PU Prime Review: Is PU Prime Legit or a Scam?
PU Prime, also known as Pacific Union (Seychelles) Limited, is a forex and CFD broker that was established in 2016. The broker is based in Australia and offers a variety of trading instruments such as forex, commodities, cryptocurrencies, metals, indices, stocks, bonds, and ETFs. Despite its wide array of offerings, PU Prime has faced negative reviews, with many traders questioning its legitimacy. This article explores the legitimacy of PU Prime and whether it can be trusted by potential clients.
Website: https://puprime.com/, https://www.puprime.net
Website Availability: Yes
Domain Age:
- Name PUPRIME.COM
- Registry Domain ID 2418267937_DOMAIN_COM-VRSN
- Registered On 2019-07-30T04:29:54Z
- Expires On 2025-07-30T04:29:54Z
- Updated On 2024-06-29T01:40:37Z
Overview
PU Prime is marketed as a broker with an extensive range of trading options and various account types for retail traders. However, its reputation has been marred by claims of unfair practices and unresponsive customer service. Some traders report issues with withdrawal processes and hidden terms, raising suspicions about the broker’s operations.
While PU Prime claims to provide high-quality services, there are serious concerns about the platform’s transparency and reliability. The broker’s blacklisting by the FCA (Financial Conduct Authority) in the UK has added to the growing skepticism about its operations. Additionally, several users on forums like ForexPeaceArmy have shared experiences of losing profits after fulfilling the broker’s conditions, only to see their withdrawals reversed or denied. These incidents suggest that PU Prime may engage in practices that are not entirely fair to its customers.
Is PU Prime Legit or a Scam?
Given the feedback from traders and the blacklisting by the FCA, it’s crucial to question whether PU Prime is truly a legitimate broker. Multiple negative reviews, including those from users who deposited funds and were unable to withdraw their profits, suggest that PU Prime may engage in questionable practices. One trader reported depositing $1,000, earning a profit of $1,351, only to have the profit removed by the broker with no explanation. After contacting the support team and the account manager multiple times, the trader received no response, leading to frustration and distrust.
Another common complaint is that PU Prime uses a “bonus trick,” where they remove profits when traders attempt to withdraw funds. This strategy seems designed to prevent clients from earning significant returns, which is a red flag for anyone considering investing with this broker.
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