BP Prime Review 2023

2.5 / 5
BP Prime is #109 in our CFD broker rankings.

BP Prime offers MT4 trading with fast executions and a mobile app solution.


Demo Account

Award Winning

MetaTrader 4
Forex, CFDs, indices, commodities, cryptocurrencies
Neteller, Visa, Skrill
Forex Trading

Trade two-dozen+ FX pairs with low spreads.

Stock Trading

Trade 10 well-known indices including the FTSE 100.

CFD Trading

Invest in online CFDs with 1:30 leverage.

Crypto Trading

Trade cryptocurrencies with 1:10 leverage.


  • Forex & CFD Broker of the Year 2018 - Le Fonti Awards

BP Prime is a regulated broker offering cross-platform forex trading using the MT4 desktop, mobile, and tablet app. If you’re wondering whether to login and trade with BP Prime, our review covers everything you need to know, including fees, deposits, and rewards.

BP Prime Details

Founded in 2013, Black Pearl Securities Limited (BP Prime) is headquartered in London and has operational offices in Italy and China. The broker is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

BP Prime offers a range of forex and CFD instruments on a world-leading platform and competitive trading accounts. The Non-Dealing Desk broker provides fast execution and low latency for both retail and institutional clients.

MetaTrader 4 Platform

With access to forex, CFDs, commodities, and cryptocurrencies, the MT4 platform provides an all-around advanced trading experience.

The platform is equipped with over 50 pre-loaded indicators for highlighting trends on numerous timeframes. It also allows you to programme custom Expert Advisors (trading robots) to monitor market movements using algorithms. Traders can easily build the system around their own trading strategy, with instant execution, stop orders, and trailing stop options.

BP Prime MetaTrader 4
BP Prime MetaTrader 4

Traders need to open an account before they can download the MT4 platform.


Products available at BP Prime include 27 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. This review would have liked to see trading in shares too.

Spreads & Fees

Spreads start from 1.4 pips in the Standard account and 0.6 pips in the Pro account. Although these aren’t the lowest, commissions are built into the spread in the Standard and Pro accounts. In the Prime account, commissions are charged at 3.00 GBP/EUR/USD per side per 100k traded.

There are also rollover fees which are charged on each night that a position is held. The broker does not charge inactivity fees, which is an advantage over other competitors.


The maximum leverage offered for retail clients across all accounts is 1:30, which can be adjusted for professional clients up to 1:200. Margin rates are provided in the product pages on the website.

Mobile Apps

For those who want to trade on the go, the MT4 mobile app offers a convenient solution suitable for smartphones and tablets. Traders can open positions, track price movements, and analyse trade history with the powerful features included. The app also comes in over 20 languages and supports mobile push notifications.

BP Prime mobile trading
BP Prime mobile trading

Payment Methods

You can deposit and withdraw funds using credit cards, bank wire transfer, local bank transfer, and e-wallets including Neteller and Skrill. Deposits are available in any currency, which will be automatically converted into your account’s base currency.

Average processing times for deposits are immediate and there are no fees (though credit card providers or banks may charge intermediary fees). The minimum accepted deposit is $5,000.

Withdrawals via standard bank wire take up to 3 working days but may take up to 5 working days for some countries. For UK account holders, there are no withdrawal fees. For EU accounts, withdrawals are free once a month and then around 25 EUR thereafter.

Demo Account

You can open a free demo account with any of the account options at BP Prime. Demo accounts allow you to place simulated trades and experience live trading conditions within a safe environment. Accounts are loaded with 10,000 in virtual money and are available for 30 days.

BP Prime Bonuses

Bonuses, promo codes, and other deals are not offered at BP Prime, as per FCA restrictions which prohibits the use of trading rewards for new clients.

Regulation Review

Black Pearl Securities Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with license number 688456.

As such, the broker is subject to strict requirements to provide financial services to clients. This includes holding client money in segregated bank accounts with trusted financial institutions, as well as providing compensation in the event of insolvency.

Additional Features

BP Prime provides a webinar section, though none were available at the time of writing. There is a comprehensive selection of educational articles on a range of topics from cryptocurrency analysis to forex trading strategies. The broker also offers CPD courses for traders of all levels. Courses are available in over 27 languages and start from £99.

