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Prosperous Forex broker specializes in providing foreign exchange trading services, the company's official website https://user.profint..., the company's legitimate regulatory information to enhance the security of the company's address

Prosperous Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Prosperous Group Ltd
Abbreviation
Prosperous
Company employee
--
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

How to login to Prosperous ?
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Prosperous Forex Broker - Complete Information Guide

1. Broker Overview

Prosperous is an offshore forex brokerage known for its ambitious offerings in the trading sector. Established recently, the exact founding year remains unspecified, but it operates under the name Prosperous.Online. The broker claims to be headquartered in an unspecified offshore location, which raises concerns about its transparency and regulatory compliance. As an anonymous entity, it has not disclosed any legal information regarding its registration or address, leading many to question its legitimacy.

The core market for Prosperous includes retail forex traders, as well as clients interested in cryptocurrency investments. The broker markets itself as a versatile platform, promising access to a variety of trading instruments, including forex, stocks, commodities, crypto, bonds, and indices. However, the lack of detailed information about its operational history and milestones makes it challenging to assess its development trajectory.

Given its anonymous nature, Prosperous does not appear to have a parent company or group affiliation, which further complicates its credibility. The business model primarily revolves around retail forex trading, but it also claims to cater to institutional clients. However, without clear evidence of its operational capabilities and regulatory compliance, potential clients should approach this broker with caution.

2. Regulatory and Compliance Information

Prosperous operates without any known regulatory oversight, which is a significant red flag for potential traders. The absence of licensing information and regulatory numbers raises concerns about the safety of client funds and the legitimacy of its operations.

  • Regulatory Bodies: The broker does not appear to be under the supervision of any recognized financial authority, which is a common practice among reputable brokers.
  • License Validity and Scope: No information is available regarding any licenses or their validity, indicating that Prosperous might be operating illegally or in a highly unregulated environment.
  • Legal Entities: The broker does not provide details about its legal entity structure, making it difficult for clients to ascertain their rights and protections.
  • Client Funds Segregation Policy: No information regarding the segregation of client funds has been disclosed, which is essential for ensuring the safety of traders' investments.
  • Investor Compensation Fund Participation: There is no mention of participation in any investor compensation schemes, which further heightens the risk for potential clients.
  • KYC and AML Compliance Measures: The broker's approach to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance remains unclear, posing additional risks for traders.

Given these factors, it is advisable for traders to seek out regulated brokers that offer transparency and accountability in their operations.

3. Trading Products and Services

Prosperous claims to offer a diverse range of trading products, though specific details are limited.

  • Forex Currency Pairs: The broker advertises access to a wide variety of forex currency pairs, although the exact number of available pairs is not specified.
  • CFD Product Categories: Prosperous purportedly provides Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies. However, the lack of detailed information about these products raises questions about their availability and trading conditions.
  • Unique Trading Offerings: There is no indication of any unique or proprietary trading instruments that set Prosperous apart from other brokers.
  • Product Update Frequency: The broker has not disclosed how frequently it updates or adds new trading products, which is important for traders seeking variety in their investment options.
  • Retail Trading Services: The focus appears to be on retail traders, but specific account types and trading conditions have not been detailed.
  • Institutional Client Services: There is little information available regarding services for institutional clients, suggesting that the broker primarily targets retail investors.
  • White Label Solutions and Asset Management Services: There is no mention of white label solutions or asset management services, which are common offerings among more established brokers.

Due to the lack of transparency and detailed information, potential clients should be cautious when considering Prosperous for their trading needs.

4. Trading Platforms and Technology

Prosperous offers access to the widely used trading platform, MetaTrader 5 (MT5). However, the broker's provision of this platform raises concerns due to the unverified nature of its software distribution.

  • MetaTrader 4/5 Support: The broker supports MT5, which provides advanced trading features and analytics. However, the legitimacy of the platform's download link has been questioned.
  • Proprietary Platform Details: No information is available regarding any proprietary trading platforms developed by Prosperous.
  • Web-Based Trading Platform: The status of a web-based trading platform is not specified, which is a common requirement for modern brokers.
  • Mobile Application: There is no mention of a mobile trading application for iOS or Android, which is crucial for traders seeking to manage their accounts on the go.
  • Execution Modes: The broker does not specify its execution model, whether it operates on an ECN, STP, or Market Making basis, which is vital for understanding trading costs.
  • Server Locations and Technical Infrastructure: Details about server locations and technical infrastructure are not provided, raising concerns about latency and reliability.
  • API Access and Automated Trading Support: There is no information on API access or support for automated trading, which are essential features for advanced traders.

