PU Prime: company reviews in 2022.
**PU Prime: actual reviews about the company’s work in 2022**
PU Prime claims that cooperation with it is much more than just trading. The company takes pride in its highest level of customer support, diverse opportunities for active and passive earnings, as well as powerful trading software. However, upon closer examination of real customer reviews, it becomes clear that all the broker’s promises turn out to be unsubstantiated. In this review, we will reveal why dealing with this financial intermediary is not worth your time and what signs indicate that PU Prime is not the best choice.
Main aspects of PU Prime
PU Prime’s website states that the company started its operations in 2015 and is one of the leaders in customer-oriented services and quality service. The platform presents the following statistics:
- 19 offices worldwide,
- over 200 employees,
- multilingual support (18 languages),
- coverage in more than 120 countries,
- 200,000 clients,
- over 12 billion transactions daily.
Former clients’ reviews note that this company’s words cannot be trusted as it tends to deceive. And that’s indeed the case. Checking the domain history reveals that the puprime.net site was created only in November 2020, not in 2015 as claimed.
However, an interesting detail was found. PU Prime’s website features social media widgets, including Facebook. One of the pages lists the company’s official website as puprime.com. This site is identical to puprime.net. It’s worth noting that this is a common tactic used by financial scammers seeking to avoid regulators’ blocks.
The phone number and email are fake, so contacting support through them will be unsuccessful. Scammers will only stay in touch as long as you are of interest to them.
Legality of operations
PU Prime’s parent company is Pacific Union LLC, registered in offshore (Saint Vincent and the Grenadines). Following this company are numerous negative reviews due to its failure to fulfill its obligations. This is understandable since being registered in an island state does not grant legal authority to provide brokerage services. A license is required for this.
In Saint Vincent and the Grenadines, obtaining a license is almost impossible. The local regulator only registers financial companies as legal entities but does not issue licenses. This information can be found on the official website svgfsa.com.
Furthermore, the address listed on PU Prime’s website has long been known. It is used by many financial scammers who claim to be registered in Saint Vincent and the Grenadines.
Given the increasing number of negative reviews about PU Prime online, it can be stated that this company actively promotes its services in the CIS countries without having a license in Russia, Kazakhstan, or Belarus. Moreover, the Central Bank of Russia has already blacklisted PU Prime (although only puprime.com is currently listed).
What PU Prime offers potential clients
PU Prime promises comfortable and secure trading with over 200 assets: currencies, stock indices, commodities, stocks, and digital currencies. To attract newcomers, a demo account is used with the opportunity to receive up to $100,000 in virtual dollars.
According to reviews, many fell victim to financial scammers – after testing the demo account, they were convinced to invest real funds.
The main trading conditions on PU Prime include:
- minimum deposit from $20 to $1,000,
- opportunities for social trading (copy service),
- use of trading platforms MT4, MT5, WebTrader, and the PU Prime mobile app,
- minimum position volume – 0.01 lot,
- no spreads and commissions,
- protection against negative balance,
- provision of daily market analysis,
- availability of an economic calendar and an autochartist.
Based on reviews, financial discipline on this fraudulent platform is absent. The company only withdraws funds from clients’ wallets, without intending to even return their own savings.
Reviews about PU Prime
Finding reviews about PU Prime was not difficult, as many people have encountered problems when dealing with this company. Users are trying to warn others about potential dangers.
Fraud scheme
PU Prime attracts newcomers with its professionalism and impressive statistics. Initially, they conduct successful trades to encourage clients to make new investments. Then scammers wait until a large sum accumulates in the account, then claim a technical glitch occurred and reset the account. After that, they state that they are not responsible for the platform’s stability and refuse to compensate for losses.
But that’s not all. Scammers may contact clients from fake numbers and offer assistance in recovering funds through chargeback. They are interested in receiving a prepayment in the form of a large percentage of the stolen amount. They take the money and disappear.
Conclusion
PU Prime is another offshore company with a fake address and no legal basis for its operations. There are no guarantees of even the initial deposit return. Unfortunately, the regulator is unable to protect you from fraud as it is powerless against such companies. The Central Bank of Russia has taken precautionary measures, warning of the danger and adding the company to the blacklist.