PU Prime Review

Summary: PU Prime Rebate Audit 2026 i Analyzes the trading costs and rebate rates for PU Prime when accounts are connected to the CashbackForex execution link.

Live Spreads: Net Trading Costs i Values reflect average market pricing. Net cost calculations represent the spread minus the applicable rebate rate.

The PU Prime Standard account features an average EURUSD spread of 0.41 pips. Other major currency pairs on this tier show average spreads of 2.25 pips on GBPJPY and 0.70 pips on AUDNZD, with the general forex spread average standing at 1.12 pips. Precious metals trading costs average 0.13 pips (1.3 points) for Gold (XAUUSD) and 0.019 pips (0.19 points) for Silver (XAGUSD).

Connecting your account to CBFX rebates lowers these transaction costs, reducing the gross spreads across both standard and commission-based accounts.

Spreads are generally stable during peak liquidity hours, but typical market widening occurs during economic news releases, central bank rate decisions, and low-volume regional sessions. You can compare these net cost profiles against other brokers using the tool above.

Unverified customer feedback details different experiences depending on the region. Clients from Malaysia and Nigeria report normal platform stability and execution during standard market hours. Conversely, an unverified entry from July 2025 by user FabioAndreoli notes an account restriction and payout issue during a withdrawal process. Another comment from user Kuncen_fx indicates that promotional campaigns are restricted in certain regions, specifically naming Indonesia and Egypt. Unverified claims are presented for informational purposes and do not carry the same weight as audited trading logs.

Regulations: Jurisdictions & Rebate Rules i Regulatory registrations define rebate eligibility. We track regional compliance parameters to ensure appropriate account setup.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
PU Prime Trading Pty Ltd	Australia - AU ASIC					30 : 1
PU Prime Ltd	Mauritius - MU FSC					1000 : 1
PU Prime (Pty) Ltd	South Africa - ZA FSCA					1000 : 1
PU Prime Limited	Seychelles - SC FSA					1000 : 1
PU Prime Financial Services LLC	United Arab Emirates - UAE SCA					500 : 1

PU Prime operates multiple regulated entities, and rebate eligibility depends on the company hosting your account:

• Eligible Entities (FSA Seychelles, FSC Mauritius, and FSCA South Africa): Accounts registered under these offshore and regional branches are fully eligible to receive CBFX rebates. Retail leverage up to 1000:1 is available under these divisions.
• Restricted Entities (ASIC Australia / CMA UAE): Accounts operating under the ASIC entity (PU Prime Trading Pty Ltd) or CMA UAE are subject to regional compliance rules that may restrict direct marketing and cashback programs. It is important to confirm your regulatory mapping during the registration process.

The broker maintains client funds in segregated accounts at Tier-1 banking institutions and provides negative balance protection across all account types to prevent deficits from market gaps.

Live Swaps: Overnight Financing i Swaps are interest rate debits or credits applied at rollover. Rebates offset a portion of these overnight holding costs.

Positions held past 22:00 GMT server time are subject to standard overnight swap charges. On EURUSD, standard swaps are -0.68 pips for long positions and 0.59 pips for short positions.

On higher-yielding currency crosses and metals, overnight fees are higher. GBPJPY swaps are 0.30 pips for long positions and -2.31 pips for shorts. Holding long Gold (XAUUSD) positions costs -9.35 points per night, while short positions are debited -15.96 points. Silver (XAGUSD) swaps are 0.04 points for long entries and 1.96 points for short entries. A triple swap charge is processed on Wednesday nights to account for weekend settlement.

Islamic (swap-free) accounts remove standard overnight charges in compliance with Shariah guidelines, replacing them with fixed administrative fees. Rebates remain payable on swap-free accounts at the standard rate.

Assets: Multi-Asset Rebate Structure i Rebates apply to multiple asset classes, allowing you to earn cash back across different instruments on the same account.

Rebate rates vary across asset classes according to the broker's fee structure:

• Metals: Gold (XAUUSD) pays a 0.75 pips rebate on Standard and Cent accounts, and $1.00 per lot on Prime. Silver (XAGUSD) pays 0.40 pips on Standard and Cent, and $1.00 per lot on Prime.
• Energies: Oil contracts yield a 0.75 pips rebate on Standard/Cent accounts, and $1.00 per lot on the Prime tier.
• Indices & Soft Commodities: Index CFDs pay $17.50 per $1 Million USD volume on Standard/Cent accounts, and $7.50 on Prime. Soft commodities pay $17.50 per $1 Million USD volume across all account types.
• Equities & ETFs: Share CFDs and ETFs pay $9.00 per $1 Million USD volume across all account tiers.
• Cryptocurrencies: Crypto CFDs generate $25.00 per $1 Million USD volume across all account types.

