PU Prime HeadlinesTrading PlatformWeb TraderMetaTrader 4MetaTrader 5ProductsFeesLeverageMobile AppPU SocialPU Prime PaymentsDepositsWithdrawalsDemo TradingDeals & PromotionsRegulationAdditional FeaturesLive AccountsStandardPrimeCentBenefitsDrawbacksTrading HoursCustomer SupportSecurityPU Prime VerdictFAQsIs PU Prime Regulated?What Trading Platforms Does PU Prime Offer?What Are The Minimum Deposit Requirements To Open A PU Prime Account?What Customer Service Options Do PU Prime Offer?What Account Types Does PU Prime Offer?Accepted CountriesAlternatives to PU Prime
PU Prime, formerly Pacific Union, is a globally established online broker offering over 200 instruments and copy trading. Our 2022 review will cover its regulation, account types, fees, customer support options, and more. Find out whether to open a live account with PU Prime today.
PU Prime Headlines
Established in 2015, PU Prime delivers an online brokerage service to customers in over 120 countries worldwide. Today, the number of live trading accounts sits at approximately 130,000, with multilingual services to suit the needs of its global customer base.
The company operates from 14 offices worldwide, with a 200-strong team of employees servicing customers 24 hours a day.
The broker operates a no dealing desk model resulting in superior pricing, fewer outages, and a great depth of liquidity. PU Prime is authorised and regulated by Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority.
PU Prime offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals. Both are globally recognised platforms available for free download to PC and desktop devices. The broker also hosts the Web Trader terminal, meaning clients can trade directly via all major web browsers without the need for software download. Features of the platforms include:
Compatible with Windows, MAC, and Linux
3 chart types
Online support 24/5
30 technical indicators
Reliable data protection
Advanced market depth
Supports all trading operation types
Netting and hedging accounting systems
24 graphical objects for technical analysis
3 chart types
Live price streaming
4 pending order types
24 analytical charting tools
Instant access and execution
MQL4 programming language
Access to expert advisors (EAs)
User-friendly, multilingual interface
50+ preinstalled technical indicators
8 order types
Real-time market news
Sophisticated trading bots
80+ built-in technical indicators
Sentiment and economic calendar
Set stop loss and Take Profit levels
Customisable charts, view up to 100 simultaneously
4 pending order types including pending, stop, and trailing stops
PU Prime Trading Platform
PU Prime offers 200+ assets to trade across global markets:
Commodities – Speculate on energies, agriculture, and precious metals
Indices – Trade global indices, including the Dow Jones, Nasdaq, and S&P 500
Forex – 30+ currency pairs, majors, and minors, including EUR/USD and USD/JPY
Cryptocurrencies – 6 popular digital currency/USD pairs including Bitcoin, Ethereum and Litecoin
Shares – Trade CFDs on some of the world’s top companies, including Amazon, VISA, Tesla, and IBM
Fees are variable between account types. The Prime solution offers the tightest spreads, with quotes directly from major liquidity providers. During particularly liquid times, spreads can be as low as 0 pips. Major forex pairs including EUR/GBP and USD/CAD were offered at 1.9 pips on the Standard account and 0.4 pips on the Prime account respectively.
Gold was offered at 3 pips vs 2 pips on the Prime account. A full list of spreads by instrument can be found on the broker’s website or within the trading platform interface.
There is no commission applicable on any trades executed under the Pacific Union Standard account. A $3.50 commission per side applies across the majority of trading instruments under the Prime account. It is good to see the broker does not charge an inactivity fee, however swap rates for positions held overnight apply.
PU Prime’s available leverage varies by initial investment and trade size. The maximum leverage available is 1:500. This is extremely high, so we would recommend implementing risk management strategies if using this rate. The higher the leverage used, the larger the trade size an investor can control. A breakdown of leverage availability is below.
100% margin required – 1:1 leverage available
10% margin required – 1:10 leverage available
2% margin required – 1:50 leverage available
1% margin required – 1:100 leverage available
0.2% margin required – 1:500 leverage available
PU Prime offers a new proprietary mobile application, available for free download to iOS and Android devices. The simple, user-friendly design and advanced functionality allow investors to access full trading features while on the go.
