Last Update : October 19, 2021



BP Prime

Regulated By : FCA

Headquarters : Array

Min Despsit : 100 USD

Broker's Trustability

BP Prime Overview

Company Information

Broker Details Info
Regulators

What Is Regulation?

Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions.

FCA
Country United Kingdom
Base Currencies

What is Base Currency?

In the forex market, currency unit prices are quoted as currency pairs. The base currency โ€“ also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.

EUR, USD, GBP
Type Of Brokers

Broker Types

There are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers.

STP, DMA
Trading Platform

What is Trading Platform?

A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.

Desktop, Mobile, MT4
Established Year 2018
Website Language English
US Clients

Payment Option

Method Getway
Acc Funding Methods Skrill, Neteller, Wire transfer, WebMoney, Visa Card, Master Card
Acc Withdrawal Methods Skrill, Neteller, Wire transfer, WebMoney, Visa Card, Master Card

Trading Account Options

Type Info
Maximum Leverage

Forex Leverage

Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses.

1:100
Mini Account

What Is Mini Account?

A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses.

VIP Accounts
Segregated Accounts

What Is Segregated Account?

Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments.

Free Demo Accounts
Managed Accounts

What Is Managed Accounts?

A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs.

Pro Account
Minimum Deposit 100 USD
Islamic Account

What Is Islamic Account?

An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.

Contact Information & Support

Type Info
Telephone No +44 (0) 20 3745 7101
Email [email protected]
24 Hours Support
Support During Weekends
Address St Magnus House3 Lower Thames Street London EC3R 6HD United Kingdom

BP Prime Trading Features

Suitable For

Trader Level Yes/No
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading

Spreads And Commission

Trader Level Yes/No
Minimum Spreads

What Is Spreads?

The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions.

0.1
Commission
Fixed Spreads

Trading Services

Service Info
Hedging

What Is Hedging?

Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options.

News Trading
Scalping

What Is Scalping?

Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit.

Automated Trading
Indices

What Is Indices?

The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.

Commodities

What Is Commodities?

The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities.

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Trading Signals
Educational Service
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Min.Deposit: $1

Regulated: ASIC

Max.Leverage: 1:3000

Country: Array

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Min.Deposit: 10 USD

Regulated: IFSC

Max.Leverage: 1:777

Country: Array

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XM

Min.Deposit: 5 USD

Regulated: ASIC

Max.Leverage: 1:888

Country: Array

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Min.Deposit: $1

Regulated: FSC of BVI

Max.Leverage: 1:1000

Country: Array

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Lirunex

Min.Deposit: 25 USD (LFSA&MED) $500 (CySEC)

Regulated: CySEC

Max.Leverage: 1:1000

Country: Array

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