Bold Prime
has installed liquidity management software from Cyprus-based Takeprofit Tech
on its MetaTrader 5 platform, the latest technology addition for a broker that
operates primarily in Asian and Middle Eastern markets using its off-shore
Comoros license.
Takeprofit Tech Deploys
Bridge at Bold Prime
The Takeprofit’s
bridge technology connects trading platforms with liquidity providers, handling
order routing and price aggregation. Bold Prime says the setup will give it
more control over trade execution and help it manage order flow across
different market conditions.
“Integrating
the Takeprofit Bridge further enhances our ability to manage liquidity
effectively and ensure smooth trade execution,” said Zack Ivanenko,
general manager for risk management at Bold Prime.
“This
advancement helps us maintain consistent performance and a reliable trading
experience for our clients, regardless of market conditions.”
Bold Prime
previously installed two other Takeprofit Tech products: Dynamic Leverage and
Real Margin Stopout. Those tools adjust leverage limits automatically when
markets get choppy and can close positions before account balances hit zero.
The broker says these features protect clients from outsized losses during
volatile trading sessions.
Other Partnerships
Takeprofit
Tech has signed similar deals with other brokers in recent months. The company
deployed its MT5 bridge for
St Lucia-registered PFH Markets, completed an integration with
Sharia-compliant broker Saracen
Markets in September, and added its social trading module to Fiboniq’s
CRM platform in October.
“We
are honored to partner with such a reputable global broker as Bold Prime,”
said Timur Latypoff, General Director of Takeprofit Tech. “We appreciate
its dedication to putting clients first and its continued investment in
technology to ensure strong risk management and transparent trading
operations.”
Offshore License Raises
Questions
Bold Prime
operates under license number 31896 from the Union of Comoros’ International
Brokerage and Clearing House. However, the firm’s regulatory history includes a
February 2023 expulsion from the Financial Commission, an independent
dispute resolution body for retail Forex brokers.
The
Financial Commission said it removed Bold Prime for repeated failures to follow
the organization’s rules and guidelines, though it didn’t specify what
violations triggered the action. Bold Prime had joined the commission just six
months earlier in
August 2022.
The
expulsion means Bold Prime clients can’t file new complaints with the
commission or access its compensation fund, which covers up to 20,000 euros in
eligible claims. Malaysia’s Securities Commission flagged the broker in 2023
for operating without proper authorization in that country.
Bridge Technology Gains
Traction
MetaTrader
bridges have become standard infrastructure for FX brokers that want to connect
with multiple liquidity sources or run mixed execution models. The software
sits between the trading platform and liquidity providers, letting brokers
decide which orders to send to the market and which to handle internally.
The
technology provider Fortex has
also introduced cross-platform bridging, allowing traders to copy positions
between MT4/5 and Fortex 7 through Duplikium’s cloud infrastructure.
Takeprofit
Tech says its bridge handles up to 1,500 price quotes per second and processes
trades in under 30 milliseconds during normal market activity. The system works
with more than 30 liquidity providers and five cryptocurrency exchanges.
This article was written by Damian Chmiel at www.financemagnates.com.
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