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
- $100
- MetaTrader4
- FSA
- 2022
Our Evaluation of Prospero Global
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
Prospero Global is a moderate-risk broker with the TU Overall Score of 6.32 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Prospero Global clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
As CFD brokers, the Prospero Group holds a leading position due to its straightforward and transparent conditions. Its website provides all the necessary information without hiding anything from clients. Narrow spreads and below-average market commissions are attractive features. The extensive and diverse asset pool allows traders to engage in various strategies, including scalping, hedging, news trading, and expert advisor usage. The availability of alternative earning methods is an additional advantage. Unfortunately, there are regional restrictions and limited passive income methods.
Brief Look at Prospero Global
Prospero Global is a CFD (contract for difference) broker is registered and regulated in Australia, as well as in Saint Vincent and the Grenadines. The platform offers contracts for price differences in various groups, including currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. Traders operate through any version of the MetaTrader 4 platform. A free demo account is available for those who want to explore the platform's capabilities and practice risk-free. There are two live account types: Standard and VIP, with a minimum deposit of $100. Spreads start from 0.1 pips. The Standard account has no commissions, while the VIP account incurs a fee of $3.5 per 1 full lot. The leverage is flexible, up to 1:400. Deposits and withdrawals can be made via bank transfer, bank card, electronic system, or cryptocurrency wallet. Passive income options are available through MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts, and this broker also offers partnership programs like IB (Introducing Broker) and CPA (Cost per Acquisition).
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- Traders can begin with a free demo account to explore the platform’s functions and practice without risks;
- Opening a live Standard account requires only $100, with a straightforward registration and KYC (Know your client) verification process;
- Competitive spreads of 0.5 or 0.1 pips (depending on the account type) and competitive commissions on the VIP account;
- A wide selection of assets across six groups expands profit potential, especially with leverage of up to 1:400, allowing for risk diversification;
- Socially active traders and business representatives can access unique partnership conditions and additional earnings;
- Joint MAM and PAMM accounts offer an excellent opportunity for passive income, suitable for traders with limited experience;
- This broker's technical support is available 24/7 through email, live chat, and website tickets.
- Although technical support operates around the clock, it is only available on weekdays, and there is no call center option;
- The platform does not provide typical alternative earning methods for individuals, such as referral programs and copy trading;
- This broker does not offer its services to residents of Australia, North Korea, Japan, and certain other countries.
TU Expert Advice
Author, Financial Expert at Traders Union
Prospero Global offers trading through the MetaTrader 4 platform, covering a broad array of assets including currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. It provides two main account types: Standard, with no commissions and spreads starting from 0.5 pips, and VIP, which features lower spreads from 0.1 pips but with a $3.5 commission per lot. Leverage is flexible up to 1:400, and a free demo account is available for practice and exploration. Passive income can be generated via MAM and PAMM accounts, and competitive spreads enhance trading conditions.
However, Prospero Global faces certain drawbacks, such as limited passive income options and the absence of referral and copy trading programs. Technical support is accessible only on weekdays, lacking phone support, which may not suit all traders. Regional restrictions further limit accessibility. While it may appeal to traders seeking diverse asset exposure and flexible trading options, those prioritizing comprehensive support and advanced passive income opportunities may find alternatives more fitting.
Prospero Global Trading Conditions
| 💻 Trading platform: | MetaTrader 4 |
|---|---|
| 📊 Accounts: | Demo, Standard, VIP |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, bank cards, electronic systems, cryptocurrency wallets |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 Instruments: | CFD on currency pairs, cryptocurrencies, indices, stocks, commodities, precious metals |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: |
Free demo account; Two real accounts; Low entry barrier; Tight spreads; Below-average commissions favorable; Withdrawal conditions diverse asset pool; Joint accounts; Full transparency. |
| 🎁 Contests and bonuses: | Yes, including rebates from Traders Union |
Unlike many brokers that offer multiple real accounts with varying minimum deposit requirements, Prospero Group follows a specific setup. To open a Standard account, you need a minimum deposit of $100, while a VIP account requires a minimum of $3.000. The trading leverage remains the same for all accounts and depends solely on the asset. Traders have the option to trade without leverage, with a maximum of 1:400 available. This broker's technical support operates 24/7, but only on weekdays. You can reach out to the specialists via email, live chat, and website tickets, as there is no call center available.
Prospero Global Key Parameters Evaluation
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Trading Account Opening
To start working with this broker, register on its official website to get a user account. Next, verify, open a live account, download the trading platform, and install it on your device. Below are detailed instructions on registration and a description of features of the user account prepared by TU experts.
Go to this broker's official website and click the «Open account» button in the upper right corner.
