PU Prime, based in Seychelles, has emerged as a popular Forex and CFDs broker experience across 7 asset classes. This broker offers access to Forex, commodities, indices, stocks, ETFs, and bonds through advanced platforms like MetaTrader 4, MetaTrader 5, and their proprietary mobile app.
With competitive spreads, high leverage up to 1:1000, and 24/7 customer support, PU Prime aims to cater to both novice and experienced traders. In this PU Prime broker review, we will explore its offerings to help you decide whether this broker aligns with your trading goals.
PU Prime Company Information & Regulation
PU Prime is a well-established CFD broker that has been operating since 2016 and has gained recognition in the financial industry for its comprehensive trading solutions.
The company is based in Seychelles and operates under multiple regulatory licenses, ensuring a secure trading environment for its global clients. Here are the key points regarding PU Prime's company information and regulation:
- Licensed and regulated by the Financial Services Authority of Seychelles (NO. SD050)
- Additional oversight from the Financial Services Commission of Mauritius
- Licensed by FSCA authority in South Africa (No. 52218)
- Finzero Cap Ltd registered in Cyprus
- Client funds are held in segregated bank accounts for enhanced security
- Offers negative balance protection to safeguard traders from excessive losses
- Implements strict data protection measures to ensure client information security
While PU Prime's regulatory status provides a layer of protection for traders, it's worth noting that the primary regulator (FSA Seychelles) is considered a tier-3 authority.
This means that the level of oversight may not be as stringent as that provided by top-tier regulators like the UK's FCA or Australia's ASIC.
PU Prime Broker Summary of Specifications
PU Prime offers a comprehensive suite of trading services and features designed to meet the needs of diverse traders. Here's a summary of the key specifics:
Broker | PU Prime |
Account Types | Standard, Prime, ECN, Cent |
Regulating Authorities | SVG FSC, Mwali FSC, FSCA |
Based Currencies | USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY |
Minimum Deposit | $50 |
Deposit Methods | Credit Card, E-wallets, cryptocurrencies, wired transfer |
Withdrawal Methods | Credit Card, E-wallets, cryptocurrencies, wired transfer |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | Copy trading, social trading |
Trading Platforms & Apps | MT4, MT5, PU Prime app |
Markets | Forex, indices, commodities, shares, bonds, metals |
Spread | Floating from 0.0 pips |
Commission | From $1 per side/lot |
Orders Execution | ECN/STP, market execution |
Margin Call/Stop Out | 50%/ 20% |
Trading Features | Demo account, Islamic account |
Affiliate Program | Yes |
Bonus & Promotions | Deposit bonus, rebate bonus, refer a friend program |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, phone, live chat |
Customer Support Hours | 24/7 |
Restricted countries | USA, UAE, Egypt, North Korea, Australia, and more |
PU Prime Account Types
PU Prime offers a range of account types to suit different trading styles and experience levels. Each account type comes with its own set of features and trading conditions.
Account Type | Standard | Prime | ECN | Cent |
Spread | Floating from 1.3 pips | Floating from 0.0 pips | Floating from 0.0 pips | Floating from 1.3 pips |
Commission | No | $3.5 per side/lot | $1 per side/lot | No |
Minimum deposit | $50 | $1000 | $10,000 | $20 |
Maximum leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 |
Platforms | MT4/MT5, WebTrader, Mobile App | MT4/MT5, WebTrader, Mobile App | MT4/MT5, WebTrader, Mobile App | MT4/MT5, WebTrader, Mobile App |
The variety of account options ensures that traders can choose the one that best aligns with their trading volume, preferred instruments, and risk appetite.
