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Prospero Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.prospero..., the company's legitimate regulatory information AustraliaASICMarket Making License (MM) to enhance the security of the company's address The Financial Service Centre Stoney Ground, Kingstown St. Vincent and the Grenadines

Prospero Forex Broker

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Prospero

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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.
How to login to Prospero?

Prospero Similar Brokers

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Pros
Multiple account type options catering to different trading needs.
Established broker with a long history in the industry.
Access to a widely used trading platform (MetaTrader 4) known for its features and customizability.
Cons
Unregulated status raises concerns about client protection and legitimacy.
High minimum deposit requirements compared to industry standards.
Numerous negative reviews and complaints from users indicate potential issues with service and withdrawal processes.

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
--
Company Name
Prospero Markets LLC
Abbreviation
Prospero
Company employee
--
Customer Service Email Address
enquiries@prosperoglobal.com
Company Address
The Financial Service Centre Stoney Ground, Kingstown St. Vincent and the Grenadines
How to login to Prospero?
Prospero Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Prospero Account Registering for a Prospero account is the first step in accessing its trading services. Follow these detailed steps to complete the registration process: Accessing the Registration Page: Visit the official Prospero website. Look for the "Open Account" or "Register" button prominently displayed on the homepage. Click this button to be directed to the registration page. Insert screenshot of registration page here. Filling in Required Information: Fill out the registration form with your personal details, including your full name, email address, phone number, and country of residence. Make sure to create a strong password that meets the security requirements. Double-check the information for accuracy to avoid issues later on. Email/Phone Verification: After submitting the registration form, you will receive a verification email or text message containing a confirmation link or code. Click the link or enter the code to verify your email address or phone number. This step is crucial as it ensures that your contact information is valid. Identity Verification (if required): Depending on your region, you may need to provide additional identification documents for verification. Common documents include a government-issued ID (passport or driver's license) and proof of residence (utility bill or bank statement). Ensure that the documents are clear and meet the specified requirements for upload. Registration Confirmation: Once your information and documents are verified, you will receive a confirmation email indicating that your registration is complete. This email will also provide instructions for the next steps in the account opening process. Common Registration Issues and Solutions Email Not Received: If you do not receive the verification email, check your spam or junk folder. If its still missing, request a new verification email from the registration page. Document Rejection: Ensure that the documents you upload are clear and meet the format requirements. If rejected, carefully review the guidelines provided during the registration process. Regional Restrictions: Be aware that certain regions may have specific regulations that could affect your ability to register. If you encounter issues, check the FAQs on the Prospero website or contact customer support. Regional Differences in Registration Registration requirements may vary based on your country of residence. For example, users from regions with stricter regulations may need to provide additional identification or undergo more thorough verification processes. Always check the specific requirements based on your location. Part Two: Prospero Account Opening Detailed Guide Understanding Registration vs. Account Opening While registration involves creating your user profile and verifying your contact details, account opening refers to the process of selecting your trading account type and providing necessary documents to start trading. Preparation Work Before Account Opening Before proceeding with account opening, ensure you have the following: A verified email address and phone number. Identification documents ready for upload. Knowledge of the type of trading account you wish to open (Standard or VIP). Detailed Account Opening Steps Selecting Account Type: After registration, log in to your Prospero account. You will be prompted to choose between a Standard account (minimum deposit of $100) and a VIP account (minimum deposit of $3,000). Consider your trading goals and budget when making this decision. Submitting Required Documents: Upload the necessary documents for identity verification. This includes your ID and proof of residence. Follow the on-screen instructions for document submission. Account Review Process: Once you submit your documents, Prospero will review them. This process typically takes up to 24 hours. You will receive an email notification regarding the status of your account. Account Activation: Upon successful review, your account will be activated. You can then proceed to fund your account using one of the available payment methods. Initial Setup: After activation, log in to your account and set up your trading preferences. This includes configuring your trading platform (MetaTrader 4) and exploring the tools available for analysis and trading. Frequently Asked Questions about Account Opening How long does the account opening process take? Typically, the account opening process can take up to 24 hours, depending on the verification of your documents. What if my documents are rejected? If your documents are rejected, carefully review the feedback provided and resubmit the corrected documents as soon as possible. Next Steps After Opening an Account Once your account is active, it's essential to deposit funds to start trading. Familiarize yourself with the trading platform and consider opening a demo account to practice trading strategies before investing real money. Part Three: Prospero Login Process Explained Basic Web Login Process Logging into your Prospero account is straightforward. Follow these steps: Visit the Login Page: Go to the Prospero website and click on the "Login" button. This is usually located in the upper right corner of the homepage. Insert screenshot of login page here. Enter Your Credentials: Input your registered email address and password in the respective fields. Ensure that the information is correct to avoid login issues. Two-Factor Authentication (if enabled): If you have set up two-factor authentication, you will receive a code on your registered mobile number or email. Enter this code to proceed. Access Your Account: After entering the correct credentials and authentication code, click on the "Login" button to access your account dashboard. Explore Account Features: Once logged in, you can access various features, including trading tools, account settings, and educational resources. Mobile App Login Process If you prefer using the mobile app: Download the MetaTrader 4 app from the App Store or Google Play Store. Open the app, select "Prospero" as your server, and enter your login credentials as described above. Other Login Methods Currently, Prospero does not support third-party login methods or Single Sign-On (SSO) options. All users must log in using their registered email and password. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password?" link on the login page to reset your password. Follow the instructions sent to your email. Account Lockout: If you enter incorrect credentials multiple times, your account may get locked. Contact customer support for assistance. Technical Issues: If you experience trouble logging in due to technical problems, try clearing your browser cache or using a different browser. For app issues, ensure that you have the latest version installed. Overview of Features After Login After logging in, you will have access to your trading dashboard, where you can view your account balance, open positions, and trading history. You can also access educational materials, market analysis, and customer support options. Additional Sections Account Security Recommendations Use a strong, unique password for your Prospero account and change it regularly. Enable two-factor authentication for an extra layer of security. Regularly monitor your account activity and report any suspicious behavior to customer support. Best Practices for Account Management Keep your contact information updated to ensure you receive important notifications. Regularly review your account settings and trading preferences to align with your investment goals. Utilize the educational resources provided by Prospero to enhance your trading knowledge and skills. How to Get Technical Support If you encounter issues during registration, account opening, or login, you can contact Prospero's customer support via email at support@prosperoglobal.com or through the live chat feature on their website. Customer support is available 24/5 to assist with your inquiries. This comprehensive guide aims to provide a clear understanding of the registration, account opening, and login processes for Prospero users. By following these steps and recommendations, you can navigate the platform effectively and make the most of your trading experience.

