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The WikiFX Score of this broker is reduced because of too many complaints!

Bold Prime

Comoros|2-5 years| Benchmark AAA|
Regulated in Australia|Appointed Representative(AR)|MT4 Full License|Regional Brokers|High potential risk|

https://boldprime.com/

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

513.9

MT4/5

Full License

BoldPrime-Demo

Netherlands
MT4
4
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:A

Slippage:AAA

Cost:A

Disconnected:B

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
BoldPrime-Demo MT4
Server Location Netherlands

Contact

support@boldprime.com
https://boldprime.com/
Hamchako, Matsamudu, Autonomous Island of Anjouan, Union of Comoros
https://www.facebook.com/Bold-Prime-105203185115118/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2023-01-01

Broker Information

More

Company Name

Bold Prime Limited

Company Abbreviation

Bold Prime

Platform registered country and region

Comoros

Company website
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Linkedin

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-04-17
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Bold Prime · Benchmark
Average transaction speed(ms)
513.9
The highest transaction speed(ms)
406 Poor
The highest speed of opening positions(ms)
406 Poor
The highest speed of closing position(ms)
469 Poor
The lowest speed of opening positions(ms)
656 Great
The lowest speed of closing position(ms)
609 Great
Ranking: 8 / 133
Test user 166
Orders 1,098
Ocuppied margin $268,896 USD
Data Source WikiFX Data provide
Updated: 2024-04-15 01:04:SS

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Expose

    Bold Prime · Company Summary

    Bold Prime Basic Information
    Registered Country/Region Australia
    Founded in 2020
    Company Name Bold Prime Limited
    Regulation ASIC(AR Licens), FinCEN (Crypto-License)
    Minimum Deposit $15
    Trading Assets Forex, Stocks, Cryptocurrencies, Commodities
    Account Types Standard, Prime Raw, Prime Platinum
    Trading Platforms MT4, MT5
    Leverage Up to 1:1000
    Spreads and Commissions Floating spreads from 0.0 pips, no commissions
    Deposits and Withdrawal Bank Transfer, Credit/Debit Card, E-Wallets, Crypto
    Customer Support 24/7 support via phone, email, and live chat
    Educational Resources Limited educational resources, including trading articles and tutorials
    Copy Trading No

    Overview of Bold Prime

    Bold Prime Limited is an Australian-based online brokerage firm that offers a variety of tradable assets, including forex, commodities, indices, and cryptocurrencies. The company was founded in 2020 and provides its clients with competitive leverage of up to 1:1000 on forex trading, making it an attractive option for traders seeking high levels of potential profit. Bold Prime also offers multiple account types with varying minimum deposit requirements and features to suit different trading strategies and preferences. The trading platforms offered by Bold Prime are the popular MetaTrader 4 and MetaTrader 5 platforms, which are known for its advanced charting capabilities and user-friendly interface. In addition to its trading services, Bold Prime places a strong emphasis on customer support, providing 24/5 multilingual assistance via live chat, phone, and email.

    basic-info

    Is Bold Prime Legit or a scam?

    It seems that Bold Prime is a regulated broker, with two entities under regulation:

    Bold Prime Limited is authorized and regulated by the Financial Crimes Enforcement Network, holding a Crypto-Licence license, with regulatory license number: 31000223201128.

    regulation

    BOLD PRIME (AU) PTY LTD is authorized by the Australia Securities & Investment Commission (ASIC), holding a license of Appointed Representative(AR), with regulatory license no. 001300520.

    regulation

    Pros and Cons

    When considering a brokerage firm for your trading needs, it's important to weigh the advantages and disadvantages before making a decision. Bold Prime is no exception, and as seen in the above table detailing its pros and cons, there are several key factors to take into account. While the broker offers a range of tradable assets, competitive leverage, and user-friendly trading platforms, it's important to also consider factors such as limited educational resources and potential withdrawal fees. By carefully evaluating these pros and cons, you can make an informed decision about whether Bold Prime is the right choice for your trading needs.

