How To Start Trading With PUPRIME Broker (My Review)

PUPRIME

What’s up Traders, in this article, we’re going to be talking about How To Start Trading With PUPRIME Broker (Forex, CFD & Crypto).

A well-known online broker with over 200 instruments and copy trading is PUPrime. We’ll examine its regulation, account kinds, costs, methods of customer service, and more in our 2022 study. Find out if you should sign up for a real account with PUPrime right now.

 

PUPRIME Headlines

 

  • Trading Platform
  • Products
  • Fees
  • Leverage
  • Mobile App
  • PU Social 
  • PUPRIME Payments
  • Demo Trading
  • Offers & Promotions
  • Regulation
  • Extraordinary Qualities
  • Live Accounts
  • Benefits
  • Drawbacks
  • Trade Times
  • Customer Support
  • Security
  • PUPRIME Conclusion

Since its establishment in 2015, PUPrime has provided online brokerage services to clients in more than 120 different nations. 

Currently, there are about 130,000 live trading accounts, and the company offers multilingual services to meet the needs of its international clientele.

The company employs 200 people who provide customer service around-the-clock from 14 offices across the world.

Because the broker doesn’t use a dealing desk, it may offer better pricing, fewer outages, and a wide range of liquidity. 

The Seychelles Financial Services Authority and the Cyprus Securities and Exchange Commission both have authority over and oversee PUPrime.

 

Trading Platform

 

  • Web Trader
  • MetaTrader 4
  • MetaTrader 5

The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals are both available from PUPrime. Both are free to download for PC and desktop devices and are widely recognised platforms. 

Clients can trade immediately through all popular web browsers without the need to download any additional software because the broker also hosts the Web Trader interface. The platforms’ features are as follows:

 

Web Trader

Compatible with MAC, Linux, and Windows

  • 3 Sorts of charts
  • 9 Timeframes
  • Instantaneous trading
  • Current quotes
  • 24/7 online support
  • 30 Technical indicators
  • Trustworthy data protection
  • Sophisticated market depth
  • Supports all forms of trading operation
  • Accounting techniques for netting and hedging
  • For technical analysis, 24 graphical objects

 

MetaTrader 4

 

  • 3 Sorts of charts
  • 9 Timeframes
  • Instantaneous trading
  • Streaming real-time prices
  • 4 Types of pending orders
  • 24 charting tools for analysis
  • Instantaneous execution and access
  • Programming language MQL4
  • Access to knowledgeable advisors (EAs)
  • Multilingual, user-friendly interface
  • More than 50 built-in technical indicators

 

MetaTrader 5

 

  • 8 Different order types
  • 21 Timeframes
  • Instantaneous trading
  • Current market news
  • Advanced trading bots
  • More than 80 integrated technical indicators
  • Mood and the economic calendar
  • Decide on take-profit and stop-loss thresholds.
  • Customizable charts, 100 charts can be viewed at once
  • There are four sorts of pending orders: pending, stop, and trailing stops.

 

Products

200+ assets are available to trade on PU Prime’s global markets:

Commodities: Speculate on agricultural products, energy, and precious metals as commodities.

Indices: Trade many international indices, such as the Dow Jones, Nasdaq, and S&P 500.

Forex: 30+ major and minor currency pairs, including EUR/USD and USD/JPY.

Cryptocurrencies: 6 well-known cryptocurrency/USD pairs, including Bitcoin, Ethereum, and Litecoin.

Shares: Trade CFDs on shares of some of the greatest firms in the world, including as Amazon, VISA, Tesla, and IBM.

 

Fees

Different account types have different fees. With quotes obtained directly from significant liquidity suppliers, the Prime solution offers the narrowest spreads. 

Spreads can be zero pip at periods of high liquidity. Major currency pairings including EUR/GBP and USD/CAD were available at 1.9 and 0.4 pip spreads on the Standard and Prime accounts, respectively.

The price of gold was 3 pip instead of 2 pip on the Prime account. The trading platform interface or the broker’s website both contain a complete list of spreads broken down by instrument.

On all trades carried out through the Pacific Union Standard account, no commission is due. The majority of trading instruments inside the Prime account have a $3.50 commission per side. 

Although it is encouraging that the broker does not impose an inactivity fee, swap rates do apply to positions held overnight.

 

Note: I’ll earn a referral fee (No any extra fee for you) if you sign up with them. But they are reliable in my opinion (as of this writing). I always want and find the best for you so that you don’t get into trouble.

 

Leverage

By initial investment and trade size, PUPrime’s possible leverage varies. The possible leverage is capped at 1:500. 

I would advise adopting risk management techniques if using this rate because it is so high. 

