Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
PRCBroker Pros & Cons
- 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.
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.
TU Expert Verdict
PRCBroker demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
PRCBroker User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of PRCBroker have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 0.2 0.1 0.7 EUR/USD max, pips 0.6 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.9 GPB/USD max, pips 0.8 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.00 3.5 5 EUR/USD avg spread 0.10 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is PRCBroker Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.2 /10PRCBroker 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 Full Name Vanuatu Financial Services Commission Country of regulation Vanuatu Investor Protection Fund No specific fund Regulation Level Tier-3 CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 PRCBroker Security Factors Foundation date 2022 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.2 /10PRCBroker offers the following account options: Standard, ECN/Raw spread, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Tight spread ECN account
- Exclusive VIP account with enhanced trading conditions
- No Swap Free account
- No Demo account
PRCBroker account types vs top competitors PRCBroker Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo NoYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP YesNoNoManaged NoNoNoPRCBroker accounts trading conditions
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:
Account Type Description Standard This account is suitable for both novice and experienced financial instrument traders. The minimum deposit amount is $500, with a maximum leverage of 1:100. Spreads start from 1 pips; ECN These accounts are designed for professionals in over-the-counter asset trading. Leverage can go up to 1:50, and spreads are variable, starting from 0.1 pips. The minimum deposit requirement is $50,000. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10PRCBroker 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.
- No withdrawal fee
- Minimum deposit below industry average
- USDT (Tether) supported
- Bitcoin (BTC) accepted
- BTC not available as a base account currency
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
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 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC YesNoYesWhat are PRCBroker base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. PRCBroker supports the following base account currencies: USD.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria2.5 /10PRCBroker 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
- No ETFs
- Bonds not available
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 OANDA Currency pairs 30 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 129 Stocks NoYesYesCommodity futures NoYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products PRCBroker offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at PRCBroker by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with PRCBroker in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at PRCBroker is $500. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
PRCBroker account opening PRCBroker Plus500 OANDA Online Registration YesYesYesMinimum deposit $500 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 7 10 KYC time (days) 1 3 3 Is PRCBroker available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Displays of transaction history;
- Deposit funds into the trading account and withdrawing funds;
- Select and download a trading platform;
- Contact this broker's customer support;
- Access to the "Trading Products" section with educational and analytical materials.
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Customer Support
Score:We evaluated Customer Support at PRCBroker by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10Customer support at PRCBroker is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. PRCBroker provides basic support functionality but does not stand out in overall service performance.
InformationOnline chat is available 24 hours a day on weekdays. Phone support in English operates from 9:00 to 17:00 (GMT+11).
- 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
- 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 support@prcbroker.com compliance@prcbroker.com +357-22-250328
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FAQs
How competitive are PRCBroker’s forex trading commissions and non-trading fees?
PRCBroker is assessed as having low overall fees, with a fees safety score of 8/10. Standard account spreads on major pairs like EUR/USD typically range from 0.2 to 0.6 pips, while ECN accounts have average spreads from 0.10 pips on EUR/USD plus a $3.00 commission per lot. According to the review, there are no inactivity, deposit, or withdrawal fees specified for PRCBroker.
What types of trading accounts does PRCBroker provide and how do their conditions differ?
PRCBroker offers Standard, ECN/Raw spread, and VIP accounts, but does not provide Cent, Micro, Swap Free, or managed accounts. The Standard account has a $500 minimum deposit, leverage up to 1:100, and spreads from 1 pip, while the ECN account requires a $50,000 minimum deposit, offers leverage up to 1:50, and variable spreads starting from 0.1 pips. The broker also supports virtual demo accounts on MT4 and MT5, although the account-type comparison table in this section lists “Demo: No,” indicating some inconsistency in the review.
What do user reviews and feedback indicate about PRCBroker’s overall client satisfaction?
PRCBroker has a user satisfaction score of 7/10 based on 2 reviews, with 50% of ratings at 4 stars and 50% at 3 stars. This distribution suggests a mixed but moderately positive experience, without any 5-star or very low ratings reported. Based on available user reviews, overall impressions are neither strongly favorable nor strongly negative.
Which markets and tradable assets are available with PRCBroker according to the review?
The review states that PRCBroker offers a limited asset selection, with 30 currency pairs and access to stock indices, but no stocks, commodity futures, crypto, options, bonds, or ETFs. It also notes that copy trading is available, while PAMM investing and managed accounts are not supported. The total number of assets is described as 0 in the text, which appears inconsistent with the listed 30 Forex pairs.
How is PRCBroker’s customer support described in user-oriented feedback and testing?
Customer support at PRCBroker is rated with a safety score of 5/10 and is described as providing basic service, with response speed and quality varying by request. Online chat is available 24/5, phone support in English operates from 9:00 to 17:00 (GMT+11), and additional contact options include email, Skype, and QQ for Chinese language support. The review notes advantages such as multilingual chat via translators and round-the-clock weekday support, alongside disadvantages like the absence of a website feedback form and limited weekend availability.
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