Specify your country of residence. Enter your first and last name, phone number, and email address. Create a password and confirm it. Click «Register».
Follow the on-screen instructions to complete the registration process. In the user account, you will need to verify your identity by providing detailed information about yourself and uploading scanned/photos of the required documents.
Through the corresponding option in the user account, open a live account by selecting its parameters. Then, make the minimum deposit required. Download the trading terminal, install it on your device, log in, and start trading.
Additional features of Prospero Global’s user account:
Traders can track the status of opened accounts, view detailed information about them, and receive reports;
Functions for opening and closing live and demo accounts. There is a maximum of 3 accounts;
Traders can deposit funds into active accounts and submit withdrawal requests;
Here users can register for the joint account services and monitor their status there;
Possibility to obtain information about IB and CPA programs (additional registration required);
Users can utilize analytical tools provided by this broker such as the economic calendar and others;
Verify your identity, update personal information, and configure security settings.
Regulation and safety
Prospero Global has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Prospero Global Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 SVG FSA |
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
Prospero Global Security Factors
| Foundation date | 2022 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Prospero Global have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Prospero Global with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Prospero Global’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Prospero Global Standard spreads
| Prospero Global | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,3 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,6 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Prospero Global RAW/ECN spreads
| Prospero Global | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,50 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,15 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Prospero Global. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Prospero Global Non-Trading Fees
| Prospero Global | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
This broker's client must first choose the account type that is best for him. The Standard account is versatile and suitable for most users, offering narrow spreads of 0.5 pips and no trading commissions. The VIP account, on the other hand, features reduced spreads (starting from 0.1 pips) but comes with a commission of $3.5 per full lot. The minimum deposit for the Standard account is $100, while for the VIP, it is $3,000. Therefore, VIP is ideal for traders planning to engage in significant trading volumes.
The choice of a trading terminal is a non-issue, as Prospero Group allows trading exclusively through MetaTrader 4. This widely popular terminal boasts the key advantage of being user-friendly, intuitive, and highly customizable via plugins.
Account types:
If the trader is new to the platform, he should first open a demo account, which does not require a deposit. The demo account allows him to familiarize himself with this broker's conditions, and practice and refine trading strategies risk-free. Afterward, the client can select a real account based on his budget and trading preferences.
Deposit and withdrawal
Prospero Global received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Prospero Global provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- BTC available as a base account currency
- No withdrawal fee
- No deposit fee
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
- Wise not supported
What are Prospero Global deposit and withdrawal options?
Prospero Global provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT.
Prospero Global Deposit and Withdrawal Methods vs Competitors
| Prospero Global | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Prospero Global base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Prospero Global supports the following base account currencies:
What are Prospero Global's minimum deposit and withdrawal amounts?
The minimum deposit on Prospero Global is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Prospero Global’s support team.
Markets and tradable assets
Prospero Global offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 55 Forex pairs.
- 55 supported currency pairs
- Crypto trading
- Copy trading platform
- No ETFs
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Prospero Global with its competitors, making it easier for you to find the perfect fit.
| Prospero Global | Plus500 | Pepperstone | |
| Currency pairs | 55 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Prospero Global offers for beginner traders and investors who prefer not to engage in active trading.
| Prospero Global | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | Yes | No | No |
Customer support
Even if a trader carefully reads the FAQs and has significant experience, they may still overlook certain details. For instance, they might wonder how long it takes for funds to be credited when making a deposit through bank transfer or if they can use cryptocurrencies other than BTC and USDT for deposits and withdrawals. They might also inquire about this broker's stop-out level and margin call policy. When such questions arise, the trader may reach out to technical support.
The efficiency and competence of the support team's response play a crucial role in maintaining a trader's loyalty. A prompt and knowledgeable response from the support team reinforces the trader's confidence in the platform and encourages continued collaboration. However, if customer service is consistently unavailable, slow to respond, or fails to provide comprehensive assistance, the trader may become disheartened with his broker and switch to a competitor.
Prospero Group takes great care to prevent such situations by offering multiple communication channels to their support team, including email, live chat, and support tickets. All these channels are available 24/5 during weekdays.
Advantages
- Unregistered users can contact customer support
- There are several communication channels available
- Support is available 24/5
Disadvantages
- Technical support specialists do not work on weekends
- There is no call center
Whether you are a client of Prospero Group or just intending to work with it, you can contact client service at any time using the following channels:
-
email;
-
live chat on the website and in the user account;
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tickets.
This broker has official profiles on Facebook, Twitter, Instagram, LinkedIn, and Pinterest. There you can also contact managers and get help. Subscribe to the profiles to keep up-to-date with the news of this broker.
