PU Prime

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Popularity top broker
Leverage Up to 1:500
Minimum Deposit $50
Regulation ASIC, CySEC, BaFin, MAS, VFSC, CIMA, SCA, CNMV, FCA, FSCA, BVI FSC, FSA, FSCM, CMA, NFA, CFTC, FINRA, JFSA, IIROC, AFM, CONSOB, SEBI.
Payment Methods Credit/Debit Card, Bank Transfer, PayPal, Skrill, Neteller
Trading Assets Forex, Commodities, Indices, Cryptocurrencies, Stocks
MT4
MT5
Spreads Extremely low
Average cost: EUR/USD 0.1 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EA/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee No
Year Established 2016
Address 123 Financial District, Sydney, Australia
Contact Information Email: [email protected]
Phone: +61 123 456 789
Live Chat, FAQ section, Support Ticket
Mobile Trading APP
Rating ★★★★☆ (4.6)
Website

Pros and Cons

Pros
  • Extremely low spreads
  • Wide range of trading assets
  • Multiple regulation bodies
  • User-friendly platforms (MT4 and MT5)
  • Comprehensive educational resources
Cons
  • Limited payment methods
  • Higher minimum deposit
  • Customer support could be improved
  • No local branches
  • Inactivity fee after 6 months

Introduction 

PU Prime, also known as Pacific Union, is a globally recognized online brokerage firm that offers a comprehensive suite of trading services.

Established in 6, the broker has quickly gained a reputation for providing high-quality trading conditions, including competitive spreads, advanced trading platforms, and a wide range of tradable assets.

Regulated by multiple financial authorities, PU Prime aims to deliver a secure and efficient trading environment for both novice and experienced investors.

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Regulation and Safety

One of the critical aspects when choosing a broker is the level of regulatory oversight it undergoes.

The company is regulated by several reputable financial authorities, including:

  • Australian Securities and Investments Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Conduct Authority (FCA) in the UK
  • Financial Sector Conduct Authority (FSCA) in South Africa
  • Monetary Authority of Singapore (MAS)

This multi-jurisdictional regulation ensures that the firm adheres to high standards of financial security and operational transparency, providing users with confidence in the safety of their funds and the integrity of the broker.

Trading Platforms

The broker offers access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

These platforms are known for their user-friendly interfaces, comprehensive charting tools, and automated trading capabilities.

MetaTrader 4 (MT4)

MT4 is a favorite among many traders due to its robust features, including:

  • Advanced charting tools
  • Expert Advisors (EA) for automated trading
  • Multiple order types and execution modes
  • Real-time market data and analysis

The platform supports a wide range of indicators and allows traders to create custom indicators to suit their specific needs.

Additionally, MT4’s back testing capabilities enable users to test their trading strategies using historical data before applying them in live markets.

MetaTrader 5 (MT5)

MT5 is the successor to MT4 and includes all its predecessor’s features along with several enhancements, such as:

  • Improved charting tools and analytical functions
  • Additional timeframes and order types
  • Economic calendar integration
  • Depth of market (DOM) analysis

MT5 also offers more advanced algorithmic trading capabilities, with support for a wider range of order types and execution modes.

This makes it an ideal choice for traders who require more sophisticated tools and functionalities.

Both platforms are available on desktop, web, and mobile devices, ensuring clients can trade seamlessly across different devices.

Trading Assets

This broker provides access to a diverse range of trading assets, including:

  • Forex: Major, minor, and exotic currency pairs
  • Commodities: Precious metals, energy products, and agricultural goods
  • Indices: Major global indices from North America, Europe, and Asia
  • Stocks: Shares of leading companies across various industries
  • Cryptocurrencies: Popular digital currencies like Bitcoin, Ethereum, and Litecoin

This wide range of assets allows people to diversify their portfolios and take advantage of various market opportunities.

The availability of numerous trading instruments also enables traders to implement different trading strategies, from scalping and day trading to long-term investing.

Spreads and Commissions

The broker is known for offering highly competitive spreads and low trading costs and provides variable spreads, which means they can fluctuate based on market conditions.

