PU Prime
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| Leverage | 1:500 |
| Minimum Deposit | $50 |
| Regulation | ASIC, VFSC |
| Year Established | 2015 |
| Payment Methods | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, Crypto |
| Trading Assets | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| MT4 | ✅ |
| MT5 | ✅ |
| Spreads | Very Low |
| Average cost: EUR/USD | 0.3 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| CopyTrading | ✅ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Contact Information | Email: [email protected], Phone: +1-234-567-890 |
| Address | Level 4, Govant Building, Kumul Highway, Port Vila, Vanuatu | Rating | ★★★★☆ 4.7 |
| Website |
Pros and Cons
- High leverage available
- Low minimum deposit
- Multiple payment methods including cryptocurrencies
- Advanced trading platforms (MT4 and MT5)
- Competitive spreads
- Not available in all countries
- No ZuluTrade integration
- Customer support response time can be slow
- Limited educational resources
- Withdrawal process can be lengthy
Introduction
In the ever-evolving and competitive landscape of online trading, selecting a suitable broker is crucial for traders aiming to achieve consistent success.
PU Prime, although a relatively new entrant established in 2015, has quickly garnered attention for its comprehensive suite of services and competitive trading conditions.
This review delves into the regulatory framework, account offerings, trading platforms, customer support, and overall trading experience, providing an in-depth analysis for traders of all levels.
Create a Free AccountRegulation and Security
Regulatory Oversight
Ensuring a broker operates under strict regulatory standards is paramount for traders’ peace of mind and security.
This company is regulated by two prominent financial authorities:
- Australian Securities and Investments Commission (ASIC): Known for its stringent regulatory standards, ASIC ensures high levels of compliance and security, thereby protecting traders’ interests.
- Vanuatu Financial Services Commission (VFSC): While VFSC offers a more flexible regulatory environment, it still mandates essential oversight, ensuring the company adheres to necessary financial standards.
This combination of rigorous ASIC oversight and the more lenient VFSC framework provides traders with a balance of security and operational flexibility.
Security Measures
To safeguard client data and funds, it implements several advanced security protocols, including:
- SSL Encryption: All communications between clients and the broker are encrypted, ensuring data privacy and integrity.
- Segregated Accounts: Client funds are kept in segregated accounts, distinct from its operational funds, to prevent misuse.
- Two-Factor Authentication (2FA): Adds an extra layer of security to account logins, significantly reducing the risk of unauthorized access.
These measures underline its commitment to providing a secure trading environment, which is fundamental for building trader trust and confidence.
Account Types
PU Prime offers various account types tailored to meet the diverse needs of its clientele, from novice traders to seasoned professionals.
Standard Account
Ideal for beginners and those with limited trading experience, the Standard Account features:
- Minimum Deposit: $50
- Leverage: Up to 1:500
- Spreads: From 1.3 pips
- Commission: None
- Trading Platforms: MT4 and MT5
Prime Account
Designed for more experienced traders seeking lower spreads and additional features, the Prime Account includes:
- Minimum Deposit: $1,000
- Leverage: Up to 1:500
- Spreads: From 0.0 pips
- Commission: $7 per lot
- Trading Platforms: MT4 and MT5
Islamic Account
For traders who require Sharia-compliant trading, PU Prime offers Islamic Accounts with the following features:
- Minimum Deposit: $50
- Leverage: Up to 1:500
- Spreads: From 1.3 pips
- Commission: None
- Swap-Free: No swap fees
VIP Account
Catering to high-volume traders, the VIP Account provides premium trading conditions:
- Minimum Deposit: $10,000
- Leverage: Up to 1:500
- Spreads: From 0.0 pips
- Commission: $5 per lot
- Dedicated Account Manager
Comparison Table of Account Types
| Account Type | Minimum Deposit | Leverage | Spreads | Commission | Swap-Free | Trading Platforms | Dedicated Account Manager |
|---|---|---|---|---|---|---|---|
| Standard | $50 | Up to 1:500 | From 1.3 pips | None | Yes | MT4, MT5 | No |
| Prime | $1,000 | Up to 1:500 | From 0.0 pips | $7 per lot | Yes | MT4, MT5 | No |
| Islamic | $50 | Up to 1:500 | From 1.3 pips | None | Yes | MT4, MT5 | No |
| VIP | $10,000 | Up to 1:500 | From 0.0 pips | $5 per lot | Yes | MT4, MT5 | Yes |
These diverse account options ensure that they can accommodate traders with varying needs and preferences, enhancing their overall trading experience.
