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Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage it.
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been... read more.
Updated on
Jun 29, 2023
Reading time 8 minutes
Pacific Union or PU Prime as it’s now called, is a multi-asset online broker. We have tested and reviewed the platform to see how it matches up to the competition.
Pacific Union was founded in 2015 and has grown to service more than 200,000 registered accounts and process some 12 billion trades per day from 19 offices around the world.In this review we rate PU Prime’s offering and pick out a few key features that help it stand out from the crowd.
What can I do with PU Prime?
Trade a variety of asset classes with competitive spreads. PU Prime offers hundreds of CFDs so that you can trade your favourite stocks, cryptos, or currency pairs.
PU Prime is an established forex broker, which means it offers an pro-style trading experience. The broker integrates with the popular Meta Trader software, so you can use MT4 or MT5 to trade, if you like, giving you access to a variety of trading tools and research.
Pros & Cons
Pros:
70+ forex pairs and 200+ financial assets available to trade
Extremely low minimum trade sizes
Multilingual support in 18+ languages
Cons:
Minimum withdrawal of $100
Fewer assets than many competitors
Can I open an account with Pacific Union?
Yes, residents of United States can open an account with Pacific Union.
No, residents of United States cannot open an account with Pacific Union.
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Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage it.
PU Prime markets, assets, and options
What assets and products can you trade on PU Prime?
PU Prime can be said to truly offer a wide variety of tradable assets, from popular forex pairs like EUR/USD right on down to US Treasury Notes and German Bunds.
PU Prime offers both standard and prime spreads depending on your account type.
They are competitive and well within a respectable range. Considering the wide array of assets the broker makes available, a small premium is to be expected for convenience.
The minimum order size with PU Prime is 0.01 units, which is as low as one can go and ideal for anyone starting to trade without a substantial amount of capital.
The max order size is 100 batches, which is equivalent to 100 units of the asset you are buying.
PU Prime offers the entire lineup of device compatibility from desktop to mobile apps.
Desktop
Web browser
Tablet
Android and iOS app
Can I use PU Prime in my country?
PU Prime is currently available in over 120 countries, including France, Germany, Spain, and Taiwan, among others.
Is PU Prime available in my language?
PU Prime supports a total of 18 languages at the moment, including Mandarin, Cantonese, Spanish, and Portuguese.
How easy is it to use PU Prime?
PU Prime has a well organised user interface, with information on account types, products offered, and more being readily accessible from the header menu.
As for the trading platforms, there are several to choose from, with the familiar WebTrader and MetaTrader 4 and 5 catering well to pretty much all your personal trading needs.
Key features
PU Prime promotes that it is “more than” just a trading platform and it strives to prove this with several services.
PU Social
eToro may have done “social trading” first, but PU Prime aims to take it a step further by providing real-time updates from your chosen signal providers and flexible copying parameters that allow you to easily manage your risk from anywhere.
No swap fee crypto trading
As of September 2022, PU Prime no longer charges swap fees on crypto products.
This means your trading costs are minimised when trading crypto with a PU Prime account.
Autochartist
This is a user-friendly trading companion tool that allows for the intuitive visualisation of markets.
It comes as a plug-in for MT4 and is replete with technical indicators, volatility analysis, and market reports.
All information provided to PU Prime is stored on secure servers that only authorised personnel have access to via password.
The broker also applies 3D security protocol for the prevention of fraud during online transactions.
Am I and my funds protected?
PU Prime holds all client funds in segregated client trust accounts with AA-rated Australian banks. Additionally, all client funds are segregated from the broker’s own funds.
Is PU Prime regulated?
Yes, PU Prime is regulated by authorities in two jurisdictions:
St. Vincent and the Grenadines with registration number: 271 LLC 2020
As an authorised Financial Service Provider (“FSP”) registered and regulated by the Financial Sector Conduct Authority (“FSCA”) of South Africa under licence number 52218
Do I have to verify my account with PU Prime?
Yes, PU Prime requires both Proof of Identity in the form of a National ID (Front and back), passport, or driver’s license and a proof of address document.
Extra information
Educational resources
PU Prime offers an Education section that encompasses a trading blog, video tutorials, e-books, and a trading term glossary.
There is also a trading knowledge sub-section that delves further into the qualitative and quantitative side of trading with articles on the psychology of trading and financial risk.
Tools and charting
PU Prime’s WebTrader, MetTrader 4, and 5 trading platforms come equipped with a suite of more than 30 built-in technical indicators like analytical lines, RSI, and more.
There are also hundreds of paid add-ons available for more advanced traders.
Customer support
There is a chatbot available on PU Prime’s homepage and there is also a contact number and general email address listed in the footer.
A comprehensive help center and FAQ section with a search function is also provided that is genuinely helpful and answers most of my own questions about PU Prime.
Our verdict
PU Prime is a forex and CFD broker that caters well to individual traders. You can start out with a free demo account or a Cent account to minimise risk and there are five distinct trading platforms to choose from, providing access to eight separate asset classes.
When it comes to functionality and trade execution, the broker leans heavily on MetaTrader, which is an established platform that many traders are already familiar with. But this is also where it falls short, as, beyond the PU Social trading function, there isn’t anything to make PU Prime stand out.
Pricing is competitive and initial deposit requirements are kept to a minimum, but these and other features aren’t enough to put PU Prime above its peers.
PU Prime is owned by Prime Union Limited, which is a private company based in Seychelles. Beyond this, the company’s individual owners are not known.
02
How does PU Prime make money?
The broker makes money in three ways:rn
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Trade spreads
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Fixed trading commissions
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Swap and withdrawal fees
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03
Do I have to pay tax on PU Prime profits?
This depends solely on the country and region in which you reside. Please double-check what taxes may apply to you.
04
Does PU Prime offer CFD trading?
Yes, PU Prime is primarily a forex broker and secondarily a CFD broker.
05
How do I sell on PU Prime?
Once you are logged into your trading platform, select the asset you wish to sell by clicking on the open trade and click on the “Sell” button to place a market sell order.
06
How do I delete my PU Prime account?
Due to compliance reasons, PU Prime is not able to delete or deactivate accounts.rnrnHowever, the broker will archive accounts with no login history, trading history, and an account balance of $0 for 90 days or more.
07
How can I short on PU Prime?
Select the forex pair or CFD you would like to short, review the details of your short order, and select “Sell” to place your short order.
08
What if I forget my account password?
Click “Login” on the top right-hand side of the homepage, click Forgot Password?, and a window will pop up prompting you to enter your email address. Do so and a link to reset your password will be sent to you.
09
Can I transfer from my PU Prime account into my PayPal account?
No, PU Prime does not support PayPal as a payment option at this time.
10
Does PU Prime offer bonuses?
Yes, PU Prime offers an assortment of active bonuses.rnrnThese include a 50% deposit bonus, refer-a-friend bonuses, and several other seasonal and event-related bonuses and prizes.
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Risk disclaimer
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...