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PRCBroker

Cyprus|10-15 years|
Straight Through Processing(STP)|MT4 Full License|Regional Brokers|United Kingdom European Authorized Representative (EEA) Revoked|Medium potential risk|Offshore Regulated|

https://www.prc-brokers.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

21
Server Name
PRC-Demo MT4
Server Location Japan

Contact

+357 22-250328
support@prcbroker.com
https://www.prc-brokers.com/en/
7B Andrea Papakosta street, Palouriotissa,1037 Nicosia, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 22-250328

English

+678 513 1393

Other ways of contact

Broker Information

More

Company Name

Performance Ronnaru Company Ltd

Abbreviation

PRCBroker

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-23
  • United KingdomFCA (license number: 731259) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The Vanuatu VFSC regulation with license number: 14788 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

PRCBroker · WikiFX Survey
PRCBroker Joins in Wiki Finance Expo Hong Kong 2024
Hong Kong
EXPO

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PRCBroker · Company Summary

PRCBroker Review Summary
Founded2015
Registered Country/RegionCyprus
RegulationCYSEC, VFSC (Offshore)
Market InstrumentsForex, precious metals (gold & silver), crude oil, stocks
Demo Account/
LeverageUp to 1:100
Spread/
Trading PlatformMT4/5
Min Deposit$500
Customer Support24/5 online chat
Phone: +357-9623-6568 (Cyprus), +678-513-1393 (Vanuatu)
Email: support@prcbroker.com
Regional RestrictionsUSA, 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.

PRCBroker's home page

Pros & Cons

ProsCons
• 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 CountryRegulatorRegulated EntityCurrent StatusLicense TypeLicense No.
Cyprus
Cyprus Securities and Exchange Commission (CySEC)Performance Ronnaru Company LtdRegulatedStraight Through Processing (STP)253/14
Vanuatu
Vanuatu Financial Services Commission (VFSC)Performance Ronnaru Capital LtdOffshore RegulatedRetail Forex License14788

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.

regulated by CYSEC

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.

offshore regulated by VFSC

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
forex
precious metals
crude oil
stock index
stock index

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 TypeMinimum Deposit
Standard$500
ECN$50,000
Standard vs ECN

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.

Kings Mam account

Leverage

PRCBroker provides different leverage options for its two account types.

Account TypeMaximum Leverage
Standard1:100
ECN1:50

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 PlatformSupported Available Devices Suitable for
MT4Windows, iOS, AndroidBeginners
MT5Windows, iOS, AndroidExperienced traders
MT4

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.

MT5
MT4/5 mobile

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 offceVanuatu office
CompanyPerformance Ronnaru Company Ltd (Cyprus)Performance Ronnaru Capital Ltd(Vanuatu)
Tel+357-9623-6568+678-513-1393 (9am-5pm, GMT+11)
Address7B Andrea Papakosta Street 1037 Nicosia, CyprusLolam House, Kumul Highway Pot 5641 Centre Ville 1, Port Vila, Vanuatu

Contact info

Contact info

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.

News

PRCBroker | Opportunities: Real, Lira, and Rupee - 2023 Demo Trading Contest Interview Series

NewsPRCBroker | Opportunities: Real, Lira, and Rupee - 2023 Demo Trading Contest Interview Series

2023-03-17 18:18

In this interview WikiFX is pleased to invite PRCBroker, the standard sponsor of Demo Trading Contest, to share the market outlook in 2023.

WikiFX
2023-03-17 18:18
News
PRCBroker | Opportunities: Real, Lira, and Rupee - 2023 Demo Trading Contest Interview Series

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