold Prime provides top class trading conditions the combines an institutional trading environment with the availability and ease of use of retail trading. This gives the average day trader access to very competitive trading conditions including raw spreads, rapid execution speeds and low commission fees.

Bold Prime have a professional support team who are on hand 24/7 to help you as and when needed. They do have a limited choice of market analysis and education, an area which can be improved.

The brokers team is comprised of market experts from both Retail and Institutional trading which further widens the skillsets and expertise that they can offer on Bold Prime. Their systems, operations and wellbeing of the company is taken care of by the best personnel, leaving clients with minimal worries.

Bold Prime could be worth considering for high volume traders, scalpers and those using automated trading systems. In fact, they can accommodate all types of traders with different styles, behaviour and patterns. Their ultimate goal is to provide a fully transparent and honest platform with the client’s best interests in mind

It is worth mentioning that some of the trading products and services in this Bold Prime review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Bold Prime broker website, which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Bold Prime

8.7

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

7.5/10

Features

  • Powerful MetaTrader 4/5 trading platforms
  • Hundreds of financial instruments
  • Minimum $15 deposit
  • 1:1000 maximum leverage
  • Zero deposit fees
  • Raw spreads from 0.0 pips
  • Reliable execution speeds
  • 24-hour customer support
  • Learning resources and trading tools
  • Instant account opening & funding