Score
Cyprus
|
10-15 years
| http://www.prcbroker.com/
Website
Rating Index
MT4/5
Full License
PRC-Demo
Influence
D
Influence index NO.1
South Korea 2.47
MT4/5 Identification
Full License
JapanInfluence
D
Influence index NO.1
South Korea 2.47
Single Core
1G
40G
1M*ADSL
Cyprus
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
prcbroker.net prc-brokers.com prcbroker.com
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| 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 |
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 |
| • Regulated | • Lack of Info on Trading Conditions |
| • Diverse Market Instruments | • High Minimum Deposit |
| • MT4/5 Trading Platforms | • Geographic Restrictions |
| • 24/5 Multi-channel Aupport |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals (gold & silver) | ✔ |
| Crude oil | ✔ |
| Stocks | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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.
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.
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.
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 |
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.
In this interview WikiFX is pleased to invite PRCBroker, the standard sponsor of Demo Trading Contest, to share the market outlook in 2023.
The minimum deposit for the Standard account is $500, which is a reasonable amount for someone starting out. However, for the ECN account, the minimum deposit is $50,000, which is quite high for retail traders like me.
Yes, PRCBroker is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 253/14. This gives me a sense of security because it operates under strict financial regulations. However, it also holds an offshore retail forex license from the Vanuatu Financial Services Commission (VFSC), with license number 14788, which makes me more cautious due to the reduced investor protection from offshore regulation.
PRCBroker provides both MT4 and MT5 platforms, which is great because MT4 is beginner-friendly, while MT5 offers more advanced features for experienced traders like me. Both platforms are available on desktop, mobile, and web, which gives me the flexibility to trade anywhere.
PRCBroker only accepts bank transfers for withdrawals, which is slower compared to e-wallet or crypto options. If I want to withdraw, I’ll likely have to wait several days for the process to complete.
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FX1103882997
Hong Kong
I recently exposed PRC platform's harsh handling of our agency commissions and clients' profits, and their refusal to make payouts, leading to the closure of all my regular trading accounts on their platform. Ito, the person in charge of the platform, has been particularly egregious, colluding with others domestically to deceive the Chinese people - a grave offense. If they continue to refuse payouts, I will expose all their deeds. They show no mercy, we reciprocate in kind. We have deposited over 2.5 million USD on their platform, 1.5 million of which was my personal contribution. They have made substantial profits just off this amount. Despite this, they are extremely stringent about this bit of commission, showing extreme greed and moral depravity. I provide them with a one-week timeframe: if they still refuse to pay the 18,963 USD, I will expose all their actions one by one, including events involving their Shanghai office. None shall evade justice.
Exposure
FX1103882997
Hong Kong
We've been on this platform for over a decade, unable to withdraw. The platform is run by a person named Ito, a Chinese person with Japanese nationality. Last year, we had a major client who deposited to trade the Dow on this platform. When depositing, as an agent, we specifically called Ito to confirm whether the Prc platform could guarantee the safety of client withdrawals. Ito repeatedly assured us there would be no problems. However, when the client profited 1.13 million USD, they refused to allow a withdrawal, and forcibly closed the client's account claiming violations. What's worse is that they even refused to pay out our agent commissions of 18,963 USD (I've uploaded my agent backend and WeChat chat record with Prc person in charge, Ito). It's been almost a year now. Their customer service and the Prc person in charge, Ito, have blocked me. This platform is a non-hedging market platform. It's a black platform. Please be careful if you are still trading on this platform. The platform is after your principal. Clients must be vigilant when trading on this platform and not let the enthusiasm of the platform customer service confuse your financial sense. This platform's reprehensible behavior has touched the legal bottom line, just another means of fraud. Once they defraud the client's principal, they develop new clients again, and the customer service staff often change their WeChat and QQ numbers.
Exposure
FX1103882997
Hong Kong
We've been working on this platform for over a decade, and the platform's manager is Ito. Last year, we had a big client who deposited funds to trade the Dow Jones on this platform. When depositing, as an agent, we specifically called Ito to confirm if the Prc platform could guarantee the client's withdrawal safety. Ito guaranteed there would be no problem. But when the client made a profit of 1.13 million US dollars, they didn't allow the withdrawal and even forcibly closed the client's account claiming a violation of the rules. The worst part is, they even refused to pay our agent commission of 18,963 US dollars (I uploaded my agent backend and WeChat chat records with Prc manager Ito). It's almost been a year now. When we contact their customer service and Prc manager Ito, we get blacklisted. This platform doesn't have a hedge market platform. It's a black platform. Please be careful if you're still trading on this platform. They're after your principal. Customers must be alert when trading on this platform. Don't let the enthusiasm of the platform customer service cloud your judgement about your funds. The illegal behavior of this platform has touched the legal bottom line, it's just a new way of deceiving. Once they get the customer service principal, they re-develop new customers, and customer service personnel often change their WeChat and QQ numbers. Please reassess platform credibility with FXeye. Be careful to deposit cautiously in the garbage platform.