Fast execution speeds, global market news, multi-account management, 24/5 customer support, and trading reports are all available. MetaTrader 4 and MetaTrader 5 are also both available as mobile apps. Access the full trading features of the desktop platform, analytical tools, and customisable charts and graphs wherever you are.
PU Prime released a proprietary social trading application in 2022. Available from the App Store and Google Play, clients can follow the positions and strategies of the broker’s top traders. This is a particularly enticing proposition for newer traders looking to learn about different assets and investment techniques.
PU offers a string of insights to help beginners find the right Master Trader for their needs, including details of monthly returns and markets traded. In addition, traders maintain flexible control over trading parameters, including position sizes and amending live orders.
For seasoned traders, the PU Social application could provide a second revenue stream. Master Traders can choose to charge a subscription or a commission on profitable trades. Investors simply need to hold a live account and download the broker’s copy trading application from the relevant app store to get started.
PU Prime Payments
Prime provides traders with flexible deposit options and multiple base currencies. The broker does not charge a fee for any account funding methods, however third-party charges may apply. A $50 minimum deposit applies, with varying maximum limits. Top deposit methods include:
UnionPay – CNY only, 50,000 CNY maximum limit, processing within 30 minutes
Fasapay – USD/IND only, $75,000 transaction per day, instant processing
Cryptocurrencies – BTC/USDT only, no maximum limit, instant processing
Local payments – varying currencies and maximum limits, processing within 1 hour
Bank Wire Transfer – All currencies, no maximum limit, 2-5 business day processing time
Credit/Debit Cards – Includes VISA and MasterCard, all currencies, instant processing
Electronic Payments – Includes Skrill/Neteller/Bitwallet/Sticpay/Astropay/Fasapay, all currencies, instant processing
With PU Prime, the majority of withdrawal methods are free, however some do incur a small charge. This is an external fee rather than being set by the broker. For example, Neteller charges a 2% transaction fee for all withdrawals. Skrill withdrawals will incur a 1% charge.
The minimum withdrawal amount across all methods is $40, however, these limits do vary by type. Withdrawals of less than $100 will be subject to a handling fee of $20 or equivalent currency. Bank wire transfers are subject to the longest processing time for funds to be withdrawn at two to five business days.
Credit/debit cards and electronic payment time may be vary depending on the processing time of the card issuer/receiving bank.
A free demo account is available via Pacific Union’s website in 10+ base currencies. These accounts are a good way to practise execution, navigate platform features, and test strategies risk-free.
PU Prime traders can access up to $100,000 of virtual funds and experience real-time trading conditions and prices on the MT4 or MT5 trading terminals. Leverage up to 1:500 can also be selected when opening a paper trading account. Sign up is required to open an account via a simple online registration form.
Note, these accounts expire automatically after 60 days.
Deals & Promotions
At the time of writing, PU Prime was promoting several financial incentives. This included a $50 no deposit bonus and a 50% credit bonus up to $500. As the broker is not regulated by a European Union authority, there are no limitations on promotions. A refer a friend scheme is also accessible, where traders can earn up to $150 for each friend that opens a live account and meets the eligibility criteria.
However, always review bonus claim terms and conditions before opening an account as there may be restrictions on withdrawals.
PU Prime (Previously Pacific Union) operates under full regulation from the Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority. Similar to the key benefits provided by top-tier authorities like the FCA, PU offers negative balance protection and segregated client funds.
In the case of business insolvency, your capital will be safeguarded. In addition, the broker uses leading financial institutions to provide customers with the highest inter-bank liquidity and employs stringent corporate governance compliance audits.
Our review was pleased to see PU prime offering various analysis tools and educational content. This includes daily news posts, market reports, and technical analysis of instruments. Plus, market research is available in daily video posts.
The education is varied, topics are suited towards beginners, but there are also advanced articles for the more experienced. Themes include trading psychology, mitigating risk, an introduction to markets, and understanding indicators. Supporting video content is also posted with visual tutorials of key topics.
It is also good to see online webinars led by industry experts can also be accessed, and a wide array of useful tools, including an economic calendar, currency converter, and keyword glossary.
