General Risk Warning
Trading financial products involves significant risks and may not be suitable for all investors. Leveraged products like CFDs carry a high level of risk to your capital due to market volatility. Ensure you fully understand the risks involved and only trade with funds you can afford to lose. Consider seeking independent financial advice if necessary.
PU Prime Full Review
General Information & First Impressions
PU Prime, also known as PU Prime (Pty) Ltd, has established itself as a reliable broker in the financial market. Known for its comprehensive range of trading instruments and robust platforms, PU Prime offers a seamless trading experience to both beginners and experienced traders. Founded with a focus on providing competitive trading conditions, PU Prime continues to grow its presence globally.
PU Prime Pros and Cons
Pros:
- Low minimum deposit options
- Wide range of trading instruments
- User-friendly trading platforms (MetaTrader 4 and 5)
- Competitive spreads and leverage
- Strong regulatory framework
Cons:
- High minimum deposit for ECN accounts
- Limited educational resources
- Customer support availability could be improved
Who Is PU Prime For?
PU Prime is ideal for traders of all levels. Beginners will appreciate the low minimum deposit and user-friendly platforms, while experienced traders can benefit from the competitive spreads and advanced trading tools available on MetaTrader 4 and 5. PU Prime's flexible account types make it a suitable choice for both retail and institutional traders.
Account Types and Benefits
PU Prime offers several types of accounts to cater to different trading needs:
Account Type |
Minimum Deposit |
Instruments Available |
Special Features |
Cent Account |
$20 |
Forex, Crypto, Stocks |
Ideal for beginners, low risk |
Standard Account |
$50 |
Forex, Crypto, Stocks |
Competitive spreads, no commissions |
Pro Account |
$50 |
Forex, Crypto, Stocks |
Lower spreads, professional trading |
Prime Account |
$1,000 |
Forex, Crypto, Stocks |
Enhanced features, priority support |
ECN Account |
$10,000 |
Forex, Crypto, Stocks |
Direct market access, tightest spreads |
PU Prime Trading Platforms
PU Prime provides access to the industry-leading MetaTrader 4 and MetaTrader 5 platforms, known for their advanced trading capabilities, user-friendly interface, and robust charting tools. Both platforms support automated trading through Expert Advisors (EAs) and offer a wide range of technical indicators and analysis tools.
PU Prime Mobile Trading
PU Prime’s mobile trading apps for iOS and Android offer full functionality, allowing traders to manage their accounts, execute trades, and monitor the markets on the go. The mobile apps include all the essential features of the desktop versions, ensuring a seamless trading experience.
PU Prime Trading Features
PU Prime offers several innovative trading features:
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Social Trading: Allows users to follow and copy trades of successful traders.
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Expert Advisors: Automated trading strategies available on MetaTrader platforms.
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VPS Service: Ensures stable and uninterrupted trading operations.
PU Prime Research & Education
PU Prime provides some educational resources, including market analysis, economic calendars, and trading signals. However, compared to other brokers, the educational offerings are limited, which may require traders to seek additional learning resources elsewhere.
PU Prime Regulations & Licensing
PU Prime operates under multiple regulatory frameworks:
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Financial Services Authority (FSA) of Seychelles: PU Prime Limited is authorized and regulated by the FSA under License No. SD050.
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Financial Sector Conduct Authority (FSCA) of South Africa: PU Prime (Pty) Ltd is registered and regulated by the FSCA under License No. 52218.
These regulations ensure that PU Prime adheres to high standards of financial transparency and client protection.
PU Prime Pricing
PU Prime offers competitive spreads, with Standard and Pro accounts starting as low as 0.3 pips for major currency pairs. However, ECN accounts require a higher minimum deposit but offer the tightest spreads and direct market access.
PU Prime Deposits & Withdrawals
PU Prime supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. Fees and processing times vary:
Method |
Fees |
Processing Time |
Bank Transfer |
$5 |
1-3 business days |
Credit/Debit Card |
$5 |
Instant |
E-wallets |
$5 |
Instant |
Customer Support
PU Prime provides customer support via live chat, email, and phone. However, support is available only during business hours, which might be a limitation for some traders.
PU Prime Trading Experience
Overall, PU Prime offers a positive trading experience with its robust platforms, competitive pricing, and innovative features. The broker’s social trading network and low minimum deposit make it accessible for traders of all levels.
Bottom Line
PU Prime is a reliable and innovative broker that offers a comprehensive trading environment. Its competitive spreads, advanced trading platforms, and social trading features make it an attractive choice for traders seeking a robust and flexible trading experience.
