BP Prime Review and Tutorial 2021

BP Prime is a directed agent offering cross-stage forex trading utilizing the MT4 work area, portable, and tablet application. If you’re contemplating whether to log in and exchange with BP Prime, our review covers all you require to know, including expenses, stores, and rewards. 

BP Prime Details

Established in 2013, Black Pearl Securities Limited (BP Prime) is settled in London and has operational workplaces in Italy and China. The dealer is managed by the Financial Conduct Authority (FCA) in the United Kingdom. 

BP Prime offers a scope of forex and CFD instruments on a world-driving stage and serious trading accounts. In addition, the Non-Dealing Desk agent gives quick execution and low dormancy for both retail and institutional customers.

MetaTrader 4 Platform

With admittance to forex, CFDs, wares, and digital forms of money, the MT4 stage gives an inside and out cutting-edge trading experience. 

The stage is outfitted with more than 50 pre-stacked markers for featuring patterns in various periods. It likewise permits you to program custom Expert Advisors (trading robots) to screen market developments utilizing calculations. Dealers can undoubtedly assemble the framework around their trading methodology, with moment execution, stop requests, and following stop alternatives

Markets

Items accessible at BP Prime incorporate 27 significant, minor, and arising cash sets, ten outstanding records including the FTSE 100, products like gold, silver, and oil, in addition to 4 well-known crypto coins, including Bitcoin and Ethereum. This review would have gotten a kick out of the chance to see trading in shares as well.

Spreads & Fees

Spreads start from 1.4 pips in the Standard record and 0.6 pips in the Pro record. Although these aren’t the most minimal, commissions are incorporated into the Standard and Pro records spread. In the Prime form, commissions are charged at 3.00 GBP/EUR/USD per side per 100k exchanged. 

There are likewise rollover expenses that are charged on every night that a position is held. The agent doesn’t charge dormancy expenses, which is a benefit over different contenders.

Leverage

The most significant influence offered for retail customers across all records is 1:30, which can be adapted to proficient customers up to 1:200. Edge rates are given in the item pages on the site.

Mobile Apps

For the individuals who need to exchange in a hurry, the MT4 versatile application offers a helpful arrangement reasonable for cell phones and tablets. Merchants can open positions, track value developments, and break down exchange history with great highlights. The application additionally comes in more than 20 dialects and supports versatile message pop-ups.

Payment Methods

You can store and pull out reserves utilizing Visas, bank wire move, nearby bank move, and e-wallets, including Neteller and Skrill. Stores are accessible in any cash, which will be naturally changed over into your record’s base money. 

Regular preparing times for stores are prompt, and there are no expenses (however, Visa suppliers or banks may charge middle person expenses). The base acknowledged store is $5,000. 

Withdrawals through standard bank wire require up to 3 working days, requiring up to 5 working days for certain nations. For UK account holders, there are no withdrawal expenses. For EU accounts, withdrawals are free once every month and afterward around 25 EUR from that point.

Demo Account

You can open a free demo account with any of the record choices at BP Prime. Demo accounts permit you to put reproduced exchanges and experience live trading conditions inside a protected climate. Records are stacked with 10,000 in virtual cash and are accessible for 30 days.

BP Prime Bonuses

Rewards, promotion codes, and different arrangements are not offered at BP Prime, according to FCA limitations which precludes the utilization of trading compensations for new customers

Regulation Review

Dark Pearl Securities Limited is approved and managed by the Financial Conduct Authority (FCA) in the United Kingdom, with permit number 688456. 

Like this, the specialist is dependent upon exacting necessities to offer monetary types of assistance to customers. This remembers holding customer cash for isolated ledgers with confided in financial organizations, just as giving remuneration in case of indebtedness.

Additional Features

BP Prime gives an online course segment. However, none were accessible at the hour of composing. Nevertheless, there is a thorough determination of instructive articles on a scope of subjects from cryptographic money examination to forex trading procedures. The representative likewise offers CPD courses for merchants. Systems are accessible in more than 27 dialects and start from £99.

