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FX Sharp
Licensed, with open concerns High risk 2026-10-04

The broker holds a license from a recognised regulator, but this review found a problem it could not clear, such as a regulator warning in another country or a license claim that is not on the register. Read the regulation section before depositing.

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PU Prime Review · 2026

Warning Broker

Review · 2026 Ebene, Mauritius · Founded 2015 · Operating as PU Prime Ltd

License verified 04 Oct 2026 Next re-scan Jan 2027 11+ years in operation Min. deposit $20 · Leverage 1:1000

Key facts

Checked against ASIC register
Regulation
ASIC, FSCA, FSC
Headquarters
Ebene
Business model
Multi-Asset
Registration
Mauritius
Min. deposit
$20
Max leverage
1:1000
Spread from
0.0 pip (Prime/ECN)
Founded
2015
Legal entity
PU Prime Ltd
Website
puprime.com
Support email
info@puprime.com
Phone
+248 437 3105
Influence index
D · Asia

Active licenses

Checked on the regulator's public register, not the broker's website.

6 active
  • ASIC AU
    Active
    Entity
    PU Prime Trading Pty Ltd
    License ID
    410681
    Type
    Australian Financial Services Licence (AFSL)
    Checked
    04 Oct 2026
    Tier
    Tier 1 Full investor protection
  • FSCA ZA
    Active
    Entity
    PU Prime (Pty) Ltd
    License ID
    52218
    Type
    Financial Services Provider
    Checked
    04 Oct 2026
    Tier
    Tier 2 Strong framework, partial protection
  • FSC MU
    Active
    Entity
    PU Prime Ltd
    License ID
    GB23202672
    Type
    Investment Dealer
    Checked
    04 Oct 2026
    Tier
    Tier 2 Strong framework, partial protection
  • FSA SC
    Active
    Entity
    PU Prime Limited
    License ID
    SD050
    Type
    Securities Dealer
    Checked
    04 Oct 2026
    Tier
    Tier 3 Rules on paper, no compensation scheme
  • SVG FSA VC
    Active
    Entity
    PU Prime LLC
    License ID
    271 LLC 2020
    Type
    Company Registration
    Checked
    04 Oct 2026
    Tier
    Tier 4 Registration only, no real oversight
  • CMA AE
    Active
    Entity
    PU Prime Financial Services LLC
    License ID
    20200000388
    Type
    Category 5: Arrangement and Advice
    Checked
    04 Oct 2026

Score breakdown

Six dimensions, weighted per the published rubric.

Methodology →
Regulation 2.3/10
Weight 25%
License 2.5/10
Weight 20%
Risk Control 7.0/10
Weight 20%
Business 3.0/10
Weight 15%
Software 7.0/10
Weight 10%
Influence 1.5/10
Weight 10%

Strengths

6
  • ASIC-regulated Australian entity with AFSL 410681
  • MT4, MT5, PU Web Trader, and proprietary mobile app
  • Cent accounts start at $20
  • Prime and ECN spreads start at 0.0 pip
  • Negative balance protection for retail clients
  • Client funds held in segregated accounts with AA-level banks

Weaknesses

5
  • FCA warning, updated 20 April 2026, says PU Prime is unauthorised in the UK
  • Japan FSA warning dated 26 December 2024 cites unregistered OTC solicitation
  • Danish FSA warning dated 30 May 2023 cites unauthorised investment services
  • MT4 demo accounts are archived 60 days after creation
  • Extra monthly international bank withdrawals cost 20 account-currency units

Fees & trading

Min. deposit $20 · Leverage 1:1000

Trading platforms

  • MT4
  • MT5
  • PU Web Trader
  • PU Prime App

Account types

  • Standard
  • Prime
  • ECN
  • Cent
  • Islamic

Deposit methods

  • International Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
  • Sticpay
  • Bitwallet
  • AstroPay
  • Perfect Money
  • AirTM
Full review 8 min read Updated 04 Oct 2026

PU Prime review 2026: MT4, MT5, 0.0-pip pricing, and 50+ forex pairs

PU Prime is an Ebene-based multi-asset CFD and forex broker founded in 2015. Licensed by ASIC and FSA Seychelles under multiple licenses, with other group licenses claimed in South Africa, Mauritius, and the UAE, it trades on MT4 and MT5 with Standard, Prime, ECN, Cent, and Islamic accounts. It serves retail and professional clients across 50+ forex pairs, commodities, indices, shares, ETFs, bonds, and metals.

What is PU Prime?

PU Prime is a multi-asset CFD (Contract for Difference) and forex broker that began operating in 2015. The group uses several licensed and registered entities rather than one global company. Its headquarters is in Ebene, Mauritius, where PU Prime Ltd is registered. The brand also operates entities in Australia, Seychelles, South Africa, the United Arab Emirates, and Saint Vincent and the Grenadines.

The business model combines retail forex and derivatives access through MetaTrader and proprietary interfaces. The broker lists forex, commodities, indices, shares, ETFs, bonds, metals, and other derivative markets. The group structure matters because the legal entity serving a client determines the regulator, complaint route, and available protections. A license held by one affiliate does not automatically cover every client worldwide.