Advantages and Disadvantages of PU Prime
Like any broker, PU Prime has its strengths and weaknesses. Here's a balanced look at the advantages and disadvantages of trading with PU Prime:
Advantages | Disadvantages |
Wide range of tradable assets | Limited regulatory oversight (tier-3 regulator) |
Variety of account types | Not available to US residents |
Up to 1:1000 | Mixed reviews on credible websites |
Advanced trading platforms | |
Various bonuses |
PU Prime Broker Registration & Verification Guide
Opening an account with PU Prime is a straightforward process. Here's a step-by-step guide to help you get started:
- Visit the PU Prime website and click on the "Sign Up" button.
- Fill in the required personal information, including name, email, and country of residence.
- Enter further personal information, including name, gender, date of birth, mobile number, country of residence and nationality.
- Choose account type, trading platform, and base currency.
- Submit proof of identity (passport, Driverās license, government-issued ID) and proof of residence (recent utility bill or bank statement) to comply with KYC regulations.
Pu Prime Trading Platforms
PU Prime offers a selection of popular and user-friendly trading platforms to cater to different trader preferences:
MetaTrader 4 (MT4)
The industry-standard platform known for its robust charting tools, automated trading capabilities, and extensive indicator library.
Links:
MetaTrader 5 (MT5)
An advanced version of MT4, offering additional timeframes, economic calendar, and a wider range of tradable assets.
Links:
WebTrader
A browser-based platform that allows for quick access to markets without the need for software downloads.
PU Prime Mobile App
A proprietary mobile trading solution that includes unique features like copy trading and social trading functionalities.
Links:
The availability of multiple platforms ensures that traders can choose the one that best fits their trading styles and device preferences, whether they prefer desktop, web-based, or mobile trading.
PU Prime Broker Spreads and Commissions
PU Prime offers competitive pricing structures across its various account types. Here's an overview of the spreads and commissions:
Account Type | Spread | Commission |
Standard Account | Floating from 1.3 pips | No |
Prime Account | Floating from 0.0 pips | $3.5 per side/lot |
ECN Account | Floating from 0.0 pips | $1 per side/lot |
Cent Account | Floating from 1.3 pips | No |
It's important to note that spreads can vary depending on market conditions and the specific instrument being traded. PU Prime provides a transparent fee structure, with all costs clearly displayed on their website and within the trading platforms.
While the spreads are generally competitive, traders should consider the overall cost of trading, including potential withdrawal fees and overnight swap rates, when evaluating the total expense of maintaining an account with PU Prime.
PU Prime Deposit & Withdrawal
PU Prime offers a range of deposit and withdrawal options to accommodate traders from different regions. Here's an overview of the payment methods and associated conditions:
Method | Commission | Minimum amount | Average time |
Credit Cards | 0% | $50 | Instant |
E-wallets | 0% | $50 | Instant |
Cryptocurrencies | 0% | $50 | Instant |
Local Bank Transfer | 0% | $50 | Instant |
International Bank Transfer | 0% | $50 | 2-5 working days |
PU Prime Broker Copy Trading & Investment Options
PU Prime offers a unique copy trading feature through its proprietary mobile app, which allows both novice and experienced traders to diversify their strategies.
- PU Prime copy trading features include:
- Available exclusively on PU Prime app
- Experienced traders can become signal provides
- Novice traders can copy the signal and become a Copier
- Easy selection of Signal Providers based on performance metrics
- Flexible allocation of funds to multiple providers
- Real-time tracking of copied trades
The copy trading feature allows less experienced traders to benefit from the expertise of successful traders while also providing an additional revenue stream for skilled traders who become Signal Providers.
PU Prime also provides social trading features where beginner traders can follow professionals and copy their trades. This platform also allows flexible copying parameters to manage your risk effectively.
PU Prime Tradable Markets & Symbols Overview
PU Prime offers over 800 tradable instruments across multiple asset classes.
- Forex
- Indices
- Commodities
- Stocks
- ETFs
- Bonds
The wide array of tradable instruments allows traders to diversify their portfolios and take advantage of opportunities across different markets.
