PU Prime is a global broker with its headquarters in Australia and offices located all across the world. Established in 2015, the broker boasts a presence in over 120 different countries. With such a wide outreach , it should come as no surprise that they also serve over 200,000 accounts. In order to cater to its global client base, PU Prime offers support in 17 different languages.

At PU Prime, clients can take advantage of trading in all the major asset classes, which include forex, global shares, commodities, and the increasingly popular cryptocurrencies. PU Prime has even made it possible to deposit using some of the largest cryptocurrencies, showing their commitment to remaining at the cutting edge of technology in the financial markets.

It was good to see several account types available at the brokerThere are three basic account types, plus an Islamic account and a demo account, which strikes a good balance.

As is common with many brokers, the platforms offered at PU Prime include the award-winning MetaTrader 4 and MetaTrader 5 platforms. There is also a proprietary mobile app. Because the MetaTrader platforms are so popular, most traders are likely already familiar with them, so that certainly helps speed the onboarding process. It also gives traders the ability to use the Autochartist plugin for MT4, along with any other plugins they might already be familiar with.

The broker 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 Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority.

The rest of this review will go into greater detail regarding the offerings, accounts, and conditions available from PU Prime.

Regulations

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. However, the regulation of the broker is through the Seychelles Financial Services Authority (FSA). 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.

It should be noted that while the Seychelles FSA does provide regulation, they are widely considered an offshore regulator. Still, they do require any regulated firms to possess a minimum of $50,000 in capital, along with a minimum of two directors and two shareholders. Unfortunately, this regulator has no requirement to keep user funds segregated, but PU Prime does that anyway as it is an industry standard for keeping client funds safe.

Account Types

PU Prime offers a number of account tiers, but keeps it pretty manageable with just three primary tiers and two additional account types. It’s a good system as it allows traders to choose the account that’s best suited to their personal requirements and preferences.

The most basic account is the Cent account, and it is primarily for beginner traders who are looking to begin trading without making a large commitment. This account has an ultra-low minimum deposit of $20. It also has a maximum amount of $1,000. Spreads are still competitive, starting at 1.3 pips, and there are no commissions.

Once a trader reaches the $1,000 maximum in the Cent account, or if they feel comfortable trading already, the Standard account is the next tier. The minimum deposit here is also a very reasonable $50, with no maximum. Spreads also begin at 1.3 pips with this account, and there are no commissions.

Those with some trading experience under their belt can opt for the Prime account, which features a $1,000 minimum deposit with spreads that begin at 0 pips, and commissions of $3.50/lot per side.

Besides these all-purpose accounts, there’s also an Islamic account created specifically for those who follow the Muslim faith and Sharia Law. These accounts are free from overnight fees, and have a low $50 minimum deposit. Spreads start at 0 pips, and commissions range from $0 to $3.50/lot per side.

All accounts come with tools like Expert Advisors (EA), Auto chartist, 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 that goes as high as 1:500.

Finally, there is also a demo account available at PU Prime. This demo account is meant for beginner traders, and it’s a great way to gain an understanding of how the markets and trading works. It gives anyone the opportunity to try out trading without taking on any financial risk. I would highly recommend starting out with a demo account to become familiar with the trading conditions at the broker.

Available Assets

PU Prime gives its clients access to six major asset classes, including the popular asset class of cryptocurrencies.

These are the major asset classes available:

· Forex – There are 41 forex pairs offered at PU Prime, from all the majors to minors and some exotic pairs too.

· Shares – Clients can take advantage of a wide variety of global shares as CFDs, including the ability to benefit from dividend payouts.

· Indices – Trade an extensive list of indices including the Dow Industrials, Germany’s DAX, and Japan’s Nikkei 225.

· Metals – PU Prime offers the chance to trade CFDs on precious metals like gold and silver with competitive spreads and high leverage.

· Commodities – In addition to trading precious metals, clients can also trade on agricultural commodities and energy contracts.

· Cryptocurrency – Trade on cryptocurrency prices without the technical knowledge required to hold cryptocurrencies, like private keys, wallets, and network fees.

Trading Platforms

At PU Prime, traders can take advantage of the award-winning MetaTrader 4 platform, which is considered the gold standard by forex traders. It’s been a leading trading platform for nearly two decades, and remains one of the most widely used platforms. That’s because it comes with robust charting and analysis tools, including the ability to use a huge variety of plugins and Expert Advisors that can help to automate trading.

One of those plugins is called Autochartists, and PU Prime offers this MT4 plugin for free. Autochartist is 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.

Those who prefer a more modern experience can choose the MetaTrader 5 platform. MetaTrader5 is the updated version of the award-winning MetaTrader 4 platform. It was designed to include trading capability for CFDs, stocks, and other assets besides forex. It is also extremely popular and one of the most frequently offered platforms by online brokers.

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.

Banking

PU Prime allows for deposits via a number of methods, which include bank transfers, credit cards, e-wallets, and cryptocurrencies. There are no maximum deposit amounts with e-wallets and cryptocurrencies. However, there are maximums associated with bank transfers and credit cards based on your area of jurisdiction. PU Prime does not charge any withdrawal fees. However, your chosen payment gateway may charge a fee. The minimum withdrawal amount is $40. Withdrawals to e-wallets and cryptocurrencies are automatic, credit card withdrawals can take up to 3 business days, and withdrawals to a bank account can take up to 5 business days.

Customer Service

As a global broker, PU Prime offers customer service in 17 different languages, which is extremely helpful to many of its clients who prefer to communicate in their native language. Support is available on a 24/5 basis, which is consistent with the online broker space. Customer service can be contacted via an online chat function, email, or telephone.

Phone: +248 4671 948
Email: info@PUprime.com

In Conclusion

When looking for a new broker, it’s always good to see a long history of success, and with seven years in business, 200,000 accounts, and over 130,000 clients, PU Prime certainly ticks that box. It would be nice if they had better regulation, but many brokers are quite good at regulating themselves, and PU Prime seems to fall into this category.

Having access to support in your native language, presuming that’s one of the 17 languages PU Prime offers, is always a bonus as it makes communication so much easier.

Most clients are likely familiar with the MetaTrader 4 and MetaTrader 5 platforms, making the learning curve flatter. Having access to Autochartist in MT4 is also a good way to provide powerful research and charting tools.

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