Search Icon
FXEMPIRE
icon
broker

PU Prime Review 2023

Updated:
4.1
Trust
2.7
Fees
4.3
Platforms and Tools
4.3
Customer Support
4.5
Tradable Instruments
4.7
Account Types and Terms
4.9
Deposit and Withdrawal
3.9
Research
4.5
Education
3.8
While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and MetaTrader 5 mobile app. We opened accounts with the Pacific Union (Seychelles) Limited entity of PU Prime, regulated by the Seychelles Financial Services Authority (FSA). Some features and services may vary depending on where you reside.

The Big Picture

Mahe, Seychelles-based PU Prime offers clients multiple account types, low spreads, and fast order execution. The broker provides access to trading in CFDs on currency pairs, commodities, indices, shares, ETFs, bonds, futures, and cryptocurrencies. Clients can access the full suite of MetaTrader 4 and MetaTrader 5 platforms, as well as PU Prime’s proprietary mobile trading and copy trading apps. Read on to learn if this low-cost broker is a good fit for you.

PU Prime Key Takeaways in 2023

  • PU Prime excelled in its range of instruments. I noted the availability of soft commodities, futures, bonds, and ETFs.
  • Research materials were also impressive, with quality in-house analysis complemented by third-party trading ideas from Autochartist.
  • I found room for improvement in the category of trust. Based offshore in the Seychelles, PU Prime has limited regulatory supervision.
  • Beginners can benefit from the Cent Account type, which allows new traders to limit their risk in the market while trading live.
  • Experienced traders can take advantage of the advanced features of the MetaTrader platform and raw spreads starting from 0.0 pips via the ECN Account type.
  • In addition to the MetaTrader platform, PU Prime offers innovative apps for mobile trading and copy trading.

What Sets PU Prime Apart from Other Brokers?

The range of account types at PU Prime accommodates beginners and experienced traders. As an offshore broker, PU Prime offers an extremely high leverage of 1:1000 for Pro Account holders. Raw spreads from 0.0 pips help active traders keep costs minimal. The in-house PU Social app allows users to browse the performance and automatically copy the activity of master traders.

What types of traders will PU Prime fit the best?

With low trading costs and robust platforms, PU Prime can accommodate experienced traders and those using automated strategies. Beginners can benefit from helpful educational materials, reliable support via live chat, and a Cent account with just a $20 minimum deposit.

PU Prime Pros and Cons

Pros Cons
  • Robust range of platforms
  • Tight spreads in commodity and share CFDs (Standard Account)
  • Flexible account types
  • Research from Autochartist
  • Support in 18 languages
  • No account maintenance or inactivity fees
  • Easy signup process
  • Copy trading
  • Limited regulatory oversight
  • Does not offer VPS hosting

 

broker

Your capital is at risk.

About the Author

Dan Blystone
Starting his career in finance on the floor of the Chicago Mercantile Exchange, Dan later gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan also traded at a couple of different prop trading firms in Chicago.
Read More

How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
PU Prime Main Features
☑️
Regulations
FSCA South Africa (South Africa), FSA Seychelles (Seychelles)
🗺
Supported Languages
English, Spanish, French, Arabic, Portuguese, Vietnamese, Indonesian, Italian, Korean
💰
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Bonds, Crypto
💵
Min Deposit
$50
💹
Max Leverage
1:500 (FSCA South Africa), 1:1000 (FSA Seychelles)
🖥
Trading Desk Type
STP
See More
Check if...
unknownPU Prime accepts clients from your country:
Choose your country:

Your capital is at risk.

PU Prime Full Review

Trust

2.7
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

See More

PU Prime has a substantial operating history of over eight years. Regulatory oversight is limited as PU Prime is based offshore in Seychelles. PU Prime has a second entity, regulated by the South Africa FSCA. According to the broker, client funds are held in segregated accounts with AA-rated banks, and clients have negative balance protection.

