PU Prime Review

PU Prime was founded in 2015 and has steadily grown over the years into a large, recognised broker that serves clients from all over the world. The company now does business across multiple regions, holds a number of regulatory licences, and provides access to a very broad range of tradable markets. Over time, they have become a popular choice with traders who want a mix of popular platforms, competitive pricing, high leverage and a good choice of instruments.

PU Prime is regulated by a number of regulators around the world, including the FSC (Mauritius), ASIC (Australia), FSA (Seychelles), and FSCA (South Africa). As with most reputable brokers today, client funds are kept in segregated accounts separate from the company’s operating capital, and they have negative balance protection in place for all of their retail clients. PU Prime is also a member of the Financial Commission, which gives clients extra protection through its Compensation Fund that can cover eligible clients financially if a dispute with the broker goes the way of the client.

Traders can choose between MetaTrader 4 (MT4), MetaTrader 5 (MT5), the PU Prime mobile app, WebTrader, as well as the broker’s own social and copy-trading platforms. All platforms are available on desktop, web and mobile. Through its platform selection, PU Prime offers access to more than 1,000+ instruments, including forex, indices, metals, commodities, share CFDs, ETFs and bonds. The full product range is available across all of their account types, which is nice in that it gives traders the flexibility to choose their account type based on pricing and minimum deposit requirements etc, rather than product selection.

PU Prime has four main account types:

• Cent Account: designed for beginners who want to test strategies with lower exposure, using USC (cent) as the base currency. It offers spreads from around 1.3 pips, no commission, and a minimum deposit of just $20.
• Standard Account: the most accessible of the regular accounts, with a $50 minimum deposit, spreads from 1.3 pips, no commission, and suitability for general, everyday trading.
• Prime Account: aimed at more active traders, it provides raw-style spreads from 0.0 pips and charges a commission of $3.50 per side per lot. The minimum deposit is $1,000, making it a competitive option for higher-volume traders.
• ECN Account: the most cost-efficient option for professionals, offering spreads from 0.0 pips with a low $1 per side per lot commission, but requiring a $10,000 minimum deposit.

All account types allow leverage of up to 1:1000 depending on the regulatory entity you sign up with - e.g. ASIC clients are limited to a maximum leverage of 1:30. Swap-free (Islamic) versions are available for each account type, although this is only available to Muslim clients and overnight administration fees apply after certain holding periods.

Deposits and withdrawals are available through multiple channels including international and local bank transfers, credit and debit cards, e-wallets and cryptocurrency. PU Prime does not charge deposit or withdrawal fees, and their processing times are usually pretty fast, with card and e-wallet deposits credited instantly. Also, the broker does not charge inactivity fees on accounts as some brokers do, allowing accounts to remain open without penalty.

For traders who need uninterrupted connectivity for automated trading strategies and need low latency, PU Prime offers a VPS refund programme. Clients who deposit at least $1,000 and meet the required monthly trading volume can get a refund on their VPS subscription.

Education and research are strong areas for PU Prime. They have a comprehensive Trading Academy with structured lessons, quizzes, webinars, video tutorials and e-books, and provide regular market analysis, economic updates and trading tools such as Autochartist, calculators and a market heatmap.

PU Prime also runs a number of promotional campaigns including a 100% deposit bonus up to $1,000 for new clients, ongoing 20% top-up bonuses, a 13% p.a. cashback-style promotion on qualifying balances, and periodic rebate programmes tied to major market events. These offers vary depending on region and regulatory entity, so it is important to check your eligibility and the conditions beforehand.

There are some limitations worth noting. Leverage offered differs significantly depending on regulation - ASIC-regulated clients are limited to 1:30, while those registered under FSA, FSC or FSCA entities can access up to 1:1000. Also, swap-free accounts are offered only to Muslim clients and carry administrative charges if positions/trades are held beyond the permitted period. PU Prime also does not accept clients from the United States, China, India, Singapore, or countries on major sanctions lists.

Overall, PU Prime provides a well-rounded trading setup with competitive pricing, broad market coverage, flexible account options and strong educational resources. Its combination of high leverage (where allowed), range of promotions, good range of instruments and platform choice makes it suitable for both beginners and experienced traders looking for an all-in-one broker that accepts clients from most countries in the world.