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/10
The WikiFX Score of this broker is reduced because of too many complaints!

BP Prime

United Kingdom | 5-10 years |
Regulated in United Kingdom | Straight Through Processing (STP) | MT5 Full License | Regional Brokers | High potential risk

https://bpprime.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

BlackPearlFX-Live

United Kingdom
MT5
3

Influence

D

Influence index NO.1

Israel 2.52
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
BlackPearlFX-Live MT5
Server Location United Kingdom

Influence

Influence

D

Influence index NO.1

Israel 2.52
Surpassed 57.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 (0) 20 3745 7101
support@bpprime.com
https://bpprime.com/
28 King Street London EC2V 8EHE C 2 V 8 E H UNITED KINGDOM

Licenses

Licensed Entity:Black Pearl Securities Limited

License No. 688456

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-09-13
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
2

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
Black Pearl Securities Limited
Abbreviation
BP Prime
Company employee
--
Customer Service Email Address
support@bpprime.com
Contact Number
+4402037457101
Company Website
Company address
28 King Street London EC2V 8EHE C 2 V 8 E H UNITED KINGDOM

FX1532132782

Unverified

Hong Kong

A netizen gave me the following link, informing me that there is a 7-day fixed deposit event, and 3% of the profit will be rebated every day, and then recharge 20% on the basis of the total amount of the principal of the day after the rebate to continue the rebate and the fixed deposit activity After it was over, I was told that I needed to pay 20% of the income and the tax department approved it before withdrawing it, and the platform could help or pay it to the tax department. It was too troublesome for the platform to pay more than 130,000 taxes. In the whole process of participating, I deposited more than 300,000 yuan in funds, and they were all online loans. Because I did not have much funds, this netizen helped me recharge more than 400,000 yuan (including tax payment) in total. I didn’t doubt him when I saw that he helped me recharge more than I did. On the second day after paying the tax, he said that he was a bit busy in the past few days and he might not contact me less, but he couldn't contact me on the third day. And every day I pay attention to the notifications after the platform approves the tax withdrawal so that I can repay the online loan. As a result, it is about to pass one week later, but it still shows that it is pending approval. I asked the customer service again and again and there was no reply. I suddenly realized if I was deceived by the routine? Is this website a formal platform? The investment of more than 300,000 yuan is all the various online loans I borrowed. This amount of money is the hard work of our ordinary people for half a lifetime, and we dare not let our parents know. Guiqiu for advice from experts from all walks of life, how can I recover my assets justly? Thank you so much, good people are safe and happy in their lives!

Exposure

2021-07-05

 广发银行 小余

Unverified

Hong Kong

They don’t answer my questions directly.

Exposure

2021-02-08

爱哭的晴娃娃

Unverified

Hong Kong

The fraud platform prevents withdrawals and is suspected of induced fraud! ! Please deal with it!

Exposure

2021-01-27

FX1367919021

Unverified

Australia

Even though I can't read Chinese, I was able to understand that this company is actually a forex scammer! I really hope that forex traders can stay vigilant and these victims can recover their losses sooner.

Positive

2023-03-10

一亇亻的靜綵

Unverified

Hong Kong

Cannot withdraw money! Is it a clone one?

Exposure

2021-01-01

一亇亻的靜綵

Unverified

Hong Kong

It has showed that the member was blocked! Is BP Prime a fraud platform?

Exposure

2021-01-01

6
Account
Related Software
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
News
Wiki Q&A
Comment
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
157.00
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5
Perfect

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Official website

Website

bpprime.com
69.171.245.49
blackpearlfx.com
174.139.8.154

Genealogy

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Relevant Enterprises

BLACK PEARL SECURITIES LIMITED(United Kingdom)
Active
United Kingdom
Registration No. 08823678
Established 2015-10-22
Related sources Website Announcement

Company Summary

BP Prime Review Summary
Founded2013
Registered Country/RegionUnited Kingdom
RegulationRegulated by FCA
Market InstrumentsForex, commodities, indices
Demo Account
EUR/USD Spread/
LeverageUp to 1:30 (Standard account)
Trading PlatformMT5
Min Deposit$5,000 or equivalent
Customer SupportInquiry form
Tel: +44 (0) 20 3745 7101
Email: support@bpprime.com
Address: 28 King Street London EC2V 8EH United Kingdom
Restricted AreasUnited States, Canada, France, Afghanistan, Belgium, Guinea Bissau, Iran, Israel, Libya, North Korea, Russia, Somalia, South Sudan, Syria, Turkey and Yemen

BP Prime Information

BP Prime is the trading name of Black Pearl Securities Limited, a brokerage company who was established in 2013 and deals in forex, commodities and indices tradings for both retail and professional clients. The minimum deposit requirement is pretty high from $5,000 or equivalent. A demo account and the availability of MT5 platform enhances customer experiences. While for institutional clients, the broker offers bespoke liquidity and technology solutions as well.

