PRCBroker Review
PRCBroker
Leverage: 1:30 | 1:100
Min. Deposit: $10,000
Platforms: MT4, MT5
Regulation: CySEC, VFSC
HQ: Cyprus
Found in: 2014
PRCBroker Licenses:
- Performance Ronnaru Company Ltd (Cyprus) – authorized by CySEC (Cyprus) license no 253/14
- Performance Ronnaru Capital Ltd（Vanuatu) – authorized by VFSC (Vanuatu) license no 14788
Top 3 Forex Brokers
- What is PRCBroker?
- PRCBroker Pros and Cons
- Is PRCBroker Safe or a Scam?
- Leverage
- Accounts
- Instruments
- Fees
- Spreads
- Deposits and Withdrawals
- Trading Platform
- Customer Support
- Education
- Conclusion
Our Review Method
- LowSpreadsFX Financial Experts with over 10 years of experience in Forex Trading check all trading conditions, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see proposals fully to give expert opinions about PRCBroker.
What is PRCBroker?
PRCBroker is a Forex trading Broker that enables corporate and business clients to engage in trading various financial products, including Forex, CFDs, Metals, Oil, and Stock. The company was founded in 2014 in Cyprus and operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC). Moreover, the company holds an additional license issued by the Vanuatu Financial Services Commission (VFSC). Overall, PRCBroker provides reliable services and competitive trading options mainly to institutional clients and Professional Trading, utilizing the popular MetaTrader platforms and various trading systems.PRCBroker Pros and Cons
After conducting an analysis, we have identified several advantages and disadvantages to consider when selecting PRCBroker as your Forex trading broker. For the pros, the broker offers widely recognized and efficient MT4 and MT5 trading platforms, facilitating effective trade execution. The company also provides fast and secure trading conditions, offering competitive rates and spreads that are suitable for business clients.
For the cons, the trading conditions offered by PRCBroker may vary depending on the specific entity involved, besides proposal is mainly tailored for Institutional clients and Professionals so might be limited for retail traders. Moreover, the company does not offer 24/7 customer support, which may be inconvenient for some traders. Another drawback is the absence of an education section on the website, limiting access to educational resources for clients.
| Advantages | Disadvantages |
|---|---|
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PRCBroker Review Summary in 10 Points
Overall PRCBroker Ranking
Upon our research, we found that the broker offers safe and competitive trading services with favorable fees and spreads for a range of financial trading products. Therefore, we can confidently conclude that PRCBroker is a suitable choice for both corporate clients and experienced traders.
- PRCBroker Overall Ranking is 7.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
| Ranking | PRCBroker | OneRoyal | VIBHS |
|---|---|---|---|
|
Our Ranking |
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Advantages |
Trading Conditions |
Trading Instruments |
Spreads |
PRCBroker Alternative Brokers
Although PRCBroker provides competitive trading conditions, there may be other brokers in the market that offer similar or even better services based on personal preference. Some of these competitors may have advantages in terms of instrument range, additional licenses, or educational materials allowing them to serve traders globally. As a result, we have conducted extensive research and compiled a list of the broker’s main competitors for you to consider exploring:
Is PRCBroker Safe or Scam?
No, PRCBroker is not a scam. It is a reliable and secure broker that follows the strict rules and guidelines established by CySEC, the European regulatory authority that oversees its operations.
Is PRCBroker Legit?
Yes, PRCBroker is a legit and regulated broker.
Compliance with the regulatory requirements set by CySEC enhances the safety and confidence of traders who choose to trade with PRCBroker.
See our conclusion on PRCBroker Reliability:
- Our Ranked PRCBroker Trust Score is 7.9 out of 10 for the good reputation and services provided. However, trading services are available via an offshore entity as well.
| PRCBroker Strong Points | PRCBroker Weak Points |
|---|---|
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How Are You Protected?