This section will cover how PU Prime is regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

  • PU Prime is the business name of Pacific Union (Seychelles) Limited which is authorized and regulated by the Financial Services Authority of Seychelles with License No. SD050. We rate Seychelles FSA as a Tier-3 regulator.
  • PU Prime (PTY) Ltd is an authorized financial service provider regulated by the Financial Sector Conduct Authority (FSCA), registration number 2021/675469/07. We rate South Africa FSCA as a Tier-2 regulator.
Seychelles FSA Website
Seychelles FSA Website
PU Prime on the South Africa FSCA Register
PU Prime on the South Africa FSCA Register

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection. The table below lists the protections and benefits offered by the Pacific Union (Seychelles) Limited entity of PU Prime.

Entity Pacific Union (Seychelles) Limited PU Prime (PTY) Ltd
Country/Region Seychelles/Global South Africa
Regulation Seychelles FSA South Africa FSCA
Segregated Funds Yes Yes
Negative Balance Protection Yes Yes
Compensation Scheme No No
Maximum Leverage 1:500 (Standard Account) 1:1000 (Pro Account) 1:500 

Regulatory requirements are subject to change. We gathered the data listed above in August 2023.

  • Segregated funds describe the practice of keeping client money separate from the broker’s operational accounts. PU Prime provides segregated funds.
  • Negative balance protection means that it is not possible to lose more than your initial deposit. PU Prime provides negative balance protection.
  • Compensation schemes are designed to protect clients in the event of a broker becoming insolvent. Top-tier regulators like the UK FCA or CySEC guarantee that client funds are insured up to a set amount via compensation funds. PU Prime does not provide a compensation scheme.
  • Maximum leverage represents the most borrowed funds that can be used to increase the size of a client’s trading position. PU Prime offers leverage of 1:500 with a Standard account and 1:1000 with a Pro account.

Is PU Prime Safe to Trade With?

PU Prime is regulated by the Seychelles FSA, which provides minimal oversight. Although PU Prime has a second entity regulated by the South Africa FSCA, it appears that all clients are directed to the offshore entity. PU Prime claims that client funds are held in segregated accounts at AA-rated banks and that clients have negative balance protection. However, there is no compensation scheme in the event of PU Prime going bankrupt.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, the company’s size, and its transparency.

PU Prime’s Seychelles entity is listed in the website’s footer, including its license number. There is no reference to the South African entity on the website.

Spreads and swap fees are clearly detailed in the Trading Costs section of the website. Prospective clients can review the Client Services Agreement on the Legal Documentation page. The About Us page covers brokerage services but provides little insight into the background of the company.

In summary, I judged that there is room for improvement in the category of trust in light of the following factors:

  • The Seychelles entity is regulated offshore with minimal client protections.
  • There is no mention of the South African entity on the PU Prime website.
  • Limited background information on the company.

On the positive side:

  • Fees are plainly outlined.
  • Client funds are segregated.
  • Clients cannot lose more than their initial deposit.

Fees

4.3
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

See More

PU Prime offers average spreads via the Standard, Pro, and Cent account types. Competitive spreads and commissions are available with the Prime and ECN accounts. These low costs can be critical for achieving profitability, particularly for active, short-term traders. Swap fees and inactivity fees are average for the industry.

Trading Fees

I tested the spreads at PU Prime with a Standard account across different asset classes using the MetaTrader 5 platforms at 8:00 a.m. GMT and 4:00 p.m. GMT on 17 August 2023. I measured the spreads at two different times of day to allow for a greater perspective: 8:00 a.m GMT is the London open when there is high liquidity in the forex market and tighter spreads in currency pairs. 4:00 p.m. GMT is during the New York trading session.

Instrument Spread AM Spread PM
EUR/USD 1.7 Pips 1.6 Pips
GBP/JPY 2.4 Pips 2.1 Pips
Gold  24 Cents 20 Cents
Light Crude Oil  4.5 Cents 4.7 Cents
Apple N/A 15 Cents
Tesla N/A 22 Cents
Dow 30 3.3 Pips 3 Pips
Dax 40 1.5 Pips 1.5 Pips

Swap Fees

Swap fees (the cost of holding a position overnight) were average at PU Prime.

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). I recorded the data on 17 August 2023.

Instrument Swap Long Swap Short
EUR/USD Charge of $7.52 Credit of $3.02
GBP/JPY Credit of $19.76 Charge of $34.98

Non-Trading Fees

PU Prime does not charge any account maintenance fees or inactivity fees.

Are Fees at PU Prime Competitive?

