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Prospero -

Score

1.75 /10
Danger

Prospero

Saint Vincent and the Grenadines

Stoppage of Business

10-15 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

Australia Market Maker (MM) Revoked

High potential risk

https://www.prosperoglobal.com/

Influence

D

Add brokers

Comparison

Quantity 129

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index8.44

Risk Management Index0.00

Software Index4.37

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Prospero
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Broker Information

More

Company Name

Prospero Markets LLC

Company Abbreviation

Prospero

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-05-03
  • This broker bas been verified to be stoppage of business, and it has been listed in WikiFX's Stoppage of Business list. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 125 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

129 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

It’s been two months and I can’t withdraw money.

I kept waiting, unable to withdraw money, the account manager could not reply, and the online customer service did not give a withdrawal time!

FX8319321191
2024-02-19 13:32
Unable to Withdraw

I have withdrawn money for a month and it has not arrived yet. The email reply from Prosper is always that withdrawals are full and need to be queued.

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.

BINGTANG2049
2023-11-29 20:47
Unable to Withdraw

Unable to withdraw, customer service didn't reply.

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

10%
2024-01-14 14:12
Unable to Withdraw

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.

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.

CHANXINKANSHIJIE✨
2024-02-28 11:24
Prospero · Company summary

Note: Prospero's official website - https://www.prosperoglobal.com/ is currently inaccessible normally.

Prospero Review Summary
Founded2020
Registered Country/RegionAustralia
RegulationASIC (Revoked)
Market InstrumentsForex, precious metals, commodities, stock indices, equity CFDs, VIX, energy, color metals, agriculture
Demo Account/
LeverageUp to 1:400
EUR/USD Spread0.1 pips
Trading PlatformMT4, MT5
Min Deposit$100
Customer SupportContact 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.

Prospero's homepage

Pros and Cons

Pros Cons
Diverse tradable assetsNon-functional website
Commission-free accounts offeredRevoked 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 TypeMarket Making (MM)
Licensed Number423034
Revoked ASIC license

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❌
What Can I Trade on Prospero?

What Can I Trade on Prospero?

What Can I Trade on Prospero?

Account Type

Prospero provides two main types of accounts: Standard and VIP (ECN) accounts.

Account TypeMin Deposit
Standard $100
VIP (ECN)$3 000
Account comparison

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 ClassMax Leverage
Major currencies1:400
Indices 1:100
Gold
Spot silver
Futures

Spread and Commission

Account TypeSpread Commission
Standard From 0.5 pips❌
VIP (ECN)From 0.1 pipsFrom $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 PlatformSupported Available Devices Suitable for
MT4✔Windows, iOS, MAC, AndroidBeginners
MT5✔Windows, iOS, MAC, AndroidExperienced traders
MT4

Deposit and Withdrawal

Prospero claims to support payments through VISA, Mastercard, Neteller, Tether, and USDT Payment.

Deposit and Withdrawal

News

NewsProspero Markets' $20 Million Dilemma: Liquidation and Client Claims

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.

WikiFX
2024-07-11 16:35
Prospero Markets' $20 Million Dilemma: Liquidation and Client Claims

NewsPROSPERO Scam or Safe Broker?

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.

WikiFX
2023-07-07 19:26
PROSPERO Scam or Safe Broker?

NewsProspero | Take every step carefully - 2023 Demo Trading Contest Interview Series

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.

WikiFX
2023-03-21 18:04
Prospero | Take every step carefully - 2023 Demo Trading Contest Interview Series
About More

User Reviews

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User comment

12

Comments

Write a review

还
more than one year
Great experience with high-quality service. I would like to share my experience with this company as they have charged low brokerage despite providing me with the best online trading service, better products to work on, team support and management of the money invested properly.
Great experience with high-quality service. I would like to share my experience with this company as they have charged low brokerage despite providing me with the best online trading service, better products to work on, team support and management of the money invested properly.
Translate to English
2023-02-27 16:50
Reply
0
0
nues
more than one year
Like their high leverage and low spreads!
Like their high leverage and low spreads!
Translate to English
2024-04-19 11:56
Reply
0
0
99+