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PU Prime , FOREX EXCHANGE Broker Comparison

Do you want to know which is the better broker between PU Prime and FOREX EXCHANGE ?

In the table below, you can compare the features of PU Prime , FOREX EXCHANGE side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
PU Prime
4.47
Offshore Regulatory
Under guarantee
2-5 years
FSA,FSCA
Bank transfer,MASTER,Neteller,Skrill,fasapay,VISA
B
B
523.7
390
390
421
1953
1953
780
AA

EURUSD: -3

XAUUSD: 0.1

-18
-18
--
A
16.12 USD/Lot
26.55 USD/Lot
C
--

Long: -169.4

Short: 103.95

A
0.9
84.5
Cent,ECN,Standard,Prime,Pro
All Products
$20
1:500
From 1.3
0.00
--
0.01
--
FOREX EXCHANGE
8.16
Regulated
Under guarantee
--
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

PU Prime BrokersRelevant information

PU Prime 、 FOREX EXCHANGE BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of pacific-union, forex-exchange lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

pacific-union
Feature Detail
Registered Country/Region Australia
Found 2019
Regulation Regulated by CYSEC and FSA
Market Instrument Forex, Indices, Metals, Commodities, Shares, Cryptocurrencies, ETFs, and Bonds
Account Type Standard, Pro, Islamic, Cent and Prime
Demo Account Yes ($100,000 virtual capital)
Maximum Leverage 1:1000
Spread Vary on the account type
Commission Vary on the account type
Trading Platform MT4, MT5, WebTrader, or the PU Prime App
Minimum Deposit $20
Deposit & Withdrawal Method Bank Transfer, MasterCard, VISA, Neteller, Skrill, BTC/USDT, AliPay, FasaPAY, UnionPay
Educational Resources Webinars, eBooks, Video tutorials
Trading Tools Autochartist, Economic Calendar
Negative balance protection Yes

Overview of PU Prime

PU Prime is a forex and CFD broker that was founded in 2016 and is based in Australia. The broker offers a wide variety of trading instruments, including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs. PU Prime provides five different account types to cater to the diverse trading needs of its clients. These account types include Cent, Standard, Prime, Pro, Islamic, with each account offering different features and benefits such as minimum deposit requirements, spreads, and leverage.

Leverage offered by PU Prime varies depending on the trading account chosen by the trader, ranging from 1:500 to 1:1000. The minimum deposit required to open an cent account with PU Prime is $20.

Spreads offered by PU Prime are competitive and vary depending on the account type and the instrument being traded. PU Prime offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients, which is known for its user-friendly interface and advanced trading tools.

PU Prime offers a range of options for traders to get in touch with their support team, including phone, email, and live chat. Besides, they also provide educational resources and trading tools.

basic-info

Is PU Prime legit or a scam?

PU Prime is a regulated broker that is authorized and licensed by two major regulatory bodies: the Cyprus Securities and Exchange Commission (CYSEC) and the Financial Services Authority (FSA) of Seychelles. As a regulated broker, PU Prime adheres to strict regulatory requirements.

Pacific Union Group Ltd, its Cyprus entity, is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 342/17.

regulation

Pacific Union (Seychelles) Limited, is authorized and regulated by The Seychelles Financial Services Authority (FSA) under regulatory license number SD050.

regulation

Pros and Cons

PU Prime offers several advantages for traders, including a wide range of tradable instruments, low spreads, high leverage, and user-friendly trading platforms. Additionally, PU Prime provides excellent customer support, educational resources, and a variety of account types to cater to different traders' needs. However, there are some potential downsides to consider as well. PU Prime charges high non-trading fees, which may be a deterrent for some traders. Additionally, the broker's minimum deposit requirements for some account types may be higher than what some traders are comfortable with.

Pros Cons
Regulated by CYSEC Limited range of trading instruments
Multiple account types No 24/7 customer support
Negative balance protection No proprietary trading platform
Low minimum deposit Limited bonuses and promotions
Competitive spreads and commissions No guaranteed stop loss order
High leverage up to 1:1000
MetaTrader 4 & 5 supported
Mobile trading available
Multilingual customer support
Rich Educational and trading tools
Wide selection of payment methods

Market Intruments

PU Prime offers a diverse range of market instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.

Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.

Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.

market-instruments
Pros Cons
Offers a wide range of trading instruments including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs The number of available instruments may be overwhelming for some traders
Provides access to various global markets through a single platform Some of the less popular instruments may have wider spreads
Low spreads for major Forex pairs and other popular instruments Higher spreads for some of the less liquid markets
Competitive leverage for Forex and CFD trading High leverage can lead to higher risks and potential losses
Availability of various trading platforms, including MT4 and MT5 Limited options for traders who prefer other platforms
Daily market analysis and research provided by the broker Limited educational resources for beginner traders

Account Types

PU Prime offers five different account types to cater to the diverse trading needs of its clients. The account types include Cent, Standard, Prime, Pro, and Islamic.

The Cent account is designed for beginner traders who want to start trading in small amounts. This account type has a minimum deposit requirement of just $20 and offers fixed spreads, making it an ideal choice for those who are new to trading.

The Pro account seems to be designed for traders who are just starting out in forex trading. This account type requires a minimum deposit of $50 and offers spreads from 1.3 pips.

The Standard account is the most popular account type and is suitable for most traders. It requires a minimum deposit of $50 and offers variable spreads. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Prime account is designed for advanced traders who require fast execution speeds and tight spreads. This account type requires a minimum deposit of $1,000 and offers ECN spreads starting from 0 pips. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Islamic account is designed for clients who require Sharia-compliant trading solutions. This account type offers swap-free trading and is available to clients of all levels.

Other account features include

  • Expert Advisors (EA) trading tool

  • Negative balance protection

  • Autochartist

  • Trading signals

  • Daily news update

  • Market analysis (daily live-broadcast)

  • Economic calendar

account-types
Pros Cons
Competitive minimum deposit requirements across all account types Higher spreads on Cent and Standard account types compared to Prime accounts
A wide range of account types with different features to suit various traders' needs Limited leverage options on Cent and Standard account types compared to Prime and Pro
Islamic account option available for Muslim traders Commission-based trading only available for Prime and Islamic account holders
Access to Autochartist for traders with Prime and Pro account types No bonus or promotional offers available for any account types
No deposit fees for all account types and a range of deposit and withdrawal options available

How to open an account?

  • To open an account with this broker, you need to first visit their website and click on the “Live Account” button.

open-account
  • You will be required to fill out a registration form with your personal information, such as your name, email address, and phone number.

open-account
  • After completing the registration form, you will need to verify your identity by submitting some form of identification, such as a passport or driver's license. You may also be required to submit proof of address, such as a utility bill or bank statement.

  • Once your account is verified, you can proceed to make a deposit. The minimum deposit amount varies depending on the type of account you have selected. You can make a deposit using various payment methods such as bank transfer, credit/debit cards, and electronic payment systems.

  • Once your deposit has been processed, you can start trading using the trading platform provided by the broker. You may also be required to complete some additional steps such as setting up your trading account and configuring your account settings before you can start trading.

Leverage

PU Prime offers leverage of up to 1:500, which is a relatively high leverage compared to other brokers in the industry. The high leverage can be beneficial for traders who want to take larger positions with a smaller capital investment. However, it is important to note that high leverage also comes with high risk, as losses can exceed the initial investment. Therefore, traders should exercise caution and ensure they fully understand the risks involved before using high leverage. PU Prime also offers the option for traders to choose lower leverage levels based on their preference and risk tolerance.

Spreads & Commissions (Trading Fees)

Spreads and commissions, also known as trading fees, are the costs that traders incur when opening and closing positions on the market. PU Prime offers variable spreads starting from as low as 1.3 pips for its Cent, Standard, Pro and Prime account types. Additionally, this broker offers a zero-commissions trading environment on its Cent, Prime and Pro accounts. Islamic and Prime accounts charge a commission of $3.5 per lot per side.

account-types

Non-Trading Fees

Non-trading fees are the fees that brokers may charge their clients for services not directly related to trading, such as deposits, withdrawals, account inactivity, and currency conversion. Here is an overview of the non-trading fees of PU Prime:

Deposits: PU Prime does not charge any fees for deposits made through bank transfers, credit/debit cards, or e-wallets. However, clients should check with their payment providers for any fees they may charge.

Withdrawals: PU Prime does not charge any fees for withdrawals made through bank transfers or e-wallets. However, for withdrawals made through credit/debit cards, the broker charges a fee of 2% of the withdrawal amount, with a minimum of $5 and a maximum of $30.

Account Inactivity: If a client's account remains inactive for a period of 180 days, PU Prime will charge an inactivity fee of $15 per month until the account is reactivated or the balance is reduced to zero.

Currency Conversion: PU Prime charges a fee of 2% for currency conversions on deposits or withdrawals made in a currency different from the account's base currency.

