Prospero Markets Wholesale Client
Upgrade to Wholesale Client status, access higher leverage and benefit from our excellent service.
In Australia, clients are categorised as either Retail or Wholesale Clients under the Corporations Act 2001 (Cth).
There are a few different ways Wholesale Clients are assessed, to check whether you meet any of the eligibility criteria and are approved.
In Australia, clients are categorised as either Retail or Wholesale Clients under the Corporations Act 2001 (Cth).
There are a few different ways Wholesale Clients are assessed, to check whether you meet any of the eligibility criteria and are approved.
Am I eligible?
To enjoy all the benefits of Wholesale Clients, you’ll need to meet one of the following eligibility criterias.
Criteria 1: Wealth Investor
Minimum net assets of AUD$2.5 million*, or
Minimum gross income AUD$250,000 for each of the last 2 years*.
* Accountants certificate - 2 years expiry
Criteria 2: Sophisticated Investor
1.Have demonstrable knowledge of CFD or other leveraged derivatives trading by completing a short knowledge test; and
2.
Provide account/transaction statements showing minimum of 20 CFD transactions (Including fx, indices, commodities, metals and Share CFDs) and AUD $500,000 aggregate notional transaction value per quarter in at least 4 quarters over the past 2 years, or Provide evidence of employment showing that the client is currently working or have previously worked for at least one year in a professional position which requires the knowledge of, and experience in, leveraged trading in FX or CFDs
Criteria 3: Institutional Investor
Australian Financial Service Licensee
Account Leverage
Forex
Leverage up to 400:1
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USDHKD, USDSGD
Fixed Leverage
| Symbol | Leverage |
| USDCNH | 100 |
| AUDCNH | 100 |
| USDMXN | 10 |
| USDNOK | 20 |
| EURNOK | 20 |
| Symbol | Leverage |
| USDSEK | 20 |
| USDZAR | 10 |
| USDTRY | 10 |
| EURTRY | 10 |
Futures
Fixed Leverage
| Symbol | Leverage |
| XAU(02/04/06/08/10/12) | 50:1 |
| WTI(01/02/03/04/05/06/07/08/09/10/11/12) | 100:1 |
| UKO(01/02/03/04/05/06/07/08/09/10/11/12) | 10:1 |
| VIX(01/02/03/04/05/06/07/08/09/10/11/12) | 10:1 |
| USDX(03/06/09/12) | 20:1 |
Commodities
Leverage up to 400:1
XAUUSD
Fixed Leverage
| Symbol | Leverage |
| XAGUSD | 100:1 |
| UKOUSD | 100:1 |
| USOUSD | 100:1 |
| XPDUSD | 50:1 |
| XPTUSD | 50:1 |
| NGAS | 10:1 |
| Symbol | Leverage |
| Copper | 10:1 |
| Cocoa | 10:1 |
| Corn | 10:1 |
| Cotton | 10:1 |
| Soybean | 10:1 |
| Wheat | 10:1 |
Indices
Fixed Leverage
| Symbol | Leverage |
| JP225 | 20:1 |
| AUS200 | 20:1 |
| DE30 | 20:1 |
| F40 | 20:1 |
| UK100 | 20:1 |
| US30 | 20:1 |
| Symbol | Leverage |
| US500 | 20:1 |
| USTEC | 20:1 |
| A50 | 10:1 |
| HK50 | 10:1 |
| EU50 | 10:1 |
Share CFDs
Fixed Leverage 5:1
Note: All adjustable leverage (Up to 400:1) products will maintain the same leverage.
How to apply?
To inquire about becoming a Prospero Wholesale Client, please contact us at prosperoplus@prosperomarkets.com and include your name, phone number, email, and Prospero account number if you are an existing Prospero client.
We will endeavor to contact you within 1-2 business days.
We will endeavor to contact you within 1-2 business days.
What are the benefits of
Prospero Markets Wholesale Clients?
Prospero Markets Wholesale Clients?
Access to higher leverage
Dedicated service to enhance your trading experience.
Special promotions limited to retail clients
What protections do I lose
as a Wholesale Client?
as a Wholesale Client?
As a Wholesale Client you will not receive some of the protections Retail Clients receive. Product risks and other important information are detailed in the Wholesale Client Agreement.
• You will not be protected under ASIC's Product Intervention Order – including leverage restrictions and negative balance protection (commencing on 29 March 2021).
• You may not be eligible to access the dispute resolution services offered by the Australian Financial Complaints Authority (“AFCA”).
• You will not receive disclosure documents namely, the provision of a Product Disclosure Statement (PDS), Financial Services Guide (FSG), or any other relevant documents that Prospero Markets will typically provide to retail clients.
• You may not be eligible to access the dispute resolution services offered by the Australian Financial Complaints Authority (“AFCA”).
• You will not receive disclosure documents namely, the provision of a Product Disclosure Statement (PDS), Financial Services Guide (FSG), or any other relevant documents that Prospero Markets will typically provide to retail clients.
What documents
do I need to sign?
do I need to sign?
You will need to read the Prospero Markets Wholesale Client Agreement，in its entirety, then review and sign the Wholesale Client Transfer Form (Request to Become a Wholesale Client)and Wholesale Client Questionnaire.
Wholesale Client Agreement.pdfContact
You can scan or take a photo of the above signed forms and email the electronic copies to prosperoplus@prosperomarkets.com.
Once we have received your forms, we will advise the outcome of your application within 7 business days.
Once we have received your forms, we will advise the outcome of your application within 7 business days.