Forex Brokers

BP PRIME

BP Prime was established in 2013 as Black Pearl Securities Limited.

BP Prime was established in 2013 as Black Pearl Securities Limited. Headquartered in London, with operational offices in China, BP Prime has a client base across Europe, Asia and South America serving both retail and institutional clients. BP Prime is authorised and regulated by the UK Financial Conduct Authority with Financial Services Registration Number 688456.

Financial Instruments

The trading tools on the BP Prime platform include online trading services for foreign exchange, cryptocurrencies, CFDs and commodities, as well as more than 10 index CFDs available through the FIX API.

Account Type

The account types of BP prime are divided only by customer type, and the trading conditions will be set according to the needs and necessary requirements, i.e. professional account and supreme account. The minimum deposit for a professional account is $/€/£5,000, which is too high for most ordinary traders. Traders can open a free demo account in any of BP Prime's account types. There is 10,000 virtual currency in the demo account, which can be used for 30 days.

Leverage

Regulatory restrictions in the UK and Europe have reduced the use of leverage for retail traders to a maximum leverage of 1:30 for major currency pairs. However, professional traders can apply for higher leverage, up to 1:100 forex leverage.

Spread&Commission

BP Prime spreads vary by account type. Typical spreads on the EUR/USD pair are 0.3 pips for Professional accounts and 0.1 pips for Prime accounts. Professional accounts require zero commissions, while Premium accounts have commissions that depend on the trading volume.

Trading Platform

BP Prime provides clients with the MetaTrader 4 (MT4) platform, developed by MetaQuotes software company and used by millions of traders around the world. MT4 is known for its easy-to-use intuitive interface and tons of built-in trading tools. This makes it a favorite platform for beginners and experienced traders alike.

Withdrawals

Traders can deposit and withdraw using credit cards, bank wire transfers, local bank transfers and e-wallets including Neteller and Skrill. Deposits can be made in any currency and these currencies will be automatically converted to the base currency of their account. The average processing time for deposits is instant and there are no fees (a credit card provider or bank may charge an intermediary fee). Withdrawals via standard bank wire transfer take up to 3 business days, but may take up to 5 business days for some countries. For UK account holders, there are no withdrawal fees. For EU accounts, withdrawals are free once a month, after which a €25 withdrawal fee applies.

Trade Hours

Currency pairs are traded from Sunday 21:00 to Friday 21:00 UK time. Trading hours for indices and other assets are detailed on the BP Prime website or trading platform.

Customer Support

Customer support is available 24 hours a day, 6 days a week. Traders can call the UK Support Desk on +44 (0) 20 3745 7101, email [email protected] or communicate with the support team via live chat.

Accepted Countries

BP Prime accepts traders from Australia, Thailand, UK, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, Kuwait, Luxembourg, Qatar and most other countries. Traders from the United States, Canada, France, Afghanistan, Belgium, Guinea-Bissau, Iran, Iceland, Libya, South Korea, Somalia, Sudan, Syria, Yemen cannot use the BP Prime platform.

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