PU Prime

PU Prime is a multi-entity forex and CFD broker founded in 2009. It operates through six regulated or registered companies, one of which holds an Australian (ASIC) licence. It offers four account types from a $50 minimum deposit, MetaTrader 4 and 5, and maximum leverage of up to 1:1000 depending on the entity. It does not accept US clients.

PU Prime is a real, regulated broker with a $50 entry point, a choice between spread-only and commission-based pricing, and full MetaTrader support. Its main trade-off is structural: which PU Prime you get depends on the entity that opens your account. The rules, leverage and protections differ between them, and much of this review is about that distinction.

Key takeaways

• Six legal entities: one Tier-1 (ASIC, Australia), two Tier-2 (FSCA South Africa, CMA Dubai) and three offshore (Mauritius, Seychelles, St Vincent and the Grenadines).
• All four accounts list leverage of up to 1:1000, but the minimum deposits differ: $50 for Standard, $20 for Cent, $1,000 for Prime and $10,000 for ECN.
• Standard and Cent spreads start from 1.3 pips. Prime spreads start from 0.0 pips plus a $3.50 commission per side per lot.
• PU Prime charges no deposit handling fee and reimburses bank charges on the first international bank transfer withdrawal each month, but further bank transfer withdrawals in the same month incur a bank handling fee. Bank and intermediary charges can still apply.
• In 2026 PU Prime issued a public warning about fraudulent impersonation, so check the domain before you send money.

Who operates PU Prime

PU Prime presents itself as an ECN/STP broker. In these models the broker passes client orders to external liquidity providers instead of taking the other side internally. The label describes how the broker says it routes orders. It is not a measurement of execution quality, and two brokers using the same label can still differ on fills, slippage and requotes.

The licensed company is PU Prime Trading Pty Ltd, which holds ASIC licence number 410681. The Mauritius address, Suite 201 Level 2, The Catalyst, Cybercity Ebene, belongs to PU Prime Ltd, the entity regulated by the Financial Services Commission of Mauritius under License No. GB23202672.

The six entities and what each one means

Some entity details need confirming before you open an account. The stated address is in Mauritius, while the licensed company is the Australian one. The CMA licence was announced without a published licence number. The St Vincent number is a company registration, not a forex licence. Check each entity on the regulator’s own public register, and make sure the company name, licence number and permitted activities match your account opening documents.

Is PU Prime legit?

Yes. The group holds ASIC licence 410681 for PU Prime Trading Pty Ltd and FSCA licence 52218 for PU Prime (Pty) Ltd, and it has been operating since 2009.

“Legit” is a different question from “protected the same way everywhere.” An ASIC licence protects clients of the Australian entity. It does not extend to a client onboarded by the Seychelles or St Vincent company, even though the brand, website and platforms look identical. What matters in practice is which PU Prime you are signing with.

Your residence usually decides that. During registration, the client agreement and the account portal name the contracting entity. If the agreement says PU Prime Ltd, PU Prime Limited or PU Prime LLC, your account sits with an offshore company. In that case the Australian rules described below do not apply to you.

Account types

PU Prime offers four live accounts. They share the same entry terms:

• Minimum deposit: $50
• Maximum leverage: 1:1000, subject to your entity’s regulator
• Platforms: MetaTrader 4, MetaTrader 5, web platform, mobile app
• Deposit methods: bank card, bank wire, USDT

The differences are in pricing:

Standard Account

This is a spread-only account. You pay the difference between bid and ask and no separate commission. The 1.3-pip figure is the floor for EUR/USD, so actual spreads widen during low liquidity, around major news releases and at the daily rollover.

Prime Account

This is a raw-spread account. Spreads start from 0.0 pips, and a commission of $3.50 per side per lot is added. “Per side” means you pay it once when opening and again when closing, so one round-turn standard lot costs $7.00 in commission before any spread.

ECN Account

The ECN account also has spreads from 0.0 pips. PU Prime’s account types page lists the ECN commission as $1 per side/lot, against $3.5 per side/lot on the Prime account. Because that number decides which raw account is cheaper, confirm it on PU Prime’s fee schedule before choosing between Prime and ECN.

Cent Account

PU Prime does offer a cent account. On cent accounts the balance is typically shown in US cents, so a $50 deposit appears as 5,000 cents. A “lot” on the platform also represents a much smaller amount of currency than on a standard account. This lets a new trader run live orders at very small sizes and see real fills and real slippage with little capital at risk. The spread floor is the same 1.3 pips as the Standard account. Check the contract specifications inside the platform for the exact contract size before sizing trades.

Trading costs: Standard vs. Prime

On a raw account, comparing “1.3 pips” against “0.0 pips” without counting the commission is misleading. The comparison works when everything is converted into the same unit.

