BP Prime minimum deposit amount required to register a live trading account is $ 5000 USD. This minimum deposit is equivalent to R 80 000 ZAR at the current exchange rate between the USD Dollar and the South African Rand at the time of writing
| 🔎 Accounts | 📈 PRO Account | 📉 PRIME Account |
| 💳 Minimum Deposit (ZAR/R) | $ 5000 USD | $ 10 000 USD |
| 💵 Minimum Deposit (USD/$) | R 80 000 ZAR | R 160 000 ZAR |
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 Review – 7 key points quick overview:
BP Prime Overview- BP Prime Deposit fees and deposit methods
- BP Prime at a glance
- Step by step guide to depositing the minimum amount to BP Prime account
- BP Prime Pros and Cons
- BP Prime Conclusion
- Frequently Asked Questions
BP Prime Overview
The minimum deposit amount required to open a broker account with BP Prime is $5000 (R 69795.10 USD/ZAR at the time of writing). This is an unusually high minimum deposit requirement when compared with most brokers in the industry.
Most broker deposit requirements range from between $50 to $250 (R697.95 – R3489.76 USD/ZAR at the time of writing) to open an account. As such, the BP Prime minimum deposit may be too high for most standard retail traders.
This high minimum deposit makes it likely that the broker positions itself more towards advanced and professional traders, and high net-worth individuals.
BP Prime Deposit fees and deposit methods
BP Prime provides a broad selection of available deposit methods, which consist of the following:
- Credit and debit cards
- Bank wire transfers
- Local bank transfers
- Neteller
- Skrill
In terms of deposit security, BP Prime is very well regulated by the Financial Conduct Authority (FCA). Under the requirements of this regulator, BP Prime stores all client funds in segregated accounts with top-tier banks.
Furthermore, BP Prime is a member of the Financial Services Compensation Scheme, which covers traders in the unlikely event of broker insolvency.
With regards to deposit currencies, BP Prime claims to accept all deposit currencies but does not indicate which are listed as base account currencies. As such, traders depositing in smaller currencies, such as ZAR/Rand, may incur conversion fees.
It is worth checking this with the broker’s accounts department, as regular conversion fees can slowly chip away at account margins.
BP Prime does not charge deposit and withdrawal fees to its UK clients, although your selected payment provider may charge a fee that is beyond the broker’s control. However, EU clients will incur withdrawal fees
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 |
Step by step guide to depositing the minimum amount to BP Prime account
1. Step 1 – Login to registered account
Log in to your account area
Navigate to your client dashboard and enter the funding area
Select your preferred payment method. The method by which you deposit will have to be used for your withdrawals, as per the broker’s anti-money-laundering policy
Specify the amount your wish to deposit
Confirm your deposit details and submit your payment
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 minimum deposit amount required to register a live trading account is $ 5000 USD. This minimum deposit is equivalent to R 80 000 ZAR at the current exchange rate between the USD Dollar and the South African Rand at the time of writing
Min Deposit
USD 5000
Regulators
FCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
40+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
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Frequently Asked Questions
How does the minimum deposit for BP Prime compare to similar brokers?
When compared to similar brokers the BP minimum deposit is considered very high and probably out of reach of the average forex trader.
Are my deposits safe with BP Prime?
Yes, under the requirements of Financial Conduct Authority in the UK, BP Prime holds all client funds in segregated accounts with top-tier banks.
How long does it take to make a withdrawal?
Withdrawals from BP Prime via standard bank wire take up to 3 working days but may take up to 5 working days for some countries.
How do I make a deposit and withdrawal with BP Prime?
BP Prime provides a broad selection of available deposit methods, which consist of the following:
- Credit and debit cards
- Bank wire transfers
- Local bank transfers
- Neteller
- Skrill
Does BP Prime accept Paypal deposits?
No, BP Prime does not accept Paypal as a method of making a deposit to them.
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