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Do you want to know which is the better broker between BP Prime and Directrader ?
In the table below, you can compare the features of BP Prime , Directrader side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of bp-prime, directrader lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
General Information& Regulation
BP Prime was founded in 2013 as Black Pearl Securities Limited with the aim to transform online trading, BP Prime is headquartered in London, with an operational office in China, having a client base across Europe, Asia and South America, offering its services for both retail and institutional clients. Black Pearl Securities Limited is authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 688456.
Market Instruments
The range of trading instruments on BP Prime platform includes online trading services for Forex, Cryptocurrencies, CFDs andCommodities, also more than 10 index CFDs also available via FIX API.
BP Prime Minimum Deposit
The account types at BP prime are divided only by the clients type, while the trading conditions will be discussed and tailored according to the needs and necessary requirements. The minimum deposit of $/€/£5,000 is way too high for regular traders. Traders can open a free demo account with any of the account options at BP Prime. Accounts are loaded with 10,000 in virtual money and are available for 30 days.
BP Prime Leverage
Regulatory restrictions in the UK and Europe lower use of leverage for retail traders only to a maximum of 1:30 for Major Currency pairs. However, professional traders may apply for higher leverage up to 1:100 for Forex instruments.
Spreads & Commissions
The BP Prime spread varies according to the account type, while typical spread for EUR/USD pair is from 0.3 pips in the Pro account and from 0.1 pips in the Prime account. The Pro account requires zero commission, and commissions on the Prime account depends on trading volumes.
Trading Platform
BP Prime supplies clients with the MetaTrader 4 (MT4) platform that was developed by MetaQuotes Software Corp and is used by millions of traders around the globe. MT4 is known for its easy to use intuitive interface and vast array of built in trading tools. This makes it a popular platform for beginner and experienced traders alike.
Deposit & Withdrawal
Traders can deposit and withdraw funds using credit cards, bank wire transfer, local bank transfer, and e-wallets including Neteller and Skrill. Deposits are available in any currency, which will be automatically converted into their accounts base currency. Average processing times for deposits are immediate and there are no fees (though credit card providers or banks may charge intermediary fees). The minimum accepted deposit is $5,000. Withdrawals via standard bank wire take up to 3 working days but may take up to 5 working days for some countries. For UK account holders, there are no withdrawal fees. For EU accounts, withdrawals are free once a month and then around 25 EUR thereafter.
Trading Hours
Trading hours for currency pairs are Sunday at 21:00 to Friday at 21:00 UK time. Trading sessions for indices and other assets are provided on the brokers website or within the trading platform.
BP Prime Customer Support
Customer support is available 24 hours a day, 6 days a week. Trader can either call the UK support desk at +44 (0) 20 3745 7101, email englishdesk@bpprime.com or speak to the support team on the live chat.
Accepted Countries
BP Prime accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders cannot use BP Prime from United States, Canada, France, Afghanistan, Belgium, Guinea-Bissau, Iran, Iceland, Libya, Korea, Somalia, Sudan, Syria, Yemen.
Directrader | Basic Information |
Company Name | Directrader |
Headquarters | Saint Vincent and the Grenadines |
Regulations | Not regulated |
Account Types | VIP, diamond, gold, silver, mini account |
Minimum Deposit | $250 |
Maximum Leverage | 1:400 |
Customer Support | Email (support@directrader.com)Phone (+56225821161) |
Directrader, based in Saint Vincent and the Grenadines, functions as an online trading platform providing traders with access to financial instruments. Offering account types such as VIP, diamond, gold, silver, and mini accounts, Directrader caters to traders with varying preferences and experience levels. However, it's crucial to highlight that Directrader operates without regulatory oversight, which may introduce potential risks related to unregulated trading. Traders are advised to proceed with caution and conduct thorough research before participating in any trading activities on the platform.
Directrader is not regulated. It's crucial to understand that Directrader operates without regulation, meaning it lacks oversight from established financial regulatory authorities. This absence of regulation poses risks for traders, including limited options for resolving disputes, potential concerns about the safety of funds, and a lack of transparency in the broker's operations. Traders are encouraged to conduct thorough research on a broker's regulatory status before engaging in trading activities to safeguard their investments and ensure a more secure trading experience.
Directrader presents traders with a variety of account types, catering to different trading preferences and experience levels. However, it's crucial to note that Directrader operates without regulatory oversight, which may expose traders to potential risks associated with unregulated trading. Additionally, the platform lacks comprehensive educational resources and transparency regarding company policies and procedures, which may leave traders feeling uncertain. Furthermore, there is unclear information on spreads and commissions, leading to confusion and frustration for traders. Lastly, difficulties in accessing the website may disrupt the trading experience for users, highlighting the need for improved reliability and accessibility.
Pros | Cons |
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Directrader offers a diverse range of account types tailored to accommodate traders with varying experience levels and investment capital.
The VIP account caters to high-net-worth individuals, requiring a minimum deposit of $1 million.
For experienced traders, the diamond account provides advanced features with a minimum deposit of $500,000.
The gold account, suited for seasoned traders, requires a minimum deposit of $50,000, while the silver account targets intermediate traders with a minimum deposit of $5,000.
Additionally, the mini account offers a low barrier to entry with a minimum deposit of $250, ideal for beginner traders looking to start their trading journey.
Directrader provides varying maximum leverage levels across its account types to suit the risk preferences and trading strategies of different traders.
The VIP account offers the highest maximum leverage of 1:400, providing greater potential for amplified returns for high-net-worth individuals.
For diamond account holders, the maximum leverage is set at 1:300, offering slightly lower leverage while still providing ample trading flexibility.
Gold and silver account holders both have a maximum leverage of 1:200, suitable for seasoned and intermediate traders, respectively.
The mini account also offers a maximum leverage of 1:200, ensuring consistent trading conditions for beginner traders with smaller capital.
For support inquiries, traders can reach out to Directrader's customer service team via email at support@directrader.com. Additionally, they can contact the support team by phone at +56225821161.
In conclusion, Directrader offers a variety of account types but operates without regulatory oversight, posing potential risks. The platform lacks comprehensive educational resources and transparency on policies and procedures. Unclear information on spreads and commissions may cause confusion. Traders should be cautious and conduct thorough research before engaging with Directrader to ensure a safer trading experience.
Q: Is Directrader regulated?
A: No, Directrader operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.
Q: What account types does Directrader offer?
A: Directrader provides various account types, including VIP, diamond, gold, silver, and mini accounts, catering to different trading preferences and experience levels.
Q: How can I contact Directrader's customer support?
A: You can reach Directrader's customer support primarily through email at support@directrader.com. Additionally, you can contact the support team by phone at +56225821161.
Trading online comes with significant risks, and it's possible to lose all the capital you invest. Not every trader or investor may be suited for this type of activity. It's crucial to fully understand the risks involved before proceeding. Keep in mind that the details provided in this review may change as the company updates its services and policies. The date of this review's generation is also important to consider, as information may have changed since then. To ensure accuracy, it's recommended to verify any updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies with the reader.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive bp-prime and directrader are, we first considered common fees for standard accounts. On bp-prime, the average spread for the EUR/USD currency pair is From 0.1 pips, while on directrader the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
bp-prime is regulated by FCA. directrader is regulated by --.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
bp-prime provides trading platform including Prime, Pro and trading variety including --. directrader provides trading platform including VIP ACCOUNT,DIAMOND ACCOUNT,GOLD ACCOUNT,SILVER ACCOUNT,MINI ACCOUNT and trading variety including --.