The Prosperity Trading Review: Everything a Trader Needs to Know
When it comes to trading, there are many options available that can be both risky and confusing. Unfortunately, Prosperity Trading is one of those options that claims to make trading easier, but in reality, there are many drawbacks. In this article, I will provide a detailed review of Prosperity Trading and discuss why it may not be the best choice for traders. I’ll examine the pros and cons of their services, including fees, customer service, and the platform itself.
What is ProsperityFx Trading?
ProsperityFx Trading is a financial trading platform that provides users with access to Forex, CFDs, and another cryptocurrency trading. It also offers a range of services to help traders become successful such as market analysis tools to help you make more informed decisions when trading. Traders should be aware of the risks and rewards associated with trading as well as the features available on the platform in order to be successful.
- Website: https://prosperity4x.com/
- Year Founded: 2020
- Head Office: Beachmont Business Centre, Suite 80, Kingstown, Saint Vincent, and Grenadines
- Financial Regulatory Bodies: None
- Minimum Deposit: From $50 / R 846,39 for standard accounts; from $25 / R 423,20 for the Mini account
- Countries not accepted for trade: Bahamas, Botswana, Cambodia, DRC, Cuba, Ethiopia, Ghana, Iran, Iraq, Japan, Kenya, Lebanon, Libya, Malta, Myanmar, North Korea, Pakistan, Panama, Somalia, Sri Lanka, Sudan, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Viet Nam, Yemen, Zimbabwe.
- Tradable assets: Cryptocurrencies: (30+) Bitcoin, Litecoin, Ethereum, CFD: (115+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
Prosperity Trading Reviews
Prosperity Trading is a controversial online trading platform that has recently come under fire for its questionable practices.
Prosperity Trades Key Features: Short Overview
Prosperity4x employs a two-step examination process to identify unique trading abilities. You will get a fully funded account to start your trading career risk-free if you qualify. A substantial 80% profit share is given to their financed traders!
Funding and Withdrawal
Funding your account is simple and safe. Just sign in or register and go to deposits. They have you covered whether you trade cryptocurrencies or foreign exchange.
Prosperity4x use cutting-edge technology to optimize your trading potential. Before you place your trades, you can change and construct your options using MT4’s tools. You may access the MT4 platform on both a desktop and a mobile device, ensuring that you never miss a trading opportunity.
In order to reward their partners, they have developed a partnership program. Utilize your network to introduce traders to ProsperityFX and take advantage of their alluring commissions.
Prosperity4x Drawbacks: Fees & Commissions
One of the biggest downsides to Prosperity4x is their fees and commissions structure. They charge a $7 commission per trade, plus additional fees for margin accounts. In addition, they have rollover fees for positions held overnight or on weekends, as well as financing charges when leverage is used in trades. These charges can add up over time and may affect your profits or losses significantly depending on how often you’re trading. Furthermore, if you’re an active trader who takes advantage of short-term price movements multiple times during each market session then these costs can become even more expensive.
Prosperity 4x Platforms: Limited Accessibility
Another primary drawback of Prosperity4x is its limited accessibility. The platform is only available to certain countries which can limit new traders from taking advantage of its features and tools. Additionally, even if someone does have access to Prosperity4x, they may not have access to all its features depending on their country of residence or local regulations. This could mean missing out on valuable market information or being restricted from using specific trading strategies.
Another issue with Prosperity4x’s limited accessibility is that new traders may not be able to take full advantage of the educational resources available through the platform.
Prosperity FX Customer Support: Poorly Rated by Prosperity Forex Traders
Prosperity FX has recently been receiving poor customer support ratings from its users. As of late, customers have complained about the lack of response and inadequate solutions provided by the company’s support staff. The majority of complaints stem from an inability to contact customer service representatives quickly and effectively. Many customers report having to wait hours or days before they receive a response from customer service agents who are not knowledgeable enough to solve their issues. Furthermore, some customers feel that they do not get satisfactory answers after explaining their problems in detail.
Prosperity4x Trader Review
Michał Oct 15, 2021
I have been trading with Prosperity4x for some time now and I am really satisfied. They have a lot of currency pairs, and the customer service is fast.
The Truth Aug 30, 2021
Got delays in release of funds , 2 days now and counting now. Their CS sucks, always misleading you into everything
Conclusion: Not Recommended
In this Prosperity4x Review, we come to the conclusion that Prosperity4x is not something we can recommend. The lack of transparency from Prosperity4x raises concerns about its reliability. We also do not know who created the system or where it was developed, making it difficult to trust such a system with our money. Moreover, the use of automated trading robots can be risky since they rely on algorithms that may result in high-risk trades that could lead to losses rather than profits for traders.
One resource that you could find very helpful is our review on the best computer for forex trading here.
Frequently Asked Questions
Is prosperity4x a good prosperity broker?
When it comes to deciding if prosperity4x is a good choice for your prosperity broker, it's important to understand the risks involved. Though they may be an established brand, their service has left much to be desired. A quick glance at customer reviews reveals that the company has not been able to live up to expectations, with many customers complaining about poor customer service and slow response times. The biggest issue with prosperity4x appears to be their security policies. Customers have reported long delays in withdrawals and other issues related to not being able to access their accounts due to security protocols. Furthermore, there have been reports of suspicious activity on accounts which could potentially lead to financial loss or identity theft. It seems clear that choosing this broker could put your assets at risk.
What is the safest Forex broker?
When it comes to choosing a Forex broker, safety should always be the most important factor. You want to make sure that your account will be secure and you won’t be subject to any type of fraud or theft. The best way to ensure safety is by selecting a trusted and regulated Forex broker. A good indicator of a safe broker is one that is authorized and regulated by a government body, such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US. These organizations provide protection for your investments, including segregated accounts so that your funds are held separately from those of other customers. They also provide enhanced investor protection and market surveillance services, helping to reduce instances of fraudulent activity.