PRCBroker | Opportunities: Real, Lira, and Rupee - 2023 Demo Trading Contest Interview Series (2024)

The global economy is recovering significantly, with COVID-19 under control. So what opportunities can ordinary traders grasp in the market in 2023？ With economic growth, are emerging market currencies likely to bring in higher returns than major currencies？ Is it possible that the emergence of AI-based software such as ChatGPT will help traders find opportunities faster？ In this interview WikiFX is pleased to invite PRCBroker, the standard sponsor of Demo Trading Contest, to share the market outlook in 2023.

PRCBroker tips：Since its inception 5-10 years ago, the company has got a STP license from CySEC and retail forex license from VFSC, boasting a WikiFX rating of 7.06 scores.

About contest

Thank you very much for your recognition of the Demo Trading World Cup and sincerely welcome you to the world of WikiTrade. So can you tell us what make you participate in the demo trading contest？

Thank you for inviting PRCBroker to be a sponsor of WikiTrade.

I think there are four main points that make us participate in the demo trading contest.

• Brand Awareness: Participating in a trading contest can increase a company's visibility and create brand awareness among traders and investors.

• Marketing: A company may use the contest as a marketing tool to promote their products and services.

• Competitive Intelligence: By participating in a trading contest, a company can gather valuable competitive intelligence by observing the strategies used by other participants.

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• 4.Recruitment: A trading contest can serve as a platform to identify talented traders who may be potential candidates for employment or partnership with the company.

Overall, participating in a demo trading contest can be a beneficial experience for companies as it offers an opportunity to showcase our expertise, attract potential clients, and gain insights into the latest market trends and strategies.

Investment advices

In 2023, what opportunities will investors have when trading and investing in forex market？

In 2022, the world made progress in addressing the challenges posed by the COVID-19 pandemic, and this momentum is expected to continue into 2023. Global economic recovery will drive global economic growth while stimulating investment in FX markets.

• Increased Volatility: Volatility in the forex market can present opportunities for traders to profit from price movements. Political and economic events, such as central bank policy changes, trade disputes, and geopolitical tensions, can all contribute to increased volatility.

• Emerging Market Currencies: Emerging market currencies, such as the Brazilian Real, Turkish Lira, and Indian Rupee, have the potential to provide higher returns than major currencies due to higher interest rates and economic growth prospects.

• Technological Advancements: Advancements in technology, such as the use of artificial intelligence and machine learning algorithms, can enable traders to identify and act on trading opportunities more quickly and efficiently.

• Cryptocurrencies: Cryptocurrencies, such as Bitcoin and Ethereum, have become increasingly popular as an alternative investment vehicle. The forex market offers the opportunity to trade crypto-fiat currency pairs, which can provide exposure to the crypto market while leveraging the stability of fiat currencies.

It's important to note that forex trading and investing carries risks, and traders and investors should always conduct thorough research and analysis before making any investment decisions. It's also crucial to have a well-planned strategy and a disciplined approach to risk management to help minimize potential losses.

About broker

As a broker, what are the differences between you and your rivals？ What are the strengths of your company？

PRCBroker is a global brokerage that provides trading services in Forex, precious metals, CFDs and other financial derivatives for individual and institutional clients. As a leader and pioneer in the industry, it has always maintained its position as a leading international expert in online trading platforms and solutions.

Professional and timely customer service is a highlight of the PRCBroker, with a sophisticated Asian customer service team providing multilingual professional customer service for customers throughout Asia on a 5*24 basis. PRCBroker provides professional online consulting services in Japanese, Chinese, English, and Korean, and uses a variety of interactive methods to enhance customer experience, which has been well received by the mainstream media and recognized by many traders.

What measures has your company taken to protect users funds？

PRCBroker is committed to the safety of client funds.

• Segregated Accounts: Our client funds are always deposited in regulated independent bank accounts, including Barclays International Bank, HSBC Bank and Deutsche Bank. The company's assets and customer funds are separated and stored to ensure the safety of client funds.

• Insurance:In order to maximize the security of the client's funds, PRC has also joined the investor compensation fund to ensure that each retail customer will receive up to 20,000 euros in compensation when the company goes bankrupt or is unable to meet its financial obligations.

• Regulation and Compliance: PRC Group is licensed and regulated globally.



PRC has been insisting on the safety of clients' funds first for 20 years and serving clients with dedication. This is the basis for PRC's good reputation and the absolute trust of our clients and partners.

About PRCBroker

PRC Group Performance Ronnaru Company (Seychelle）is a global broker that provides financial derivatives trading services such as foreign exchange, precious metals and CFD to individual and institutional clients.

The PRC Group holds 100% of the following subsidiaries, and PRCBroker brand is an international brand that is authorized and regulated in various jurisdictions :

Performance Ronnaru Company Ltd(Cyprus) is regulated by CySEC, with licence no. 253/14.(www.prcbroker.com) 7B, Andrea Papakosta Street, Palouriotissa, 1037 Nicosia Cyprus. currently only serves EU according to CySECs regulations.

Performance Ronnaru Capital Ltd（Vanuatu) is regulated by VFSC, with company no. 14788.（www.prc-brokers.com) Statutory Registered Office, Govant Building, BP 1276, Port Villa, Vanuatu.serves clients outside of EU according to VFSEs regulations.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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