Prospero Forex Broker - Comprehensive Information Guide

1. Overview of the Broker

Prospero Global, established in 2022, is a CFD broker registered and regulated in Australia and Saint Vincent and the Grenadines. The company operates as a private entity and provides trading services primarily targeting retail clients, including individual traders and investors. The broker aims to offer a transparent and user-friendly trading environment with a focus on various asset classes.

Since its inception, Prospero has made significant strides in the trading industry, quickly gaining recognition for its competitive trading conditions and extensive asset offerings. The company operates through its main office located in Kingstown, Saint Vincent and the Grenadines, with a regulatory license from the Financial Services Authority (FSA).

Prospero Global's business model is centered around retail forex trading, allowing clients to engage in trading various financial instruments such as currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. The broker emphasizes straightforward and transparent trading conditions, making it an attractive option for both novice and experienced traders.

2. Regulation and Compliance Information

Prospero Global is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines, which provides a basic level of oversight. The regulatory number for this license is 533 LLC 2020. However, it is important to note that the FSA is considered a tier-3 regulatory body, which may not provide the same level of investor protection as tier-1 regulators.

The broker adheres to necessary compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to ensure the security of client accounts and transactions. Client funds are kept in segregated accounts to protect them in the event of the broker's insolvency. However, Prospero Global does not participate in any investor compensation schemes, which is a point of consideration for potential clients.

The broker's commitment to regulatory compliance is reflected in its operational practices, ensuring that clients' information is securely managed and that all transactions are conducted transparently.

3. Trading Products and Services

Prospero Global offers a diverse range of trading products, primarily focusing on CFDs (Contracts for Difference). The broker provides access to a variety of financial instruments, including:

  • Forex Currency Pairs: A wide selection of major, minor, and exotic currency pairs.
  • CFDs on Indices: Major global indices, allowing traders to speculate on market movements.
  • CFDs on Commodities: Including precious metals like gold and silver, as well as energy products.
  • Cryptocurrencies: A selection of popular cryptocurrencies for trading.
  • Stocks: CFDs on shares of various publicly traded companies.

The broker is known for its competitive spreads, starting from 0.1 pips on certain accounts, and leverages up to 1:400, allowing traders to maximize their trading potential. Prospero Global continuously updates its product offerings, ensuring that clients have access to the latest market instruments.

4. Trading Platforms and Technology

Prospero Global exclusively utilizes the MetaTrader 4 (MT4) platform for all trading activities. This platform is widely recognized for its user-friendly interface and robust trading capabilities, making it suitable for both novice and experienced traders.