Is PU Prime regulated? Verification check

PU Prime regulation is mixed rather than uniform across the group. The prior verification scan confirmed PU Prime Trading Pty Ltd under ASIC (Australian Securities and Investments Commission) AFSL 410681. It also confirmed PU Prime Limited under the Seychelles FSA (Financial Services Authority) license SD050. The broker's current regulation page continues to publish those numbers.

The official site also lists South Africa's FSCA (Financial Sector Conduct Authority) FSP 52218 and Mauritius FSC (Financial Services Commission) GB23202672. It also lists UAE CMA (Capital Market Authority) license 20200000388. FXSharp classified those three claims as not independently verified in public records. PU Prime LLC also lists SVG FSA registration 271 LLC 2020, which is a company registration rather than a forex investor-protection license.

The review therefore treats the group as regulated in Australia and Seychelles, with additional group claims requiring separate verification. No compensation scheme was verified for the entities. This distinction is material because regulatory coverage follows the contracting entity, not the brand name alone.

Trading platforms

Trading platforms are the software interfaces used to place and manage orders. The broker supports MT4 and MT5 (MetaTrader 4 and MetaTrader 5), plus PU Web Trader and the PU Prime App. Both MetaTrader versions support Expert Advisors, or automated trading scripts, according to the broker's account specifications. MetaQuotes server verification remains unconfirmed, so platform availability should not be confused with independent server verification.

MT4 demo accounts are archived 60 days after creation. MT5 demo accounts are archived after 60 consecutive days without a login. That means the demo service is not unlimited under the FXSharp software rubric. The broker still scores strongly on software because it combines two major MetaTrader versions with web and mobile access.

Red flags and warning signs

Red flags here come from public regulator notices, not from an unsourced label. The FCA (UK Financial Conduct Authority) first warned about PU prime / Pacific Union (Seychelles) Limited on May 10, 2023. The FCA updated that warning on April 20, 2026 and states that the firm is not authorized in the United Kingdom. (source: FCA Warning List, April 20, 2026)

Denmark's Finanstilsynet also published a warning in May 2023 about Pacific Union (Seychelles) Limited. It stated that the firm lacked permission to provide the specified investment services to Danish customers. (source: Danish Financial Supervisory Authority, May 30, 2023) FXSharp also found a Japan Financial Services Agency warning dated December 26, 2024. It concerns unregistered OTC solicitation.

These notices concern local authorization, so they do not erase the verified Australian or Seychelles licenses. They do show that a valid license in one jurisdiction does not grant permission everywhere. The practical question is which legal entity accepts the account and whether that entity can serve the client's country.

Minimum deposit

Minimum deposit means the lowest funded balance that unlocks a specific live account. FXSharp lists $20, the entry level for the Cent account, as the minimum deposit. The current help center lists Standard trading from $50, Prime from 1,000 account-currency units, and ECN from 10,000. Prime Cent also requires the equivalent of $1,000.

The difference matters because a single "$20 minimum" does not describe every account. A Cent account uses USC, where 100 USC equals one USD. Standard accounts can show a zero funding requirement before trading, but the broker states that $50 is required to place trades. Account choice therefore changes the actual funding threshold.

Is the broker on any regulator warning lists?

Regulator warning lists identify firms that an authority says lack required local permission or present another defined concern. The FCA warning remains the clearest current entry, with an update dated April 20, 2026. The Danish warning concerns unauthorized investment services to Danish customers in 2023. FXSharp also found the Japan FSA warning from December 26, 2024.

A warning is not the same as a finding that every group entity is unlicensed. The Australian entity and Seychelles entity remain separately identified as regulated. The warning history still affects the review because readers must match their country, legal entity, and license before funding an account.

What do user complaints say?

User complaints are allegations from customers and are not regulatory findings. The current public review scan shows both favorable and unfavorable experiences, but the main aggregate rating is presently unavailable. Recent negative themes include withdrawal disputes, account reviews, execution complaints, and slow support responses. Individual posts cannot establish whether a broker breached a contract or regulation.

The strongest evidence therefore remains the regulator record and the broker's own transaction rules. The broker publishes a formal withdrawal process, identity checks, and method-specific fees. Readers comparing complaints should separate a documented processing rule from an unresolved individual dispute. That distinction prevents anecdotal claims from being treated as proven misconduct.

How to verify the broker for yourself

License verification means matching the exact company name and number against the regulator's own register. The brand name alone is not enough because PU Prime operates through several entities. A practical verification sequence is:

  1. Identify the legal entity shown in the account agreement before funding.
  2. For Australia, search ASIC for PU Prime Trading Pty Ltd and AFSL 410681.
  3. For Seychelles, search the FSA register for PU Prime Limited and SD050.
  4. Check the claimed FSCA, Mauritius FSC, and UAE CMA numbers independently.
  5. Search the local regulator's warning list for the brand and legal entity.

The result should show the same legal name, license number, and active status. A company registration should not be read as a forex authorization. The FCA warning also shows why a license held elsewhere does not create UK authorization.

How does customer support work?

