ProsperityFX Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed ProsperityFX fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of 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.
💰 Account currency: | USD, GBP, EUR, CAD, AUD, and BTC |
🚀 Minimum deposit: | From $50 for standard accounts; from $25 for the Mini account |
⚖️ Leverage: | Up to 1:500 |
💱 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 |
ProsperityFX Commissions and Fees
The experts at the Traders Union have analyzed the publicly available documents that control commissions and fees of the broker and other trading conditions. The minimum spread for the Pro account is from 0.4 pips. For each account, except for VAR, there is a fixed commission for each lot held in the amount of USD 7-8.
Account type | Spread (minimum value) | Withdrawal commission |
Standard | From $8 | No |
Pro | From $2 | No |
VAR | From $12 | No |
Mini | From $10 | No |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
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Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
ProsperityFX Minimum deposit
How to Start Making Profits — Guide for Traders
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.
Brokers similar to ProsperityFX
When analyzing ProsperityFX, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of ProsperityFX and other brokers.
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, Mobile Trading |
MT5, MT4, WebTrader |
Min deposit |
$50 |
$10 |
$5 |
$10 |
$1 |
$50 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
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 |
No |
No |
No |
No |
No |
No |
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 |
ProsperityFX | RoboForex | Pocket Option | Exness | FBS | 4XC | |
---|---|---|---|---|---|---|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Crypto |
Yes |
No |
Yes |
Yes |
No |
Yes |
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Stock |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
ETF |
No |
Yes |
No |
No |
No |
No |
Options |
No |
No |
No |
No |
No |
No |
Could I recommend ProsperityFX to a beginner trader?
Analysis of ProsperityFX shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
Author at Traders Union
FAQs
What deposit amount should a beginner start with?
Some brokers offer a minimum deposit of $1. However, it is recommended to deposit at least $300-500 to the account to be able to trade fully.
Are the fees charged on a demo account?
Yes, but they are written off the virtual funds you use for trading on the demo account. This allows you to learn the level of the fees.
Can the level of the fees change if different accounts imply the use of different platforms?
Yes. Some brokers offer different trading platforms on different types of trading accounts. In this case, the size of the fee may change.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.