PU Prime Review

Based in Mahe, Seychelles, PU Prime (Pacific Union) is an online trading broker that was launched in 2015 and has continued to provide traders with competitive trading conditions, such as low spreads from 0.0 pips, zero commission accounts, quick trade execution speeds, multiple payment methods, flexible account types, multiple methods for deposits/withdrawals, leverage of up to 1:500, and multilingual 24/5 support.

PU Prime provides traders with the popular, intuitive and sophisticated MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. The minimum deposit amount required to start trading is only $50 whilst demo accounts are available free of charge. They support Islamic traders with swap-free accounts.

In addition to an excellent range of trading products and services, the broker has a vast array of trading tools and educational material to help encourage informed trading decisions. This shows that they care about their clients who are welcomed from all over the globe, regardless of your prior trading experience and current skill level. You will find social trading signals and managed accounts if you do not have the time nor the knowledge to trade by yourself. Whatever your interests and trading style, there is something for everyone to trade with PU Prime.

Markets

PU Prime are providing seamless access to the global financial markets so that you can trade forex, indices, commodities, metals, stocks, shares, and cryptocurrencies.

Platforms

PU Prime provides traders with the MT4 and MT5 trading platforms. While the MT4 was launched in 2005 with an avalanche of helpful trading tools, the MT5 came later in 2010 with even more advanced trading features and functionalities.

Pacific Union Trading Platforms
PU Primen Trading Platforms

Both platforms were developed by the popular trading software company that is known as MetaQuotes. The platforms have various built-in features, including charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more.

The MT4 and MT5 trading platforms are available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. In addition, there is a web version that can run directly on most modern web browsers — Chrome, Safari, Firefox, and Edge — without needing to install any additional software.

In addition to MT4/MT5, clients can download the PU Prime mobile trading app which is the brokers proprietary platform that also allows you to access your account whilst on the go.

MetaTrader 4

MetaTrader 4 is a popular trading platform for forex and CFD traders all over the world. It is user-friendly and easy to learn, something that helps make it a popular choice for beginners. With its intuitive and fully customisable interface, the MT4 platform is also extremely powerful. It is packed with plenty of trading tools for conducting detailed market analysis and creating as many trading strategies as you would like. MetaTrader 4 is considered the industry standard when it comes to forex trading. It is fast, convenient and extremely stable.

  • Multiple chart timeframes and types
  • Supports various order types including instant, pending and limit orders
  • Technical indicators and graphical objects for market analysis
  • Automated trading with expert advisors (EAs)
  • Strategy tester to back test EAs
  • Create custom trading tools using the MQL4 programming interface
  • Get price alert notifications via SMS, email and platform pop-ups
  • Free to use on desktop, web and mobile
Pacific Union MT4 Platform
PU Prime MT4 Platform

MetaTrader 5

MetaTrader 5 is the follow up platform to MT4. You may think that being the newer platform, it is more popular. However, that is not the case as so many traders have already become so familiar with MT4 that they continue to use it without making the step up to MT5. Furthermore, the majority of forex brokers provide MT4 whereas a limited number provide MT5, such as PU Prime.

The PU Prime MT5 platform is more powerful. You can trade forex, stocks, indices, commodities and cryptos with extremely competitive trading conditions. MT5 has more trading tools and capabilities including extra technical indicators, more drawing objects, a multi-currency strategy tester, more timeframes, more order types, a built-in economic calendar for fundamental analysis and much more. It is one of the most advanced and sophisticated trading platforms that you will find anywhere.

The PU Prime MT5 platform lets you stream real live prices on desktop, web and mobile, with depth of market pricing. You can communicate through the embedded MQL5 community chat to network with other traders and share tips and strategies. What’s more, the MT5 platform is completely free to use!

Pacific Union MT5 Platform
PU Prime MT5 Platform

PU Prime Mobile Trading App

The PU Prime mobile app is the brokers proprietary platform and is available for Android or iOS devices. PU Prime’s unique design, elegant user interface and advanced features help you seize your opportunity and provide you with an excellent trading experience from within the palm of your hands.

