OspreyFX vs PU Prime

OspreyFX or PU Prime – which is better for UK traders 2024? Compare OspreyFX and PU Prime in this detailed breakdown of their platforms, features and fees.

OspreyFX vs PU Prime Comparison Table 2024
OspreyFX PU Prime
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3
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4.2
OspreyFX is ranked #53 among CFD brokers. PU Prime is ranked #61 among CFD brokers.
Review
Review
OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits. Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.
Pros
  • OspreyFX stands out with its funded account program, providing traders who can prove their skills with $200K and attractive profit splits, providing a fresh avenue to grow trading balances.
  • This broker’s execution model facilitates fast order executions with low latency and competitive, real-time pricing sourced from over 50 banks with spreads averaging 0.1 pips on EUR/USD.
  • OspreyFX offers an excellent selection of third-party platforms (MT4, MT5 and TradingView), especially compared to rival unregulated brokers, catering to day taders looking for advanced charting features and risk management tools.
  • Industry-recognized MT4 and MT5 platforms and mobile apps
  • Good range of assets with nearly 1000 instruments over six asset classes
  • Competitive fees with the Prime account spreads starting at 0.4 with a $7 commission
  • Safeguards clients with segregated funds and negative balance protection
  • PU Social app with copy trading capabilities
  • Demo account with virtual funds
  • Swap-free Islamic account
  • Multilingual customer service
Cons
  • Despite offering 24/7 support, we encountered multiple issues during testing, especially when trying to connect to an agent on chat to enquire about forex trading conditions.
  • OspreyFX may have a professional looking website but there’s no escaping the fact it’s based offshore in St Vincent and the Grenadines, providing weak investor safeguards with no negative balance protection.
  • The around 120+ tradable assets is woeful, with a reasonable selection of currency pairs but a terrible suite of EU and US shares especially that make this broker unsuitable for serious stock traders.
  • No tier 1 regulatory oversight
  • Relatively high $40 minimum withdrawal and handling fee for withdrawals under $100
  • Standard account spreads are mediocre
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, Cryptos, Indices, Stocks, Commodities Forex, Commodities, Cryptocurrencies, Stocks, Indices
Bonus
100% cashback up to $10,000
Demo Account
Yes Yes
Minimum Deposit
$10 $50
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA (Financial Services Authority of Seychelles), FSCA (Financial Sector Conduct Authority), SVGFSA (Financial Services Authority St Vincent & The Grenadines)
Mobile Apps
iOS & Android iOS & Android
Trading App

The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.
iOS App Rating
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Android App Rating
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2.2
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Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
PU Social enables clients to mirror the positions and strategies of expert traders. The app is available on iOS and Android devices and features a social investing network with thousands of traders.
Social Trading
No Yes
Trade Signals
None
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • HKD
  • SGD
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Platinum
  • Oil
  • Gold
  • Copper
  • Silver
  • Corn
  • Cocoa
  • Coffee
  • Cotton
  • Natural Gas
  • Orange Juice
  • Soybeans
  • Sugar
  • Wheat
CFD
OspreyFX offers leveraged CFDs on forex, commodities, stocks, cryptos and indices. Deep liquidity is available from 50+ providers with a competitive ECN account that will suit active trading strategies, including scalping. PU Prime offers CFD trading on hundreds of shares, as well as indices, commodities, bonds and cryptocurrencies. The leverage available varies by asset, and spreads also vary greatly between instruments and account types with the tightest near zero and the widest in the hundreds of pips. Stock, index, commodity and bond CFDs are traded on the leading MT4 platform.
Leverage
1:500 1:500
FTSE Spread
0.5 pts Not Available
GBPUSD Spread<
0.8 pips From 0.5 pips
Oil Spread
0.09 pips From 1.6 pips
Stocks Spread
0.4 pips Variable
Forex
OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad for fresh insights. PU Prime clients can trade 40+ forex pairs via the MT4 and MT5 platforms with dynamic leverage up to 1:500. Spreads start from near zero on Prime accounts, which also charge a $7 commission per lot, and a zero-commission Standard account with wider spreads is also available.
Assets
55+ 800+
GBPUSD Spread
0.8 From 0.5 pips
EURUSD Spread
0.5 From 0.2 pips
EURGBP Spread
0.8 From 0.4 pips
Currency Indices
  • USD
Cryptocurrency
OspreyFX offers a decent selection of crypto coins paired with USD, including Bitcoin. 1:10 leverage is available with starting deposits from just $10 and support for Expert Advisors (EAs). Pacific Union offers leveraged cryptocurrency trading against the US Dollar. Spreads are tight and updated in real-time. Traders can analyze crypto markets using powerful trading software.
Spread
Variable From 0.7 pips
Coins
  • BTC
  • DASH
  • EDO
  • EOS
  • ETH
  • IOTA
  • LTC
  • NEO
  • OMG
  • SAN
  • XMR
  • XRP
  • ZEC
  • DOGE
  • SHIB
  • ADA
  • SOL
  • DOT
  • AVA
  • XLM
  • TRON
  • ETC
  • BNB
  • BCH
  • BAT
  • BTC
  • BCH
  • ETH
  • LTC
  • EOS
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
OspreyFX PU Prime
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