PU Prime review and ratings

Established 2015
Location Seychelles
Regulation SFSA
Offices Mahe
Broker type STP | ECN
Leverage up to 1:500
Deposit from 50 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies Softs
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Bitcoin Tether Alipay

Company information

PU Prime is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Availability

PU Prime accepts clients from all over the world, excluding US, Singapore, Australia and some other regions.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
30+ Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, EOS, Stellar Lumens, Cardano, Dogecoin, Solana, Polkadot, Chainlink, Polygon, Uniswap, Ripple, BAT, IOTA, Tron, Zcash, Algorand, Filecoin, Maker, Terra, Shiba, Avalanche, Neo.
21 Indice CFDs Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
4 Metal CFDs Based on Gold, Silver and Copper.
5 Energy CFDs Based on Crude Oil (WTI, Brent), Gasoline, Gasoil and Natural Gas.
5 Soft CFDs Based on Cocoa, Coffee, Sugar, Orange Juice, Cotton.
70+ Stock CFDs Based on shares of US, UK and EU companies.

Comprehensive review

PU Prime (PUPrime) is a forex broker established in 2015 and headquartered in the Seychelles, a popular offshore jurisdiction where forex brokers are only lightly regulated by the government.

As an offshore forex broker, PU Prime is able to offer terms and trading conditions that are much more flexible than most fully regulated brokers. For instance, users can fund their accounts using cryptocurrency, they have access to trading leverage as high as 1:500 on the most liquid trading pairs, and the broker offers a simpler account registration and ID verification process.

Worth noting about PU Prime is also that this broker is one of just a few forex brokers we have reviewed that has its own dedicated team of analysts that cover the market. This happens on a daily basis via video updates that are open to anyone, with analysts covering major economic news events as well as walking through the market from a technical analysis perspective.

As far as trading instruments go, PU Prime should have most traders covered with its selection of more than 40 forex pairs, 30 different cryptocurrencies, nearly all major stock indices, and a wide selection of commodities. In addition, this broker also offers single stock CFDs from more than 70 companies listed in the UK, US and Europe.

An interesting thing to look at when comparing forex brokers is what types of trading accounts they offer. For PU Prime, the selection is fairly straightforward, with four different accounts to choose from depending on how much capital is deposited:
– A Standard account with a minimum deposit of USD 50, commission-free trading, and spreads from 1.3 pips
– A Prime account with a minimum deposit of USD 1,000, commissions, and spreads from 0.0 pips
– An Islamic account with a minimum deposit of USD 50 and spreads from 0.0 pips
– A Cent account with a minimum deposit of USD 20, commission-free trading, and spreads from 1.3 pips

As usual, smaller traders will be better off trading with either the Standard or Cent accounts, which both offer commission-free trading in return for paying a wider spread. For traders with more capital, however, the Prime account, which offers the smallest spreads but with commissions, is the best option.

All instruments can be traded regardless of the account type, and the maximum leverage of 1:500 also remains the same on all account types.

Moving over to the trading platforms, PU Prime is a fairly traditional forex broker in that it has chosen to focus on the MetaTrader 4 and 5 Windows-based trading platforms. These are both classic and well-known platforms among forex traders, known for their good analysis tools, custom technical indicators, and huge selection of trading algorithms (“Expert Advisors”), to name just a few things.

In addition, the broker offers the web version of MetaTrader for trading directly in the web browser. Lastly, PU Prime also has its own mobile trading app for Apple and Android phones.

To start trading with PU Prime, new users will need to deposit funds in a trading account. To do this, MasterCard, Visa, bank wire transfer, as well as several e-wallets are accepted. As already mentioned, the broker also accepts cryptocurrency deposits in either bitcoin (BTC) or the stablecoin tether (USDT).

Another nice benefit for traders in some countries is the ability to make bank transfers in local currencies to the broker. For now, this is available in Canada, South Korea, Vietnam, Indonesia, Malaysia, and the Philippines.

All in all, we are of the impression that PU Prime will continue to serve their clients well into the future, as it has done since being founded back in 2015. We like the broker’s strong focus on crypto, both for trading and deposits & withdrawals, and hope to see more instruments and even better pricing introduced in the future.

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