PU Prime Information

PU Prime is a forex and CFD broker founded in 2015 and headquartered in Australia. The broker provides global traders with access to a wide range of financial instruments including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, and ETFs.

PU Prime operates under multiple regulatory frameworks across different jurisdictions. The broker is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles, the Financial Services Commission (FSC) in Mauritius, the Financial Sector Conduct Authority (FSCA) of South Africa (License No. 52218), and also references regulatory oversight from the Capital Markets Authority (CMA).

PU Prime offers several account types including Cent, Standard, Prime, ECN, and Islamic accounts, designed to meet the needs of traders with different experience levels and trading strategies. Each account type features varying spreads, leverage levels, and deposit requirements.

Leverage offered by PU Prime ranges from 1:500 to 1:1000, and the minimum deposit required to open a Cent account starts from $20, making the broker accessible to beginner traders.

Is PU Prime Legit?

PU Prime is regulated across several jurisdictions. The broker holds regulatory oversight from the Australian Securities and Investments Commission (ASIC) under a Market Making (MM) license. It is also regulated by the Financial Services Authority (FSA) in Seychelles with an offshore derivatives trading license and the Financial Services Commission (FSC) in Mauritius with an active securities trading license.

In addition, PU Prime references regulatory coverage from the Financial Sector Conduct Authority (FSCA) of South Africa (License No. 52218) and the Capital Markets Authority (CMA), further strengthening its global regulatory presence.

Pros and Cons

Market Intruments

PU Prime offers some popular 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.

Account Types

As for trading accounts, four options are available: Cent, Standard, Prime, and ECN.

All account types offer high leverage (up to 1000x), support MT4/MT5 platforms, and mobile apps, with most available as Islamic accounts. The Standard and Cent accounts are suitable for beginners and low-risk traders, with low minimum deposits and no commission fees. The Prime and ECN accounts cater to high-frequency traders, offering lower spreads and faster execution but requiring higher minimum deposits and charging commissions. The ECN account provides quotes directly from tier-1 liquidity providers and is also available as an Islamic (swap-free) account.

Fees

PU Prime offers different fees based on account types (Standard, Prime, ECN).

For Forex trading, spreads range from 1.6 pips for Standard accounts to 0.2 pips for Prime accounts.

Commission fees are applied for Prime and ECN accounts, while Standard accounts have no commission.

Swaps vary by product, with positive or negative charges depending on the position (long or short).

Example：

• AUDUSD (Australian Dollar vs US Dollar)
• Spread: 1.6 pips (Standard), 0.2 pips (Prime), 1 pip (ECN)
• Commission: None for Standard, commission rates are applied for Prime and ECN accounts.
• Swap (Long/Short): -0.81 (Long), -0.15 (Short)
• Max Leverage: 1000

Trading Platform

PU Prime offers three choices of the most popular trading platforms in the industry: MT4, MT5, PU Web Trader, PU Prime App. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options.

Deposit & Withdrawal

PU Prime offers over 10 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 Copy Trading

PU Prime's copy trading feature, available through the PU Prime App, enhances the trading experience, especially for those who are new to financial markets.

Through the PU Prime App, users can easily select and follow experienced master traders. By copying the strategies of professional traders, users can automatically replicate trades in their own accounts.

Simply choose a professional trader within the app and start copying their trades to potentially achieve similar trading results.

This feature simplifies the learning curve and allows traders to benefit from the expertise of experienced market participants.

Customer Support

PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/7. 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.

Conclusion

PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to satisfy 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.

However, 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.

FAQs

What tradable instruments does PU Prime offer?

PU Prime offers access to popular trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.

What is Autochartist and does PU Prime offer it?

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

Is PU Prime good for beginners?

Yes, Pu Prime is a solid choice for beginners, as it is a strictly regulated broker that allows low-budget trading, and it also offers both MT4 and MT5 and solid educational contents.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.

What is GKFX Prime?

GKFX Prime is an online forex and CFD broker that was established in 2012. The broker is based in the United Kingdom. GKFX Prime provides traders with a range of trading instruments, including forex, indices, commodities, and cryptocurrencies. They offer various account types and trading platforms, including the popular MetaTrader4 and MetaTrader5 platforms. GKFX Prime also provides educational resources and customer support in multiple languages.

What Type of Broker is GKFX Prime?

GKFX Prime is a Straight Through Processing (STP) broker that offers clients direct access to interbank markets without the need for a dealing desk or human intervention. This means that trades are executed instantly and efficiently without any conflict of interest between the broker and the client.

