PROSPERO Scam or Safe Broker?

PROSPERO is an Australian financial services provider based in Melbourne, offering investors trading services in foreign exchange, equities, indices, CFDs, and other financial derivatives. Prospero Markets has been regulated by ASIC in Australia since 2012 and holds a full license under its authorization, regulatory license number 423034. With a track record of 10-15 years, Prospero specializes in market making (MM) and holds a full license for MT4/5.

Account Types

Prospero offers two main types of account options: Standard and VIP (ECN) accounts. The Standard account requires a minimum deposit of USD 100, while the VIP account requires a higher minimum deposit of USD 3,000. The Standard account offers a spread starting from 0.5 pips, while the VIP account provides a spread starting from 0.1 pips. There is no commission charged for trades in the Standard account, whereas the VIP account incurs a commission fee starting from 3.5 USD per side. Both account types offer leverage up to 400:1, allowing traders to amplify their trading positions.

Trading Platforms Available

PROSPERO MARKETS provides traders with the popular MetaTrader 4 (MT4) trading platform, which offers a range of features and tools to facilitate trading. The MT4 platform is known for its versatility and flexibility in implementing trading strategies of any complexity. It offers 23 charting tools and 30 self-contained technical indicators, allowing traders to analyze market trends and make informed decisions. The platform supports various order types, including market orders, pending orders, stop-loss, and take-profit orders. Traders can also take advantage of powerful charting features and automated trading support through Expert Advisors (EAs). The platform is available for download on Windows, Apple iOS, Google Play, APK, and Mac.

Leverage

Leverage is a fundamental aspect of trading that allows market participants to amplify their exposure to financial instruments without having to commit the full capital amount. Prospero Markets, like many other brokers, offers leverage to its clients. The specific leverage ratios provided by Prospero Markets vary depending on the instrument being traded. Prospero Markets offers low spreads for various trading instruments.

Spreads & Commissions

In terms of commissions, Prospero Markets operates with a commission structure that varies depending on the type of account. For standard accounts, no commission is charged, which can be beneficial for traders who prefer to trade without incurring additional costs. On the other hand, ECN (Electronic Communication Network) accounts are subject to a bilateral.

Deposit and Withdrawal

EFT - Electronic Fund Transfer: The EFT system is recommended for depositing and withdrawing funds with PROSPERO. The execution time for these transactions is typically up to two business days. Clients are not charged any fees for using this method. However, in order for the funds to be credited to their trading account, clients must provide a copy of the proof of transfer, such as a transfer receipt or screenshot, to enquiries@prosperoglobal.com.

USDT Payment: PROSPERO accepts payments in the form of USDT through BTC, ERC20, or TRC channels. Deposits using this method typically take 5-10 minutes to process, while withdrawals may take 1-2 working days. A fee of Multi-Currency Bank Transfer: PROSPERO supports local bank transfers in various currencies, including THB, PHP, IND, VND, and CNY. Deposits using this method usually take 5-10 minutes to process, while withdrawals may take 2-3 working days. There are no transaction fees associated with this type of transfer. The minimum and maximum transaction sizes may vary depending on the currency involved, so clients are advised to contact enquiries@prosperoglobal.com for more information.

Customer Support

Customer Support at Prospero is available 24 hours a day. One of the ways to get in touch with Prospero's customer support is by completing a form on their website. After submitting the form, an account manager will contact the customer to address their questions or concerns.

For general inquiries, customers can send an email to enquiries@prosperoglobal.com. This email address is specifically mentioned for English-language support. By reaching out via email, customers can provide detailed information about their queries, and Prospero's support team will respond accordingly.

Another option to contact Prospero is through phone support. Customers can dial the number +61 1300 768 888 to directly speak with a customer support representative.

Reviews

When we searched for reviews on Wikifx about this broker. We discovered first, it is tregulated broker with 8.21 rating out of 10, which is satisfactory scores for a investor. People are really happy with Prospero‘s service. Here are the screenshot of people’s reviews. Have a look at them and see what they say about it .

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