Exposure
FX1103882997
Hong Kong
We have been trading on this platform for more than ten years. The person in charge of the platform is called Ito, who is a Chinese person with Japanese nationality. Last year, we had a major client who deposited funds on this platform to trade the Dow Jones Index. When depositing funds, as an agent, we specifically called Ito, the person in charge of the platform, to confirm whether Prc platform can guarantee the safety of client fund withdrawals. Ito repeatedly assured us that there would be no problem. However, when the client made a profit of $1.13 million, they refused to withdraw the funds and forcibly closed the client's account, claiming that the client had violated the rules. What's even more despicable is that they even refused to pay us the commission of $18,963 (I have uploaded the records of my agent backend and the WeChat conversation with Ito, the person in charge of Prc). It has been almost a year now. When contacting their customer service and Ito, the person in charge of Prc, they blocked and blacklisted me. This platform does not have a hedging market. It is a black platform. Customers who are still trading on this platform must be extremely cautious. The platform is eyeing your capital. When trading on this platform, customers must keep their eyes open. Don't let the enthusiasm of the platform's customer service cloud your judgment about your funds. The unethical behavior of this platform has crossed the legal bottom line, which is just another form of fraud. They deceive the customer's initial capital and then develop new customers, and the customer service personnel often change their WeChat and QQ numbers.
Exposure
海岸线
Hong Kong
Yesterday, at crucial price levels, the server crashed, resulting in significant losses for us. There were four outages last night, with the most severe occurring during a spike in gold prices!
Exposure
威廉3214
Hong Kong
Deposit 10,000 and withdraw 6,000. They did not allow withdrawals, customer service intentionally does not reply, and there is no evidence when calling. It is a completely fraudulent platform, everyone should stay away.
Exposure
威廉3214
Hong Kong
It is difficult to withdraw. 6500u was not given. Deposited 10000 and lost 3800u. They didn't allow withdrawal.
Exposure
FX2965438001
Hong Kong
Large profits cannot be withdrawn, a $1 million account is directly closed due to unauthorized operations, consuming customer profits for withdrawal.
Exposure
FX4530778622
Hong Kong
Very poor platform. I never encountered such a scam platform.
Exposure
同方
Hong Kong
On the afternoon of October 15, 2024, my account automatically placed and closed orders, resulting in a loss of $300. Additionally, there was malicious withdrawal from my account.
Exposure
FX4156793020
Hong Kong
Recently, the A-share market has surged, and this platform has widened the spread of A50 to nearly 200 basis pips, which is really disgusting.
Exposure
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
FX8716476482
Hong Kong
The PRC platform has serious slippage issues and easily leads to margin calls. Initially, they promised same-day withdrawal, but now the withdrawal times keep changing—sometimes it's 2 days, sometimes 3 days. There was no requirement to recruit a specific number of clients to receive rebates when I registered. Suddenly, they terminated the rebate without prior notice about needing to recruit clients and unexpectedly lowered the leverage, which is just terrible. Customer service is utterly unhelpful. It seems like a scam platform that's about to go under. Everyone should get out fast. If you join, you're likely to blow up your account and lose all your money.
Exposure
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
ojbk110
Hong Kong
It's said that I can ask the legal department for help. But no one handles it, and no emails are answered. No withdrawal. This is a scam platform that is ready to run away. Please withdraw your money as soon as possible and don't be cheated.
Exposure
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
Chloe71329
Hong Kong
My account made a profit, but suddenly the backend was frozen and I couldn't log in. I sent an email to the platform’s customer service, but they didn’t respond directly. On this kind of platform, it's good if customers lose money, but if it doesn't work as long as they make profits, the platform will find ways to freeze their accounts.
Exposure
巴雷拉
Hong Kong
The withdrawal I applied for isn't passed. The software is closed and unable to log in.
Exposure
mrc
Hong Kong
I withdrew on April 11. Now the withdrawal hasn't been given or processed. I can't contact customer service.
Exposure