Bold Prime Review

Is Bold Prime a scam or legit broker? Read Bold Prime Review

Bold Prime claims to be one of the greatest MT4 forex and CFD companies worldwide. Other guarantees made by the broker include spreads as cheap as zero, the absence of trading limitations, excellent customer assistance, etc.

Bold Prime is just another offshore broker that does business illegally and outside of the control of Saint Vincent and the Grenadines (SVG), a place known for being a haven for scammers. The majority of offshore brokers, like Bold Prime, are only interested in finding ways to take advantage of traders that have little to no expertise by employing various scam techniques.

The website of this broker is https://boldprime.com/. Working with firms like Bold Prime implies, from the standpoint of dealers, that there are no assurances about the security of your data or the money you deposit. In the event of a complaint or disagreement, there is no authority you can contact.

According to reports, Bold Prime offers leverage of up to 1:1,000. Most regulatory agencies have put limits on trading at these levels because it is dangerous and they want to protect investors.

Also, Bold Prime was blacklisted by the Securities Commission Malaysia, which is a major sign of avoiding this broker.

Possible scam activities of Bold Prime

Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Bold Prime review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Negative Bold Prime Reviews and Complaints

Bold Prime has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.