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PU Prime Review 2024

By:
Dan Blystone
Updated: Nov 28, 2023
Overall Rating
4.1
  • Trust
    2.7
  • Fees
    4.3
  • Platforms and Tools
    4.3
  • Tradable Instruments
    4.7
  • Customer Support
    4.5
  • Research
    4.5
  • Deposit and Withdrawal
    3.9
  • Account Types and Terms
    4.9
  • Education
    3.8
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on PU Prime

    Based in Mahe, Seychelles, PU Prime is a broker that offers a variety of account types, competitive low spreads, and swift order execution. It enables trading in a broad spectrum of CFDs, including currency pairs, commodities, indices, shares, ETFs, bonds, futures, and cryptocurrencies. Clients have access to both the comprehensive MetaTrader 4 and MetaTrader 5 platforms, along with PU Prime’s own mobile and copy trading apps. However, my research indicates that PU Prime operates under limited regulatory oversight and offers high leverage up to 1:1000, which calls for cautious consideration by potential clients.

    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
    • No account maintenance or inactivity fees
    • Easy signup process
    • Copy trading
    • Limited regulatory oversight
    • Lack of alternative web platform
    • E-wallet withdrawal fees

    PU Prime Key Takeaways in 2023

    • Variety of Markets. PU Prime excels in its range of instruments. I noted the availability of soft commodities, futures, bonds, and ETFs.
    • Strong Research. The broker provides quality in-house analysis, complemented by third-party trading ideas from Autochartist.
    • Lack of Protection. I found room for improvement in the trust category. Based offshore in the Seychelles, PU Prime has limited regulatory supervision.
    • Selection of Accounts. Traders can opt for 5 account types, including both commission-based and spread-based options. Swap-free trading is also available.

    What Sets PU Prime Apart?

    As an offshore broker, PU Prime provides exceptionally high leverage, reaching up to 1:1000 for Pro Account users. Active traders benefit from raw spreads starting at 0.0 pips, facilitating cost-effective trading. Additionally, the proprietary PU Social app enables users to explore and effortlessly replicate the strategies of master traders.

    Who is PU Prime for?

    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.

    We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the 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.

    PU Prime Main Features

    ☑️ RegulationsFSA (Seychelles), FSCA (South Africa)
    🗺 Supported Languages
    Korean, English, French, Indonesian, Portuguese, Arabic, Italian, Spanish, Vietnamese
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities
    💵 Min Deposit$50
    💹 Max Leverage1:1000 (FSA), 1:500 (FSCA)
    🖥 Trading Desk TypeSTP
    📊 Trading PlatformsMT5, Proprietary, MT4
    💳 Deposit OptionsWire Transfer, Neteller, FasaPay, Skrill, Visa, Mastercard
    💳 Withdrawal OptionsWire Transfer, Neteller, FasaPay, Skrill, Visa, Mastercard
    🤴 Demo AccountYes
    🗓 Foundation Year2015
    🌎 Headquarters CountrySeychelles
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    PU Prime Full Review

    Trust

    2.7
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    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
    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 Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    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 Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    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

    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

    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 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

    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

    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

    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

    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 Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    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 Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    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 Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    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 Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    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

    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.

    Research

    4.5
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    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 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

    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 Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    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

    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

    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

    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

    The company is based in Mahe, Seychelles.
    PU Prime provides negative balance protection and keeps client funds segregated from company funds. However, as an offshore broker, regulatory oversight is limited.
    PU Prime earns money from spreads, commissions, and swap fees.
    Traders can deposit funds using various methods including bank wire, credit cards, and digital wallets.
    The minimum deposit for a Standard Account is $50.
    Clients can withdraw funds via bank wire, credit cards, and digital wallets.
    Once processed, bank wires take 3–5 business days.
    The maximum leverage is 1:500 with a Standard account and 1:1000 with a Pro account.
    You can open an account in just a few minutes through the create account tab on the broker’s website.
    PU Prime offers MetaTrader 4, MetaTrader 5, a proprietary mobile app, and a copy trading app.
    Withdrawals via bank transfer and credit cards are free, but there is a 1–2% charge for withdrawals via Neteller, Skrill, and Fasapay.
    PU Prime offers a Cent account, good educational resources and reliable customer support, making it a suitable broker for beginners.
    Yes, a demo account is available to clients via the MetaTrader 4 and MetaTrader 5 platforms.
    Yes. PU Prime offers a raw spread account and fast execution, which are important for scalping.
    Yes. PU Prime offers the MetaTrader platform, which enables automated trading using expert advisors (EAs).
    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.
    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.
    PU Prime uses the straight-through transaction model (STP).
    No, PU Prime is a broker only.

    See PU Prime Full Information

    Headquarters CountrySeychelles
    Foundation Year2015
    RegulationsFSA (Seychelles), FSCA (South Africa)
    Publicly TradedNo
    Number Of Employees201
    Trading Desk TypeSTP
    Trading PlatformsMT5, Proprietary, MT4
    Restricted Countries
    Austria, United States, Singapore
    Supported Languages
    Korean, English, French, Indonesian, Portuguese, Arabic, Italian, Spanish, Vietnamese
    Min Deposit$50
    Max Leverage1:1000 (FSA), 1:500 (FSCA)
    Deposit OptionsWire Transfer, Neteller, FasaPay, Skrill, Visa, Mastercard
    Withdrawal OptionsWire Transfer, Neteller, FasaPay, Skrill, Visa, Mastercard
    Time to Withdrawal3
    Time to Open an Account8
    Crypto
    NMAE, Bitcoin, Cardano, Dogecoin, NEO, Litecoin, Ripple, Ethereum, Polkadot
    Products
    Currencies, Stocks, ETFs, Crypto, Bonds, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistYes
    Trading SignalsYes
    Platform Languages
    Korean, English, French, Indonesian, Portuguese, Arabic, Italian, Vietnamese
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Dan BlystoneBroker Analyst

    Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

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