Since October 2023, when this company first started, they have been offering FX and CFD trading services worldwide. Luckily, in less than two months, their intentions are exposed.
In general, at first glance, some might think this company is legitimate. However, our honest Park Financial Consulting review and detailed analysis reveals it all.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | FCA |
| Registered In: | UK (allegedly0 |
| Operating Since: | 2023 |
| Trading Platforms: | N/A |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | 100 GBP |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptos, Forex, Indices, Commodities, Stocks |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | With all the lies about regulatory oversight and warnings from the FCA, withdrawal problems are inevitable. If you can’t get your funds out, don’t wait a bit. Contact our refund specialists and get the first refund consultation free of charge. |
Legal Info: Is Park Financial Consulting Legit Or A Scam?
As can be seen, this company claims to have multiple regulations, from offshore ones like IFSC (Belize) to top-tier ones like FCA, ASIC, CySEC, DFSA, and FSCA. Yet, detailed research didn’t bring any results. Therefore, you can consider all their statements fraudulent.
Luckily, the confirmation of that can be found in a recently published warning. Believe it or not, comes straight from the UK’s Financial Conduct Authority (FCA). With this in mind, you know that the company’s statements about full transparency and absolute security are fake.
Who Are Park Financial Consulting’s Victims?
The company has mostly been targeting a few countries in these couple of months. But once you realize these countries have strong regulatory oversight, it’s nonsense trying to scam their citizens. Those countries are:
- United States
- Poland
- Germany
Regardless of your residence, you are invited to leave your opinion about this company in the comments below. In case you are looking for refund options, our team of specialists is available for consultation.
Investment Costs With Park Financial Consulting
The company claims to have full transparency, isn’t it? Yet, the Park Financial Consulting trading firm does not reveal any trading costs. Overnight swaps, stock trading commissions, and fees are not disclosed. That tells you all about their transparency.
The only thing we trust this company is the leverage offered. Also, that’s another sign they are not regulated. If they are, you couldn’t get the leverage of 1:500 they are offering.
Bonuses
Another key fact is the bonus policy. The Park Financial Consulting Forex brokerage is using various tricks to scam traders. The catch is that traders can’t withdraw any funds generated with a credit bonus. But who determines what’s generated with the bonus? Only this fraudulent broker. Ultimately, you are left with nothing to withdraw.
Park Financial Consulting Trading Features
All the account types just present some fictive benefits traders are allegedly getting, such as contract trading, PAMM Accounts, access to IPOs, copy trading, and more. Yet, without Park Financial Consulting’s regulation and credibility, you can’t trust any of those.
Trading Platform Available
One of the major problems with non-licensed companies is the trading software. Overall, it’s recommended to use third-party solutions. For instance, cTrader, DAX Trader Pro, or MetaTrader. The main reason is high security and transparency.
Sadly, this investment firm doesn’t reveal its technology. But surely, you can expect something that is easily manipulated. In the best case, it is a proprietary web-based platform.
Available Trading Assets
Tradeable assets with this company are another mystery we have to reveal. Even though they claim to offer all the favorite categories, there’s no way to prove that. But if we trust them, traders can expect:
- Forex – GBP/JPY, EUR/SEK, AUD/NZD
- Commodities – gold, natural gas, palladium
- Shares – Amazon, Tesla, IBM
- Cryptos – BTC, BCH, BNB
- Indices – DAX 30, S&P 500, NASDAQ
Account Types
The company’s account types are diversified by the assets available on the selected account. In this case, traders can choose between four regular accounts and a savings account. The regular account types are:
- Forex + Cryptos – 100 GBP
- Commodities – 10.000 GBP
- Stocks – 50.000 GBP
- Indices – 100.000 GBP
Mobile Trading App
In today’s trading world, mobile apps play a key role in choosing a broker. Especially when you are using social and copy trading features. Wherever you are, you can make your decisions comfortably.
But that’s not the case with the Park Financial Consulting Ltd brokerage. Also, if you read our Otet Markets review, you will see this is a standard pattern among swindlers.
Demo Account
Another key feature mandatory for inexperienced traders is a demo account. But even experienced ones are looking for it lately. Primarily to see if the company is misleading traders about features and tools.
With this in mind, we understand why this company doesn’t offer it. All the secrets must be kept behind closed doors. To see more tips on how to avoid that, check out our detailed Key Way Investments review.
Education
The only thing related to education with this brokerage is webinars. Yet, more details are not disclosed. But you can’t expect anything relevant there with their fake regulatory statements, unknown conditions, and lack of regulation.
Park Financial Consulting Withdrawal
Interestingly, the company claims to process withdrawals after 48 hours upon request. Practically, it can take forever, and they are covered. Be careful of their Partnership Compensation Plans because these might prevent you from any withdrawals.
On top of that, the company doesn’t reveal any withdrawal fees. So, they can make up any along the way. Same as with other excuses not to approve a withdrawal.
Customer Support
As it seems, the company offers support 24/7. Everyone might think it’s legit with e-mail and a phone number available. Hopefully, Park Financial Consulting reviews will tell us the truth in the future. But with so many lies, you can’t expect professional and supportive customer service.
Key Information To Consider About Park Financial Consulting
The first and most important detail is that the company is lying about regulations. None of the mentioned regulatory entities issued them a license. Also, there’s a warning from the FCA. Anyone with clear eyesight can spot this scam.
But it’s not the end of the world if you don’t. There’s still a way to recover the funds. One of the options is a chargeback. On the other hand, there are alternative methods available for alternative payment solutions. In either case, you can seek our professional assistance. But primarily, book a free first consultation and explore the options.
FAQ Section
What is Park Financial Consulting?
Park Financial Consulting is a freshly registered FX and CFD trading company with a presented address from the United Kingdom.
Is Park Financial Consulting Legit?
To sum it up, no. They present themselves as a multi-regulated brokerage while in reality, they have zero licenses.
Can I Recover Money from a Scam Broker?
Depending on the payment method, our team would suggest different options. Hopefully, you will have an option for a chargeback. For detailed advice, contact our team.
