Dumb Little Man

Bold Prime Review 2024 with Rankings by Dumb Little Man

John V

Overall Rating

Overall Ranking

Trading Terminals

1.5

1.5/5

112th

Evaluation Criteria

The Dumb Little Man team, consisting of financial experts, experienced traders, and private investors, utilizes a sophisticated algorithm to conduct detailed evaluations of brokerage services. Their analysis centers on crucial aspects such as:

  • User Experience
  • Earnings Potential
  • Reliability
  • Broker Expertise
  • Cost-Effectiveness


Incorporating real user feedback into their assessments, they provide a well-rounded and unbiased perspective. Their meticulous investigation highlights Bold Prime as a trustworthy option for those in search of a reliable financial partner. However, Dumb Little Man encourages potential clients to carefully review their comprehensive analysis to understand any possible limitations associated with the broker.

Bold Prime Review

“Forex brokers” are very important in the financial markets because they help traders find their way around the complicated world of currency dealing. Among these, Bold Prime stands out as a leader in the CFD Brokerage Industry, giving retail buyers access to technology and performance at the level of institutions.

Bold Prime promises to give traders a better experience by using cutting-edge technology and having help teams available round the clock, seven days a week. This review shows what experts have found and experienced with Bold Prime, showing what makes it stand out in the crowded forex trading market.

What is Bold Prime?

Bold Prime is a unique company in the CFD Brokerage Industry. It was founded in 2020 by a group of experts from different parts of the financial services industry. The goal of this partnership was to improve the traditional retail brokerage model by adding features and performance that are standard in the industry and putting a lot of emphasis on innovation and accessibility.

The business is proud of its regulatory compliance, which means strictly following financial rules like keeping enough capital on hand and meeting audit standards. Bold Prime stresses how important it is to keep client funds safe in separate, insured trust accounts and handles private information with the utmost care.

Bold Prime’s mission is to make premium financial services more accessible to everyone, not just famous people. They want to push the limits of technology and service in the brokerage business. Bold Prime was founded on the idea that everyone should be able to get the best technology and service. This is still the main idea behind its operations and new ideas.

Safety and Security of Bold Prime

Bold Prime puts its clients’ investments and personal information safety and security first by making sure it follows strict legal rules and privacy measures. This information was carefully put together after a lot of study on Dumb Little Man. It shows how committed the broker is to keeping the trading environment safe.

The broker follows the rules set by many countries, such as Mauritius and St. Vincent & The Grenadines (SVG), to make sure their finances are stable and their business is honest. Bold Prime meets the standards for capital adequacy and audit, which shows that it cares about financial security. Also, client funds are kept safe in separate, guaranteed trust accounts, which protects them from possible financial instability or bankruptcy.

There are laws against money laundering in St. Vincent and the Grenadines, like the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA), Mauritius’s Prevention of Corruption Act 2002, and St. Vincent and the Grenadines’ Prevention of Terrorism Act 2002. Bold Prime follows these laws. Its legal registration in The Autonomous Island of Anjouan, Union of Comoros, makes it even more compliant with regulations, giving traders from all over the world a safe place to deal.

Pros and Cons of Bold Prime

Pros

Cons

Sign-Up Bonus of Bold Prime

Bold Prime often gives new and current customers nice sign-up bonuses. For instance, they have a gift for the Chinese New Year that is just for that holiday. This deal gives traders an extra financial reason to take part in order to improve their trading experience.

To get this bonus, customers must either sign up for or log in to their Bold Prime Trading Account and pay at least $88, which is in line with the holiday spirit of wealth. Which account type can get the bonus depends on whether you choose an MT5 Prime Standard Account or an MT4 Bonus Account. The bigger the deposit, the bigger the bonus, which means that you have a greater chance of making amazing money.

Once these conditions are met, the bonus is added straight to the client’s account, giving them the chance to start trading with Bold Prime or improve their current trading. This program not only rewards customers, but it also gets them to use the platform’s trade features and services more.

Minimum Deposit of Bold Prime

People who have either type of Bold Prime account must put at least $200 before they can use it. This requirement makes sure that traders have enough money to trade effectively in the market and also keeps the market open to a wide range of buyers.

By setting a minimum payment of $200, Bold Prime strikes a balance between the need for an easy way to get started and the desire to provide a safe place to trade. With this method, traders can test the forex and CFD markets to their fullest potential with a small initial input.

Bold Prime Account Types

Bold Prime has different types of accounts to meet the wants of different traders. Our experts at Dumb Little Man did a lot of testing and study to give you a full picture of these accounts. They also offer a demo account, and it’s this broker supports Muslim traders b y offerinf and the following is a clear and well-organized list of the most important features of each account type, made to be easy for everyone to understand:

Standard Account

Prime RAW Account

Prime Platinum Account

Bold Prime Customer Reviews

Bold Prime customer reviews present a mixed spectrum of experiences, highlighting the platform’s strengths and areas of concern. On the positive side, users appreciate the efficiency in deposit and withdrawal processes, along with a broad range of options for managing funds. The trading experience is commended for living up to expectations, featuring a diverse selection of symbols and tight spreads on popular assets. Customer service is noted for its kindness and rapid response times, with mentions of the company’s commitment to continuous improvement.

