Understanding Prosper's Fee Structure

At Prosper, we believe in providing our users with a transparent and fair fee structure. We want to make sure that you understand exactly how our fees work, so you can make informed decisions about your savings and investments. In this article, we will explain how Prosper does not charge a platform fee for using our app, as well as the costs (or lack of them!) for opening, transferring, and depositing money.

You may be wondering, if Prosper doesn't charge any fees, how do we make money? The answer is simple - we retain any interest on your uninvested cash in investment accounts. We will let you know whenever you have over £1000 of uninvested cash in investment accounts but you should make sure you always keep your money in funds where it can make you the best returns. By doing so, you can maximise your potential earnings.

In the future we will charge our high net worth customers for accessing private market funds and other alternative investments.

One of the key benefits of using Prosper is that we do not charge any platform fees. This means that you can use our app to invest in funds without having to pay any additional fees. We believe that this sets us apart from other investment platforms and allows our users to keep more of their returns.

In addition to not charging platform fees, Prosper also does not charge any fees for opening an account, transferring funds, or depositing money. This means that you can easily and quickly get started with investing without having to worry about any hidden fees.

In summary, Prosper does not charge any platform fees for using our app or for opening, transferring, and depositing money. We believe in providing our users with a transparent and fair fee structure, and we make our money by not paying interest on uninvested cash. We hope this article has helped you understand our fee structure better. Happy investing!

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