PU Prime (or Pacific Union) : Scam ? Our opinion on the broker
PU Prime, also called Pacific Union, is one of the main brokers present on the market. It has a worldwide reputation since it is present in more than 120 countries and tens of thousands of accounts have been created on their platform. In this article, we review what there is to know about PU Prime and we give you our opinion on a platform that sometimes divides investors !
PU Prime, or Pacific Union for short, is a broker that has a certain notoriety in the online investment community. The platform was launched in 2015 and today brings together hundreds of thousands of investors from more than 120 countries around the world.
PU Prime or Pacific Union?
Both denominations are suitable for naming this broker. Instead, Pacific Union refers to the name of the company and PU Prime, to the brand that offers the investments. In the industry, people tend to know the name Pacific Union rather than PU Prime.
The broker offers a multitude of diverse and varied financial products with attractive fees and spreads. Pacific Union has been awarded several times in the financial world with prizes such as the best customer service 2022 (Financial Expo Dubai), the best online broker 2022 (Financial Expo 2022) or the best trading app 2022 (International Business Magazine).
PU Prime is a heavyweight in the world of finance and trading. Moreover, here is PU Prime in a few key figures :
than 12 billion USD traded every day
+ 200,000 accounts created
17 offices around the world
18 languages available on the site
Present in more than 120 countries
The company behind PU Prime, Pacific Union, is domiciled and registered in and regulated by Seychelles. This is the reason why some French authorities blacklist the broker (example: AMF).
This is often the case for so-called offshore brokers who are not regulated by French authorities. This is particularly the case with certain crypto exchange platforms such as Bybit, which is nevertheless a very serious platform.
What services does Pacific Union offer ?
Pacific Union – PU Prime – offers a host of financial services under one platform. The broker offers CFDs most of the financial assets that are traded today.
What are CFDs?
If you are near or far in the middle of trading, you have certainly already heard of CFDs. Literally, CFD stands for “Contract For Difference”. That is to say, brokers actually sell contracts on the movement of a price and agree to pay you (or take you) the difference in price between the opening of a trade and its closing.
Here are the financial assets offered by PU Prime :
These are the main financial assets that investors and traders speculate on today. As mentioned above, being a broker, PU Prime offers contracts on the price movement of these assets and therefore does not actually buy them.
The primary purpose of this type of broker is to provide a trading space for traders who speculate on the price of an asset in order to make a profit.
In the case of cryptocurrencies, it is the same thing, you will not own the crypto itself. You will turn to a broker according to your objectives. If you only want to speculate on the price of a crypto, the broker will be more appropriate.
No need for a wallet, no need to pay the network costs generated by the purchase of tokens, …
One of the main characteristics of brokers and their leverage effect proposal. Indeed, many traders on the market practice day trading, or even scalping, etc. These trading techniques are quite fast and consist of opening and closing trades in a short period of time.
Trading obviously depends entirely on the volatility of an asset. If the latter does not move, it is not interesting for a trader.
To help create movement in the price of an asset, the broker offers leverage. It thus makes it possible to multiply the movement by a coefficient chosen by the trader. It is then possible to make interesting profits (or losses) even if the price is not hyper volatile.
The maximum leverage offered by PU Prime is 1:500 for FOREX, Commodities and Indices. For cryptos, it is maximum 1:33. It is obviously possible to adapt it according to its trades.
Trading platforms with PU Prime
Brokers offer access to financial services by applying fees and offering leverage, but they do not always offer a trading platform as such.
Often, traders choose an external platform (the best known being MT4 – MetaTrader 4) that they link to their broker account and they place their trades on MT4 directly.
PU Prime offers its financial assets via several trading platforms :
A mobile app developed by the broker on which you can trade and use all the trading tools you will need. PU Prime app is available on the App Store and Google Play
WebTrader : this is a web platform that PU Prime offers in collaboration with MetaTrader. You have a web tool on which you can trade with the same possibilities as on MT4 since Webtrader is a web version of their solution
MT4 or MT5 : the most used trading platform. You can connect your PU Prime account to MetaTrader to place your trades with your favorite tool
Fill in your basic information : Country of residence, First name, Last name, Email address and telephone number
You must then complete other information regarding your address, nationality and identity information
The next step concerns your financial situation. You answer a few questions about your income, trading habits, etc.
