Score
PRCBroker
Cyprus|10-15 years| https://www.prc-brokers.com/en/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
JapanContact
Single Core
1G
40G
1M*ADSL
- United KingdomFCA (license number: 731259) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
Basic information
Cyprus
Account Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
prcbrokers.com
Server Location
United States
Website Domain Name
prcbrokers.com
Server IP
104.244.46.211
-
prc-brokers.com
Server Location
Japan
Website Domain Name
prc-brokers.com
Server IP
182.171.82.92
-
prcbroker.com
Server Location
Japan
Website Domain Name
prcbroker.com
Website
WHOIS.ENOM.COM
Company
ENOM, INC.
Domain Effective Date
2015-02-25
Server IP
182.171.82.92
Genealogy
VIP is not activated.
HFBC
ACLFX
TMF
Company Summary
| PRCBroker Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, VFSC (Offshore) |
| Market Instruments | Forex, precious metals (gold & silver), crude oil, stocks |
| Demo Account | / |
| Leverage | Up to 1:100 |
| Spread | / |
| Trading Platform | MT4/5 |
| Min Deposit | $500 |
| Customer Support | 24/5 online chat |
| Phone: +357-9623-6568 (Cyprus), +678-513-1393 (Vanuatu) | |
| Email: support@prcbroker.com | |
| Regional Restrictions | USA, Mauritius, Canada, Haiti, Suriname, North Korea, Puerto Rico, and Hong Kong |
PRCBroker Information
Founded in 2015, PRCBroker is a regulated broker registered in Cyprus, offering trading on forex, precious metals (gold & silver), crude oil, and stocks with leverage up to 1:100 via the MT4 and MI5 platforms. The minimum deposit requirement is as high as $500.
Pros & Cons
| Pros | Cons |
| • Regulated | • Lack of Info on Trading Conditions |
| • Diverse Market Instruments | • High Minimum Deposit |
| • MT4/5 Trading Platforms | • Geographic Restrictions |
| • 24/5 Multi-channel Aupport |
Is PRCBroker Legit?
PRCBroker is a regulated broker, holding valid licenses from prominent financial regulatory bodies.
| Regulated Country | Regulator | Regulated Entity | Current Status | License Type | License No. |
 | Cyprus Securities and Exchange Commission (CySEC) | Performance Ronnaru Company Ltd | Regulated | Straight Through Processing (STP) | 253/14 |
 | Vanuatu Financial Services Commission (VFSC) | Performance Ronnaru Capital Ltd | Offshore Regulated | Retail Forex License | 14788 |
It operates under the supervision of the Cyprus Securities and Exchange Commission (CYSEC) with a Straight Through Processing (STP) license, bearing the number 253/14.
PRCBroker also holds an offshore retail forex license numbered 14788 from the Vanuatu Financial Services Commission (VFSC). This license regulates its operations for traders who are out of Cyprus.
Regulated brokers are highly recommended as they are bound by the standards and regulations imposed by these financial authorities, providing an added layer of security for traders.
Market Instruments
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals (gold & silver) | ✔ |
| Crude oil | ✔ |
| Stocks | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
PRCBroker provides its traders with Standard and ECN accounts. The Standard account, optimal for novices or intermediate traders, necessitates a minimum deposit of 500 USD.
Alternatively, for seasoned or professional traders, the ECN account is available, although it asks for a significantly higher minimum deposit of 50,000 USD.
| Account Type | Minimum Deposit |
| Standard | $500 |
| ECN | $50,000 |
Additionally, PRC has introduced a fresh account management system known as KingsMam, specifically designed for fund managers. This MAM (Multi Account Manager) system facilitates fund managers to manage multiple accounts efficiently and simultaneously, providing a solution for investors to leverage the expertise of professional traders. It essentially streamlines the process and handles the administrative complexities of multi-account management.
Leverage
PRCBroker provides different leverage options for its two account types.
| Account Type | Maximum Leverage |
| Standard | 1:100 |
| ECN | 1:50 |
For the Standard account, traders can avail a leverage of up to 1:100. In contrast, the ECN account offers a lower leverage of up to 1:50.
It's important for traders to understand that while leverage can amplify profits, it can also magnify losses, so it should be used responsibly.
Trading Platform
PRCBroker offers its clients the use of both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are well-regarded in the industry for their advanced functionalities, customizability and user-friendly interfaces.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, Android | Beginners |
| MT5 | ✔ | Windows, iOS, Android | Experienced traders |
MT4 is known for its robust charting capabilities, wide range of technical indicators, and the ability to use and create Expert Advisors (EAs) for automated trading.
