Bitprime Gold Review – Is it Scam? – Online Broker

Introduction

In this review, we will take a close look at Bitprime Gold, an online broker that provides trading services for various financial instruments, including cryptocurrencies. We will examine the background and history of Bitprime Gold, analyze its legitimacy, explore the features and benefits it offers, discuss the trading platforms available, evaluate the account types and options, analyze the trading instruments, discuss the trading fees and charges, evaluate the customer support and assistance, and finally, discuss the security and safety measures implemented by Bitprime Gold. By the end of this review, you will have a clear understanding of whether Bitprime Gold is a scam or a legitimate online broker.

Background of Bitprime Gold

Bitprime Gold was established in 2017 and is based in New Zealand. It is a part of the Bitprime Group, which is a well-known name in the cryptocurrency industry. The company aims to provide a safe and reliable platform for trading various financial instruments, including cryptocurrencies, precious metals, and forex. Bitprime Gold has quickly gained a reputation for its user-friendly interface, competitive trading conditions, and excellent customer support.

Is Bitprime Gold Legitimate?

One of the most important factors to consider when evaluating an online broker is its regulatory status and licenses. Bitprime Gold is a regulated broker and is licensed by the Financial Markets Authority (FMA) of New Zealand. This regulatory body ensures that Bitprime Gold complies with the necessary rules and regulations to provide a safe and secure trading environment for its clients. Additionally, Bitprime Gold has received positive feedback from its customers, with many praising its transparency, reliability, and professionalism.

When comparing Bitprime Gold with other reputable online brokers, it stands out for its strong regulatory status and positive customer reviews. This indicates that Bitprime Gold is a legitimate online broker that can be trusted for trading various financial instruments.

Features and Benefits of Bitprime Gold

Bitprime Gold offers a range of features and benefits that make it an attractive choice for traders. Some of the key features include:

  1. User-Friendly Interface – Bitprime Gold provides a user-friendly and intuitive interface that is suitable for both beginner and experienced traders. The platform is easy to navigate, with all the necessary tools and information readily available.

  2. Wide Range of Trading Instruments – Bitprime Gold offers a diverse range of trading instruments, including cryptocurrencies, precious metals, and forex. This allows traders to diversify their portfolios and take advantage of different market opportunities.

  3. Competitive Spreads and Fees – Bitprime Gold offers competitive spreads and low fees, making it cost-effective for traders. This allows traders to maximize their profits and minimize their trading costs.

  1. Advanced Trading Tools – Bitprime Gold provides advanced trading tools and features, such as technical analysis indicators, charting tools, and risk management tools. These tools help traders make informed trading decisions and manage their risk effectively.

  2. Reliable Customer Support – Bitprime Gold offers reliable customer support services. Traders can reach out to the support team via email or live chat for any queries or assistance. The support team is responsive and knowledgeable, providing prompt and helpful solutions to any issues or concerns.

Trading Platforms

Bitprime Gold offers a variety of trading platforms to cater to the different needs and preferences of traders. The platforms include:

  1. Web-Based Platform – The web-based platform is accessible through any web browser, allowing traders to access their accounts and trade from anywhere with an internet connection. The platform is user-friendly and provides all the necessary tools and features for trading.

  2. Mobile Trading App – Bitprime Gold provides a mobile trading app for iOS and Android devices, allowing traders to trade on the go. The app offers a seamless trading experience, with all the features and tools available on the web-based platform.

  3. MetaTrader 4 (MT4) – Bitprime Gold also offers the popular MetaTrader 4 platform, which is widely recognized for its advanced charting capabilities, automated trading options, and customizable interface. MT4 is suitable for both beginner and experienced traders.

Account Types and Options

Bitprime Gold offers different account types to cater to the diverse needs of its clients. The account types include:

  1. Basic Account – The Basic Account is designed for beginner traders who are just starting their trading journey. It offers basic features and functionalities, including access to the trading platform, educational resources, and customer support.

  2. Advanced Account – The Advanced Account is suitable for experienced traders who require more advanced features and tools. It offers additional features such as advanced charting tools, technical analysis indicators, and priority customer support.

  3. VIP Account – The VIP Account is designed for high-volume traders who require personalized services and preferential treatment. It offers additional benefits such as lower trading fees, dedicated account manager, and exclusive trading tools.

