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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 Making(MM) Revoked

High potential risk

https://www.prosperoglobal.com

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Comparison

Quantity 129

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index8.42

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 : 2024-12-23
  • 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

The funds withdrawn on October 30 have not been processed.

The funds withdrawn on October 30 have not arrived. Please handle it. Thank you.

2023-11-09 19:50
Unable to Withdraw

Cannot withdraw money on Prosper

Unable to withdraw money, customer service was evasive. I applied for a withdrawal three days ago, but got no reply. Please be careful.

2023-11-06 12:09
Unable to Withdraw

Unable to withdraw funds

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? ? ?

2023-11-06 12:42
Unable to Withdraw

I have withdrawn money for half a month, but only part of it has been received.

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.

2023-11-15 01:35
Unable to Withdraw

Why not expose that it does not allow withdrawals?

It’s been over a week, why not expose that it doesn’t allow withdrawals? Not a segregated account at all.

2023-11-02 22:22
Resolved

It’s been two weeks since I made the withdrawal and it still hasn’t arrived.

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

2023-11-10 13:02
Unable to Withdraw

It’s been two weeks since I made the withdrawal and it still hasn’t arrived.

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

2023-11-10 13:12
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.

2024-02-28 11:24
Unable to Withdraw

Unable to withdraw funds

The platform is no longer able to withdraw funds. Today is already the 10th day and the money still has not been received.

2023-11-02 08:35
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!

2024-02-19 13:32
Unable to Withdraw

Unable to withdraw funds

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? ? ?

2023-11-08 23:22
Unable to Withdraw

Unable to withdraw money, it will be a month soon. 247,416.43 US dollars, currently only 59,000 RMB has been received

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)

2023-11-24 13:31
Unable to Withdraw

It's been a week, and the contrast before and after is too great. Deposits are received in real time, and withdrawals are shown as being processed even after a week!

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.

2023-11-02 09:02
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.

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

2024-01-14 14:12
Unable to Withdraw

No withdrawals will be possible starting from October 26, 2023

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.

2023-11-13 14:13
    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

    17

    Comments

    Write a review

    Sandence
    more than one year
    Spreads are low, but customer service could be quicker to respond. Still, love the trading experience overall.
    Spreads are low, but customer service could be quicker to respond. Still, love the trading experience overall.
    Translate to English
    2024-08-06 18:30
    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+