ProsperityFX Review (Prosperity4X) 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MT4
- 2013
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MT4
- 2013
Our Evaluation of ProsperityFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
ProsperityFX is a high-risk broker with the TU Overall Score of 2.38 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ProsperityFX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. ProsperityFX ranks 376 among 417 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
ProsperityFX is a broker for professional traders who prefer long-term strategies and algorithmic trading.
Brief Look at ProsperityFX
ProsperityFX (Prosperity4X) is a conservative broker that provides classic services of access to international financial markets for professional traders. The emphasis is on professional trading. Trading conditions are designed in such a way that they will be unprofitable for novice traders with a turnover of 1-2 lots per month. In return, ProsperityFX guarantees a spread without fundamental expansion and a high order execution speed.
- Transparency and minimalism of trading conditions.
- Can apply any strategies.
- Trades in cryptocurrencies are available.
- High liquidity. No spread widening at the time of a flat or a fundamental price surge.
- Attractive terms of the affiliate program.
- Lack of a regulatory license.
- The inability to replenish the deposit using electronic wallets.
- Fixed commissions on almost all types of accounts for each lot held.
TU Expert Advice
Financial expert and analyst at Traders Union
The policy of ProsperityFX is: "Our deeds and achievements speak for themselves." The broker does not have a license from any regulator, but the site is constantly updated, the FAQs section mentions that the broker's team is working on its legal documents which, when finalized, will allow it to obtain licenses from several regulators. On the broker's website, there is no information about where its offices are located, but serious-minded traders will find a reference of Saint Vincent and the Grenadines in the Terms & Conditions. By the way, the United States is not among the list of countries in which the broker works.
Trading conditions. Everything is very secretive here as well. ProsperityFX discloses information only to those who are eager to open an account and make trades. From the general conditions on the site, only spreads for several types of accounts and fixed commissions are indicated. They are high, which is a filter to keep out beginners who often leave after only a few opening trades. The broker is aimed at professional traders who will consistently open trades. Therefore, there are no training materials here. But the support responds quickly, clearly, and competently.
There are no commissions for withdrawing money or any restrictions. But the list of affiliates includes only bank payment systems and BTC. This is partly a plus - traders working through wallets rarely pay tax. This does not work with banks. Therefore, this is an indicator of the seriousness of the broker and the transparency of its work. In general, the broker makes a positive impression, but the trading conditions for novice traders with small trading volumes are not favorable.
- You value clarity and simplicity in your trading experience, preferring straightforward terms and conditions without hidden complexities.
- You want the freedom to employ various trading strategies, whether it's quick scalping, daily trading, or long-term investments.
- You're interested in exploring the world of cryptocurrencies alongside traditional assets, as this broker offers access to a diverse range of digital currencies for trading.
- Regulatory compliance is a significant concern for you, as this broker operates without a valid license from reputable financial authorities. This lack of regulation may raise security and oversight issues.
- You primarily rely on electronic wallets for depositing funds, as this broker may not support such payment methods. This limitation could restrict your options when depositing funds into your trading account.
ProsperityFX Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4 |
|---|---|
| 📊 Accounts: | Demo, Standard, Pro, VAR, Mini |
| 💰 Account currency: | USD, GBP, EUR, CAD, AUD, and BTC |
| 💵 Replenishment / Withdrawal: | Visa, Mastercard, ВТС, bank transfer |
| 🚀 Minimum deposit: | From $50 for standard accounts; from $25 for the Mini account |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.4-1.2 pips depending on the account type |
| 🔧 Instruments: | Over 200 instruments, including stock assets and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No data |
| 🏛 Liquidity provider: | No data |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | None |
| 🎁 Contests and bonuses: | Yes |
The ProsperityFX broker offers five types of accounts, including an analog of the Mini cent account. The number of assets on all accounts, except for the Mini account, is more than 200, including currency pairs. Leverage is up to 1:500, but its maximum value depends on the type of asset and the state of the market. The minimum is for individual stock indices, stocks, and cryptocurrencies. During a period of increased volatility, the broker has the right to reduce the maximum leverage level.
ProsperityFX Key Parameters Evaluation
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Trading Account Opening
Register on the Traders Union website before opening an account with ProsperityFX. It's free. When you open an account with the ProsperityFX broker using the Traders Union link, for each trade you will be reimbursed a part of the trading costs by the Union account.
How to open a ProsperityFX account:
On the main page of the site, in the upper right corner, click the Sign Up button.
Or in the "Trading" tab, click "Demo Account".
One more registration form will be sent to the specified address - an extended one. After filling it in, you will get access to your personal account, where you will be immediately prompted to change the password using two-factor authentication.
The functionality of the ProsperityFX personal account:
Also in the personal account, the trader has access to:
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Affiliate program management.
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Working with account settings.
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Verification.
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Access to support service.
Regulation and Safety
At the moment, the broker does not have valid regulatory licenses but expects to receive them in the future. The broker's only guarantee is an internal security model with two-factor authentication. It guarantees the protection of the account with the broker from the interference of third parties All transactions are encrypted from end to end.