Assumptions for this example: EUR/USD, 1 standard lot (100,000 units), a USD-denominated account. One pip is then worth $10. Spreads are hypothetical and not PU Prime’s live quotes.

• Standard account at its 1.3-pip floor: 1.3 × $10 = $13.00 per round turn.
• Prime account with a hypothetical 0.2-pip raw spread: (0.2 × $10) + $7.00 commission = $9.00 per round turn.

The $7.00 round-turn commission equals 0.7 pips on one EUR/USD lot. So the Prime account is cheaper whenever its raw spread is more than 0.7 pips tighter than the Standard spread at the same moment. If both widen together during news, the gap may hold. If only the Standard spread widens, the Prime account’s advantage grows.

What this means in practice:

• A trader placing a few trades a week at small sizes may not notice the difference, and the Standard account’s single cost line is easier to track.
• A scalper or high-frequency day trader pays the spread many times a day, so a fraction of a pip per trade compounds into a large monthly figure. Raw-spread pricing usually suits that pattern better.
• Commissions scale with lot size. At 0.10 lots, the Prime commission is $0.35 per side ($0.70 round turn), and the pip value is $1.

Spread and commission are not the only costs. Positions held past the daily rollover pay or earn swap (overnight financing), which depends on the instrument, the direction and the interest rate differential. For a multi-day swing trade, swap can outweigh the spread. Check each instrument’s swap rates in the platform’s contract specifications, because they vary by symbol.

Leverage and margin

The 1:1000 figure appears on every account, but leverage is set by the regulator of your entity, not by the account type.

The Australian limit

ASIC’s product intervention order for CFDs, in force since March 2021, caps leverage for retail clients:

• 30:1 on major currency pairs
• 20:1 on minor pairs, gold and major stock indices
• 10:1 on other commodities and minor indices
• 5:1 on individual shares
• 2:1 on crypto-asset CFDs

The same order requires negative balance protection and margin close-out rules for retail clients. A retail client of PU Prime Trading Pty Ltd therefore cannot trade at 1:1000. That level, where offered, comes through the group’s offshore entities, and professional-client status under the ASIC entity follows separate eligibility tests.

What 1:1000 does to margin

Margin required = position value ÷ leverage.

Hypothetical example: EUR/USD at 1.1000, 1 standard lot. The position value is $110,000.

High leverage lowers the deposit needed to open a position. It does not change the position’s risk. A 1-pip move on one lot is still worth $10 whatever leverage you use.

The danger is in combining high leverage with a small balance. Suppose an account funded with $50 opens a full lot at 1:1000. The margin is $110, more than the account holds, so the trade cannot open at all. At 0.30 lots, margin is $33 and each pip is worth $3. A move of about 6 pips against the position would then take equity down to the margin level, depending on the broker’s margin call and stop-out thresholds.

Size positions from the stop-loss distance and the amount you are willing to lose, not from the leverage available. A position size calculator does that arithmetic for you.

Leverage limits also vary by instrument. Crypto, stock and index CFDs typically carry lower maximums than major forex pairs, even on offshore entities, so check the contract specifications for each symbol.

Trading platforms

All four accounts run on the same platform set:

• MetaTrader 4: the long-established forex platform. It offers nine chart timeframes, a large library of third-party indicators and Expert Advisors (automated strategies), and hedging-style position handling.
• MetaTrader 5: the newer MetaQuotes platform. It offers 21 timeframes, a depth-of-market view, a built-in economic calendar, both hedging and netting modes, and the MQL5 language for automated trading. EAs written for MT4 do not run on MT5 without conversion.
• Web platform: browser-based trading with no installation. It suits checking positions from a shared or work computer.
• Mobile app: PU Prime’s own app for trading and account management on a phone. In May 2026 PU Prime published an upgrade notice, and it has also promoted a redesigned trading app.

For most traders the choice between MT4 and MT5 comes down to existing tools. If you already rely on specific MT4 indicators or EAs, MT4 avoids rebuilding them. If you are starting fresh, MT5’s extra timeframes and depth of market give it the edge.

Check whether the account dashboard offers a demo account, or use a stock market simulator to rehearse order types, stop placement and position sizing with no money at risk.

Deposits and withdrawals

Methods: bank card, bank wire and USDT (Tether).

Fees:

• Deposit fee: $0 from PU Prime.
• Withdrawal fee: PU Prime charges none of its own. Bank and intermediary charges may apply.

The “no withdrawal fee” line matters most for bank wires. An international wire can pass through one or more correspondent banks, each of which may deduct a fee before the money arrives. The amount credited can therefore be less than the amount withdrawn, even though PU Prime itself charged nothing. Card deposits and withdrawals can also attract currency conversion costs if your card currency differs from the account currency.

