Breitling Prime foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://login.breitlingprime.com/auth/register, about the company's legal and temporary regulatory information, the company's address Chase Business Centre 39-41 Chase Side London N14 5BP.
Company Name: Breitling Prime Ltd
Founded: 2023
Headquarters Location: Chase Business Centre, 39-41 Chase Side, London, N14 5BP, United Kingdom
Company Nature: Private ownership
Primary Markets and Clientele: Breitling Prime primarily services retail forex traders and institutional clients, focusing on diverse trading needs across various asset classes.
Company Development and Milestones: Since its establishment in 2023, Breitling Prime has rapidly gained attention in the forex trading industry, though it has faced scrutiny regarding its regulatory status and operational practices.
Parent Company or Group Relations: There is no public information indicating that Breitling Prime operates under a larger corporate group.
Business Model Overview: The broker operates on a retail forex model, providing trading services for foreign exchange, commodities, indices, and cryptocurrencies.
The Breitling Prime broker aims to offer a comprehensive trading experience, emphasizing user-friendly platforms and a wide range of trading instruments.
Main Regulatory Authorities:
Validity and Scope of Regulatory Licenses: The licenses held by Breitling Prime are intended to ensure compliance with anti-money laundering (AML) regulations. However, the revocation of its ASIC license raises concerns about its operational transparency.
Legal Entities in Different Regions: Breitling Prime operates primarily under the UK entity, but it has also registered in Australia. However, it is not listed on the Financial Conduct Authority (FCA) register, indicating a lack of regulation in the UK.
Client Fund Segregation Policy: The broker claims to prioritize the safeguarding of client funds by segregating them from operational funds, although the effectiveness of this practice remains uncertain.
Investor Compensation Fund Participation: There is no evidence that Breitling Prime participates in any investor compensation schemes, which poses a risk for clients in case of broker insolvency.
KYC and AML Compliance Measures: Breitling Prime is required to comply with KYC and AML regulations, but the effectiveness and implementation of these measures are not publicly detailed.
The second mention of the Breitling Prime broker highlights its regulatory landscape, which is critical for potential investors to understand.
Number of Forex Currency Pairs and Major Varieties: Breitling Prime offers access to over 50 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on various forex market movements.
CFD Product Categories: The broker provides a diverse range of Contract for Difference (CFD) products, including:
Special Products or Unique Trading Varieties: Currently, there is no indication of unique or proprietary trading products offered by Breitling Prime.
Product Update Frequency and New Additions: The broker has not publicly specified the frequency of product updates or the introduction of new trading instruments.
Retail Trading Services: Breitling Prime focuses on retail trading services, catering to individual traders with a variety of account types and trading platforms.
Institutional Client Services: There is no specific information available regarding services tailored for institutional clients.
White Label Solutions: No information is provided about whether Breitling Prime offers white label solutions.
Asset Management Services: There are no indications that asset management services are offered by Breitling Prime.
The breadth of products and services available through the Breitling Prime broker allows traders to engage with a variety of financial instruments, although the lack of unique offerings may limit appeal.
MetaTrader 4/5 Support Status: Breitling Prime does not support the widely used MetaTrader 4 or MetaTrader 5 platforms, which may be a drawback for traders accustomed to these platforms.
Proprietary Platform Details: The broker offers a proprietary trading platform known as Desktop Trader, which is designed for user-friendliness and efficiency.
Web-Based Trading Platform: The Desktop Trader is accessible via web browsers, providing flexibility for traders.
Mobile Applications: Breitling Prime provides a mobile trading application for both iOS and Android devices, allowing traders to manage their accounts on the go.
Execution Model: The broker claims to utilize a no-dealing desk (NDD) execution model, which is designed to provide better pricing and faster execution.
Server Locations and Technical Infrastructure: Specific details regarding the server locations and technical infrastructure supporting the trading platform have not been disclosed.
API Access and Automated Trading Support: There is no public information on whether Breitling Prime offers API access for automated trading.
