PU Prime Review
PU Prime is a fully loaded retail forex and CFDs broker with a wide range of tradeable assets on the MetaQuotes trading suite and a dedicated mobile app. In addition, the broker is packed with a ton of educational and research tools to take your trading to the next level and allows you to trade by bearing a very low cost. The website has cool and easy navigation, account opening and transactions are seamless.
PU Prime (previously Pacific Union) is an online CFD trading and forex broker. The broker was launched in 2015 and currently operates from the Seychelles where they are authorised and regulated by the Seychelles Financial Services Authority (FSA).
PU Prime offers a good selection of over 200 CFD instruments for you to trade and provides its services in over 120 countries. You can start trading with just $50 and pay minimal costs in terms of tight spreads from just 0 pips, or choose to pay zero commission fees and get a spread mark-up instead.
In addition to very competitive trading conditions, the broker provides you with the popular and user-friendly MetaTrader trading platforms from MetaQuotes. You can trade manually, run automated systems and conveniently access your trading account across all of your devices.
If you are looking for a hands-off approach, then you can copy other traders’ portfolios via social trading integration. If you have a successful strategy that you want to share and earn commission from, other traders can copy you with MAM and PAMM accounts.
The broker provides excellent support to its clients via a dedicated support centre 24/5 and has the option of a free demo account if you want to give them a try to see if they can meet your needs before making a financial commitment.
PU Prime is an innovative broker with a good range of trading products and services that can cater to the needs of various traders. The broker offers user-friendly trading platforms and social trading via the popular ZuluTrade and MAM/PAMM accounts. You can get free access to plenty of educational content and research tools to help you on your trading journey, whilst customer support is easy to reach and quick to respond.
On the other hand, PU Prime is not regulated by a top-tier government regulatory authority. As a result, they do not accept clients from the US and several other countries. The brokers product portfolio only contains stock CFDs but not real stocks. The customer support team is only available 24/5 during weekdays and not on weekends. Finally, despite offering cryptocurrency trading, the broker does not offer cryptocurrencies as a payment option.
PU Prime offers a decent choice of over 200 CFD instruments across several asset classes such as forex, indices, stocks, commodities, and cryptocurrencies. However, the broker does not offer real stocks, ETFs, options, or bonds to trade. I think there should be enough if you just want to trade forex, precious metals, cryptos and some popular stocks as CFDs. If you are looking for a greater variety, TMGM have a much larger selection of over 12,000 trading products in comparison.
PU Prime Instruments Summary
| Instruments | PU Prime |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos | ✓ |
| Options | x |
| Bonds | x |
| ETFs | x |
| CFDs | ✓ |
Commission and Spread Fees
PU Prime provides flexible trading account types for all types of traders. All of the accounts let you trade with very low costs. Long-term traders can enjoy trading with zero commissions and decent spreads starting from 1.3 pips on a standard account. Short-term or day traders can take advantage of trading with zero spreads on a prime account, but you will need to pay a $7 commission fee on top which is more or less the industry average. You could potentially save some on commission fees with RoboForex as they charge $4 commission and also have zero pip spreads. In addition, PU Prime offers Islamic swap-free accounts for Muslim traders and cent accounts for those of you who want to get a feel for trading in a real environment with minimal investment.
| Fee | Standard Account | Prime Account |
|---|---|---|
| Commission (per standard lot per side) | $0 | $3.5 |
| Spreads from | 1.3 | 0.0 |
Deposit and Withdrawal Fees
PU Prime does not charge any deposit or withdrawal fee.
Inactivity Fees
PU Prime does not charge an inactivity fee if you have not conducted any trading activity for some time which is a big advantage that they have over the many brokers who do.
PU Prime offers the user-friendly yet powerful MetaTrader 4 and MetaTrader 5 as its primary trading platforms. Both are well-known systems that can be downloaded for free on desktop and as trading apps for mobile devices. You may also trade directly through all major web browsers without downloading any software via the MetaTrader web platform.