    Pros Cons
    High leverage options up to 1:500 Limited payment options for deposits and withdrawals
    Wide range of account types Clients from some countries are not accepted
    User-friendly MetaTrader 4 & 5 platform No proprietary trading platform
    Online Chat Available Limited educational resources
    Minimum deposit of $15 No 7/24 customer support
    Zero deposit fees
    Demo accounts and Islamic accounts offered

    Market Intruments

    Bold Prime offers a variety of tradable instruments across multiple asset classes to its clients. The following are the major categories of instruments that can be traded on Bold Prime's platform:

    • Forex: Bold Prime offers access to major, minor, and exotic currency pairs for trading. Traders can take advantage of the 24-hour market and high liquidity of the forex market to trade with tight spreads and low commissions.

    • Indices: Bold Prime provides traders with the ability to trade on a range of global indices, including the S&P 500, NASDAQ, FTSE 100, and more.

    • Commodities: Traders can also trade commodities such as gold, silver, crude oil, and natural gas on Bold Prime's platform.

    • Cryptocurrencies: Bold Prime offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as other altcoins.

    Account Types

    Bold Prime offers three types of trading accounts: Standard, Prime Raw, and Prime Platinum. Each account has its own set of features and requirements to cater to different levels of traders.

    The Standard account is suitable for beginners and requires a minimum deposit of $15. It offers variable spreads starting from 1.8 pips, and a leverage of up to 1:500. Traders can access over 200 trading instruments, including forex, commodities, indices, and cryptocurrencies.

    The Prime Raw account is designed for experienced traders and requires a minimum deposit of $150. This account offers raw spreads starting from 0.2 pips, with a commission of $7 per lot traded. The leverage offered is up to 1:400, and traders can access over 250 trading instruments.

    The Prime Platinum account is for advanced traders who require more competitive pricing and a tailored trading experience. It requires a minimum deposit of $150, with spreads starting from 0.0 pips and a commission of $7 per lot traded. The leverage offered is up to 1:200, and traders can access over 300 trading instruments.

    account-types
    Pros Cons
    Standard account requires a low minimum deposit of $15 Limited number of account types to choose from
    Wide variety of tradable assets across all account types High commission on Prime Raw and Prime Platinum accounts
    High leverage offered on Standard and Prime Raw accounts Prime Platinum account requires a higher minimum deposit
    Raw spreads starting from 0.2 pips on Prime Raw account
    Tailored trading experience for advanced traders on Prime Platinum account
    Competitive pricing on Prime Platinum account

    Demo Accounts

    Bold Prime offers a free demo account to traders who want to test their trading strategies and familiarize themselves with the trading platform before opening a live account. The demo account simulates real market conditions and allows traders to practice trading with virtual funds. The demo account is available for all three account types and comes with all the features of a live account.

    The demo account is a useful tool for beginners who want to learn the basics of trading and for experienced traders who want to test new trading strategies without risking their capital. It allows traders to get a feel for the market, practice analyzing charts and indicators, and learn how to manage risk.

    One of the advantages of Bold Prime's demo account is that it is available for an unlimited period, which means that traders can use it as long as they need to. The demo account is also easy to set up and does not require any personal information or deposits.

    demo-trading

    How to open an account?

    1. Go to the Bold Prime website and click on the “Open Account” button.

    open-account

    2. Fill in the registration form with your personal information, including name, email address, and phone number.

    open-account

    3.Choose the account type you want to open and fill in the required information, such as your country of residence, trading experience, and financial information.

    4.Upload your verification documents, such as a copy of your ID and proof of address.

    5. Once your account is verified, you can fund your account and start trading.

    Leverage

    Bold Prime offers flexible leverage options for traders, providing them with the ability to amplify their potential profits, but it's important to note that high leverage also carries a higher level of risk. The maximum leverage offered by Bold Prime is 1:500 for the Standard account, 1:400 for the Prime Raw account, and 1:200 for the Prime Platinum account, giving traders the ability to trade larger positions with a smaller amount of capital, but also requiring them to exercise caution and implement effective risk management strategies.