However, some users express caution, citing instances where positions were allegedly closed manually despite sufficient margins, leading to significant losses attributed to commissions and spreads. These contrasting views suggest potential risks, with a few labeling the service as a scam, advising against deposits. This duality in customer feedback underscores the importance of thorough research and consideration before engaging with Bold Prime or any trading platform.

Bold Prime Fees, Spreads, and Commissions

Bold Prime offers competitive fees, spreads, and commissions across its various account types, designed to cater to a wide range of traders from individual to institutional levels. The platform provides an ECN account and an Institutional account, both featuring a minimum spread starting from $1.5, with no withdrawal commission, highlighting the broker’s commitment to transparent and affordable trading costs.

Additionally, Bold Prime applies a fee for holding trading positions overnight, a common practice in the industry to account for the cost of carrying positions beyond the close of the trading day. When comparing Bold Prime’s trading fees with other Forex brokers, its fees as has an average commission of $1.5.

For currency pairs, Bold Prime boasts spreads from as low as 0.1 pips, offering traders tight spreads that enhance trading efficiency and cost-effectiveness. This structure makes Bold Prime an attractive option for traders seeking to maximize their trading potential while minimizing costs, whether they are engaging in high-frequency trading or looking for long-term investment opportunities.

Deposit and Withdrawal

A trading professional at Dumb Little Man carefully tried the deposit and withdrawal processes at Bold Prime. This gives us information about how fast and cheap these financial transactions are. Bold Prime gives its customers around the world a range of ways to deposit and receive money, so it can meet their needs.

Bold Prime accepts a lot of different ways to make deposits, such as bank transfers, Visa or MasterCard, Neteller, Skrill, and DragonPay. The minimum deposit amount ranges from AUD $1 to AUD $200. Credit/debit cards and other web payment systems usually make these transactions instant, so traders can get to their money right away. Deposits can be made in a number of different currencies, including USD, AUD, GBP, EUR, CAD, and SGD. This gives foreign traders more options.

When you want to take money out, you can use bank transfers, Visa or MasterCard, or Neteller. Even though Bold Prime doesn’t charge fees for withdrawals, it’s important to know that banks or payment methods may. Withdrawal times vary. For card withdrawals, it takes 1-2 business days for Australians and 3-5 business days for foreign customers. For bank transfers, it takes 1–10 business days.

Withdrawals from Neteller are handled within one day, so you can get your money quickly. These steps, along with the ability to receive money in a number of major currencies, show that Bold Prime is dedicated to giving its traders a smooth and easy banking experience.

How to Open a Bold Prime Account

Bold Prime makes it easy to open an account so that buyers can start trading right away with as little trouble as possible. If you want to start trading with one of the best tools in the financial market, just follow these nine easy steps.

  1. Click on the “Sign Up” link.
  2. You must type in your name exactly as it appears on your visa.
  3. Type in your birthday.
  4. Type in your address.
  5. Give your email address and phone number.
  6. Make a password.
  7. Finish the Captcha check.
  8. Please agree to the terms and conditions, the client agreement, and the AML/KYC policy.
  9. Make sure you’re at least 18 years old, then click “Continue” then start trading online.

Bold Prime Affiliate Program

People and businesses can make a lot of money through the Bold Prime Affiliate Program by building a group and working with the platform. Affiliates can get paid up to $10 USD per lot through this program, and they are rewarded based on how many active clients they bring to Bold Prime through an organized tier system.

The program’s prices go from $1 per lot for at least one active client to $10 per lot for 60 or more active clients. This is meant to encourage growth and teamwork. Affiliates get flat-rate commissions on Forex and Metals, as well as faster transfers and withdrawals. This makes it a good choice for people who want to grow their business in the financial industry. The program also comes with a reliable, industry-standard CRM that lets you make flexible earnings and effectively add more clients.

Bold Prime Customer Support

Bold Prime puts a lot of effort into customer service, making sure that buyers can get help whenever they need it. When Dumb Little Man talked to their customer service, it was clear that Bold Prime cares about its users’ trading experiences and wants comments and questions to improve service quality.

Bold Prime’s support team can be reached by email, phone, and live chat 24 hours a day, 7 days a week. This way, they can help customers all over the world, even those in different time zones. During business hours, which are from 9:00 AM to 5:00 PM (GMT+2), you can get personalized help with both technical and trade questions. Bold Prime makes sure that all concerns are dealt with quickly and effectively by providing separate email addresses for sales and support questions (support@boldprime.com and sales@boldprime.com).

Bold Prime has also set up a physical presence in Saint Vincent and the Grenadines and Dubai, UAE. This shows that they are committed to being available and quick to customers all over the world. This multichannel approach to customer service, which was emphasized by Dumb Little Man, shows that Bold Prime is dedicated to providing a helpful and responsive trade environment.

