Bold Prime Review

Minimum Deposit: $15 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Bold Prime Review

Summary

Founded in 2020 and based in Saint Vincent and the Grenadines, Bold Prime is an online CFD brokerage firm that was built by traders to provide retail trading to clients all over the globe. The broker is focused and dedicated towards providing institutional-grade trading conditions along with the market analysis and education required to help you make informed trade decisions. Regardless of your prior experience or investment size, anyone can open an account in a few easy steps with a seamless KYC procedure and convenient funding options to kick start your trading experience.

7Expert Score
Bold Prime Rating

Bold Prime has an incredible network and infrastructure suited to any trading style from active traders to newcomers that are searching for a reliable, fully equipped and efficient trading platform.

Trading Products
7
Commissions and Fees
8
Platforms and Tools
7.5
Research and Education
5
Deposit and Withdrawal
7.5

Bold Prime Review

Pros and Cons

Utilizing cutting edge technology, Bold Prime provides very competitive trading conditions with the performance of institutional level brokerages but the accessibility of a retail broker. They have raw spreads starting from 0.0 pips and quick execution speeds at the best available prices with no requotes. They do not have any restrictions on trading strategies, so you can scalp, trade the news, hedge and run automated trading systems. The commissions are reasonable and vary depending on the account type you choose. The minimum deposit required is just $15 whilst there are free demo accounts if you would like to practice trading online without any risk. Bold Prime do not charge any account funding fees with instant deposits and fast withdrawal options available for all.

Pros
  • Multi asset broker: forex, indices, commodities, shares
  • Spreads from 0.0 pips
  • Low cost of trading with fast execution
  • Popular MetaTrader 4/5 platforms
  • $15 minimum deposit
  • Zero deposit fees
  • Various account types for different client needs
  • Flexible funding and withdrawal options
  • No trading restrictions
  • Free demo accounts
  • No inactivity fees
  • Swap-free accounts
  • Start trading in less than 5 minutes
Cons
  • No USA traders allowed
  • Limited educational resources
  • Limited product range
  • No cryptocurrency trading

Bold Prime Review

Trading Products

Bold Prime provide CFD trading in Forex, Stocks, Indices, Commodities and Bonds. You can trade over 28 different currency pairs and world-renowned exchanges such as the New York Stock Exchange (NYSE). If you want to trade cryptos then you can have a look at our best crypto brokers for some other options.

Contracts for Difference (CFDs) are financial derivatives that allow investors to speculate on whether the price of a specific instrument will rise or fall, without taking ownership of the underlying asset. This means that anyone with a trading platform and broker account can trade CFDs.

Bold Prime Instruments Summary

Instruments Bold Prime
Forex
Stocks
Indices
Commodities
Cryptosx
Optionsx
Bonds
ETFsx
CFDs
Bold Prime Instruments

Bold Prime Review

Commission and Fees

Commission and Spread Fees

From a vast aggregation of liquidity to unparalleled performance, Bold Prime account plans cater to experience of all levels from beginners to expert traders. You can choose between accounts with competitive commission fees and spreads from 0.0 pips, or you can choose to trade without commissions and slightly increased spreads. It really depends on your trading strategy and what conditions you need.

Some of the lowest possible spreads available are accessible from the Bold Prime Raw Account. The EUR/USD spread can reach as low as 0.1 pips, with a commission of $7 per lot payable. The broker implements a large pool of liquidity choices, helping to ensure that they can deliver the best spreads to their clientele. The Bold Prime Raw account suits all trading styles from short-term scalpers to swing traders who are looking to hold positions over the long term.

Via the brokers 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 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.

I think the overall costs are very competitive and up there with some of the very best forex brokers. However, I do think they could improve by offering spreads from zero pips like many other brokers do such as IC Markets. If you are a scalper and active trader, that 0.1 pip spread can make a signficant difference.

