BP Prime – what we know and have as facts about it; This is a trade name of Black Pearl Securities Limited. The company was established in 2013 and currently is headquartered in London with offices in Italy and China. Black Pearl Securities Limited is authorized and regulated by the Financial Conduct Authority (FCA) under reference number 688456. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Best Execution Policy document that the company uses the Straight Through Processing (STP) model to execute client’s orders. Orders are always fulfilled by its liquidity providers. The document shows that BP Prime executes transactions as an agent or as riskless principal on client behalf. Client’s trades are executed on the company’s MT4 trading platform or via FIX API protocol. All orders will be immediately matched through some of the BP’s selected liquidity providers or through the company’s XCore aggregator (XCore is a liquidity-gathering technology owned by PrimeX) that allows BP Prime to execute customer orders. The STP model assumes that there is no conflict of interest between the client and the intermediary company.
So far, we have not received any complaints from customers of BP Prime. If you have any criticism to share with us or feel annoyed by BP Prime, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and BP Prime if you wish.