The spreads I recorded in the Standard Account were mixed, but most competitive in CFDs on shares and commodities such as gold. Meanwhile, the ECN Account offers lower trading costs with spreads starting at 0.0 and commissions of $1 per side/lot.

Platforms and Tools

4.3
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

See More

PU Prime offers the full suite of MetaTrader 4 and MetaTrader 5 platforms, the PU Prime mobile app, and the PU Social copy trading app. MetaTrader provides robust charting and a wide range of order types and can cater to algorithmic traders. The PU Prime app is intuitive and beginner-friendly.

MetaTrader 5 Desktop

MetaTrader 5 Desktop Platform
MetaTrader 5 Desktop Platform

PU Prime offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading. In the hands-on testing process, I used the MT5 platform.

MetaTrader 5 is available in 52 languages, from Arabic to Vietnamese. The platform provides popular features such as:

  • Alerts. This feature updates traders when an instrument reaches a specific price level.
  • Watchlists. Traders can create a list of their favorite instruments and follow live quotes in a market watch panel.
  • One-Click Trading. This feature allows traders to execute orders with a single click and no secondary confirmation. This feature enables traders to operate faster and is especially useful for short-term traders.
  • Trading from the Chart. MT5 also allows users the convenience of trading directly from the chart.
Order Entry on the MetaTrader 5 Platform
Order Entry on the MetaTrader 5 Platform

MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:

  • Market Order. Traders use market orders to buy or sell an instrument at the best current price.
  • Limit Order. Traders use limit orders to buy or sell an instrument at a specified price or better.
  • Stop Loss Order. Traders use stop-loss orders to buy or sell an instrument when its price reaches a specified level.
  • Stop Limit Order. Traders can manage risk more precisely with stop limit orders, which combine the features of a stop-loss with those of a limit order.
  • Trailing Stop Order. Traders use trailing stop-loss orders as a stop-loss order at a defined percentage or dollar amount away from an instrument’s current market price. This order type allows traders to secure profits when they are in a winning trade while not having to exit the position.
Charting on the MetaTrader 5 Platform
Charting on the MetaTrader 5 Platform

Charting features are robust. MetaTrader 5 offers:

  • 38 Technical Indicators. These include classic trend indicators, volume indicators, and oscillators.
  • 44 Analytical Objects. These include lines, channels, Gann, and Fibonacci tools.
  • 21 Time Frames. Traders can choose from 21 time frames, from one minute to one month.
  • 3 Chart Types. Traders can use Bar Charts, Japanese Candlestick Charts, and Line Charts.

MetaTrader is also popular due to its copy trading and automated trading features.

  • Trading Signals. Signals in MetaTrader 5 allow users to copy other traders’ activity in real time.
  • Automated Trading. MetaTrader 5 allows users to develop, test, and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms.

The MetaTrader 5 is one of the most feature-rich and popular trading platforms for the desktop. However, it may present a steep learning curve for beginners.

MetaTrader 5 WebTrader Platform

MetaTrader 5 WebTrader Platform
MetaTrader 5 WebTrader Platform

The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system.

Popular features include:

  • One-click trading
  • Trading from the chart
  • Watchlists with real-time quotes
  • Trade History
  • Advanced charting with 30 indicators for technical analysis

Copy trading and automated trading are also only available on the MT5 desktop platform.

MetaTrader 5 Mobile App

MetaTrader 5 Mobile App
MetaTrader 5 Mobile App

PU Prime offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart.

The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features.

PU Prime App

PU Prime Mobile App
PU Prime Mobile App

The PU Prime app is intuitive and well-designed, enabling traders to easily open, close and manage positions while on the move. Customizable watchlists allow users to track their favorite instruments. Mobile traders can benefit from advanced charting with technical indicators, global news, price alerts, and trade signals. Account funding and customer support are also available via the app.

PU Social Copy Trading App

PU Social App
PU Social App

The PU Social app enables users to access the investment strategies of thousands of experienced traders. Their results can be replicated anytime using the auto-copy function.

Flexible copying parameters enable traders to manage risk according to their preferences. Traders can also sign up to be signal providers and earn commissions by sharing their trading strategies.

