BP PRIME Review (2023)

What is BP Prime?

The BP Prime is an abbreviation and trading name of the Black Pearl Securities Limited, the company incorporated in London, the UK by Forex experts and traders in 2013. The company establishes a close relationship with technology companies and liquidity providers in order to behave as an expert provider to private, professional and institutional clients, and serve clients across Europe, Asia and South America with additional operational offices in Italy and China.

This model brings a competitive offering of a combination of the technology, tight pricing with market depth and the utmost level of customer service. Moreover, the market-leading commissions and secure low latency execution were designed to satisfy the need of the elite trader tools with white label opportunities.

Instruments

The range of trading instruments including online trading services for Forex, Cryptocurrencies, CFDs and Commodities that are connected with market-leading aggregation, also more than 10 index CFDs also available via FIX API, with negotiable and dependant on a volume prices for institutional clients.

Education

The innovative and integrated value provides an exceptional relationship between BP Prime and its clients. Apart from the multisided education that brings a deep understanding of the trading process, strategies, technology and psychology through the recognized by the UK Government materials, the company also building close cooperation with the client.

Is BP Prime safe or a scam?

BP Prime is a fully licensed brokerage company regulated by the world’s respected Financial Conduct Authority (FCA, UK), so it is safe to trade with BP prime. The above regulation as an independent authority providing the confidence of security to the clients, while ensuring full compliance with the financial service operational guidelines and constantly overseen business.

The standard requirement by regulation line includes strict capital adequacy compliance, approved procedures of risk management, accounting and audits, along with honest and fair management of clients.

The financial security stands at a paramount priority of any regulated company, which is proved by regulatory audits. Thus the risks taken on the marker are measured by the authority, as well as funds are protected by the segregated, separate accounts within top-tier banks. Meaning the company can never use the client’s money for its own good, besides the money always protected and covered by the UK’s Financial Services Compensation Scheme (FSCS).

Trading Platforms

And now let us have a closer look at BP prime one of the strongest points, BP PRIME’ technology solutions that allow improvement of the trading performance while keeping constant control over risk management.

All clients can have access to a broad range of bespoke liquidity pools, including bank and non-bank relationships feed as well as Electronic Communication Networks (ECN) via third-party world leading trading platforms or over GUI, FIX API.

SO together with that, BP Prime MT4 terminal is a perfect software for trading, as provides dynamic and necessary tools range to assist in the correct decision. Financial instruments represented in all-in-one concept with most popular automated strategies EAs, vast of order types and orders that can be placed directly from the Market Watch.

The whole range of functions along with built-in functions helping to facilitate the strategy with simple and convenient use.

Furthermore, the is a vast of additional prime level tools that enhance the trading capabilities, decision assistance and includes applications with Trading Indicators, Stealth Orders, Trader Terminals, Tick Chart Trader, Sentiment Trader, Correlation Matrix and many more. Overall, thanks to a unique combination of technology and personal attention, BP PRIME is able to accommodate the requirements of the most sophisticated clients.

Accounts

The account types at BP prime are divided only by the client’s type, while the trading conditions will be discussed and tailored according to the needs and necessary requirements. Generally, Private Clients can join with the small amount of 500$ while gaining STP access to the range of trading instruments, along with the numerous technology benefits from the company and competitive pricing.

Fees

The BP Prime spread varies according to the account type, while typical spread for EUR/USD pair is 0.3 pips and commodities trade presented with low margins of 0.5%. The Standard Account and Pro Account costs are all built into a variable spread, while Prime Account offers lower spread but with commission per trade. Overall, BP prime spreads among the most lowest in the industry, you may see a comparison of spreads below as well check out another broker BDSwiss.

Leverage

While trading with BP Prime you are offered to use also leverage, which is a loan taken from the broker with a purpose to increase your trading style. Leverage indeed brings vast capabilities and higher gains, however should be used smartly due to its possibility to increase risks too.

• Therefore, regulatory restrictions in the UK and Europe lower use of leverage for retail traders only to a maximum of 1:30 for Major Currency pairs. However, professional traders may apply for higher leverage up to 1:100 for Forex instruments.

Deposit and Withdrawal Methods

As for the payment methods, BP Prime supports the most used options alike Bank Transfers, Credit or Debit Cards operations as well as the option to use Neteller of VPay.

However, BP Prime reserves the right to pass any process costs incurred in relation to any payment mechanism or in case of currency exchange and payments made by credit card, but there is no any specific charge from the broker himself towards the payments processing.

Minimum deposit

The minimum deposit amounts are distributed according to the trading accounts, thus Standard account requires only 500$ as a start, while Pro Account should maintain 5,000$ and Prime account 10,000$ respectively.

Conclusion

The BP Prime review shows the UK based brokerage company that is fully regulated by the world’s known FCA and provides unparalleled trading service through a highly secured environment. The Broker operates under a 100% agency model, which means there are no any held positions or conflicts of interest, while customers execute their orders with STP or NDD model.

A wide range of currency pairs, fast execution, flexible leverage, low spreads and dedicated global coverage offers truly complete trading packages and ensures traders ahead of the personal even develop further. Thus, BP prime recommended as a considerable brokerage, especially for professional traders and those who trade bigger sizes and require unparalleled technology.

Nevertheless, it would be good to know your personal opinion about BP prime, you may share your experience in the comment area below, or ask us for some additional information.