Advantages and Disadvantages of Bold Prime Customer Support

AdvantagesDisadvantages
Support through a number of channels

Live Chat 24hrs/7

Wide Accessibility

On time and effective
 Possible fees from outside sources

Lack of Enough Information

Bold Prime vs Other Brokers

#1 Bold Prime vs AvaTrade

Bold Prime focuses on the MT4 and MT5 systems for a variety of account types and offers cutting-edge trading technology at low fees. AvaTrade stands out because it offers a wide range of trading tools and a strong educational system that helps traders of all levels. AvaTrade is the better choice for traders who want access to a lot of tools and help with learning.

Verdict: AvaTrade is better for traders who want a lot of instruments and training materials, while Bold Prime is better for traders who want to save money and use the latest technology.

#2 Bold Prime vs RoboForex

RoboForex is known for having many trading platforms, such as MT4, MT5, cTrader, and R Trader, and trading conditions that are suited to different trading styles. Bold Prime puts a high value on low prices, a safe place to trade, and different account types for buyers of all levels. RoboForex gives traders more options for different platforms and trading settings that can be changed.

Verdict: RoboForex is better for traders who want a range of platforms and the ability to customize them. Bold Prime is better for traders who are more interested in spreads and account types.

#3 Bold Prime vs FXChoice

FXChoice focuses on forex and CFD trading, giving traders access to commodities and emerging markets, which makes the site attractive to those who want to diversify their holdings. Bold Prime stands out for having low spreads and a strong affiliate program. Its tiered account system makes it easy for both new and experienced users to use. Bold Prime is best for people who want low prices and a lot of account choices, while FXChoice is best for traders who want to focus on commodities and emerging markets.

Verdict: FXChoice is the best option for traders who want to expand their business into emerging countries. On the other hand, Bold Prime is better for traders who value competitive pricing and a variety of account options.

Choose Asia Forex Mentor for Your Forex Trading Success

Trading pros at Dumb Little Man strongly suggest Asia Forex Mentor to anyone who wants to make a good living trading forex, stocks, or cryptocurrencies. Asia Forex Mentor is the best place to learn how to trade. It was started by Ezekiel Chew, who was a visionary who helped many traders and companies succeed and was famous for his seven-figure trades.

The platform has a complete curriculum that teaches students the skills they need to be successful in a wide range of markets, and in your market analysis even with automated trading capabilities. It also has a history of regularly turning out profitable traders. Their successful training methods and mentoring are a big reason for this.

At Asia Forex Mentor, students have the one-of-a-kind chance to learn directly from Ezekiel Chew, getting tips and tricks for navigating the complicated world of trade. The program also gives traders access to a community of helpful traders who trade in the same way, creating an atmosphere where people can work together and learn from each other.

A lot of attention is paid to the mental side of trading, with a focus on how important discipline and a strong mind are for handling feelings and stress well. Asia Forex Mentor also makes sure that its students are up to date on the latest market trends and trading strategies by giving them tools and updates all the time.

Asia Forex Mentor stands out as the best place to learn how to trade because it has a lot of success stories from students who have become financially independent. Asia Forex Mentor is the best choice for anyone who wants to do well in the financial markets and get rich because it offers a complete program with a strong education, expert mentoring, and a helpful community.

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Conclusion: Bold Prime Review

The trading experts at Dumb Little Man think that Bold Prime is a strong contender in the world of online trading because it has low fees, a lot of different account types, and access to advanced trading systems like MT4 and MT5. It has these features and a safe trading setting, which make it a good choice for traders of all levels, from beginners to experienced pros.

However, traders who want to use it should think about the minimum payment requirements and the mixed customer reviews, which show some worries about how the site trades and how trustworthy it is. Enrolling in programs like Asia Forex Mentor will increase your chances of success in the Forex trading world as you will be exposed to an environment with a winning mindset.

>> Also Read: Fxview Review 2024 with Rankings by Dumb Little Man

Bold Prime Review FAQs

What trading instruments are available on Bold Prime?

Bold Prime lets you trade in many different things, such as forex pairs, commodities, stocks, and CFDs. Traders can get to major, minor, and exotic currency pairs, as well as oil, global indices, valuable metals like gold and silver, and gold and silver. Traders have a lot of options to diversify their portfolios and interact with the markets in ways that suit their tastes and strategies.

What does the Bold Prime client agreement entail?

The terms and conditions of the working relationship between Bold Prime and its clients are laid out in the client agreement. It explains how to handle your account, how to deposit and withdraw money, fees, commissions, and your rights and responsibilities as a customer. Clients should read this deal carefully to understand the rules they will be trading by, making sure they follow them and are aware of their duties.

How does Bold Prime offer very competitive trading conditions?

Bold Prime can offer very competitive trading conditions by having low spreads, low fees, and options with high leverage. These conditions are made to work for a lot of different trading styles, from scalpers to long-term buyers, so that everyone can trade cheaply. Bold Prime’s use of cutting-edge technology and quick order processing also improves the trading experience and helps traders take advantage of market changes quickly.

Dumb Little Man Recommends – Top 3 Best Forex Brokers in 2024

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