Pros & Cons

Is GKFX Prime Safe or Scam?

As GKFX Prime is an unregulated broker, its reliability may be a concern for some traders.

Heres the revised table without the last column:

Notes:

• The “Suspicious Clone” status indicates that the claimed licenses might not be authentic and could be falsified.
• Traders are strongly advised to independently verify these claims with the respective regulatory authorities.

Market Instruments

GKFX Prime offers 400+ financial instruments to trade, including forex, commodities, indices, stocks, and cryptocurrencies.

Forex: over 50 currency pairs, including major, minor, and exotic pairs.

Commodities: including gold, silver, oil, and natural gas.

Indices: over 20 global indices, including popular indices like the S&P 500, FTSE 100, and DAX 30.

Stocks: over 300 stocks from companies listed on exchanges in the US, UK, Germany, and France.

Cryptocurrency: including Bitcoin, Ethereum, and Litecoin.

Account Types

Apart from free demo accounts, there is a large variety of live trading accounts available at GKFX Prime, and each one is tailored to the specific requirements of the clients.

A trader's risk appetite, the quantity of their initial investment, and the amount of free time they have daily to devote to trading the Forex market are all important considerations when deciding which account type will best suit their needs.

The account types include the following: Standard Fixed, Standard Variable, VIP Variable and ECN Zero. Additionally, Islamic accounts are available for clients who follow Sharia laws. There is no minimum deposit requirement for Standard Fixed, Standard Variable and ECN Zero accounts, while $5,000 for VIP Variable accounts.

Leverage

The maximum leverage offered by GKFX Prime is 1:400. However, the leverage available to you may vary depending on your location and the regulatory restrictions in place.

Spreads & Commissions

Different account types have different trading conditions. Specifically, Standard Fixed accounts have spread from 1.8 pips and no commissions; Standard Variable accounts have spread from 1.2 pips and no commissions; VIP Variable accounts have spread from 0.6 pips and no commissions; ECN Zero accounts have spread as low as 0.0 pips but have to pay a commission of 10/lot.

Below is a comparison table about spreads and commissions charged by different brokers:

Trading Platforms

GKFX Prime offers the MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms, which are popular and widely used platforms among traders. They provide access to a range of tools and features, including advanced charting, technical analysis tools, automated trading capabilities, and the ability to customize and use third-party indicators and trading algorithms.

They are both available for desktop, web, and mobile devices, making it convenient for traders to access their accounts and trade from anywhere at any time. Additionally, GKFX Prime offers a VPS (Virtual Private Server) service to clients who require faster and more reliable connection to the MT4 and MT5 platforms.

Deposits & Withdrawals

While there is no minimum deposit requirement with GKFX Prime, we advise putting up at least five dollars so that you have more flexibility and a higher chance of building positions large enough to make a difference in the markets. The company offers quick deposit and withdrawal alternatives to GKFX Prime traders so that regular traders can have more faith in the platform and gain more market access.

Credit cards (Visa, MasterCard and Maestro), bank transfers and e-wallets such as Neteller and Skrill are all acceptable methods of payment, so long as the buyer has provided the necessary “know your customer” papers to comply with AML regulations. The most common of them is a photocopy of your passport and some form of the recent bill showing your current address.

Credit cards and bank transfers are both acceptable withdrawal methods. Transfers made with a credit card take three to five business days to process, while wire transfers can take anywhere from one to five days. Withdrawal is free of charge.

GKFX Prime minimum deposit vs other brokers

GKFX Prime Money Withdrawal

To withdraw funds, clients need to log in to their account, go to the “Withdrawal” section, select the preferred withdrawal method, and follow the instructions provided. It's worth noting that GKFX Prime may require additional documentation for verification purposes before processing the withdrawal request.

Bonus & Fees

GKFX Prime claims to offer a 100% welcome bonus and a 50% re-deposit bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task.

Apart from commission fees on the ECN Zero account, there are no other fees charged.

See the fee comparison table below:

Customer Service

GKFX Prime offers customer support in multiple languages through various channels including live chat, phone, and email. Their customer support is available 24/5, which means that traders can get assistance during the trading week. Additionally, GKFX Prime provides support through social media platforms such as Facebook, Twitter, LinkedIn, Instagram and YouTube.

The broker also provides an FAQ section and educational resources on its website to assist traders. Overall, GKFX Prime has a good reputation for customer support.

Frequently Asked Questions (FAQs)