ProsperityFX Review 2025
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Updated:
Reason to avoid: Offshore license
Listed Date: February 3, 2024
Top 3 Forex Brokers
Beware ProsperityFX is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: Offshore license
Listed Date: February 3, 2024
Beware ProsperityFX is a Non-Regulated Broker. It is NOT SAFE to trade
No, ProsperityFX cannot be considered a trustworthy broker because it lacks a top-tier license. ProsperityFX is managed by EnviLLC, which is an international broker for CFDs trading securities registered by the MWALI International Services Authority in Comoros (T2023238), and with the Financial Services Authority in Saint Vincent and the Grenadines.
🏢 Registered in | St. Vincent and the Grenadines |
🗺️ Type of License | Offshore |
🛡️ Is ProsperityFX safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
ProsperityFX positions itself as an ECN/STP broker that offers its services to both professional and beginner traders. The broker caters to over 50 thousand active traders, providing a selection of over 200 trading assets. The broker offers high leverage up to 1:500. It also gives access to Expert Advisors, as well as such strategies as scalping and hedging.
However, upon closer examination, noteworthy concerns about ProsperityFX have surfaced that every trader should be aware of before deciding to invest with the broker:
After conducting thorough research, we have identified notable concerns regarding ProsperityFX’s reliability and its adherence to regulatory standards. Consequently, we are unable to assign a favorable rating to ProsperityFX.
Ranking | ProsperityFX | eToro | Pepperstone |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Conditions | Trading Environment |
Based on the safety concerns we revealed regarding ProsperityFX, we strongly recommend exploring alternative options that prioritize strict regulations and offer improved trading conditions. Here is a list of reputable brokers providing reliable choices and a secure trading environment for your consideration:
ProsperityFX enables traders to process funding through Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE) and USDT (ERC20). The minimum deposit with the broker is $10.
ProsperityFX offers several account types with different trading conditions and features: Standard, Pro, VAR, Mini, and Islamic.
Considering the gathered information about ProsperityFX, there are significant reservations regarding the broker’s reliability and integrity. Therefore, overall, ProsperityFX is not recommended for trading and raises suspicions. The offshore registration adds to the concerns about the broker’s credibility, increasing the potential for association with financial fraud. It is advised to exercise caution in engaging with such a broker.
It is advisable to steer clear of brokers with questionable registrations and, instead, prioritize those with established track records. Focus on brokers recognized for consistently providing exceptional trading conditions and dependable services over time. Traders should prioritize brokers holding licenses such as FCA, ASIC, or CySEC, as these licenses offer elevated levels of security.
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