Bullwaves vs PU Prime

Bullwaves or PU Prime – which is better for UK traders 2025? Compare Bullwaves and PU Prime in this detailed breakdown of their platforms, features and fees.

Bullwaves vs PU Prime Comparison Table 2025
Bullwaves PU Prime
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3.9
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4.2
Bullwaves is ranked #19 among CFD brokers. PU Prime is ranked #52 among CFD brokers.
Founded in 2024 and based in the Seychelles, Bullwaves is a broker exclusively using MetaTrader. It provides access to over 250 assets, encompassing forex, metals, indices, stocks, and ETFs. Traders have a choice of three account types: Classic, VIP, and Elite, tailored to suit varying levels of experience and financial capacity. Pacific Union Prime, regulated by the FSCA and offshore authorities, is a multi-asset broker providing competitive fees and direct market access. It offers trading in forex, commodities, stocks, bonds, and indices. Traders can utilise the widely-used MetaTrader 4 and MetaTrader 5, as well as a bespoke mobile app. Fees differ by account type: the Standard account has no commission, with spreads starting from 1.9 pips, while the Prime account charges $7 commission per lot with spreads from 0.4 pips.
Pros
  • Registering on the Bullwaves website and creating an account is straightforward and quick, typically completed in just a few minutes according to trials.
  • Bullwaves has enhanced its portfolio by adding international equities, soft commodities, and ETFs. The range of FX assets has increased threefold.
  • MT5 is now supported as MT4 is no longer available, offering traders a top-notch charting platform with superb backtesting features.
  • Bullwaves introduces copy trading, enabling users to mimic traders' strategies with access to over 900 options. Benefit from tight spreads starting at just 0.01 pips.
  • USDT transactions are supported alongside standard bank cards, bank transfers, and e-wallets.
  • All three accounts provide trading without commission fees, allowing users to trade without additional costs other than the spread.
  • Industry-acclaimed MT4 and MT5 platforms, along with their mobile applications.
  • A strong selection of nearly 1,000 instruments spans six asset classes.
  • The Prime account offers competitive fees, featuring spreads as low as 0.4 and a £7 commission.
  • Safeguards clients by keeping their funds separate and ensuring they cannot go into debt.
  • PU Social app with features for trading emulation.
  • Practice account with simulated capital.
  • Swap-free Islamic account
  • Multilingual customer service
Cons
  • Bullwaves operates outside of regulation in key markets. It holds a licence with the FSA, a 'red tier' regulator, indicating a lack of oversight from respected authorities to enforce robust financial standards.
  • Customer support was dismal during our assessment. Contrary to their advertisement, there was no 24/7 chat service, and our email inquiries went unanswered.
  • Bullwaves lacks educational and research resources, diminishing its attractiveness to novice traders, particularly when compared to leading firms like IG.
  • Despite being a recent entry, the Bullwaves website features numerous non-functional links and placeholder text, undermining trust.
  • A zero-spread trading account is unavailable, which may hinder experienced traders seeking to profit from minor price fluctuations.
  • No primary regulatory supervision.
  • For withdrawals below $100, there's a relatively steep minimum charge of $40 including a handling fee.
  • Standard account spreads are average.
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Commodities, Stocks, Indices, ETFs Forex, Commodities, Cryptocurrencies, Stocks, Indices
Bonus
100% cashback up to $10,000
Demo Account
Yes Yes
Minimum Deposit
$250 $50
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA ASIC (Australian Securities and Investments Commission), 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
Bullwaves licenses the MT5 platform for iOS and Android. Although MetaTrader attracts seasoned traders, beginners may find the absence of a proprietary app disadvantageous, as specific apps typically offer simpler interfaces and a more gradual learning curve.
iOS App Rating
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4.8
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4.7
Android App Rating
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4.6
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3.5
Margin Trading
Yes Yes
MetaTrader 4
No 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
No Yes
ECN Account
No 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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Bullwaves introduces copy trading, allowing users to replicate trades from leading strategy providers. With access to over 900 strategies and competitive spreads starting at just 0.01 pips, traders can easily leverage expert insights. PU Social allows clients to replicate the strategies and positions of professional traders. The app, accessible on both iOS and Android platforms, features a social trading network with thousands of traders.
Social Trading
Yes Yes
Trade Signals
None
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • HKD
  • SGD
Commodities
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Corn
  • Cocoa
  • Oil
  • Gold
  • Copper
  • Silver
  • Corn
  • Cocoa
  • Coffee
  • Cotton
  • Natural Gas
  • Orange Juice
  • Soybeans
  • Sugar
  • Wheat
CFD
Bullwaves provides CFDs with leverage up to 1:500, enabling traders to capitalise on short-term price fluctuations. The range of CFDs, however, is somewhat restricted, encompassing 100 currency pairs, six indices, and two metals. While cryptocurrencies are absent, stocks and soft commodities are available. PU Prime provides CFD trading across a wide range of shares, indices, commodities, bonds, and cryptocurrencies. Leverage options differ depending on the asset, while spreads can range from nearly zero to several hundred pips, varying by instrument and account type. Trading for stocks, indices, commodities, and bonds takes place on the renowned MT4 platform.
Leverage
1:500 1:500
FTSE Spread
Variable Not Available
GBPUSD Spread<
Variable From 0.5 pips
Oil Spread
Variable From 1.6 pips
Stocks Spread
Variable Variable
Forex
Bullwaves has enhanced its forex services, now offering over 100 major, minor, and exotic currency pairs through the advanced MetaTrader 5 platform. This platform features an impressive charting suite and backtesting tools. PU Prime offers trading on over 40 forex pairs using the MT4 and MT5 platforms, with flexible leverage reaching up to 1:500. Prime accounts feature spreads starting close to zero, accompanied by a $7 commission per lot. Alternatively, traders can opt for a Standard account, which has no commission but offers wider spreads.
Assets
100+ 800+
GBPUSD Spread
Variable From 0.5 pips
EURUSD Spread
Variable From 0.2 pips
EURGBP Spread
Variable From 0.4 pips
Cryptocurrency
Pacific Union provides leveraged trading on cryptocurrencies against the US Dollar with competitive, real-time spreads. Traders have the advantage of utilising advanced software to examine crypto markets.
Spread
From 0.7 pips
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • EOS
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Bullwaves PU Prime
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