BISON PRIME Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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I've been using BISON PRIME for a while now and it's undeniably one of the best platforms I've experienced. Its interface is user-friendly and the customer support is top-notch. Plus, the robust functionality makes handling tasks a breeze. Highly recommended!
Bison Prime has garnered significant attention in the forex trading community, but the overall sentiment surrounding this broker is largely negative. Users have reported a range of issues, particularly concerning the broker's lack of regulation and questionable practices. Notably, Bison Prime claims to be affiliated with the National Futures Association (NFA), yet it has been identified as a "cloned broker," raising serious concerns about its legitimacy and trustworthiness.
Note: It's essential to recognize that Bison Prime operates across various regions, which may affect its regulatory status and user experience. This review aims to provide a fair and accurate assessment of the broker based on multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
We score brokers based on a combination of user feedback, expert analysis, and factual data.
Bison Prime is an online trading platform that offers various features aimed at helping traders achieve their investment goals. However, crucial details such as its founding year and specific regulatory status remain unspecified. The platform claims to support the popular MetaTrader 4 (MT4) trading platform and offers a range of trading instruments, including spot, futures, options, and swaps. Unfortunately, Bison Prime operates without any genuine regulatory oversight, which is a significant red flag for potential investors.
Bison Prime has been flagged by various regulatory bodies, including ASIC, for potential involvement in fraudulent activities. The broker does not hold any valid licenses, which means it operates without the oversight necessary to protect traders' interests. This lack of regulation is a serious concern, as it exposes users to significant risks.
Bison Prime allows deposits through wire transfers, ACH transfers, and cryptocurrencies. However, users have reported difficulties in withdrawing funds, often facing delays and additional fees. For instance, there is a $25 fee for withdrawals under $100, and a 0.5% fee for amounts above that threshold.
The minimum deposit requirement varies by account type, but it is generally set around $50 for standard accounts. This low entry point may attract new traders, but the risks associated with unregulated brokers should not be overlooked.
While Bison Prime may offer promotional bonuses, these often come with strings attached, such as high trading volumes or additional fees. Users should be cautious and read the fine print before accepting any bonuses.
Bison Prime offers a diverse range of trading instruments, including cryptocurrencies, forex, and commodities. However, the absence of genuine regulatory oversight raises questions about the safety and integrity of these trading options.
Bison Prime claims to offer competitive spreads, particularly on major cryptocurrencies. However, users have reported a wide range of hidden fees, including overnight interest fees, which can significantly increase the overall cost of trading.
The leverage offered by Bison Prime varies by account type, with some accounts allowing leverage up to 1:500. While high leverage can amplify profits, it also increases the risk of substantial losses.
Bison Prime primarily supports the MT4 platform, which is user-friendly and widely recognized among traders. However, the platform's limited educational resources may hinder inexperienced traders from maximizing their trading potential.
Due to its unregulated status, Bison Prime may not be available in certain regions, particularly where strict regulations govern forex trading. Users should verify their local regulations before attempting to open an account.
Customer support for Bison Prime appears to be lacking, with many users reporting difficulties in reaching support representatives. This lack of accessible support is a major drawback for traders seeking assistance.
In summary, the Bison Prime review reveals a broker fraught with issues that potential investors should carefully consider. The lack of regulation, poor customer service, and numerous complaints about withdrawal difficulties paint a concerning picture. While the platform may offer competitive spreads and a variety of trading instruments, the risks associated with trading through an unregulated broker far outweigh any potential benefits. Traders are strongly advised to conduct thorough research and consider alternative, regulated brokers to safeguard their investments.
