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 |
Min Deposit
USD 5000
Regulators
FCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
40+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
BP Prime Fees, Spreads & Commission – 7 key points quick overview:
BP Prime at a glance- BP Prime Fees and Spreads
- BP Prime Additional Trading Fees
- BP Prime Broker Fees
- BP Prime Pros and Cons
- BP Prime Conclusion
- Frequently Asked Questions
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 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 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
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Frequently Asked Questions
How does the spreads of BP Prime compare to similar brokers?
Although the spreads from 1.4 pips (Standard account) and 0.6 pips (Pro account) are not the lowest when compared to similar brokers, commissions are built into the spread that applies to these account.
Does BP Prime charge roll over fees?
Yes, rollover fees are charged on each night that a position is held.
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 good for scalping?
Yes, BP Prime is considered good for scalping.
Does BP Prime really want their clients to succeed?
BP Prime is regulated by one of the strictest regulatory authorities in the world, the FCA in the UK and enjoys good reviews from their client which indicates that this broker does want their clients to succeed.
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