Prospero Markets Review 2026

Prospero Markets is a former Australian retail OTC derivatives issuer that is in liquidation and no longer holds an active Australian Financial Services licence. This page is a current regulatory-status warning, not a recommendation or review of a functioning broker.

Prospero Markets Pty Ltd held AFS licence 423034 from 19 December 2012. ASIC suspended the licence in December 2023 after the firm failed to lodge its 2023 audited financial accounts. Following an ASIC application, the Federal Court ordered the company wound up on 11 April 2024. ASIC cancelled the AFS licence effective 25 September 2024.

The main strengths are There is no current operational strength relevant to a prospective trading client. The useful current information is the authoritative ASIC record of liquidation and licence cancellation..

For active comparison purposes, the most important concrete advantages are No current spreads, commissions or minimum-deposit terms are relevant because Prospero Markets is in liquidation and is not an available licensed broker for new accounts. and Historical platform support is not a valid reason to open or fund a new account with a liquidated company whose AFS licence is cancelled..

The main drawbacks are the company is in liquidation, its AFS licence was cancelled effective 25 September 2024, its licence had previously been suspended for compliance failures, and ASIC had broader concerns that led to the wind-up application.

A prospective client should also account for jurisdiction differences: Prospero Markets is unavailable for new clients in Belgium and every other jurisdiction because the operating company is in liquidation and no longer has an active AFS licence. No Open Account CTA should be shown anywhere.

No current promotion is relevant or should be displayed. A liquidated, unlicensed-for-new-business firm must not be promoted with bonuses, rebates or account-opening inducements.

Key 2026 highlights include Prospero Markets Pty Ltd in liquidation; former AFS licence 423034; licence cancelled effective 25 September 2024; Federal Court wind-up order dated 11 April 2024; no new-account availability. These are more useful than marketing slogans because they directly affect pricing, market access, platform capability or client protection.

Prospero Markets Pty Ltd was an Australian OTC derivatives issuer. ASIC states that AFS licence 423034 had been held since 19 December 2012 before suspension and later cancellation.

Yes, Prospero Markets is an established legitimate financial-services provider. Current trust analysis is dominated by regulator-confirmed liquidation and licence cancellation. The page should be used to identify the former regulated company and direct affected clients or creditors to official ASIC/liquidator information, not to imply ongoing authorisation.

That does not make every account equally protected; Prospero Markets is unavailable for new clients in Belgium and every other jurisdiction because the operating company is in liquidation and no longer has an active AFS licence. No Open Account CTA should be shown anywhere.

Prospero Markets Pty Ltd formerly held Australian Financial Services licence 423034, which authorised services in derivatives and foreign-exchange contracts to retail and wholesale clients. ASIC cancelled the licence effective 25 September 2024 after the company entered liquidation. It is not currently ASIC-authorised for new trading business.

Historical awards, if any, are immaterial to the current licence and liquidation status and are intentionally not used in the rating.

Before liquidation, ASIC described Prospero as an OTC derivatives issuer authorised to issue and make a market in derivatives and foreign-exchange contracts, deal on behalf of clients and provide related financial product advice. That historical permission is cancelled.

ASIC identifies BRI Ferrier liquidators Andrew Cummins, Jonathon Keenan and Peter Krejci and publishes prosperomarkets@brifnsw.com.au plus Australian and international telephone numbers for affected clients/creditors. Prospective clients should not use historical broker sales channels to deposit funds.

The current review does not use a historical office address as evidence of an operating brokerage. Legal and creditor matters should follow the ASIC/liquidator records.

There is no current broker-support proposition for new trading clients. Existing clients or creditors should use the liquidator and ASIC channels published in the regulator notice.

Not applicable to a new-client decision because the company is in liquidation and its licence is cancelled.

Hedging permissions are not applicable to a prospective Prospero Markets client because the company is in liquidation and its AFS licence 423034 is cancelled. Historical strategy permissions do not create a current authorised trading service, so no hedging capability should be presented as available.

No prospective client should be treated as eligible to open or fund a new Prospero Markets trading account. Country and product availability are unavailable globally.

Prospero Markets is best suited to no prospective trader; the review is useful only as a regulatory-status and identity reference for former clients, creditors or people researching the name

Prospero Markets is not suitable for any prospective depositor or new trading client. ASIC confirms that Prospero Markets Pty Ltd is in liquidation and that AFS licence 423034 was cancelled effective 25 September 2024, so this profile is only useful as a regulatory-status reference for former clients and creditors.