You then choose the type of account you want to set up by choosing your trading platform and your account type
The last step is to provide a document that proves your identity and one that proves your address. This verification step is mandatory and all brokers will pass it on to you.Vous devez ensuite attendre la vérification de votre compte
When verified, you can deposit your starting capital and start trading. (INFO: verifying your account will take about 12 hours)
The minimum deposit is $50 but we advise you to deposit at least $350 to have an interesting capital for your beginnings in trading.
You can make your deposit using the following payment methods :
What are the fees associated with trading on Pacific Union ?
Pacific Union offers a very clear and transparent fee system. Registration on the broker costs nothing and is completely free.
You also have one deposit and one withdrawal per month free.
PU Prime does not charge any inactivity fees !
The main fees you will pay are the spreads. This is the most common way for a broker to get paid. The spread is simply the difference between the buy price and the sell price.
Here are some examples of spreads practiced by PU Prime (note that these are scalable) :
PU Prime may take a fee also on weekends when you keep a position open. We call it the overweek. For the crypto market, there is a closing between Friday 11 p.m. and Saturday 1 a.m. During this period, you cannot close your position and your TP/SL cannot be triggered either. It is best to close your positions before the markets close, whether in cryptos or for other markets.
How to make a PU Prime withdrawal ?
If you are already an investor or trader using this broker, you may be wondering how to make a PU Prime withdrawal of some or all of your capital.
The broker offers a way to withdraw your money which is very simple and fast.
When you are logged into your customer account, you will find in the menu on the left, a tab called “Funds“, if your navigation is in English.
Click on Funds then on “Withdraw funds” which literally means “Withdraw funds”. You arrive on the page that will allow you to make your withdrawal.
You get one free withdrawal per month unless you do it with Skrill or Neteller.
Choose your withdrawal method : bank transfer, credit card, Skrill, Neteller or crypto withdrawal.
You then choose the amount of capital you want to withdraw. Note that the minimum withdrawal amount is $100!
When you have selected a payment method and an amount, you confirm your withdrawal. The processing time for this is between 24 hours and 5 working days depending on your means of payment.
Our opinion Pacific Union: what is the broker worth ?
Pacific Union is a broker of a certain size widely used in France. Many traders use this broker to trade every day. Indeed, PU Prime charges honest and average fees.
Their spreads are also consistent and geared towards the trader.
The PU Prime offer is interesting and you will find most of the financial assets in which you want to invest. We thus find all the raw materials, the most traded indices and a substantial supply of crypto-currencies.
PU Prime’s customer service is very good and the broker provides its investors with more than 200 experts who can help you in all circumstances.
Before investing with a broker, we always advise you to survey the market and find out beforehand to find out which one suits you best and offers the most attractive fees. However, PU Prime is a broker we know and trust.
Pacific Union review on Trustpilot
You are certainly familiar with the famous review site Trustpilot. We went to see what PU Prime users thought on Trustpilot.
The broker receives a good rating of 4.2 / 5 for 168 reviews.
Most positive Pacific Union reviews hail fast withdrawals, nice bonuses. Some speak of apprehension (as often in the trading world) but ultimately a good surprise.
Most negative Pacific Union reviews are individual cases of people who have lost their money and blame the platform they are trading on. Unfortunately, the broker is a tool but he cannot be held responsible for the loss of your capital.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
Risk Warning: Trading financial instruments and/or crypto-currencies involves high risks, including the risk of losing all or part of your investment, and may not be suitable for all investors. Crypto-currency prices are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases financial risk.
Before deciding to trade in financial instruments or crypto-currencies, you should be fully informed of the risks and fees associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and tolerance for risk, and seek professional advice if necessary.