Key features of the trading platform include:

  • Web-based Trading: Accessible from any device with an internet connection.
  • Mobile Trading: Available on both iOS and Android, allowing traders to manage their accounts on the go.
  • Market Execution: Ensures that orders are executed at the best available prices.
  • API Access: Supports automated trading strategies and algorithmic trading.

The infrastructure supporting Prospero Global's trading operations is designed to provide fast and reliable execution, with servers positioned strategically to enhance performance and minimize latency.

5. Account Types and Trading Conditions

Prospero Global offers two primary account types for traders:

  • Standard Account: Requires a minimum deposit of $100 with spreads starting from 0.5 pips and no commission fees.
  • VIP Account: Requires a minimum deposit of $3,000, offering tighter spreads from 0.1 pips but incurs a commission fee of $3.5 per full lot.

Additionally, Prospero provides a demo account option for traders to practice without any financial risk. The leverage offered varies based on account type and product, with a maximum of 1:400 available for most instruments.

Traders can also benefit from features such as overnight fees, which are applied to positions held past a certain time, and the minimum trading lot size is 0.01 lots.

6. Funds Management

Prospero Global supports a variety of funding methods for deposits and withdrawals, ensuring flexibility for traders:

  • Deposit Methods: Include bank transfers, credit/debit cards, and electronic payment systems.
  • Minimum Deposit Requirement: The minimum deposit is set at $100 for the standard account and $3,000 for the VIP account.
  • Withdrawal Methods: Similar to deposit methods, with no fees for bank card withdrawals.
  • Processing Times: Deposits via bank transfer may take several business days, while credit/debit card deposits are processed within 1-2 hours.
  • Withdrawal Processing Times: Typically processed within 24 hours, depending on the method chosen.

Prospero Global does not charge deposit fees, and withdrawal fees may apply depending on the selected method.

7. Customer Support and Educational Resources

Prospero Global is committed to providing excellent customer support, available through multiple channels:

  • Support Channels: Email, live chat, and support tickets.
  • Service Hours: Support is available 24/5 during weekdays, although there is no call center option.
  • Languages Supported: Primarily English, with additional support for various languages based on client needs.
  • Educational Resources: The broker provides access to a range of educational materials, including webinars, tutorials, and market analysis reports to assist traders in improving their skills.

Market analysis services are also offered, including daily insights and research reports to help traders make informed decisions.

8. Regional Coverage and Restrictions

Prospero Global primarily serves clients in various regions, with a focus on markets in Australia and parts of Asia. However, the broker does impose certain restrictions on account openings:

  • Countries Served: Mainly Australia and select regions in Asia.
  • Regional Offices: The broker has expanded its operations with offices in several countries.
  • Restricted Countries: Services are not available to residents of North Korea, Japan, and certain other jurisdictions.

These restrictions are in place to comply with local regulations and to ensure a secure trading environment for all clients.

In conclusion, Prospero Global presents a competitive option for traders looking for a reliable CFD broker with a diverse range of products and services. With its strong emphasis on transparency, regulatory compliance, and customer support, it aims to cater to the needs of both novice and experienced traders in the dynamic forex market.

Latest Reviews

FX5179656533

FX5179656533

Hong Kong

Just like the picture. I deposited $2,266 on June 10 without any trading. However, over $800 was deducted on 15th. No explanation yet

Exposure

2021-06-16

victor

victor

Hong Kong

I logged in to my account to trade and found that my profits were deducted

Exposure

2021-06-21

东训®

东训®

Hong Kong

Puhua Financial’s Prospero platform deliberately changed its position at 0:07 on July 2, 2021, the market time, causing customers to liquidate their positions and directly lose more than 60,000 US dollars. This point is not available on other platforms. The unavailable points appeared on the market. Haha, you can check other regular platforms. The spread was about 120 points when the market opened. There is no bottom line to widen the spread, and the platform negotiated a compensation of 20,000 US dollars. It’s also famous for taking care of customers’ feelings. Here I thank you. Putting the account in warehouse B did not intend to make customers profitable. I kept saying that it is a formal platform, open and transparent, not cheating traders, but behind the scenes privately. Change the position, let the customer liquidate the position, unpredictable, please pay attention to the trader

Exposure

2021-07-06

Sandence

Sandence

Taiwan

Spreads are low, but customer service could be quicker to respond. Still, love the trading experience overall.

37130

2024-08-06

nues

nues

South Africa

Like their high leverage and low spreads!

Positive

2024-04-19

禅心看世界✨

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

Prospero Forex Broker has an overall rating of 1.70, Regulatory Index 0.00, License Index 0.00, Business Index 8.00, Software Index 4.37 Risk Control Index 0.00.