Bold Prime is an unlicensed MT5 Forex broker, that opened on March 1st, 2021. They bought their domain on February 22nd for $3999. This brokers official website is at: https://BoldPrime.com/.
The broker is officially owned by a company called Bold Prime Ltd, and they are located at Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
For complaints and withdrawal problems, read this.
Bold Prime Review
Our review of Bold Prime finds, that their investors & day traders can use the industry leading MT4 or MT5 trading app. They officially have the full suite of MetaTrader trading software including; MT5 desktop version along with the Mobile Apps for Android & iOS.
New investors at Bold Prime will find the standard range of underlying assets available for trading including: Forex, Stocks, Metals, Market Indexes, Crypto Currency and Oil. Bold Prime’s trading platform and website is only available in English, and they do not accept clients from the United States.
On this brokers website, they reference their spreads and executions based on a “Finance Magnates Q2 2020 Intelligence Report”. The problem is, they copied this information from ICMarkets website.
See a Top Rated Broker… Look at ForTrade.
Fake Investment Advisors
Many new investors just like you, have seen “money managers” flaunting their wealth on Instagram and Telegram. Or, a Forex trader may have contacted you via WhatsApp or Tinder.
Before following a Forex trader, you should know that most of these people are usually a fraud! They are setup as “Introducing Brokers”, and they are looking to profit from your trading volume. Look at the FCA regulated brokers, and you will see that none of them offer investment advice.
First educate yourself about how Forex trading works, and explore the “copy trading” features at regulated brokers like Pepperstone.
Is Bold Prime a Legit Broker?
No, Bold Prime is not a licensed or regulated broker! Brokers that are based in St Vincent a considered offshore brokers, and they have no regulatory oversight. Their contact phone number is in Hong Kong; +85281916945, and the contact email address is: [email protected].
Smart investors researching a new broker to see if they are legitimate or a scam, will always verify their regulatory license. All Forex, CFD & Crypto brokers must be licensed and regulated by your governments financial regulator. By using a licensed broker, you can be assured that they are regulated and operate in a fair manner and your money is in segregated bank accounts.
If you are having problems making a withdrawal from your broker, read this.
Compare Licensed Brokers
There are many so many licensed Forex brokers online to choose from, so first try this one!
Try a Free Demo on their amazing trading platform, signup here.
Are you currently investing with this broker? Please take a minute and share your experience in the comments below.