ProsperityFX Review: Features, Pros, Cons, and More 2024!

Prosperity4x is a forex and CFD broker that provides online trading services globally. It is an offshore forex broker located in St. Vincent and the Grenadines. The broker offers a wide range of trading instruments Forex, Indices, Commodities, Stocks, and Crypto. Being an unregulated forex broker enables Prosperity4x to offer high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for Prosperity4x due to its competitive trading condition, high leverage, and lower minimum deposit. 

In this article, we will analyze and review Prosperity4x, exploring its features, pros, and cons. We will also answer the most common questions people ask about Prosperity4x. By reading this review, you will gain a better understanding of whether Prosperity4x is the right broker for your trading needs and preferences.

What is Prosperity4x?

Founded in 2020, ProsperityFX is an online Forex and CFD broker that offers forex, Crypto, and CFD trading. It allows scalping, hedging, news or any other trading style. ProsperityFX does not offer mt5 trading platform. 

Key Features:

• Trading Instruments: Forex, Indices, Commodities, Stocks and Crypto  
• Trading Platforms: Mt4
• Minimum Deposit:  $25
• Maximum Leverage: 1:500
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.8 pips for the Standard account, $8 per lot for the Pro account, No Commission for the VAR account, $7 per lot for the Islamic account, and $1 for the Mini account.
• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: BTC/USD
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, News trading,  and EA Trading. 
• PAMM/ MAM:  Available 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  No investor protection is Available.
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 

Prosperity4x Pros and Cons

Our Ratings for Prosperity4x:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

Prosperity4x Ratings and Reviews from Trustpilot:

Prosperity4x has earned a rating of 2.6 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

Prosperity4x Ratings and Reviews from Forex Peace Army:

Prosperity4x has achieved an average rating of 4.1out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Frequently Asked Questions

Is Prosperity4x a Legit Broker?

Prosperity4x is considered a good offshore forex broker and is registered in St. Vincent and the Grenadines. The broker offers a varity of trading instruments Forex, Indices, Commodities, Stocks and Crypto. However, the broker is not regulated or authorized by any regulatory authority. Due to this lack of regulation and the absence of available financial information, we do not recommend trading with Prosperity4x.

Is Prosperity4x regulated?

No, Prosperity4x is not a regulated broker. It is an unregulated offshore forex broker which offers restriction-free trading facilities. 

Does Prosperity4x Offer CFD Trading?

Yes, Prosperity4x offers CFD trading. CFD is a form of derivative trading that allows traders to speculate on the price movements of various financial instruments such as stocks, commodities, indices, and currencies, without actually owning the underlying asset. Prosperity4x provides a variety of trading CFD instruments including Forex, Indices, Commodities, Stocks and Crypto.

Where is Prosperity4x Located?

Prosperity4x is located in St. Vincent and the Grenadines. St Vincent and the Grenadines is the home of many offshore forex brokers. 

Does Prosperity4x require KYC Verification?

Yes, Prosperity4x requires KYC (Know Your Customer) verification. This process involves verifying the identity of its clients to comply with brokers’ requirements and ensure the security of the trading environment. Typically, this includes providing identification documents such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement

Does Prosperity4x payout?

Yes, Prosperity4x does payout to its clients. Traders can withdraw their funds from Prosperity4x using cryptocurrencies only. Payouts are processed within 24 hours. Once processed, it can take 1-6 hours, or as soon as there are 3-6 confirmations on the blockchain before the funds will be available in your crypto wallet

Is Prosperity4x an ECN broker?

No, Prosperity4x is not an ECN forex broker. 

What is the minimum deposit for Prosperity4x?

The minimum deposit for Prosperity4x is $25. 

Conclusion

Prosperity4x is an offshore forex and CFD broker that offers online trading services to traders and investors worldwide. The broker provides a wide range of trading instruments, including Forex, Indices, Commodities, Stocks and Crypto. The broker’s spreads start from as low as 0.8 pips. Prosperity4x offers high leverage (as high as 1:500 ) and a low minimum deposit (as low as $25). The restriction-free trading facilities, such as CFD trading, lower minimum deposit, and higher leverage, make Prosperity4x a good choice for many traders.

However, the broker is not regulated by any regulatory authorities. Therefore, do your research and ensure you are comfortable with this. We only recommend brokers regulated by the relevant financial authorities.