    Spreads & Commissions (Trading Fees)

    Bold Prime offers competitive spreads and commissions to its clients. The spreads vary depending on the account type and market conditions. The Standard account has variable spreads starting from 1.8 pips, while the Prime Raw and Prime Platinum accounts offer raw spreads starting from 0.2 pips and 0.0 pips, respectively, with a commission of $7 per lot traded. This means that traders who choose the Prime Raw or Prime Platinum accounts can benefit from lower trading costs, but they also have to pay a commission on top of the spread. Overall, Bold Prime's spreads and commissions are competitive when compared to other brokers in the industry, making it an attractive option for traders looking to keep their trading costs low.

    spreads
    Pros Cons
    Competitive spreads for Prime Raw Standard account has higher spreads
    No commission for Standard account Prime accounts require a higher deposit
    Low commission for Prime Raw/Platinum
    Raw spreads for Prime Raw/Platinum

    Non-Trading Fees

    Bold Prime does not charge any fees for deposits or withdrawals made via bank wire transfer or cryptocurrency. However, there may be fees associated with certain payment methods, such as credit/debit card or e-wallet transfers, which are imposed by the payment providers themselves. Additionally, there are no inactivity or account maintenance fees charged by the broker.

    Trading Platform

    Bold Prime offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely recognized as some of the most powerful and user-friendly trading platforms in the industry. MT4 and MT5 are available for desktop, web, and mobile devices, allowing traders to access the platform anytime and anywhere. These platforms offer a range of advanced charting and analysis tools, multiple order types, and customizable indicators and Expert Advisors (EAs) for automated trading. Traders can also take advantage of social trading features and copy trading options available on both platforms.

    trading-platform
    Broker Platform Options Mobile Trading Web Trading Desktop Trading
    Bold Prime MetaTrader 4, MetaTrader 5 Yes Yes Yes
    AvaTrade MetaTrader 4, MetaTrader 5 Yes Yes Yes
    IC Markets MetaTrader 4, MetaTrader 5 Yes Yes Yes
    FP Markets MetaTrader 4, MetaTrader 5 Yes Yes Yes

    Deposit & Withdrawal

    Bold Prime offers multiple deposit and withdrawal methods for its clients. The deposit and withdrawal methods include bank wire transfer, credit/debit card, and e-wallets such as Neteller and Skrill. The minimum deposit amount is $15, and the minimum withdrawal amount is $50. Bold Prime does not charge any deposit fees; however, there may be withdrawal fees depending on the payment method used.

    Here is a summary of the deposit and withdrawal methods available at Bold Prime:

    Deposit Method Deposit Fees Deposit Processing Time Withdrawal Method Withdrawal Fees Withdrawal Processing Time
    Bank Wire Transfer None 1-5 business days Bank Wire Transfer $20-$50 1-5 business days
    Credit/Debit Card None Instant Credit/Debit Card None 3-5 business days
    Neteller None Instant Neteller None Instant
    Skrill None Instant Skrill None Instant

    Customer Support

    Bold Prime offers customer support via several channels, including email, live chat, and phone support. Traders can contact the support team for any account-related queries or technical issues they may encounter while using the platform.

    The customer support team is available 24/5, and traders can contact them through the following methods:

    • Email Support: Traders can email their queries or issues to the support team at support@boldprime.com. The support team usually responds within 24 hours.

    • Live Chat Support: Traders can chat with the support team in real-time by clicking on the live chat icon on the Bold Prime website. The live chat support is available from Monday to Friday, 24 hours a day.

    • Phone Support: Traders can also call the support team for immediate assistance. Phone support is available from Monday to Friday, 24 hours a day. The contact numbers are available on the Bold Prime website.

    customer-support
    Pros Cons
    24/5 customer support via phone, email, and live chat No 24/7 customer support
    Multilingual customer support available No physical office locations for in-person support
    Quick response times to customer inquiries Limited educational resources on the website
    Dedicated account manager for Prime Platinum account holders No social media support

    Educational Resources

    Bold Prime offers a range of educational resources to its traders, aimed at enhancing their trading skills and knowledge. These resources include:

    • Trading Academy: Bold Prime's trading academy offers a variety of courses, webinars, and video tutorials covering topics such as technical analysis, risk management, and trading psychology.

