ProsperityFX
ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.
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
EagleFX
Though EagleFX is unregulated, it asserts that clients’ Bitcoin deposits are safely stored in a cold storage location. Bitcoin is the primary payment option used by EagleFX. You can start trading with just $10 on its MT4 platforms and enjoy deep liquidity, tight spreads, and speedy STP executions.
- Founded In: 2019
- Minimum Deposit: $10
- Maximum Leverage: 500:1
- Regulations: None
- Trading platform: MT4 , Webtrader
- Account Types:
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin
- US Traders: Currently Not Accepted. However, Old traders can still trade.
ProsperityFX vs EagleFX: Side By Side Comparison
Product
Product
Prosperityfx
Eaglefx
Founded In
Founded In
2020
2019
Founded By
Founded By
Lee Sullivan
Not Found
Headquarters
Headquarters
Kingstown, St. Vincent and the Grenadines
Roseau Valley 00152, Dominica
Regulations
Regulations
None
None
Min Deposit
Min Deposit
$25
$10
Max Leverage
Max Leverage
500:1
500:1
Tradable Assets
Tradable Assets
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Currencies , Cryptocurrencies, Commodities , Stocks , Indices , Futures
Fees
Fees
Spread from 0.8 pips
Spread from
Platforms and Tools
Platforms and Tools
MT4
MT4 , WebTrader
US Traders
US Traders
Allowed
Allowed
ProsperityFX vs EagleFX: Pros and Cons
ProsperityFX Pros & Cons
Pros
- 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
- ProsperityFX Accepts Crypto Deposits
Cons
- Offshore Broker with very limited information
- Limited Deposit and Withdrawal Option
- Spread sometimes widens during market volatility
- Unregulated Forex broker
- No Managed Account Options
EagleFX Pros & Cons
Pros
- The maximum leverage is as high as 1:500
- The minimum deposit is as low as $10
- Scalping Hedging, News trading, and the use of trading robots are allowed
- Speedy STP trade executions in less than a second.
- Over 150 trading instruments can be traded on the platforms.
- Offers free demo accounts
- The round-turn commission is $6, which is low and competitive compared to others.
- Zero Fees on Deposit and Withdrawal
- Offers Crypto CFD Trading
Cons
- The broker is not regulated
- No investor protection scheme for traders
- No managed accounts, social trading, or any provision for investors.
- Limited Deposit and Withdrawal Options
- Ctrader, Zulutrade, and Tradingview are not available
- There are no educational resources
