Prosparksfx is a contract for difference (CFD) broker with its official domain registered on October 9, 2023. This broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the Prosparksfx (prosparksfx.live) official website, the broker was established in 2016, claiming its company entity is VLS and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its company entity registration information or detailed regulatory information.
Upon verification, ASIC does not show any regulated company named "VLS."
Hence, Prosparksfx (prosparksfx.live) is essentially a scam broker website without any company entity or regulatory oversight.
Account Opening Process
To open an account with Prosparksfx, visit their official website and click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the page. Fill in your personal information such as name and email, create a login password, and submit. After account verification, your registration will be successful.
Trading Instruments:
Prosparksfx offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage to increase potential returns.
- Commodities: Commodity trading covers essential resources in global markets, allowing traders to buy and sell a variety of raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of publicly traded companies, earning from price changes and dividends based on company performance without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Prosparksfx offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- All benefits included
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
Prosparksfx offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over-comprehensive liquidity providers and more than 12,000 orders executed per second.
Deposits and Withdrawals
Prosparksfx supports deposits and withdrawals exclusively via cryptocurrencies.
Conclusion:
Traderknows reminds investors that prosparksfx is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