An investor can control a larger deal size the more leverage is being applied. The availability of leverage is broken down 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

 

Mobile App

A brand-new, exclusive mobile app from PUPrime is accessible for free download on iOS and Android devices. 

Investors may access all trading capabilities while on the go thanks to the straightforward, user-friendly design and powerful functionality.

Fast execution times, news about the world’s markets, multi-account administration, round-the-clock customer service, and trading reports are all offered. 

Both MetaTrader 4 and MetaTrader 5 have mobile apps that may be downloaded. Anywhere you are, you can access the whole trading functionality of the desktop platform, analytical tools, and customizable charts and graphs.

 

PU Social 

In 2022, PUPrime unveiled a custom social trading platform. Customers can track the positions and tactics of the broker’s top traders using the App Store and Google Play. 

For more inexperienced traders who want to learn about various assets and trading strategies, this is an especially alluring offer.

PU provides a wealth of information, such as information on monthly returns and markets traded, to assist newcomers in finding the best Master Trader for their needs. 

The flexibility of trading parameters, such as position sizes and live order modifications, is also maintained by traders.

The PU Social application can offer a second source of income for experienced traders. Master Traders have the option of charging a commission on successful transactions or a subscription fee. 

To get started, investors only need to have a live account and download the broker’s copy trading app from the appropriate app store.

 

PUPRIME Payments

 

  • Deposits
  • Withdrawals

 

Deposits

Prime offers traders a variety of base currencies and customizable deposit alternatives. No account financing method is subject to a cost from the broker; however, third parties may impose fees. 

There is a $50 minimum deposit requirement and several maximum limitations. Top ways for deposits 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

 

Withdrawals

The bulk of withdrawal options with PUPrime are cost-free, although some do have a modest fee. Instead of being determined by the broker, this is an outside fee. 

For instance, Neteller charges a transaction fee of 2% for each withdrawal. Withdrawals from Skrill will be charged a 1% fee.

The minimum withdrawal amount for all methods is $40, but there are several types of limits. 

Withdrawals under $100 will be charged a handling fee of $20 or an equivalent amount in another currency. 

The longest processing period for withdrawals of funds is two to five business days for bank wire transfers.

Electronic payments made using credit/debit cards and their processing times can vary based on the issuing bank and receiving bank.

 

Get trading with PUPRIME in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create PUPRIME Account Click Here

 

Demo Trading

The Pacific Union website offers a free demo account in more than 10 base currencies. 

These accounts provide a safe environment for strategy testing, execution practise, and platform feature navigation.

On the MT4 or MT5 trading terminals, PUPrime traders have access to up to $100,000 in virtual funds and can observe real-time trading conditions and prices. 

Opening a paper trading account also gives you the option of choosing a leverage of up to 1:500. An account must be opened by registering online using a short form.

Please be aware that these accounts expire automatically after 60 days.

 

Offers & Promotions

PUPrime was promoting a number of cash incentives at. A $50 no-deposit bonus and a 50% credit bonus up to $500 were included in this. 

There are no restrictions on promotions because the broker is not overseen by a body that regulates the European Union. 

There is also a refer-a-friend programme available, where traders can receive up to $150 for each person who creates a live account and meets the requirements.

Before creating an account, you should carefully read the terms and conditions for bonus claims because there can be withdrawal limitations.

 

Regulation

The Seychelles Financial Services Authority and the Cyprus Securities and Exchange Commission both have full regulatory authority over PUPrime (formerly Pacific Union). 

Negative balance protection and segregated client funds are two features that PU offers that are comparable to those offered by premier regulatory bodies like the FCA.

Your capital will be protected in the event of business insolvency. Additionally, the broker conducts rigorous corporate governance compliance audits and uses top financial institutions to offer consumers the greatest interbank liquidity.

 

Extraordinary Qualities

We were glad to learn that PUPrime provides a variety of analysis tools and educational materials. This covers daily news updates, market reports, and instrument technical analysis. Also featured in daily video posts is market research.

Although there are beginner-friendly themes, there are also more sophisticated pieces for those with more experience. 

Themes covered include market basics, risk management, understanding indicators, and trading psychology. 

Along with visual demonstrations of important subjects, supporting video information is also offered.

It is also encouraging to note that a variety of helpful tools, such as an economic calendar, a currency converter, and a keyword glossary, can be accessed online along with webinars presented by professionals in the field.

 

Live Accounts

 

  • Standard
  • Prime
  • Cent

PUPrime provides Standard and Prime online trading account options. Both provide access to all products, different base currencies, no dealing desk order execution, and the greatest amount of leverage possibilities. 