The third mention of the Breitling Prime broker showcases the technological aspects of its trading services, which are essential for traders seeking efficient execution and robust platforms.
Standard Account Conditions: The broker offers a standard trading account with the following conditions:
Advanced Account Types: There is no information available regarding advanced account types such as VIP or professional accounts.
Special Accounts: There is no mention of special accounts such as Islamic accounts or corporate accounts.
Demo Account Policy: Breitling Prime does not offer a demo account, which is typically a standard feature among reputable brokers.
Leverage Ratios: The broker offers a maximum leverage of up to 1:1000, which can amplify both potential profits and risks.
Minimum Trade Size: Specific details regarding the minimum trade size have not been disclosed.
Overnight Fees Policy: Information on overnight fees is not provided, leaving traders to inquire directly with the broker.
The trading conditions provided by the Breitling Prime broker indicate a focus on standard trading accounts, but the lack of transparency regarding fees and account types may concern potential clients.
Supported Deposit Methods: The broker supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific details are not disclosed.
Minimum Deposit Requirements: The minimum deposit requirement varies by account type but is not explicitly stated.
Deposit Processing Times: The broker has not provided information regarding the processing times for deposits.
Deposit Fees: There are no clear details on any potential deposit fees associated with funding an account.
Withdrawal Methods and Restrictions: Information about withdrawal methods and any associated restrictions is not provided.
Withdrawal Processing Times: The broker does not disclose the expected processing times for withdrawal requests.
Withdrawal Fee Structure: There is no information available regarding withdrawal fees.
The fourth mention of the Breitling Prime broker emphasizes the importance of understanding fund management practices, especially in light of the lack of transparency regarding deposit and withdrawal conditions.
Support Channels: Customers can reach out to Breitling Prime through email and possibly phone support, although no specific phone number is provided.
Service Times and Time Zone Coverage: The broker does not specify its customer support hours or the time zones covered.
Multilingual Support: There is no information on whether customer support is available in multiple languages.
Types of Educational Resources: Breitling Prime offers educational resources, including an economic calendar and introductory forex materials, to help traders enhance their knowledge.
Market Analysis Services: The broker does not provide specific details about market analysis services, such as daily analyses or research reports.
Trading Tools: There is no specific mention of trading tools such as calculators or signal services.
The customer support and educational resources provided by the Breitling Prime broker appear limited, which may impact the trading experience for new clients seeking guidance.
Primary Service Markets: Breitling Prime primarily targets markets in the United States, Canada, Japan, China, and Cambodia.
Regional Office Distribution: There is no information regarding the distribution of regional offices, with the main office located in the UK.
Countries/Regions Not Accepted: The broker does not accept clients from certain jurisdictions, including those with stringent regulatory frameworks.
Special Restriction Notes: Specific restrictions related to trading in certain countries are not detailed.
In summary, the Breitling Prime broker operates in a complex regulatory environment, and potential clients should be aware of the risks associated with trading with an unregulated broker. The information provided in this guide aims to equip traders with the necessary insights to make informed decisions.
Constantine Alistair Fitzroy
Australia
Breitling Prime has impressed me with its fast growth and commitment to security and transparency. As an active trader, the wide variety of assets to trade with, including forex and shares CFDs, plus the fact that the trading environment is regulated by both FinCEN and ASIC, gives me significant confidence in my trading. On top of that, their high leverage ratio of 1:1000 offers great opportunities for potential profit maximization.
37130
2023-12-06
タマ
Japan
It's been 6 days since I received an email stating that the money will be transferred within 2 to 4 business days, but I haven't heard anything yet. I'm in trouble!
Exposure
2023-07-20
Lorelei St. James
Malaysia
While I appreciate Breitling Prime's variety of tradable assets, and the security that comes with regulation by FinCEN and ASIC, I'm a bit disappointed with their lack of transparency on deposit and withdrawal methods. Moreover, the absence of MT4/MT5 platforms, which I'm more familiar with, and the potentially limited customer support do create some limitations. But overall, I'm willing to see how this new platform evolves.
37130
2023-12-07