Global Broker Regulation Inquiry App
WikiFX
J Forex Trader 
1-2 years
What is the impact of Prospero's regulatory status on its services?
Broker Issues
Regulation
08-04
United States
WikiFX
Reply
The main pro is that Prospero was once regulated by ASIC, which provided some legitimacy. However, the con is the revoked status, meaning there’s no protection from regulatory bodies now. I wouldn’t risk engaging in high-stakes Prospero trading without clearer oversight.
