Company Name
PU Prime Ltd
Company Abbreviation
PUPRIME
Platform registered country and region
Mauritius
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
| Broker Name | PU Prime |
| Registered Country | Australia |
| Founded in | 2015 |
| Regulation | FSA, FSC（Mauritius）, ASIC, FSCA, CMA |
| Market Instruments | Forex, Indices, Metals, Commodities, Shares, Cryptocurrencies, ETFs, and Bonds |
| Account Types | Standard, ECN, Cent and Prime |
| Demo Account | Yes ($100,000 virtual capital) |
| Maximum Leverage | 1:1000 |
| Trading Platform | MT4, MT5, PU Web Trader, or the PU Prime App |
| Minimum Deposit | $20 |
| Deposit & Withdrawal Method | Bank Transfer, MasterCard, VISA, Neteller, Skrill, BTC/USDT, AliPay, FasaPAY, UnionPay |
| Negative balance protection | Yes |
PU Prime Information
PU Prime is a forex and CFD broker founded in 2015 and headquartered in Australia. The broker provides global traders with access to a wide range of financial instruments including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, and ETFs.
PU Prime operates under multiple regulatory frameworks across different jurisdictions. The broker is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles, the Financial Services Commission (FSC) in Mauritius, the Financial Sector Conduct Authority (FSCA) of South Africa (License No. 52218), and also references regulatory oversight from the Capital Markets Authority (CMA).
PU Prime offers several account types including Cent, Standard, Prime, ECN, and Islamic accounts, designed to meet the needs of traders with different experience levels and trading strategies. Each account type features varying spreads, leverage levels, and deposit requirements.
Leverage offered by PU Prime ranges from 1:500 to 1:1000, and the minimum deposit required to open a Cent account starts from $20, making the broker accessible to beginner traders.
Is PU Prime Legit?
PU Prime is regulated across several jurisdictions. The broker holds regulatory oversight from the Australian Securities and Investments Commission (ASIC) under a Market Making (MM) license. It is also regulated by the Financial Services Authority (FSA) in Seychelles with an offshore derivatives trading license and the Financial Services Commission (FSC) in Mauritius with an active securities trading license.
In addition, PU Prime references regulatory coverage from the Financial Sector Conduct Authority (FSCA) of South Africa (License No. 52218) and the Capital Markets Authority (CMA), further strengthening its global regulatory presence.
Pros and Cons
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Market Intruments
PU Prime offers some popular instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.
In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.
Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.
Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.
| Trading Product | Available |
|---|---|
| Forex | ✅ |
| Metals | ✅ |
| Indices | ✅ |
| Commodities | ✅ |
| Shares | ✅ |
| ETFs | ✅ |
| Bonds | ✅ |
Account Types
As for trading accounts, four options are available: Cent, Standard, Prime, and ECN.
All account types offer high leverage (up to 1000x), support MT4/MT5 platforms, and mobile apps, with most available as Islamic accounts. The Standard and Cent accounts are suitable for beginners and low-risk traders, with low minimum deposits and no commission fees. The Prime and ECN accounts cater to high-frequency traders, offering lower spreads and faster execution but requiring higher minimum deposits and charging commissions. The ECN account provides quotes directly from tier-1 liquidity providers and is also available as an Islamic (swap-free) account.
| Account Type | Standard Account | Prime Account | ECN Account | Cent Account |
|---|---|---|---|---|
| Minimum Deposit | $50 | $1,000 | $10,000 | $20 |
| Spreads | From 1.3 pips | From 0.0 pips | From 0.0 pips | From 1.3 pips |
| Commission | No | $3.5 per side/lot | $1 per side/lot | No |
| Leverage | Up to 1000 | Up to 1000 | Up to 1000 | Up to 1000 |
| Min. Trade Size | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
| Conditions Apply To | All Products | Forex, Spot Metals, Crude Oil, Indices | Forex, Spot Metals, Crude Oil, Indices | 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 |
| Available as Islamic Account? | Yes | Yes | Yes | Yes |
Fees
PU Prime offers different fees based on account types (Standard, Prime, ECN).
For Forex trading, spreads range from 1.6 pips for Standard accounts to 0.2 pips for Prime accounts.
Commission fees are applied for Prime and ECN accounts, while Standard accounts have no commission.
Swaps vary by product, with positive or negative charges depending on the position (long or short).
Example：
- AUDUSD (Australian Dollar vs US Dollar)
- Spread: 1.6 pips (Standard), 0.2 pips (Prime), 1 pip (ECN)
- Commission: None for Standard, commission rates are applied for Prime and ECN accounts.
- Swap (Long/Short): -0.81 (Long), -0.15 (Short)
- Max Leverage: 1000
| Fee Type | Details |
|---|---|
| Account Opening or Maintenance | None |
| Deposits | No handling fees, but some methods may incur charges. |
| Withdrawals | First withdrawal via bank transfer is free; others incur a $20 fee (or equivalent). |
| Rollover | Rollover fees apply on futures, credited back to maintain neutral position. |
| Administration Fee | Islamic accounts incur a variable administration fee. |
| Dividend Adjustments | Short positions on dividend stocks incur the dividend charge. |
Trading Platform
PU Prime offers three choices of the most popular trading platforms in the industry: MT4, MT5, PU Web Trader, PU Prime App. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options.
Deposit & Withdrawal
PU Prime offers over 10 deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.
Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method.
PU Prime Copy Trading
PU Prime's copy trading feature, available through the PU Prime App, enhances the trading experience, especially for those who are new to financial markets.
Through the PU Prime App, users can easily select and follow experienced master traders. By copying the strategies of professional traders, users can automatically replicate trades in their own accounts.
Simply choose a professional trader within the app and start copying their trades to potentially achieve similar trading results.
This feature simplifies the learning curve and allows traders to benefit from the expertise of experienced market participants.
Customer Support
PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/7. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more.
Conclusion
PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to satisfy the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis.
However, the minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep.
FAQs
What tradable instruments does PU Prime offer?
PU Prime offers access to popular trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.
What is Autochartist and does PU Prime offer it?
Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.
Is PU Prime good for beginners?
Yes, Pu Prime is a solid choice for beginners, as it is a strictly regulated broker that allows low-budget trading, and it also offers both MT4 and MT5 and solid educational contents.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.