PRCBroker prioritizes the safety and security of its clients’ funds by segregating them from the firm’s accounts and not using them for operational purposes. Also, the broker provides different protective measures, such as negative balance protection which is great during times of market volatility to ensure the safety of traders’ accounts that do not go below 0.
Leverage
Leverage is a valuable tool that allows Forex traders to enter the market with limited capital. However, you should understand that it can result in substantial gains or losses. Therefore, have a comprehensive understanding of how leverage operates and its potential consequences before engaging in any trading activities involving leverage.
PRCBroker leverage is offered according to the CySEC, and VFSC regulations:
- European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
- For international traders, the maximum leverage is 1:100.
Account Types
Based on our findings on PRCBroker broker, European entity traders have the option to select between Premium and VIP account types, while fund managers can opt for the King Mam account. However, if you are an offshore entity trader, we recommend conducting comprehensive research to gather information about the available account types.
| Pros | Cons |
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How to Open PRCBroker Live Account?
Opening an account with a broker is quite easy, we could open the account within minutes, yet conditions are mainly provided for Corporate Trading and Institutional Clients. You should follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Register Account” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by upload of documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
Trading Instruments
PRCBroker offers clients the opportunity to trade more than 28 currency pairs in the Forex market, as well as Precious Metals, Crude Oil, and CFDs on Commodities. Forex trading is particularly notable among these markets due to its widespread recognition, high liquidity, and competitive spreads. However, it is important to note that the availability of trading instruments may differ based on the specific entity, so it is advisable to conduct comprehensive research to ascertain the range of options available.
- PRCBroker Markets Range Score is 7 out of 10 for trading instrument selection overall. Yet, on the other hand, many popular asset classes are not available to trade so might be good to consider other Brokers too.
PRCBroker Fees
In terms of fees, the broker offers competitive pricing for trading instruments as we found. However, it is crucial to consider that there might be charges for deposits and withdrawals depending on the selected funding method and the country of registration. Additionally, trading fees may vary based on the specific entity, so conducting thorough research is recommended to determine the available options and costs.
- PRCBroker Fees are ranked average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers for all fees applied. See more comparison details below:
| Fees | PRCBroker Fees | OneRoyal Fees | VIBHS Fees |
|---|---|---|---|
|
Deposit fee |
Yes |
Yes |
Yes |
|
Withdrawal fee |
Yes |
Yes |
Yes |
|
Inactivity fee |
No |
No |
Yes |
|
Fee ranking |
Average |
Low |
Low/Average |
Spreads
Based on our test trade, PRCBroker spreads are tight and floating, with an average spread of 2 pips for the widely-traded EUR/USD currency pair in the Forex market, which is slightly higher than average. The broker provides competitive spreads for all major currency pairs and other popular trading instruments too. However, the trading conditions can differ depending on the entity, so do your research to understand the specific spread conditions that are in place.
- PRCBroker Spreads are ranked average with an overall rating of 7.9 out of 10 based on our testing comparison to other brokers. Even though we found Forex spread higher than the industry average, the spreads for other instruments are competitive.
| Asset/ Pair | PRCBroker Spread | OneRoyal Spread | VIBHS Spread |
|---|---|---|---|
|
EUR USD Spread |
2 pips |
0.2 pips |
1 pips |
|
Crude Oil WTI Spread |
3 |
0.3 |
3 |
|
Gold Spread |
1 |
1.8 |
1 |
Deposits and Withdrawals
PRCBroker provides a few funding methods to its clients to deposit funds into trading accounts, including bank wire transfers, credit/debit cards, and online payment systems like Skrill and Neteller. However, it is important to note that specific requirements and limitations for each funding method may vary depending on the financial institution and your country of residence.
- PRCBroker Funding Methods we ranked good with an overall rating of 8 out of 10. Fees are low, and also you can benefit from various account-based currencies.
