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BP Prime Fees, Spreads and Commissions Reviewed ☑️ (2022)


BP Prime Fees & Spreads ZAR
 

BP Prime is considered low-risk and can be summarised as trustworthy. BP Prime trading involves spreads from 0.1 of point and commissions vary depending on the account tier selected. Leverage stretches from 1:30

 

BP Prime at a glance

 

Broker’s Name BP Prime
🏛️ Headquartered London
📅 Year Founded 2010
⚖️ Regulating Authorities FCA
⏳ FCA 688456
🌐 Countries not accepted for trade United States, Canada, France, Afghanistan, Belgium, Guinea-Bissau, Iran, Iceland, Libya, Korea, Somalia, Sudan, Syria, Yemen
☪️ Islamic account (swap-free) No
📎Sign up Bonus No
👍 Demo Account Yes
📌 Account types Pro Account / The Prime Account
📎 Commission Commission depending on trading volumes
📎 Spreads From 0.6
📊 Institutional Accounts No
📊 Managed Accounts Yes
📈 Maximum Leverage 1:30 (1:200 on request for professionals)
💰 Minimum Deposit $5000 (R 80 000 USD/ZAR at the time of writing)
💳 Deposit Options Credit and debit cards
Bank wire transfers
Local bank transfers
Neteller
Skrill
💳 Withdrawal Options Credit and debit cards, Bank wire transfers
,Local bank transfers, Neteller, Skrill
💻 Platform Types MetaTrader 4
📱 OS Compatibility Windows, Mobile, Web, iPhone, iPad

PC and Mac OS, mobile for Android and IOS

📈 Tradable assets offered Currency pairs, indices, commodities, and cryptocurrencies
👨‍💼 Languages supported on Website English, Italian, Japanese, or Spanish
👥 Customer Support Languages English, Italian, Japanese, or Spanish
📆 Customer Service Hours 24/5

 

 

BP Prime Fees, Spreads & Commission  – 7 key points quick overview:

 

  1. ✔️BP Prime at a glance
  2. ✔️BP Prime Fees and Spreads
  3. ✔️BP Prime Additional Trading Fees
  4. BP Prime Broker Fees
  5. BP Prime Pros and Cons
  6. BP Prime Conclusion
  7. Frequently Asked Questions

 

BP Prime Fees Forex

 

BP Prime Fees and Spreads

 

Traders with BP Prime can expect the following spread list:

Spreads start from 1.4 pips in the Standard account and 0.6 pips for the Pro account.

For both the Standard and Pro Accounts, commissions are factored into the spread. In the Prime account, commissions are charged at 3.00 GBP/EUR/USD per side per 100k traded.

 

BP Prime Spreads

 

BP Prime Additional Trading Fees

 

BP Prime does not charge deposit fees or withdrawal fees to its UK clients. However, the broker’s EU clients will incur withdrawal fees in some cases.

BP Prime does charge swap fees, also referred to as overnight fees.

A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.

Unfortunately, BP Prime does not provide the option of a swap-free trading account to its Muslim traders, for whom the interest accrued during rollover periods is strictly prohibited by Sharia law.

 

BP Prime Broker Fees

 

Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.

As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

As BP Prime is not a spread betting broker, spread betting fees will not apply.

 

BP Prime Commodities

 

BP Prime Pros and Cons

 

✔️ Pros ❌ Cons
MetaTrader4 Platform Only one trading platform available
Tight spreads Not available to residents of certain jurisdictions due to legal restrictions
No commissions on certain accounts Lack of research tools
Selection of trading accounts Bonus not offered
Access to a variety of trading instruments Refer a friend promotion not offered
Well-regulated broker Account can only be funded in USD
Demo account gives access to the MetaTrader 4 platform Demo account only available for 30 days
Easy demo account registration process Demo does not apply to all account types
Commission free trading available Extremely high minimum deposit
Good range of tradable assets Limited trading platforms available
Ultra-fast execution Low leverage for retail clients
Withdrawal fees charged to EU traders

 

BP Prime Conclusion

 

BP Prime is considered low-risk and can be summarised as trustworthy. BP Prime trading involves spreads from 0.1 of point and commissions vary depending on the account tier selected. Leverage stretches from 1:30

 

You might also like: BP Prime Review

You might also like: BP Prime Account Types Overview

You might also like: BP Prime Demo Account – Step by Step

You might also like: BP Prime Minimum Deposit

You might also like: BP Prime Sign up Bonus

 

Frequently Asked Questions

 

How many instruments can I trade with BP Prime?

 

Traders with BP Prime will have access to diversified assets and a wide range of tradable instruments.

This includes major, minor, and emerging currency pairs, 10 well-known indices including the FTSE 100, commodities such as gold, silver, and oil, plus 4 popular crypto coins, including Bitcoin and Ethereum.

 

Does BP Prime offer leverage?

 

Yes. BP Prime offers maximum leverage of 1:30 to standard retail traders. This is in line with regulations regarding leverage from the Financial Conduct Authority (FCA).

Professional traders can apply for higher leverage at a maximum of 1:200. However, they will have to prove their eligibility as professional traders. More information regarding these criteria can be gained from the broker’s accounts department.

 

What spreads can I expect with BP Prime?

 

Spreads start from 1.4 pips in the Standard account and 0.6 pips for the Pro account.

 

Does BP Prime charge a commission?

 

For both the Standard and Pro Accounts, commissions are factored into the spread. In the Prime account, commissions are charged at 3.00 GBP/EUR/USD per side per 100k traded.

 

Is BP Prime regulated?

 

Yes. BP Prime is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is one of the most reputable, and strictest, regulatory authorities in the Forex industry.

 

 

 





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