Trading Platforms
PuPrime grants access to two of the industry’s most reputable trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
These platforms are renowned for their comprehensive tools, user-friendly interfaces, and robust performance.
MetaTrader 4 (MT4)
MT4 is the industry benchmark for retail forex trading, offering:
- User-Friendly Interface: Easy to navigate for both beginners and advanced traders.
- Advanced Charting Tools: Multiple time frames and technical indicators.
- Automated Trading: Supports Expert Advisors (EA) for automated strategies.
- Variety of Order Types: Includes market, limit, and stop orders.
MetaTrader 5 (MT5)
MT5 builds upon the strengths of MT4 with additional features for advanced traders:
- Enhanced User Interface: More time frames and chart types.
- Expanded Order Types: Includes buy stop limit and sell stop limit orders.
- Market Depth: Provides detailed market depth information.
- Integrated Economic Calendar: Tracks important market events.
Mobile Trading
PuPrime also supports mobile trading through MT4 and MT5 apps available for iOS and Android.
Key features include:
- Real-Time Market Quotes: Access to live market data.
- Full Trading Functionality: All order types available.
- Interactive Charts: Customizable with technical indicators.
Comparison Table of Trading Platforms
| Platform | User Interface | Charting Tools | Automated Trading | Order Types | Market Depth | Economic Calendar | Mobile Trading |
|---|---|---|---|---|---|---|---|
| MT4 | User-Friendly | Advanced | Yes | Market, limit, stop orders | No | No | Yes |
| MT5 | Enhanced | Advanced | Yes | Market, limit, stop, buy/sell stop limit | Yes | Yes | Yes |
These platforms ensure traders can conduct thorough market analysis and execute trades efficiently, whether on desktop or mobile devices.
Trading Instruments
PU Prime offers a broad spectrum of trading instruments across various asset classes, enabling traders to diversify their portfolios and explore multiple market opportunities.
Forex
Forex trading is a cornerstone of its offerings, featuring:
- Wide Range of Pairs: Over 60 currency pairs including majors, minors, and exotics.
- Tight Spreads: Competitive spreads starting from 0.0 pips on major pairs.
- High Leverage: Up to 1:500 leverage available.
Commodities
Traders can access popular commodities such as gold, silver, crude oil, and natural gas, with:
- Spot and Futures Contracts: Options for both spot and futures trading.
- Competitive Spreads: Tight spreads on major commodities.
- Diverse Market Access: Energy and precious metals.
Indices
Index trading allows speculation on major stock markets, including:
- Global Indices: US30, UK100, GER30, among others.
- Low Spreads: Competitive spreads for cost-effective trading.
- High Leverage: Up to 1:200 leverage.
Shares
CFD trading on shares from major markets such as the US, UK, and Europe includes:
- Extensive Selection: Access to leading global shares.
- Commission-Free Options: No commission on selected shares.
- Fractional Shares: Flexibility to trade smaller portions of shares.
Cryptocurrencies
With the rise of digital assets, it also offers trading on several cryptocurrencies:
- Major Cryptocurrencies: Bitcoin, Ethereum, Litecoin, etc.
- 24/7 Trading: Continuous market access.
- High Leverage: Up to 1:20 leverage.
Other Assets
Additional asset classes such as bonds and ETFs are also available, providing further diversification options.
Comparison Table of Trading Instruments
| Asset Class | Instruments Available | Key Features |
|---|---|---|
| Forex | 60+ currency pairs | High leverage (up to 1:500), tight spreads |
| Commodities | Gold, silver, crude oil, natural gas | Spot and futures contracts, competitive spreads |
| Indices | US30, UK100, GER30, etc. | Low spreads, high leverage (up to 1:200) |
| Shares | US, UK, Europe shares | Commission-free options, fractional shares |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin, etc. | 24/7 trading, high leverage (up to 1:20) |
| Other Assets | Bonds, ETFs | Diverse market access |
This extensive range of trading instruments allows traders to diversify their strategies and mitigate risks effectively.
Fees and Commissions
Understanding the fee structure is vital for traders to manage their costs effectively.
PU Prime offers a competitive fee structure across various account types.
Spread and Commission
- Standard Account: Spreads from 1.3 pips, no commission.
