PU Prime Information

PU Prime is a forex and CFD broker that was founded in 2016 and is based in Australia, offering popular instruments, including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs. PU Prime provides five different account types including Cent, Standard, Prime, Pro, Islamic, with each account offering different features and benefits such as minimum deposit requirements, spreads, and leverage. Leverage offered by PU Prime ranges from 1:500 to 1:1000. The minimum deposit required to open an cent account with PU Prime is $20.

Regard trading software, PU Prime offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients, known for its user-friendly interface and advanced trading tools.

Is PU Prime Legit?

PU Prime Limited is regulated by the Seychelles Financial Services Authority under a Retail Forex License. The license number is SD050.

Additionally, PU PRIME (PTY) LTD is regulated by the Financial Sector Conduct Authority, while the regulatory status is general registration.

Pros and Cons

Market Intruments

PU Prime offers some popular instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.

Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.

Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.

Account Types

As for trading accounts, five options are available: Cent, Standard, Prime, Pro, and Islamic.

The Cent account is designed for beginner traders who want to start trading in small amounts. This account type has a minimum deposit requirement of just $20 and offers fixed spreads, making it an ideal choice for those who are new to trading.

The Pro account seems to be designed for traders who are just starting out in forex trading. This account type requires a minimum deposit of $50 and offers spreads from 1.3 pips.

The Standard account is the most popular account type and is suitable for most traders. It requires a minimum deposit of $50 and offers variable spreads. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Prime account is designed for advanced traders who require fast execution speeds and tight spreads. This account type requires a minimum deposit of $1,000 and offers ECN spreads starting from 0 pips. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Islamic account is designed for clients who require Sharia-compliant trading solutions. This account type offers swap-free trading and is available to clients of all levels.

Other account features include

• Expert Advisors (EA) trading tool
• Negative balance protection
• Autochartist
• Trading signals
• Daily news update
• Market analysis (daily live-broadcast)
• Economic calendar

How to Open an Account?

• To open an account with this broker, you need to first visit their website and click on the “Live Account” button.

• You will be required to fill out a registration form with your personal information, such as your name, email address, and phone number.

• After completing the registration form, you will need to verify your identity by submitting some form of identification, such as a passport or driver's license. You may also be required to submit proof of address, such as a utility bill or bank statement.
• Once your account is verified, you can proceed to make a deposit. The minimum deposit amount varies depending on the type of account you have selected. You can make a deposit using various payment methods such as bank transfer, credit/debit cards, and electronic payment systems.
• Once your deposit has been processed, you can start trading using the trading platform provided by the broker. You may also be required to complete some additional steps such as setting up your trading account and configuring your account settings before you can start trading.

Leverage

PU Prime offers leverage of up to 1:500, which is a relatively high leverage compared to other brokers in the industry. The high leverage can be beneficial for traders who want to take larger positions with a smaller capital investment. However, it is important to note that high leverage also comes with high risk, as losses can exceed the initial investment.

Spreads & Commissions (Trading Fees)

Spreads and commissions, also known as trading fees, are the costs that traders incur when opening and closing positions on the market. PU Prime offers variable spreads starting from as low as 1.3 pips for its Cent, Standard, Pro and Prime account types. Additionally, this broker offers a zero-commissions trading environment on its Cent, Prime and Pro accounts. Islamic and Prime accounts charge a commission of $3.5 per lot per side.

Non-Trading Fees

Non-trading fees are the fees that brokers may charge their clients for services not directly related to trading, such as deposits, withdrawals, account inactivity, and currency conversion. Here is an overview of the non-trading fees of PU Prime:

Deposits: PU Prime does not charge any fees for deposits made through bank transfers, credit/debit cards, or e-wallets. However, clients should check with their payment providers for any fees they may charge.

Withdrawals: PU Prime does not charge any fees for withdrawals made through bank transfers or e-wallets. However, for withdrawals made through credit/debit cards, the broker charges a fee of 2% of the withdrawal amount, with a minimum of $5 and a maximum of $30.

Account Inactivity: If a client's account remains inactive for a period of 180 days, PU Prime will charge an inactivity fee of $15 per month until the account is reactivated or the balance is reduced to zero.

Currency Conversion: PU Prime charges a fee of 2% for currency conversions on deposits or withdrawals made in a currency different from the account's base currency.

Trading Platform

PU Prime offers two choices of the most popular trading platforms in the industry: MT4 and MT5. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options. Traders can also use Expert Advisors (EAs) and algorithmic trading strategies through these platforms.

MT4 is known for its stability, security, and user-friendly interface. It has a wide range of features that make it an ideal choice for both novice and experienced traders. On the other hand, MT5 is the newer version of the platform that comes with additional features and tools, including an economic calendar, more technical indicators, and a built-in strategy tester.

Here is a table format for the comparison of trading platforms between PU Prime and other brokers:

Autochartist

PU Prime offers the Autochartist tool to its clients, which is a powerful technical analysis tool that scans the market for trading opportunities based on chart patterns, Fibonacci patterns, and key levels. Autochartist also provides traders with an estimated probability of success for each opportunity and can be accessed through the MT4 and MT5 platforms.

