PU Prime Review - Pros & Cons Revealed

Editor’s Verdict

PU Prime upgrades the MT4 platform with the Autochartist plugin, presenting a reasonable cost structure for most traders. This broker offers an ultra-low pricing environment for portfolios above USD 10,000 but has been experiencing increasing customer discontent since 2023. Other notable features include social and copy trading on its proprietary mobile app, which has 500K+ downloads and a well-balanced asset selection. My review of PU Prime analyzed all trading conditions to determine if this broker provides clients with a competitive edge. Should you fund a trading account at PU Prime?

Overview

PU Prime provides ultra-low trading fees for $10,000+ portfolios.

PU Prime Five Core Takeaways:

• MT4 upgrade via Autochartist
• Ultra-low, commission-based trading fees available for $10,000+ portfolios
• Algorithmic, copy, and social trading support
• Well-balanced asset selection covering seven sectors

PU Prime Regulation & Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation status and verify it with the relevant regulator by double-checking the provided license number with their database. PU Prime has one regulated subsidiary with a clean record.

PU Prime is an approved broker member of the Hong Kong-based Financial Commission, which provides every PU Prime trader with a €20,000 compensation fund. The Financial Commission is an unbiased third-party mediation platform, adjudicating any disputes arising between approved broker members and their clients.

Is PU Prime Legit and Safe?

My PU Prime review found no verifiable misconduct or malpractice by this broker per its regulator.

PU Prime regulation and security components:

• Regulated by the Seychelles FSA
• Founded in 2015
• Segregation of client deposits from corporate funds
• Negative balance protection

Fees

I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact a trader's profitability. PU Prime has an expensive commission-free cost structure for three accounts, one competitive commission-based option, and an ultra-low commission-based alternative for portfolios above $10,000+.

PU Prime features one of the cheapest trading fees for ECN traders and is an excellent choice for scalpers, high-frequency traders, and other short-term strategies. Traders who deposit less than $1,000 must accept above-average costs and consider if the PU Prime environment delivers an edge for their requirements.

There are no deposit or inactivity fees at PU Prime, but withdrawal costs may apply. Traders could also face third-party payment processing costs or currency conversion fees, which PU Prime does not control.

The minimum trading costs for the EUR/USD at PU Prime are:

Here is a snapshot of PU Prime trading fees:

The most ignored trading costs are usually swap rate markups on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them when evaluating the total trading costs.

MT4/MT5 traders can access swap rates from their platform by following these steps:

1. Right-click the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.

Below is an illustration of trading cost examples for buying and selling EUR/USD, holding the trade for one night and seven nights in the commission-based PU Prime account.

Taking a 1.0 standard lot buy/sell position in the EUR/USD, at the average spread and holding it for one night in the PU Prime account will cost the following:

Taking a 1.0 standard lot buy/sell position in the EUR/USD, at the average spread and holding it for 7 nights in the PU Prime account will cost the following:

Noteworthy:

• PU Prime offers positive swap rates on qualifying assets, allowing traders to earn money when holding certain positions that attract positive financing, like in the example above.

PU Prime Trading Hours

Range of Assets

Traders at PU Prime do benefit from a well-balanced asset selection covering seven sectors. I like the choice of metals and commodities, available as cash and futures contracts. PU Prime also maintains a good choice of indices and sufficient bond CFDs for active traders. PU Prime notes cryptocurrencies in one section but omits it elsewhere. I prefer more clarity, as the current presentation leaves traders needing clarification.

During my PU Prime review, the available ETFs sufficed to introduce traders to the sector, but they need to be improved for dedicated ETF traders wanting a wide range. The choice of equity CFDs covers blue-chip names in the US and the EU but needs to provide more exposure for a well-diversified equity portfolio.

I like the overall mix of assets, as they provide most traders with sufficient options, but I wish PU Prime would expand on its choice of ETFs.

PU Prime offers the following assets:

• 49 currency pairs
• 20 commodities
• 28 indices
• 51 ETFs
• 7 bonds
• 400+ equity CFDs

PU Prime Leverage

What should traders know about PU Prime leverage?

• Maximum retail Forex leverage is 1:1000 in all accounts.
• The same applies to index and commodity traders.
• Bond traders get 1:100.
• ETF traders max out at 1:33.
• Equity CFD traders get 1:20.
• Not all assets within a sector qualify for the maximum leverage stated.
• Negative balance protection exists, ensuring traders cannot lose more than their deposit.
• Traders must always use appropriate risk management with leveraged trading to avoid magnified trading losses.

Account Types

PU Prime maintains three commission-free accounts (Cent, Standard, and Pro), one commission-based option (Prime), and one ultra-low-cost alternative (ECN). Islamic accounts are available for Standard, Prime, and Cent accounts, but PU Prime replaces swap rates with other administrative fees.

The minimum deposit is $20 for Cent, $50 for Standard and Pro, $1,000 for Prime, and $10,000 for ECN. PU Prime accepts USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY as account base currencies. No restrictions apply to algorithmic trading, scalping, and hedging-type strategies.

PU Prime Demo Account

Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Therefore, I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.

What stands out about the PU Prime demo account?

• PU Prime offers MT4/MT5 demo accounts.
• Traders can choose their trading platform, account base currency, leverage, and demo deposit balance.
• Demo accounts have no expiry as long as they remain active.
• There is no limit on how many demo accounts traders can open.

Trading Platforms

Traders can choose between the Autochartist-upgraded MT4 trading platform and the out-of-the-box MT5, both available as a powerful desktop client application; a web-based alternative is available as is the popular mobile app. Both trading platforms support algorithmic trading and have an embedded copy trading service. Traders can upgrade MT4 via 25,000+ custom indicators, templates, and EAs, while MT5 has 10,000+ indicators.