- Prime Account: Spreads from 0.0 pips, $7 per lot commission.
- VIP Account: Spreads from 0.0 pips, $5 per lot commission.
Other Fees
- Deposit and Withdrawal Fees: No fees for deposits or withdrawals, though third-party charges may apply.
- Inactivity Fee: A fee is charged if an account remains inactive for a specified period.
- Swap Fees: Overnight financing fees apply for positions held overnight, except for Islamic accounts which are swap-free.
Comparison Table of Fees
| Fee Type | Standard Account | Prime Account | VIP Account |
|---|---|---|---|
| Minimum Deposit | $50 | $1,000 | $10,000 |
| Spreads | From 1.3 pips | From 0.0 pips | From 0.0 pips |
| Commission | None | $7 per lot | $5 per lot |
| Deposit Fee | None* | None* | None* |
| Withdrawal Fee | None* | None* | None* |
| Inactivity Fee | Yes | Yes | Yes |
| Swap Fee | Yes | Yes | Yes |
| Swap-Free (Islamic) | Available | Available | Available |
*Third-party fees may apply.
Its transparent fee structure ensures traders can select the account type that best suits their trading needs and financial capabilities.
Customer Support
Availability
Customer support is available 24/5, aligning with the forex market’s trading hours.
This ensures traders can receive assistance whenever the markets are open.
Contact Methods
The company offers several contact methods to cater to different preferences:
- Email Support: Ideal for detailed inquiries or support issues.
- Live Chat: Provides real-time assistance through the website.
- Phone Support: Direct phone support for urgent queries.
Response Time
Response times vary depending on the contact method. Live chat typically offers the fastest response, followed by phone support and email.
Some users have reported delays in email responses, suggesting an area for potential improvement.
Language Support
Multiple language support is available to accommodate its global client base, ensuring non-English speaking traders can receive assistance in their preferred language.
Customer Support Experience
Overall, the company’s customer support is praised for its professionalism and knowledge.
However, occasional delays in resolving issues, particularly during peak periods, have been noted by some users.
Educational Resources
For traders, especially beginners, access to quality educational resources is vital for skill development and successful trading.
PU Prime provides a wide set of educational materials to support traders in their journey.
Webinars and Seminars
Regular webinars and seminars cover topics such as market analysis, trading strategies, and platform tutorials.
These sessions are conducted by experienced traders and market analysts.
Video Tutorials
The broker offers video tutorials on the website, providing step-by-step guides on using trading platforms, setting up accounts, and executing trades.
These resources are particularly beneficial for visual learners.
Articles and E-books
Its library includes articles and e-books on a wide range of topics, from basic trading concepts to advanced strategies.
These materials cater to traders of all experience levels.
Market Analysis
Daily market analysis is provided to keep traders informed about the latest trends and opportunities.
This includes both technical and fundamental insights, aiding traders in making informed decisions.
These educational resources reflect their commitment to supporting its clients’ trading endeavors, offering valuable knowledge and insights.
Deposit and Withdrawal Options
PU Prime offers a more than 15 deposit and withdrawal options, ensuring convenience and flexibility for the clients.
Deposit Methods
- Bank Transfer: Direct transfers from bank accounts.
- Credit/Debit Cards: Visa and MasterCard are accepted.
- E-wallets: PayPal, Skrill, Neteller.
- Cryptocurrencies: Bitcoin and other major cryptocurrencies.
Withdrawal Methods
- Bank Transfer: Withdrawals to bank accounts.
- Credit/Debit Cards: Funds can be withdrawn back to the card used for deposit.
- E-wallets: PayPal, Skrill, Neteller.
- Cryptocurrencies: Withdrawals in Bitcoin and other supported cryptocurrencies.
Processing Time
- Bank Transfer: 1-3 business days
- Credit/Debit Cards: 1-3 business days
- E-wallets: Instant to 24 hours
- Cryptocurrencies: Instant to 24 hours
Fees
PU Prime does not charge fees for deposits or withdrawals, although third-party fees (such as bank charges or cryptocurrency network fees) may apply.
Comparison Table of Payment Methods
| Payment Method | Deposit Time | Withdrawal Time | Fees |
|---|---|---|---|
| Bank Transfer | 1-3 business days | 1-3 business days | None* |
| Credit/Debit Cards | Instant | 1-3 business days | None* |
| E-wallets | Instant | Instant to 24 hours | None* |
| Cryptocurrencies | Instant | Instant to 24 hours | None* |
*Third-party fees may apply.