Furthermore, the broker currently operates under decent regulation from FCA, which to some extent guarantees customer protection and compliance to industry standard set by the institution.

Nevertheless, there are 5 pieces of WikiFX exposure to withdrawal issues, which indicates the necessity of service improvements of this broker. You should pay attention to this.

BP Prime's homepage

Pros and Cons

Pros Cons
FCA regulatedLimited trading asset classes
Demo accountsHigh minimum deposit
Commission-free accounts offeredWikiFX exposures
MT5 platformNo services in several countries

Is BP Prime Legit?

BP Prime is currently regulated by FCA (Financial Conduct Authority) in United Kingdom, with a license numbering at 688456, which guarantees legitimacy and credibility in a certain level.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
UK
FCARegulatedBlack Pearl Securities LimitedStraight Through Processing (STP)688456
Regulated by FCA

What Can I Trade on BP Prime?

Tradable Instruments Supported
Forex
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on BP Prime?

BP Prime offers trading services in forex, commodities and indices for both retail and professional clients. While for institutional clients, customized liquidity and technology solutions are available to help companies to grow and develop their business scope and scale.

Solutions

Account Type/Fees

BP Prime offers demo accounts for clients to practice and test trading strategies.

While for live accounts, the broker offers a Standard accountfor retail clients with a high minimum deposit of $5,000 or equivalent. In this account, the broker charges no commissions for trading, and claims competitive spread, but with no details.

Retail clients

Professional clients, on the other hand, are provided with a Professional account with higher leverage but less protection. To be eligible to open a professional account, you need to place 10 relavant trades of a significant size per quarter in last year, own a financial instrument portfolio exceeding $500,000, and have worked in the financial sector for at least one year.

Professional clients

Leverage

BP Prime offersa leverage level of up to 1:30 for some currency pairs in the Standard account, which means you can control a larger position of 30 times of your initial deposit.

Professional accounts have higher leverage, but are not currently disclosed per the broker's website. You need to check with the company directly to get precise information.

Moreover, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.

Trading Platform

Victory indicates the use of the industry-leading MetaTrader 5 platform through web, which allows you to trade anywhere on the go.

The MT5 platform is renowned and recognized worldwidely for their advanced charting tools and robust functionalitiess such automated transaction execution.

Trading PlatformSupported Available Devices Suitable for
MT5Web, mobileExperienced traders
MT4Web, mobileBeginners
MT5

Keywords

  • 5-10 years
  • Regulated in United Kingdom
  • Straight Through Processing (STP)
  • MT5 Full License
  • Regional Brokers
  • High potential risk

Wiki Q&A

Five8
Within 1 year

Can you outline the primary advantages and disadvantages of trading through BP Prime?

WikiFX Reply
As an experienced trader, I weigh both regulatory status and actual client experiences before engaging with a broker like BP Prime. On the plus side, BP Prime is FCA regulated, which to me means their operations are overseen by a reputable authority. This lends a certain degree of credibility, as the FCA enforces standards around client fund segregation and fair conduct. Access to the MT5 platform is another practical advantage; I value the fast execution speeds and advanced features it offers. Professional clients can benefit from higher leverage, though I always advise great care when using leverage due to the risks of amplified losses. However, my concerns outweigh the benefits in this particular case. The minimum deposit for a standard retail account is steep—$5,000, which is far less accessible than most competitors, making it a poor fit for anyone starting out or wanting to test services with a modest sum. More critically, I’ve seen numerous, repeated reports about withdrawal issues, poor customer responsiveness, and suspected fraudulent practices such as induced deposits and unexplained account blocks. Even though the company appears to have a legitimate license, user complaints about funds being frozen or lengthy approval processes set off red flags in terms of reliability and client support. In my view, while some structural strengths are present, the persistent exposure to withdrawal problems and customer dissatisfaction make BP Prime a high-risk choice. Personally, I would exercise extreme caution and look for brokers with equally strong regulation but a much cleaner service record before committing any capital.
Broker Issues
BP Prime
Regulation
08-21
United States
Thanh Thao
Within 1 year

Does BP Prime charge a commission per lot on their ECN or raw spread accounts?