Tradable Instruments

4.7
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

See More

PU Prime excels in the scope of available CFD instruments. As well as offering many assets within forex, metals, energies, indices, shares, and cryptocurrencies, the broker provides less commonly found CFDs, such as bonds, ETFs, futures, and soft commodities like soybeans.

CFDs (Contracts for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. I found the range of tradable instruments at PU Prime to be better than average. Here are the major categories of tradable assets available:

  • 56 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
  • 20 Commodities. Commodities are raw products, such as gold and oil.
  • 600+ Global Stock CFDs. PU Prime offers trading in stock CFDs from exchanges ranging from the US to UK and EUR stock exchanges. A stock is a security that represents partial ownership of a corporation.
  • 52 ETF CFDs. Exchange-traded funds (ETFs) are financial instruments that track an index or sector and trade like a stock on an exchange.
  • 7 Bond CFDs. CFDs on fixed-income assets include the US Ten-Year Note and the German Bund.
  • 26 Indices. Available instruments range from Japanese to UK stock indices. An index is a basket of trading instruments that are used to gauge a market sector, stocks within an exchange, or the economy of a country.
  • 47 Cryptocurrency CFDs. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.

Note Card: Keep in mind that when trading CFDs, you are speculating on the price of an asset without actually taking ownership of the underlying asset.

In the tables below, you can see a selection highlighting the variety of CFD instruments available at PU Prime:

Forex Major Forex Minor
EUR/USD | GBP/USD | USD/JPY  GBP/JPY | EUR/NZD | AUD/CHF
Forex Exotic Metals
USD/THB | EUR/HUF | USD/COP Gold | Silver | Copper
Energies Softs
WTI Crude Oil | Natural Gas | Gasoline Soybeans | Cotton | Coffee
Shares Indices
Nvidia | Burberry | Volkswagen France 40 | Nasdaq 100 | China 50
ETFs Cryptocurrencies
SPDR Gold | ARK Innovation | Global X Blockchain Ripple | EOS | Ethereum

Customer Support

4.5
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

See More

PU Prime provides customer support via email, live chat, and phone. Overall, I experienced good customer support, and the live chat support was reliable during office hours. I rate the level of support as about average for the industry.

Customer Support Test

I tested PU Prime’s agents with dozens of questions, covering themes such as fees, regulations, platforms, and account types. Responses were generally fast: same day for email and within a minute or two via live chat or phone.

Via chat, a chatbot first tries to answer your inquiries but quickly passes you on to a live agent. I received good support when I was able to reach a human being. However, I was not able to reach an operator via live chat during the weekend.

Customer Support Languages 
English | Arabic | Italian | French | Spanish | Portuguese | Vietnamese | Indonesian | Korean

Deposits & Withdrawals

3.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

See More

With seven funding and withdrawal methods, including bank wire, credit cards, and digital wallets, PU Prime makes it easy to fund and withdraw money from your account. Processing times for deposits and withdrawals are about average. Withdrawals via bank wire and credit card are free, but there are charges for withdrawals via digital wallet.

In the tables below, I break down the fees and processing times for each deposit and withdrawal method.

Deposits

Deposit Method Fees Processing Time
Bank Transfer Free 2-5 business days
Visa Free Instant
Mastercard Free Instant
Neteller Free Instant
Skrill Free Instant
JCB Free Within 30 Minutes
FasaPay Free Instant

Withdrawals

Withdrawal Method Fees Processing Time
Bank Transfer Free 2-5 business days
Visa Free Within 24 Hours
Mastercard Free Within 24 Hours
Neteller 2% Within 24 Hours
Skrill 1% Within 24 Hours
JCB Free 1-3 Business days
FasaPay 0.5% Instant

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

See More

Opening an account at PU Prime is fast and straightforward. The process is fully digital, and I completed the application via the broker’s website within 10 minutes. PU Prime offers five main trading account types: Standard, Prime, Pro, ECN, and Cent. Each account has unique features suitable for different trader profiles.

