Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs PU Prime, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone, founded in 2010, is not publicly traded and is not a bank. It holds 3 Tier-1 licenses and 2 Tier-2 licenses, giving it a ForexBrokers.com Trust Score of 94 out of 99, which places it in the highly trusted range. By comparison, PU Prime was founded in 2015, is also privately held and not a bank, and holds 1 Tier-1 license and 2 Tier-2 licenses.
PU Prime’s ForexBrokers.com Trust Score is 79 out of 99, which falls into the average risk category. In simple terms, both brokers are private companies, but Pepperstone has the stronger regulatory profile and higher trust rating, while PU Prime has fewer top-tier licenses and a lower overall score.
| Feature |
Pepperstone
|
PU Prime
|
|---|---|---|
| Year Founded | 2010 | 2015 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone comes out ahead in commissions and fees thanks to its low-cost Razor account, especially for active traders. The Razor account uses commission-based pricing, and Pepperstone listed an average EUR/USD spread of 0.10 pips in July 2024, with an all-in cost of about 0.80 pips after commission. Its Standard account is simpler and commission-free, but it is pricier overall, with an average EUR/USD spread of 1.1 pips. Pepperstone also offers an Active Trader program that can lower costs further for higher-volume clients. Pepperstone is rated 5 stars and ranked #5 out of 36 brokers for commissions and fees.
PU Prime gives traders more account choices, but its costs vary more by plan. The Standard and Cent accounts keep pricing simple by building costs into the spread, with no separate commission, while the Prime and ECN accounts offer tighter starting spreads from 0.0 pips plus a commission per trade. The Prime account charges $3.50 per side per standard lot, while the ECN account has a much lower $1 per side commission, though it requires a larger minimum deposit. PU Prime is rated 4.0 stars and ranked #22 out of 36 brokers for commissions and fees.
For most cost-conscious traders, Pepperstone is the stronger choice overall, especially if you trade often enough to benefit from its Razor pricing or Active Trader rebates. PU Prime may appeal to traders who want different account formats, including a low-deposit Standard or Cent account, but its best pricing is more dependent on account type and deposit size. In a direct comparison of commissions and fees, Pepperstone generally offers the better value.
| Feature |
Pepperstone
|
PU Prime
|
|---|---|---|
| Minimum Deposit | $10 | $50.00 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.9 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and PU Prime both give traders access to forex as CFDs or spot contracts, and both also offer copy trading and cryptocurrency CFDs. However, Pepperstone has the wider overall selection of markets, with 2,631 tradable symbols compared with 1,000 at PU Prime. Pepperstone also lists more forex pairs, offering 65 versus 55 at PU Prime, which may appeal to traders looking for more currency choice.
For people who want crypto exposure, Pepperstone has an edge because it lets clients buy actual cryptocurrency as well as crypto CFDs, while PU Prime only offers crypto CFDs. Neither broker provides exchange-traded securities on U.S. or international stock exchanges. In independent reviews, both are rated 4 stars for range of investments, but Pepperstone places higher at #23 out of 36 brokers, compared with PU Prime at #29 out of 36.
| Feature |
Pepperstone
|
PU Prime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 1000 |
| Forex Pairs (Total) | 65 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone and PU Prime both give traders a wide range of platform choices, including free demo accounts, web trading, Windows desktop downloads, copy trading, and access to MetaTrader 4 and MetaTrader 5. Both brokers also let users trade directly from charts, which can make order entry quicker and easier. For trading platforms and tools, each broker is rated 4 stars, showing that both offer a solid experience for everyday trading needs.
The main difference is that Pepperstone offers its own in-house platform, while PU Prime does not. That can matter for traders who want a broker-built option alongside the more familiar third-party platforms. In ForexBrokers.com’s Trading Platforms and Tools ranking, Pepperstone places higher at #21 out of 36 brokers, compared with PU Prime at #25, suggesting Pepperstone has a slight edge in this category.
| Feature |
Pepperstone
|
PU Prime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 90 | 87 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and PU Prime both offer mobile trading apps for iPhone and Android, along with price alerts, trendline drawing, and automatic saving for chart drawings. In terms of overall user ratings, both brokers score well for mobile trading apps, with Pepperstone rated 4 stars and PU Prime rated 4.0 stars.
The main difference is in app features and ranking. Pepperstone stands out with watchlist symbol syncing, so changes made in the mobile app and online account stay aligned, while PU Prime does not offer this. Pepperstone also gives traders more charting tools, with 30 technical studies compared with PU Prime’s 14. That stronger feature set likely helps Pepperstone place higher in the mobile trading apps category, where it ranks #19 out of 36 brokers, versus PU Prime at #27.
| Feature |
Pepperstone
|
PU Prime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 14 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and PU Prime both provide daily market commentary and an economic calendar, so traders can keep up with key news events and market updates. Both brokers also make research easy to follow for everyday users, but Pepperstone stands out with forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus a sentiment tool that shows how traders are positioned across pairs and other instruments.
PU Prime, on the other hand, offers more built-in analysis tools from Autochartist and Trading Central, which may appeal to traders looking for chart-based ideas and signals. Still, Pepperstone scores higher for research overall, with a 4.5-star rating and a #13 ranking out of 36 brokers from ForexBrokers.com, compared with PU Prime’s 3.5-star rating and no listed ranking in that category.
| Feature |
Pepperstone
|
PU Prime
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and PU Prime both give beginners a wide range of learning tools, including forex and CFD education, regular client webinars, and plenty of videos for both new and more experienced traders. Each broker offers at least 10 beginner videos and at least 10 advanced videos, so either one can help traders build skills at different stages. That said, Pepperstone stands out more clearly in this area, with a 4.5-star Education rating and a #15 ranking out of 36 brokers from ForexBrokers.com.
PU Prime also provides solid educational support, but its overall education score is lower, at 3.5 stars, and it ranks #29 out of 36. For beginners looking for the stronger learning experience, Pepperstone appears to offer the better mix of quality and depth, while PU Prime still covers the basics and beyond for traders who want access to steady educational content.
| Feature |
Pepperstone
|
PU Prime
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than PU Prime. Pepperstone finished with an overall rank of #17, while PU Prime finished with an overall rank of #34.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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PU Prime
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| Overall Rating |
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| Trust Score | 94 | 79 |
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Pepperstone and PU Prime both offer cryptocurrency CFDs, but only Pepperstone also lets traders buy actual delivered cryptocurrency, while PU Prime does not provide direct crypto ownership.
Pepperstone and PU Prime both support ACH or SEPA transfers, Skrill, and bank wires for deposits and withdrawals, but Pepperstone has the edge by also offering PayPal, while Visa and Mastercard availability is not specified for either broker.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | PU Prime | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | PU Prime Review |
| Broker Screenshots | Pepperstone | PU Prime | |
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| Regulation | Pepperstone | PU Prime | |
|---|---|---|---|
| Trust Score | 94 | 79 | |
| Year Founded | 2010 | 2015 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | PU Prime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | PU Prime | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Pepperstone | PU Prime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2631 | 1000 | |
| Forex Pairs (Total) | 65 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Pepperstone | PU Prime | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.9 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | Yes |
| Funding | Pepperstone | PU Prime | |
|---|---|---|---|
| Minimum Deposit | $10 | $50.00 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | Pepperstone | PU Prime | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | PU Prime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 90 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | PU Prime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 14 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | PU Prime | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | PU Prime | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | PU Prime | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | PU Prime Review |
| Overall | Pepperstone | PU Prime | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | PU Prime Review |
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