The lack of comprehensive information regarding trading platforms and technology suggests that Prosperous may not be adequately equipped to meet the needs of serious traders.

5. Account Types and Trading Conditions

Information about account types and trading conditions at Prosperous is sparse, making it difficult for potential clients to evaluate their options.

  • Standard Account Conditions: The broker has not disclosed minimum deposit requirements, spreads, or commission structures for its accounts, which are critical for traders.
  • Advanced Account Types: There is no mention of advanced account types such as VIP or professional accounts, which typically offer better trading conditions.
  • Special Accounts: The availability of special accounts, such as Islamic accounts or corporate accounts, is not specified.
  • Demo Account Policy: Information regarding the availability of demo accounts for practice trading is not provided.
  • Leverage Ratios: The broker has not disclosed leverage ratios, which can significantly impact trading strategies.
  • Minimum Trade Sizes: There is no mention of minimum trade sizes, which is essential for traders to understand their risk exposure.
  • Overnight Fees Policy: Details regarding overnight fees or swap rates are not provided, leaving traders uncertain about potential costs.

The lack of clear information regarding account types and trading conditions is a significant drawback for Prosperous, as it may deter potential clients.

6. Fund Management

Prosperous provides limited information regarding its fund management policies, which is crucial for traders concerned about the safety and accessibility of their funds.

  • Supported Deposit Methods: The broker has not specified the deposit methods available, such as bank transfers, credit cards, or e-wallets.
  • Minimum Deposit Requirements: There is no information regarding minimum deposit requirements for different account types.
  • Deposit Processing Times: The broker has not disclosed how long deposits take to process, which is essential for traders needing quick access to funds.
  • Deposit Fees: There is no mention of any deposit fees, which can affect the overall cost of trading.
  • Withdrawal Methods and Restrictions: Information regarding withdrawal methods and any associated restrictions is not provided.
  • Withdrawal Processing Times: The broker has not indicated how long it takes to process withdrawals, which can impact traders' liquidity.
  • Withdrawal Fee Structure: Details about the fee structure for withdrawals are not specified, leaving traders in the dark about potential costs.

The lack of transparency in fund management policies is a significant concern for potential clients of Prosperous.

7. Customer Support and Educational Resources

Prosperous offers minimal information regarding its customer support and educational resources, which are vital for traders seeking assistance.

  • Support Channels: The broker has not specified the available support channels, such as phone, email, live chat, or social media.
  • Service Hours and Time Zone Coverage: There is no information regarding customer support hours or the time zones covered.
  • Multilingual Support: The broker has not indicated whether it provides support in multiple languages, which is important for a global client base.
  • Types of Educational Resources: Information regarding educational resources, such as webinars, tutorials, or e-books, is not provided.
  • Market Analysis Services: There is no mention of daily analysis, news updates, or research reports that could assist traders in making informed decisions.
  • Trading Tools: The availability of trading tools, such as calculators, calendars, or signal services, is not specified.

The lack of robust customer support and educational resources is a significant drawback for traders considering Prosperous.

8. Regional Coverage and Restrictions

Prosperous claims to serve a global market, but specific details regarding its regional coverage and restrictions are limited.

  • Primary Service Markets: The broker appears to target a wide range of markets, but specific countries or regions are not disclosed.
  • Regional Office Distribution: There is no information about the distribution of regional offices, which could impact client support.
  • Countries/Regions Not Accepted: The broker has not specified any countries or regions from which it does not accept clients.
  • Special Restrictions: There is no mention of any special restrictions that might apply to certain clients or regions.

The lack of clarity regarding regional coverage and restrictions adds to the uncertainty surrounding Prosperous and its operations.

In conclusion, while Prosperous presents itself as a promising forex broker, the lack of transparency, regulatory oversight, and detailed information about its services raises significant concerns. Potential traders should exercise caution and consider more established and regulated brokers to ensure their investments are secure.

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Prosperous Forex Broker has an overall rating of 1.38, Regulatory Index 0.00, License Index 0.00, Business Index 6.02, Software Index 4.00 Risk Control Index 0.00.
Prosperous