PU Prime Account Application
PU Prime Account Application

Account Application

To open an individual account at PU Prime, prospective clients must provide the following information:

  • Country of residence
  • Name
  • Email
  • Mobile number
  • Nationality
  • Place of birth
  • Date of birth
  • Identification type (National ID, Passport or Drivers Licence)
  • Identification number
  • Country of main residency
  • Address
  • Whether you are a US citizen/resident for tax purposes

Account Types Comparison

The table below compares the five available account types side by side. In my opinion, the Standard and Cent accounts are most suitable for beginners and casual traders, while the Prime, Pro, and ECN accounts cater more to advanced and professional traders.

Feature Standard Prime Pro ECN Cent
Minimum Deposit $50 $1,000 $50 $10,000 $20
Spreads From 1.3 pips From 0.0 pips From 1.3 pips From 0.0 pips From 1.3 pips
Commission No $3.5 per side/lot No $1 per side/lot No
Leverage Up to 1:500 Up to 1:500 Up to 1:1000 Up to 1:500 Up to 1:500
Min. Trade Size 0.01 lots 0.01 lots 0.01 lots 0.01 lots 0.01 lots
Conditions Apply To All Products Forex, Spot Metals, Crude Oil Forex, Indices, Spot Metals, Commodities Forex, Spot Metals, Crude Oil All Products
Base Currencies USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY USD
Platforms MT4/MT5, WebTrader, Mobile App MT4/MT5, WebTrader, Mobile App MT4/MT5, WebTrader, Mobile App MT4/MT5, WebTrader, Mobile App MT4/MT5, WebTrader, Mobile App
Available as Islamic Account Yes Yes No No Yes

Demo Accounts

PU Prime offers demo accounts for MetaTrader 4 and MetaTrader 5. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch to a live version.

Islamic Accounts

PU Prime offers swap-free trading through Standard, Prime, and Cent account types. These accounts can be converted into Islamic accounts, adhering to the principles of Sharia law.

Leverage

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

The maximum leverage available at PU Prime is 1:1000 (with the Pro account type). This means that with an account of $1,000, you can control up to $1,000,000 worth of positions in the market. Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

Order Execution

PU Prime uses the straight-through transaction model (STP). Straight-through processing describes the method of routing orders straight through a broker’s servers to liquidity providers without any dealing desk intervention.

Supported Countries

PU Prime takes clients from the majority of countries globally. However, clients are not accepted from the United States, Singapore, and Australia.

Your capital is at risk.

Research

4.5
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

See More

PU Prime earned a high score in the research category with a combination of helpful in-house research and the popular third-party Autochartist. Materials are accessible to both beginners and advanced traders and contain actionable trading ideas. I rate the research offering at PU Prime as better than average for the industry.

PU Prime Research
PU Prime Research

PU Prime prepares daily market analysis reports that help orient traders for the day, covering major fundamental themes and focusing on individual markets and technical price levels to watch. From my estimation, the regularly published reports are in-depth and insightful. Also, the broker’s team publishes the weekly outlook report which previews the major upcoming economic releases with a commentary on market expectations.

Third-Party Research from Autochartist
Third-Party Research from Autochartist

In addition to in-house research, PU Prime provides its clients with content from Autochartist – a powerful pattern recognition tool that simplifies technical analysis by identifying trading opportunities based on key support and resistance levels. Traders can access Autochartist for free within the client portal.

Education

3.8
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

See More

PU Prime offers high-quality educational materials in the form of articles, video tutorials, and ebooks, but lost points for its lack of courses. Both beginners and advanced traders can benefit from the available resources.

PU Prime Education
PU Prime Education

Within the trading knowledge section, PU Prime provides a series of helpful articles covering the basics of trading – from how to identify trends to risk management and trading psychology. Articles are comprehensive and will help new traders build a foundation to work from.

PU Prime Video Tutorials
PU Prime Video Tutorials

The video tutorials section covers forex basics, chart types, technical and fundamental analysis. Practical topics like how to trade news releases and an explanation of key candlesticks are covered in easy-to-understand clips by PU Prime’s market analysts.

PU Prime YouTube Videos
PU Prime YouTube Videos

The PU Prime YouTube channel also has a selection of educational videos in a beginner-friendly animated format, including important trading basics – like lot sizes, the use of leverage, and the meaning of to go “long” and “short”.

The Bottom Line

As an offshore broker, PU Prime offers a fast and easy sign-up process and leverage as high as 1:1000 with the Pro Account type. Based in Seychelles, regulatory oversight is light, which led to a relatively low trust score in my review. PU Prime has a second entity regulated by the South Africa FSCA, but it appears to be inactive.