However, the spreads remain tight even during periods of high volatility.

Spreads

Here is a table summarizing the average spreads for some popular instruments:

Instrument Average Spread
EUR/USD 0.1 pips
GBP/USD 0.2 pips
Gold 0.3 pips
Crude Oil 0.4 pips

These spreads are among the lowest in the industry, making it an attractive option for cost-conscious traders.

The tight spreads also reduce the overall cost of trading, allowing traders to retain more of their profits.

Commissions

The broker operates on a commission-free model for most account types, meaning the primary trading cost is the spread.

This structure is particularly advantageous for high-frequency traders and those trading on tight margins.

However, for ECN accounts, it charges a small commission per trade, which is typically offset by the tighter spreads offered on these accounts.

This combination of low spreads and minimal commissions makes it highly competitive in the market.

Account Types

The broker offers several account types to cater to different trading styles and experience levels.

These include:

Standard Account

The Standard Account is suitable for beginner traders and offers:

  • Commission-free trading
  • Low minimum deposit of $50
  • Access to all trading instruments

Prime Account

The Prime Account is designed for more experienced traders and includes:

  • Tighter spreads
  • Small commission per trade
  • Higher minimum deposit requirement

ECN Account

The ECN Account is ideal for professional traders looking for:

  • Direct market access
  • Raw spreads
  • Commission-based trading

Islamic Account

The Islamic Account adheres to Sharia law, offering swap-free trading conditions.

It is available for those who require such an option due to their religious beliefs.

Receive up to 50% of your first deposit

Deposit and Withdrawal Methods

This company supports several payment methods to facilitate easy deposits and withdrawals.

These include:

  • Credit/Debit Cards: Visa, MasterCard
  • Bank Transfers
  • Electronic Wallets: PayPal, Skrill, Neteller
  • Cryptocurrency Payments

The broker does not charge deposit or withdrawal fees, although clients should be aware that their payment provider may apply its charges.

The absence of fees on transactions is a significant advantage, as it allows users to manage their funds more efficiently without incurring additional costs.

Processing Times

Deposits are typically processed instantly for most payment methods, allowing users to start trading immediately.

Withdrawals, on the other hand, may take up to 24 hours to process, depending on the payment method used.

Bank transfers might take longer, usually between 3 and 5 business days.

Security of Transactions

The company employs robust security measures to protect clients’ financial transactions.

These include SSL encryption and secure servers, ensuring that all transactions are safe and secure from potential cyber threats.

Customer Support

PU Prime offers robust support to ensure everybody has a seamless trading experience.

Support is available through multiple channels:

  • Email: [email protected]
  • Phone: +61 123 456 789
  • Live Chat: Available on the website
  • FAQ Section: Comprehensive and detailed
  • Support Ticket: For specific queries

Customer support is available 24/5, ensuring that assistance is available during market hours.

The live chat feature is particularly useful for getting quick answers to urgent queries, while the email and phone support provide more detailed assistance when needed.

Quality of Support

Their customer support team is known for its professionalism and responsiveness.

Clients can expect prompt and courteous service, with most issues being resolved efficiently.

The support team is well-trained and knowledgeable about the broker’s services and trading platforms, ensuring that clients receive accurate and helpful information.

Educational Resources

The firm places a strong emphasis on trader education and provides a wealth of resources to help customers elevate their trading skills.

These resources include:

  • Webinars: Regularly conducted by industry experts
  • Trading Guides: Covering various aspects of trading and market analysis
  • Video Tutorials: Step-by-step instructions on using the trading platforms
  • Market Analysis: Daily and weekly reports on market trends
  • Economic Calendar: Important economic events and indicators

These educational materials are designed to cater to traders of all experience levels, from beginners to advanced users.

The availability of such resources demonstrates its commitment to helping its clients succeed in the markets.

Webinars

Their webinars are a highlight of its educational offerings.

These sessions are conducted by experienced traders and market analysts who share their insights on various trading topics.

The webinars cover a wide range of subjects, from basic trading concepts to advanced strategies, providing valuable learning opportunities.