PU Prime Broker Bonuses and Promotions
PU Prime offers several attractive bonuses and promotions to both new and existing clients:
- Copy trading bonus: Start copy trading in PU Prime and earn up to $60 of trade loss vouchers.
- Welcome Bonus: 50% deposit bonus up to $500 on the first deposit, and 20% up to $9,500 on the second deposit;
- Rebate bonus: Get 100% cashback based on your trading volume;
- Refer-a-Friend Program: Earn rewards for introducing new clients to PU Prime;
- First deposit cashback: Get 20% deposit bonus and convert it to a withdrawable balance;
- NFP promotion: predict the next non-farm payroll data and win up to USD $150.
Here's how you can recieve PU Prime depsoit bonus:
- Head to the client portal and click on the "promotions" tab;
- Make your deposit;
- Get rewarded 50% of your deposit on the first $1000 deposits and 20% on subsequent deposits.
It's important to note that all bonuses and promotions come with specific terms and conditions, including minimum deposit requirements, trading volume conditions, and time limits. Traders should carefully review these terms before participating in any promotional offers.
PU Prime Broker Support
PU Prime prides itself on providing comprehensive customer support to assist traders with any queries or issues they may encounter:
- Ticket: leave feedback or questions for PU Prime support team
- Live chat: available on the main page of the website
- Email: info@puprime.com
- Phone support: +248 4373 105
The quality of customer support can significantly impact a trader's experience with a broker. PU Prime's commitment to 24/7 multilingual support demonstrates their focus on client satisfaction.
PU Prime Restricted Countries
While PU Prime aims to serve global clients, there are certain restrictions on who can open an account due to regulatory requirements and company policies. The main restricted countries include:
- Kenya
- Egypt
- UAE
- Singapore
- North Korea
- Australia
- Afghanistan
- Pakistan
- Indonesia
- Belarus
- Bermuda
- USA
It's important to note that the list of restricted countries can change based on evolving regulatory landscapes and company policies. Potential clients should always check the most up-to-date information on the PU Prime website or contact customer support to confirm their eligibility to open an account.
PU Prime Broker Trust Scores & Reviews
Trust scores and user reviews provide valuable insights into a broker's reputation and reliability. Here's an overview of PU Prime's score in review websites:
Source | Score | Link |
Trustpilot | 3.2 | PU Prime trust score in Trustpilot |
ForexPeaceArmy | 1.85 | PU Prime trust score in ForexPeaceArmy |
Reviews.io | 4.8 |
While PU Prime has received recognition in the form of industry awards, the mixed user reviews and offshore regulatory status suggest that traders should exercise caution and conduct thorough due diligence before opening an account.
PU Prime Broker Education
PU Prime offers a comprehensive suite of educational resources to help traders improve their skills and market knowledge:
- PU Prime Academy: A structured learning program covering basics to advanced trading concepts
- Webinars: Regular live sessions on various trading topics hosted by industry experts
- Video Tutorials: Step-by-step guides on platform usage and trading strategies
- E-books: Downloadable resources on risk management, technical analysis, and more
- Trading Quizzes: Interactive tests to reinforce learning and assess knowledge
The educational content caters to traders of all levels, from beginners to advanced practitioners. While the resources are comprehensive, their effectiveness ultimately depends on the individual trader's engagement and application of the knowledge gained.
Traders are encouraged to make full use of these resources to enhance their trading skills and market understanding.
Trading Finder expert suggestion
PU Prime has been operating since 2016 and offers trading services to clients worldwide. This Seychelles-based broker offers over 800 tradable instruments to more than 500,000 customers.
PU Prime offers various account types, including Standard, Prime, ECN, and Cent with a wide range of bonuses, including welcome and deposit bonus. These are the main advantages of this broker.
However, lack of license and regulation from top-tier authorities and mixed reviews on famous review websites are major drawbacks.
In conclusion, choosing PU Prime as your Forex broker depends completely on your trading style and preferences.