    • Economic Calendar: A comprehensive economic calendar is available on the Bold Prime website, providing traders with up-to-date information on important market events and their potential impact on the markets.

    • Market Analysis: Bold Prime's team of experienced analysts provides daily market analysis, including technical and fundamental analysis, to help traders make informed trading decisions.

    • eBooks: Bold Prime also offers a selection of eBooks on trading strategies and market analysis.

    • Glossary: A comprehensive glossary of trading terms is available on the Bold Prime website to help traders understand industry-specific terminology.

    educational-resources

    Conclusion

    In conclusion, Bold Prime Limited offers a range of trading accounts with various features and requirements to cater to traders of different levels, offering a wide range of tradable instruments, including forex, commodities, indices, and cryptocurrencies. The trading fees are quite competitive, with tight spreads and low commissions, and the broker offers both MT4 and MT5 trading platforms. Bold Prime also provides a good range of educational resources for traders. However, there are some drawbacks to consider, such as limited deposit and withdrawal options, no 24/7 customer support and the lack of social trading platforms. Overall, Bold Prime Limited can be a good option for traders who value regulatory compliance, competitive trading fees, and a good range of trading instruments and educational resources.

    FAQs

    Q: Is Bold Prime a regulated broker?

    A: Yes, Bold Prime Limited holds an AR license from the Australian Securities and Investments Commission (ASIC), which is a reputable regulatory body.

    Q: What trading platforms does Bold Prime offer?

    A: Bold Prime offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are well-known and widely used in the industry.

    Q: What is the minimum deposit required to open an account with Bold Prime?

    A: The minimum deposit required for a Standard account is $15, while Prime Raw and Prime Platinum accounts require a minimum deposit of $150.

    Q: What are the spreads and commissions charged by Bold Prime?

    A: Spreads start from 1.8 pips for Standard account holders, while Prime Raw and Prime Platinum accounts offer raw spreads starting from 0.2 pips with a commission of $7 per lot traded.

    Q: What trading instruments are available with Bold Prime?

    A: Bold Prime offers over 300 trading instruments, including forex, commodities, indices, and cryptocurrencies.

    Q: Does Bold Prime offer a demo account?

    A: Yes, Bold Prime offers a demo account for traders to practice their trading strategies and get familiar with the trading platform.

    Q: What are the available methods for deposit and withdrawal with Bold Prime?

    A: Bold Prime offers a variety of deposit and withdrawal methods, including bank transfer, credit/debit cards, and e-wallets.

    Q: Does Bold Prime provide educational resources for traders?

    A: Yes, Bold Prime provides educational resources for traders, including webinars, articles, and market analysis, to help traders improve their skills and knowledge.

    News

    Can We Boldly Trust Bold Prime?

    ExposureCan We Boldly Trust Bold Prime?

    2023-06-28 18:25

    In today's article, WikiFX will be taking you on an in-depth review of Bold Prime, which is a relatively new CFD broker within the industry that was established in 2020.

    WikiFX
    2023-06-28 18:25
    Exposure
    Can We Boldly Trust Bold Prime?
     Bold Prime Attracts $250 Million Investment and Expands Its Operations

    News Bold Prime Attracts $250 Million Investment and Expands Its Operations

    2023-04-23 17:03

    According to Bloomberg, the well-known forex broker Bold Prime has attracted $250 million in investment and expands its operations.

    WikiFX
    2023-04-23 17:03
    News
     Bold Prime Attracts $250 Million Investment and Expands Its Operations
    SC adds TTF Global Asia and Bold Prime to Investor Alert List

    ExposureSC adds TTF Global Asia and Bold Prime to Investor Alert List

    2023-04-14 18:19

    Recently, the Securities Commission of Malaysia (SC) updated its Investor Alert List. SC has added two entities to the list. They are TTF Global Asia and Bold Prime.

