The PU Prime account types are available on the MT4/MT5 trading platforms and the PU Prime mobile app. Traders can choose between four account types, which include a micro account, but only two ensure competitive trading fees. The PU Prime demo account is available to all traders. Read my in-depth analysis of PU Prime account types to ensure you pick the most competitive one and avoid higher PU Prime fees.
Overview of PU Prime Account Types
PU Prime Account Types Features | Standard | Prime | ECN | Cent |
Minimum Deposit | $50 | $1,000 | $10,000 | $20 |
Minimum Forex Spreads | 1.3 pips | 0.0 pips | 0.0 pips | 1.3 pips |
Commissions | Commission-free | $7.00 per 1.0 round lot | $2.00 per 1.0 round lot | Commission-free |
Maximum Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 |
Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
Account Base Currencies | USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY | USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY | USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY | USD |
How to Open a PU Prime Account - Step-by-Step
Traders can open their PU Prime accounts via a swift, user-friendly online application.
Below is a step-by-step guide on how to open an account for all PU Prime account types:
1. Click “Create Live Account” or “Sign Up” on the PU Prime homepage.
2. Fill out your country of residence, first name, e-mail address, and desired password. Click “Create Account.”
3. PU Prime complies with global AML/KYC requirements, making account verification mandatory. Most traders pass it by uploading a copy of a government-issued ID and one proof of residency document.
Restricted countries:
- PU Prime accepts traders from most countries but singles out the US, Singapore, Australia, China, and Russia as restricted countries. It also adds that it does not accept traders from “jurisdictions listed on the FATF and EU/UN sanctions lists”
PU Prime Account Features
During my PU Prime broker review, I found that the PU Prime minimum deposit ranged between $20 and $10,000, depending on the PU Prime account type.
The various available methods for PU Prime withdrawals are identical for all PU Prime account types.
What All PU Prime Account Types Have in Common
- MT4/MT5, and the PU Prime mobile app
- Algorithmic trading in MT4/MT5
- Autochartist plugin for MT4
- In-house social and copy trading services
- Maximum Forex leverage of 1:1000
- Negative balance protection
- Customizable time-limited PU Prime demo accounts
- USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY as account base currencies
- Swap-free Islamic accounts
- Investor compensation fund of up to €20,000 per claim via the Hong Kong-based Financial Commission
The primary differences between the PU Prime account types are PU Prime fees and minimum deposit requirements.
How the PU Prime Account Types Differ
PU Prime Account Types Features | Standard | Prime | ECN | Cent |
Minimum Deposit | $50 | $1,000 | $10,000 | $20 |
Minimum Forex Spreads | 1.3 pips | 0.0 pips | 0.0 pips | 1.3 pips |
Commissions | Commission-free | $7.00 per 1.0 round lot | $2.00 per 1.0 round lot | Commission-free |
Total Fees per 1.0 standard round lot | $13.00 | $7.00 | $2.00 | $13.00 |
Minimum trade size | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
PU Prime Account Pros and Cons
Before funding an account, traders may consider the pros and cons of the PU Prime account types.
The Pros of the PU Prime Account Types
- Three unique trading platforms
- Algorithmic trading
- Autochartist plugin for MT4
- In-house social and copy trading services
- 1:1000 maximum leverage with negative balance protection
- Balanced asset selection
- A choice of payment processors, including cryptocurrencies
- USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY as account base currencies
The Cons of the PU Prime Account Types
- Expensive PU Prime fees for Standard and Cent accounts
Bottom Line
Traders get four PU Prime account types with the PU Prime minimum deposit requirements between $20 and $10,000. The minimum trade size is 0.01 lot or 1,000 currency units, and the account base currencies are USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY. PU Prime fees for the Prime Standard and ECN accounts are competitive to ultra-competitive, but Standard and Cent accounts have high trading fees. PU Prime is not a bank. PU Prime is a derivatives broker. PU Prime is a well-regulated broker offering negative balance protection, segregating client deposits from corporate funds, and offering an investor compensation fund. Therefore, it satisfies the industry standard for safety, but each trader must assess if the operational history of PU Prime makes it a trustworthy broker. The lot size is the primary difference, with a standard lot equaling 100,000 currency units and a micro lot 1,000 currency units. The minimum deposit requirements usually also differ. PU Prime is an ECN/market maker hybrid broker. The PU Prime minimum deposit requirement is between $20 and $10,000, depending on the PU Prime account type. All traders over 18 who do not reside in a restricted country identified by PU Prime can open a PU Prime account. PU Prime has a micro account with a $20 minimum deposit requirement.FAQs
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