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.

General information of WeTrade

WeTrade is a UK registered forex broker that currently holds authorization licenses from CySEC (Cyprus), ASIC (AU) , FSA (Malaysia) and LFSA(MY). The FSA is one of the most reputable financial regulatory bodies in the world, and its oversight ensures that WeTrade operates according to strict standards of transparency and fairness. The LFSA is also a well-respected regulator and its oversight provides an additional layer of protection for traders. WeTrade's regulatory status is a significant advantage as it offers traders a level of protection and reassurance that their funds are safe and that the broker is operating within the law.

Regulatory Status

Pros and Cons of WeTrade

Pros:

• Regulated by CYSEC, ASIC, FSA and LFSA, ensuring client fund safety
• Wide range of instruments including Forex, Indices, Stocks, Energies, Precious Metals, Cryptocurrencies
• Multiple account types to suit different traders, including a demo account
• Competitive spreads and high leverage of up to 1:2000
• All-in-one trading app, MT4 & MT5 supported
• Educational resources available to traders, including an economic calendar and video tutorials

Cons:

• Limited deposit and withdrawal options, with only USDT, bank wire, and local deposit accepted for deposit and union pay and bank wire for withdrawal
• Customer support with only email and social media channels for communication
• Limited information available about the company's background and history
• ECN account requires a minimum deposit of $1000 and charges a commission of $7 per lot traded.

• Pros	Cons
  Regulated by CYSEC, ASIC, FSA and LFSA	Limited deposit/withdrawal options
  Wide range of instruments	Customer support limited to email and social media
  Multiple account types, including demo	Limited company background information
  Competitive spreads; high leverage up to 1:2000	ECN account: $1000 minimum deposit, $7/lot commission
  Educational resources available

Market Instruments

The company offers a wide range of trading products, including forex, indices, stocks, energies, precious metals and cryptocurrencies, six asset classes in total, and over 120 instruments.

Spreads and Commissions

WeTrade offers a variety of account types, including ECN, Standard, and STP, each with different spreads and fees. The ECN account offers zero spreads but charges a $7 commission per lot traded, making it suitable for high-volume traders. The Standard account provides lower EUR/USD spreads starting from 1.0 pips with no commission, making it ideal for advanced traders. The STP account offers EUR/USD spreads starting from 1.8 pips with no commission, making it a good choice for beginner traders. Overall, WeTrades spreads and commission rates are competitive and cater to different trading needs.

Trading Accounts

WeTrade provides four account types to accommodate the different investment requirements and strategies for new and seasoned investors, which are the STP, Standard, ECN, and Islamic, with minimum deposit starting from $10.

Trading Platform(s)

WeTrade offers clients the MT4 & MT5 trading platform, along with MAM (Multi-Account Manager) and other multi-account management tools. MT4 and MT5 provides advanced charting and market analysis features and is available on PC, iOS and Android. MAM and other multi-account management tools allow traders to manage and execute trades across multiple accounts simultaneously.

Maximum Leverage

WeTrade offers maximum leverage of up to 1:2000. While higher leverage can provide greater exposure with a smaller amount of capital, it can also magnify potential losses. Inexperienced traders should carefully consider the risks associated with using high leverage and choose a leverage level appropriate to their trading experience and risk tolerance.

Deposit and Withdrawal

WeTrade supports USDT, bank wire transfers and local deposit (for selected countries/regions) for deposits and withdrawals. USDT deposits are commission-free, while bank wire transfers may incur fees charged by the bank. Processing times for bank transfers are subject to the respective bank. Withdrawal methods include bank wire transfers. Bank wire withdrawals may incur fees, and processing times are subject to the respective bank.

Educational Resources

WeTrade offers various educational resources to its clients to enhance their trading skills and knowledge of the financial markets. The resources include an economic calendar, market reports, video tutorials, analyst views, indicators, and TV channels. The economic calendar keeps clients informed about important upcoming events that could affect the markets, while the market reports and analyst views provide up-to-date information on market trends. The video tutorials cover a range of topics from the basics of trading to advanced strategies, and clients can access a variety of indicators and TV channels for technical analysis. The educational resources are available in multiple languages to cater to clients from different parts of the world.

Customer Service of WeTrade

Clients can contact WeTrades customer support team via email at globalsupport@wetrade.com. WeTrade also maintains a presence on social media platforms, including Facebook, Instagram, LinkedIn, TikTok and YouTube. This provides customers with multiple options to reach out to the support team and get their queries resolved in a timely manner. Additionally, the support team has a reputation for providing quick response times, which ensures that customers' issues are resolved efficiently. However, WeTrade does not offer phone support, which may be inconvenient for some customers who prefer to speak with a representative directly. Moreover, the response time may vary based on the communication channel used, and the nature of the query may also impact the response time.

Conclusion

In conclusion, WeTrade is a UK-based forex broker that is regulated by FSA, CYSEC, and LFSA. The broker offers various account types, including ECN, Standard, and STP, with competitive spreads and high leverage up to 1:2000. The broker supports various trading instruments, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. Overall, WeTrade has some advantages such as competitive trading conditions, a wide range of tradable instruments, and excellent customer support, which make it an attractive option for traders.

However, there are also some drawbacks such as lack of a proprietary trading platform, and no negative balance protection. Therefore, traders should carefully consider their options and weigh the advantages and disadvantages before choosing WeTrade as their preferred forex broker.

Frequently asked questions about WeTrade

• Is WeTrade regulated?
• Yes. WeTrade is regulated by CYSEC, ASIC, FSA, Labuan FSA and SVGFSA
• Does WeTrade offers the industry-standard MT4 & MT5?
• Yes. WeTrade supports both MT4 & MT5.
• What is the minimum deposit for WeTrade?
• The minimum initial deposit to open an account is $10 (depends on account type).
• What is the minimum deposit required to open an account with WeTrade?
• The minimum deposit required to open a WeTrade account varies depending on the account type. The minimum deposit for an ECN account is $1,000, while the minimum for a Standard and STP account is $100.
• What trading platforms does WeTrade offer?
• WeTrade offers the popular MetaTrader 4 (MT4) platform for desktop, web, and mobile devices. MT4 is well-known for its advanced charting features, customization options, and automated trading capabilities. In addition to the regular MT4 platform, the WeTrade APP is also one of the trading platforms that WeTrade clients can choose from.
• What are the maximum leverage levels offered by WeTrade?
• WeTrade offers a maximum leverage of up to 1:2000 for all account types, which means that traders can open positions that are up to 2000 times the size of their account balance.
• What instruments can I trade with WeTrade?
• WeTrade offers a variety of financial instruments for trading, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies. In total, there are over 120 instruments available for trading.
• How can I contact WeTrade customer support?
• WeTrade offers 24/7 customer support via email, YouTube, Facebook, Line, WeChat public account, Little Red Book, BiliBili, and more. Traders can reach out to the support team at any time for assistance with their account or trading-related questions.