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
The brokerage firm 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:
Forex/crypto. The minimum deposit is £100.
Commodities. From £5,711.
Stock. At least £16,594.
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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The Goods & The Bads
Diverse additional services.
Low minimum deposit.
Lack of regulation. Parenta Financial Services Limited has not received a license from the FCA.
Too short an operating period. The domain was registered in July 2023.
A business model based on a conflict of interest.
Hidden conditions. Commissions and spreads are unknown.
False information about registration in the United Kingdom.
Don't fall for this. Parenta Financial Services Limited is a clear representative of fraudulent brokers and pseudo-intermediaries. There's no real trading here, no real quotes. It's purely a mock-up and illusion. Your trades aren't executed with liquidity providers or in the real market, so there's no point in trading with this broker because your success is not needed; it's simply not profitable for them, and that's it.
This scam also hasn't acquired any licenses. Understandably, which regulator would issue a license to a fake broker? These scammers obviously didn't even try to get a license, didn't even think about it. They created their little website almost yesterday to scam people quickly and then disappear into the sunset.
Once again, if you don't understand that it is a scam, here's what awaits you – you'll deposit funds, but won't be able to withdraw. This scambroker won't return your money, do you need this?
If you consider Parenta Financial Services Ltd, it's a normal broker. There are pros and cons. I don't really see the presence of a unique advantage, it is there, but only on account types that require colossal deposit replenishment. It's unlikely that such clients will be found who will invest tens of thousands. And for beginners and those who don't have a lot of capital, Parenta Financial essentially offers nothing. Therefore, the company is not suitable for everyone. I personally would not invest money here.
I traded on parentafinancialservicesltd.com for some time. I can't say it was a good and quality trading experience, but rather the opposite. The platform lagged severely and constantly froze. It was impossible to perform proper technical analysis because all the analysis was automatically removed the next day for some reason.
Besides, the broker offers very unfavorable conditions: huge commissions and high spreads. Due to such high commissions, it's very difficult to trade profitably. You need to be the best trader to make a profit here. In the end, I left the platform and now trade somewhere else. Maybe someone will like this platform, but not me.
Where do they get 40,000 traders from? It's complete nonsense! The broker is absolutely illegal and has no license. Parenta Financial Services Limited operates fraudulently. These are anonymous scammers who created their fake platform and then just scam naive traders for money. They also like to order fake positive reviews on the internet, so don't believe such comments, no matter how cool and attractive they are.
It is a great example of a fake broker. It's a place you should never trade! Remember this once and for all. Especially beginners.
Scammers from parentafinancialservicesltd.com aren't responding to me! I filed a request last month to withdraw my deposit of 1,500 pounds. But the money still hasn't arrived in my account. Moreover, the request is still not processed. What should I do?
The conditions aren't very good, and important parameters are not indicated. The operating period is also unclear. And the website is empty. Although there may be some positive aspects. But I still wouldn't take the risk. There are brokers with a more proven reputation.
A friend of mine believed in the scam and gave his money to the fraudsters from Parenta Financial Services Limited. He took out a loan of about 10,000 dollars and transferred it all to the scammers. It didn't bother him that the broker was fake, unlicensed, unknown when it was founded, and that the website had no legal documents. The fraudsters just easily scammed him out of his money.
It would have been enough to check the FCA registry, and then it would have been easy to understand the fraudulent nature of Parenta Financial. It's now hard to find exposés and negative comments on the internet because criminals pay money to have negative and revealing content removed.
Everything here is extremely simple and convenient. Register in one minute, then provide documents for KYC, and then you can start replenishing the deposit. Very easy and simple. Managers help, and the firm is very communicative and customer-oriented.
When I first heard about Parenta Financial Services Limited, there were no reviews on the internet at all. By the way, a friend who wanted to open a deposit there told me about it, but I dissuaded him from doing it because the firm is clearly a scam. How he came across it is also unclear. The broker only recently started operating. The domain registration date clearly hints that it has a very short operating period. The domain was created only in July 2023.
I didn't even consider the conditions because it makes no sense. Scammers can write anything in the conditions, as withdrawing funds is definitely impossible. Such fly-by-night companies engage in scams. If the firm actually lasts for 2-3 years, then its conditions can be considered.
I went searching in the registries for Parenta Financial Services Limited. Found it in the UK's Companies House registry. The company was formed in 2015 but had already disbanded by 2022, and its type of activity was far from brokerage services. I concluded that it was not the same organization. So where is this brokerage firm? An experienced trader told me that there are groups of fraudsters who find companies in legal entity registries, take their names, and start providing access to online trading under them. Of course, these are illegal operating fraudulently. They primarily look for firms that haven't made a name for themselves on the internet, create a copy of the site, and offer to invest real money. When this was explained to me, my puzzle finally came together. So there's some information for you, hopefully, it helps someone save their money. The conclusion is simple, this project - fraudsters and scammers.