MetaTrader 4
MetaTrader 4 (MT4) is a prominent trading platform that offers a good variety of trading tools and can be fully customised according to your preferences. The most well-known aspects of MT4 is that it is straightforward to use and has a short learning curve. This makes it a popular choice for new traders whilst it still provides more than enough robust features and functionality for professional traders. The platform has everything you will need to analyse the charts for trade opportunities and to manage positions from all of your devices including web, desktop and mobile. These are some of the MT4 platforms key features:
- 3 chart types
- 9 timeframes
- One-click trading
- Real-time quotes
- Online support 24/5
- 30 technical indicators
- Charting objects
- Market depth
- All order types
- Netting and hedging allowed
- MetaQuotes marketplace
- Automated trading with EAs
- Available on Android and iOS devices
MetaTrader 5
MetaTrader 5 is often considered to be one of the best trading platforms when it comes to CFDs. For trading forex, commodities, stocks, and hundreds of other derivative assets, MT5 offers a more complex multi-asset platform when compared to MT4. Whilst it does maintain a very similar look and feel to the MT4 platform, it has a lot more features and functionalities. This includes additional order types, more chart types and time periods, lots more indicators, an economic calendar and a multi-symbol strategy tester that utilises tick data for efficient back testing. Here are some of the main features of the MT5 platform:
- 8 order types
- 21 timeframes
- One-click trading
- Real-time news
- Sophisticated trading tools
- 80+ technical indicators
- Market sentiment and economic calendar
- Advanced order types
- Customisable charts
- 4 pending order types, including pending, stop and trailing stops
- MetaQuotes marketplace
- Available on Android and iOS devices
WebTrader
PU Prime offers access to the versatile MetaTrader 4 and MetaTrader 5 WebTrader. The great advantage of this platform is that it can run in any web browser without needing to download or install any software. Therefore, you can access your account from any device and will always be using the latest version of the platform.
Mobile App
In addition to the industry-standard MetaTrader platforms, with PU Prime you can trade worldwide markets using the broker’s customised trading software, designed to provide smooth market access and reliable transaction processing. The app’s distinctive design, polished user interface, and innovative features assist you in seizing opportunities and providing a smooth online trading experience. The PU Prime app is available to download for free from the appropriate app stores.
API
PU Prime is dedicated to offering cutting-edge trading technology to its clients, and therefore provide a comprehensive suite of APIs to help you expand your trading capabilities. You may use an API connection to construct your own custom trading tools and algorithmic trading methods. If you are looking for a API connectivity with some of the latest technologies implemented for powerful direct to market trading, Global Prime are certainly worth consideration as an alternative.
MAM/PAMM
Multi-account management at PU Prime gives traders and fund managers the control they need to try and maximise efficiency. All of your accounts are easily accessible through a single user-friendly interface. This provides you with a convenient way to manage multiple accounts at once.
ZuluTrade
ZuluTrade is a well-known peer-to-peer social trading platform that helps today’s busy traders save time. The method is meant to be user-friendly, so you don’t need any prior trading knowledge to get started. You can automate your trading with highly personalised parameters and choose to copy other trading strategies. This might be a good option for you if you don’t have enough time to develop a solid trading strategy or if you don’t have enough expertise. ZuluTrade does integrate with quite a few other brokers, including Rakuten Securities. However, if you are on the lookout specifically for a social trading platform, then eToro is the industry leader when it comes to copy trading.
VPS
You can use a Virtual Private Server (VPS) with PU Prime’s dedicated servers to run automated trading systems 24/7, with the quickest possible connectivity. The VPS runs its own operating system but isn’t hosted on your computer, allowing your trading platform to function normally even while you’re not present. This can be a good option if you want to run trading robots around the clock without having your computer switched on. It is worth noting that you can get a free VPS from some other brokers including Switch Markets.
PU Prime Platforms Summary
| Platform | PU Prime |
|---|---|
| MetaTrader 4 (MT4) | ✓ |
| MetaTrader 5 (MT5) | ✓ |
| cTrader | x |
| Proprietary | ✓ |
| Desktop | ✓ |
| Web | ✓ |
| Mobile | ✓ |
| Social Trading | ✓ |
| Other | ✓ |
PU Prime Review
< class="mt0 mb10 font200" style="color:#111;"> Research and EducationPU Prime has an excellent collection of educational tools to assist beginners. When you visit the broker’s website, you’ll discover plenty of learning articles, trading guides, video tutorials, seminars, webinars, glossaries, market news and analysis, among the accessible resources. The broker excels in education and analysis, especially when compared to other brokers that lack trading knowledge. In addition, the extensive library of resources available demonstrates that the broker is concerned about its clients’ ability to make well-informed trading decisions.
Market Ahead
PU Prime Market Ahead can keep you updated on important market information. The market forecast is an excellent approach to be ready for the forthcoming trading day.
Video Tutorials
Master the fundamentals of online trading and the financial markets by watching PU Prime’s short and simple video courses. These lessons cover a wide range of topics, including various markets, trading methods, technical analysis, and more.
Trading Knowledge
PU Prime’s educational content allows you to broaden your trading knowledge and enhance your abilities, allowing you to trade with more confidence. These trading tips cover many subjects, including trading, market analysis, risk management, and more.