No current rebate, cashback, affiliate inducement or deposit promotion should be attached to Prospero Markets. A company in liquidation with a cancelled AFS licence is not an eligible new-account destination, so historical or third-party promotional offers must not be treated as current broker benefits.

No current live account type is available for new clients. Historical account descriptions are obsolete after liquidation and licence cancellation.

To open a live account, Do not open or fund a new Prospero Markets account. ASIC confirms the company is in liquidation and the AFS licence is cancelled. The broker must complete identity, residency and suitability/appropriateness checks before regulated products are enabled.

Any historical demo software is not evidence of an available regulated brokerage and is not relevant for new-client eligibility.

Prospero Markets is not a proprietary-trading challenge, so there are no 'trading objectives' whose breach automatically terminates a funded challenge. Normal account restrictions instead come from margin rules, product permissions, suitability checks and the client agreement.

ASIC initially specified post-cancellation AFCA membership, compensation/PI and client-money-reporting obligations until 25 March 2026. On 12 March 2025 ASIC varied the cancellation order and removed those specifications. Prospero must instead continue specified Corporations Act information-compliance obligations until 25 March 2026 so ASIC can obtain information about client money. This residual information obligation does not restore the licence or permit new accounts.

Historical KYC/AML procedures do not change the current status. A prospective client should not submit onboarding documents for new trading business to a liquidated broker.

Do not send new trading deposits. Existing clients concerned about return of funds should follow the liquidator and ASIC information. The wind-up proceedings were intended to facilitate efficient return of client funds where possible.

Unavailable for new accounts. No payment method should be presented as a valid new-deposit route.

Not applicable because the company is in liquidation and not available for new trading accounts.

No ordinary new-client withdrawal workflow applies. Existing client-money claims should be handled through the liquidators and official channels.

Existing clients/creditors should consult the ASIC notices and contact the appointed liquidators rather than follow historical broker withdrawal instructions.

No guaranteed recovery amount or timetable can be stated. Recovery is a liquidation matter and depends on the liquidators, available assets and legal process.

Historical spreads, commissions, swaps and inactivity fees are obsolete for a new-client decision and are not published as current terms.

Historically, AFS licence 423034 covered derivatives and foreign-exchange contracts. No current regulated Prospero Markets product catalogue is available for new clients.

No trading platform is presented as currently available for new Prospero Markets clients. Historical MetaTrader or other software references are not evidence of a functioning authorised brokerage after the Federal Court wind-up and ASIC cancellation of AFS licence 423034.

Prospero Markets has no current tradable instrument catalogue for new clients. ASIC records show that the former AFS licence historically covered derivatives and foreign-exchange contracts, but that licence is cancelled and those historical permissions must not be presented as a current product offering.

No live Prospero Markets trading server should be published as a current connection instruction. The company is in liquidation and its AFS licence is cancelled, so an old server name, even if technically reachable, would not establish authorised new-client trading availability.

Current trading-account base currencies are not applicable because Prospero Markets is in liquidation and cannot be treated as an available broker for new clients. Historical USD, AUD or other account-currency claims would be obsolete product information and are intentionally not represented as current terms.

No current cryptocurrency-CFD or crypto-deposit route is represented as available through Prospero Markets. The decisive current facts are liquidation and cancellation of the AFS licence, so any historical cryptocurrency product or payment claims should not be used to justify sending funds.

There is no current Prospero Markets leverage offer for new clients. Historical leverage settings became irrelevant once the company entered liquidation and ASIC cancelled AFS licence 423034; publishing an old leverage ratio as current would incorrectly imply that authorised trading accounts remain available.

A prospective client cannot change leverage because no current Prospero Markets trading account should be opened. Existing former clients should focus on liquidation and client-money processes through the appointed liquidators rather than attempting to alter historical account risk settings.

No current spread schedule is applicable to new Prospero Markets clients. Historical EUR/USD or other spread claims are obsolete after liquidation and licence cancellation, and quoting them as current pricing would falsely suggest that the former regulated OTC service is still available.

No current MAM or PAMM managed-account service should be represented as available through Prospero Markets. The company is in liquidation and its AFS licence is cancelled, so historical money-manager features cannot be treated as a live authorised investment or trading service.

Expert Advisor support is not a current prospective-client feature because Prospero Markets is in liquidation and no authorised new trading account is available. Historical automated-trading compatibility, if any, does not change the ASIC licence cancellation or make the firm suitable for deposits.

No current copy-trading service should be relied on through Prospero Markets. The firm is in liquidation and AFS licence 423034 is cancelled, so old social- or copy-trading functionality would not establish an authorised account route and should not be used as a reason to send funds.