For USDT, the main risk is operational. Tether exists on several blockchains (for example TRC-20 on Tron and ERC-20 on Ethereum), each with its own address format and network fees. Sending on the wrong network can mean lost funds. Copy the deposit address and network from the PU Prime portal each time, and start with a small test transfer.

PU Prime publishes a Deposit and Withdrawal Policy document. Read it before funding, particularly the parts on which withdrawal method you must use and on verification. Brokers generally require identity and address documents before processing withdrawals, and finishing that step early avoids delays later.

Avoiding PU Prime impersonators

In July 2026 PU Prime issued an official statement about fraudulent impersonation scams. Impersonation is a recurring problem for well-known broker brands. Fake websites, social media “account managers” and messaging-app groups use the logo to collect deposits that never reach the real broker.

Practical checks:

• The official website is puprime.com. Client account access appears under subdomains such as my.puprime.com, and the help center sits at helpcenter.puprime.com. Be wary of lookalike spellings and extra words in the domain.
• Deposit only through the client portal you logged into yourself. Do not deposit to payment details sent over chat, email or social media.
• No legitimate broker needs your platform password or two-factor codes. Requests for remote access to your device, or “guaranteed returns” offers, are scam signs.
• Confirm that the company named in your client agreement appears on the relevant regulator’s register with matching details.

Strengths and trade-offs

Strengths

• A real regulatory footprint: an ASIC licence, an FSCA licence, and a CMA licence for the Dubai entity announced in 2026, alongside its offshore entities.
• Long operating history: founded in 2009.
• Low entry point: $50 on every account. That is below Exness’s $200 minimum, though FOREX.com and Pepperstone start at $0.
• Choice of pricing model: spread-only (Standard, Cent) or raw spread plus commission (Prime, ECN).
• A cent account for very small live position sizes.
• Full MetaTrader support on both MT4 and MT5, plus web and mobile access.
• No PU Prime deposit or withdrawal fees, with USDT available alongside cards and wires.

Trade-offs

• Protection depends on the entity. Three of the six entities are offshore, and the high-leverage offer sits outside the Australian rules. Clients outside Australia may not receive ASIC-level safeguards.
• The Standard account’s 1.3-pip floor on EUR/USD is the cost of commission-free trading, and active traders pay it on every round turn.
• 1:1000 leverage magnifies losses on small deposits as quickly as it lowers the margin needed.

How we checked PU Prime

On 13 November 2026 we visited puprime.com from Tallinn, Estonia. The footer names PU Prime Ltd as an investment dealer regulated by the Financial Services Commission of Mauritius under License No. GB23202672, and PU Prime LLC as a company registered in St. Vincent and the Grenadines. We clicked “Regulation” in the footer. That page lists the Financial Sector Conduct Authority of South Africa with License Number 52218. From there we opened the account types, fees, funding, platform and bonus pages. A few pages, including the copy trading page, did not open for us.

The prices are on public pages, so we did not need an account to read them. The account types page lists a $50 minimum deposit for Standard, $20 for Cent, $1,000 for Prime and $10,000 for ECN. Prime carries a commission of $3.5 per side/lot and ECN $1 per side/lot. Every account shows leverage of Up to 1:1000. The fee page says there is no inactivity fee, though an account inactive for 90 days or more may be archived. We did not open an account, deposit or trade.

On the ASIC register we found PU PRIME TRADING PTY LTD under licence 410681, status Current, since 19/01/2012. The FSC Mauritius Register of Licensees lists PU Prime Ltd, licensed 19/01/2024, as a SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting). FSA Seychelles lists PU Prime Limited under securities dealers. Its public list shows no licence numbers, so we could not match SD050 to it. For FSCA licence 52218 we could not complete the check, because the register was down for maintenance that day.

We read Trustpilot on 13 November 2026. It showed 2.7/5 from 1,894 reviews, with 55% five-star and 40% one-star. The domain’s first Wayback Machine capture is dated 2020-08-13. Our check leaves the South African licence and the Seychelles licence number unconfirmed, and we did not test how any entity handles real client money.

Who PU Prime may suit

• Traders who qualify for the Australian entity and want a broker under ASIC rules, with retail leverage caps and negative balance protection.
• Beginners testing live execution, through the Cent account and the $50 minimum. This works only if they size positions from risk rather than from the 1:1000 maximum.
• Active intraday traders who can make use of 0.0-pip raw spreads with a known per-side commission on the Prime account.
• MetaTrader users who want to bring their existing MT4 or MT5 indicators and EAs.

PU Prime is a weaker fit for US residents, who cannot open an account. It is also a weaker fit for traders who specifically want Tier-1 protection but would be onboarded by an offshore entity because of where they live.