Bold Prime Review

Bold Prime is an online trading broker that is built by traders globally so that you can experience the best of retail forex CFD trading. They provide clients with the popular MetaTrader platforms for trading forex, stocks, cryptocurrencies, CFDs, and other trading instruments. Traders are offered excellent trading conditions, such as tight spreads, zero deposit fees and leverage of up to 1:1000.

There are helpful educational resources and a 24-hour knowledgeable customer support team available to assist traders around the clock. The minimum deposit required to start trading is just $15 whilst it only takes a few minutes to open an account and start trading online. Bold Prime also have free demo accounts if you would like to practice trading online risk free in order to try out your trading strategies and familiarise yourself with the brokers products and services before committing real funds.

Founded in 2020, Bold Prime is based in Kingstown, Saint Vincent and the Grenadines. The broker operates via the STP execution model, which offers instant access to the interbank markets. Straight Through Processing (STP) is a very popular model of execution, which involves sending the orders of the traders directly to the market without passing them through the dealing desk. This helps to ensure there is no conflict between the broker and trader.

Bold Prime can be a good online Forex CFD provider for high volume traders and scalpers. This is because they offer raw spreads from 0.0 pips along with reliable trade executions speeds for execution at the best possible prices with no requotes and no restrictions on trading strategies. Expert advisors, scalping, hedging and news trading are allowed.

Via an innovative bridge, clients can be filled on trade sizes ranging from 1 micro lot (1,000 base currency) to 200 lots (25 million base currency). The brokers technology sorts and ranks prices so that massive trades can be executed in real time through several pricing suppliers and tiers, ensuring the best price for any trade size, at any time.

Markets

Bold Prime is a multi-asset brokerage where you can choose to trade from hundreds of CFD instruments including forex, indices, commodities, stocks and shares. A contract for differences (CFD) is a financial contract that pays the differences in the settlement price between the open and closing trades. CFDs essentially allow investors to trade the direction of securities over the very short-term and are especially popular in FX and commodities products.

You can buy and sell CFDs with Bold Prime to speculate on prices both long and short. If you think the price may rise, you may want to consider purchasing the asset. If you think the price will fall, you may want to consider selling it. The difference in price from when you enter and exit the trade, is the profit or loss minus any brokerage fees.

A CFD investor never actually owns the underlying asset but instead receives revenue based on the price change of that asset. Some advantages of CFDs include access to the underlying asset at a lower cost than buying the asset outright, ease of execution, and the ability to go long or short.

Platforms

Bold Prime has an incredible network and infrastructure suited to any trading style from beginners to professional trading vets that are searching for a reliable, fully equipped and efficient platform. They are providing traders with direct access to their raw Pricing through the industry standard MetaTrader platforms for desktop, web and as mobile apps. The MetaTrader 4 and 5 servers are equipped with some of the best network and computing infrastructure to ensure a smooth experience whilst avoiding latencies and delays.

Developed by MetaQuotes, the MT4 and MT5 trading platforms have grown to become the most popular trading platforms among forex and CFD traders all across the globe. MetaQuotes Software is a reputed supplier of the most reliable modern software solutions for financial markets. Having achieved outstanding success and delivering a stream of innovative products, the company has grabbed the retail Forex software market leadership. They are working with thousands of brokerage firms and banks worldwide, including Bold Prime.

MetaTrader 4

MetaTrader 4 (MT4) is very user-friendly, with an intuitive and fully customisable interface that helps to make trading online as enjoyable as possible. It is simple enough for beginners whilst it has enough features and functions to meet the needs of even the most demanding traders.

Some of the essential features of the MT4 trading platforms include:

• Real-time price quotes
• Charting tools
• Market indicators
• Flexible order types
• One-click trading
• Scripts
• Expert advisors
• Advanced risk management tools
• Real-time market execution

The Bold Prime MetaTrader 4 server is built on high bandwidth fast processing data centres and servers. The MetaTrader 4 server is cross connected to the broker and their pricing providers to ensure ultra-low latency and the fast execution of your trades.

The MT4 trading platform is available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. In addition, the web version can run directly on most modern web browsers — Chrome, Safari, Firefox, and Edge — without needing to install any additional software.

MetaTrader 5

While the MT4 trading platform was launched in 2005, the MT5 was introduced in 2010 to succeed, and it is packed with more advanced features and trading capabilities. Despite this, MT4 is still perhaps more widely utilised although MT5 tends to be more geared towards trading shares.

This platform provides all the necessary tools for financial trading, technical and fundamental analysis, algorithmic and copy trading, as well as development of custom technical indicators and trading robots.

The platform allows you to receive quotes of financial instruments, analyse markets using charts and technical indicators, perform demo trades, connect to brokers for live trading and view the history of trading operations.

• Market leading spreads and low commissions
• Leverage up to 1:1000
• Minimum lot size of 0.01
• Latest technology by MetaQuotes
• No trading restrictions
• Expanded CFD Instruments

There are no trading limits on the Bold Prime MetaTrader 5 platform. Traders can also hedge positions because Bold Prime does not follow the first in, first out (FIFO) law. Traders profit from margin netting by not having to pay margin on hedged trades.

The MetaTrader 5 Client Terminal requires Windows 7 or higher. It is also possible to run this software on a Mac OSX. Then you have the web platform and mobile trading app which can be useful if you prefer to trade on your phone or tablet whilst on the move.

Tools

The MetaTrader platforms are already packed with lots of excellent trading tools whilst you can also get loads more from the MQL marketplace. This is easily accessible from directly within the MetaTrader platforms. I would also like to see the broker have some daily expert market analysis and tools like Autochartist and Trading Central.

Education

There are a few learning articles and trading guides on the broker’s website to help try and improve clients’ trading skills and knowledge. In my opinion, they could add some more educational resources such as complete trading courses and video tutorials.

Education

You can get trade ideas, blogs and market analysis.

Market Analysis

Bold Prime offer daily morning reports along with morning and afternoon trade ideas

Conclusion

Utilizing cutting edge technology, Bold Prime provides top class trading conditions the combines an institutional trading environment with the availability and ease of use of retail trading. This gives the average day trader access to very competitive trading conditions including raw spreads, rapid execution speeds and low commission fees.

Bold Prime have a professional support team who are on hand 24/7 to help you as and when needed. They do have a limited choice of market analysis and education, an area which can be improved.

The brokers team is comprised of market experts from both Retail and Institutional trading which further widens the skillsets and expertise that they can offer on Bold Prime. Their systems, operations and wellbeing of the company is taken care of by the best personnel, leaving clients with minimal worries.

Bold Prime could be worth considering for high volume traders, scalpers and those using automated trading systems. In fact, they can accommodate all types of traders with different styles, behaviour and patterns. Their ultimate goal is to provide a fully transparent and honest platform with the client’s best interests in mind