Bit Prime is a foreign exchange (FX) and cryptocurrency broker that offers online trading services to retail and institutional clients. The company was founded in 2016 and is headquartered in Auckland, New Zealand. Bit Prime is regulated by the Financial Markets Authority (FMA) of New Zealand.A closer look at Bit Prime FX Review 2022.
Is Bit Prime a Legit Broker?
Yes, Bit Prime is a legit broker as it is regulated by the FMA, which is a reputable regulator. The FMA requires brokers to maintain certain standards including segregated client funds, negative balance protection, and Tier 1 capital requirements. In addition, the broker must have robust risk management practices in place. As such, we believe that clients can trade with Bit Prime with peace of mind knowing that their funds are safe.
Is Bit Prime Safe?
Yes, we believe that Bit Prime is a safe broker as it is regulated by the FMA which has strict requirements for brokers operating in New Zealand. In addition, the broker has implemented robust risk management practices to protect client funds. Furthermore, all client funds are segregated from the company’s own funds and are held with tier-1 banks. Therefore, we believe that clients can trade with this broker without fearing for the safety of their funds.
Bit Prime FX Review 2022 Conclusion
In Bit Prime FX Review 2022, we believe that Bit Prime FX is a legit and safe broker for forex and CFD trading. The broker is regulated by the FMA of New Zealand and has implemented robust risk management practices to protect client funds. All client funds are also segregated from the company’s own funds and are held with tier-1 banks. Therefore, we believe that clients can trade with this broker without fearing for the safety of their funds.