If you want to know whether PU PRIME is a reliable forex broker or not, please continue to read.
what is PU PRIME?
PU PRIME is founded in 2015, and PU PRIME claims itself to be a world-leading online broker. It offers over 200 products, including forex, indices, commodities, shares, and cryptocurrencies. PU PRIME provides services to 120 countries and regions. In addition, PU Prime has 19 global offices and offers support in over 18 languages.
Account Types
Four trading accounts are available with PU Prime: Cent, Standard, Islamic and Prime accounts.
Leverage
The maximum trading leverage offered is up to 1:500, a generous offering. High leverage is ideal for scalpers and professional traders. Since leverage can amplify gains as well as losses, inexperienced traders should take care to choose the proper amount that they feel most at ease with.
Spreads & Commissions
Spreads and commissions are determined by the trading accounts you are holding. Standard and Cent accounts are offered a zero-commission trading environment, accompanied by wider spreads, with spreads from 1.3 pips in these two accounts. Prime accounts and Islamic accounts offer raw spreads coming with a low commission of $3.5 per lot per side.
Trading Platform
PU Prime gives its clients three choices of trading platforms: WebTrader, MT4, and MT5, as well as a proprietary trading app. However, due to recent issue, the MT4 and MT5 may not be good choices for trading.
The legitimate license of PU PRIME
PU PRIME is a regulated broker. According to WikiFX, PU PRIME is regulated by CYSEC with license number 342/17. However, the FSA regulation with license number: SD050 is an offshore regulation. And this broker exceeds the business scope regulated by NFA (license number: 0528809) and FSCA (license number: 52218)
PU PRIME reviews on Brokersview
A broker’s bad record can be checked through Brokersview, the Brokersview review feature helps you get feedback from other traders and alerts you before risks start.
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