On the other hand, MT5, as an upgrade of MT4, boasts enhanced features such as additional timeframes, more technical and fundamental analysis tools, and the ability to trade a wider variety of instruments.
Customer Support
PRCBroker is committed to providing support to its clients round the clock and hence, offers customer service 24 hours a day, five days a week. Their customer support team can be reached through several channels.
For instant communication, there is an online chat option available on their website.
Alternatively, you could also get in touch with them via phone. For Cyprus-based clients, the contact number is +357-9623-6568 and for those based in Vanuatu, the contact number is +678-513-1393.
If you prefer communication through email, you can write to them at support@prcbroker.com.
| Cyprus offce | Vanuatu office | |
| Company | Performance Ronnaru Company Ltd (Cyprus) | Performance Ronnaru Capital Ltd（Vanuatu) |
| Tel | +357-9623-6568 | +678-513-1393 (9am-5pm, GMT+11) |
| Address | 7B Andrea Papakosta Street 1037 Nicosia, Cyprus | Lolam House, Kumul Highway Pot 5641 Centre Ville 1, Port Vila, Vanuatu |
Frequently Asked Questions (FAQs)
Is PRCBroker regulated well?
Yes. It is regulated by CYSEC and offshore regulated by VFSC.
On PRCBroker, are there any regional restrictions for traders?
Yes. It does not provide services to residents of the USA, Mauritius, Canada, Haiti, Suriname, North Korea, Puerto Rico, and Hong Kong.
Does PRCBroker offer industry leading MT4 & MT5?
Yes. Both MT4 and MT5 are available.
What is the minimum deposit for PRCBroker?
$500 for the Standard account, while $50,000 for the ECN account.
Keywords
- 10-15 years
- Regulated in Cyprus
- Regulated in Vanuatu
- Straight Through Processing(STP)
- Retail Forex License
- MT4 Full License
- MT5 Full License
- Regional Brokers
- United Kingdom European Authorized Representative (EEA) Revoked
- Medium potential risk
- Offshore Regulated
Review 7
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FX4530778622
United Arab Emirates
When the amounts were small, everything was normal. Margin calls were common; when the market moved and I made profits, the platform changed its tune. When I tried to withdraw my profits, they delayed and postponed until finally, they just closed my account. I couldn't access it, and their explanation was that my profits caused a margin call on PRC Broker's backend.
Exposure
10-07
주건방
South Korea
I am suspected that it is a scam platform since in which unavailable trading and severe spread often occurs. One is doomed to suffer losses when he trade in it.
Exposure
2020-01-26
FX1670657069
New Zealand
I had a recent experience with the customer service. Executives are doing a great job. The platform is very good also, I have a small suggestion, like my deposit via upi payment took 3 days to reflect in my PRCBroker account.
Neutral
05-07
shriy
Cambodia
I've been using PRC Broker for a few months now, mainly on their MT5 platform. Really impressed with the range of trading products and their MT5 platform's reliability. Customer service is always quick to respond. Just hoping they can speed up the fund transfer process a bit
Positive
06-21
Streaming
United States
Been with them for a couple of years and, honestly, I've had a pretty good run. Let me tell you, they've got a smorgasbord of market instruments; forex, precious metals, crude oil, and stocks, you name it. It's like walking into a candy store for traders. Plus, they've got the ever-reliable MT4/MT5 platforms, so thumbs up for that. Also, their customer support? Pretty stellar. No matter what issue I'm dealing with, these guys are always on standby, ready to help out. Few things to consider, though. They've got higher than average minimum account deposits, especially for the ECN accounts. And for some strange reason, you have to open an account to access info on trading conditions - I mean, c'mon, where's the transparency? And don't even get me started on the regional restrictions. But, all in all, PRCBroker ain't a bad choice. They're regulated, which always brings a wave of relief, especially for those of us who've had a run-in with dodgy brokers in the past. Just wish they were a bit more upfront about a few things. So, give them a shot if you're fine with all this. But remember, always double-check all details, terms, and conditions. And, as always, only bet what you can afford to give up. Happy trading!
Positive
2023-09-13
睡不醒3825
Taiwan
After trading for a period of time, I feel pretty good, there is no slippage, and deposits and withdrawals are also very fast. There is also a return call for withdrawing funds, which is a very reassuring platform.
Positive
2023-04-07
汇市小韭菜
Japan
Low spreads and high rebates. The deposit and withdrawal are also fast. Not too slippery. I don't know where these bad reviews come from?
Positive
2023-02-01