Traders can choose the account type that best suits their trading needs and upgrade to a higher-tier account as they gain more experience and require additional features.

Trading Instruments

Bitprime Gold offers a wide range of trading instruments to cater to the diverse trading preferences of its clients. The trading instruments available on Bitprime Gold's platform include:

  1. Cryptocurrencies – Bitprime Gold allows traders to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and more. Cryptocurrency trading is available against major fiat currencies such as the US Dollar and Euro.

  2. Precious Metals – Bitprime Gold also offers trading in precious metals such as gold, silver, platinum, and palladium. Precious metals are considered safe-haven assets and are often used as a hedge against market volatility.

  3. Forex – Traders can also trade a range of forex currency pairs on Bitprime Gold's platform. Forex trading allows traders to speculate on the exchange rate between two currencies and take advantage of currency fluctuations.

By offering a diverse range of trading instruments, Bitprime Gold allows traders to diversify their portfolios and take advantage of different market opportunities.

Trading Fees and Charges

As with any online broker, trading fees and charges are an important consideration for traders. Bitprime Gold offers competitive and transparent fees, ensuring that traders can maximize their profits. The fees charged by Bitprime Gold include:

  1. Spreads – Bitprime Gold charges spreads on each trade, which is the difference between the bid and ask price. The spreads vary depending on the trading instrument and market conditions.

  2. Commissions – Bitprime Gold may charge commissions on certain types of trades, such as CFDs. The commission rates vary depending on the trading instrument and account type.

  3. Overnight Fees – Bitprime Gold charges overnight fees for positions held overnight. These fees are applicable to leveraged trades and vary depending on the trading instrument and account type.

Traders should carefully review the fee structure and consider the impact on their trading costs before opening an account with Bitprime Gold. It is also worth comparing Bitprime Gold's fees with other online brokers to ensure competitive pricing.

Customer Support and Assistance

Bitprime Gold is dedicated to providing excellent customer support and assistance to its clients. Traders can reach out to the support team via email or live chat for any queries or issues. The support team is responsive and knowledgeable, providing prompt and helpful solutions to any problems or concerns.

In addition to email and live chat support, Bitprime Gold also provides an extensive FAQ section and educational resources on its website. These resources cover a wide range of topics, including trading strategies, technical analysis, risk management, and more. Traders can access these resources to enhance their trading knowledge and skills.

Security and Safety Measures

Security is a top priority for Bitprime Gold, and the company has implemented several measures to protect user data and funds. Some of the security measures implemented by Bitprime Gold include:

  1. Secure Socket Layer (SSL) Encryption – Bitprime Gold uses SSL encryption to secure all communication between the user's browser and the platform. This ensures that all sensitive information, such as personal data and financial transactions, is encrypted and protected from unauthorized access.

  2. Two-Factor Authentication (2FA) – Bitprime Gold offers two-factor authentication to add an extra layer of security to user accounts. Traders can enable 2FA to require a unique verification code in addition to their login credentials.

  3. Segregated Client Accounts – Bitprime Gold keeps client funds separate from its own operational funds. This segregation of client accounts ensures that client funds are protected in the event of any financial difficulties or bankruptcy.

  1. Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures – Bitprime Gold follows strict AML and KYC procedures to prevent money laundering, fraud, and identity theft. Traders are required to provide identification documents and proof of address to verify their identity.

These security measures provide traders with peace of mind, knowing that their funds and personal information are protected.

Conclusion

After a thorough review of Bitprime Gold, it can be concluded that it is a legitimate online broker that provides a safe and reliable trading environment for its clients. Bitprime Gold is regulated by the Financial Markets Authority of New Zealand, ensuring compliance with necessary regulations. The company has received positive feedback from its customers and stands out for its user-friendly interface, competitive trading conditions, and excellent customer support. With a wide range of trading instruments, advanced trading platforms, and transparent fee structure, Bitprime Gold is a suitable choice for both beginner and experienced traders.

Frequently Asked Questions (FAQs)

  1. Is Bitprime Gold a regulated online broker?

    • Yes, Bitprime Gold is a regulated online broker and is licensed by the Financial Markets Authority (FMA) of New Zealand.

  2. What are the account options available on Bitprime Gold?

    • Bitprime Gold offers different account types, including Basic, Advanced, and VIP accounts, to cater to the diverse needs of traders.

  3. How