Forex Prospero Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.8

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.0

Business 1.3

Risk Control 1.6

Software 2.3

Regulatory 1.8

Terminal Snapshot

Prospero Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email enquiries@prosperoglobal.com

Contact Number N/A

Website www.prosperoglobal.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
User-friendly trading platforms like MetaTrader 4 with advanced features
24/5 customer support via email, live chat, and telephone
Competitive trading conditions with low spreads and no commissions on standard accounts
Flexible account types catering to both beginners and experienced traders

Cons

Not regulated by a recognized financial authority
Concerns regarding safety of client funds
No fund protection measures in place
Limited educational resources for traders
Potential withdrawal fees not disclosed

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Prospero	Anzo Capital	Focus Markets	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.8/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Prospero Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and casual traders	Low spreads, no commission	Minimum deposit may apply
Professional Account	Experienced traders	Tight spreads, commission-based	Higher minimum deposit required

Account Opening Process

To open an account with Prospero, traders must complete several steps. Initially, they will need to provide personal information, including employment and financial details. Next, identity verification is required, which includes submitting an ID and proof of address. The process is designed to ensure compliance and security. Additionally, traders have the flexibility to upgrade their accounts later, such as moving from a standard to a professional account as their trading needs evolve.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.5	$0 (Standard Account)	Low spreads for major pairs
Forex (Minor Pairs)	1.0	$0 (Standard Account)	Standard spreads apply
CFDs (Stocks)	Variable	Starting from $3.5 per lot	Market spreads apply
CFDs (Indices)	Variable	Starting from $3.5 per lot	Market spreads apply
CFDs (Commodities)	Variable	Starting from $3.5 per lot	Market spreads apply
Cryptocurrencies (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

Additional fees may include charges for deposits and withdrawals, inactivity fees for dormant accounts, and any platform usage fees if applicable. Overnight interest rates may also apply, commonly referred to as swap rates, along with potential currency conversion fees when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Prospero User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

James Thompson

New York, USA

★ ★ ★ ★ ★

I faced significant delays when trying to withdraw my funds. Customer support was not very responsive, which added to my frustration. I hope they can improve their withdrawal process and support services in the future.

Emily Smith

Toronto, Canada

★ ★ ★ ★ ★

I’ve had a mostly positive experience with Prospero. The trading platform is user-friendly, and I appreciate the variety of instruments available. However, I feel that more educational resources would be beneficial for beginners.

Carlos Garcia

Madrid, Spain

★ ★ ★ ★ ★

I was extremely disappointed with my experience. My withdrawal requests took too long to process, and I received little help from customer support. I cannot recommend this broker based on my experience.

Sarah Johnson

Sydney, Australia

★ ★ ★ ★ ★

Prospero has been fantastic for my trading needs! The MetaTrader 4 platform is excellent, and I love the low spreads on major pairs. Customer service has been helpful when I’ve had questions. I highly recommend them!

Saint Vincent and the Grenadines Market