PU Prime Account types

	Standard	Prime	Cent
Commission	$0	$7	$0
Maximum leverage	1000:1
Mobile Platform	MT4 Mobile, MT5 Mobile, Proprietary
Trading platform	MT4, MT5, Proprietary
Spread Type	Variable Spread
Minimum Deposit	50	1000	20
Minimum Trade Size	0.01
Trailing Stops		-
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard
Commission	$0
Maximum leverage	1000:1
Typical Spread	from 1.3 pip
Trading platform	MT4MT5Proprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Prime
Commission	$7
Maximum leverage	1000:1
Typical Spread	from 0 pip
Trading platform	MT4MT5Proprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	1000
Minimum Trade Size	0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Cent
Commission	$0
Maximum leverage	1000:1
Typical Spread	from 1.3 pip
Trading platform	MT4MT5Proprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	20
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Accounts are categorised by initial deposit requirements: $20 for Cent, $50 for Standard, $1,000 for Prime, and $10,000 for ECN.

Trading costs differ based on the selected account type:

1. Standard Account: The combination of a 0.41 pip average EURUSD spread and a 0.40 pip rebate results in a net cost of 0.01 pips, offering competitive pricing for a commission-free account.
2. Cent Account: Built for smaller balances, this tier offers the same 0.40 pip rebate as the Standard account but allows trading in micro-lots with a $20 minimum deposit.
3. Prime Account: Requires a $1,000 minimum deposit and offers raw spreads starting at 0.0 pips with a $1.00/lot rebate. This configuration reduces the round-turn net commission to $6.00 per lot for commission-based algorithmic trading.

Platforms

PU Prime routes orders through standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) servers. MT4 is suitable for manual execution, while MT5 supports advanced algorithmic strategies with more timeframes and built-in technical indicators.

The broker also provides a custom PU Web Trader integrated with TradingView charts, and the proprietary PU Prime App with mobile social copying features. Mobile connections generally introduce additional routing latency compared to desktop terminals. Traders running automated systems are advised to run desktop platforms close to the broker's primary execution servers to minimise execution delays and slippage.

Funding: The Monthly Rebate Cycle i Verifies funding processing times, transaction fees, and minimum requirements for broker and CBFX payout channels.

There is a difference between account minimums and gateway transfer limits. Although a Cent account can be operated with a $20 balance, standard electronic payment channels (including credit cards, e-wallets, and cryptocurrencies) require a minimum deposit of $50. Funding a Cent account with $20 requires depositing $50 into the broker wallet first and making an internal transfer.

International bank wire transfers have no minimum limit from the broker, but intermediary banking institutions usually charge processing fees. The deposit parameters are documented on the broker's official deposit parameters page.

While deposits are free of broker fees, CBFX rebates are calculated and credited on a monthly basis. Trading volumes are reviewed at the end of each calendar month, and the resulting cash back is paid shortly after through your chosen payout channel.

Leverage

Through its FSC Mauritius, FSA Seychelles, and FSCA South Africa divisions, PU Prime provides maximum retail leverage of up to 1000:1. This limit is higher than onshore divisions under ESMA or ASIC regulations, where leverage is capped at 30:1. Higher leverage increases both market exposure and risk per position.

At 1000:1 leverage, the required margin is 0.1%, meaning a small market movement against the position can deplete the allocated margin. Although PU Prime provides negative balance protection to prevent account deficits, standard risk management policies and stop-loss orders are necessary to protect deposited capital.

PU Prime Profile

Segregated Accounts

Islamic Accounts

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Variable spread

The profile section above displays the administrative and operating details for PU Prime Trading Pty Ltd. The broker restricts service to residents of several jurisdictions, including the United States, Cuba, and Iran. Verification via standard KYC documentation is required during the account opening process.

Promotions

PU Prime offers deposit-matching bonuses and transaction-based incentives depending on customer location. Available promotions include a 50% Deposit Bonus up to a maximum of $10,000, and a 100% Deposit Bonus capped at $1,000 on initial deposits. These promotional balances are credited as trading margin and cannot be withdrawn as cash.

Rebate Compatibility: Opting into standard deposit matching promotions usually disqualifies the account from earning independent CBFX cashback rebates on associated trades. Traders should verify the long-term benefit of spread rebates versus short-term bonus equity before registering.

The broker also offers educational incentives, such as a Webinar $50 Loss Protection Voucher for participants. This voucher is divided into ten $5 coupons that cover up to 50% of realised losses per trade, capped at $5 per transaction, and expires 30 days after distribution. Clients residing in India, Malaysia, and Nigeria are excluded from this offer. As of June 2026, the Max Cash Rebate and First Deposit Cashback promotions have been discontinued as the broker transitions to a new platform cashback system.

Summary

The combination of PU Prime and CBFX rebates provides a cost-effective trading setup, particularly on the Standard account tier where the net spread is significantly lowered. The structure supports automated expert advisors, scalping, and standard swing trading strategies. Accessing these conditions requires linking or mapping your PU Prime account through the CashbackForex registration links.