Boston Prime FX

  • Name:Boston Prime FX
  • Website:http://www.bostonprimefx.com/
  • Location:China Japan United Kingdom United States
  • Found in:2011
  • Regulation Authority:
Editorial Rating:
1.30
Accept US Traders:
No

BostonPrime.com

Boston Prime was founded in 2011 and operates as a prime broker in the foreign exchange market. Dealing mainly with top-end traders who have at least $50,000 to invest, Boston Prime deals with 42 currency pairs, including various majors such as USD/EUR, EUR/GBP and USD/HKD as well as a selection of exotics like ZAR/JPY.

Although Boston Prime bears the name of a US city and holds an office in America, traders from the US are not permitted to open an account with this broker. However, access for clients across the world is unrestricted and users are able to benefit from a platform that can hold currencies in GBP, EUR, JPY, AED and PLN.

This range of currencies helps reduce the impact of conversion charges for many users and, additionally, makes it easier for them to fund and withdraw money from their accounts. Indeed, when dealing with sums of money above $50,000 it’s important to keep unnecessary charges to a minimum.

BostonPrimeFX.com’s Special FX:

To put the role of a prime broker in perspective it’s important to see them as an intermediary. Essentially this type of company is concerned with enabling institutions, such as hedge funds, move their funds in the most profitable way.

On top of this a prime broker will offer various services, such as bespoke technology or even office space, to assist its clients in the dealing process. In the Forex world the general position of a prime broker such as Boston Prime is to turn collateral funds into net funds and spread them across various deals.

One of the ways Boston Prime makes its money is through the spreads it offers. By ensuring a number of variables are in place, Boston Prime has been able to ensure tight spreads and, thus, lower costs to its customers.

Indeed, by offering a back office system to clients the cost of trading is reduced; moreover, by having pre-negotiated liquidity deals it means the company can secure the best rates possible before the market changes.

The Essentials:

For all its accounts Boston Prime FX is compatible with four different trading platforms, including: MetaTrader 4, Trader, CurreneX Classic and Integral FX Power. Through each of these Forex portals a user will have the ability to conduct in-chart trades, mobile trading and various orders and stops.

To complement the features offered by the above trading platforms, Boston Prime offers the following account conditions:

Minimum account size = $50,000

Minimum position size = 0.1 lot

Variable spreads typically from 0.3 pips with a minimum of 0.2 pips.

Commission charge (one-way) per 1 standard lot = $1

Scalping and Expert Advisors are encouraged.

Leverage = 1:100

Digits quoted after the comma = 4

Margin call level = 120%

Stop-out level = 100%

Number of currency pairs available = 42 (including 15 exotic)

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.