WikiFX Reply
In my experience evaluating BP Prime, I found that their approach to commissions is somewhat different from many ECN or raw spread brokers. According to their available information, BP Prime’s standard account for retail clients is described as commission-free, with trading costs incorporated into the spreads rather than charged as a flat fee per lot. In my own due diligence, I could not find a clear, publicly available statement regarding a traditional commission structure per lot for ECN or raw spread accounts, which is common among many brokers. Spreads are advertised as starting from either 0.1 or 0.6 pips, but exact conditions for ECN-style accounts weren’t fully detailed. From a risk-conscious perspective, the lack of transparent, easy-to-access information on commission structures raises concerns for me. With any broker, it’s essential to have clarity on all trading costs upfront so I can manage my risk appropriately and avoid unexpected charges. A reputable broker should be forthright about whether a commission per lot applies, especially on ECN or tight-spread accounts, since this impacts overall trading costs and suitability for high-frequency strategies. In summary, based on what I have observed, BP Prime appears to not charge a commission per lot on its standard retail account, but specific information about ECN or raw spread commissions is lacking. For my own trading, I would only proceed if I could independently verify all costs directly with customer service and in the most recent account documentation. Transparent cost structure is vital, especially when evaluating any broker.
Broker Issues
BP Prime
Fees and Spreads
08-12
United States
mohdfazlan
Within 1 year

Does BP Prime offer a swap-free (Islamic) account option for its traders?

WikiFX Reply
After reviewing all the available information about BP Prime, I could not find any reference to a swap-free or Islamic account option for traders. My experience has taught me that brokers who offer such features typically emphasize them clearly in their account types or terms, given the importance for clients who require Sharia-compliant trading. While BP Prime does list a standard account, as well as professional offerings, and provides access to the MT5 platform with FCA regulation, there are noticeable gaps in transparency regarding account specifics beyond the basics, such as no commissions and high minimum deposit requirements. Additionally, the absence of a swap-free account mention raises concerns, especially since responsible brokers usually highlight such an offering if available. Because religious compliance in trading is a serious matter, the lack of clear information could be problematic for traders seeking an Islamic account. Based on my cautious approach and experience navigating the industry, I advise reaching out directly to their customer support for definitive confirmation. Without explicit information, I would hesitate to assume that BP Prime provides for Islamic account needs, and I always prioritize clarity and documented terms before engaging with any broker, especially given the broader trust considerations documented in user exposures and platform reviews.
Broker Issues
BP Prime
Leverage
Instruments
Account
Platform
08-11
United States
ryad22
Within 1 year

Does BP Prime charge any undisclosed fees for making deposits or withdrawals?

WikiFX Reply
In my experience as a trader, I approach the topic of fees with caution, particularly when considering a broker like BP Prime. Based on the data provided, there is no explicit mention of fees for deposits or withdrawals on BP Prime’s official materials. This omission itself is concerning, as transparent brokers typically disclose all related costs up front. Furthermore, I noticed multiple user complaints and exposures relating to the inability to process withdrawals, with some alleging that unexpected fees—such as “taxes” or additional payments—were required before funds could be accessed. These reports, especially when combined with nonresponsive customer service, raise important red flags for me as a participant in the forex market. While BP Prime is regulated by the FCA, which does provide some level of oversight, regulation alone does not guarantee seamless operations or full transparency in every transaction detail. I always expect clear, accessible information about deposit and withdrawal procedures, and I advise extreme caution when such details are missing. Before committing any funds, I would personally contact the broker directly and request a written outline of all deposit and withdrawal policies, including any potential fees. In my view, if responses are vague or slow, or if user reviews reveal recurring withdrawal issues, it’s best to proceed very conservatively—if at all. Because protecting capital is my top priority, I never assume the absence of fee information means there are no fees. Instead, I treat ambiguity as a risk that needs to be thoroughly clarified before I would even consider trading with BP Prime.
Broker Issues
BP Prime
Fees and Spreads
07-26
United States
View More

User Reviews 6

All (6) Positive (1) Exposure (5)
FX1532132782
3-5 years
Exposure
Unable to withdraw. Need taxes. Suspected scam
A netizen gave me the following link, informing me that there is a 7-day fixed deposit event, and 3% of the profit will be rebated every day, and then recharge 20% on the basis of the total amount of the principal of the day after the rebate to continue the rebate and the fixed deposit activity After it was over, I was told that I needed to pay 20% of the income and the tax department approved it before withdrawing it, and the platform could help or pay it to the tax department. It was too troublesome for the platform to pay more than 130,000 taxes. In the whole process of participating, I deposited more than 300,000 yuan in funds, and they were all online loans. Because I did not have much funds, this netizen helped me recharge more than 400,000 yuan (including tax payment) in total. I didn’t doubt him when I saw that he helped me recharge more than I did. On the second day after paying the tax, he said that he was a bit busy in the past few days and he might not contact me less, but he couldn't contact me on the third day. And every day I pay attention to the notifications after the platform approves the tax withdrawal so that I can repay the online loan. As a result, it is about to pass one week later, but it still shows that it is pending approval. I asked the customer service again and again and there was no reply. I suddenly realized if I was deceived by the routine? Is this website a formal platform? The investment of more than 300,000 yuan is all the various online loans I borrowed. This amount of money is the hard work of our ordinary people for half a lifetime, and we dare not let our parents know. Guiqiu for advice from experts from all walks of life, how can I recover my assets justly? Thank you so much, good people are safe and happy in their lives!
2021-07-05

Hong Kong

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