Worked example
Practising on PU Prime's numbers
This is an exercise sheet, not a review. We are going to take three things that PU Prime publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
PU Prime does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. PU Prime offers 3 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- StandardThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
- PrimeA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
- ECNA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
Account names as published: Standard, Prime, ECN. Platforms listed: MT4, MT5, PU Prime App, PU Web Trader.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are PU Prime's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| FSA Seychelles · Seychelles | PU Prime Limited (reg. 8426654-1) | SD050 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| FSC Mauritius · Mauritius | PU Prime Ltd | GB23202672 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| FSCA · South Africa | PU Prime (Pty) Ltd | FSP 52218 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here. 2 lines are offshore registrations; treat those as a company address rather than as supervision.
The record behind these numbers
- 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.
- The group holds no tier-1 or EU regulatory authorisation according to its own published disclosures.
- 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.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: 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. Confidence in this file overall: medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
PipMentor does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.