ProsperityFX is a legally registered forex broker located in the Saint Vincent and the Grenadines, but not regulated by any government agency.
ProsperityFX accepts clients from all over the world, excluding Bahamas, Botswana, Burma, Cambodia, Congo, Cuba, Ethiopia, Ghana, Iran, Iraq, Japan, Kenya, Lebanon, Libya, Malta, North Korea, Pakistan, Panama, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vietnam, Yemen, Zimbabwe.
Forex broker offers the following underlying assets for trading.
|55+ Currency Pairs||Based on major and minor world currencies.|
|14 Crypto Pairs||Based on Bitcoin, Bits, Ethereum, Litecoin, Dash, Ripple, OmiseGO, Eidoo, Santiment, Monero, Zcash, EOS, IOTA, NEO.|
|10 Indice CFDs||Based on baskets of different blue-chip stocks and US Dollar Index.|
|4 Metal CFDs||Based on Gold, Silver, Platinum and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|35+ Stock CFDs||Based on shares of US, UK and EU companies.|
Established as recently as in 2020, ProsperityFX is a relatively new player in the forex & CFD brokerage industry. The broker accepts deposits from its clients via bitcoin, bank transfer and major payment cards, and is registered in the popular offshore jurisdiction St. Vincent and the Grenadines.
As with many forex brokers based offshore, ProsperityFX is not regulated by any government regulator, and it is therefore important that any potential client has full trust in the broker before depositing any money with it.
ProsperityFX’s offering when it comes to the selection of trading instruments available is pretty much in line with what we typically see from other players in the industry. The broker offers more than 50 forex pairs to choose from, several stock indices and individual stocks, a selection of popular cryptocurrencies, as well as some of the most important commodities. What is missing, however, is a selection of exchange traded funds (ETFs) and bonds, which is something we have seen many other similar brokers offer their clients.
All of the assets offered by ProsperityFX are traded in the form of CFDs, with leverage ranging from 1:20 for stocks to 1:500 for metals and forex pairs. It’s also worth noting that this broker offers leverage of up to 1:100 on crypto trading, which is well above what most regulated brokers will ever offer their traders.
During the signup process with ProsperityFX, all new clients will have the choice between four different types of trading accounts. At the time of this writing, the account options are as follows:
– Standard account with a minimum deposit of USD 50, commissions of USD 7/lot, and spreads from 0.8 pips
– SPRO account with a minimum deposit of USD 500, commissions of USD 8/lot, and spreads from 0.4 pips
– SVAR account with a minimum deposit of USD 250, commission-free trading, and spreads from 1.2 pips
– SMini account with a minimum deposit of USD 25, commissions of USD 1/lot, and spreads from 1 pip
In addition to the above accounts, the broker also advertises on its website that an Islamic account is “coming soon.”
In case of any difficulties during sign-up or trading and order placement later, clients are always welcome to contact ProsperityFX’s customer support team via a support form on the website, live chat, or by requesting a callback.
Unfortunately, the broker has not made any direct phone numbers available on its website, which could make it difficult to reach it in case of any urgent needs during trading. We are also missing support options for other languages than English, and the broker has not disclosed any information about support hours, which we believe is a bit unfortunate.
In conclusion, it seems clear to us that ProsperityFX is trying to capture clients among the more crypto-friendly CFD and forex traders, with its strong emphasis on crypto trading and funding options. It’s also interesting to see that the broker has chosen to offer crypto leverage as high as 1:100, which is only matched by what some of the crypto-native derivatives exchanges currently offer. It’s still too early to tell whether or not the broker will succeed at this, but it is nonetheless a player to keep an eye on for the future.
Not the best, not the worst. Nice spreads on the pro account. Deposits and withdrawals are pretty quick.
I was so satisfied with Prosperity. But when I see now fees + charges trading crypto... I will start looking for another broker.