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BP Prime Forex broker specializes in providing foreign exchange trading services, the company's official website https://bpprime.com/..., the company's legitimate regulatory information United KingdomFCAStraight Through Processing (STP) to enhance the security of the company's address 28 King Street London EC2V 8EHE C 2 V 8 E H UNITED KINGDOM

BP Prime Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Black Pearl Securities Limited
Abbreviation
BP Prime
Company employee
--
Customer Service Email Address
support@bpprime.com
Contact Number
+4402037457101
Company Website
Company address
28 King Street London EC2V 8EHE C 2 V 8 E H UNITED KINGDOM
Keywords
5-10 years
Regulated in United Kingdom
Straight Through Processing (STP)
MT5 Full License
Regional Brokers
High potential risk

Company profile

BP Prime Review SummaryFounded2013Registered Country/RegionUnited KingdomRegulationRegulated by FCAMarket InstrumentsForex, commodities, indicesDemo Account✅EUR/USD Spread/LeverageUp to 1:30 (Standard account)Trading PlatformMT5Min Deposit$5,000 or equivalentCustomer SupportInquiry formTel: +44 (0) 20 3745 7101Email: support@bpprime.comAddress: 28 King Street London EC2V 8EH United KingdomRestricted AreasUnited States, Canada, France, Afghanistan, Belgium, Guinea Bissau, Iran, Israel, Libya, North Korea, Russia, Somalia, South Sudan, Syria, Turkey and YemenBP Prime Information BP Prime is the trading name of Black Pearl Securities Limited, a brokerage company who was established in 2013 and deals in forex, commodities and indices tradings for both retail and professional clients. The minimum deposit requirement is pretty high from $5,000 or equivalent. A demo account and the availability of MT5 platform enhances customer experiences. While for institutional clients, the broker offers bespoke liquidity and technology solutions as well. Furthermore, the broker currently operates under decent regulation from FCA, which to some extent guarantees customer protection and compliance to industry standard set by the institution. Nevertheless, there are 5 pieces of WikiFX exposure to withdrawal issues, which indicates the necessity of service improvements of this broker. You should pay attention to this.Pros and ConsPros Cons FCA regulatedLimited trading asset classesDemo accountsHigh minimum depositCommission-free accounts offeredWikiFX exposuresMT5 platformNo services in several countriesIs BP Prime Legit? BP Prime is currently regulated by FCA (Financial Conduct Authority) in United Kingdom, with a license numbering at 688456, which guarantees legitimacy and credibility in a certain level.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.FCARegulatedBlack Pearl Securities LimitedStraight Through Processing (STP)688456What Can I Trade on BP Prime?Tradable Instruments Supported Forex✔Commodities✔Indices✔Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌ BP Prime offers trading services in forex, commodities and indices for both retail and professional clients. While for institutional clients, customized liquidity and technology solutions are available to help companies to grow and develop their business scope and scale.Account Type/Fees BP Prime offers demo accounts for clients to practice and test trading strategies. While for live accounts, the broker offers a Standard accountfor retail clients with a high minimum deposit of $5,000 or equivalent. In this account, the broker charges no commissions for trading, and claims competitive spread, but with no details. Professional clients, on the other hand, are provided with a Professional account with higher leverage but less protection. To be eligible to open a professional account, you need to place 10 relavant trades of a significant size per quarter in last year, own a financial instrument portfolio exceeding $500,000, and have worked in the financial sector for at least one year.Leverage BP Prime offersa leverage level of up to 1:30 for some currency pairs in the Standard account, which means you can control a larger position of 30 times of your initial deposit. Professional accounts have higher leverage, but are not currently disclosed per the broker's website. You need to check with the company directly to get precise information. Moreover, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.Trading Platform Victory indicates the use of the industry-leading MetaTrader 5 platform through web, which allows you to trade anywhere on the go. The MT5 platform is renowned and recognized worldwidely for their advanced charting tools and robust functionalitiess such automated transaction execution.Trading PlatformSupported Available Devices Suitable forMT5✔Web, mobileExperienced tradersMT4❌Web, mobileBeginners

Rating Index

Prime

Minimum Deposit
$/€/£10,000

Pro

Minimum Deposit
$/€/£5,000
How to login to BP Prime?
bp prime Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a bp prime Account The registration process for a bp prime account is straightforward and user-friendly. Below are the detailed steps to guide you through the bp

  

BP Prime Forex Broker - Complete Information Guide

  

1. Broker Overview

  BP Prime is the trading name of Black Pearl Securities Limited, which was established in 2013. The company is headquartered in London, United Kingdom, with additional operational offices in Italy and China. As a privately held entity, BP Prime focuses on providing trading services to a diverse clientele that includes retail traders, professional traders, and institutional clients across Europe, Asia, and South America.