Fee Cent Standard Prime Raw Prime Platinum
Commission (per standard lot per side)$0.07$0$7$7
Spreads from0.11.80.20.1
Bold Prime Fees

Deposit and Withdrawal Fees

Bold Prime do not charge any deposit fees but you may incur a charge from your bank or third-party processor.

Inactivity Fees

There is no charge or fee for any inactive account which is great. It means that you are under no pressure to access your account and trade when you don’t necessarily want to.

Bold Prime Review

Platforms and Tools

Bold Prime has a network and infrastructure of trading platforms that are suited to any trading style from serious day-traders to newcomers that are searching for a reliable, fully equipped and efficient platform. You can trade online via the powerful yet user-friendly MetaTrader platforms for all of your devices. There are no trading limits on the Bold Prime MetaTrader 4 and 5 platforms and they make everything from analysing the markets to placing and managing trades as efficient as possible. You will find that many brokers provide the MetaTrader platforms, including Traders Way, which means you have plenty of choice moving forward once you learn how to use them.

Bold Prime MT4
Bold Prime MT4

MetaTrader 4/5

Primarily due to its ease of use, abundance of features, and automated trading capabilities, MetaTrader is without a doubt one of the world’s most common trading platforms for forex and CFD traders. The platform has a quick learning curve making it a popular choice for beginners whilst it also has all of the functionality even the most demanding of traders would expect.

Bold Prime gives you the opportunity to use both MT4 and MT5 to access and trade markets from your laptop, PC, tablet and mobile using the trading app. Both platforms are free to download and very user-friendly.

You can watch live prices and charts, place new orders into the market and manage your positions in real-time while on the go. They include algorithmic trading via expert advisors and plenty of powerful trading tools for advanced technical analysis.

Similar execution modes are available on both platforms. MT5 provides additional order fill policies and pending orders which offer even more advanced ways of trading.

The simple user interface is a software-based program which is highly customisable to individual trading preferences. Both trading platforms have a host of features to develop your skills and trading experience.

Attractive, interactive charting is a key feature of MT4 and MT5. Both platforms offer a huge variety of technical analysis indicators across multiple timeframes and can also provide the latest financial news. MT5 has a built-in economic calendar which is a very convenient way to stay on top of important news events that can have a significant impact on you trading.

MT4 was originally designed for forex traders, but as the popularity of retail trading, MT5 was developed to cater for even more financial markets. The newer platform allows you to also trade individual stocks and commodities.

The ease of use and ability to customise MT4 and MT5 have made these online platforms some of the most popular in the world. With so many features and the opportunity to automate your trading, every trader now has the chance to take their knowledge and performance to the next level.

Whether you want to trade manually with complex analysis or run advanced automated systems, MetaTrader can support all of your trading strategies.

MetaTrader Features

  • Fully customisable user-friendly interface
  • Real time price quotes in market watch window
  • Multiple chart types and timeframes
  • Technical indicators and drawing objects for market analysis
  • Create, save and load custom chart templates
  • Supports various order types including instant, pending and limit
  • Set price alert notifications
  • Automated trading with expert advisors (EA’s)
  • Strategy tester to back test EA’s on historical data
  • Large online community of traders to share ideas, signals and tools
  • Free to use on desktop, web and as a mobile trading app
Bold Prime MT5
Bold Prime MT5

Bold Prime Platforms Summary

PlatformBold Prime
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietaryx
Desktop
Web
Mobile
Social Tradingx
Other x
Bold Prime Platforms

Bold Prime Review

Research and Education

I was disappointed at the lack of educational materials to help teach clients about trading online. Whilst there are plenty of other resources available online, it would be great if Bold Prime can add some tutorial video and trading guides so that users can improve their knowledge of the financial markets. If you are a beginner, then you might want to consider IronFX as they have lots of helpful content to bring you up to speed with the markets.

