PU Prime Demo Account

Among the PU Prime account types is the PU Prime demo account. It is a necessary tool for profitable traders. Beginners may use it to test the trading platforms, but they must consider its limitations as an educational tool, navigate the shortfalls, and avoid the demo pitfalls. Get pro tips on achieving the most beneficial PU Prime demo account trading experience by reading my PU Prime demo account review.

Main Features of the PU Prime Demo Account

PU Prime offers customizable demo accounts for the MT4 and MT5 trading platforms. During my PU Prime broker review, the PU Prime demo account expired after 60 days, and traders had to open a new one. Despite the time limit, I recommend traders make use of this tool and customize their PU Prime demo account to reflect their planned live portfolios.

For traders using the demo to test the trading platform’s capabilities, the 60-day time limit is enough. However, traders wishing to evaluate the PU Prime fees and trading conditions long-term will need to open a live account to feel the actual impact of the fee structure on their trading balance over time. I advise traders who are testing new strategies and tweaking existing ones, algorithmic traders who are bug-fixing and testing their trading solutions as well as copy traders who are evaluating signal providers to ask PU Prime customer support for an unlimited PU Prime demo account to store trading data. Otherwise, they must ensure to save the data before starting over, which can eliminate the core benefits of using a demo account.

PU Prime Demo Account Overview

How to Open a PU Prime Demo Account: Step-by-Step Procedure

The PU Prime demo account uses virtual funds, like all demo accounts. Therefore, the PU Prime minimum deposit does not apply. Register your PU Prime demo account by following my step-by-step guide below.

Here is how you open your PU Prime demo account:

1. Click “Create Demo Account” on the PU Prime homepage.

2. The application asks for your country of residence, name, trading platform choice, leverage preference, demo account base currency, desired account balance, e-mail, and phone number. Click “Create Account” to complete the registration.

3. PU Prime will send a confirmation e-mail.

4. You can now download your preferred trading platform and log in with the details e-mailed by PU Prime.

Noteworthy:

• Traders cannot test the PU Prime withdrawal process, as like all demos, the PU Prime demo account uses virtual funds.

How to Use the PU Prime Demo Account

Consider my tips below to improve your PU Prime demo trading experience and avoid shortfalls, including the demo trap.

Tips on using the PU Prime demo account:

• Customize your PU Prime demo account settings to reflect your planned live portfolio
• Treat your PU Prime demo account like a live account
• Understand how the lack of exposure to trading psychology will impact your trading results
• Study the risk management-leverage relationship
• Trade lot sizes based on expected live deposits
• Evaluate your strategy, tweak it, test new ones, gather trade data, and compare performances

Differences Between Live and Demo Accounts with PU Prime

The PU Prime demo account attempts to simulate live trading conditions, but traders will never experience them. PU Prime demo traders must realize that no simulation can expose them to all the different aspects of successful trading.

The primary differences between live and demo accounts are:

• Zero exposure to trading psychology, which separates up to 90% of unprofitable retail traders from profitable ones
• Traders cannot experience slippage, profits, and losses, as no actual trading occurs

Noteworthy:

• Many traders face immediate live portfolio losses after profitable demo trading due to the relationship between trading psychology and the use of real money
• Beginner traders account for the smallest group of demo account traders, as a demo account is not an ideal educational tool but a necessary tool for seasoned traders

Pros and Cons of the PU Prime Demo Account

Beginners must approach the PU Prime demo account realistically, as demo trading can yield a false sense of accomplishment. Evaluate the pros and cons of the PU Prime demo account to maintain awareness of mistakes and avoid the demo trap.

The Pros of the PU Prime Demo Account

• Customizable PU Prime demo account balance, leverage ratio settings and account base currency
• Swift online registration process
• PU Prime demo account for MT4/MT5

The Cons of the PU Prime Demo Account

• 60-day time limit before traders must open a new PU Prime demo account
• No exposure to trading psychology
• False sense of security and accomplishment
• May promote reckless trading, unrealistic expectations, and a wrong mentality

Bottom Line

The PU Prime demo account is available for MT4/MT5 and allows traders to customize their settings, but it expires after 60 days. While it aims to simulate live trading conditions, beginners who use the PU Prime demo account as an educational tool must consider its limitations. The PU Prime demo account cannot simulate trading psychology and its effect on traders.

FAQs

Is a demo account real money?

All demo accounts use virtual funds.

Can I withdraw money from a Forex demo account?

Traders cannot withdraw from a Forex demo account, as the funds are virtual. Some brokers allow traders to reduce the demo account balance to simulate withdrawals and their impact on portfolios.

Is PU Prime safe?

PU Prime is a safe broker, offering negative balance protection, segregation of client deposits from corporate funds, compliance with two regulators, and an investor compensation fund of up to €20,000 per claim via the Hong Kong-based Financial Commission.

How long does access to the PU Prime demo account last?

The PU Prime demo account expires after 60 days, after which traders must open a new demo account.

Is PU Prime worth it?

PU Prime offers a quality trading environment for its Prime and ECN accounts, but each trader must evaluate them and conclude if it makes PU Prime worth it for them.

Is PU Prime free to use?

PU Prime does not charge account opening or maintenance fees, but like all brokers, traders pay spreads, commissions, swap rates on leveraged overnight positions, and applicable currency conversion fees.

Does PU Prime have a demo account?

PU Prime has demo accounts for MT4/MT5.

By DailyForex.com Team

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.

Reviewer DailyForex.com Team

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.