General Information & Regulation
PROSPERO MARKETS is an Australian financial services provider based in Melbourne, offering investors trading services in foreign exchange, equities, indices, and CFDs, as well as other financial derivatives. Prospero Markets has been regulated by ASIC in Australia since 2012 and holds a full license under its authorization, regulatory license number 423034.
Market Instruments
PROSPERO MARKETS provides investors with a range of financial trading assets, including foreign exchange, precious metals, commodities, stock indices, equity CFDs, VIX.
Minimum Deposit
PROSPERO MARKETS offers two different types of trading accounts, the Standard and the Professional ECN account. The minimum initial deposit for a standard account is AUD500, for an ECN account up to AUD20,000. Objectively speaking, PROSPERO MARKETS has set relatively high requirements for opening an account, so investors should be careful about the risks involved.
Prospero Markets Leverage
Trading leverage vary depending on instruments. The maximum trading leverage offered by PROSPERO MARKETS is 1:400 for major currencies, 1:100 for indices, 1:400 for gold, 1:100 for spot silver, 1:100 for futures. Prospero Markets, as an typical Australia broker, is not surprising to offer such high leverage.
Spreads & Commissions
The minimum spread offered by PROSPERO MARKETS is 0.1 pips for EURUSD, 0.5 pips for EURGBP, 1.5 pips for spot gold, 2.5 pips for USOIL, 3.0 pips for UKOIL, and 2.6 pips for US30. No commission is charged for trading on standard accounts, while ECN accounts are charged a bilateral commission of AUD2 or AUD3.
Trading Platforms Available
PROSPERO MARKETS offers traders the popular MT4 trading platform, which provides 23 charting tools and 30 self-contained technical indicators, automatic EA trading support, including market orders, pending orders, stop-loss, take-profit, and powerful charting tools to help traders implement complex trading strategies.
Deposit and Withdrawal
PROSPERO MARKETS supports traders to transfer funds via local transfer (within 2 business days), BPAY (within 2 business days), VISA/MasterCard credit & debit cards (within 2 hours), PayPal (within 1-2 hours, a withdrawal fee of 3%), international wire transfer (within 5 business days).