The wide range of payment methods and quick processing times ensure traders can manage their funds efficiently, adding to the overall positive trading experience.
Trading Experience
The overall trading experience is influenced by several factors, including platform performance, order execution, and customer service.
Platform Performance
Both the MT4 and MT5 platforms are known for their reliability and performance.
Traders benefit from fast order execution, minimal downtime, and a comprehensive suite of trading tools.
Order Execution
PU Prime is recognized for its fast and reliable order execution.
This broker utilizes advanced technology to ensure that trades are executed promptly and accurately.
This is particularly important for high-frequency traders and those employing scalping strategies.
User Interface
The user interface of both MT4 and MT5 platforms is intuitive and easy to navigate.
Traders can customize their workspace to suit their preferences and access a wide range of tools and features.
Trading Tools
PU Prime provides more than 200 trading tools to enhance the trading experience.
These include:
- Technical Indicators: A wide range of built-in technical indicators for market analysis.
- Automated Trading: Support for Expert Advisors (EA) for automated trading strategies.
- Charting Tools: Advanced charting tools with multiple time frames and chart types.
Mobile Trading
The mobile trading apps for MT4 and MT5 ensure that traders can manage their accounts and execute trades from anywhere.
The apps offer full functionality, including real-time quotes, charting tools, and order management.
Customer Feedback
Overall, customer feedback on this trading experience is positive.
Traders appreciate the platform performance, competitive spreads, and the variety of trading instruments.
Some areas for improvement include customer support response times and the withdrawal process.
Research and Analysis Tools
Access to high-quality research and analysis tools is crucial for making informed trading decisions.
PU Prime offers a range of tools and resources to assist traders in their market analysis.
Economic Calendar
The economic calendar on the website provides a schedule of important economic events and releases.
Traders can use this information to anticipate market movements and plan their trades accordingly.
Market News
PU Prime provides regular market news updates to keep traders informed about the latest developments in the financial markets.
These updates cover major events, economic indicators, and market trends.
Technical Analysis
Daily technical analysis reports are available to help traders identify key support and resistance levels, chart patterns, and potential trading opportunities.
Experienced analysts prepare these reports.
Fundamental Analysis
In addition to technical analysis, PU Prime offers fundamental analysis reports that cover economic data, central bank policies, and geopolitical events.
These reports provide insights into the underlying factors driving market movements.
These research and analysis tools equip traders with the information they need to make informed decisions and enhance their trading strategies.
Conclusion
PU Prime has established itself as a reliable and competitive broker in the online trading industry.
With its robust regulatory framework, advanced trading platforms, diverse range of trading instruments, and comprehensive educational resources, PU Prime caters to traders of all experience levels.
Key Strengths
- Regulation: Regulated by ASIC and VFSC, providing a balance of strict oversight and flexibility.
- Trading Platforms: Access to MT4 and MT5, offering advanced tools and features.
- Diverse Instruments: Wide range of trading instruments including forex, commodities, indices, shares, and cryptocurrencies.
- Competitive Fees: Low spreads and no deposit or withdrawal fees.
- Educational Resources: Extensive educational materials and regular webinars.
Areas for Improvement
- Customer Support: Improvement needed in response times and issue resolution during peak periods.
- Withdrawal Process: Streamlining the withdrawal process to ensure faster processing times.
Overall, PU Prime is a solid choice for traders looking for a reliable broker with a comprehensive offering.
Whether you are a beginner or an experienced trader, it provides the tools and resources necessary to succeed in the financial markets.
Visit official website: www.puprime.comFAQ
Is PU Prime regulated?
Yes, the company is regulated by the ASIC and VFSC.
What is the minimum deposit?
The minimum deposit is $50.
What trading platforms does it offer?
PU Prime offers both MT4 and MT5 trading platforms.
Does it have a demo account?
Yes, this broker offers a demo account.
Are there any deposit or withdrawal fees?
No, PU Prime does not charge any deposit or withdrawal fees.
Can I trade cryptocurrencies?
Yes, the broker offers a variety of cryptocurrencies for trading.
Does PU Prime support copy trading?
Yes, it supports copy trading.
Resources
User Reviews
Article written, edited and reviewed by
Adam Rosen
Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.
Andrew Blumer
Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
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Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
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Last updated: September 4, 2024