The variety of account types caters to a wide range of traders, and competitive spreads starting at 0.0 pips are available with the Prime and ECN account types. These low costs, combined with the powerful MetaTrader platform, make an attractive setup for active, experienced traders.

Tradable instruments are another area of strength at PU Prime, and I noted that clients can access a better-than-average variety of stocks, commodities, bonds, ETFs, and cryptocurrencies. PU Prime also distinguishes itself by offering a user-friendly mobile app and copy trading app – both developed in-house.

FAQ

Where is PU Prime based?
The company is based in Mahe, Seychelles.

Is PU Prime safe?
PU Prime provides negative balance protection and keeps client funds segregated from company funds. However, as an offshore broker, regulatory oversight is limited.

How does PU Prime make money?
PU Prime earns money from spreads, commissions, and swap fees.

How do I deposit funds in a PU Prime account?
Traders can deposit funds using various methods including bank wire, credit cards, and digital wallets.

What is the minimum deposit for PU Prime?
The minimum deposit for a Standard Account is $50.

How do I withdraw money from PU Prime?
Clients can withdraw funds via bank wire, credit cards, and digital wallets.

How long does it take to withdraw money from an account at PU Prime?
Once processed, bank wires take 3–5 business days.

How much is the maximum leverage at PU Prime?
The maximum leverage is 1:500 with a Standard account and 1:1000 with a Pro account.

How can I open an account with PU Prime?
You can open an account in just a few minutes through the create account tab on the broker’s website.

What platforms does PU Prime offer?
PU Prime offers MetaTrader 4, MetaTrader 5, a proprietary mobile app, and a copy trading app.

What are the withdrawal fees at PU Prime?
Withdrawals via bank transfer and credit cards are free, but there is a 1–2% charge for withdrawals via Neteller, Skrill, and Fasapay.

Is PU Prime good for beginners?
PU Prime offers a Cent account, good educational resources, and reliable customer support, making it a suitable broker for beginners.

Does PU Prime offer a demo account?
Yes, a demo account is available to clients via the MetaTrader 4 and MetaTrader 5 platforms.

Is PU Prime suitable for scalping?
Yes. PU Prime offers a raw spread account and fast execution, which are important for scalping.

Is PU Prime suitable for auto-trading?
Yes. PU Prime offers the MetaTrader platform, which enables automated trading using expert advisors (EAs).

Is PU Prime suitable for hedging?
Yes, PU Prime brokerage can be used for hedging.

Is PU Prime suitable for spread betting?
No, PU Prime does not currently offer spread betting.

Does PU Prime provide VPS?
No, PU Prime does not currently offer VPS hosting.

What are PU Prime trading hours?
Different instruments have different trading hours attached to them. For example, currency pairs can be traded 24 hours from Monday to Friday, while cryptocurrencies can be traded 7 days a week.

Is PU Prime a market maker?
PU Prime uses the straight-through transaction model (STP).

Does PU Prime operate a bank?
No, PU Prime is a broker only.

broker

Your capital is at risk.

See PU Prime Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Seychelles
Foundation Year
2015
Regulations
FSCA South Africa (South Africa), FSA Seychelles (Seychelles)
Publicly Traded
No
Number Of Employees
201
Trading Desk Type
STP
Trading platforms
MT4, MT5, Proprietary
Restricted Countries
United States, Austria, Singapore
Supported Languages
English, Spanish, French, Arabic, Portuguese, Vietnamese, Indonesian, Italian, Korean
Min Deposit
$50
Max Leverage
1:500 (FSCA South Africa), 1:1000 (FSA Seychelles)
Deposit Options
Wire Transfer, Skrill, Neteller, FasaPay, Visa, Mastercard
Withdrawal Options
Wire Transfer, Skrill, Neteller, FasaPay, Visa, Mastercard
Time to Withdrawal
3
Time to Open an Account
8
Cryptocurrencies
NMAE, Bitcoin, Cardano, Dogecoin, NEO, Litecoin, Ripple, Ethereum, Polkadot
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Bonds, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
No
Managed Account
No

Trade With A Regulated Broker