Bold Prime is a relatively new Forex / Crypto CFD broker, that only opened in 2020. In August 2022, they became an authorised representative of the ASIC regulated MGF CAPITAL PTY LTD.
Every few months they change the corporate entity that owns them. They are either located at: 3rd Floor Manor House, 30 St Georges Street, Port Louis, Mauritius. Or they are owned and operated by Bold Prime Ltd, 26184 BC 2021, and located at: Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. There is no phone number listed on their website. Customer support email address is: [email protected]m. Official Website is: https://www.BoldPrime.com/.
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Bold Prime Brokers Review
Our review of this new broker called Bold Prime shows, that they offer Forex and Crypto CFD trading, on the standard MT4 trading platform. The mobile trading app which they are using, is the classic version from MQL5 a customized trading app. Professional forex traders will be happy to see that they also offer you the MT5 (Meta Trader 5) software, which can be used with an Expert Advisor addon.
You can trade hundreds of underlying assets including; Major Forex Pairs, Minor Currencies, Crypto, Stocks, and Market Indexes. When trading contracts for difference, you are investing with added leverage of 500:1. The appeal is that you can make large profits quickly, but at the same time the risk is much greater. You will find spreads starting at 0 pips, depending on your account type.
Many new investors begin their trading career with the brokers at Bold Prime. If you are interested in trading, start with a free demo account, signup here.
Bold Prime Account Types
All brokers offer you a choice of account types, and at Bold Prime you have three options to choose from. The minimum deposit requirement for their smallest account is $15. The main difference between trading accounts is spreads, assets available, and order types.
When you signup for a new account, you will be able to create a login password. You will also receive an email from them with separate login details for your MT4 trading account. Make sure you store them in a safe place so you don’t forget it.
Automated Trading Apps
Thousands of newbie investors got scammed by a trading app they found on a Fake News website. You can read about the complaints in the investors forum.
BoldPrime does not offer their investors any automated trading software! An automated trading app is also known as an Expert Advisor, which are commonly used by professional traders on MT5.
If you are interested in using a trading algorithm robot, setup your account here.
Is Bold Prime a Licensed Broker?
Recently, this broker updated their website to show that they are a brand name of OPTIMFX, operated by OPTIM Investments Limited. Their address is at; 3rd Floor Manor House, 30 St Georges Street, Port Louis, Mauritius. They are regulated by Financial Services Commission of Mauritius (FSC) with license GB20025993.
How do you verify that a Forex broker is legitimate, and not another online investing scam? You must check with your countries financial regulatory agency, that the broker has a license. Day traders should only invest with a local broker, that is regulated by their countries regulatory agency.
All online brokers, whether they are offering Crypto or Forex CFD’s, are required by law to have a license. If your broker is not licensed, then they are an illegal scam. Always confirm that your broker is 100% authorized by the financial regulator.