Notice: ASIC Cancels AFS Licence of Prospero Markets

On 25 September 2024, the Australian Securities and Investments Commission (ASIC) officially cancelled the Australian Financial Services (AFS) licence of Prospero Markets Pty Ltd, an OTC derivatives issuer, due to ongoing compliance issues and legal challenges.

The licence suspension initially began in December 2023 after Prospero failed to lodge its 2023 audited financial accounts. Subsequent investigations linked the firm to alleged money-laundering activities, leading to court-ordered liquidation in April 2024.

Source: ASIC's Media Release (24-218MR)

Date: 25 September 2024
Written by Angelo Martins
Fact checked by Evelina Laurinaityte
Human moderated by Jason Peterson
Last updated November, 2024

Prospero Markets Overall rating

0.8
Ranked 247 out of 827 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
Popularity
1.4
3
Regulation
0.0
2
User Rating
Not rated
3
Pricing rating
Not rated
1
Features
Not rated
1
Customer Support
Not rated
1

Prospero Markets Profile

Company Name Prospero Markets
Categories Forex Brokers
Primary Category Forex Brokers
Support Languages English

Prospero Markets Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites
prosperomarkets.com
Organic monthly visits 258 (99%)
Organic traffic rank 533 out of 827 (Forex Brokers)
Paid monthly visits 4 (1%)
Total monthly visits 262
Bounce rate 39%
Pages per visit 1.02
Average visit duration 00:00:00

Prospero Markets User reviews

0.0
(0 )
Not Ranked (Forex Brokers)

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0.00%
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0%
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Prospero Markets Regulation / Money Protection

This company does not appear to be regulated by any government authority at this time.

Prospero Markets Symbols

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