This firm claims to be registered in the UK and indicates the head office address in the “Contacts” section, which does not coincide with the address in the website’s footer. In addition, the brokerage company displays many logos of licenses from different international trading regulators. Judging by the history on the website, the company was founded in 2018, and the launch of the platform came in 2020. Is this project reliable? In our review of Park Financial Consulting LTD, we will determine the legality of this broker.
How to Trade
It offers clients CFD trading on the MT5 platform as well as on Web Trader with its own software. Traders can use the website or mobile application.
The company promises to provide:
- Customizable accounts with account currency in GBP and leverage from 1:1 to 1:500.
- Trader’s calculator with set volumes and instrument parameters, including currency pairs.
- Four types of traditional accounts with minimum deposits from £100 to £100,000.
- Savings account with 21-37% interest accrual and monthly interest payments.
The range of services differs depending on the minimum deposit amount. The project offers access to webinars, copytrading, arbitrage, insurance, and investor support, but only at the maximum account level. Clients can use bank cards or cryptocurrency for deposits and withdrawals.
The site supports English (by default) and versions in Polish and Russian. Registered users can access the latest news, currency market analytics, and 24/7 technical support.
Park Financial Consulting LTD Vital Info
The website talks about more than 35 thousand active traders and 4 years of the company’s operation. However, the domain appeared only in December 2023. We decided to clarify the age of this organization, registered in London. Indeed, we found information in the register of legal entities of the UK company with the name Park Financial Consulting LTD, which appeared back in 2010, which is much earlier than the age of the project we are investigating. Moreover, it provides lending services rather than financial intermediation in the market.
We will now scrutinize one of the three licenses: from the regulators of Cyprus, the International Financial Services Board (IFSB), and the Financial Services Commission of the Republic of Mauritius. Only their license numbers are listed in the footer of this website. Our check of the CySEC Cyprus license clears up the situation – there is no such company in the register. We believe that there is no point in checking the other licenses. So who owns this company, which manages the site parkfinancialconsulting.org and where is the brokerage activity regulated? It is unknown.
You have to look for information in different sources that every client can see when interacting with a new broker. It's all there in the public domain, for each company. And you will see that parkfinancialconsulting.org is a scam.
Of course, I've heard that among intermediaries there are some not entirely reliable ones, but this is the first time I've met such an irresponsible company. It seems to me that the whole budget of Park financial consulting ltd is spent on advertising, and there's nothing left for terminal maintenance. I started with an investment of 200 pounds, and I tried to make trades, but the terminal did not let me trade with profit because of lags, slippages and delays in updating quotes. Is it possible for anyone to make money in such conditions!
I did not have a profitable cooperation with park financial consulting ltd - as soon as I made a second deposit of 3.5 thousand pounds, so I got requotes one after another, literally through every transaction. I realized that this way I will go completely into the deep red. I lost ⅔ of my deposit for a week and decided to leave the broker, ordered a withdrawal of 752 pounds. So, I paid an additional 15% withdrawal fee. And got the money only after I went through account verification again in two weeks with great difficulty.
My husband is an investor and uses the platform while trading. I, being a housewife, was looking for a new hobby for myself and my husband suggested I try trading, just for fun. As a result, he opened an account for me on this platform with a deposit of £100. I started to learn trading and after a week I lost my deposit. However, my second experience on the platform was better - I earned 20 pounds from my invested 100. Unfortunately, one time my terminal started freezing, but my husband explained to me that it happens to all traders on that day. The first withdrawal took me 5 days, which seemed like quite a long time to me. However, the subsequent withdrawals were done on the same day, so I had no complaints. I decided to stay with this broker. I would like to ask experienced traders, what currency pairs can you recommend me to trade?
I can not withdraw my £892, I wanted to withdraw all that was left of the deposit of £4K, but the broker does not give the money and no one from the representatives of the company does not contact me for three weeks. In a word - it's a scam.
I decided to make some money here, because the broker has so many licenses and the company is registered in London, so it's well regulated. But when the operators asked me for a lot of personal data during verification, such as such details: the presence of movable and immovable property, their location, etc., I just gave up the idea. Isn't that a lot they want to know about me?!!
Hey guys! Do any of you think there's a true broker behind this scam site?!! No, it's just accepting simpletons' money and that's it. I've been watching this gang of thieves for a long time. They open a site, then close it, start a new advertisement, open a new site, accept money from fools.... and on and on. I registered an account at parkfinancialconsulting.org for the purpose of having fun. And here I am having fun :) watching this scam resource.