Prospero

Prospero is a financial services entity registered in Australia, with a recorded establishment date of 8 December 2022. Its registered address is 990 Whitehorse Road, Box Hill, Victoria 3128. The firm is listed with the Australian Securities and Investments Commission (ASIC) as a Market Making (MM) licensee, though the status of that licence is not clearly reported in public registries.

Based on the limited available information, Prospero appears to be a relatively new market participant. No official website or marketing materials could be verified, and independent public data about the broker’s services, platforms, or product range is absent. This lack of transparency is a significant concern for potential traders.

The only regulatory record associated with Prospero is its ASIC registration. ASIC is a reputable financial regulator in Australia, but having a registration does not guarantee active supervision or that the firm currently operates within the regulatory framework. The licence status is marked as undetermined, meaning it is unclear whether Prospero holds an active Australian Financial Services Licence (AFSL) or merely a registration as a company.

Without confirmed licence details and ongoing regulatory oversight, the protection available to clients – such as access to the Australian Financial Complaints Authority or the Compensation Scheme – remains uncertain. FXCanary advises traders to verify any licence directly with ASIC’s professional register before engaging with this broker.

Given the absence of a verifiable online presence and the unclear regulatory status, Prospero has been assigned a Scam Risk Score of 85 out of 100, indicating a severe level of risk. This high score reflects the broker’s lack of transparency and the potential for misrepresentation.

Traders are strongly cautioned against depositing funds with any firm that does not provide a clear, working website, verifiable physical operations, and up-to-date regulatory credentials. In the case of Prospero, the combination of a recent incorporation, missing official domain, and incomplete public records poses significant risk factors that retail clients should not overlook.

Due to the severe risk profile, Prospero is not recommended for any category of trader – whether beginner, experienced, or institutional. The lack of accessible information makes it impossible to assess the broker’s reliability, trading conditions, or customer support quality.

FXCanary only lists this broker for informational purposes. Traders seeking a regulated Australian broker should consult ASIC’s licensed entities list and choose a firm with a proven track record and transparent operations.