Prospero is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and commodities. However, there is a lot of evidence to suggest that Prospero is a scam broker.
Prospero is a relatively new broker, having been founded in 2022. The company is registered in the Marshall Islands, but it does not have any legitimate licenses or regulations. This means that Prospero is not subject to any oversight or scrutiny, which makes it a very risky place to trade.
Does Prospero Have Any License?
No, Prospero does not have any license from any regulatory body. This is a major red flag, as it means that the broker is not subject to any oversight or scrutiny. This makes it very likely that Prospero is a scam broker.
Is Prospero Regulated By Any Authority?
No, Prospero is not regulated by any authority. This is another major red flag, as it means that the broker is not subject to any oversight or scrutiny. This makes it very likely that Prospero is a scam broker.
Pros and Cons
- The minimum deposit is low.
- The spreads are competitive.
- The broker is not regulated by any authority.
- There are many complaints about the broker online.
- The withdrawal process is slow and difficult.
How Does Prospero Reach To Their Prey?
Prospero uses a variety of methods to reach their prey. They often target inexperienced traders with promises of high returns. They may also contact traders who have lost money in other investments. Prospero will often offer these traders the opportunity to “recover” their losses by trading with them.
The minimum deposit for a Prospero account is $250.
Prospero uses the MetaTrader 4 platform. This is a popular and well-respected platform, but it is important to note that it is not regulated by any authority.
The spreads on Prospero are competitive. The average spread for EUR/USD is 1.0 pip.
The maximum leverage offered by Prospero is 1:500. This is a very high leverage, which means that traders can amplify their profits and losses.
Packages and Products They Offer
Prospero offers three different account types:
- The Standard account has a minimum deposit of $50.
- The Gold account has a minimum deposit of $500.
- The Platinum account has a minimum deposit of $1000.
Each account type offers different features and benefits. For example, the Platinum account offers access to more trading instruments and higher leverage.
Withdrawal and Deposit Method
Prospero offers a variety of deposit and withdrawal methods, including credit cards, debit cards, and wire transfers. The withdrawal process is slow and difficult. Traders often have to wait weeks or even months to receive their funds.
What Do Their Previous Traders Say?
There are many complaints about Prospero online. Traders complain about the slow withdrawal process, the high fees, and the lack of customer support.
Summing Up- Why Should Not You Trust Prospero
There are many reasons why you should not trust Prospero. The company is not regulated by any authority, there are many complaints about the broker online, and the withdrawal process is slow and difficult. If you are considering trading with Prospero, we urge you to reconsider. There are many other legitimate brokers out there that you can trade with.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Prospero, we recommend that you contact a financial recovery service. These services can help you to get your money back. we recommend using a service that has a good reputation and a track record of success.
That is why you should contact us. We will provide you with a free consultation and service recommendations to choose the right option for you.
File A Complaint Against Scam Broker's
Prospero is a scam broker. We urge you to stay away from this fraudulent platform. If you have lost money to Prospero, we recommend that you contact a financial recovery service.
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