A newer broker with an ASIC licence acquired in 2025, copy trading and a broad platform suite, but most international clients are onboarded through its Seychelles entity rather than the Australian one.
PU Prime is the newest broker in this set, founded in 2015 as Pacific Union and headquartered in Seychelles. Its regulatory position needs stating precisely, because it is genuinely mixed rather than simply weak. The group holds an ASIC licence in Australia (AFSL 410681, acquired from Admirals in March 2025), an FSCA licence in South Africa (FSP 52218), an FSC Mauritius licence (GB23202672), and the FSA Seychelles registration (SD050) under which most international clients are onboarded. That is one tier-1 licence, two tier-2, and the tier-3 Seychelles entity most retail traders will actually face. Where you live determines which applies to you, and the difference in protection between them is substantial.
Two items need separating out from that list. PU Prime lists a UAE licence alongside the others, but Category 5 authorisation covers introduction and promotion only: that entity cannot execute trades or hold client money. Presented beside ASIC, it reads like broader oversight than it is.
The second concerns UK readers specifically. The FCA Warning List names PU Prime, Pacific Union (Seychelles) Limited and Pacific Union Group as potentially targeting UK consumers without authorisation. That is a perimeter warning rather than an enforcement action — the FCA is saying the firm is not authorised to solicit UK clients, not that it has found misconduct — and it has no bearing outside the UK. But its practical effect is concrete: a UK client of this broker has no recourse to the Financial Ombudsman Service and no FSCS protection. If you are in the UK, that is the most important fact on this page.
The commercial pitch is accessibility, with a $20 minimum deposit among the lowest we record. PU Prime's own published average puts EUR/USD at 1.30 pips on the Standard account, above the middle of the market, where the cheapest sit between 0.4 and 0.6.
Independent sentiment is 4.0 across roughly 1,600 Trustpilot reviews, a large enough sample to be meaningful. Our score of 3.5 out of 5 reflects a broader licence set than the Seychelles headquarters suggests, set against the fact that the entity serving most clients is the weakest of the four, and trading costs above the middle of the market. Reasonable for a small account testing the waters, provided you check which entity your account is opened under — and, if you are in the UK, provided you understand that you are trading with a firm the FCA has warned about.
The numbers that matter most when picking PU Prime.
Where PU Prime is strong, and where it is not.
In-depth analysis across regulation, costs, platforms, accounts, funding, and support.
PU Prime operates under 4 regulatory licences:
PU Prime does not hold an FCA (UK) licence. UK traders therefore have no FSCS protection — which would cover up to £85,000 per client at FCA-regulated firms. For UK-based traders with substantial accounts, this is a meaningful consideration.
PU Prime has operated since 2015 (11+ years). Editorial assessment: medium-confidence on regulatory standing.
PU Prime cost structure depends on which account type you choose. The trade-off is generally between spread-only pricing (simpler, slightly higher implicit cost) and raw-spread plus commission (cheaper at higher volumes, requires per-trade math).
Spread-only pricing with no commission. EUR/USD spreads typically average 0.8-1.5 pips during liquid sessions. Simpler for casual or lower-volume traders.
Overnight swap rates apply to positions held past daily rollover, based on currency-pair interest rate differentials.
Most reputable brokers don't charge deposit fees, withdrawal fees, or inactivity fees on active accounts. Check the funding terms for your specific entity at PU Prime.
PU Prime supports 5 platforms — choice affects available order types and execution model.
The industry standard for forex retail. Full EA support, custom indicators, automated trading. Mature ecosystem of community-built tools.
Newer MetaQuotes platform with additional asset classes, more timeframes, and improved backtesting. Recommended for newer accounts unless you have legacy MT4 EAs.
PU Prime offers 4 live account types, all with a $20 minimum where applicable:
Demo accounts are available free of charge, typically with virtual balance and the option to reset on request. Useful for testing strategies before committing capital.
E-wallet deposits are typically instant; card payments take 1-2 hours; bank wires 1-3 business days.
Withdrawals are typically processed within 1-3 business days. Arrival times depend on method: e-wallets same day, cards 3-5 days, wire 1-3 days.
The same-method rule typically applies — withdrawals must go to the same source as deposits where possible. This is standard AML compliance, not broker-specific.
PU Prime support coverage is more limited than tier-1 alternatives. Email is the primary channel, with live chat available during peak hours.
Response times can be variable. For account-critical issues, traders may need to escalate through multiple channels.
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