Score
Prospero
Saint Vincent and the Grenadines|10-15 years| https://www.prosperoglobal.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Prospero Markets Pty Ltd
License No.：423034
Single Core
1G
40G
1M*ADSL
- 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!
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 riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
prosglb.com
Server Location
United States
Website Domain Name
prosglb.com
Server IP
172.67.143.166
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propuhua.com
Server Location
Australia
Website Domain Name
propuhua.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2023-02-16
Server IP
47.74.89.122
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prosperoglobal.net
Server Location
Hong Kong
Website Domain Name
prosperoglobal.net
Server IP
47.75.108.185
Genealogy
VIP is not activated.
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Company Summary
Note: 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 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.
Keywords
- Stoppage of Business
- 10-15 years
- Suspicious Regulatory License
- Self-developed
- Suspicious Scope of Business
- Australia Market Making(MM) Revoked
- High potential risk
News
News Prospero 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.
2024-07-11 16:35
News PROSPERO 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.
2023-07-07 19:26
News Prospero | 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.
2023-03-21 18:04
Review 141
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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
02-28
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
02-19
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
01-14
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
2023-11-29
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
2023-11-24
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
2023-11-15
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
2023-11-13
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
2023-11-10
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
2023-11-10
启航1534
Hong Kong
The funds withdrawn on October 30 have not arrived. Please handle it. Thank you.
Exposure
2023-11-09
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
2023-11-08
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
2023-11-06
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
2023-11-06
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
2023-11-02
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
2023-11-02
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
2023-11-02
宏哥811
Hong Kong
In early October 2023, a salesman tricked me into opening an account at Prosper. On October 18, I made a deposit. On October 29, the salesperson called me and said that there was a problem with the platform’s withdrawal channel, and that withdrawals would be slow and it would take about a week to arrive. So on the morning of October 30, I closed all the orders in my account and started withdrawing money. As a result, the salesman called me again at noon and the withdrawal channel was blocked and I could no longer withdraw money. I have a recording of the phone call.
Exposure
2023-10-30
黄昏追逐黎明
Hong Kong
I applied for a withdrawal on October 26, but it always showed that it was being processed, and no reply was sent to the email.
Exposure
2023-10-29
FP Markets官方直招IB
Hong Kong
I made a deposit in Prosper before and lost money in the transaction. Prosper gave me a bonus of $7600. Every time a transaction is made, the profit can be withdrawn. I recently made a profit of more than 500 US dollars, and I also raised it. But prosper maliciously canceled the bonus. I want to complain, prosper has no principle in doing things and treats customers casually.
Exposure
2023-08-24
LE THANH HAI
Vietnam
Withdrawal order is made 9 days. There is gmail notifying withdrawal order but not seeing the money back. Can I withdraw or not, there is no gmail report. Big floor but lack of prestige
Exposure
2023-08-17