According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $500
- MT4
- MT5
- CySEC
- VFSC
- 2022
Our Evaluation of PRCBroker
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
PRCBroker is a moderate-risk broker with the TU Overall Score of 5.47 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by PRCBroker clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
PRCBroker’s mission is to furnish favorable conditions for both active traders and market participants with an inclination toward passive income in the financial markets. However, this brokerage is better suited for experienced traders and professionals who can meet the stringent initial deposit requirements, as it may not be the ideal choice for beginners.
Brief Look at PRCBroker
PRCBroker boasts a wealth of experience exceeding two decades within the financial markets, with a primary focus on the Forex market. Their services are accessible to traders across a variety of regions, with limited restrictions on countries. Thanks to an extensive network of offices, traders hailing from the EU, Asia, Oceania, Africa, and South America can engage in trading activities through PRCBroker. This brokerage provides access to Forex, indices, commodities, and precious metals markets via the MetaTrader platform, eliminating the necessity to route trades through global stock exchanges.
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- Diverse selection of account types including Standard, ECN, swap free, MAM, and demo;
- Licensed by the Cyprus CySEC commission;
- Member ICF compensation fund, which covers up to 20,000 euros per client;
- MetaTrader 4/5 trading platforms;
- 24/7 technical support services in English;
- Passive income solutions;
- No withdrawal or deposit fees.
- A relatively high minimum deposit requirement across all account types, with $500 for Standard and a substantial $50,000 for ECN. Additionally, cent accounts are not available;
- Comparatively higher spreads when juxtaposed with offerings from its competitors;
- Lack of ongoing bonus programs, partner initiatives for retail clients, educational resources, and professional analysis.
TU Expert Advice
Author, Financial Expert at Traders Union
PRCBroker provides access to a range of trading instruments, including Forex, indices, commodities, and precious metals, via MetaTrader 4 and 5 platforms. The company offers two account types with minimum deposits of $500 and $50,000. Furthermore, PRCBroker features leverage up to 1:100, support for algorithmic trading, and round-the-clock technical assistance in English, enhancing its appeal to experienced traders.
However, PRCBroker presents some drawbacks, including a relatively high minimum deposit requirement, a limited range of tradable assets, and the absence of cent accounts and comprehensive educational resources. These factors can restrict the broker's suitability, particularly for novice traders or those seeking lower entry barriers. Consequently, PRCBroker is more appropriate for experienced traders who prioritize platform capabilities and can manage the deposit requirement.
PRCBroker Trading Conditions
| 💻 Trading platform: | MT4, MT5 |
|---|---|
| 📊 Accounts: | Demo MT4, Demo MT5, Standard, ECN, Kings Mam (proprietary MAM), swap free |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, credit/debit cards, cryptocurrency transactions, Moneybookers, Liberty Reserve, local payment systems |
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0,01 |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 Instruments: | Currency pairs, CFDs on indices, metals, oil |
| 💹 Margin Call / Stop Out: | Yes/70% |
| 🏛 Liquidity provider: | Institutional liquidity from leading global banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market and Instant executions |
| ⭐ Trading features: | Scalping and hedging allowed |
| 🎁 Contests and bonuses: | No |
PRCBroker clients have the opportunity to make profits from currency pairs and CFD price movements. To enhance efficiency and trading capacity, this broker provides trading leverage ranging from 1:50 to 1:100, depending on the account type. Trading can commence with a minimum of $500 for a Standard account or $50,000 for an ECN account. Upon the trader's request, this company can convert any trading account into an Islamic account and subsequently back to a swap-free account without specifying the reason for canceling the swap-free option.
PRCBroker Key Parameters Evaluation
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Trading Account Opening
PRCBroker’s user account is only accessible to its active clients. The process of creating an account on this company's website is as follows:
To open the registration form, click on "Customer Service," and then select "Open Trading Account." Links for opening a standard account will appear on the screen. To obtain a registration form for an ECN or MAM account, you need to contact technical support.
In the user account opening form, provide personal information, and enter your email address and phone number. Also, enter your passport/ID card number and taxpayer identification number. Then, you should upload screenshots of your bank card and the aforementioned documents. Additionally, it is mandatory to attach a photo of a utility bill (not older than 6 months) or a bank statement (not older than 3 months). Specify the source of funds, such as a payment receipt, property rental agreement, tax declaration, etc.
In this broker's user account, the following functions are available:
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Displays of transaction history;
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Deposit funds into the trading account and withdrawing funds;
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Select and download a trading platform;
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Contact this broker's customer support;
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Access to the "Trading Products" section with educational and analytical materials.
Regulation and safety
PRCBroker has a safety score of 8.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
PRCBroker Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 VFSC |
Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
PRCBroker Security Factors
| Foundation date | 2022 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker PRCBroker have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of PRCBroker with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, PRCBroker’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
PRCBroker Standard spreads
| PRCBroker | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,8 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
PRCBroker RAW/ECN spreads
| PRCBroker | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,00 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,15 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with PRCBroker. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
PRCBroker Non-Trading Fees
| PRCBroker | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
PRCBroker provides traders with the flexibility to select their preferred trading model. Traders can access both STP and ECN accounts. Cent accounts are not offered by this broker. To initiate trading on the chosen account type, it's necessary to deposit the specified minimum amount. It's important to uphold a sufficient level of free margin for leveraged transactions.
