WikiFX Review: PU Prime- Something you need to know about this broker

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of PU Prime based on the facts.

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Table of Contents

1. Evaluate the reliability of PU Prime based on its general information and regulatory status.

A. General Information of PU Prime

B. Regulatory Status

2. Information on Twitter

3. Special survey about PU Prime from WikiFX

Scoring Criteria

4. Conclusion

1. Evaluate the reliability of PU Prime based on its general information and regulatory status

To understand PU Prime better, we explore PU Prime by analyzing three main perspectives:

A. General Info of PU Prime

B. Regulatory Status

A. General Info of PU Prime

PU Primes general info has been shown below:

(source: WikiFX)

General Information

PU Prime is an online forex broker offering its clients access to more than 200 trading instruments. With a global business layout in over 120 countries, this brokerage claims to offer spreads as low as 0.0 pips, and 24x5 customer support to create a better trading environment.

Market Instruments

With PU Prima e, a trader can get access to a bulk of more than 200 trading instruments. Different classes of trading instruments including forex currency pairs, indices, commodities, shares, es, and cryptocurrencies are all available on this brokerage platform

Account Types

Four trading accounts are available with PU Prime: Cent, Standard, Islamic and Prime accounts. To open the first three accounts, a low amount of $50 is enough. And if you want to be a Prime account holder, you need to fund at least $1,000.

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 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.

(Source: WikIFX)

B. Regulatory Status

What is a Legitimate License？

• The legitimate license is the business license issued by the financial regulatory institution of each country/region.

• Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.

• Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.

• The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

Is PU Prime legit？

Yes, PU Prime is a regulated broker. It is regulated by CYSEC with license number: 342/17 and FSA with license number: SD050.

(source: WikiFX）

(source: WikiFX）

2. Information on Twitter

To figure out whether PU Prime is a scammer or not, we made a survey about PU Prime on Twitter.

Reviews on Twitter:

(Source: Twitter)

PU Prime has an official Twitter account, which is registered in April 2020. As of August 5, 2022, It has 653 followers.

3. Special survey about PU Prime from WikiFX

Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

PU Prime has been given by WikiFX a decent rating of 6.94/10.

(source: WikiFX)

4. Conclusion:

PU Prime is an award-earning broker. Recently, this broker picks up the “Best Mobile Trading App Europe 2022”. We believe that this broker is solid but WikiFX still needs to remind you to do more research and make yourself comfortable before investing in this broker. After all, no forex broker is absolutely safe to invest in. WikiFX contains details of more than 31,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek brokers that you are curious about.

Click on PU Prime' WikiFX page for details