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.

Prospero tips: Since its inception 10-15 years ago, the company has obtained an MM license from ASIC, boasting a class-AA trading environment and WikiFX rating of 8.20.

About contest

Thank you very much for your recognition of the Demo Trading World Cup and sincerely welcome you to the world of WikiTrade. So can you tell us what make you participate in the demo trading contest？

Prospero wanted to support and help grow the trading community through providing cutting-edge educational resources for traders to enhance their financial knowledge and learn from experienced traders to improve their trading results. As investment is such an important aspect of growing one's personal wealth , we would like to invite more people to come and explore new methods of accessing the financial markets and more efficient use of their capital.

What opportunities has the contest brought to your companys business？

To Prospero, the contest is not only a method of increasing our brand awareness in the global region , it also gave us a snap shot of different traders in each region in terms of trading patterns, popular products, trading volumes etc, and provided us with a sample to make business decisions upon.

The demo trading contest is underway. So what do you think of the trading performance of players？

There is a pool of widely diversified trading patterns and each is focused on different things , it is clear that during the competition trading strategies are more aggressive compared to the live trading contests which we have participated in the past. A lot of traders are quite successful on demo accounts, but when they move to live accounts they tend to fail, as the feeling is completely different. A lot of Prospero markets clients through participating in the demo competition have concluded that it is better than to trade on a small funded account, than a demo account, as trading psychology is completely different.

Cooperation with WikiFX

What are your expectations for WikiFX？

We want WikiFX to keep supporting the trading community and offer more trading competitions in the future in collaboration with learning seminars to grow the trading community.

Investment advices

In 2023, what opportunities will investors have when trading and investing in the forex market？

With the current state of the US economy, there will be a lot of opportunities to trade the volatilities of the Forex and Gold markets

About broker

As a broker, what are the differences between you and your rivals？ What are the strengths of your company？

Prospero has a customer first approach where we tirelessly work towards a seamless customer trading experience. We try to be one of the best in the world for spreads/deposit and withdrawal speed and also customer service.

What measures has your company taken to protect users funds？

We hold all customer deposits in segregated accounts and separate from our operational accounts.

How does your company develop the relationship with local media in advertising？

We currently sponsor many online/offline seminars and expos.

Have you considered how to promote your business outside the forex sector to develop the local market？ Do you have some successful approaches？

We are going to start working with KOLs outside the forex sector to provide a wider market of audiences an entryway into learning to trade. Also, as a subsidiary company of the Australian CJ Group, we are already diversified in Real estate, Asset management, Remittance as well as logistics.

About Prospero

Prospero Markets is a professional financial service provider regulated by the Australian Securities and Investment Commission (ASIC), headquartered in Melbourne, Australia. Prospero Markets securities was licensed in 2012 and its regulatory number is afsl: 423 034. The foreign exchange trading products of Prospero Markets securities cover stock CFD, foreign exchange trading, stock index trading, commodity trading, etc.

At the same time, Prospero Markets securities has a team of top Chinese analysts in Australia, and has developed a series of stock CFD and foreign exchange investment education courses and teaching materials, so that investors can have more gains and growth in the trading process.

www.prosperomarkets.com/ Only for Australian Users

www.prosperoglobal.net/ For non-Australian Users