Is ProsperityFX Regulated as of 2024?

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Forex brokers are dealers or firms that offer traders the services to suit their trading needs. There are hundreds of online forex brokers. A regulated broker provides a certain level of security and protection to their clients. However, not all brokers are regulated. If you consider using ProsperityFX as your broker, you may be wondering if it is regulated. 

The answer is “No”, ProsperityFX is not a regulated forex broker. It is an offshore forex broker that is not under any regulatory authorities. In this blog post, we will explore more about ProsperityFX regulations, Trading facilities, Pros and Cons, alternatives, and so on. 

Is ProsperityFX Regulated?

No, ProsperityFX is not regulated by any regulatory authority. It is an unregulated offshore forex broker. Many traders still opt for offshore forex brokers to enjoy restriction-free trading, Non-FIFO trading  (Forex, CFD, Indices) with high leverage and low spread. 

ProsperityFX Overview
  • Founded In: 2020
  • Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: Standard, Pro, Var, Mini 
  • Payment Options: VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

Pros and Cons of ProsperityFX

ProsperityFX is an unauthorized forex broker. As an unregulated broker, it has its strengths and weaknesses. Here are the pros and cons of ProsperityFX

  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

Alternatives of ProsperityFX

ProsperityFX is a popular offshore forex broker. However, other brokers can serve as alternatives to ProsperityFX. Some of the alternatives are regulated by top tire regulators. These alternative brokers include 

  • Etoro: Best for Social Trading
  • Oanda: Regulated Forex Brokers for US Traders
  • Hugosway: Best offshore forex broker that offers Forex, CFD, and Crypto Trading
  • Pepperstone: Best all-around Forex Brokers for non-US Traders

Frequently Asked Questions ( FAQs)

What is ProsperityFX?

Founded in 2020, ProsperityFX is an offshore forex broker. It offers forex, CFD and commodities, stocks, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for your personal investment and trading options. You can enjoy high leverage and low minimum deposit ($10) with ProsperityFX. 

What is Forex Broker Regulation?

Forex broker regulation refers to a set of rules and laws established by regulatory authorities to govern the operations of firms within the forex industry. These regulations are designed to ensure transparency, fairness, and integrity in the forex market, protecting the interests of traders and investors. Regulatory bodies impose various requirements on forex brokers, including capital adequacy, segregation of client funds, risk management protocols, and compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. The top tire regulators in the world include NFA, FCA, ASIC, CySEC, and so on. 

Is ProsperityFX an ECN Forex Broker?

Yes, ProsperityFX operates as an Electronic Communication Network (ECN) forex broker, providing direct access to liquidity providers and offering competitive pricing and execution.

Is ProsperityFX a Safe Broker?

ProsperityFX is offering hassle-free services. However, the broker is not regulated by any regulatory authority.  As a result, trading with ProsperityFX involves inherent risks due to the lack of regulatory oversight. Traders should carefully consider these risks before engaging with the platform.

Is ProsperityFX Regulated in the USA?

No, ProsperityFX is not regulated in the USA. It is not regulated by any regulatory authorities. 

Is ProsperityFX Regulated in the UK?

No, ProsperityFX is not regulated in the UK. The brokers of the UK are usually regulated by FCA, and ProsperityFX is not regulated by this regulatory authority. 

Is ProsperityFX Regulated in Canada?

No, ProsperityFX is not regulated in Canada. 

Final Verdict :

ProsperityFX is an unregulated forex broker that offers forex, CFDs, and Cryptos and Stock CFDs. You can enjoy as high as 1:500 leverage with the broker. The minimum deposit is also as low as $10.  

Since it is an offshore forex broker, it can onboard clients from anywhere in the world. The broker allows traders to trade with any style including scalping, hedging, EA Trading, news trading and so on. 

Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with unregulated brokers puts your funds at higher risks

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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