Going offshore to escape the CFTC

::begin update::
my best guess is that prosperityfx is a pure bucketshop that simply pockets your money, betting that you will lose your money… i am a bit tired right now to explain how criminal bucketshops operate, but i am extremely suspicious of this company…
::end update::

i took a brief look at prosperityfx, and it looks like there are some very not so reputable companies at the same address, and there are multiple forex brokers at the same physical address.

why would there be so many questionable things going on at the same physical address?

https://www.google.com/search?q=Beachmont+Business+Centre,+Kingstown,+St.+Vincent+and+the+Grenadines

i could be wrong about this, but i think that this is where the prosperityfx broker is located at, which looks to be a fairly cheesy month to month office rental with virtual offices and mail services:

this is flipping multiple red flags up for me… i wouldnt deposit monies with any company that is located in a virtual office space with other forex brokers and there are several companies at this address that are flagged as scam companies.

1 Like

This is a drop-box location service that is offered to many offshore brokers who do not have physical locations in that country. We discussed it a few years ago in this thread.

prosperityfx is one of the fastest withdrawal brokers on our list, they process withdrawals within 1hr same day including weekends

1 Like

yes it’s a physical address

1 Like

ok. so now we have gone full circle here…

first you insist that this is only a mailing address.

i verified this to NOT BE CORRECT.

now you agree with me that this is their physical address.

which brings us back to square one which sure looks like they are nested up with a bunch of scam stuff.

additional due diligince will be required, but it doesnt look good at this stage of the game.

https://www.google.com/search?q=Beachmont+Business+Centre,+Kingstown,+St.+Vincent+and+the+Grenadines

1 Like

dude don’t let their word play fool you, if you go to the island you will see a physical address

1 Like

first, i am not your dude.

lets get that straight first.

second, i am conducting some due diligence now.

so if you are not a dude what should i call you? woman

i am not your dude.

of course you are not my dude i date women

1 Like

BUCKET SHOP ALERT.
BROKER OPERATING WITHOUT LIQUIDITY PROVIDER

Prosperity LLC
Beachmont Business Centre,
Suite 80,
Kingstown,
St. Vincent and the Grenadines

we have traders here that dealt with them including me that will suggest otherwise, you are entitled to your personal opinion but in this thread we prefer traders to have personal experience with said broker

THEY DONT HAVE A LIQUIDITY PROVIDER.

THEY ARE A WEBSITE WITH A BANK ACCOUNT.

THEY ARE OFFICED IN A $200.00/MONTH SUITE IN A BUILDING THAT HOSTS MULTIPLE BUSINESSES THAT ARE FLAGGED AS SCAMS.

YOU DO THE MATH.

https://www.google.com/search?q=Beachmont+Business+Centre,+Kingstown,+St.+Vincent+and+the+Grenadines

we already did, we good

deleted by me, don’t wanna give the boys info

I do not get what is wrong with you. You jump into the middle of the thread and act like you made a huge discovery. Maybe you can ask first if it was addressed or do a little research.

You did not say anything that is new. As Small Paul said you have no experience with them but just repeat yourself continuously. Many brokers use that address as a mailing service. You like it or not it is up to you. Everyone knows there are risks with offshore brokerages and everyone should decide if it worth the risk of deposit there.

As of now there are no negative reviews. More than that, you try to use the word “Market maker” but seems like it is not in your vocabulary. It is actually not the best setup but on the other side quite normal in forex business and who cares if they are Market maker as long as they process withdrawals.

2 Likes

https://tradersunion.com/brokers/forex/view/prosperityfx/

i don’t know why this dude comes in here hating on a broker when he don’t trade with offshore brokers, i can see if he got scam by one of our offshore brokers and wanted to give us a heads up.

this “dude” looked up their address and it seems that there are pretty much ONLY SCAMS IN THAT BUILDING AND THAT BUILDING RENTS PROBABLY $200/MONTH OFFICES TO ANY IDIOT THAT HAS $200.00

ITS A BUCKET SHOP… ITS A SCAM.

https://www.google.com/search?q=Beachmont+Business+Centre,+Kingstown,+St.+Vincent+and+the+Grenadines

we are so far beyond that point in this thread with brokers on our list, the only thing we’re looking for is a trend based on current clients not receiving withdrawals or engaging in shady trading practices

2 Likes