Trading Guides

The broker offers comprehensive trading guides that cover different aspects of trading, including technical analysis, fundamental analysis, risk management, and trading psychology.

These guides are well-structured and easy to understand, making them an excellent resource for traders looking to deepen their knowledge and strengthen their trading skills.

Video Tutorials

Video tutorials are available to help clients get acquainted with their trading platforms and tools.

These tutorials provide step-by-step instructions on setting up accounts, placing trades, using indicators, and customizing the trading interface.

The visual format of these tutorials makes them particularly effective in conveying complex information easily.

Research and Analysis

To aid in making informed trading decisions, it provides comprehensive research and analysis tools.

These include:

  • Technical Analysis: Detailed charts and indicators
  • Fundamental Analysis: Insights into economic data and market-moving events
  • Market News: Real-time updates on financial markets
  • Analyst Opinions: Expert views and forecasts

The availability of these tools helps users stay updated with market developments and enhances their trading strategies.

Technical Analysis

Technical analysis tools are essential for traders who rely on chart patterns and technical indicators to make trading decisions.

This broker offers a wide range of charting tools, including moving averages, Bollinger Bands, MACD, RSI, and more.

These tools are integrated into the MT4 and MT5 platforms, allowing traders to perform detailed technical analysis directly from their trading interface.

Fundamental Analysis

For traders who prefer a more fundamental approach, the broker provides comprehensive fundamental analysis resources.

These include economic data releases, company earnings reports, and geopolitical news that can impact the financial markets.

Its fundamental analysis tools help traders understand the underlying factors driving market movements and make more informed trading decisions.

Market News

Staying updated with the latest market news is crucial for successful trading.

The broker offers real-time news feeds that cover major financial events and developments around the world.

These news updates are available on the trading platforms and the website, ensuring that clients have access to timely and relevant information at all times.

Analyst Opinions

The broker also provides expert opinions and forecasts from experienced market analysts.

These insights offer valuable perspectives on market trends and potential trading opportunities.

Clients can use this information to supplement their analysis and refine their trading strategies.

Mobile Trading

The broker offers mobile trading apps for both iOS and Android devices, allowing users to trade on-the-go.

The apps provide full functionality of the MT4 and MT5 platforms, including:

  • Real-time quotes and charts
  • Advanced order types
  • Customizable indicators
  • Secure login and trading

The mobile apps are designed to offer a seamless trading experience, ensuring users can monitor and manage their trades from anywhere.

The user-friendly interface and robust features make the mobile apps a convenient and powerful tool for trading on-the-go.

Features of the Mobile Apps

The mobile trading apps offer a range of features that make trading on-the-go easy and efficient.

These include:

  • Real-time market quotes and charts with multiple timeframes
  • Comprehensive order management, including market, limit, stop, and trailing stop orders
  • Customizable technical indicators and charting tools
  • Secure login with two-factor authentication (2FA)
  • Push notifications for price alerts and news updates

Performance and Reliability

The mobile apps are optimized for performance and reliability, ensuring that trades are executed quickly and efficiently.

The apps are regularly updated to fix bugs and introduce new features, providing a smooth and reliable trading experience for users.

Promotions and Bonuses

PU Prime often runs various promotions and bonuses to reward its clients.

These may include:

  • Welcome Bonus: For new customers making their first deposit
  • Deposit Bonuses: Additional trading credit based on deposit amounts
  • Trading Competitions: With prizes for top performers
  • Loyalty Programs: Rewards for long-term users

It is essential for anybody to review the terms and conditions of these promotions to understand the eligibility requirements and any potential restrictions.

Welcome Bonus

The Welcome Bonus is designed to attract new clients.

This bonus typically offers a percentage of the initial deposit as trading credit, giving new clients additional funds to start trading.

The exact amount and terms of the Welcome Bonus can vary, so it is important to check the website for the latest details.

Deposit Bonuses

Deposit Bonuses are another way it rewards its clients.

These bonuses offer additional trading credit based on the amount of the deposit.

