PU Prime Forex Broker

Broker Name PU Prime Registered CountryAustraliaFounded in2016RegulationRegulated by ASIC, FSA, and FSCAMarket InstrumentsForex, Indices, Metals, Commodities, Shares, Cryptocurrencies, ETFs, and BondsAccount TypesStandard, ECN, Cent and PrimeDemo AccountYes ($100,000 virtual capital)Maximum Leverage1:1000Trading PlatformMT4, MT5, WebTrader, or the PU Prime AppMinimum Deposit$20Deposit & Withdrawal MethodBank Transfer, MasterCard, VISA, Neteller, Skrill, BTC/USDT, AliPay, FasaPAY, UnionPayNegative balance protectionYesPU Prime Information PU Prime is a forex and CFD broker that was founded in 2016 and is based in Australia, offering popular instruments, including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs. PU Prime provides five different account types including Cent, Standard, Prime, ECN, Islamic, with each account offering different features and benefits such as minimum deposit requirements, spreads, and leverage. Leverage offered by PU Prime ranges from 1:500 to 1:1000. The minimum deposit required to open an cent account with PU Prime is $20. Regard trading software, PU Prime offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients, known for its user-friendly interface and advanced trading tools.Is PU Prime Legit? PU Prime is regulated by multiple authorities across different jurisdictions. It is regulated by the Australia Securities & Investment Commission (ASIC) with a Market Making license, by the Seychelles Financial Services Authority (FSA) with a Retail Forex license, and holds general registration with the Financial Sector Conduct Authority (FSCA) in South Africa.Regulatory AgencyCurrent StatusLicense TypeRegulated ByLicense No.Australia Securities & Investment CommissionRegulatedMarket Making (MM)Australia000410681The Seychelles Financial Services AuthorityOffshore RegulatedRetail Forex LicenseSeychellesSD050Financial Sector Conduct AuthorityGeneral RegistrationFinancial Service CorporateSouth Africa52218Pros and ConsProsConsRegulated by FSA, ASIC and FSCALimited range of trading instrumentsMultiple account typesNo 24/7 customer supportNegative balance protectionNo proprietary trading platformLow minimum depositLimited bonuses and promotionsHigh leverage up to 1:1000MetaTrader 4 & 5 supportedMobile trading availableWide selection of payment methodsMarket 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 ProductAvailableForex✅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 but does not support Islamic accounts.Account TypeStandard AccountPrime AccountECN AccountCent AccountMinimum Deposit$50$1,000$10,000$20SpreadsFrom 1.3 pipsFrom 0.0 pipsFrom 0.0 pipsFrom 1.3 pipsCommissionNo$3.5 per side/lot$1 per side/lotNoLeverageUp to 1000Up to 1000Up to 1000Up to 1000Min. Trade Size0.01 lots0.01 lots0.01 lots0.01 lotsConditions Apply ToAll ProductsForex, Spot Metals, Crude Oil, IndicesForex, Spot Metals, Crude Oil, IndicesAll ProductsBase CurrenciesUSD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPYUSD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPYUSD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPYUSDPlatformsMT4/MT5, WebTrader, Mobile AppMT4/MT5, WebTrader, Mobile AppMT4/MT5, WebTrader, Mobile AppMT4/MT5, WebTrader, Mobile AppAvailable as Islamic Account?YesYesNoYesFees 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: 1000Fee TypeDetailsAccount Opening or MaintenanceNoneDepositsNo handling fees, but some methods may incur charges.WithdrawalsFirst withdrawal via bank transfer is free; others incur a $20 fee (or equivalent).RolloverRollover fees apply on futures, credited back to maintain neutral position.Administration FeeIslamic accounts incur a variable administration fee.Dividend AdjustmentsShort positions on dividend stocks incur the dividend charge.Trading Platform PU Prime offers two choices of the most popular trading platforms in the industry: MT4 and MT5. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options. Traders can also use Expert Advisors (EAs) and algorithmic trading strategies through these platforms. PU Prime also provides PU Prime App and Web Trader.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, facilitated through the PU Social app, can enhance the trading experience, especially for those new to the financial markets. By using PU Social, users can easily select and follow master traders. This allows them to replicate the trading strategies and results of seasoned professionals directly in their own accounts. Simply choose a professional trader within the app, and start copying their trades to begin seeing similar results in your own trading activities. This feature not only simplifies the learning curve but also provides a practical way to potentially increase trading success by leveraging the expertise of experienced traders. Customer Support PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/5, from Monday to Friday. 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. Additionally, the broker does not offer any bonuses or promotions to its clients, which may be a disadvantage for traders looking for incentives to trade.BrokerFounded YearRegulationMinimum DepositSpreads and CommissionsInstrumentsTrading PlatformsFunding MethodsPU Prime2016FSA$20Variable spreads from 0.0 pipsForex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFsMT4, MT5Bank wire, Credit/debit card, Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and moreAvaTrade2006ASIC, Central Bank of Ireland, FSCA, FSA, FSC, BVIFSC$100Variable spreads from 0.9 pipsForex, Indices, Commodities, Cryptocurrencies, Stocks, ETFs, BondsMT4, MT5, AvaTradeGO, AvaOptionsCredit/debit card, Bank transfer, PayPal, Skrill, Neteller, WebMoneyXM2009ASIC, CySEC, IFSC$5Variable spreads from 0.0 pipsForex, Indices, Commodities, Cryptocurrencies, Metals, Stocks, EnergiesMT4, MT5Credit/debit card, Bank wire transfer, Skrill, Neteller, WebMoney, and morePepperstone2010ASIC, FCA, DFSA, SCB$200Variable spreads from 0.0 pipsForex, Indices, Commodities, Cryptocurrencies, StocksMT4, MT5, cTraderCredit/debit card, PayPal, POLi, Bank transfer, Neteller, SkrillIG1974ASIC, FCA$0Variable spreads from 0.6 pipsForex, Indices, Commodities, Cryptocurrencies, Stocks, BondsMT4, IG Web Platform, L2 Dealer, ProRealTime, APIsCredit/debit card, Bank transfer, PayPal, BPAYFAQs 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 trading platforms are available at PU Prime? PU Prime offers both the MT4 and MT5 trading platforms. 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.