Prospero

Prospero is the trading name of Prospero Markets LLC, a broker that claims to offer forex and CFD trading services. According to its own description, the broker was founded in 2012, though our records indicate a registration date of March 28, 2022. The firm is registered in Saint Vincent and the Grenadines (SVG) at the Financial Service Centre in Kingstown. Its official website is prosperoglobal.net.

The broker maintains a presence on social media platforms Facebook and LinkedIn, but independent public information about its operations is extremely limited. No details on tradable instruments, trading platforms, or funding methods are available from sources other than the broker's own marketing materials.

Prospero currently holds no regulatory licence from any recognised financial authority. Registration in Saint Vincent and the Grenadines does not constitute regulation; SVG does not have a financial services regulator that oversees forex brokers. This absence of oversight means that traders have no recourse to a compensation scheme or independent dispute resolution if issues arise.

The broker's scam risk score, as assessed by FXCanary, stands at 49 out of 100, indicating a guarded level of risk. The lack of regulation, combined with the conflicting founding dates, are significant red flags that traders should carefully consider before engaging with this firm.

Prospero offers two live account types. The Standard account requires a minimum deposit of USD 500, while the Professional account requires a minimum deposit of USD 20,000. Both account types offer a maximum leverage of 1:400, which is extremely high and carries substantial risk of loss. Aside from these core parameters, no further details on spreads, commissions, or additional features are available from independent sources.

The broker states that it provides 24-hour client support, but the quality and responsiveness of this service cannot be verified. Traders seeking a transparent and well-documented account structure may find the lack of publicly available information concerning.

The broker operates under the legal entity Prospero Markets LLC, registered in Saint Vincent and the Grenadines with registration number 533LLC2020. Its registered address is at The Financial Service Centre, Stoney Ground, Kingstown. There is a discrepancy in the founding year: the broker claims to have been founded in 2012 on its website, but official records list a registration date in 2022. This inconsistency undermines the broker's credibility.

Without a track record that can be independently verified, and given the offshore registration, the broker's background is opaque. Traders should treat any historical claims with caution.