Another British broker, Parenta Financial Services Limited, offers the best conditions, which we will discuss in our review. According to the information on the official website, over 40,000 clients are already trading here, and the total trading value exceeds 5 million dollars. Despite its headquarters in the United Kingdom, the firm does not mention having a license from the FCA. By the way, the founding date also remains a mystery. Overall, it looks strange, doesn’t it? Can such a platform be trusted with money, or is it not worth the risk?

How to Trade

Parenta Financial Services Limited promises to provide a modern platform, signals, over 400 assets, an economic calendar, and low commissions. To start trading, you need to decide on a tariff plan:

  1. Forex/crypto. The minimum deposit is £100.
  2. Commodities. From £5,711.
  3. Stock. At least £16,594.
  4. Indices. £121,144, and more.

The better the tariff, the more additional services are offered. For example, news from the financial world, webinars, weekly reports from the ECB, PAMM, IPO, copy-trading, and many other opportunities.

In addition, the company offers to invest money with a return ranging from 21% to 37% per month. At the same time, users can receive additional income thanks to an affiliate program.

Parenta Financial Services Limited Vital Info

The absence of a founding date on the official website of the broker seems quite strange. Why does the company hide such an important detail of its activity? Could it be related to the short lifespan of the platform? If attention is paid to when its domain was registered, it becomes clear when the organization was founded. That is, July 21, 2023.

What’s wrong with a firm that says nothing about regulation? Any British broker must obtain a license from the FCA. In the Companies House and FCA registries, there is an organization named Parenta Financial Services Limited, but it is not the subject of our review, but a different firm. This is indicated by different legal data and contacts.

FAQ

What are the key facts about Parenta Financial Services Limited?

The founding date is hidden for a reason. The fact is that the broker appeared quite recently, namely in the summer of 2023, because the domain was registered in July 2023. In addition, the firm lacks regulation by the FCA, which should not be the case. Even in the registry of legal entities, a completely different organization is listed under such a name. The founders' names are not disclosed, registration documents are not uploaded, and the business model remains in question. However, we can confidently say that it is a dealing desk.

What's the risk to my wallet when working with this company?

The main and, perhaps, the only risk to keep in mind is the impossibility of withdrawing funds. Brokers like Parenta Financial Services Limited can easily deny you the withdrawal of funds, and you will be unable to do anything about it. There will be nowhere to turn, as there is no regulation. In simple terms, client interests are not protected in any way. There are no guarantees.

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