Search

For more information about Prospero Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Field Survey

License

ASIC Revoked

Prospero Company

  

Prospero Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  Prospero Company, operating under the brand name Prospero Global, was founded in 2012. It has emerged as a prominent player in the financial derivatives market, primarily focusing on forex and CFD trading. The company aims to provide a safe and professional trading environment for both novice and experienced traders.

  

Parent Company/Ownership Structure

  Prospero Global is owned by Prospero Markets LLC, which is registered in Saint Vincent and the Grenadines. The company also operates through its Australian subsidiary, Prospero Markets Pty Ltd, which holds an Australian Securities and Investments Commission (ASIC) license.

  

Headquarters Location

  The headquarters of Prospero Company is situated in Melbourne, Australia. The company has expanded its presence with multiple branches across Australia and has plans to establish offices in Southeast Asia.

  

Global Business Scope

  Prospero Company serves clients globally, with a significant focus on the Asia-Pacific region. It offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies, catering to a diverse clientele.

  

Main Regulatory Bodies

  Prospero Company is regulated by the following bodies:

  • ASIC (Australian Securities and Investments Commission) - License Number: 423 034
  • FSA (Financial Services Authority) of Saint Vincent and the Grenadines - License Number: 533 LLC 2020

  

2. Company History and Development

  

Key Milestones

  • 2012: Prospero Company was established, marking its entry into the financial trading sector.
  • 2015: The company received its ASIC license, enhancing its credibility in the Australian market.
  • 2020: Prospero expanded its services to include cryptocurrency trading, responding to market demand.

  

Business Expansion Journey

  Prospero has consistently expanded its offerings and geographical reach. Initially focused on forex trading, the company has diversified into CFDs, commodities, and cryptocurrencies, thereby broadening its market appeal.

  

Customer Base Growth

  Since its inception, Prospero Company has witnessed significant growth in its customer base. The firm has attracted both retail and institutional traders, thanks to its competitive trading conditions and robust support services.

  

Platform Development History

  Prospero Company utilizes the MetaTrader 4 (MT4) trading platform, known for its reliability and advanced trading features. The platform has been continuously updated to enhance user experience and incorporate new trading tools.

  

Important Awards or Recognitions Received

  While specific awards were not detailed in the available data, the company's commitment to customer service and fund safety has earned it a positive reputation within the trading community.

  

3. Trading Services Offered

  

Forex Trading Options

  Prospero Company offers a broad selection of forex trading options, covering over 50 currency pairs. This includes major, minor, and exotic pairs, providing traders with ample opportunities to engage in the forex market.

  

Stock Trading Options

  The company provides access to a variety of stock trading options, allowing clients to trade shares from various global markets. This includes both direct stock trading and CFDs on stocks.

  

CFD Trading Products

  Prospero offers a range of CFD products, including indices, commodities, and cryptocurrencies. This diversity allows traders to speculate on price movements without owning the underlying assets.

  

Other Financial Instruments

  In addition to forex and CFDs, Prospero Company has expanded its offerings to include:

  • Cryptocurrencies: Trading options for popular cryptocurrencies such as Bitcoin, Ethereum, and others.
  • Commodities: Access to trading in precious metals, oil, and agricultural products.

  

Special Services or Unique Advantages

  Prospero Company distinguishes itself through several unique advantages:

  • High Leverage: Offers leverage up to 400:1 for forex trading, appealing to traders looking for higher risk-reward opportunities.
  • Low Spreads: Competitive spreads starting from 0.1 pips, reducing trading costs for clients.
  • 24/5 Customer Support: Dedicated support team available around the clock to assist clients with their trading needs.

  

  

Detailed Regulatory Information

  Prospero Company operates under the following regulatory bodies:

  • ASIC (Australia) - ensures compliance with local financial regulations.
  • FSA (Saint Vincent and the Grenadines) - provides a regulatory framework for international operations.

  

  • Australia: Prospero Markets Pty Ltd, regulated by ASIC.
  • International: Prospero Markets LLC, regulated by FSA in Saint Vincent and the Grenadines.

  

Client Fund Protection Measures

  Prospero Company employs several measures to protect client funds, including:

  • Segregated Accounts: Client funds are held in separate accounts from the companys operational funds, ensuring safety and accessibility.
  • Insurance: The company may offer additional insurance coverage for client funds, providing an extra layer of security.

  

Countries/Regions Served

  Prospero Company serves clients from various countries, focusing primarily on the Asia-Pacific region, including Australia, China, and Southeast Asia.

  

Compliance History

  While the company has maintained its regulatory licenses, it has faced scrutiny regarding its operational practices due to the dual licensing structure. Clients are advised to conduct thorough research before engaging in trading activities.

  

5. Competitive Landscape

  

3-5 Main Competitors

  Prospero Company faces competition from several key players in the financial trading industry, including:

  • IG Group: A well-established broker known for its extensive range of trading instruments.
  • Pepperstone: An Australian broker offering competitive spreads and advanced trading platforms.
  • OANDA: A global forex broker recognized for its innovative trading technology and regulatory compliance.

  

Positioning in the Industry

  Prospero Company positions itself as a competitive player in the forex and CFD trading market, focusing on low trading costs, high leverage, and robust customer support.

  

Market Differentiation Factors

  The company differentiates itself through:

  • High Leverage Options: Attracting traders seeking to maximize their trading capital.
  • Comprehensive Educational Resources: Offering training programs and market analysis to help traders improve their skills.
  • Personalized Customer Support: Providing dedicated account managers for enhanced client engagement.

  For more information about Prospero Company and its offerings, please visit Prospero Global.

  Back to Top