The PU Prime account types determine the PU Prime minimum deposit requirement, which is as low as $20 and as high as $10,000, or a currency equivalent. Receive an in-depth look at how to make your PU Prime minimum deposit, the pros and cons of the PU Prime minimum deposit requirements, and an overview of available payment processors from my comprehensive PU Prime minimum deposit review.
PU Prime minimum deposit requirements:
- Cent accounts - $20
- Standard accounts - $50 or a currency equivalent in GBP, CAD, AUD, EUR, SGD, NZD, HKD, or JPY
- Prime accounts - $1,000 or a currency equivalent in GBP, CAD, AUD, EUR, SGD, NZD, HKD, or JPY
- ECN accounts - $10,000 or a currency equivalent in GBP, CAD, AUD, EUR, SGD, NZD, HKD, or JPY
PU Prime Minimum Deposit Overview
The PU Prime minimum deposit requirement depends on the PU Prime account type, starting from $20 and going up to $10,000.
MinimumDeposit | PU Prime | Axi | InstaForex | Tickmill | Admirals |
Commission-Free | $20 to $50 | $0 | $1 | $100 | $100 |
Commission-Based | $1,000 to$10,000 | $0 | $1 | $100 | $100 |
The Pros and Cons of the PU Prime Minimum Deposit
Traders should consider the pros and cons of the PU Prime minimum deposit before depositing. The various options for PU Prime withdrawals and their associated fees are also relevant in determining the most cost-effective deposit method. The reason is that the method of withdrawal must be the same as the method the trader used to deposit their funds.
The Pros of the PU Prime Minimum Deposits
- Segregation of client deposits
- User-friendly deposit process
- A choice of payment processors, including cryptocurrency deposits
- Localized payment processors for core markets
- Low minimum deposit requirement for the ECN account
The Cons of the PU Prime Minimum Deposits
- Above average PU Prime minimum deposit requirement for Prime accounts
How to Make a Deposit
Despite the $20 PU Prime minimum deposit for Cent accounts or the $50 requirement for Standard accounts, traders should consider depositing more, as effective trading requires notably more capital. The $1,000 minimum deposit requirement for Prime accounts is higher than what competitors charge, for accounts with similar fee structures, while the $10,000 ECN minimum deposit ranks among the lowest thresholds considering the ultra-competitive PU Prime trading fees, for this account type.
Here is how to deposit with PU Prime:
- Log into your PU Prime client portal
- Navigate to “Funds” in the left menu and click “Deposit Funds”
- Choose the preferred payment processor
- Enter your desired deposit amount
- Follow the on-screen instructions
PU Prime Deposit Fees and Deposit Methods
During my PU Prime broker review, PU Prime did not levy internal deposit fees. Traders may face third-party processing fees and applicable currency conversion costs.
PU Prime deposit methods, internal processing times, and known transaction limitations:
Deposit Method | Processing Time | Deposit Currencies | Minimum Single Deposit | Maximum Single Deposit | WithdrawalOption |
Bank wires | Three to five business days | USD, EUR, CAD, GBP, AUD, AED | N/A | N/A | Yes |
Credit/debit cards | 30 to 60 minutes | USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY | $50 | $5,000 | Yes |
Skrill | Instant | USD, EUR, GBP, CAD | $50 | N/A | Yes |
Neteller | Instant | AUD, USD, EUR, CAD, GBP | $50 | N/A | Yes |
Perfect Money | Instant | USD, EUR | $50 | Undisclosed | Yes |
SticPay | Instant | USD, EUR, SGD, HKD, JPY | $50 | N/A | Yes |
Bitwallet | Instant | USD, AUD, EUR, USC, JPY | $50 | N/A | Yes |
AstroPay | Instant | AUD, CAD, CNY, EUR, GBP, IDR, JPY, KRW | $50 | $10,000 | Yes |
FasaPay | Instant | USD | $50 | $25,000 | Yes |
Ali Pay | Within 30 minutes | USD, CNY | $50 | Undisclosed | No |
China Union | Within 30 minutes | USD, CNY | $50 | Undisclosed | No |
MobilePay | Instant | CNY | $50 | CNY 25,000 | No |
Malaysia Instant Bank Transfer | Instant | MYR | $50 | MYR 50,000 | Yes |
India Bank Transfer | Three to five business days | INR | $50 | Undisclosed | Yes |
Interac e-Transfer | Within one hour | CAD | $50 | $9,999 | No |
Nigeria Instant Bank Wire | Instant | NGN | $50 | NGN 4,000,000 | Yes |
Indonesia Instant Bank Transfer | Instant | IDR | $50 | IDR 100,000,000 | Yes |
South Africa Instant Bank Transfer | Instant | ZAR | $50 | ZAR 250,000 | Yes |
