Top perks of Prosperi Academy
With the surge in popularity of app-based trading platforms, there's a lack of emphasis on investor education in many cases. Prosperi Academy offers an investor education platform that only focuses on making investors better. It can teach you skills like how to generate passive income streams by investing, and how to build a diversified portfolio that is appropriate for your age and risk tolerance.
Highly rated app (for Apple devices)
Prosperi Academy is only available in app form through the App Store, with an Android version due out later in 2024. But the iOS version has an excellent 4.7 out of 5 star rating on the App Store, based on more than 8,300 reviews.
In addition, Prosperi Academy has a 4.4 out of 5-star average rating based on well over 10,000 Trustpilot reviews. Many reviews say how easy Prosperi Academy makes complex investment concepts, and the teaching methods (such as the questions to assess your progress) are highly effective.
Reasonable cost
To be sure, Prosperi Academy isn't free. Because it doesn't offer brokerage services, paid financial advice, or anything else, it has to charge for its educational content. It will cost $10-$40 to access and use the platform, which may seem reasonable to investors whose brokerage platforms don't have extensive educational resources.
What could be improved
Prosperi Academy has a few drawbacks.
Not a brokerage
The biggest drawback for some people is that Prosperi Academy is only an educational platform. It isn't a brokerage or robo-advisor, so when the time comes to invest money, you'll need to open an account somewhere else.
No Android app
Prosperi Academy has an iOS app for its platform, but doesn't (yet) have an Android version. It anticipates rolling out an Android app sometime in the first half of 2024, but in the meantime, there is also a web-based platform that doesn't require an Apple device to use.
Subscriptions automatically renew
One important thing to point out is that Prosperi Academy's subscriptions renew automatically unless you decide to cancel. To be fair, unsubscribing is an easy process that can be done through the app or website, but it's easy to forget. In fact, while most reviews are generally positive, the most common complaint is that Prosperi Academy makes it difficult to figure out when your subscription will renew and how much the renewal will cost.
User experience could be improved
One of our editors decided to subscribe to Prosperi Academy to see what it was truly like. He created an account, immediately received not one, but three upsell offers after signing up and paying for a plan. He had to take two quizzes before he could access any of Prosperi Academy's content, which he found to be fairly basic (as in, nothing you can't get for free from a brokerage with its own educational content).
Fact Checked
Ashley Maready