Traders can use the Autochartist tool to identify trading opportunities and set up automated trading strategies based on their analysis. This tool can also be used to set up price alerts and receive notifications when a specific trading opportunity presents itself.

Deposit & Withdrawal

PU Prime offers over 10 deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.

Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method. PU Prime also reserves the right to request additional documentation to verify the client's identity and protect against fraud.

PU Prime Copy Trading

PU Prime's copy trading feature, facilitated through the PU Social app, can enhance the trading experience, especially for those new to the financial markets.

By using PU Social, users can easily select and follow master traders. This allows them to replicate the trading strategies and results of seasoned professionals directly in their own accounts. Simply choose a professional trader within the app, and start copying their trades to begin seeing similar results in your own trading activities.

This feature not only simplifies the learning curve but also provides a practical way to potentially increase trading success by leveraging the expertise of experienced traders.

Customer Support

PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/5, from Monday to Friday. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more.

Educational Resources

PU Prime offers solid educational resources for its traders. These resources include video tutorials, a blog, e-books, and a glossary. The video tutorials cover a wide range of topics, including basic trading concepts, technical analysis, and strategies for trading different financial instruments. The blog provides traders with up-to-date market news, analysis, and commentary. The e-books are designed to provide in-depth knowledge on specific trading topics, such as chart patterns and trading psychology. The glossary is a comprehensive reference tool that defines key terms and concepts used in trading.

Conclusion

PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to satisfy the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis.

However, the minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep. Additionally, the broker does not offer any bonuses or promotions to its clients, which may be a disadvantage for traders looking for incentives to trade.

FAQs

Is PU Prime a legit broker?

Yes, PU Prime is regulated by both FSA.

What tradable instruments does PU Prime offer?

PU Prime offers access to popular trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.

What trading platforms are available at PU Prime?

PU Prime offers both the MT4 and MT5 trading platforms.

Does PU Prime offer educational resources for traders?

Yes, PU Prime provides educational resources such as video tutorials, a blog, e-books, and a glossary.

What is Autochartist and does PU Prime offer it?

Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.

Is PU Prime good for beginners?

Yes, Pu Prime is a solid choice for beginners, as it is a strictly regulated broker that allows low-budget trading, and it also offers both MT4 and MT5 and solid educational contents.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.

Overview of Axiory

Established in 2012, Axiory is a forex broker registered in Belize that claims to offer online trading services for a range of financial instruments, including forex, gold and metals, oil and energies, CFD indices, CFD stocks, exhcange stocks, exchange ETFs with leverage up to 1:2000.

An interesting feature of Axiory is its commitment to social responsibility. The company has established the Axiory Intelligence initiative, which is a research-based program that aims to promote education and social responsibility in the financial industry.

Axiory also supports various social causes through its Axiory Care program. In terms of trading platforms, Axiory offers multiple choices, including the popular MetaTrader 4 platform, MetaTrader 5 platform, as well as cTrader, with its proprietary trading app called MyAxiory App.

Besides, this broker also offers advanced charting tools, technical analysis indicators, and other features to help traders quickly acquaint themselves with online trading.

Pros and Cons

One of Axiory's biggest strengths is the wide range of trading instruments available. Traders can choose from a diverse selection of assets, including major and minor currency pairs, popular stocks, and popular indices. Additionally, the broker offers commodities such as oil and gold, which provide traders with opportunities to diversify their portfolios. Another significant advantage of Axiory is their multiple account types of low minimum deposits.

On the downside, Axiory's regulation is only offshore by FSC in Belize, which is not a top-tier regulator. Plus, no 7/24 online customer support available, and clients from Bulgaria, Burkina Faso, Cameroon, Croatia, Democratic Republic of the Congo, Haiti, Kenya, Mali, Monaco, Mozambique, Namibia, Nigeria, Philippines, Senegal, South Africa, South Sudan, Tanzania, Venezuela, Vietnam, and Yemen are not allowed.

Is Axiory Legit?

Axiory is authorized and offshore regulated by the Financial Services Commission (FSC) in Belize. This regulatory body is responsible for ensuring that financial institutions operate in a transparent and fair manner, which can provide traders with some reassurance about the legitimacy of the broker. Axiory's adherence to regulations also means that the company must follow certain guidelines, such as maintaining sufficient capital reserves, which can help to protect traders in the event of any financial instability.

However, it is important to note that the IFSC is not a highly-respected regulatory body in the financial industry, which may lead some traders to question the level of oversight and protection provided. Additionally, the regulatory requirements of the FSC may not be as stringent as those of other regulatory bodies, which could result in less protection for traders.

Market Instruments

Axiory offers a range of market instruments to cater to the diverse trading needs of its clients.

Firstly, the broker provides access to the forex market, which is the largest financial market in the world, enabling traders to trade currency pairs with tight spreads and competitive pricing.

Secondly, Axiory offers exchange-traded stocks and ETFs, which provide traders with exposure to a variety of companies and industries across the globe.

Additionally, Axiory offers CFDs on stocks and indices, providing traders with the ability to trade on the price movements of individual stocks or entire market indices.

