Prospero Markets

Spreads fluctuate irregularly with heavy price spikes in volatility. Delayed closing leads to unnecessary losses for swing trades.

Warning! Under liquidation and AFSL canceled. My funds are frozen; getting anything back is a gamble now.

Prospero Markets is a dynamic broker that welcomes new traders with a 35% deposit bonus, which can boost your initial capital and may be withdrawable under their terms. You can practice risk-free with a free demo account and switch anytime between demo and live trading. With a low entry point of just $100, Prospero Markets offers an accessible and flexible start for beginners.

SpreadsThey start at 2 pips for EURUSD and remain in between 2-6 pips for currency pairs normally. Variable spreads seem to be even better, but they are floating which can get a bit frustrating. For CFDs spread is always different and depends on the instrument. I trade oil and gold. For both spread is $0.03.LeverageIt goes up to 1:2000 for currencies trading on forex market. CFDs leverage is limited to 1:200 most of the times. Metals can get 1:500. I think that this type of leverage is simply indicating that traders have near-unlimited opportunity to use leverage, but have to control risks themselves. Come on, we are all grownups here. Limit you risks per trade, trade smart. CommissionsThere are none that I know of for sure. Withdrawals are free. Spreads are the only expenses per trade. Depositing is also free for sure.

For me, having PAMM and MAM accounts is crucial. I act as a manager and earn well from commissions. My investors are also happy because I am in a good profit, helping them earn passive income with reduced risk. I've heard that this broker also offers excellent conditions for partnership programs like IB and CPA, although I haven't personally encountered them.

There is no copy trading service or a standard referral program, but these are not major drawbacks. However, the lack of a call center in the technical support department might disappoint traders in certain situations. Nevertheless, the broker is undoubtedly recommended for consideration.

This is the best trading broker I have used in a while.Their indices and the speed are what I have beenlooking for. Couldn't recommend it more.

I have been using the broker for just under a year age 21,and I have ultimately lost money due to bad decisionson my behalf, however as a beginner investor I havelearned so much. The simplicity and usability of thebroker is incredible and I would recommend it to anyone.Looking forward to investing long term for my futureand I recommend any young people to research anddo the same.

Prospero Markets does not offer any bonus deals or promotional offers. I find this somewhat disappointing as many offshore brokers take advantage of their lack of regulation to offer financial incentives and free rewards in the form of deposit bonuses, demo competitions and giveaways.