Bold Prime Research and Education Summary

ResourcesBold Prime
Market Analysisx
Guidesx
Videosx
Webinarsx
Autochartistx
Trading Centralx
Economic Calendarx
Otherx
Bold Prime Resources

Bold Prime Review

Deposit and Withdrawal

Bold Prime support instant deposits and fast withdrawals, depending on the method used. They accept bank transfer, card payments and some popular e-wallets. Accounts can be funded in USD, EUR, JPY, MYR and IDR. Otherwise, a conversion fee may apply. I think they could improve by adding support for cryptos. If that is something you are looking for then RoboForex are an alternative option.

Bold Prime Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptosxx
Bold Prime Funding Options

Bold Prime Review

Regulation and Safety

BOLD PRIME, brand name of OPTIMFX.COM and OPTIMFX.EU are owned and operated by OPTIM Investments Limited a company incorporated in Mauritius.

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.

The Financial Services Commission, Mauritius (the ‘FSC Mauritius’) is the integrated regulator for the non-bank financial services sector and global business.

Bold Prime Regulation Summary

RegulatorBold Prime
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Other (FSC Mauritius)
Bold Prime Regulators

Bold Prime Safety

Although Bold Prime is regulated, they are located offshore so you may not have the same protection as you would if using a brokerage firm that was regulated by what we consider to be a top-tier regulator. In saying that, they do have some safety measures in place to protect clients.

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.

If you would prefer to use a broker with top-tier regulation, then AvaTrade are a great option to consider as they are regulated in multiple jurisdictions.

Bold Prime Review

Client Support

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.

Bold Prime customer support is available 9:00 AM to 5:00 PM (GMT+2) from Monday through to Sunday. They can be reached via email and live chat. I would like to see a telephone number provided as another way to get in touch. I think it would also be better if working hours were extended to weekends in order for them to keep pace with competitors such as Hugo’s Way.

Bold Prime Review

Conclusion

Bold Prime has competitive trading products and services which can cater to the differing needs of traders all across the globe. There are various account types and payment options to choose from. You can trade CFDs on the popular MetaTrader platforms either from your computer or mobile phone with good trading conditions. The spreads are tight and commission fees reasonable.

However, I feel that the broker could significantly improve when it comes to educational resources and additional tools to support traders. Some potential clients may also be concerned that they are only regulated in Mauritius with no contact telephone number.

If you can see past these flaws and want to give Bold Prime a try, you can start trading within minutes due to the instant account opening and funding process. There is also the option of a free demo account which can be a great way to get a feel for what they have to offer.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Bold Prime Review

FAQs

When was Bold Prime founded?

Bold Prime was founded in 2020.

Where is Bold Prime located?

Bold Prime is registered in Mauritius.

Is Bold Prime regulated?

Bold Prime is regulated by the FSC Mauritius.

What trading instruments does Bold Prime offer?

Bold Prime offers CFD trading on forex, stocks, shares, indices, commodities and bonds.

What is Bold Prime’s minimum deposit?

The Bold Prime minimum deposit is $15.

What trading platforms does Bold Prime offer?

Bold Prime provide the MT4 and MT5 platforms free of charge.

What is Bold Prime’s commission fee?

Bold Prime’s commission fee varies depending on the account type from zero commission to $7 per lot.

Does Bold Prime charge an inactivity fee?

No, there is no inactivity fee.

What are Bold Prime’s spreads?

Bold Prime have variable raw spreads that start from 0.0 pips.

What funding options does Bold Prime offer?

You can fund your Bold Prime account via wire transfer, care or various e-wallets.

Does Bold Prime offer demo trading?

Yes, there is a free Bold Prime demo account that comes pre-loaded with virtual funds so that you can practice trading online risk free.

Does Bold Prime offer Islamic accounts?

All of the Bold Prime Live Accounts are Swap-free by default.

How do I contact Bold Prime customer support?

You can contact Bold Prime support via email and live chat on the brokers website.
Bold Prime Review
Bold Prime Review
Minimum Deposit: $15
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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