Contacts
| Foundation date | 2022 |
|---|---|
| Registration address | The Financial Service Centre | Stoney Ground | Kingstown, St. Vincent and the Grenadines |
| Regulation | FSA |
| Official site | https://www.prosperoglobal.com/ |
| Contacts |
Education
To be successful, a trader needs more than just constant trading; theory is also essential. The market is constantly changing, and experts regularly introduce new trading methods and strategies, while old ones become obsolete due to their inefficiency. Experienced traders usually read e-books, engage in discussions with colleagues on forums, and attend webinars. Some brokers strive to assist their clients by providing educational programs. Typically, the focus is on beginners, as many traders joining the brokerage platforms are relatively new to trading. Prospero Group does not offer comprehensive educational programs. Instead, this broker provides a FAQs section, a collection of articles covering trading basics, and newsfeeds with market analysis. Additionally, Prospero Group regularly conducts seminars for VIP account holders.
As with most brokers, Prospero Group values clients who possess trading skills. As a result, VIP account holders gain access to in-depth research which is exclusively beneficial at an expert level. Overall, users with varying trading experience highly appreciate the information provided by this broker.
Comparison of Prospero Global with other Brokers
| Prospero Global | Bybit | Eightcap | XM Group | VT Markets | Octa | |
| Trading platform |
MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MetaTrader4, MetaTrader5, OctaTrader |
| Min deposit | $100 | No | $100 | $5 | $50 | $25 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:40 to 1:1000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.1 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.6 points |
| Level of margin call / stop out |
100% / 50% | No / 50% | 80% / 50% | 100% / 50% | No / 50% | 25% / 15% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed review of Prospero Global
Prospero Group has been a distinguished veteran in the market for 11 years and stands tall as one of the leaders in the CFD segment across the Australian and Pacific region. Presently, the company has expanded its horizons, establishing offices in China and Southeast Asia. Furthermore, this broker collaborates with traders from Africa and Europe, thus boasting an extensive global presence. Prospero Group leverages virtual servers, microservices architecture, and cutting-edge data transmission protocols, ensuring traders access to a swift and stable platform with the utmost confidence in the protection of their funds and personal information. Additionally, this broker enjoys a vast partner network, bolstering its influence in the global market and expanding its clientele without resorting to any promotions.
Prospero Group by the numbers:
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$100 - the minimum deposit;
-
From 0.1 pips - spreads on VIP accounts;
-
Maximum leverage is 1:4000;
-
2 live accounts + 1 demo account;
-
$0 withdrawal fee for Visa/MC cards.
Prospero Group is a versatile CFD broker
Many brokers offer only contracts for difference (CFDs), and many traders prefer these trading instruments due to their advantages. In this case, the diversity of available contracts is of paramount importance. Prospero Group boasts a pool of assets encompassing six groups that include currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals, totaling several hundred assets. This diversity is more than sufficient to minimize risks through diversification and grant traders the freedom to employ various strategies and methods. Moreover, this broker offers alternative ways of earning, with joint accounts like MAM and PAMM being the most favored options. Thus, Prospero Group provides the opportunity to generate profits through multiple avenues, a clear advantage that entices a larger clientele.
Useful services offered by Prospero Group:
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Joint accounts: Traders can register as managers or investors in the MAM or PAMM service. Managers trade using funds from the main and sub-accounts, earning commissions from investors. Investors, on the other hand, gain profits passively.
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Economic calendar: A fundamental analysis tool that is essential for presenting an interactive table that displays major political and economic events capable of influencing the quotations of various assets.
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Daily analysis: Traders can subscribe to this broker's news bulletin free of charge, and receive a concise digest of forecasts on significant trends every day. VIP account holders enjoy in-depth analysis and extended projections.
Advantages:
Prospero Group requires a mere $100 as the minimum deposit. Additionally, to acquaint oneself with the platform and put it to the test, there is no need to pay anything, as Prospero Group provides a free demo account.
The standard account type caters to the needs of the majority of traders, while the VIP account is tailored for experienced professionals involved in substantial trading activities. Competitive spreads of 0.5 and 0.1 pips are available for each account type, respectively. This broker does not charge any commission for withdrawals via bank transfers, bank cards, and electronic payment systems.
Within the platform, traders have access to six asset groups, encompassing numerous assets, creating ample opportunities to employ diverse trading strategies and effectively diversify risks.
This broker offers various alternative earning opportunities for both individual traders and legal entities, including joint accounts, IB programs, and CPA schemes. These options come with transparent and favorable conditions, demonstrating this broker's commitment to meeting the diverse needs of its partners.
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