Forex traders can use MT4 or MT5, but PU Prime requires traders to use MT5 for access to all stated asset classes. PU Prime also offers its proprietary mobile app, the only one supporting in-house social and copy trading services. It has 500K+ downloads.

Overview of Trading Platforms

Unique Features

During my PU Prime review, the ultra-low trading fees in the ECN account stood out. The in-house social and copy trading services are also noteworthy and represent an area where PU Prime could grow its market share. The availability of both services underscores the understanding of the differences between both, and I applaud the PU Prime management for it.

Research & Education

MT4 traders can get excellent market research within the trading platform via Autochartist. PU Prime publishes quality daily market commentary, which includes actionable trading setups. With the social and copy trading services, PU Prime relies on the community for the bulk of research, but it maintains a quality mix of services.

What about education at PU Prime?

Beginners get dozens of educational articles, 25 short videos, and 5 e-books. The videos are from a third party and are labelled as PU Prime content, which is fine. I like that PU Prime touches on trading psychology, but I wish it offered more in-depth content. Overall, the PU Prime education section is capable of introducing beginners to trading, from where they can build upon their knowledge base.

My conclusion:

• PU Prime provides a quality foundation for beginners to start their education.
• I recommend beginners seek further in-depth education from third parties after taking advantage of the PU Prime content, especially on trading psychology and the relationship between leverage and risk management.
• Avoid paid-for courses and mentors.

Customer Support

Traders can access PU Prime customer support 24/7 in 18 languages. PU Prime offers support via e-mail, phone, and live chat, but I recommend the FAQ section before contacting a customer support services representative, as it answers many common questions. PU Prime explains its products and services well, limiting or eliminating the need for customer support. I had no reason to contact customer support during my PU Prime review.

Bonuses and Promotions

Customer Support Methods
Support Hours	24/7
Website Languages	EN ES AR IT FR DE JP ZH RU PT TH PL Other

During my PU Prime review, traders had several bonuses and promotions available. Some arguably promote poor trading behaviour, forcing traders to deal in select assets or a non-withdrawable bonus. Terms and conditions apply, and traders must read and understand them before accepting PU Prime bonuses.

Traders receive the following PU Prime bonuses and promotions:

• A US NFP prediction worth $150.
• Mobile app-based promotion where traders must complete specific tasks for points, which they can use to spin a wheel for rewards.
• A 50% deposit bonus.
• A refer-a-friend free referral bonus per referral.
• A volume-based rebate program up to a maximum of $10,000.
• A 20% withdrawable rebate on the first deposit.

Opening an Account

The PU Prime account application only asks for the country of residence, first name, e-mail, and desired password. Clicking “Create Account” completes the registration.

What should traders know about the PU Prime account opening process?

• PU Prime complies with global AML/KYC requirements.
• Account verification is mandatory.
• Most traders pass verification by uploading a copy of a government-issued ID and one proof of residency document.
• PU Prime may ask for additional information on a case-by-case basis.

Minimum Deposit

The PU Prime minimum deposit is $20 for the Cent account, $50 for Standard and Pro, $1,000 for Prime, and $10,000 for ECN.

Payment Methods

PU Prime accepts bank wires, credit/debit cards, Skrill, Neteller, JBC, and FasaPay. Localized deposit methods exist for traders in Canada, Korea, Vietnam, Indonesia, Myanmar, and the Philippines.

Withdrawal options
Deposit options

Accepted Countries

PU Prime accepts persons resident in most countries but singles out the US, Singapore, Australia, China, and Russia as restricted countries. It also adds that it does not accept traders from “some other regions, and is not intended for distribution to, or use by, any person in any countries or jurisdictions where such distribution or use would be contrary to local law or regulation.”

Deposits and Withdrawals

The secure PU Prime back office manages financial transactions for verified clients.

What are the key takeaways from the deposit and withdrawal process at PU Prime?

• PU Prime does not levy internal deposit fees.
• The minimum deposit requirement is $50 for all payment processors, invalidating the $20 minimum deposit requirement for the Cent account.
• Select payment processors have maximum deposit amounts.
• Deposit processing times are instant to near-instant for most payment processors.
• The minimum withdrawal amount is $40.
• Internal bank wire withdrawal fees of $20 apply from the second monthly withdrawal request.
• PU Prime processes withdrawal requests within one business day.
• It can take up to five business days for funds to arrive, but most payment processors have instant to near-instant processing once PU Prime approves a withdrawal.
• Traders may face third-party payment processing charges.
• The availability of payment processors depends on the geographic location of traders.
• The name on the payment processor and PU Prime trading account must match in compliance with AML regulations.

Is PU Prime a good broker?

I like the trading environment at PU Prime for high-volume traders with portfolios exceeding $10,000, as the trading fees are ultra-low. My PU Prime review also revealed the quality of social and copy trading services via the proprietary PU Prime mobile app. Volume-based rebates exist but max out at $10,000. PU Prime offers research services by Autochartist, integrated with the MT4 trading platform, but traders must use MT5 to access the complete range of asset selection. My PU Prime review found no verifiable misconduct or malpractice.

FAQs

Is PU Prime FCA regulated?

PU Prime is not FCA-regulated.

How long does PU Prime withdrawal take?

PU Prime processes withdrawals within one business day, but it can take up to five business days for traders to receive their funds.

Is PU Prime reliable?

PU Prime has 8+ years of operational history, making it a dependable broker, but traders should consider the negative comments about some trading and withdrawal aspects from 2023.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.