Founded in 2013, BP Prime is a UK-based broker that provides CFD trading services with margins as low as 5%, market execution, competitive spreads, and low commission fees. Clients can trade forex currencies, commodities, cryptocurrencies, energies, metals, and indices via the intuitive MetaTrader 4 trading platform. The broker uses the no-dealing desk model. They won the Le Fonti Award for the Forex and CFD Institutional Broker of the Year in 2018.
BP Prime Review Introduction
In this BP 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 BP Prime.
BP Prime Platforms & Tools
BP Prime provides clients with the MetaTrader 4 (MT4) trading platform. It was developed by MetaQuotes Software Corporation in 2005 and is used by millions of traders around the globe. The MT4 is widely known for its easy-to-use intuitive interface and a vast array of built-in trading tools. It is suited for traders of all experience levels. Other essential features of the MetaTrader 4 trading platform include:
- Over 50 built-in indicators and object tools for market analysis
- Expert Advisors (EAs) for automated trading
- User-friendly interface
- Price alert notifications
The MT4 trading platform is available as a desktop application for Windows and Mac computers and as a WebTrader that can run directly on most modern web browsers like Chrome, Safari, Firefox, and Edge. There is also the MT4 mobile app that is compatible with iOS and Android devices and enables traders to manage their accounts and place trades on the go.
The broker has an economic calendar on its website; it displays all the scheduled news releases and their potential impact on the market.
BP Prime Research & Education
The broker’s website has a selection of educational materials including webinars, educational courses, and trading articles that covers different trading topics.
BP Prime Trading Accounts
BP Prime offers a variety of trading accounts to cater to different client’s needs. The minimum deposits start from $100 with leverage up to 1:30 for non-professional clients. The account types include Standard, Pro, Prime, and Professional accounts. Clients can choose between spread-only accounts or spread plus commission accounts with raw spreads.
Demo accounts are available for traders to try out the platforms and practice their trading strategies with virtual funds before opening a real live account.
BP Prime Account Funding
The broker offers wire transfer, credit/debit card, and Neteller as the available account funding and withdrawal methods. The different payment methods have varying transaction processing time. Accounts can be opened in any currency; currency conversion fees do not apply when using an account in your own currency.
BP Prime Customer Service
BP Prime provides clients with an experienced customer support team that is available 24/6 to give knowledgeable answers to clients’ general, technical, or account-related questions. They can be reached via live chat, email, and telephone.
BP Prime Regulation
BP Prime is a trading name of Black Pearl Securities Limited. Black Pearl Securities Limited is authorized and regulated by the Financial Conduct Authority (FCA).
BP Prime Review Summary
BP Prime is a regulated broker that provides clients with competitive trading conditions, including the MT4 platform and a variety of tradable assets. They provide clients with a selection of educational resources.
It is worth mentioning that some of the trading products and services in this BP 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 BP 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.