The trading app has a range of power yet simple to use trading tools for analysing the markets on the go. You get reliable execution speeds at the best available prices on a generous selection of more than 200 trading instruments across 6 asset classes. Traders can buy and sell instruments at low spreads and commissions, with flexible leverage.

The broker supports funding from multiple channels, whereas you can manage multiple accounts from the management portal. The PU Prime app delivers market news from around the globe whilst on the go and includes 24/5 dedicated customer support. Furthermore, you can access Market Analysis from analysts together with articles and streaming videos directly from the app.

Pacific Union Mobile Trading App
PU Prime Mobile Trading App

MAM/PAMM

The PU Prime MAM/PAMM account offering lets money managers maintain control of all their accounts from one intuitive interface. It provides flexible, dynamic and automated money management to professional traders.

MAM stands for Multi-Account Manager while PAMM stands for Percentage Allocation Management Module. Both of them allow the fund managers, to manage many accounts straight from their own accounts. The big advantage being, they don’t have to create an investment fund to manage other people’s accounts.

API Connectivity

PU Prime API connectivity lets you can create your own bespoke trading tools and algorithmic trading strategies using APIs. The API implements innovative and secure technology for deep liquidity, competitive pricing and reliable execution with mitigated latency.

Tools

Truth be told, the MetaTrader platforms should have plenty of trading tools to meet the needs of most traders. However, the broker has gone out of the way to provide some really useful trading tools which can improve the overall trading experience that they deliver.

There are various standalone trading tools on the broker’s website to help traders enjoy an enhanced trading experience. The PU Prime trading tools include Trading Signals, Currency Converter, Autochartist, ZuluTrade, VPS, an Economic Calendar, and more.

Economic Calendar

The economic calendar displays the latest market news releases so you can keep up to date with what is happening around the globe. Following the news is considered as an important aspect of fundamental analysis which can help prepare you for upcoming market movements. The calendar shows the date/time of each release along with the possible impact that it can have on various markets. I always like to be in touch with the latest market news as it can help anticipate market moves in advance and to help avoid any nasty surprises that can occur when trading around the news.

Currency Convertor

As the name suggests, this is a simple trading tool that will automatically convert one currency to another for you, using the latest currency quotes. It is good to have this handy on the brokers website to save us needing to look elsewhere for currency conversions.

Autochartist

When it comes to complex market analysis and trading signals, Autochartist is undoubtably one of the leading software providers.

Autochartist is the global leader in automated financial market analysis. The service provides technical analysis and statistical analysis of financial markets. Autochartist uses an advanced recognition algorithm to sift through live data coming into the system, spotting chart patterns and key price levels for multiple instruments, including Forex currencies and CFDs.

This analysis includes identification of breakouts of technical chart patterns, approaching and breakouts of support and resistance levels, as well as identification of exceptionally large market movements.

  • Save Time
  • Intraday Scanning
  • Trade Alerts
  • Chart Patterns
  • Volatility Index
  • Key Price Levels
  • Forecast Range
  • Filtered Search
  • Training Section
  • Integrated with MT4
  • Single Screen View
  • Market Scanner
  • Risk Calculator
  • Video Library
  • Autochartist integrates directly with MT4
Pacific Union Autochartist
PU Prime Autochartist

ZuluTrade

ZuluTrade is a social trading platform where you can share and copy trading signals with other traders. They have a database of traders whose performance you can filter according to important statistics that matter the most to you. You can then choose to follow these traders and get their trades copied to your PU Prime account. Keep in mind that there can be no guarantee on how well these signals will perform and past results are not an indication of future performance.

Pacific Union ZuluTrade
PU Prime ZuluTrade

If you are looking for a good way to set up a copy trading system then it’s hard to beat ZuluTrade. You’ll get access to over 10,000 traders to potentially follow, and the powerful ZuluTrade search feature lets you narrow that number down based on a large variety of conditions. For example, you could specify that you need traders with a minimum of 1 year with the service who have a maximum drawdown of 30%, and who trade their own money too. And since you can follow more than one trader you could use the service to set up your own diversified mutual fund of traders that you’re following. Plus, you can link ZuluTrade to a demo MetaTrader 4 account, allowing you to test the features and trader performance before risking any real money.