Advantages
- Account protection and transaction security
Disadvantages
- No guarantees. Traders' interests are not protected
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $8 | No |
| Pro | From $2 | No |
| VAR | From $12 | No |
| Mini | From $10 | No |
Additional commissions are single or triple swap fees for transferring a trade to the next business day.
Also, TU’s analysts compared the real spreads of ProsperityFX with the average spreads of its competitors. The average spread in monetary terms for the EUR/USD pair for a standard full lot was taken as a basis.
| Broker | Average commission | Level |
|---|---|---|
|
$8 | |
|
$1 | |
|
$8.5 |
Account Types
and find the broker's referral link. Using it, you get the opportunity to reduce your spread costs in the future.
Account types:
There is a demo account, the conditions of which partially correspond to the Standard account.
Deposit and Withdrawal
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The ProsperityFX broker does not set limits on the number of withdrawal requests. There is no information on the website about the minimum withdrawal amount.
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Deposit currencies: USD, GBP, BTC, and ETH.
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The processing time for an application for withdrawal to banking systems is from 1 to 3 days. Withdrawal in cryptocurrency can take 1-3 hours.
Investment Programs, Available Markets and Products of the Broker
The development policy of ProsperityFX does not yet provide for the addition of investment programs to the portfolio of services provided to traders. The broker is interested in clients who engaged in active trading and increasing their turnover at a moderate level of risk. Investors who are not ready to devote a lot of time to trading can use the signal copying service from MetaQuotes. This requires registration on the MQL5.com website. Signals are available on the website in the Signals tab and the MT4 platform in the Signals tab of the Terminal window.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
ProsperityFX’s affiliate program
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Introducing Broker (IB) is a classic affiliate program with attractive conditions for private trader-affiliates. The terms of the program provide for the construction of up to five levels of the network with a percentage increase in remuneration for each new level. Detailed conditions can be obtained only after registration.
ProsperityFX sets strict requirements, and for non-compliance, the IB partner's account may be closed. Among them, there is the non-disclosure of information about the distribution of commissions within the network, targeting US traders.
Customer Support
The support service works seven days a week, 24 hours a day. Weekend work is because the cryptocurrency market is open 24/7.
Advantages
- Responds quickly. Provides a complete, comprehensive answer to all questions
Disadvantages
- There are few contact options with support
This broker provides the following communication channels for its clients:
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Online chat. Available on any page of the website.
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Feedback form in the Contacts section.
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Messengers in Instagram and Telegram.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | St Vincent and the Grenadines |
| Official site | https://prosperity4x.com/ |
Education
This broker focuses on working with professional traders. There is no training section on its website.
There is a demo account for gaining experience and learning the broker. The Mini account is provided for testing strategies on a real account.
Comparison of ProsperityFX with other Brokers
| ProsperityFX | RoboForex | Pocket Option | Exness | FBS | 4XC | |
| Trading platform |
MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT5, MT4, WebTrader |
| Min deposit | $50 | $10 | $5 | $10 | $1 | $50 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.2 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 40% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | $5 | $50 |
| Cent accounts | No | Yes | No | No | Yes | No |
Detailed Review of ProsperityFX
The ProsperityFX broker positions itself as an ECN/STP broker providing classic trading services. The company is not engaged in active marketing and does not seek to disclose its capabilities and advantages to everyone. ProsperityFX is aimed at working with professional traders, to whom it is ready to provide the most comfortable trading conditions.
ProsperityFX by the numbers:
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Over 200 trading assets, including cryptocurrencies.
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Zero USD for deposits and withdrawals.
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More than 50 thousand active traders.
ProsperityFX is a broker for professional manual and algorithmic trading
ProsperityFX uses the ECN or STP model depending on the account type. The VAR account is an STP account where there is no fixed commission for each lot, but the highest spread is 1.2 pips due to the broker's markup. This account is suitable for long-term trending strategies where the goal is to capture the movement of at least 20-30 pips. For the rest of the accounts, trades are processed according to the ECN model and they are sent directly to Currenex and Integral systems. Spreads here are 2 times lower, but there is a fixed commission. The accounts are suitable for algorithmic trading, scalping, and high-frequency strategies.
The MT4 platform has been updated with new builds. It provides the ability to copy signals through the MetaQuotes service, install custom indicators, scripts, and advisors. It also allows you to test manual and algorithmic strategies on the built-in tester or the testers Fx Blue of Forex Simulator installed in the platform.
ProsperityFX has no useful services at the moment. The company focuses on improving the order processing model and is not yet developing unique technological solutions. But at the same time, the broker has no restrictions on the use of third-party custom instruments in trading. You can find them on the websites of MQL5, MyFxBook, and TradingView.
Advantages:
Transparency of trading conditions. The broker does not make changes to trading conditions without the knowledge of the trader.
Almost no slippage.
There are no restrictions on the use of trading advisors, hedging strategies, or scalping.
In addition to the main professional accounts, there is a demo account, an Islamic account, and the Mini account, which is an analog of a cent account.
User Satisfaction