PUPrime

PU Prime is an international broker that has been operating since 2015 and offers trading on more than 1000 instruments through a range of accounts, from Cent to ECN. First of all, you should know that according to Teagle's official inquiry with support, PU Prime does not serve residents of Iran. In this overview, we review PUPrime's licenses, accounts, platforms and risks based on Teagle's data.

What kind of broker is PU Prime?

With about 11 years of history, PU Prime offers forex, metals, energy, indices and other markets on MetaTrader 4 and 5. The broker's country of registration in its Teagle profile is Mauritius. Cent accounts, Islamic accounts, leverage up to 1:1000, copy trading, scalping and hedging, news trading and even phone trading are listed among this broker's features, and it also carries a "deposit insurance" label.

PU Prime licenses and credibility

According to Teagle's latest review, PU Prime holds five active licenses:

• ASIC Australia with number 410681;
• FSCA South Africa with number 52218;
• CMA (Capital Market Authority) with number 20200000388;
• FSC Mauritius with number GB23202672;
• FSA Seychelles with number SD050.

ASIC is a reputable and strict regulator and FSCA also provides acceptable oversight, but the Mauritius and Seychelles licenses are offshore and weak. A Teagle analyst has said that this broker serves international traders under these offshore licenses; that is, accounts of clients outside Australia are usually not supervised by ASIC. To understand this difference, read the article the difference between offshore and onshore brokers and the guide broker regulation tiers .

Does PU Prime serve Iranians?

No. According to Teagle analysts' inquiry with official support, PU Prime does not provide services to Iranian users. It also has no Persian website or support, and Teagle's data carries a "requires IP change" label. Opening an account through unofficial routes means the Iranian user is not considered an official client of the broker, and this risk should be taken seriously.

PU Prime trading accounts

PU Prime has four accounts on MetaTrader 4 and 5, all with floating spreads, leverage up to 1:1000, a 50% margin call and a 20% stop-out:

• Cent account: minimum deposit $20, spreads from 1.3 pips and no commission;
• Standard account: minimum deposit $50, spreads from 1.3 pips and no commission;
• Prime account: minimum deposit $1000, spreads from zero and $3.5 commission;
• ECN account: minimum deposit $10000, spreads from zero and $1 commission.

An Islamic account is available on all accounts except ECN, but Teagle has noted that the swap exemption on the Islamic account is limited to 7 days. Requotes are recorded for all accounts in the accounts table, which matters during high volatility. The Cent account is suitable for starting with small capital; see the article best brokers for cent accounts , and before using 1:1000 leverage, read the guide leverage and leveraged trading .

PUPrime platforms and services

MetaTrader 5 is available for Windows, Mac, Linux, Android, iOS and Huawei, and MetaTrader 4 is also listed in the accounts table; the cTrader platform is not offered. The broker's services include copy trading, social trading, expert advisors and trading bots, VPS, forex calculator, economic calendar, education, cashback, rebates and bonuses. To learn about trading by following others, read the copy trading guide ; brokers' bonus offers are also updated on the bonuses page .

Deposits and withdrawals at PU Prime

Payment methods include credit and debit cards, bank wire, local payment methods and e-wallets. In Teagle's table, the minimum deposit for all methods is listed as $50, while the Cent account minimum deposit is $20; so before depositing, ask about the minimum for your chosen method. Deposits and withdrawals are free for all methods. Card, local and e-wallet deposits and withdrawals are stated as instant, and bank wire as 2 to 5 business days. The card withdrawal limit is $100000 and there is no limit for other methods.

PU Prime's score and risk on Teagle

PU Prime's final score on Teagle is 2.94 out of 5, derived from the average of two sources: WikiFX 4.21 and Forex Peace Army 1.67; the large gap between these two figures shows that user experience is not consistent. No reviews have been submitted by Teagle users yet. The Teagle Eye risk index for this broker is 24 out of 100, in the "low to medium risk" category, mostly due to its five active licenses and 11 years of history.

PU Prime pros and cons

• Pro: five active licenses, including ASIC and FSCA
• Pro: a variety of accounts, from the $20 Cent account to ECN
• Pro: MetaTrader 4 and 5, copy trading and Islamic account
• Con: no services for residents of Iran and no Persian support
• Con: Islamic account swap exemption only up to 7 days
• Con: low score on Forex Peace Army and requotes recorded on accounts

Who is PU Prime suitable for?

According to Teagle, PU Prime suits traders looking for a Cent account and high leverage, but it is not a good option for those who want cTrader; and for users residing in Iran, the official ban on services is the biggest obstacle. If you are interested in low-deposit accounts, see the low-deposit broker rankings and the PU Prime vs VT Markets comparison .

Conclusion

PUPrime has an acceptable track record in terms of licensing and account variety, but it is not official for Iranian users. If you decide to work with it despite this risk, start with a small amount, make a test withdrawal and follow new warnings on the risk warning page .