A Summarized Information About Prospero Markets

Regulation & General Information

PROSPERO MARKETS is a Melbourne-based Australian financial services firm that provides investors with trading services in foreign exchange, stocks, indices, and CFDs, as well as other financial derivatives.

Since 2012, PROSPERO MARKETS has been governed by ASIC in Australia, and it possesses a complete license under its authorization, regulatory license number 423034.

Instruments of the Market

PROSPERO MARKETS offers a variety of financial trading assets to investors, including foreign exchange, precious metals, commodities, stock indexes, equities CFDs, and VIX.

The Minimum Deposit

PROSPERO MARKETS provides two kinds of trading accounts: Standard and Professional ECN accounts. The minimum initial deposit for a normal account is AUD500, while the maximum deposit for an ECN account is AUD20,000. PROSPERO MARKETS has established unusually strict conditions for creating an account, so investors should be wary of the hazards involved.

Leverage at Prospero Markets

Trading leverage varies according to the instrument. PROSPERO MARKETS' maximum trading leverage is 1:400 for major currencies, 1:100 for indices, 1:400 for gold, 1:100 for spot silver, and 1:100 for futures. As a typical Australian broker, Prospero Markets provides such high leverage.

Commissions & Spreads

PROSPERO MARKETS offers a minimum spread of 0.1 pip for EURUSD, 0.5 pip for EURGBP, 1.5 pip for spot gold, 2.5 pip for USOIL, 3.0 pip for UKOIL, and 2.6 pip for US30. Standard accounts incur no cost, but ECN accounts incur a bilateral commission of AUD2 or AUD3.

Platforms for Trading Are Available

PROSPERO MARKETS provides traders with the popular MT4 trading platform, which includes 23 charting tools and 30 self-contained technical indicators, as well as automatic EA trading support, including market orders, pending orders, stop-loss, and take-profit levels, and powerful charting tools to assist traders in implementing complex trading strategies.

Withdrawal and Deposit

PROSPERO MARKETS allows traders to transfer cash by local transfer (within two business days), BPAY (within two business days), VISA/MasterCard credit & debit cards (within two hours), PayPal (within 1-2 hours, a 3% withdrawal charge), and international wire transfer (within 5 business days).