Regulated

Comment

Australia

2016-01-01

8.47

Website

https://www.puprime.com

Rating Index

Software

8.03

Licensed

8.24

Risk Control

9.22

Experience

8.59

Institution

8.24

Industry Classification

Unqualified

Trading Platforms

MT4 / MT5

Basic Information

Registered Region

Australia
Operation Status

Normal
Operating Period

2016-01-01
Deposit Methods

Bank Transfer, Credit Card, E-wallet
Website

https://www.puprime.com
Market Type

Foreign exchange
Support Languges

English

Chinese

Thai
Main Business

FX, commodities, digital assets, stocks, indices, CFDs
Business Type

Financial services provider
Social Media
Contact Details

info@puprime.com

+248 4373 105
Type of Accounts

Cent, Standard, Prime, ECN
Trading Platforms

MT4 / MT5
Withdraw Methods

Wire Transfer
Auto Trading

EA supported / CopyTrade available

Pros and Cons

Pros: Regulated by multiple authoritative bodies (ASIC, FSA, FSCA); wide range of account types catering to diverse trader needs; negative balance protection for client accounts; competitive spreads starting from 0.0 pips for Prime and ECN accounts; robust trading platforms (MT4 and MT5) available. Cons: Limited promotional offers; no 24/7 customer support; commissions applied on certain account types; missing proprietary trading platform.

Company Background

PU Prime is an online brokerage founded in 2016. It is registered and regulated across multiple jurisdictions including Australia (ASIC), Seychelles (FSA), and South Africa (FSCA). The company is headquartered in Maurice and has established itself as a credible entity in the financial services space. Over the years, it has diversified its offerings to include a broad spectrum of asset classes, enhancing its position in the online trading industry.

Fund Security

PU Prime employs stringent fund security measures, including the segregation of client funds in reputable banks, ensuring that traders' deposits are not used for operational expenses. The regulatory oversight provided by ASIC, FSA, and FSCA adds an extra layer of security, with clients being safeguarded against negative balances and the potential for compensation in case of broker insolvency.

Account Opening

PU Prime offers several account types, including Cent, Standard, Prime, and ECN, each catering to different trading strategies. The minimum deposit for a Cent account starts at $20, making it accessible for beginners. The registration process is straightforward, requiring identity verification to comply with international financial regulations. For those interested in trading with higher capital, the Standard and Prime accounts are designed with favorable terms to attract serious traders.

Trading Fees

The fee structure at PU Prime is competitive, with spreads beginning from 1.3 pips for Standard accounts and 0.0 pips for both Prime and ECN accounts. Commission fees apply at $3.5 per side for Prime accounts and $1 per side for ECN accounts. Additionally, rollover fees are applicable based on position types, with careful consideration of potential swap rates necessary for strategic trading.

Trading Instruments

PU Prime offers a comprehensive array of tradable instruments, including over 40 major and minor forex pairs, popular commodities such as gold and oil, indices like the S&P 500 and FTSE 100, and a selection of cryptocurrencies including Bitcoin and Ethereum. The broker also provides access to various shares from leading corporations and possibilities for trading ETFs and bonds.

Trading Technology

PU Prime leverages state-of-the-art technology, utilizing MT4 and MT5 platforms known for their reliability and advanced features. Traders benefit from high execution speeds, customizable charting tools, and access to numerous indicators. The mobile application enhances trading on-the-go, while API capabilities allow algorithmic trading for systematic strategies.

Research and Education

Educational resources and research tools abound at PU Prime. The platform provides access to market analysis reports, an economic calendar, and instructional webinars that cater to traders of all levels. The quality of educational content is aimed at improving trader performance and understanding of market dynamics, which is crucial for success in trading.

Customer Support

Customer support is available five days a week via phone, email, and live chat, ensuring that traders can receive assistance during active trading hours. The team is praised for its responsiveness and knowledge in handling inquiries related to account management, funding issues, and technical challenges. A comprehensive FAQ section on the website further aids in addressing common queries, enhancing overall user experience.

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Rating Index

PU Prime

Regulated

Legal Environment

8.03

License Value

8.24

Risk Management

9.22

Investor Protection

8.59

Regulatory Policy

8.24

Software

Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.
Institution

Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.
Licensed

Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.
Risk Control

Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.
Investor Protection

Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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