PU Prime Fees

Trading fees determine the trading environment’s competitiveness and reveal which strategies a broker actively supports and discourages passively. Trading fees are the most defining aspect of a broker, as they directly impact profitability. The PU Prime demo account allows traders to evaluate PU Prime fees. Read my in-depth PU Prime fees review, which helps traders understand and compare them to other brokers. So, are PU Prime fees competitive?

Overview of PU Prime Charges

During my PU Prime broker review, PU Prime offered two expensive commission-free pricing environments with spreads from 1.3 pips or $13.00 per 1.0 standard round lot and two competitively priced commission-based alternatives with raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot in the Prime account and $2.00 in the ECN account. Therefore, I recommend the commission-based PU Prime account types.

PU Prime offered commission-free equity CFD trading for US-listed equities and levied a commission of €0.01 per trade on European equity CFDs.

A Snapshot of PU Prime Fees

PU Prime Fees, Spreads, and Commission Explained

Traders at PU Prime, like all brokers, will pay frequent trading fees and less frequent non-trading fees. They must understand the PU Prime fees to know what they pay per trade and compare costs to other brokers to determine if PU Prime offers a competitive cost structure.

PU Prime Trading Fees

• Spreads (the difference between the bid and the ask price, where PU Prime has commission-free spreads from 1.3 pips and commission-based raw spreads from 0.0 pips)
• Commissions (PU Prime does not charge commissions, except on European equity CFDs, which incur a minimal commission of €0.01 per trade)
• Swap rates (charged on leveraged overnight positions)
• Currency conversion fees (undisclosed)

PU Prime Non-trading Fees

• Deposit fees (PU Prime does not charge internal deposit fees)
• Withdrawal fees (PU Prime withdrawals are free of internal costs except for a $20 levy on bank wires)
• Inactivity fees (PU Prime does not charge inactivity fees)
• Currency conversion fees (undisclosed)

PU Prime Trading Fees

PU Prime trading fees depend on the asset, apply to each transaction, and are the most frequent PU Prime fees traders will pay. The PU Prime account types feature more expensive commission-free and competitive commission-based pricing environments. Currency conversion fees apply if the asset quote currency differs from the account base currency.

Minimum PU Prime Trading Fees in the Prime Account

Overnight Fees (Swap Rates)

Swap rates are the most ignored trading costs, which may become the most significant fee per trade, depending on the strategy. Swap rates apply on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend.

MT4 and MT5 traders can easily access swap rates from their platform by following these steps:

1. Right-click the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Swap Long and Swap Short.

PU Prime Non-Trading Fees

Non-trading fees are notably less frequent and apply to deposits, withdrawals, and inactivity. Traders must know them to avoid confusion and avoidable costs.

Currency Conversion Fees

Currency conversion fees apply each time PU Prime exchanges one currency for another, including trading. For example, traders buy a Euro-denominated asset in a US Dollar base account. They are hidden fees that most traders are unaware of, and PU Prime does not disclose how it handles currency conversions.

PU Prime Deposit Fee

Traders can make their PU Prime minimum deposit without paying internal PU Prime deposit fees, but traders may face third-party payment processing fees or currency conversion fees.

PU Prime Withdrawal Fee

All PU Prime withdrawals are free of internal costs except for bank wires, which carry an internal PU withdrawal fee of $20.

PU Prime Inactivity Fee

PU Prime does not charge an inactivity fee.

PU Prime Safety and Security

PU Prime complies with the rules and regulations of the Financial Services Authority of Seychelles and the Financial Services Commission of Mauritius, offers a €20,000 investor compensation fund via the Hong Kong-based Financial Commission, separates client deposits from corporate funds in segregated accounts, and provides negative balance protection.

Bottom Line

P0U Prime fees consist of expensive commission-free and competitive commission-based trading fees for raw spreads. PU Prime does not levy an inactivity fee, deposits are free of internal costs, and all withdrawals are free except for bank wires, which incur a $20 fee. Traders with deposits above $1,000 will benefit from low trading fees in a competitive trading environment.

FAQs

What is the interest rate for PU Prime?

PU Prime does not charge interest rates.

What is the minimum deposit for PU Prime Forex?

The PU Prime minimum deposit requirement is $20 for Cent accounts, $50 for standard accounts, $1,000 for Prime accounts, and $10,000 for ECN accounts.

Does PU Prime have commissions?

PU Prime commissions only apply to European equity CFDs, which cost a minimal €0.01 per trade.

What trading fees does PU Prime charge?

PU Prime fees are spreads, commissions for European equity CFDs, swap rates, and applicable currency conversion fees.

How much does PU Prime charge for withdrawal?

PU Prime does not charge internal withdrawal fees except on bank wires, which cost $20.

When does PU Prime charge fees?

Spreads apply immediately once a trader opens a position, commissions when traders buy and sell European equity CFDs, but swap rates on leveraged overnight positions only after the cut-off time. PU Prime charges currency conversion fees if the quote currency of the asset differs from the account base currency.

Does PU Prime charge inactivity fees?

PU Prime does not charge inactivity fees.

Is PU Prime a good broker?

PU Prime is a good broker for Forex traders with deposits exceeding $1,000 to ensure they trade with competitive trading fees. PU Prime supports algorithmic, copy, and social trading and offers a balanced asset selection from a secure trading environment.

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.