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• Our Review Method

• Is Pari Fx Trade Scam or Legit Broker?

• What is Pari Fx Trade?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Pari Fx Trade due to the issues we've identified.

Is Pari Fx Trade Scam or Legit Broker? ▲

Pari Fx Trade, unfortunately, falls into the category of brokers that are not safe for trading activities. The ownership of Pari Fx Trade traces back to EXPERT Markets, a company with registration in Seychelles. Seychelles is known for its lenient approach to regulation, especially concerning the forex market, making it a haven for brokers seeking to operate with minimal oversight. This lack of stringent regulations is a common trait among less reputable forex brokers, including notorious names like Hugo’s Way and Worldwide CapitalFX.

What is Pari Fx Trade? ▲

Pari Fx Trade positions itself as a leading financial institution within Europe, focusing on Forex/CFD trading. However, further scrutiny reveals that Pari Fx Trade is essentially a clone of regulated entities, misleading potential customers with false licensing claims. Although it purports to hold licenses from reputable authorities such as the U.S. National Futures Association (NFA), the Financial Services Commission, and the Cyprus Securities and Exchange Commission (CySEC), these claims are unfounded. The supposed CySEC license, upon investigation, actually pertains to BDSwiss, a completely unrelated and legitimately regulated broker. This deceptive practice of cloning regulated firms' details is a significant red flag, underscoring the importance of steering clear from such entities. Moreover, the CySEC has explicitly warned against Pari Fx Trade, confirming its lack of authorization to provide investment services.

Pros ▲

Given the concerns and warnings surrounding Pari Fx Trade, identifying genuine advantages is challenging. The claims made by the broker cannot be verified due to the deceptive nature of its operations.

Cons ▲

• Operating under an offshore license, making it less trustworthy.

• Associated with the practice of cloning, misleading potential clients with false regulatory claims.

• Lack of real regulatory oversight, increasing the risk of fraudulent activities.

• Warnings from reputable regulatory bodies like CySEC against engaging with Pari Fx Trade.

• The broker's website is currently inactive, indicating potential operational issues or a lack of reliability.

Conclusion ▲

After a thorough analysis, our recommendation is to avoid Pari Fx Trade along with any other brokers operating from Seychelles, due to the significant risks associated with unregulated or offshore brokers. These entities often partake in investment scams, luring traders with seemingly attractive offers that are too good to be true. For a safer trading experience, individuals should opt for brokers that are stringently regulated by reputable authorities such as the UK's FCA or Australia's ASIC. Despite the recent inactivity on Pari Fx Trade's website, traders should remain vigilant and cautious of any trading propositions that may emerge from this or similar entities.