A Cent account can also be created. These are perfect for novice investors who want to start with modest sums. These are specifics about the account types:

 

Standard

 

  • No commission
  • 120% margin call
  • Hedging available
  • Spreads from 1.3 pips
  • Leverage up to 1:500
  • 0.01 lots minimum order size
  • Minimum deposit of $50 or equivalent currency

 

Prime

 

  • 120% margin call
  • Hedging available
  • 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

 

Cent

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

The process of opening a live account with PU Prime is quick and simple. 

Customers are expected to comply with Know Your Customer (KYC) compliance and complete an online registration form as well as submit identify verification papers, such as proof of residency.

PU also provides a trading account for Muslims. Upgrading to this swap-free version from a live account is possible with the brokerage’s consent. 

For the management of open position accounts, there are administrative fees.

 

Benefits

 

  • No-cost deposits
  • Private mobile application
  • Market execution directly
  • Islamic account without swaps
  • Negative balance defence
  • Customer service that is multilingual
  • Demo account with fictitious money
  • Low minimum deposit amount necessary
  • PU Social’s copy trade functionality
  • Mobile apps and the widely used MT4 and MT5 terminal

 

Drawbacks

 

  • Regulation of offshore
  • Withdrawal fees under $100
  • The majority of Prime account instruments are subject to commission

 

Trade Times

Trading hours Monday through Friday are 24 hours, but they differ depending on the instrument. 

Keep in mind that servers and charts use GMT +2 or GMT +3. On the broker’s website, you may see complete timings by instrument as well as forthcoming market holiday dates.

 

Customer Support

PUPrime provides the following customer service seven days a week, plus on Sunday from GMT+3 4:00 to 5:00:

  • Live chat
  • Online contact form
  • Global address finder
  • Email – [email protected]
  • Telephone – +248 4671 948

 

Security

Both the trading floor and portal access require a password. An SSL certificate is used to encrypt any personal data transferred between client terminals and platform services. 

The MT4 and MT5 trading terminals provide industry-standard data privacy, secure login features, and two-factor authentication.

 

PUPRIME Conclusion

A strong direct-to-market execution trading environment is provided by PUPrime. Low fees and flexible leverage make it possible to tailor it to any trading plan. 

I appreciated the availability of reputable trading platforms, a range of customer support choices, a demo account, and low-deposit options.

The negative balance protection and segregated client money should reassure customers, even though the chosen regulating body isn’t well-known in the financial sector.

 

Get trading with PUPRIME in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create PUPRIME Account Click Here

 

Questions about PUPRIME

 

  • PUPRIME is regulated, right?
  • Which Trading Platforms is PUPRIME providing?
  • How much of a Deposit must you make to open a PUPRIME account?
  • What options for customer service does PUPRIME provide?
  • What kind of accounts is PUPRIME offering?

 

PUPRIME is regulated, right?

Yes, both the Cyprus Securities and Exchange Commission and the Seychelles Financial Services Authority have authorised and regulated PUPrime (formerly known as Pacific Union). 

Negative balance protection and customer funds that are kept separate are two requirements of the authority’s rules.

 

Which Trading Platforms is PUPRIME providing?

The well-known MetaTrader 4 and MetaTrader 5 trading terminals are available through PUPrime. 

Both offer complex trading capabilities, including as technical indicators, individualised user interfaces, and intricate graphs and charts.

 

How much of a Deposit must you make to open a PUPRIME account?

Opening a live trading account with PUPrime requires a minimum deposit of $50 or an equivalent amount in another currency. 

Note that the owner and management team reserve the right to adjust the minimum deposits, which may vary depending on the account financing type.

 

What options for customer service does PUPRIME provide?

PUPrime provides 24/7 multilingual client service. A live chatbot, the number +248 4671 948, and email [email protected] are all included.

 

What kind of accounts is PUPRIME offering?

Numerous live account kinds with direct-to-market execution are available with PUPrime. 

Among them are Standard, appropriate for beginning investors, and Prime, which has more sophisticated trading capabilities and a larger minimum deposit requirement. The broker also provides an Islamic trading account and a Cent account.

 

Get trading with PUPRIME in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create PUPRIME Account Click Here

 

Final words

Okay, so that’s it I’ve come to the end of this presentation, I hope you’ve enjoyed it and if you really do please write a comment and click the share buttons smash it right, and click to subscribe bell to Allow notifications be updated.

Whenever, I publish content like, this and finally any questions or feedback let me know below and I’ll do my best to help, so with this guide, I hope you got value out of this presentation, I wish you good luck and good trading and I’ll talk to you soon you.

 

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