Founded in 2020, ProsperityFX is an online trading broker that operates the STP execution model, which offers instant access to the interbank markets. The broker is based in Kingstown, Saint Vincent and the Grenadines; they provide traders with the intuitive MT4 trading platform for trading forex, indices, commodities, stocks, cryptocurrencies, and other trading instruments. Their clients are offered some essential trading conditions, such as low spreads from 0.4 pips and leverage of up to 1:500. There are various trading account options to choose from with a minimum deposit of $25.
ProsperityFX Review Introduction
In this ProsperityFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including ProsperityFX.
ProsperityFX Platforms & Tools
PropserityFX clients can trade the financial assets of their choice using the MT4 trading platform. The platform was launched in 2005 and has since evolved into the trading platform of choice by most forex and CFDs traders. It is replete with various advanced trading tools and capabilities, such as technical indicators and expert advisors for automating your trades. The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers without needing to download or install additional software, and a mobile app that is compatible with Android and iOS devices. The mobile app is best suited for clients who wish to place trades and check their trading positions on mobile handheld devices even while on the go, provided there is an internet connection.
ProsperityFX Research & Education
There is an FAQ section on the broker’s website to answer the clients’ most common questions.
ProsperityFX Trading Accounts
ProsperityFX clients are provided with various trading account options. The account types have unique minimum deposit requirements as follows: Standard ($50), PRO ($500), VAR ($250), Mini ($25), and Islamic ($50) Accounts. The accounts offer leverage of up to 1:500.
ProsperityFX Account Funding
ProsperityFX allows traders to deposit and withdraw funds to and from their live trading accounts using any of the following payment methods: bank transfers, credit/debit cards, and Bitcoin.
ProsperityFX Customer Service
The broker provides traders with a responsive client support team to assist them with any assistance they may need. The support team is available 24/7 and can be contacted via Live Chat and support ticket.
There is no regulatory information on the broker’s website at the moment. The lack of regulation can discourage prospective clients from opening a live trading account with the broker.
ProsperityFX Review Summary
Based in Kingstown, Saint Vincent and the Grenadines, ProsperityFX is a retail trading broker that was launched in 2020. They provide traders with the MT4 trading platform, which is available in desktop, web, and mobile versions. The broker allows clients to trade multiple financial instruments across different asset classes. Also, ProsperityFX traders are provided with some learning resources and a knowledgeable client support team. The minimum deposit required to start trading is $25. The broker does not charge any commission fees on trades. Unfortunately, there is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this ProsperityFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the ProsperityFX broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.