Prospero Forex broker specializes in providing foreign exchange trading services, the company's official website https://customer.prosperomarkets.com/register, the company's legitimate regulatory information AustraliaASICMarket Making(MM), to enhance the security of the company's address .
Prospero Forex Broker
Basic information
Saint Vincent and the Grenadines
Stoppage of Business 10-15 years Suspicious Regulatory License Self-developed Suspicious Scope of Business Australia Market Making(MM) Revoked High potential riskCompany profile
Note: Prospero's official website - https://www.prosperoglobal.com/ is currently inaccessible normally.
Prospero Review SummaryFounded 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 Cons
| Pros | Cons |
| Diverse tradable assets | Non-functional website |
| Commission-free accounts offered | Revoked ASIC license |
| MT4 & MT5 platform | |
| Popular payment options |
Is Prospero Legit?
No, Prospero currently has no valid regulations. It only holds a revoked Australian Securities and Investments Commission (ASIC) license.
| Regulatory Status | Revoked |
| Regulated by | The Australian Securities and Investments Commission (ASIC) |
| Licensed Institution | Prospero Markets Pty Ltd |
| Licensed Type | Market Making (MM) |
| Licensed Number | 423034 |
What 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 Type | Min Deposit |
| Standard | $100 |
| VIP (ECN) | $3 000 |
Leverage
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 Class | Max Leverage |
| Major currencies | 1:400 |
| Indices | 1:100 |
| Gold | |
| Spot silver | |
| Futures |
Spread and Commission
| Account Type | Spread | Commission |
| Standard | From 0.5 pips | ❌ |
| VIP (ECN) | From 0.1 pips | From $3.5 per side |
Trading Platform
Prospero claims to offer MT4 and MT5, yet we are unable to confirm this claim due to the inaccessibility of their website.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, MAC, Android | Beginners |
| MT5 | ✔ | Windows, iOS, MAC, Android | Experienced traders |
Deposit and Withdrawal
Prospero claims to support payments through VISA, Mastercard, Neteller, Tether, and USDT Payment.
Rating Index
VIP account (ECN)
Standard account
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Latest Reviews
nues
South Africa
Like their high leverage and low spreads!
Positive
2024-04-19
禅心看世界✨
Hong Kong
With more than 110,000 US dollars, there has been no progress in withdrawing money for 4 months now, and it is delayed every day. Every time they said I could handle it right away, they ended up breaking promise. Customer service is no longer responding now.
Exposure
2024-02-28
Sandence
Taiwan
Spreads are low, but customer service could be quicker to respond. Still, love the trading experience overall.
Neutral
2024-08-06