Customer support is the broker's channel for account, funding, verification, and platform issues. The broker lists info@puprime.com and the Seychelles telephone number +248 437 3105. Its help center also directs trading-related questions through support and trading teams. The official withdrawal guides tell users to contact support when verification or payment requests fail.

Support contact does not replace a formal regulatory complaint route. The relevant route depends on the entity named in the client agreement. This is especially important where a warning states that local ombudsman or compensation protections do not apply. Keeping account statements, payment records, and written support replies preserves the factual record of a dispute.

Where is the broker actually based?

Corporate location is split across the entities that use the brand. The headquarters is in Ebene, Mauritius, where PU Prime Ltd lists Suite 201, Level 2, The Catalyst, Cybercity. The Australian entity lists a Sydney address, while PU Prime Limited lists Providence, Mahé, Seychelles. The South African and UAE affiliates have their own registered addresses.

This structure is common among multi-jurisdictional derivative brokers, but the location shown in marketing is not enough. The contracting entity determines which law and regulator govern the account. UK-facing users should note that the FCA warning specifically names Pacific Union (Seychelles) Limited and related broker websites.

Account types and bonus terms

Account types define pricing, deposit thresholds, and trading conditions. The account lineup includes Standard, Prime, ECN, Cent, and Islamic accounts. ECN means Electronic Communication Network, a pricing model associated with raw market-style quotes and separate commission. The broker advertises spreads from 0.0 pip on Prime or ECN pricing, while Cent pricing starts higher.

Maximum account leverage (the multiple applied to trading margin) reaches 1:1000 on eligible accounts and instruments. The default listed leverage is 1:500, with selectable levels from 1:100 through 1:1000. Such levels are tied to the applicable entity and product rules, so they should not be assumed available under every jurisdiction.

The broker also advertises deposit-credit promotions in eligible regions. Current terms state that withdrawals can reduce or remove promotional credit. Promotion eligibility varies by country and account type. Bonus credit should therefore be read as a conditional account feature, not as withdrawable cash equivalent to the client's deposited funds.

FeatureBroker Information
Founded2015
HeadquartersEbene, Mauritius
Disclosed regulatorsASIC 410681; FSA Seychelles SD050; FSCA 52218; FSC Mauritius GB23202672; UAE CMA 20200000388
Registration verifiedASIC 410681 and FSA Seychelles SD050 verified; other listed licenses not independently verified in this review
Trading platformsMT4, MT5, PU Web Trader, PU Prime App
Minimum deposit$20 on Cent; higher thresholds apply to other accounts
Maximum leverage1:1000
Account typesStandard, Prime, ECN, Cent, Islamic
Islamic accountAvailable
Customer supportEmail and telephone support disclosed
Deposit methodsBank transfer, cards, Skrill, Neteller, Sticpay, Bitwallet, AstroPay, Perfect Money, AirTM

Is PU Prime safe? Honest assessment

PU Prime safety depends on verified licensing, local authorization, and the contracting entity. The FXSharp score is 3.8/10, with stronger software and risk-control scores than license and regulation scores. ASIC authorization improves the Australian entity's regulatory profile, while Seychelles licensing covers a separate offshore entity. Those protections should not be treated as interchangeable.

The main decision point is legal-entity matching rather than platform availability. MT4, MT5, low-entry Cent funding, and negative balance protection are documented operational features. The FCA, Danish, and Japan warnings show that local authorization has not been universal. A reader should verify the exact entity, license, and country permission before treating any group-level regulation statement as applicable.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.

FXSharp Editorial Team
Published 06 Oct 2026 · Last verified 04 Oct 2026 · Sources: ASIC register, FSCA register, FSC register, FSA register, puprime.com

Frequently asked questions

PU Prime operates through several entities, not one universal license. This review verifies ASIC license 410681 for PU Prime Trading Pty Ltd and Seychelles FSA license SD050 for PU Prime Limited. The broker also discloses FSCA, Mauritius FSC, and UAE CMA licenses, but FXSharp did not independently verify those three public-record entries.
PU Prime is not accurately described as simply unregulated because verified ASIC and Seychelles FSA licenses exist for separate group entities. Public warnings still matter: the FCA says the named Seychelles firm is not authorized in the UK. A regulator warning about local authorization is not, by itself, a finding that the entire group committed fraud.
PU Prime has documented local-authorization warnings in FXSharp's research. The UK FCA first published its warning on May 10, 2023 and updated it on April 20, 2026. Denmark's Financial Supervisory Authority warned on May 30, 2023. FXSharp also found a Japan Financial Services Agency warning dated December 26, 2024.
PU Prime license verification starts with the legal entity named in the client agreement. Search ASIC for PU Prime Trading Pty Ltd and 410681, then search Seychelles FSA for PU Prime Limited and SD050. For other claimed licenses, match the exact entity and number in the FSCA, Mauritius FSC, or UAE CMA register before relying on the claim.
PU Prime fund recovery depends on the contracting entity, payment method, and dispute facts. Possible routes include the broker's written complaint process, a card chargeback where the issuer's rules allow it, and a complaint to the regulator covering the account entity. Keep statements, payment records, identification requests, and support correspondence because each route requires evidence and has its own deadlines.

User reviews & complaints

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