BoldPrime broker is a new broker on the financial market, but it already dragged a lot of attention. There are many reviews by users stating that they cannot withdraw the funds from this company. If you have similar issues, then this BoldPrime review is for you.
|Regulated by:||No regulation|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Platforms:||MT4, MT5|
|Types of Assets:||FX, commodities, indices, stocks|
BoldPrime Regulation and Security
The brand is owned by BoldPrime Ltd, based in Saint Vincent and the Grenadines. The company has no regulation for its operations, meaning that it’s not safe to trade with. We’ve checked the website, and there are many bold statements about being the best forex and CFD broker out there. Yet, if you want to be the best, you should at least inform your clients where their funds are held, and are they safe. BoldPrime for sure has only that, bold statements.
Can I make money with BoldPrime?
Question of all questions – can you make money with a broker? This is the main reason you’ve come to trade. To make some profit and withdraw it. Now, when it comes to unregulated offshore brokers, the situation is a bit complicated. Since the broker does not have anyone above who would control its actions, they practically feel free to scam people. In some cases, you might see the profit on the platform itself. But withdrawing this profit is another story.
The broker claims to offer a Demo account where you can test everything, but in order to do that, you need to provide all your personal details and submit documents, which means that you need to expose your data just to see if you want to start trading or not. This shows you how the company operates.
Also, there are many negative BoldPrime reviews from clients saying they couldn’t withdraw their profits.
The leverage broker provides is exceptionally high, 1:1000. Usually, European and Australian regulatory bodies limit the leverage to 1:30, while Canadian and US bodies allow 1:50. Yet, this is very far from 1:1000, which puts your money at tremendous risk. Therefore, it’s most likely that you will lose your money with BoldPrime than make some. Not because of you, but because of the broker’s unreal offer.
Scammed by BoldPrime?
If you were scammed by BoldPrime company, there is a possibility to get your money back. You need to file a dispute and request a chargeback. Contact our support team via chat and book your free consultations. Let’s stop wasting time and actually get your hard-earned money back!
What is BoldPrime?
BoldPrime is an online trading platform without regulation, and it’s based offshore.
Is BoldPrime a Scam?
BoldPrime broker has no regulation, and it’s not safe to trade with it.
Is BoldPrime regulated?
No, the broker does not have regulation from any regulatory body.
Are Funds Safe with BoldPrime?
Since the broker has no regulation, your funds are not safe with BoldPrime. Be aware of the risk!