Company profile
Note: Prospero's official website - https://www.prosperoglobal.com/ is currently inaccessible normally.Prospero Review SummaryFounded2020Registered Country/RegionAustraliaRegulationASIC (Revoked)Market InstrumentsForex, precious metals, commodities, stock indices, equity CFDs, VIX, energy, color metals, agricultureDemo Account/LeverageUp to 1:400EUR/USD Spread0.1 pipsTrading PlatformMT4, MT5Min Deposit$100Customer SupportContact formTel: +61 1300 768 888Email: support@prosperoglobal.comWeChat: prospero_marketsFacebook: https://www.facebook.com/Prospero-Markets-125261929068409/Linkedin: https://www.linkedin.com/company/prosperomarkets-pty-ltd/?viewAsMember=true Founded in 2020, Prospero is an Australian registered forex broker that claims to offer many trading products like Forex, precious metals, commodities, stock indices, equity CFDs, VIX, energy, color metals, and agriculture. It provides two account types, Standard and VIP (ECN), with a minimum deposit requirement of $100 and $3000 respectively. We regard this broker as an unwise choice due to the lack of regulation and website inaccessibility.Pros and ConsPros Cons Diverse tradable assetsNon-functional websiteCommission-free accounts offeredRevoked ASIC licenseMT4 & MT5 platformPopular payment optionsIs Prospero Legit? No, Prospero currently has no valid regulations. It only holds a revoked Australian Securities and Investments Commission (ASIC) license.Regulatory Status RevokedRegulated by The Australian Securities and Investments Commission (ASIC)Licensed Institution Prospero Markets Pty LtdLicensed TypeMarket Making (MM)Licensed Number423034What Can I Trade on Prospero? On Prospero, you can trade with Forex, precious metals, commodities, stock indices, equity CFDs, VIX, energy, color metals, and agriculture.Tradable Instruments Supported Forex✔Precious metals✔Commodities✔Stocks Indices✔Equity CFDs✔VIX✔Energy✔Color metals✔Agriculture✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type Prospero provides two main types of accounts: Standard and VIP (ECN) accounts.Account TypeMin Deposit Standard $100VIP (ECN)$3 000Leverage Prospero offers a maximum leverage ratio of 1:400. It's important to recognize that high leverage is a double-edged sword, capable of amplifying both profits and losses.Asset ClassMax LeverageMajor currencies1:400Indices 1:100GoldSpot silverFuturesSpread and CommissionAccount TypeSpread CommissionStandard From 0.5 pips❌VIP (ECN)From 0.1 pipsFrom $3.5 per sideTrading Platform Prospero claims to offer MT4 and MT5, yet we are unable to confirm this claim due to the inaccessibility of their website.Trading PlatformSupported Available Devices Suitable for MT4✔Windows, iOS, MAC, AndroidBeginnersMT5✔Windows, iOS, MAC, AndroidExperienced tradersDeposit and Withdrawal Prospero claims to support payments through VISA, Mastercard, Neteller, Tether, and USDT Payment.
Sandence
Taiwan
Spreads are low, but customer service could be quicker to respond. Still, love the trading experience overall.
Neutral
2024-08-06