BP Prime Accounts

You can look over three record types at BP Prime: Standard, Pro, and Prime. Records are generally focused on prepared merchants, as the introductory base store is 5,000 USD, EUR, or GBP for the Standard and Pro records and 10,000 USD, EUR, or GBP in the Prime form. 

Commissions are incorporated into the spreads in the initial two records, spreading as low as 0.6 pips and super quick execution on the STP/DMA feed. Prime record-holders appreciate crude spreads from 0.1 pips and super fast execution through the XCORE Aggregator. The base parcel size across all records is 0.01 parts.

Benefits

Motivations to exchange with BP Prime include: 

CPD courses:

• No idleness expense 
• Monetary schedule 
• STP/DMA execution 
• Zero representative commissions 
• Great online client review

Drawbacks:

Burdens of trading with BP Prime include: 

• $5,000 beginning store 
• US customers not permitted 
• No selection of stages 
• Stock values not advertised

Trading Hours

Trading hours for cash sets are Sunday at 21:00 to Friday at 21:00 UK time. Trading meetings for files and different resources are given on the representative’s site or inside the trading stage.

Customer Support

Client service is accessible 24 hours every day, six days per week. You can call the UK to support the work area at +44 (0) 20 3745 7101, email englishdesk@bpprime.com or address the help group on the live talk.

The specialist’s central command is situated on the lower floor, 62 Great Eastern Street, London EC2A 3QR, United Kingdom.

Security

BP Prime utilizes standard safety efforts on their site and MT4 stage. Customers are needed to use two-factor verification while getting to the merchant’s frameworks. Information is likewise scrambled between customer PCs and the dealer’s workers, which are upheld with firewalls and infection checking apparatuses

BP Prime Verdict

BP Prime offers a general forex trading administration for the individuals who have a sizeable beginning cash flow to store. Moreover, trading is just accessible on the MT4 work area and versatile application, so it very well may be ideal to see a more impressive selection of stages, just as other instructive highlights, for example, recordings and digital books.

Accepted Countries

BP Prime acknowledges brokers from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most nations. 

Brokers cannot utilize BP Prime from United States, Canada, France, Afghanistan, Belgium, Guinea-Bissau, Iran, Iceland, Libya, Korea, Somalia, Sudan, Syria, Yemen

Alternatives to BP Prime

On the off chance that you are searching for options in contrast to BP Prime, we have incorporated a rundown of the best five agents that are like BP Prime beneath. This rundown of agents like BP Prime is arranged by comparability and comprises organizations that acknowledge merchants from your area. 

• Infinox – Infinox is a UK-based dealer offering MT4 trading with tight spreads. 
• Fortrade – Fortrade is a multi-resource representative contribution to a straightforward live record with cutting-edge apparatuses. 
• Worldwide Prime – Global Prime is a multi-directed trading specialist offering 100+ business sectors. 
• OctaFX – OctaFX offers multi-resource trading on a scope of stages and versatile arrangements. 
• Hantec Markets – Hantec Markets is a multi-directed online FX dealer offering MT4 and a customized administration giving colossal adaptability to suit any broker.

FAQ

What leverage is available at BP Prime?

Retail customers can get to use up to 1:30. Proficient customers can get to use up to 1:200.

How can I contact BP Prime? 

You can reach out to the client assistance group 24/6 utilizing email, phone, or live talk.

What account are types available at BP Prime? 

BP Prime offers three records (Standard, Pro, and Prime) just as demo accounts. The base store to open a document start from 5,000 EUR/USD/GBP.

Is BP Prime regulated?

The Financial Conduct Authority (FCA) directed Dark Pearl Securities Limited in the United Kingdom, with permit number 688456.

What can I trade at BP Prime? 

At BP Prime, you can exchange an assortment of forex sets, worldwide stock files, digital currencies, and wares like oil, gold, and silver.