Parenta Financial Services Limited does not disclose details about its history, including the date of its creation. As for the domain, it was registered only in July 2023 in the UK. In addition, the project does not have a license from any regulator. Finally, the London office address listed on the website tells us nothing about the actual place of incorporation of the company.
Can we trust this broker? How reliable is its terminal? We will understand the functionality, and find out whether it is possible to cooperate with this company and earn on the platform by trading assets.
Trading Conditions
The platform offers various financial services: forex, commodities, equities, CFDs, and investing. Parenta Financial Services Limited provides traders with 400+ trading instruments and real-time access to asset prices. You can fund your deposit by transfer from another firm’s bank account, card, brokerage, or investment account, as well as via Sepa and cryptocurrency wallets.
A customer registered on the site can use 5 types of accounts:
- Forex/Crypto £100 – includes a test period with an expert for 5 days.
- Commodities £5,711 – contracts can be traded.
- Stock £16,594 – plus PAMM account, copy trading, IPO placement.
- Indicies £121,144 – plus trade insurance, arbitrage, off-market investments.
- Savings Account 21-37% – Online money management with monthly fixed percentage profit payments, lump sum insurance available.
The broker claims that it currently serves more than 40 thousand clients. The service offers 4 order execution modes: request, instant, market, and exchange. The terminal can be opened via a web trader or a mobile application can be installed on a smartphone.
The company’s services include analytics, training, customized trading plans, and investor accreditation. However, all these features are only available for accounts with higher deposits.
FAQ
Would investing in Parenta Financial Services Limited offer the best returns?
When you invest in an unknown platform, in risky CFD trading or other financial products with the expectation of profit, there is always a high probability of losing money. The company promises to consistently pay out up to 37% on your deposit, this is an unrealistic return, so cooperation will turn out to be a loss of funds for you, not their acquisition.
Does Parenta Financial Services Limited carry out withdrawals?
We can see that the broker has been on the market for a very short time. We have concluded, based on the analysis of the website and customer reviews, that you are unlikely to be able to withdraw money from your account. Please share your experience in the comments.
May I be scammed on parentafinancialservicesltd.com?
The company claims to be registered in London as a legal entity but has no license for its services, nor official documents confirming the location of the headquarters. In addition, it has a very poor website and new domain, which is why the risk of fraud is high.
What's the best way to share my experience with Parenta Financial Services Limited?
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How can I tell if Parenta Financial Services Limited is a fraudulent company?
Do your own research and never believe those who promise you easy money.
10 reviews about Parenta Financial Services Limited