Finally, Axiory offers trading in oil and energy products, which can provide traders with exposure to the commodities market and its price fluctuations

Account Types/Fees

Axiory offers a diverse range of trading accounts to cater to the needs of traders with varying experience levels and trading styles. The broker offers five types of trading accounts, including NANO, STANDARD, MAX, TERA, and ALPHA.

Demo Accounts

Axiory offers demo accounts to its clients, which are a great tool for traders to practice trading without risking real money. The demo accounts are designed to replicate the live trading environment, allowing traders to familiarize themselves with the platform, test different trading strategies, and gain experience before trading with real money.

Axiory's demo accounts are free and come with up to $10,000 virtual funds that traders can use to simulate trading. The demo accounts are available for all account types and provide traders with access to the same trading instruments, platforms, and tools as live accounts. The demo accounts are not time-limited, which means there is no expiry date on your demo accounts.

Islamic Accounts

Axiory offers Islamic accounts, also known as swap-free accounts, which are designed for traders who follow the Islamic faith and can not receive or pay interest due to religious reasons. These accounts comply with Shariah law and do not charge or pay any overnight interest (swap) fees on positions held open for more than 24 hours.

Islamic accounts at Axiory offer the same features as standard trading accounts, including access to all trading instruments and platforms, customer support, and educational resources. The only difference is that Islamic accounts operate on a commission-based structure, and there are no overnight swap fees charged or credited to the account.

To open an Islamic account with Axiory, traders need to submit a request to the customer support team, and the account will be verified and set up within 24 hours. It is important to note that Axiory reserves the right to revoke the swap-free status if there is evidence of abuse or misuse of the account.

How to Open an Account?

Step 1: To open an account with Axiory, interested clients can simply navigate to the broker's website and click on the “Start Now” button.

Step 2: This will lead you to a registration page where you will be prompted to provide your personal information, including name, email address, and phone number. Additionally, you will need to choose the account type.

Step 3: After submitting the registration form, you will receive an email with a link to verify their account. Once the verification process is complete, you can proceed to fund your account via one of the payment options available.

Leverage

Axiory offers a range of leverage options for traders, depending on their chosen account type. The maximum leverage ranges from 1:50 to 1:2000 on the Max account, while 1:50-1:1000 on the Nano/Standard/Tera Account.

However, it's worth noting that higher leverage also comes with higher risk, and traders should be aware of the potential consequences of trading with a high leverage ratio. It's important to carefully consider your own risk tolerance and trading strategy before deciding on a leverage ratio for your account.

Trading Platform

Axiory offers its clients access to several trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the cTrader platform and the MyAxiory mobile app.

The MetaTrader platforms are widely used by traders worldwide and offer advanced charting capabilities, multiple time frames, and a wide range of technical indicators and analysis tools. The cTrader platform, on the other hand, is known for its fast execution speeds and advanced order management features, making it a popular choice for scalpers and high-frequency traders.

The MyAxiory mobile app allows traders to access their accounts and trade on-the-go using their mobile devices. The app is user-friendly and features real-time price quotes, charting tools, and the ability to place orders and manage positions.

Deposit & Withdrawal

Deposit

Axiory accepts deposits via Visa, JCB, UnionPay, Bank Transfer, Neteller, Skrill, and ThunderX Pay.

There is no deposit fees charged if you deposit using Visa, JCB, UnionPay, and Bank Transfer, but payment fees may be charged by the payment method provider if you deposit via Neteller, Skrill, and ThunderX Pay.

As for the deposit processing time, most deposits are instant, while bank transfers require 3-10 business days and ThunderX Pay requires ip to 15 minutes after confirmation.

Withdrawal

Axiory accepts withdrawals via Visa, JCB, UnionPay, Bank Transfer, Sticpay, Neteller, Skrill, ThunderX Pay.

There is no fees for Visa, JCB, UnionPay, and Sticpay, while withdrawal via other methods may be charged fees.

The processing time for withdrawals varies depending on the payment method used, with e-wallets (instant) typically being the fastest and bank transfers (3-10 business days) taking the longest.

Customer Support

Traders can contact the support team via email, phone, live chat, or contact form. The broker also provides a comprehensive FAQ section on its website, where traders can find answers to common questions related to trading, account management, and more.

Conclusion

Axiory is a forex broker offering a variety of trading instruments, account types, and educational resources to its clients. The broker's trading conditions, such as high spreads and commissions, may not be ideal for all traders, but its leverage options can benefit those looking for higher returns. However, Axiory's weakness lies in lack of top-tier regulation. Ultimately, traders should carefully consider their individual trading needs and goals before choosing Axiory as their broker.

FAQs

Is Axiory a regulated broker?

Yes, Axiory is authorized and offshore regulated by the International Financial Services Commission (FSC) in Belize.

What is the minimum deposit required to open an account with Axiory?

Just $10.

What trading platforms are available at Axiory?

Axiory offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as cTrader and MyAxiory App.

Does Axiory offer Islamic accounts?

Yes, Axiory offers swap-free Islamic accounts for traders who follow Shariah law.

What is the maximum leverage offered by Axiory?

Up to 1:2000.