Trading Platform

PU Prime offers two of the most popular trading platforms in the industry, MT4 and MT5. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options. Traders can also use Expert Advisors (EAs) and algorithmic trading strategies through these platforms.

MT4 is known for its stability, security, and user-friendly interface. It has a wide range of features that make it an ideal choice for both novice and experienced traders. On the other hand, MT5 is the newer version of the platform that comes with additional features and tools, including an economic calendar, more technical indicators, and a built-in strategy tester.

trading-platform

Here is a table format for the comparison of trading platforms between PU Prime and other brokers:

Broker Trading Platforms
PU Prime MT4, MT5
FBS MT4, MT5
Legacy FX MT4, Sirix
IC Markets MT4, MT5, cTrader
FP Markets MT4, MT5, IRESS, WebTrader

Autochartist

PU Prime offers the Autochartist tool to its clients, which is a powerful technical analysis tool that scans the market for trading opportunities based on chart patterns, Fibonacci patterns, and key levels. Autochartist also provides traders with an estimated probability of success for each opportunity and can be accessed through the MT4 and MT5 platforms.

Traders can use the Autochartist tool to identify trading opportunities and set up automated trading strategies based on their analysis. This tool can also be used to set up price alerts and receive notifications when a specific trading opportunity presents itself.

autochartist

Deposit & Withdrawal

PU Prime offers a variety of deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.

Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method. PU Prime also reserves the right to request additional documentation to verify the client's identity and protect against fraud.

deposit-withdrawal

Customer Support

PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/5, from Monday to Friday. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more. Overall, PU Prime's customer support is considered to be of high quality, and the broker is dedicated to providing its clients with exceptional trading experience.

customer-support

Educational Resources

PU Prime offers a variety of educational resources for its traders. These resources include video tutorials, a blog, e-books, and a glossary. The video tutorials cover a wide range of topics, including basic trading concepts, technical analysis, and strategies for trading different financial instruments. The blog provides traders with up-to-date market news, analysis, and commentary. The e-books are designed to provide in-depth knowledge on specific trading topics, such as chart patterns and trading psychology. The glossary is a comprehensive reference tool that defines key terms and concepts used in trading.

educational-resources
educational-resources
educational-resources

Conclusion

Overall, PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to cater to the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis. The educational resources provided by the broker are extensive, providing valuable information for both new and experienced traders.

However, there are also some drawbacks to consider. The minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep. Additionally, the broker does not offer any bonuses or promotions to its clients, which may be a disadvantage for traders looking for incentives to trade.

Broker Founding Year Regulation Minimum Deposit Spreads and Commissions Instruments Trading Platforms Funding Methods
PU Prime 2016 CySEC, FSA $20 Variable spreads from 0.0 pips Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs MT4, MT5 Bank wire, Credit/debit card, Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more
AvaTrade 2006 ASIC, Central Bank of Ireland, FSCA, FSA, FSC, BVIFSC $100 Variable spreads from 0.9 pips Forex, Indices, Commodities, Cryptocurrencies, Stocks, ETFs, Bonds MT4, MT5, AvaTradeGO, AvaOptions Credit/debit card, Bank transfer, PayPal, Skrill, Neteller, WebMoney
XM 2009 ASIC, CySEC, IFSC $5 Variable spreads from 0.0 pips Forex, Indices, Commodities, Cryptocurrencies, Metals, Stocks, Energies MT4, MT5 Credit/debit card, Bank wire transfer, Skrill, Neteller, WebMoney, and more
Pepperstone 2010 ASIC, FCA, DFSA, SCB $200 Variable spreads from 0.0 pips Forex, Indices, Commodities, Cryptocurrencies, Stocks MT4, MT5, cTrader Credit/debit card, PayPal, POLi, Bank transfer, Neteller, Skrill
IG 1974 ASIC, FCA $0 Variable spreads from 0.6 pips Forex, Indices, Commodities, Cryptocurrencies, Stocks, Bonds MT4, IG Web Platform, L2 Dealer, ProRealTime, APIs Credit/debit card, Bank transfer, PayPal, BPAY

FAQs

  • Q: Is PU Prime a regulated broker?

A: Yes, PU Prime is regulated by both CySEC and FSA.

  • Q: What trading instruments does PU Prime offer?

A: PU Prime offers a range of trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.

  • Q: What account types are available at PU Prime?

A: PU Prime offers several account types, including Cent, Standard, Prime, Pro, and Islamic.

  • Q: What is the minimum deposit required to open an account with PU Prime?

A: The minimum deposit required to open an account with PU Prime varies depending on the account type chosen. The Cent account has a minimum deposit of $20, while the Prime account has a minimum deposit of $1,000.

