In this section we will analyze the broker Bprimes, is a Forex, CFDs and Cryptocurrency broker. Is Bprimes really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You may be wondering why we do a review on Bprimes… It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before deciding or not, to invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Fina Holding LIMITED
As to its location, the broker mentions being based in: Marshall Islands.
If we analyze the regulation of the broker: it mentions being regulated by IFSC, but we could not find the supposed regulation, everything indicates that it is an unregulated broker.
If now we go on to analyze account types that Bprimes offers, we note that they offer 4 different types of account: the Micro Account, the Standard Account, the VIP Account and the Premium Account. We leave an image with a little information about each type of account.
Micro account- $ 250 minimum initial deposit, up to 1: 400 leverage, phone trading.
Standard Account- $ 500 minimum initial deposit, up to 1: 400 leverage, phone trading, possible bonus.
VIP account- $ 20.000 minimum initial deposit, up to 1: 300 leverage, phone trading.
Premium account: leverage up to 1: 400, phone trading, possible bonus.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Bprimes offers are: MT4.
We will now analyze the different resources and aids for traders that Bprimes provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Bprimes provides the following help or resources to traders or interested parties: explanation about the products that Bprimes offers, explanation of some initial concepts of the world of trading, some live charts, really not much more than this ...
Other information about Bprimes
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +44 36 856 310 and +44 888-756 34
Email address: [email protected]
>>> Valuation on Bprimes <<
Ending with this section, in our opinion Do we believe that the Bprimes company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is based in unsafe countries (Marshall Islands), it is an unregulated broker, when looking for other reviews or evaluations about Bprimes, we found very few (and very recent), what which makes us think that it is a "new" company and mostly negative valuations, the CNMV (Spanish regulator) has issued a warning against Bprimes.
For these reasons, we believe that Bprimes is not a recommended broker. In other words, we always recommend working only with duly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.