I like the account management system here whenever I connect to copying signals from the MetaQuotes service.To get more news about prosperityfx, you can visit wikifx.com official website.
1. Fast, instant copying of orders without freezing. I have the investor password of the traders I copy, so I can easily compare their opening quotes and my own. Even making allowance for small differences in brokerage quotes by 2-5 pips, there are no complaints about ProsperityFX.
2. Convenient system for switching between several accounts in the personal cabinet. In a few clicks, without constantly entering passwords, a convenient display of statistics for several accounts is available.
3. No liquidity problems. There were even funny situations: the trader I copy has slippage and delay due to requotes. And I have an average slippage level set in MT4 without a repeated broker request. And on volatility, I manage to close the trade manually before the trader.
The broker is “no-frills”. There are no special tools here. But it is suitable for regular trading.
I would like to draw your attention to several points. First, the broker has no regulation or license. In the FAQs section, the latest information about the license is dated May 2020, and the information has not been updated since. Perhaps the broker is looking for a favorable jurisdiction. Second, in the online chart of spreads for the EUR/USD pair, it is listed as 0.6 pips. And in trading conditions, it is from 0.8-1.2 points. Many accounts have a rather big fixed commission. Does it make sense to cooperate with this broker? Decide for yourself.
This broker is exclusively for medium- and long-term trading in large volumes and as a last resort for intraday trading strategies. The reason is the commissions. For example, on a Pro account with a minimum spread of 0.4, the commission per lot is $8. But, the spread on EUR/USD is 0.6-0.8 pips, which the broker itself confirms on the online chart of the main spreads. The cost of a pip on a full lot in EUR/USD is USD 10, and I will give 8 as a commission, and another USD 6-8 as a spread. Scalping and trading in small volumes are not profitable for me since the profit will either be unfavorably low or will be "eaten up" by the spread/commission. It is also necessary to include the risks of unprofitable trades. Therefore, I can recommend ProsperityFX only for reliable intraday strategies with a price movement of at least 15 pips or for trading with advisors.
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At the ProsperityFX broker, I started with a Mini account. I thought about testing its conditions, and then switching to Standard, because they seem to have identical conditions. Given that this is an ECN, the spreads could be lower. And even pay a commission for a lot, and get spreads like on STP. I didn’t get such conditions, and I decided to change my account to VAR. True, I had to deposit $250, but I chose ProsperityFX on the recommendation of an experienced trader, so I was determined. Spreads on it are not much higher than on a standard account, but there is no commission per lot. The broker offers the MT4 platform, so you can connect to the social trading service. There are no commissions for deposits and withdrawals, leverage is provided.
I have been trading with ProsperityFX for about 7 months. The broker provides quality services, which helps me earn good money. Although I do not consider myself a professional, I have tested the conditions of more than 10 brokers during 2 years of Forex trading, and ProsperityFX definitely stands out from the other players. All trading conditions are on the website, so you can familiarize yourself with them even before opening an account. I made my deposit from the card. This way the money arrives faster than using a bank transfer. I prefer to withdraw in Bitcoins. The leverage here is up to 1:500, which is quite enough for me. If the availability of a license is not a priority for you, then you should pay attention to the ProsperityFX broker.
I don’t trade myself due to lack of time, so I connected the copying of deals in MetaTrader 4. I noticed that ProsperityFX, due to the lack of preliminary order processing, deals in most cases at the best price. Sometimes even better than my signal provider. Once at a news release, the position plunged into a deep drawdown as the floating spread widened. My trade was closed at breakeven because in ProsperityFX the spread is fixed! Choose this broker and you will be happy in Forex.