    WikiFX
    2023-04-14 18:19
    Exposure
    SC adds TTF Global Asia and Bold Prime to Investor Alert List
    FinCom Kicks Bold Prime!

    NewsFinCom Kicks Bold Prime!

    2023-02-14 16:49

    The Financial Commission (FinCom) is a renowned self-regulatory and leading external dispute resolution organization for the financial sector. Recently, FinCom announced that it had expelled Bold Prime from its membership after several failures to comply with its Rules and Guidelines.

    WikiFX
    2023-02-14 16:49
    News
    FinCom Kicks Bold Prime!

    User Reviews

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    13

    Comments

    Write a review

    simonuna
    more than one year
    As one considers Bold Prime for trading endeavors, it's essential to appreciate its strengths, like high leverage, diverse account types, and a seamless MetaTrader experience. Yet, potential drawbacks, including constrained payment options and limited educational resources, should be weighed for a well-rounded decision.
    2023-12-04 16:58
    Reply
    0
    0
    Friscoo
    more than one year
    Bold Prime brings some enticing features to the table, such as high leverage options, a variety of account types, and a user-friendly MetaTrader platform. However, traders should be aware of the limitations, including restricted payment options, limited educational resources, and the absence of round-the-clock customer support.
    2023-12-01 18:24
    Reply
    0
    0
    FX1215805162
    more than one year
    I must say, Bold Prime features the slowest trading process. I submitted withdrawal request on 19th January 2023, but I haven’t received my fund until know. So frustrating...
    2023-02-20 09:45
    Reply
    0
    2
    ~ Renew
    more than one year
    Great trading platform and the problem-solving ability is very fast! This is the best broker I have ever used. Customer service is very friendly. Problem-solving is also very fast. I will continue to use this broker.
    2023-02-14 17:56
    Reply
    0
    0
    Jerry989
    more than one year
    I has been using boldprime over 3 years. So far my withdrawal/deposit only got a minor issue but overall i could rate them 4.8/5.0. Keep it up!
    2023-02-14 14:08
    Reply
    0
    0
    Paracetamol
    more than one year
    Fake Profile Fake website Scammer Be careful guys
    2023-01-21 13:09
    Reply
    0
    0
    FX1162798297
    more than one year
    Where is the $30 welcome bonus? I haven't seen it yet! It has been trading for 2 weeks, and the trading environment is still ok, but the customer service is a bit irresponsible, and has not answered questions for a long time. But it's not a big problem, as long as you don't lose money on it.
    2022-12-15 18:32
    Reply
    0
    0
    随枫▽随性
    more than one year
    A brother recommended this platform to me, but I haven't really started trading yet. He said that the spread on this platform is quite good, and deposits and withdrawals are also very fast. I saw that the deposit requirements are relatively low, and I am very interested. If there is a chance, I will open an account and try it.
    2022-12-14 14:26
    Reply
    0
    1
    Emma224
    more than one year
    This broker don't offer EAS
    2022-12-09 14:15
    Reply
    0
    0
    Xie82817
    more than one year
    There are so many points I want to complain about Bold Prime! First of all, they are the only broker I have seen that does not offer EAs; Besides, they manipulated my account without authorization and cleared my account balance; What’s more, their deposits and withdrawals are not free, and each deposit and withdrawal has a high fee; Finally, withdrawals are difficult to achieve, profits are not desirable, and withdrawal processing is too slow.
    2022-11-30 14:54
    Reply
    0
    0
    施施
    more than one year
    Opening an account with Bold prime was quite easy, just two minutes. However, once you put your real money here, it was impossible to get that back. They would manipulate your trading accounts, making you lose all your money. You may think, what if I make a profit? Sorry, they just won’t let you withdraw. A truly black platform!!!
    2022-11-29 18:13
    1
    0
    0
    3-3=0
    more than one year
    scamm
    2022-11-12 02:13
    Reply
    0
    1
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