PU Prime (Pacific Union) is a CFD Forex broker, that opened in May 2020. They are licensed and regulated by the FSCA in South Africa and in Seychelles by the FSA.
Owned and operated by; Pacific Union (Seychelles) Limited, which is located at: 102 on Ground Floor of House of Francis, Ile Du Port, Mahe, Seychelles. They are somehow affiliated with ForPro Group Pty Ltd. Contact phone number is: +2484671948, and the email address is [email protected]. Official Website is: https://PUPrime.com.
Investors with complaints or withdrawal problems should read this.
PU Prime Broker Reviews
Our review of the brokers PUPrime finds, that they offer day traders and investors, the simple MT4 web-based CFD trading platform. They are also offering MT5, with mobile trading apps available. Clients will find more than 150 underlying assets for trading CFD’s, including all popular Forex pairs and some Crypto Currency pairs like Bitcoin.
Margin / leverage rates on Forex pairs is up to 500:1, and Crypto leverage is 10:1, with $40 spreads on $BTCUSD. Many new investors look for brokers with high leverage because they believe they will make money easier that way. The reality is, that trading with high leverage is very risky, and new traders don’t understand the risks, and end up losing their money quickly.
The minimum deposit for a new trading account is $100, and they offer deposit via Credit Card, Swift, Sepa and AstroPay. Their website is localized and available in more than 15 different languages.
Many Forex brokers today are connected with automated trading robots and signals software. You can research the best trading signals and algorithm software, see here.
Is PU Prime a Legit Broker?
Technically yes, PU Prime is licensed by the FSA Seychelles, license number SD050, under the corporate name Pacific Union (Seychelles) Limited, see here.
In March 2022, they received a license from the FSCA in South Africa, FSP license number 52218. Address is: 37 Harley Street Ferndale, Ranburg 2149 Gauteng. Their payment provider is: Finzero Cap Ltd, Mezzanine, 62 Athalassas, Nicosia 2012, Cyprus.
There is another website at PUPrime.net which is owned and operated by; Pacific Union LLC. They operate from an offshore location at: 1 Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines.
When the Scam Broker Investigator reviews a new Forex or Crypto CFD broker to determine if they are legit or a scam, we first look for a valid brokers license. In recent months, we have seen many scam unlicensed brokers, disappear and go out of business.
The best brokers are always licensed by IIROC Canada, ASIC Australia or your local governments financial regulator. Smart investors will always use a licensed broker, because of the protection you are afforded from their financial regulator.
Compare Forex Brokers
Smart investors always review a few different brokers before making a final decision, See the best brokers list.
ForTrade is a popular broker in Canada, Europe & Australia, and they are regulated by the FCA, IIROC and ASIC, see here. See a Free Demo Account at: ForTrade.com.
What was your experience investing with the brokers at PU Prime? Please share your review in the comment section below.