Risk Management Index
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
License Type:Market Making(MM)
Regulated in Country/AreaAustralia
Regulatory License No.：423034
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :ERIC QU, Suite 602, 160 Queen Street MELBOURNE VIC 3000
Phone Number of Licensed Institution :0424148982
Licensed Institution Certified Documents :RAINBOW LEGEND AFCA20200624更新 View Certified Documents RAINBOW LEGEND ASIC View Certified Documents RAINBOW LEGEND ASIC20200610更新 View Certified Documents Rainbow Legend Group AFCA监管截图更新20200825 View Certified Documents RAINBOW LEGEND AFCA View Certified Documents 423034 afca20200824更新 View Certified Documents 423034 asic20200824更新 View Certified Documents
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The data are from WIKI Research 2021.07.30 updated
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General Information & Regulation of Prospero Markets
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 number 423034.
Market Instruments of Prospero Markets
PROSPERO MARKETS provides investors with financial trading assets, including foreign exchange, precious metals, commodities, stock indices, equity CFDs, VIX.
Account Types of Prospero Markets
PROSPERO MARKETS offers two different types of trading accounts, Standard and Professional ECN accounts. 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.
The maximum trading leverage offered by PROSPERO MARKETS is 1:30 for major currencies, 1:20 for minor currencies, 1:20 for spot gold, 1:10 for spot silver, 1:10 for commodities such as crude oil, 1:20 for stock indices, and 1:20 for stock CFDs.
Spreads & Commissions of Prospero Markets
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 of Prospero Markets
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 of Prospero Markets
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).
The main disadvantages of PROSPERO MARKETS are:
1. High minimum deposit requirements
2. Wide spreads for commodities, indices, and other products
3. Conservative leverage
4. Limited payments options
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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