Virtual Private Server (VPS)

A Forex VPS can be a great way to run your trading platform 24/7 without needing your own computer switched on. This is because a virtual private server can host your platform on its own machine located remotely. You simply access the VPS to check the platform whenever you need to.

VPS’s are popular for traders who are using automated trading systems that needs to be up and running around the clock. They are also commonly used by traders who may not have the best internet connection at home and need a more reliable setup.

PU Prime provide a forex VPS to clients who trade a certain amount of volume each month. Not many brokers do this so it is another commendable aspect of this brokers services.

Pacific Union VPS
PU Prime VPS

Education

There is an excellent selection of educational resources on the PU Prime website. These educational resources are designed to help traders make informed trading decisions, and they include the following: learning articles, trading knowledge, video tutorials, e-books, glossaries, seminars, webinars, and news that keeps traders in the know of the latest events that takes place in the financial markets.

Technical Analysis

The PU Prime technical analysis section covers economic events with professional technical analysis and price action analysis including annotated screenshots which can help us to understand what is going on in the various markets and why.

Trading Guides

When it comes to trading guides, PU Prime is up there with the very best. Out of the hundreds of forex brokers that I have reviewed over the years, they have one of the most generous offering when it comes to trader’s education. There are free detailed guides that cover everything from an introduction to the markets, trading strategies, money management, psychology and much more.

Tutorial Videos

If you are more of a visual learner then worry not. The PU Prime tutorial videos cover plenty of topics to get you prepared for trading online, including how to use the provided platforms to place and manage trades.

eBooks

PU Prime supply clients with a good selection of free eBooks so that you can learn more about the markets and trading in your own time. These same guides could easily be sold on other websites so it is great the broker shows they care about traders by offering them so much educational resources completely free of charge.

Market Report

The PU Prime market reports break down the latest releases which can help identify potential market movements and future trends.

Market Ahead

The PU Prime market ahead section tells you about some of the latest market events that are worth keeping an eye on. They can be a useful to help prepare for the day’s trading activity and to inspire trade ideas.

Trading Glossary

Familiarise yourself with some of the most common trading terminologies using the PU Prime trading glossary.

Seminars & Webinars

PU Prime occasionally host webinars and seminars which can be a great way to improve your knowledge of the markets and trading skills. Whatever your experience level, there is likely to be something for everyone to learn.

Conclusion

Founded in 2015, PU Prime is a world-leading multi-asset brokerage firm that allows traders to buy and sell over 200+ financial instruments across 6 asset classes including forex, stocks, indices, commodities and cryptos. Traders get free access to use the powerful yet user-friendly MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions.

The broker’s clients enjoy access to various competitive trading conditions to help them get the most out of their trades. This includes spreads from 0.0 pips, competitive market quotes, rapid execution speeds and low commission fees. The minimum deposit required to start trading is just $50 and demo trading accounts are available free of charge.

In addition, there are an abundance of great trading tools along with a vast selection of learning resources and a professional customer support team to assist traders around the clock.

As a service-focused, global online trading brokerage, PU Prime provides multilingual services to 120 countries and regions throughout Oceania, Europe, Asia, Africa, and North America. Muslim traders are welcome whilst the broker is regulated by the Financial Services Authority of Seychelles (FSA). They continue to refine their technology and strive to provide the best trading environment for clients.

PU Prime

7.9

Markets

7.5/10

Platforms

8.0/10

Tools

8.0/10

Education

8.0/10

Pros

  • User-friendly trading platforms and apps
  • Good choice of forex currency pairs
  • Very competitive trading conditions
  • Large range of educational resources
  • Excellent selection of trading tools
  • Copy trading signals
  • Free demo trading accounts
  • 24/5 customer support

Cons

  • Cannot accept USA traders
  • Limited non-fx instruments