BP Prime economic calendar
BP Prime economic calendar

BP Prime could improve its offering by implementing some useful tools, such as forex calculators, or perhaps video training guides.

BP Prime Accounts

You can choose from 3 account types at BP Prime: Standard, Pro, and Prime. Accounts are largely aimed at seasoned traders, as the minimum initial deposit is 5,000 USD, EUR, or GBP for the Standard and Pro accounts and 10,000 USD, EUR, or GBP in the Prime account.

Commissions are built into the spreads in the first two accounts, with spreads as low as 0.6 pips and ultra-fast execution on the STP/DMA feed. Prime account holders enjoy raw spreads from 0.1 pips and ultra-fast execution via the XCORE Aggregator. The minimum lot size across all accounts is 0.01 lots.


Reasons to trade with BP Prime include:


Disadvantages of trading with BP Prime include:

Trading Hours

Trading hours for currency pairs are Sunday at 21:00 to Friday at 21:00 UK time. Trading sessions for indices and other assets are provided on the broker’s website or within the trading platform.

Customer Support

Customer support is available 24 hours a day, 6 days a week. You can either call the UK support desk at +44 (0) 20 3745 7101, email englishdesk@bpprime.com or speak to the support team on the live chat.

The broker’s headquarters is located on the Lower floor, 62 Great Eastern Street, London EC2A 3QR, United Kingdom.


BP Prime employs standard security measures on their website and MT4 platform. Clients are required to use two-factor authentication when accessing the broker’s systems. Data is also encrypted between client computers and the broker’s servers, which are backed up with firewalls and virus scanning tools.

BP Prime Verdict

BP Prime offers a superior forex trading service for those who have a sizeable starting capital to deposit. Trading is only available on the MT4 desktop and mobile app, so it might be nice to see a greater choice of platforms, as well as other educational features such as videos and e-books.

Accepted Countries

BP Prime accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use BP Prime from United States, Canada, France, Afghanistan, Belgium, Guinea-Bissau, Iran, Iceland, Libya, Korea, Somalia, Sudan, Syria, Yemen.

Payment Methods

BP Prime Details

Minimum Trade 0.01 Lots
Regulated By FCA
Islamic Account No
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading No
Guaranteed Stop Loss No
  • Gold
  • Silver

CFD Trading Details

FTSE Spread 1.0
GBPUSD Spread 1.4
Oil Spread 3.8
Stocks Spread N/A
Leverage 1:30

Forex Trading Details

GBPUSD Spread 1.4
EURUSD Spread 1.4
EURGBP Spread 1.4
Assets 27

Cryptocurrency Trading Details

Crypto Spread BTC, LTC, ETH, XRP
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • Variable

Top 3 Alternatives to BP Prime

Compare BP Prime with the top 3 similar brokers that accept traders from your location.

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

BP Prime Comparison Table

Compare BP Prime With Similar Brokers
BP Prime IG Group Just2Trade World Forex
Rating 2.5 4.4 3.5 4
Markets Forex, CFDs, indices, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $5000 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts 100% Deposit Bonus
Education No Yes No No
Platforms MT4 MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 3 6 20 10
Visit Visit Visit Visit
Review IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by BP Prime and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare BP Prime Trading Instruments
BP Prime IG Group Just2Trade World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

BP Prime vs Other Brokers

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BP Prime offers MT4 trading with fast executions and a mobile app solution.


What leverage is available at BP Prime? 

Retail clients can access leverage up to 1:30. Professional clients can access leverage up to 1:200.

How can I contact BP Prime? 

You can get in touch with the customer support team 24/6 via email, telephone, or live chat.

What account types are available at BP Prime? 

BP Prime offers 3 accounts (Standard, Pro, and Prime) as well as demo accounts. The minimum deposit to open an account start from 5,000 EUR/USD/GBP.

Is BP Prime regulated?

Black Pearl Securities Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with license number 688456.

What can I trade at BP Prime? 

At BP Prime, you can trade a variety of forex pairs, global stock indices, cryptocurrencies, and commodities such as oil, gold, and silver.