Company Profile
| 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.
FX1520506539
Hong Kong China
Fraudulent platforms refuse to process withdrawals, not allowing a single penny of profits to be withdrawn—only the principal amount is permitted.
Exposure
新经济
Hong Kong China
Scam platform—played for just one day and they won't let me withdraw my profits. Total rip-off, everyone stay away!
Exposure
胡启
Hong Kong China
Unable to withdraw or deposit funds. When you make profits trading on the platform, they refuse to process withdrawals. They sent an email claiming I'm on their internal blacklist for no apparent reason. Contacted online customer service, who told me to reach out to other agents—no solutions offered, just endless buck-passing. I provided all documents requested by customer service as required, yet received no response. Classic scam platform. If you can't handle the consequences, stay away from this nonsense.
Exposure
ALI HAMAMJI
Turkey
I am start to trade from 2009 to today My best and favourite broker.
Positive
FX1749740639
Hong Kong China
Unable to withdraw or deposit funds. The email indicates being on an internal blacklist. Contacting customer service only leads to delays with no solution provided. Reaching out to the official email still results in stalling, claiming there is an account manager to resolve the issue. However, neither the emails nor the feedback from customer service have shown any contact details for this so-called account manager.
Exposure
FX3978418026
Hong Kong China
A pure scam platform that prevents withdrawals of profits.
Exposure
奥利给11
Hong Kong China
. After recharging and trading, the principal and profits cannot be withdrawn. The withdrawal window is closed and the text message shows a blacklist. What does it mean? Request resolution!
Exposure
Brooks Rly
Italy
A big surprise! Spreads I was offered by demo accounts were similar to my MT4 trading account. I started real trading not long before, but this is encouraging. I am considering opening a Prime account, which offers raw spreads.
Positive
rich457
South Korea
I have been using it for 3 years. Deposits and withdrawals are working well and are being used stably. Recommended for anyone doing FX trading.
Positive
Peter6730
Nigeria
PU Prime is a good platform to trade the global financial market, their education is top notch, customer relation very effective and efficient. Their trading condition such as spread, swap, leverage and even bonuses is very realistic. For me trading in the global financial market space has been a jolly ride because of this broker. Thanks to the amazing PU Prime team.
Positive
FX2212284003
Nigeria
PUPRIME is a good platform to trade and grow with. I can see a few unpalatable experiences but my experience has been good. I got good training from the Nigerian team, who have supported me well. I don't have issues with my deposit and withdrawal. I have signed up with them to be a partner. All is good.
Positive
미순
South Korea
The transaction is doing well. Thank you for introducing a good exchange.
Positive
A·Nur
Hong Kong China
At 8:30 pm on August 4, 2023, when the United States released data, it took advantage of the violent market fluctuations to manipulate the actual price of the product. See the screenshot for details.
Exposure
交易者123888
Hong Kong China
Account 751119. Return my money. You have to have a decent reason to be a bandit. Don't you feel shame when you say management fees?
Exposure
交易者123888
Hong Kong China
Robbery, it’s the first time I heard that there will be an account management fee of more than 500 US dollars
Exposure
FX3906208521
Taiwan, China
I have used it for 5 or 6 years, and there is no problem with deposits and withdrawals. The service speed of the business king is very fast, and he has been in the industry for a long time. He is very clear about customer needs. The fly in the ointment is that funds in cents and US dollars cannot be transferred to each other, and mainland China cannot Opening a cent account, hope there is room for improvement!
Positive
Tiiwasit Sawatchai
Thailand
Speaking of which, this platform has many advantages, such as free deposit, low deposit threshold, demo account, direct market access, and multilingual customer support. But the more troublesome point is that the withdrawal is not very smooth. This platform is regulated offshore, which is not as good as those traders regulated by large regulatory agencies such as FCA and ASIC.
Positive
FX1159891198
Singapore
I have used this platform a long time ago, and overall it is not bad, and the deposit and withdrawal are handled very neatly. The trading conditions provided by tmgm are comparable, and they are all quite superior. They also provide a series of learning resources such as technical analysis, e-books, trading blogs, how-to videos, and more. Live and learn! 💪
Positive
谢谢
Hong Kong China
I have been trading on the platform for more than half a year, and everything has been normal. Later, when I made a profit, the platform restricted me from trading. Rather than withdrawing. I would like to ask if the platform is like this? Only make customers lose money. Is it illegal for customers to make money? Everyone should be careful when trading at this platform. Losing money is a normal transaction, and making a profit is illegal.
Exposure
ATK
Hong Kong China
My trading account number is 693141. I opened an account in February and traded until June. I made a deposit with UnionPay. On June 13, I was rejected for withdrawing money with cryptocurrency. Then I could not submit a withdrawal application when I used UnionPay to withdraw money. The reason, contact the customer service, the customer service asked me to contact the customer manager, the customer manager sent me an email and only replied that I have a violation, and I have to deduct the profit before I can withdraw the money (the money is with you, if you think that the violation is a violation, I accept it), but They don't have anyone contact me now, they don't mention my list of violations, they don't reply to emails or emails, and they unbind my UnionPay card yesterday, thinking that my UnionPay card has expired (the UnionPay card needs to be bound to apply for withdrawal of gold) card), the account still cannot apply for withdrawal
Exposure
FX1842529055
Hong Kong China
My withdrawal from PU Prime on June 13 has not arrived. They say that they already made the transfer, but I have not received it. They do not explain anything.
Exposure
ghhvvh
Hong Kong China
Fraud platform. It is able to trade but cannot withdraw. It cannot withdraw even 1000 dollars. What kind of platform it is.
Exposure
波塞冬72710
Hong Kong China
I do not want to trade at this small platform anymore. The withdrawal of 93 dollars deducts 20 dollar handling fees. It can only contact via email. I ask the customer serivce and it said that they have hint that withdrawal for less than 100 dollars has a 20 dollars handling fee. I check on the website and there is only small line for the hint. I can only blame myself for careless. I admit it. I ask other platform and they only charge 3 dollars at most. I remind everyone to stay away from this kind of small platform.
Exposure