PU Prime offers two online trading account options; Standard and Prime. Both offer multiple base currencies, access to all instruments, no dealing desk order execution, and maximum leverage opportunities. Additionally, a Cent account can be opened. These are ideal for inexperienced investors looking to start with small amounts. Details of the account types include:
120% margin call
Spreads from 1.3 pips
Leverage up to 1:500
0.01 lots minimum order size
Minimum deposit of $50 or equivalent currency
120% margin call
Spreads from 0 pips
Leverage up to 1:500
$3.50 commission per side
0.01 lots minimum order size
Minimum deposit of $1,000 or equivalent currency
Access to 36 currency pairs, gold, silver, and crude oil
Spreads from 1.3 pips
Maximum lot size of 100
Minimum deposit of $20
Maximum deposit of $1,000
USC account currency only
It is quick and easy to open a live account with PU Prime. Customers must complete an online registration form and are required to provide identification verification documents, such as proof of residency under Know Your Customer (KYC) compliance.
PU also offers an Islamic trading account. This swap-free version can be upgraded from a live account pending approval from the brokerage. Administration fees apply for open position account management.
Proprietary mobile app
Direct to market execution
Swap-free Islamic account
Negative balance protection
Multilingual customer service
Demo account with virtual funds
Low minimum deposit requirement
PU Social app with copy trading capabilities
Industry-recognised MT4 and MT5 terminal and mobile apps
Fees for withdrawals under $100
Commission applies to the majority of Prime account instruments
The brokerage follows 24-hour trading times Monday-Friday, however, these vary by instrument. Note that server times and charts operate GMT +2 or GMT +3. Full timings by instrument can be found on the broker’s website plus upcoming market holiday dates.
PU prime offers the following customer support 24/5, plus on Sunday GMT+3 04:00-13:00:
Online contact form
Global address finder
Email – firstname.lastname@example.org
Telephone – +248 4671 948
The trading area and portal access are password protected. All personal data between client terminals and the platform services are encrypted via an SSL certificate. The MT4 and MT5 trading terminals offer secure login features, industry-standard data privacy, and dual-factor authentication.
PU Prime Verdict
PU Prime offers a strong trading environment on a direct-to-market execution model. Flexible leverage is available, with low fees making it customisable to suit any trading strategy. We enjoyed the offer of established trading platforms, various customer service options, a demo account, and low minimum deposit options.
Although the chosen regulatory authority isn’t as well regarded in the financial industry, the negative balance protection and segregated client funds should provide some reassurance to clients.
Is PU Prime Regulated?
Yes, PU Prime (previously Pacific Union) is authorised and regulated by the Cyprus Securities and Exchange Commission and Seychelles Financial Services Authority. Compliance with the authority’s guidelines includes negative balance protection and segregated client funds.
What Trading Platforms Does PU Prime Offer?
PU Prime offers the industry-established MetaTrader 4 and MetaTrader 5 trading terminals. Both provide advanced trading features, including technical indicators, customisable interfaces, plus sophisticated graphs and charts.
What Are The Minimum Deposit Requirements To Open A PU Prime Account?
The minimum deposit requirement to open a live trading account with PU Prime is $50 or equivalent currency. Note that minimum deposits may vary by account funding method and are subject to changes from the owner and management team.
What Customer Service Options Do PU Prime Offer?
PU Prime offers multilingual customer support available 24/5. This includes a live chatbot, telephone on +248 4671 948, and email at email@example.com.
What Account Types Does PU Prime Offer?
PU Prime offers several live account types with direct-to-market execution. This includes Standard, suitable for a new investor, and Prime with advanced trading features plus a higher minimum deposit requirement. The broker also offers a Cent account and an Islamic trading account.
Traders cannot use Pacific Union from United States, Singapore and Australia.
Alternatives to PU Prime
If you are looking for alternatives to PU Prime we have compiled a list of the top 5 brokers that are similar to PU Prime below. This list of brokers like PU Prime is in order of similarity and only includes companies that accept traders from your location.
AvaTrade – Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.
FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
Admiral Markets – Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Vantage – Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.