Desk file · 2026 edition · record confidence: medium
PU Prime
We opened the file on PU Prime the way we open every file: register first, marketing never. Trading since 2015, run out of Mahe, Seychelles, and carrying 4 licence entries on the public record, 1 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FSA Seychelles | SD050 | Seychelles | T3 | PU Prime Limited (reg. 8426654-1) | puprime.com |
| FSC Mauritius | GB23202672 | Mauritius | T3 | PU Prime Ltd | puprime.com |
| FSCA | FSP 52218 | South Africa | T2 | PU Prime (Pty) Ltd | puprime.com |
| ASIC | 410681 | Australia | T1 | PU Prime Trading Pty Ltd (ABN 63 151 613 839; formerly Admirals AU Pty Ltd, formerly Admiral Markets Pty Ltd) | search-afsl.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- PU Prime's regulation page states it has been a regulated broker since 2015 and is overseen by the FSA (Seychelles), FSCA (South Africa), FSC (Mauritius) and CMA (UAE).
- PU Prime Limited holds FSA Seychelles Securities Dealer licence SD050 under registration number 8426654-1.
- PU Prime Ltd is stated in the group privacy policy to be an investment dealer authorised by the FSC of Mauritius under licence GB23202672.
- PU Prime (Pty) Ltd is a South African Financial Services Provider under FSCA FSP number 52218.
- PU Prime acquired Admirals' Australian unit in early 2025. The ASIC AFS licensee register shows AFSL 410681 — first issued on 19 January 2012 — now held by PU Prime Trading Pty Ltd, after the licensee was renamed from Admirals AU Pty Ltd on 25 January 2025 (licence record: https://search-afsl.com/PU+Prime+Trading+Pty+ltd/afs-licensee/410681; name history: https://abr.business.gov.au/AbnHistory/View/63151613839).
- PU Prime also names PU Prime LLC among its legal entities; that entity's jurisdiction and any registration number were not confirmed for this record.
- PU Prime's regulation page states the broker has been regulated since 2015 and lists FSA Seychelles licence SD050, FSC Mauritius licence GB23202672, FSCA South Africa FSP 52218 and CMA UAE licence 20200000388, with the FSA entity's registered address at CT House, Office 1A, Providence, Mahe, Seychelles (https://www.puprime.com/regulation/).
- PU Prime's account page lists four account types — Standard (USD 50 minimum deposit), Prime (USD 1,000), ECN (USD 10,000) and Cent (USD 20) — all with leverage up to 1:1000 and stated spreads from 1.3 pips on Standard and Cent (https://www.puprime.com/account-types/).
- PU Prime's FSA Client Service Agreement (clause 12) pledges client money and security to the broker as security for client liabilities, and its risk warning states clients 'can lose more than [their] invested capital' and 'may be required to make further payments'; the agreement contains no client-funds segregation or negative-balance-protection clause (https://www.puprime.com/pdf/0628/PU_Prime_FSA_Client_Service_Agreement_26.pdf).
- PU Prime's regulation-page FAQ lists an ASIC licence (licence no. 410681), although the page's main regulatory section does not name the Australian entity (https://www.puprime.com/regulation/).
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- founded
- hq
- minDeposit
- maxLeverage
- spreadEurusd
- segregatedFunds
- negativeBalanceProtection
- publiclyListed
- PU Prime LLC jurisdiction and registration number
- accountTypes (names taken from secondary sources)
- headquarters
- negative balance protection
- minDeposit — varies by account type: USD 20 (Cent), USD 50 (Standard), USD 1,000 (Prime), USD 10,000 (ECN); no single figure.
- spreadEurusd — 1.3 pips is the 'From' figure on the Standard/Cent accounts, not a measured average and not explicitly labelled EURUSD; Prime/ECN advertise 'From 0.0 pips' (raw/commission).
- segregatedFunds — the FSA Client Service Agreement contains no client-funds segregation clause and instead pledges client security to the broker (clause 12); marketing pages claim fund protection, but the legal document does not state segregation. Left null.
- publiclyListed — no exchange listing, ticker or investor-relations page could be found for PU Prime; a private-company 'false' could not be sourced to a primary page. Left null.
- hq — the FSA entity's registered address (Mahe, Seychelles) was used; the group's regulation page also lists registered addresses in Ebene (Mauritius), Cape Town (South Africa) and Dubai (UAE) for its other entities.
- founded — 2015 is the broker's own 'regulated since 2015' statement on its regulation page, not an independently registry-verified date.
- legalEntities sourceUrls on puprime.com return HTTP 403 to plain curl (bot protection) but load via other fetch paths; none listed as dead.
| Founded | 2015 |
| Head office | Mahe, Seychelles |
| Minimum deposit | not verified |
| Leverage cap | up to 1:1000 |
| EUR/USD | 1.30 pips |
| Tier-1 entries | 1 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
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Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.