Score
Saint Vincent and the Grenadines
|
10-15 years
| https://www.prosperomarkets.com/en
Website
Rating Index
Influence
D
Influence index NO.1
India 2.49
LicensesLicensed Entity：Prospero Markets Pty Ltd
License No. 423034
Saint Vincent and the Grenadines
prosglb.com
propuhua.com prosperomarkets.comNote: Prospero's official website - https://www.prosperoglobal.com/ is currently inaccessible normally.
| Prospero Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Australia |
| Regulation | ASIC (Revoked) |
| Market Instruments | Forex, precious metals, commodities, stock indices, equity CFDs, VIX, energy, color metals, agriculture |
| Demo Account | / |
| Leverage | Up to 1:400 |
| EUR/USD Spread | 0.1 pips |
| Trading Platform | MT4, MT5 |
| Min Deposit | $100 |
| Customer Support | Contact form |
| Tel: +61 1300 768 888 | |
| Email: support@prosperoglobal.com | |
| WeChat: prospero_markets | |
| Facebook: 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 | Cons |
| Diverse tradable assets | Non-functional website |
| Commission-free accounts offered | Revoked ASIC license |
| MT4 & MT5 platform | |
| Popular payment options |
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 |
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 | ❌ |
Prospero provides two main types of accounts: Standard and VIP (ECN) accounts.
| Account Type | Min Deposit |
| Standard | $100 |
| VIP (ECN) | $3 000 |
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 |
| Account Type | Spread | Commission |
| Standard | From 0.5 pips | ❌ |
| VIP (ECN) | From 0.1 pips | From $3.5 per side |
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 |
Prospero claims to support payments through VISA, Mastercard, Neteller, Tether, and USDT Payment.
The liquidation of Prospero Markets involves $20 million in client trust funds, $4.5 million in the company’s assets, and $400,000 held in Singapore.
PROSPERO MARKETS is an Australian financial services provider based in Melbourne, offering investors trading services in foreign exchange, equities, indices, CFDs, and other financial derivatives.
Licensed in 2012, Prospero is committed to providing traders with professional education sources and high quality learning materials. Meanwhile, Prospero attaches great importance to traders in addition to offering them crazy experience of CFD trading.
The main pro is that Prospero was once regulated by ASIC, which provided some legitimacy. However, the con is the revoked status, meaning there’s no protection from regulatory bodies now. I wouldn’t risk engaging in high-stakes Prospero trading without clearer oversight.
Prospero offers leverage up to 1:400, which can amplify both profits and losses. As a responsible trader, I would use leverage cautiously when Prospero trading to avoid significant risks, especially since high leverage increases exposure to large fluctuations.
Prospero offers a variety of trading instruments including forex, precious metals, commodities, stock indices, equity CFDs, VIX, energy, color metals, and agriculture. This diverse range makes it attractive for traders like me, but I would still be careful about the risks involved due to the lack of regulation when using a Prospero account.
Yes, Prospero charges commissions on the VIP (ECN) account at $3.5 per side. The Standard account, however, is commission-free, which I prefer for less active trading. When I use a Prospero account, I look for transparent fees, and the Standard account would be ideal for that.
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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
FX8319321191
Hong Kong
I kept waiting, unable to withdraw money, the account manager could not reply, and the online customer service did not give a withdrawal time!
Exposure
10%
Hong Kong
Deposit and trading are allowed. But withdrawal is not allowed and customer service just ignored it. The amount in my account including principal and profit are just hundreds of dollars, but I can't withdraw it. Ehhhh
Exposure
Sandence
Taiwan
Spreads are low, but customer service could be quicker to respond. Still, love the trading experience overall.
Neutral
nues
South Africa
Like their high leverage and low spreads!
Positive
冰糖2049
Hong Kong
I have been withdrawing money for a month. The withdrawal on October 30 was not processed until November 18. So far, it has not been received. Customer service has made various excuses.
Exposure
L1545
Hong Kong
Prosper account: 10006112 (247,416.43 US dollars, 50,000 US dollars will be deducted on November 1, 2023 (only 5.9 RMB), current value is 197,416.43 US dollars) Withdrawal on October 26,2023: 80,000 US dollars (no deduction) Withdrawal on October 27, 2023: 50,000 US dollars (debited, 59,000 RMB will be credited on November 1, the rest has not yet arrived) Withdrawal on October 30, 2023: 117,416 US dollars (no deduction)
Exposure
FX3775019294
Hong Kong
I applied for a withdrawal of US$3,122 on the 28th of last month, but only part of it has been received so far. Customer service asked me to wait, and still no answer. At the same time, another withdrawal is also displayed as being processed.
Exposure
禅心看世界✨
Hong Kong
Account number: 10006231 Withdrawal amount on October 26, 2023: 40,000 US dollars (no deduction) Withdrawal amount on October 30, 2023: 46,940 US dollars (no deductions) Today is November 13th and still no payment has been deducted. I contacted online customer service and said there was a channel problem. They said it would be processed in a week from the 1st, but now they say it will take another two weeks, which keeps delaying the time.
Exposure
58K
Hong Kong
it’s been two weeks since you made the withdrawal and it still hasn’t arrived. your withdrawal request from Prospero global account 10023992 has been successfully submitted on 2023-10-30 09:23:14
Exposure
KM60228
Hong Kong
It has been two weeks since the withdrawal has not arrived. Account 10022855 has submitted a withdrawal application 3514.60 2023-10-30 14:22
Exposure
启航1534
Hong Kong
The funds withdrawn on October 30 have not arrived. Please handle it. Thank you.
Exposure
难。
Hong Kong
Since the withdrawal on 10.31, it has not been processed until now. It is said that something happened to the channel and it is being rebuilt. It will take another two weeks. Is it about to run away? ? ?
Exposure
加一
Hong Kong
It has been a week since I applied for a withdrawal, and it is still being processed, and the customer service has not responded. Does stopping the business now mean that I can’t withdraw? ? ?
Exposure
段小超
Hong Kong
Unable to withdraw money, customer service was evasive. I applied for a withdrawal three days ago, but got no reply. Please be careful.
Exposure
黄昏追逐黎明
Hong Kong
It’s been over a week, why not expose that it doesn’t allow withdrawals? Not a segregated account at all.
Exposure
FX3775019294
Hong Kong
It's been a week since I submitted my withdrawal request, and it's still being processed. I don’t know if it will run away.
Exposure
万手哥在吃面
Hong Kong
The platform is no longer able to withdraw funds. Today is already the 10th day and the money still has not been received.
Exposure
Somsak2827
Sweden
Update for those who may need it
Positive
Tan1730
Sweden
Prospero
Positive