Parenta Financial Services Limited - scammers and deceivers... looking for naive traders who can be easily scammed out of money... people, be careful, you can't invest money here, as this is a fraud...
Don't fall for this. Parenta Financial Services Limited is a clear representative of fraudulent brokers and pseudo-intermediaries. There's no real trading here, no real quotes. It's purely a mock-up and illusion. Your trades aren't executed with liquidity providers or in the real market, so there's no point in trading with this broker because your success is not needed; it's simply not profitable for them, and that's it.
This scam also hasn't acquired any licenses. Understandably, which regulator would issue a license to a fake broker? These scammers obviously didn't even try to get a license, didn't even think about it. They created their little website almost yesterday to scam people quickly and then disappear into the sunset.
Once again, if you don't understand that it is a scam, here's what awaits you – you'll deposit funds, but won't be able to withdraw. This scambroker won't return your money, do you need this?
If you consider Parenta Financial Services Ltd, it's a normal broker. There are pros and cons. I don't really see the presence of a unique advantage, it is there, but only on account types that require colossal deposit replenishment. It's unlikely that such clients will be found who will invest tens of thousands. And for beginners and those who don't have a lot of capital, Parenta Financial essentially offers nothing. Therefore, the company is not suitable for everyone. I personally would not invest money here.
I traded on parentafinancialservicesltd.com for some time. I can't say it was a good and quality trading experience, but rather the opposite. The platform lagged severely and constantly froze. It was impossible to perform proper technical analysis because all the analysis was automatically removed the next day for some reason.
Besides, the broker offers very unfavorable conditions: huge commissions and high spreads. Due to such high commissions, it's very difficult to trade profitably. You need to be the best trader to make a profit here. In the end, I left the platform and now trade somewhere else. Maybe someone will like this platform, but not me.
Where do they get 40,000 traders from? It's complete nonsense! The broker is absolutely illegal and has no license. Parenta Financial Services Limited operates fraudulently. These are anonymous scammers who created their fake platform and then just scam naive traders for money. They also like to order fake positive reviews on the internet, so don't believe such comments, no matter how cool and attractive they are.
It is a great example of a fake broker. It's a place you should never trade! Remember this once and for all. Especially beginners.
Scammers from parentafinancialservicesltd.com aren't responding to me! I filed a request last month to withdraw my deposit of 1,500 pounds. But the money still hasn't arrived in my account. Moreover, the request is still not processed. What should I do?
The conditions aren't very good, and important parameters are not indicated. The operating period is also unclear. And the website is empty. Although there may be some positive aspects. But I still wouldn't take the risk. There are brokers with a more proven reputation.
A friend of mine believed in the scam and gave his money to the fraudsters from Parenta Financial Services Limited. He took out a loan of about 10,000 dollars and transferred it all to the scammers. It didn't bother him that the broker was fake, unlicensed, unknown when it was founded, and that the website had no legal documents. The fraudsters just easily scammed him out of his money.
It would have been enough to check the FCA registry, and then it would have been easy to understand the fraudulent nature of Parenta Financial. It's now hard to find exposés and negative comments on the internet because criminals pay money to have negative and revealing content removed.
Everything here is extremely simple and convenient. Register in one minute, then provide documents for KYC, and then you can start replenishing the deposit. Very easy and simple. Managers help, and the firm is very communicative and customer-oriented.
When I first heard about Parenta Financial Services Limited, there were no reviews on the internet at all. By the way, a friend who wanted to open a deposit there told me about it, but I dissuaded him from doing it because the firm is clearly a scam. How he came across it is also unclear. The broker only recently started operating. The domain registration date clearly hints that it has a very short operating period. The domain was created only in July 2023.
I didn't even consider the conditions because it makes no sense. Scammers can write anything in the conditions, as withdrawing funds is definitely impossible. Such fly-by-night companies engage in scams. If the firm actually lasts for 2-3 years, then its conditions can be considered.
I went searching in the registries for Parenta Financial Services Limited. Found it in the UK's Companies House registry. The company was formed in 2015 but had already disbanded by 2022, and its type of activity was far from brokerage services. I concluded that it was not the same organization. So where is this brokerage firm? An experienced trader told me that there are groups of fraudsters who find companies in legal entity registries, take their names, and start providing access to online trading under them. Of course, these are illegal operating fraudulently. They primarily look for firms that haven't made a name for themselves on the internet, create a copy of the site, and offer to invest real money. When this was explained to me, my puzzle finally came together. So there's some information for you, hopefully, it helps someone save their money. The conclusion is simple, this project - fraudsters and scammers.
Parenta Financial Services Limited - scammers and deceivers... looking for naive traders who can be easily scammed out of money... people, be careful, you can't invest money here, as this is a fraud...