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ParFX

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Operating status: SCAM

Website: https://www.parfx.com/

Broker violations and abnormal records
  • 2023-10-18 BrokersView has Reviewed that ParFX is an Unregulated Broker

    According to its website, ParFX is owned by Tradition Financial Services Limited and is based in the United Kingdom. After verification, we found the corresponding company name on the British company page and the Financial Conduct Authority (FCA), but the registration URL with the FCA does not match the platform URL, and the business scope does not include retail foreign exchange customers.

    The truth is that ParFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, ParFX is a scam.

    According to its website, ParFX is owned by Tradition Financial Services Limited and is based in the United Kingdom. After verification, we found the corresponding company name on the British company page and the Financial Conduct Authority (FCA), but the registration URL with the FCA does not match the platform URL, and the business scope does not include retail foreign exchange customers.The truth is that ParFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, ParFX is a scam.

Related Complaints

Q&A

What document should I offer to open an account on ParFX?

noradoll48
Liberia
2023-11-08
ANSWER We strongly advise you against engaging with ParFX. Odds favor that it is an impersonation scam as it seems to be misusing the regulatory information of a legitimate company to pose as an authorized trading platform and deceive investors.On ParFX's website, it claims to be operated by a company called Tradition Financial Services Limited in the UK. While our search indeed located corresponding information about this company, it is crucial to note that the details including the website address listed on the website of the Financial Conduct Authority (FCA), the UK financial regulator, are inconsistent with ParFX. Furthermore, this FCA-authorized entity is not allowed to accept retail forex customers.Therefore, ParFX appears to be a scam. By trading with this platform, traders may expose themselves to fraud and identity theft, which could be financially and personally devastating. To mitigate such risks, it is recommended to choose fully regulated brokers only.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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