Thailand Instant Bank Transfer | Instant | THB | $50 | THB 500,000 | Yes |
South Korea Local Bank Transfer | Within one hour | KRW | $50 | KRW 100,000,000 | Yes |
Philippine Instant Bank Transfer | Instant | PHP | $50 | PHP 250,000 | Yes |
Vietnam Instant Bank Transfer | Instant | VND | $50 | VND 300,000,000 | Yes |
Noteworthy:
- The PU Prime deposit screen lists all deposit methods, as geographic restrictions may apply
PU Prime Deposit Methods vs. Similar Brokers
DepositMethods | PU Prime | Axi | InstaForex | Tickmill | Admirals |
Bank wires | Yes | Yes | Yes | Yes | Yes |
Credit/debitcards | Yes | Yes | Yes | Yes | Yes |
Skrill | Yes | Yes | Yes | Yes | Yes |
WebMoney | No | No | Yes | Yes | No |
ChinaUnionPay | Yes | Yes | No | Yes | No |
PerfectMoney | Yes | No | Yes | No | No |
Othere-wallets | Yes | Yes | Yes | Yes | Yes |
LocalizedMethods | Yes | Yes | Yes | No | No |
Crypto-currencies | Yes | Yes | Yes | No | No |
PU Prime Deposit Currencies
Traders must differentiate between an account base currency and deposit currencies to avoid confusion and potential currency conversion fees. The former is the primary currency of a trading account, and the latter refers to currencies available for deposits through payment processors.
PU Prime supports the following account base currencies:
- US Dollar
- Euro
- British Pound
- Japanese Yen
- Singapore Dollar
- Hong Kong Dollar
- New Zealand Dollar
- Australian Dollar
- Canadian Dollar
PU Prime supports the following deposit currencies:
US Dollar | Euro | British Pound | Japanese Yen |
Singapore Dollar | Hong Kong Dollar | New Zealand Dollar | Australian Dollar |
Canadian Dollar | UAE Dirham | USC (crypto) | Chinese Yuan |
Indonesian Rupiah | South Korean Won | Malaysian Ringgit | Indian Rupee |
Nigerian Naira | South African Rand | Thai Baht | Philippine Peso |
Vietnamese Dong |
PU Prime Trading Account Currencies vs. Similar Brokers
AccountCurrencies | PU Prime | Axi | InstaForex | Tickmill | Admirals |
US Dollar | Yes | Yes | Yes | Yes | Yes |
Euro | Yes | Yes | Yes | Yes | Yes |
British Pound | Yes | Yes | No | Yes | Yes |
Swiss Franc | No | Yes | No | No | Yes |
AustralianDollar | Yes | Yes | No | No | No |
Others | Yes | Yes | Yes | No | Yes |
Total | 21 | 10 | 3 | 3 | 10 |
Steps for Sending the PU Prime Minimum Deposit
The PU Prime client portal functions similarly to those for online banking and handles the PU Prime minimum deposit.
Here is a step-by-step guide to sending your PU Prime minimum deposit:
1. Log into your PU Prime client portal, navigate to “Funds,” and click “Deposit Funds.”
2. Choose the preferred payment processor, enter your desired deposit amount, and follow the on-screen instructions.
3. PU Prime notifies clients once it credits the deposit to the PU Prime trading account.
Bottom Line
The PU Prime minimum deposit requirement is $20 for the Cent account, $50 for Standard, $1,000 for Prime, and $10,000 for ECN. PU Prime does not levy internal deposit fees, but traders may face third-party processing fees and currency conversion costs. The PU Prime minimum deposit is $50 except for bank wires, which have no minimum or maximum requirement. Traders can use 22 payment processors and 21 deposit currencies, and most payment processors have instant professing times. Traders can trust PU Prime, which segregates client deposits from corporate funds, provides negative balance protection, complies with two regulators, and offers an investor compensation fund of up to €20,000 per claim via the Hong Kong-based Financial Commission. PU Prime does not charge internal deposit fees, and PU Prime only levies trading commissions on European equity CFDs, which incur a minimal commission of €0.01 per trade. The minimum deposit requirement at brokers is the amount of capital traders must deposit to open a live trading account. Traders can make their PU Prime deposit through the client area via bank wires, credit/debit cards, Skrill, Neteller, Perfect Money, SticPay, Bitwallet, AstroPay, FasaPay, Ali Pay, China Union, MobilePay, Malaysia Instant Bank Transfer, India Bank Transfer, Interac e-Transfer, Nigeria Instant Bank Wire, Indonesia Instant Bank Transfer, South Africa Instant Bank Transfer, Thailand Instant Bank Transfer, South Korea Local Bank Transfer, Philippine Instant Bank Transfer, and Vietnam Instant Bank Transfer.FAQs
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