  Since its inception, BP Prime has aimed to establish itself as a leading provider in the forex and CFD trading space. The company has made significant strides in developing strong relationships with technology firms and liquidity providers, enabling it to offer a unique combination of advanced technology, competitive pricing, and exceptional customer service. Notably, BP Prime operates under a 100% agency model, ensuring no conflicts of interest between the broker and its clients.

  As a reputable broker, BP Prime has achieved several milestones, including recognition for its trading services and commitment to customer satisfaction. The firm primarily focuses on retail forex trading, but it also provides services tailored for institutional clients, including white-label solutions.

  

2. Regulation and Compliance Information

  BP Prime is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with the registration number 688456. This regulatory oversight ensures that the broker adheres to strict compliance measures, including regular audits and the maintenance of high standards for risk management and client fund protection.

  The FCA regulation allows BP Prime to operate under stringent guidelines, which include:

  • Segregated Client Funds: Client funds are held in separate accounts at top-tier banks, ensuring that they cannot be used for any corporate purposes.
  • Investor Compensation Fund: BP Prime participates in the UKs Financial Services Compensation Scheme (FSCS), which protects clients up to £85,000 in the event of the broker's insolvency.
  • KYC and AML Compliance: BP Prime implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to ensure the integrity of its operations and to protect against fraudulent activities.

  The regulatory framework under which BP Prime operates provides clients with a significant level of security and peace of mind, making it a trustworthy option for traders.

  

3. Trading Products and Services

  BP Prime offers a range of trading products that cater to both retail and institutional clients. The broker provides access to over 40 currency pairs, including major, minor, and exotic pairs. Additionally, BP Prime offers Contracts for Difference (CFDs) on various asset classes, including:

  • Indices: Major global indices such as the FTSE 100, S&P 500, and DAX 30.
  • Commodities: Trading opportunities in commodities such as gold, silver, and crude oil.
  • Cryptocurrencies: A selection of cryptocurrencies, including Bitcoin and Ethereum.

  While BP Prime has a solid offering in forex and CFD trading, it does not currently provide access to stock trading. The broker focuses on maintaining competitive spreads and low commissions to attract traders. Furthermore, BP Prime regularly updates its product offerings to adapt to market trends and client needs.

  For institutional clients, BP Prime offers bespoke liquidity solutions and advanced technology services, ensuring that larger traders have access to the tools and resources they need to succeed in the competitive trading environment.

  

4. Trading Platform and Technology

  BP Prime utilizes the widely acclaimed MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and advanced trading features. This platform is favored by traders worldwide for its robust functionality, including:

  • Automated Trading: The ability to implement algorithmic trading strategies through Expert Advisors (EAs).
  • Advanced Charting Tools: A variety of technical indicators and charting options to facilitate in-depth market analysis.
  • Multi-Device Accessibility: MT4 is available for desktop, web, and mobile devices, allowing traders to manage their accounts on the go.

  BP Prime employs a Straight Through Processing (STP) and Non-Dealing Desk (NDD) execution model, which ensures that client orders are executed directly within the market without any intervention from the broker. This model enhances trade execution speed and reduces the potential for conflicts of interest.

  The broker also offers access to a range of liquidity pools, including bank and non-bank feeds, through advanced technology infrastructure. This setup allows BP Prime to provide competitive pricing and efficient execution for its clients.

  

5. Account Types and Trading Conditions

  BP Prime offers two primary account types to cater to different trading styles and preferences:

  • Pro Account:
    • Minimum Deposit: $5,000
    • Spreads: Starting from 0.6 pips
    • Commission: None
    • Leverage: Up to 1:30 for retail clients
    • Prime Account:
      • Minimum Deposit: $10,000
      • Spreads: Starting from 0.1 pips
      • Commission: Based on trading volume
      • Leverage: Up to 1:30 for retail clients

        Both accounts allow for flexible trading conditions, including the ability to trade micro lots (minimum trading size of 0.01 lots). BP Prime also does not impose inactivity fees, which is beneficial for traders who may not trade regularly.

