PU Prime is an online brokerage established in 2015. The broker offers its services globally in more than 120 countries, and services over 200,000 accounts. Support is offered in multiple languages to cater to the broker’s global client base.

PU Prime offers all the major asset classes, such as forex, stocks and commodities, and cryptocurrencies. In addition to conventional funding methods, clients are able to make deposits using digital assets, with Bitcoin and Tether both being accepted as deposit methods. All of this is available on four different account types, which can be chosen based on the trading profile of the client. The brokerage also offers free demo accounts, which customers can use to test trading conditions before committing any actual capital.

Trading platforms are also well-supported at PU Prime, with the award-winning MetaTrader 4 and MetaTrader 5 as staples. There is desktop, mobile, and web-based versions of these platforms so clients can choose their favorite interface. Autochartist is included as an MT4 plugin too, giving traders access to a powerful market-scanning and technical analysis tool.

PU Prime operates a no dealing desk model, resulting in superior pricing, fewer outages, and a great depth of liquidity. PU Prime is authorized and regulated by the Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority.

The following review will go into greater detail regarding what to expect when trading with PU Prime.

PU Prime Pros and Cons

Pros

Low minimum deposit
High leverage
Extensive educational resources
Established broker
Dedicated Account Manager
Regulated and secure. With segregated account for clients’ funds

Cons

Offshore regulation
Not available to U.S. residents

Broker Regulation

PU Prime is a brand owned and operated by Pacific Union International Pty Ltd. and is registered in Australia with registration number: ABN 57 626 461 701. The firm is regulated by the Seychelles Financial Services Authority (SFSA), an offshore license issuer. This regulation is based on the subsidiary Pacific Union (Seychelles) Limited. Pacific Union (Seychelles) Limited is authorized and regulated by the Financial Services Authority of Seychelles with License No. SD050.

The reason behind the subsidiary is that Seychelles requires broker candidates to be incorporated domestically with two shareholders and two directors. Furthermore, the SFSA requires firm to be in possession of a minimum capital of $50 000. While the SFSA has no requirement for a brokerage to hold its clients’ money in a segregated bank account, all of PU Prime’s clients’ money is kept separately from its own to ensure that, in the unlikely case of liquidation, PU Prime’s customers’ money is safe.

Account Types

PU Prime the prefered forex trading app — PU Prime

PU Prime offers several different account types for its clients. This ensures that each client can choose an account type that best matches their needs. The account types vary, with options designed for both beginner and expert traders. There are also Islamic accounts for those who follow Sharia Law and a demo account that allows prospective clients to test out the service before depositing cash.

Cent Account

Minimum deposit: $20
Maximum deposit: $1,000
Spreads: Beginning at 1.3 pips
Commission: None
Best for: Beginners

Standard Account

Minimum deposit: $50
Spreads: Beginning at 1.3 pips
Commission: None
Best for: All traders

Prime Account

Minimum deposit: $1,000
Spreads: Beginning at 0 pips
Commission: $3.50 per lot, per side
Best for: Experienced traders

Islamic Account

Minimum deposit: $50
Spreads: Beginning at 0 pips
Commission: $0-$3.50 per lot, per side
Muslim traders

All accounts come with tools like Expert Advisors (EA), Autochartist, and negative balance protection, as well as a daily news update, and a market analysis that is broadcasted live daily. Plus, all the accounts have access to trade Forex, Indices, Spot Metals, commodities, Shares, and Crypto with leverage as high as 1:500.

In addition to the real-money accounts, you can also take advantage of a free demo account at PU Prime. The demo account is meant for beginner traders who are trying to understand how the financial markets work. It gives them the opportunity to try out trading without taking on any financial risk. We would highly recommend starting out with a demo account to become familiar with the trading conditions at the brokerage.

Assets Offered

Clients at PU Prime can take advantage of the six major asset classes, which includes the newest asset class of cryptocurrencies.

These are the major asset classes available

Forex - PU Prime provides forex traders access to over 41 forex pairs with competitive spreads and fast execution.
Shares – CFDs in shares like Amazon, Google, and Apple allow investors to speculate in some of the world’s most influential companies and benefit from dividends without owning assets.
Indices – Trade an extensive list of indices including the S&P 500, the German DAX, and the Japanese Nikkei 225.
Metals – Find opportunities in precious metals like gold and silver with PU Prime’s low spreads and high leverage.
Commodities – Trade various commodities including metals, energies, and agriculture with just one account.
Cryptocurrency - Get the advantages of cryptocurrencies’ high volatility without needing a crypto wallet, removing the risk of cryptocurrency theft.

Trading Platforms

PU Prime offers both the original MetaTrader 4 platform and the updated MetaTrader 5 platform for its clients. Clients can take advantage of the powerful features in both platforms as a downloadable desktop application, in a web-based environment, or as a mobile application. In addition, there is a PU Prime-branded mobile application that includes all the news, research, and analysis tools needed by active traders.

MetaTrader 4 - MetaTrader4 is one of the first platforms to be used widely, and since its launch in 2005, it’s been used by millions of traders to analyze the markets and build trading strategies. Still a favorite of forex traders, the power of MetaTrader 4 cannot be denied. PU Prime has enhanced its MetaTrader 4 implementation with the inclusion of the Autochartist plugin, which is described in more detail below.

MetaTrader 5 - MetaTrader5 is the updated version of the award-winning MetaTrader 4 platform. It was designed to include the trading capability for CFDs, stocks, and other assets besides forex. It is also extremely popular and one of the most frequently offered platforms from online brokers.

PU Prime Research and Education

PU Prime prides itself on the breadth and depth of its education and research tools. These tools include the Autochartist, a user-friendly but powerful companion to your trading. It is a technical analysis tool made for all levels of traders and works by scanning the markets in real-time to alert users to trading opportunities. Autochartist seamlessly integrates with MT4 so you can easily make trading decisions on the fly.

Besides technical tools, PU Prime also offers additional resources such as video guides and e-books that can help take trading knowledge to the next level. There are also in-house analysts at PU Prime who provide daily and weekly market updates, along with top-notch technical analysis of various assets daily.

Customer Service

PU Prime offers customer service on a 24/5 basis, which is consistent with the online broker space. In addition, support is available in 17 different languages, providing the global client base with assistance in many native languages. Customer service can be contacted via an online chat function, through email, or via telephone.

Phone: +248 4671 948

Email: info@PUprime.com

In Conclusion

With a history stretching back to 2015 and a global support base, PU Prime is a good choice for traders of all levels. Support is available in 17 languages, which adds to the global accessibility of the broker. The broad assets on offer ensure that any trader will find the trading instruments they are interested in, and the spreads and commissions on offer are competitive in the CFD trading space.

Clients can choose from MetaTrader 4 and MetaTrader 5 or use the proprietary PU Prime mobile app. The addition of Autochartist as an MT4 plugin makes for a powerful research tool that can take trading to another level.

Because the broker also offers a demo trading account, it’s easy to register and experience the trading conditions at PU Prime to decide if it’s an appropriate choice for your trading needs.

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