Accounts types:
You can open a virtual demo account on both the MT4 and MT5 platforms.
PRCBroker is a regulated STP and ECN broker that provides comfortable trading conditions for experienced traders worldwide, ensuring the safety of their funds.
Deposit and withdrawal
PRCBroker received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
PRCBroker provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- BTC available as a base account currency
- USDT (Tether) supported
- Bank card deposits and withdrawals
- Bank wire transfers available
- Wise not supported
- Only major base currencies available
- PayPal not supported
What are PRCBroker deposit and withdrawal options?
PRCBroker provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
PRCBroker Deposit and Withdrawal Methods vs Competitors
| PRCBroker | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are PRCBroker base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. PRCBroker supports the following base account currencies:
What are PRCBroker's minimum deposit and withdrawal amounts?
The minimum deposit on PRCBroker is $500, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact PRCBroker’s support team.
Markets and tradable assets
PRCBroker offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 30 Forex pairs.
- Copy trading platform
- Indices trading
- Crypto trading not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by PRCBroker with its competitors, making it easier for you to find the perfect fit.
| PRCBroker | Plus500 | Pepperstone | |
| Currency pairs | 30 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | No | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products PRCBroker offers for beginner traders and investors who prefer not to engage in active trading.
| PRCBroker | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Online chat is available 24 hours a day on weekdays. Phone support in English operates from 9:00 to 17:00 (GMT+11).
Advantages
- Online chat operators use translators, so you can ask questions in many language
- Support on the website is available around the clock from Monday to Friday
Disadvantages
- The website lacks a feedback form
- On weekends, you can only ask questions via email
This broker provides service to traders through the following methods:
Phone (the number is provided in the contact section);
Online chat on the website;
Email.
Chinese language support is also available on Skype and the instant messaging app QQ.
Contacts
| Foundation date | 2022 |
|---|---|
| Registration address | Performance Ronnaru Company Ltd (Cyprus), 7B, Andrea Papakosta Street, Palouriotissa, 1037 Nicosia, Cyprus. |
| Regulation | CySEC, VFSC |
| Official site | https://www.prcmarkets.com/ |
| Contacts |
+357-22-250328
|
Education
Educational materials such as videos, articles, and slides are not available on the PRCBroker website. In the "Trading Products" section, there is introductory information about Forex and the CFD market.
Acquiring practical trading skills is a crucial step in preparing for a career in professional trading. To serve this purpose, a demo account is made available.
Comparison of PRCBroker with other Brokers
| PRCBroker | Bybit | Eightcap | XM Group | Exness | LiteFinance | |
| Trading platform |
MT4, MT5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, MultiTerminal, Sirix Webtrader |
| Min deposit | $500 | No | $100 | $5 | $10 | $10 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | 7.00% |
| Spread | From 1 point | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.5 points |
| Level of margin call / stop out |
No / 70% | No / 50% | 80% / 50% | 100% / 50% | 60% / No | 50% / 20% |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | Yes |
Detailed review of PRCBroker
The PRCBroker Group comprises four companies that extend brokerage services to both retail and institutional clients across the globe. All these entities strictly adhere to the laws and regulations of their respective jurisdictions, ensuring the security of client funds. PRCBroker facilitates direct access to institutional-grade liquidity from renowned global banks. Their professional support team stands ready to provide round-the-clock, multilingual online assistance to clients.
PRCBroker by the numbers:
4 offices globally;
Over 20 years of experience as a Forex broker;
Over 70 trading instruments.
PRCBroker is a firm for trading with leverage using one's own funds
It offers the opportunity to trade 51 currency pairs, 13 stock indices, precious metals, and two types of oil (XTI and UKO). However, there is a limitation for ECN accounts because index trading is not available on them. Clients must adhere to margin requirements. If this does not happen, this company has the right to partially or completely close open positions. The required margin level is calculated every Friday at 21:00 according to the trading server time or before a market holiday. The margin level for capital of $250,000-$500,000 is 50%, and less than $250,000 is 100%; however, more than $500,000 has no requirements. Margin Call and Stop Out are set at 70%.
PRCBroker provides classic MetaTrader 4 and MetaTrader 5 platforms for trading. Via these platforms, you can open both user and demo accounts, connect EAs for algorithmic trading, and use built-in technical analysis tools. PRCBroker offers versions for both mobile and desktop devices.
Useful functions of PRCBroker:
Economic calendar. This broker's website broadcasts data from the MQL5 website. Important economic events are published in real time and can be sorted by importance, period, country, or currency;
API Interface. Access to it is provided for partners who need to connect to the MT4 server for professional activities;
VPS. Virtual server services are primarily designed for traders engaged in automated trading. VPS also ensures the fastest processing of trades.
Advantages:
This broker allows many strategies, including scalping, hedging, trade automation, and algorithmic trading;
The minimum trading volume is 0.01, allowing participants to enter the global Forex market even without significant funds;
PRCBroker offers trading in stock indices, which are safer than individual stocks, as a financial instrument;
Company clients have access to various methods for depositing and withdrawing funds, including fiat currencies and cryptocurrencies;
Spreads on ECN start from 0.1 pips, allowing advanced traders to trade with minimal commissions;
PRCBroker opens access to margin trading in the Forex and CFD markets, provides comprehensive support for clients and partners, and delivers the best quotes from global providers.
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