        The broker provides a demo account option, allowing potential clients to practice trading strategies in a risk-free environment before committing real funds. This feature is particularly useful for new traders looking to familiarize themselves with the trading platform and market dynamics.

        

      6. Fund Management

        BP Prime supports a variety of deposit and withdrawal methods to facilitate client transactions. Accepted methods include:

      • Bank Transfers
      • Credit/Debit Cards (Visa, Mastercard)
      • E-Wallets (such as Neteller and Skrill)

        The minimum deposit requirement varies by account type, with the Pro Account starting at $5,000 and the Prime Account at $10,000. Deposits are generally processed quickly, with most transactions completed within 24 hours.

        While BP Prime does not charge fees for deposits, clients should be aware that withdrawal fees may apply. For example, EU traders may incur a £25 fee for withdrawals after the first free withdrawal each month. UK traders typically enjoy free withdrawals.

        Withdrawal processing times may vary depending on the chosen method, but they generally take 2 to 5 business days to reflect in the client's account.

        

      7. Customer Support and Educational Resources

        BP Prime provides robust customer support to assist clients with their inquiries and issues. Support channels include:

      • Phone Support
      • Email Support
      • Online Chat (available during business hours)

        The customer support team operates 24/6, ensuring that traders can receive assistance when needed. BP Prime also offers support in multiple languages, including English, Italian, Spanish, and Chinese.

        In terms of educational resources, BP Prime provides a selection of articles and market analysis to help traders enhance their knowledge and trading strategies. However, the broker does not offer extensive educational materials such as webinars or video tutorials, which may be a drawback for beginner traders seeking comprehensive training.

        

      8. Regional Coverage and Restrictions

        BP Prime primarily serves clients in the United Kingdom, Europe, Asia, and South America. The broker has operational offices in London, Italy, and China, allowing for a diverse client base.

        However, BP Prime does not accept clients from certain countries, including the United States, Canada, France, Afghanistan, Belgium, Guinea-Bissau, Iran, Iceland, Libya, North Korea, Somalia, Sudan, Syria, and Yemen. These restrictions are in place due to regulatory compliance and legal considerations.

        In conclusion, BP Prime is a regulated broker that offers a solid range of trading services and products. With its FCA regulation, competitive trading conditions, and advanced trading platform, BP Prime is well-equipped to meet the needs of both retail and institutional traders. However, prospective clients should consider the high minimum deposit requirements and the limited range of available trading instruments before opening an account.

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Latest Reviews

FX1367919021

FX1367919021

Australia

Even though I can't read Chinese, I was able to understand that this company is actually a forex scammer! I really hope that forex traders can stay vigilant and these victims can recover their losses sooner.

Positive

2023-03-10

FX1532132782

FX1532132782

Hong Kong

A netizen gave me the following link, informing me that there is a 7-day fixed deposit event, and 3% of the profit will be rebated every day, and then recharge 20% on the basis of the total amount of the principal of the day after the rebate to continue the rebate and the fixed deposit activity After it was over, I was told that I needed to pay 20% of the income and the tax department approved it before withdrawing it, and the platform could help or pay it to the tax department. It was too troublesome for the platform to pay more than 130,000 taxes. In the whole process of participating, I deposited more than 300,000 yuan in funds, and they were all online loans. Because I did not have much funds, this netizen helped me recharge more than 400,000 yuan (including tax payment) in total. I didn’t doubt him when I saw that he helped me recharge more than I did. On the second day after paying the tax, he said that he was a bit busy in the past few days and he might not contact me less, but he couldn't contact me on the third day. And every day I pay attention to the notifications after the platform approves the tax withdrawal so that I can repay the online loan. As a result, it is about to pass one week later, but it still shows that it is pending approval. I asked the customer service again and again and there was no reply. I suddenly realized if I was deceived by the routine? Is this website a formal platform? The investment of more than 300,000 yuan is all the various online loans I borrowed. This amount of money is the hard work of our ordinary people for half a lifetime, and we dare not let our parents know. Guiqiu for advice from experts from all walks of life, how can I recover my assets justly? Thank you so much, good people are safe and happy in their lives!

Exposure

2021-07-05

 广发银行  小余

 广发银行 小余

Hong Kong

They don’t answer my questions directly.

Exposure

2021-02-08

BP Prime Forex Broker has an overall rating of 5.76, Regulatory Index 6.32, License Index 5.50, Business Index 7.96, Software Index 9.49 Risk Control Index 0.00.