Here are some good and negative points for PRCBroker funding methods found:
| PRCBroker Advantage | PRCBroker Disadvantage |
|---|---|
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PRCBroker Minimum Deposit
To open a live trading account with PRCBroker, traders are required to deposit a minimum amount of $10,000 for a Premium account. This initial deposit amount is relatively high and may not be suitable for beginners. For Vip accounts, the minimum deposit amount is set at $100,000.
PRCBroker minimum deposit vs other brokers
| PRCBroker | Most Other Brokers | |
|---|---|---|
|
Minimum Deposit |
$10,000 |
$500 |
PRCBroker Withdrawals
As we found, traders can expect an easy and quick withdrawal process with PRCBroker, enabling them to access their funds efficiently. However, conditions usually vary by the payment provider and might take several days to appear in your account.
How Withdraw Money from PRCBroker Step by Step:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with necessary requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
Trading Platforms
European entity traders have the opportunity to trade using the highly popular MetaTrader 4 and MetaTrader 5 trading platforms provided by PRCBroker. These platforms are widely recognized and can be accessed through desktop, web, and mobile devices, ensuring traders can stay connected to the markets and execute trades conveniently from anywhere.
Known for their user-friendly interface, extensive features, and ability to automate trading strategies, MetaTrader platforms inspire trust in traders and enable them to trade at their desired pace.
- PRCBroker Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers the popular MT4 and MT5 professional trading platforms.
| Platforms | PRCBroker Platforms | OneRoyal Platforms | VIBHS Platforms |
|---|---|---|---|
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MT4 |
Yes |
Yes |
Yes |
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MT5 |
Yes |
No |
No |
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cTrader |
No |
No |
No |
|
Own Platform |
No |
No |
No |
|
Mobile Apps |
Yes |
Yes |
Yes |
Trading Tools
Per our analysis, PRCBroker offers a range of trading tools that include advanced charting features with multiple chart types, various timeframes, an economic calendar, and technical indicators. Moreover, MT4 and MT5 platforms facilitate automated trading through the use of Expert Advisors (EAs) and algorithmic trading.
Additionally, the broker integrates a Multi Account Manager (MAM) system, enabling fund managers to execute bulk orders across an unlimited number of accounts efficiently.
Customer Support
We found PRCBroker customer support is available 24/5 through Email, Phone, and Fax. We found that PRCBroker has a team of experienced trading specialists who are available to help clients with various issues. These include technical problems, general inquiries, and operational concerns.
- Customer Support in PRCBroker is ranked good with an overall rating of 7.9 out of 10 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
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PRCBroker Education
We actually noticed that the broker lacks a dedicated section on its website for educational materials, seminars, and webinars. This absence can be considered a drawback since educational resources play a crucial role in the development and improvement of traders’ skills. PRCBroker only provides an Economic calendar and Forex news, which may not be sufficient for those seeking comprehensive educational support.
However, since Broker focuses mainly on Institution trading good research and tools provided are more valuable there, since the proposal isn’t designed for beginning traders.
- PRCBroker Education ranked with an overall rating of 6 out of 10 based on our research. We recommend seeking educational resources from established and reputable brokers.
PRCBroker Review Conclusion
In conclusion, PRCBroker is a good Forex trading company that provides access to a range of financial products for corporate and business clients. With its establishment in Cyprus and regulation by CySEC, as well as an additional license from VFSC, the broker offers a reliable trading environment also with international access.
PRCBroker provides clients with popular and widely-used MetaTrader 4 and MetaTrader 5 trading platforms with a good range of tools, therefore ensuring accessibility and convenience across various devices. However, it is important to note that the broker minimum deposit is high and also lacks a dedicated section for educational materials, seminars, and webinars so overall Broker is not suitable for beginning traders.
Overall, the broker offers a secure trading platform and competitive trading conditions. However, every trader has unique needs, so it is crucial to evaluate whether PRCBroker aligns with your specific trading goals and preferences.
Based on Our findings and Financial Expert Opinions PRCBroker is Good for: