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.
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:
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.
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:
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.
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:
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.
BP Prime offers two primary account types to cater to different trading styles and preferences:
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.
BP Prime supports a variety of deposit and withdrawal methods to facilitate client transactions. Accepted methods include:
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.
BP Prime provides robust customer support to assist clients with their inquiries and issues. Support channels include:
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.
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.
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
Hong Kong
They don’t answer my questions directly.
Exposure
2021-02-08
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