E-Books
PU Prime’s free eBooks can help you improve your trading abilities. They will teach you the fundamentals of trading from analysing the charts to managing positions. Thus, whether you’re a newbie trying to learn the basics or an experienced trader looking for new methods, there’s an eBook for you.
Technical Analysis
You never have to miss an opportunity with PU Prime technical analysts’ high-impact economic event coverage and expert commentary.
Trading Signals
PU Prime trading signals can help you become aware of possible setups that you may have otherwise overlooked.
Trading Glossaries
By using the trading glossaries given by PU Prime, traders learn the most relevant terminology and definitions.
Seminars
Seminars by the PU Prime team are presented regularly in many regions. It is a fantastic chance for financial enthusiasts to widen their trading horizons and interact with some of the industry’s specialists.
Webinars
Finance professionals host webinars to assist you get a better understanding of certain markets, products, and the various trading platform technologies.
Economic Calendar
The economic calendar from PU Prime keeps you up to date on the most recent and important market movements. You may examine the impending news releases and the past, anticipated, and actual market impact. An economic calendar is frequently used as part of any trading strategy’s fundamental research. There is also a handy economic calendar implemented within the MT5 platform which I find more convenient to access as it saves needing to constantly switch between windows.
Currency Converter
You can speed up your trade by utilising the currency converter, which allows you to convert between different currencies using actual exchange rates.
Autochartist
Autochartist is an excellent technical analysis tool that is simple to use. It is a sophisticated trading companion that provides market insight to traders of all levels. It analyses marketplaces in real-time and sends alerts to you when trading possibilities arise. You can take your trading to the next level by arming yourself with a powerful analytical tool and find trading ideas that you may have otherwise missed. The Autochartist plugin is compatible with the MetaTrader 4 trading platform.
I think this is a superb tool if you want to find customised trading signals and don’t want to look at charts all day long. It can simultaneously analyse multiple instruments, charts and timeframes for you and send you a notification when there is a valid setup according to your preset parameters. You won’t find it available through many brokers, FXTRADING.com being another who do have it.
PU Prime Research and Education Summary
| Resources | PU Prime |
|---|---|
| Market Analysis | ✓ |
| Guides | ✓ |
| Videos | ✓ |
| Webinars | ✓ |
| Autochartist | ✓ |
| Trading Central | x |
| Economic Calendar | ✓ |
| Other | ✓ |
PU Prime offers a good range of flexible payment options for deposit and withdrawal, including wire transfers, credit/debit cards and electronic wallets. However, the broker does not accept or offer cryptocurrency transactions as a payment option at this time, but PaxForex do if that is something that you are looking for.
PU Prime Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets | ✓ | ✓ |
| Cryptos | x | x |
The Seychelles Financial Services Authority regulates PU Prime’s trading operations in the country. Other than that, no other government security exchange or authority authorise or regulates the broker. If you are looking for a broker that is regulated in multiple jurisdictions, then Markets.com are an option to consider.
PU Prime Regulation Summary
| Regulator | PU Prime |
|---|---|
| ASIC (Australia) | x |
| IIROC (Canada) | x |
| CySEC (Cyprus) | x |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | x |
| CFTC (USA) | x |
| Other (FSA) | ✓ |
PU Prime Safety
PU Prime is not listed on any stock exchange. Neither does it have a banking licence, nor does it disclose its financial statements publicly. Clients’ funds are always kept separate from the company’s capital and are given priority protection by the bank. They do not use the client’s funds for corporate operations under any circumstances. PU Prime does not accept clients from the US, Singapore, Australia, Cuba, Iran, and some other countries which you can see on their website.
PU Prime’s multilingual customer service staff is standing by to assist you 24/5 during weekdays. They can be reached via phone, live chat, email, social media, or filling out an online form. However, I would prefer if they provided support on weekend like some brokers such as Hugo’s Way do. That being said, there is also an FAQ section in the help centre section of the website where you can get a quick answer to some common questions.
PU Prime is a Seychelles-based multi-asset broker. The broker gives you access to a good choice of financial products through sophisticated and user-friendly trading platforms with tight spreads, quick execution, cheap trading costs, and various payment options. To enhance the entire trading experience, a comprehensive set of trading tools and educational materials are also provided for new and seasoned traders alike. The broker is only regulated by Seychelles’ Financial Services Authority which may not be sufficient for some traders. If that is the case for you, then please feel free to browse our broker ratings for some alternative options. Other than that, I think they are certainly worth consideration and there is the option of a free demo account if you want to see what they have to offer without the risk.