  • Q: What is the maximum leverage offered by PU Prime?

A: PU Prime offers a maximum leverage of 1:000.

  • Q: What trading platforms are available at PU Prime?

A: PU Prime offers both the MT4 and MT5 trading platforms.

  • Q: What deposit and withdrawal methods are available at PU Prime?

A: PU Prime offers a range of deposit and withdrawal methods, including bank wire, credit/debit card, Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more.

  • Q: Does PU Prime offer educational resources for traders?

A: Yes, PU Prime provides educational resources such as video tutorials, a blog, e-books, and a glossary.

  • Q: What is Autochartist and does PU Prime offer it?

A: Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.

forex-exchange
Basic Information
Registered Country/Region Japan
Regulation FSA
Founding Time 2004
Minimum Deposit No limitation
Maximum Leverage 1:25
Minimum Spreads From 0.7 pips on EUR/USD
Trading Platform MT4 trading platfom
Trading Assets Currency pairs, commodity futures and stock futures
Payment Methods Regular bank transfers and quick transfers
Customer Support 5 /24 Live Chat, Phone, Emails

General Information & Regulation

FOREX EXCHANGE was established in 2004, registered for financial futures trading business in January 2006, joined the Financial Futures Trading Association in February 2006, and registered for first-class financial instruments business in September 2007. In 2008, FOREX EXCHANGE moved its headquarters to Tokyo, and in November of the same year, it registered for the second financial instruments business, and in 2009, it registered for investment advice/institutions, and in April of the same year, it joined the Japan Investment Advisors Association. FOREX EXCHANGE's business also includes forex margin trading in accordance with the Financial Instruments and Exchange Act and all related businesses. FOREX EXCHANGE currently holds a retail foreign exchange license authorized by the Japan Financial Services Agency (Regulatory No. 2010001141146).

Market Instruments

Investors on the FOREX EXCHANGE platform can trade popular currency pairs in the foreign exchange market, as well as commodity futures and stock futures.

Minimum Deposit

There is no initial minimum deposit requirement, but investors are advised to deposit at 100,000 JPY into their MT4 account.

Spreads & Commissions

The EURUSD spread is 0.7 pips, the USDJPY spread is 0.6 pips, the minimum spread for EURJPY is 0.7 pips, the minimum spread for GBPJPY is 1.4 pips, and the spread for AUDJPY is 1 pip.

Trading Platforms Available

Traders trading with FOREX EXCHANGE can apply the MT4 trading platform, which is currently the most popular platform in the market. Since its release in 2005, the MT4 trading platform has become a popular platform for financial institutions and investors worldwide due to the convenience of the trading system and the ability to customize charts freely. The most attractive aspect of MT4 is that it can automatically buy and sell, and users can view exchange rates to buy and sell, and by pre-determining trading rules, trades can be made automatically.

Deposit and Withdrawal

Traders can make deposits to their investment accounts via regular bank transfers and quick transfers. A regular bank transfer is a method of transferring funds to the company's designated account at Internet banking, ATMs, or over-the-counter at financial institutions. The quick transfer is a method of transferring funds from a trader's computer or smartphone to [My MT4]. The client is responsible for transfer fees when transferring funds to the bank account designated by FOREX EXCHANGE. Withdrawals are, in principle, free of charge, but if the withdrawal amount is less than 10,000 yen and the withdrawal amount exceeds 5 times per month, a fee of 540 yen will be charged for each withdrawal.

Pros & Cons of FOREX EXCHANGE

Pros Cons
FSA-regulated ONLY MT4 supported
MT4 trading platform available Conservative leverage
Competive spreads
No minimum deposit requirements
Commodities & Stocks also available

Customer Support

If clients have any inquiries or trading-related issues, they can get in touch with FOREX EXCHANGE through the following contact channels:

Telephone: +81 03-3537-2311

Email: support@forex-exchange.com

Are the transaction costs and expenses of pacific-union, forex-exchange lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive pacific-union and forex-exchange are, we first considered common fees for standard accounts. On pacific-union, the average spread for the EUR/USD currency pair is From 1.3 pips, while on forex-exchange the spread is --.

Which broker between pacific-union, forex-exchange is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

pacific-union is regulated by FSA,FSCA. forex-exchange is regulated by FSA.

Which broker between pacific-union, forex-exchange provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

pacific-union provides trading platform including Cent,ECN,Standard,Prime,Pro and trading variety including All Products. forex-exchange provides trading platform including -- and trading variety including --.

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