BP Prime vs TIO Markets

BP Prime or TIOmarkets – which is better for UK traders 2024? Compare BP Prime and TIOmarkets in this detailed breakdown of their platforms, features and fees.

BP Prime vs TIOmarkets Comparison Table 2024
BP Prime TIOmarkets
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2.9
BP Prime is ranked #97 among CFD brokers. TIOmarkets is ranked #97 among CFD brokers.
Review
Review
BP Prime offers MT4 trading with fast executions and a mobile app solution. TIO Markets is a global forex and CFD brokerage with both an offshore and UK-regulated branch. The broker has a strong customer focus, with 24/7 telephone and live chat customer service. Traders can access a range of accounts with competitive spreads from 0.4 pips.
Pros
  • I have found fees to be pretty competitive with TIO Markets, averaging as low as 0.2 pips for GBP/USD on the VIP account
  • The company's 24/7 customer service availability is in line with some of the top brokerages that I have reviewed
  • Another major advantage for me is the free access to Trading Central, an excellent charting and analysis tool
  • TIO Markets offers access to the powerful MT4 and MT5 platforms with market-leading analysis tools
  • UK clients will be happy to find that spread betting opportunities are supported by TIO Markets
  • I'm also pleased to see top-tier FCA regulation through the company's UK branch
Cons
  • Most traders will be registering with the global branch, which is regulated offshore and will not offer any robust fund safeguarding measures
  • Leverage rates with the UK branch are limited to a maximum of 1:30, which may feel restricting for experienced traders
  • Compared to major competitors, TIO Markets' educational resources are notably limited
Awards
  • Forex & CFD Broker of the Year 2018 - Le Fonti Awards
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$5000 $50
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA FCA
Mobile Apps
Yes Yes
iOS App Rating
rating empty
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Android App Rating
rating empty
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Margin Trading
No No
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Commodities
  • Gold
  • Silver
  • Gold
  • Silver
  • Oil
  • Natural Gas
CFD
Invest in online CFDs with 1:30 leverage. Unfortunately, I do feel that the broker's mediocre range of 300 CFDs will be quite restricting for most traders. It certainly doesn't compare to many other brands I review. Plus, the absence of crypto, ETF and soft commodity CFDs is a further setback.
Leverage
1:30 1:30
FTSE Spread
1.0 20
GBPUSD Spread<
1.4 0.8
Oil Spread
3.8 0.02
Stocks Spread
N/A Variable
Forex
Trade two-dozen+ FX pairs with low spreads. My tests uncovered an average selection of 46 forex pairs, including major, minor and exotic currency combinations. That said, access to both the MT4 and MT5 platforms is a major bonus for forex strategists looking for market-leading software.
Assets
27 45+
GBPUSD Spread
1.4 0.8
EURUSD Spread
1.4 0.4
EURGBP Spread
1.4 0.6
Cryptocurrency
Trade cryptocurrencies with 1:10 leverage.
Spread
BTC, LTC, ETH, XRP
Coins
  • Variable
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
BP Prime TIOmarkets
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