PuPrime aka Pacific Union Broker Review

PuPrime aka Pacific Union Broker Review – Facts About PuPrime.com Trading Scam

We must say; that the PuPrime broker seems fantastic at first glance. There is everything you could want – Demo accounts, low initial deposits, and a wide variety of trading platforms. Despite this, when you start digging deeper into the truth, you start seeing red flags.

Please find out more about PuPrime by reading our honest review. Also, we invite you to read our reviews of Trade1960, AflPlanning, and NorthProfit scam brokers. Their investment offers seem too good to be true to those who do not know better!

1. The broker is an offshore broker.
2. Licensed by: FSA Seychelles
3. The scammer’s website is: www.puprime.com.
4. Operational Status: Active Forex Trading Scam
5. Scam listed by AMF / CONSOB
6. Owner of the broker: Pacific Union Limited
7. Seychelles is the headquarters country.
8. The foundation year is 2020
9. Trade online with MT4 / MT5 / WebTrader
10. Mobile Trading is available.
11. The minimum deposit is $20
12. A 20% deposit bonus is available.
13. Trading BTC, ETH, and BCH in crypto assets
14. CFD Trading Option: Yes, CFDs are available
15. The following trading instruments are available: Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
16. Leverage maximum: 1:500
17. An Islamic account is available.
18. You can get a free demo account here: Yes.
19. US traders are not accepted: This broker does not accept US clients.
20. Experts’ Verdict: Don’t Invest in This Scam Broker!

Is PuPrime Regulated? – Why Does It Matter?

As an example, let’s say this. It’s essential to comply with regulations because if you lose money due to fraud, you can’t get it back. There are now different types of licenses and various groups of regulators.

The FCA, ASIC, and BaFin are the firmest, with the highest level of supervision and requirements. Clients’ money must be kept in segregated accounts, and brokers must form a compensation fund of 730,000 euros.

What’s Wrong With A Trading License?

Because Prime Union Limited of Seychelles owns PuPrime, their license is issued by the FSA of this offshore country. Since there is no firm regulatory body, it only needs $50,000 in capital and a domestic office.

The broker can easily use your money since there are no demands on your money.

Finzero Cap Ltd is a payment provider, not a member of CySEC, which is why there is no connection between PuPrime regulation and CySEC. Think you’re dealing with a legitimate company before you get confused.

We want to point out that AroTrade, AGKapital, and BitcoinRobotFX are all fraudulent brokerage firms.

Regulatory Warning Against PuPrime Fraud

Regulatory warnings indicate that PuPrime, a.k.a. The Pacific Union, is not regulated. In response to numerous complaints about PuPrime, the French AMF added this illicit brokerage to its blacklist. The Italian regulator CONSOB later published a reprint of the warning.

Warning Issued by AMF – Evidence of Fraud

Forex brokers that provide unregulated investment services have been added to the AMF’s list with the addition of puprime.com.

Clients shouldn’t accept offers from Pacific Union brokers since the website doesn’t have the authorization to operate in France.

Where Is Online Broker PuPrime Active?

The broker operates in Italy and France, as you can tell from our warnings. Some comments have been left from Belgium and Canada, so we can conclude that it is also active in those countries.

The broker’s disclaimer, however, states that they do not provide services in several countries, including France, which indicates that they are breaking their own rules. You can imagine what they have done with your money.

Do You Have Problems With the PuPrime Broker?

Take the case of PuPrime scam. We offer a free consultation with our chargeback specialist via online chat. You may be dealing with an offshore broker, but that does not mean you cannot track or retrieve your funds.

Never give your hard-earned money to a fraudulent firm. Do not let this happen to you! Make sure you contact us right away if you want a refund!