Bold Prime was established in the year 2020 which makes it a relatively new online forex CFD broker. Is Bold Prime the broker for you? Let’s discuss some of the pros, cons and ratings of Bold Prime to answer this question.
Bold prime overview
Bold Prime is an online forex CFD broker. It is regulated and offers trading in stocks, indices, commodities as well as options. It aims to provide a completely honest and transparent platform which has its client’s best interests at which has its client’s best interests at heart. It broker is regulated by two authorities, ASIC or the Australian Services and Investments Commission as well as the FSC or the Financial Services Commission.
Bold Prime Pros
MT4 and MT5: Bold Prime offers its users user friendly trading platforms and applications. Clients can access the popular MetaTrader 4 and MetaTrader 5 trading platforms which are very popular because of how user friendly and customizable they are. It also offers its users trading apps for their mobiles whether iOS or Android powered.
Range of financial instruments: It offers a wide range of financial instruments which is inclusive of forex, shares, indices, cryptocurrencies as well as soft commodities, oil/energies etcetera.
Trading tools and learning resources: It helps traders improve their skills and make informed trading decisions by providing them with a range of educational resources as well as trading tools such as webinars, video tutorials, books, economic calendars as well as free demo accounts which novices can use to learn trading with virtual money.
Instant account opening and funding: At Bold Prime, the account opening process is fast and easy which allows traders to start trading immediately after signing up and depositing funds.
Bold Prime Cons
Limited securities list: When compared to other brokers operating on a global level does not have a securities list that is large or even compared to most other brokers.
Low customer ratings: It has a low customer rating of 1.9 out of 5 stars on Rebate King FX, and 1.4 out of 5 stars on Cashback Forex. However, on Trustpilot, they have a rating of 4.1 out of 5 stars, when considering that the broker is still relatively young these ratings are not particularly bad but it is safe to assume that consumers have some mixed feelings about it.
Expulsion from FinCom: It after several failures to comply with the rules and regulations of the Financial Commission has been expelled from its membership recently.
Bold Prime Ratings
It is ranked at 587 out of 1342 11zon brokers on Cashback Forex and Rebate King FX. This is an overall rating, it comes from an aggregate of ratings in regulation, price rating, customer rating, features as well as customer support. The broker has a high trust score with its clients as seen on Trustpilot.
Conclusion
Bold Prime is definitely worth a consideration from high volume traders, scalpers and those using automated trading systems. This broker offers you user-friendly trading platforms and applications, hundreds of financial instruments to choose from, learning resources as well as easy account opening and funding processes. Yes, there are limitations and traders should do their due diligence, but it is very likely to be your ideal broker.