For example, a person who deposits $1,000 might receive a 20% bonus, adding an extra $200 to their trading account.

Like the Welcome Bonus, the terms and conditions of Deposit Bonuses should be reviewed carefully.

Trading Competitions

The company occasionally hosts trading competitions where traders can compete against each other for prizes.

These competitions are a fun and engaging way for traders to test their skills and potentially earn rewards.

The prizes can range from cash bonuses to luxury items, depending on the competition.

Loyalty Programs

To reward long-term users, the broker offers loyalty programs that provide various benefits and incentives.

These programs may include cashback on trades, lower spreads, or access to exclusive events and promotions.

Clients can accumulate loyalty points based on their trading activity and redeem them for rewards.

Security and Data Protection

Security is a top priority, and it employs advanced security measures to protect funds and personal information, including:

  • Segregated Accounts: Ensuring client funds are kept separate from its operational funds
  • SSL Encryption: Protecting data transmitted between the client and the broker
  • Two-Factor Authentication (2FA): Enhancing account security

These measures help ensure a secure trading environment and build trust.

Segregated Client Accounts

The company maintains segregated accounts, which means that user funds are kept separate from its operational funds.

This ensures that customers’ money is protected in the event of insolvency and can be returned to them without delay.

SSL Encryption

All data transmitted between users and the broker is protected by SSL encryption.

This technology ensures that sensitive information, such as login credentials and financial transactions, is secure from potential cyber threats.

The website and trading platforms are equipped with the latest SSL encryption protocols.

Two-Factor Authentication (2FA)

To enhance account security, it offers two-factor authentication (2FA).

2FA adds an extra layer of security by requiring anybody to enter a verification code sent to their mobile device in addition to their password.

This helps prevent unauthorized access to customer accounts.

Conclusion

PU Prime stands out as a reputable and reliable broker in the online trading industry.

Its robust regulatory framework, competitive trading conditions, and comprehensive range of trading platforms make it an excellent choice for both novice and experienced traders.

The wide variety of trading assets, coupled with top-notch customer support and educational resources, further enhances its appeal.

Whether you are a beginner looking to start your trading journey or an experienced trader seeking advanced trading tools and low-cost trading, the broker offers a versatile and secure trading environment to meet your needs.

Visit official website: www.puprime.com

User Reviews

“I’ve been trading with them for over a year now, and I must say the experience has been phenomenal. The spreads are extremely low, and the platform is very user-friendly. Their customer support is quick to respond, which is a big plus for me.”
John Smith
“PU Prime offers a wide range of trading assets, which is perfect for diversifying my portfolio. I particularly like their MT5 platform. However, I did face some issues with the payment methods as they are relatively limited.”
Jane Doe
“Their educational resources have been incredibly helpful. As a beginner, I found their tutorials and webinars to be very informative. I highly recommend PU Prime for anyone looking to start trading.”
Michael Johnson
“While the trading conditions at PU Prime are excellent, I did find their customer attention to be lacking at times. There were instances when I had to wait for hours to get a response. They need to improve this aspect.”
Emily Brown
“I’ve had a mixed experience. On one hand, their spreads, and trading platforms are top-notch. On the other hand, the inactivity fee is a bit of a downside. Overall, it’s a good broker, but there’s room for improvement.”
Chris Evans

Featured Video

Frequently Asked Questions (FAQ)

Is PU Prime regulated?

Yes, the company is regulated by several reputable bodies, including ASIC, CySEC, BaFin, MAS, and more.

What is the minimum deposit?

The minimum deposit is $50.

Does it offer a demo account?

Yes, PUPrime offers a demo account for users to practice trading before investing real money.

Are there any deposit or withdrawal fees?

No, this broker does not charge any deposit or withdrawal fees.

What trading platforms does it offer?

PU Prime offers both MT4 and MT5 trading platforms.

Does this broker support copy trading?

Yes, PU Prime supports copy trading.

Is there an inactivity fee?

Yes, PU Prime charges an inactivity fee after 6 months of inactivity.

Resources

      Our experts

      This article has been written, edited and reviewed by the following members of our team:

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: June 2024