Prospero Markets Review

About Prospero Markets

Prospero Markets Pty Ltd is an Australian over‑the‑counter derivatives firm that offered contracts for difference in margin FX and other assets from Melbourne. Its Australian Financial Services (AFS) licence No. 423034 was cancelled effective 25 September 2024, and liquidators from BRI Ferrier were appointed to wind up the company following proceedings brought by the Australian Securities and Investments Commission (ASIC). The cancellation followed the earlier suspension of the licence for failures related to audited financial reporting. ASIC, ASIC

Before cancellation, the AFS licence authorised Prospero Markets to issue and make a market in derivatives and foreign exchange contracts, deal in those products on behalf of clients, and provide related financial product advice to retail and wholesale clients. The Federal Court ordered the company to be wound up and liquidators appointed after ASIC applied to the Court; ASIC’s media and enforcement materials describe these steps and the resulting licence status. An editor’s note published by ASIC on 12 March 2025 varied the cancellation order by removing specifications on AFCA membership, professional indemnity cover and client‑money reporting, while requiring compliance with Corporations Act s912C(1), (1A) and (3) until 25 March 2026 to enable ASIC to obtain information about client money. ASIC, ASIC

ASIC’s publications reference the Federal Court’s winding‑up orders on 10 April 2024 (enforcement page) and 11 April 2024 (media release); both confirm that Prospero Markets was ordered to be wound up and liquidators appointed. In case of discrepancy, ASIC’s materials remain the controlling references. ASIC, ASIC