Prospero Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-18 12:28

Abstract：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 $3 000 respectively. We regard this broker as an unwise choice due to the lack of regulation and website inaccessibility.

　　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