PU Prime Spreads
Instrument |
Spread (Standard) |
Spread (Pro) |
EUR/USD |
From 1.3 pips |
From 0.3 pips |
PU Prime Swap Fees
Instrument |
Swap Long |
Swap Short |
EUR/USD |
-1.25 |
0.75 |
Available Languages
PU Prime’s website and customer support are available in multiple languages, including English, Spanish, French, Chinese, and more, catering to a global clientele.
Charts Available
PU Prime provides various types of charts, including line charts, bar charts, and candlestick charts, all accessible through MetaTrader 4 and 5.
Order Types
PU Prime supports multiple order types:
- Market Order
- Stop Loss
- Trailing Stop
- Limit Order
Order Execution Model
PU Prime uses an ECN (Electronic Communication Network) model, ensuring fast and reliable order execution.
MetaTrader 4 and 5
PU Prime offers both MetaTrader 4 and MetaTrader 5 platforms, providing advanced trading tools, automated trading capabilities, and comprehensive charting options.
Islamic Account
PU Prime offers Islamic accounts that comply with Sharia law, ensuring no swap fees on overnight positions.
Maximum Leverage by Asset Class
Asset Class |
Maximum Leverage |
Forex |
1:500 |
Commodities |
1:200 |
Indices |
1:200 |
Stocks |
1:20 |
What Can You Trade with PU Prime?
PU Prime offers a wide range of tradable instruments, including:
- Forex
- Cryptocurrencies
- Commodities
- Indices
- Stocks
Tradable Instruments
Instrument Type |
Examples |
Forex |
EUR/USD, GBP/USD |
Cryptocurrencies |
Bitcoin, Ethereum |
Commodities |
Gold, Silver |
Indices |
S&P 500, FTSE 100 |
Stocks |
Apple, Google |
Is PU Prime a Scam Broker?
PU Prime is a well-regulated and established broker with a solid track record. It operates under the regulations of the FSA and FSCA, offering multiple safeguards for client funds, including segregated accounts and negative balance protection.
Broker Details
PU Prime was founded with the mission of providing top-tier trading services and conditions. It offers a wide range of trading instruments and competitive trading conditions, making it a popular choice among traders.
Contact Info
For any inquiries or support, you can contact PU Prime via:
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Email: [email protected]
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Phone: +44 (0) 203 519 3211
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Live Chat: Available on their website
PU Prime vs. eToro
When comparing PU Prime to eToro, several key differences stand out:
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Platform: eToro offers a unique social trading platform, while PU Prime uses MetaTrader 4 and 5.
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Minimum Deposit: PU Prime has lower minimum deposit options starting at $20, compared to eToro's $200.
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Spreads: PU Prime offers competitive spreads, especially on its ECN accounts, while eToro's spreads can be higher.
PU Prime in 2024: What’s New?
In 2024, PU Prime continues to enhance its trading platform with new features and tools. The broker has expanded its range of tradable instruments and introduced new educational resources to help traders improve their skills. Additionally, PU Prime has improved its mobile trading app, offering a seamless experience for traders on the go.
Is PU Prime a safe broker?
PU Prime is regulated by the FSA of Seychelles and the FSCA of South Africa, ensuring a high level of security and transparency.
What platforms does PU Prime offer?
PU Prime provides MetaTrader 4 and MetaTrader 5 platforms.
Does PU Prime charge commissions?
Commissions apply to certain account types like the ECN account, while others may have different fee structures.
Can I trade cryptocurrencies with PU Prime?
Yes, PU Prime offers a variety of cryptocurrencies, including Bitcoin and Ethereum.
What is the minimum deposit for PU Prime?
The minimum deposit varies by account type, starting at $20 for the Cent account.
How can I contact PU Prime customer support?
You can contact PU Prime customer support via email at [email protected], by phone at +44 (0) 203 519 3211, or through live chat available on their website.
Does PU Prime offer a demo account?
Yes, PU Prime offers a free demo account that allows traders to practice and familiarize themselves with the trading platform and features without risking real money.
What are the deposit and withdrawal options with PU Prime?
PU Prime supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. Fees and processing times may vary depending on the chosen method.
Is PU Prime regulated?
Yes, PU Prime is regulated by the Financial Services Authority (FSA) of Seychelles and the Financial Sector Conduct Authority (FSCA) of South Africa.
What leverage does PU Prime offer?
PU Prime offers leverage up to 1:500, depending on the asset class and account type.
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