Parenta Financial Services Limited is a scam broker that tries to lure traders with stories about cutting-edge technologies and unique trading conditions. They promise clients almost instant execution of trade orders, access to the most liquid assets, and minimal costs due to narrow spreads and low commissions. However, we want to warn you that behind these enticing words, there is nothing but a desire to collect and misappropriate users’ money. It is not very difficult to prove this; it is enough to analyze the information about the project and reviews from those who have already experienced its dishonesty first-hand.
Table of Contents
Highlights
| 🏛️ Country | UK |
| ⚠️ Regulation | — |
| 🖥️ Website | https://www.parentafinancialservicesltd.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | £100 |
| ⚖️ Minimum and Maximum Leverage | 1:200 |
| ⚙️ Trading Platform | WebTrader |
| support@parentafinancialservicesltd.net | |
| 📞 Phone | +442081575151 |
First Impression of Parentafinancialservicesltd.com
The website leaves much to be desired. It can only be described as tacky and unappealing. The overuse of bright colors, flashy animations, and unnecessary visual elements create a chaotic and cluttered design. Navigating through the website becomes an arduous task as important information gets lost amid the visual noise.
The choice of fonts and typography further adds to the unprofessional appearance of the website. Instead of conveying a sense of trust and credibility, it gives off an amateurish and unpolished vibe. The lack of coherent and engaging content also contributes to a poor user experience.
In terms of functionality, the website seems to lack intuitive navigation, making it challenging for visitors to find relevant information or access different sections easily. The overall design and layout raised concerns about the broker’s attention to detail and commitment to providing a seamless user experience.
Partnership and Bonuses
Parenta Financial Services Limited includes a field for a promo code in their registration form, suggesting that the company might have some affiliate or partner programs. However, there is no information publicly available about these programs, and they do not disclose any details regarding rewards or compensations for referrals.
Account Opening on Parentafinancialservicesltd.com
The broker has put in some effort when it comes to the registration process. At first glance, entering data into just a few fields seems like a simple task. However, developers have managed to make it a bit more complicated than necessary. They consider only three fields as mandatory: last name, username, and agreement with the Terms & Conditions. Interestingly, we were able to complete this “simplified” registration and immediately access the personal cabinet.
Of course, this account cannot be used for subsequent logins (as it lacks the necessary email and password for authorization), but the “professionalism” in the implementation is quite impressive. Inside the Personal Area of Parenta Financial Services Limited, everything appears relatively standard.
In the Client Portal, users can:
- View and edit personal information and undergo verification.
- Deposit funds and submit withdrawal requests.
- Review the history of trading and non-trading operations.
- Contact customer support.
However, the promised additional options mentioned in the tariff plans were nowhere to be found. Moreover, everything seems standard in terms of security, as separate authorization for the trading platform is not required. Parenta Financial Services Limited didn’t surprise us in this regard. They don’t see a need to protect virtual client funds on trading accounts, but they strive to safeguard real funds securely beyond users’ reach.
Verification
Among the documents provided by the firm, we have come across some essential policies, which lead us to believe that the broker requires mandatory verification. To complete the verification successfully, clients are required to submit a clear and valid copy of a government-issued identification document, such as a passport, driver’s license, or national ID card. The document must display the client’s full name, date of birth, and a recognizable photograph. Also, traders have to provide a recent utility bill, bank statement, or official government document that confirms their residential address.
- Verification is mandatory.
- The broker may ask for additional documents.
Trading Software
The trading terminal has been a source of disappointment for many investors, including us. One of the major drawbacks is that it primarily functions as a web trader, lacking the robustness and versatility that dedicated desktop applications offer. Being a purchased software rather than an in-house development, it exhibits limitations in terms of functionalities, making it unsuitable for more advanced and experienced traders who require sophisticated tools and features.
Furthermore, another significant letdown is the absence of a demo account option. A demo account is crucial for traders to practice and familiarize themselves with the platform and its features without risking real money. Its absence hinders potential investors from testing the platform’s capabilities.
| Features | Parenta Financial Services Limited | Unicorntradefx | Axi |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ✔️ |
| Mobile App | ❌ | ❌ | ✔️ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Parenta Financial Services Limited?
We are now turning our attention to the trading conditions, hoping that the creators did not disappoint in this aspect. However, our hopes were not met as we examined the account types offered by the broker.
All Info About Accounts
The broker promises numerous additional features to prospective clients, such as PAMM accounts, copy trading, participation in IPOs, investor accreditation, and access to over-the-counter deals, among others. Yet, it appears that these features are only available to those who deposit substantial amounts with the broker. It remains a mystery as to where one can find these supposed benefits. Despite careful examination of the Personal Cabinet menu, none of these features (including the so-called “accumulative account”) are even mentioned. It raises suspicions of whether these are just myths propagated by Parenta Financial Services Limited to lure unsuspecting clients.
Furthermore, the minimum deposit requirements for each account type are utterly laughable. For instance, the commodities account demands a staggering 5711 pounds. It’s as if they say, “Sir, you need 5711 pounds.” And if one responds with, “I only have 5710 pounds,” the reply would be, “Well, you’re out of luck. Next!” The exorbitant minimum deposit requirements are a cause for concern and add to the questionable nature of these offerings.
- None.
- Dubious additional services.
- Ridiculous requirements for minimum deposits.
Market Analysis and Education With Parentafinancialservicesltd.com
The broker offers market analysis, among other available services. However, as with everything on this website, it is entirely unclear what these services entail and their quality. There is no transparency about the analysts’ qualifications, the accuracy of their forecasts, or whether they can be trusted. The lack of information raises concerns about the credibility and reliability of such an analysis.
Deposit, Withdrawal, and Fees
Parenta Financial Services Limited offers various payment methods, including cards, SEPA, and cryptocurrencies for both deposits and withdrawals. However, the company fails to disclose the commission fees for these transactions and the processing time for withdrawal requests. The lack of information about fees and processing times raises concerns about potential hidden costs and delays, making it challenging for clients to have a clear understanding of the aspects of dealing with the broker.
| Features | Parenta Financial Services Limited | IC Markets | ForexLive |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ❌ |
| Electronic Payments | ❌ | ✔️ | ❌ |
| Crypto Transfers | ✔️ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
The broker provides contact details such as email and phone number, along with an address. However, there are doubts about the legitimacy of the given address, as it appears that the listed cardholders are unaware of any office belonging to Parenta Financial Services Limited at that location. This raises suspicions about the authenticity of the company, leading us to conclude that it might be a fake or fraudulent entity.
- Full contacts.
- The address is probably fake.
Is Parenta Financial Services Limited Dangerous?
In short, even a superficial acquaintance with informational resources and client workspace would be a complete disappointment for any trader. Further detailed examination of the company’s information and reviews reveals even more unpleasant surprises.
How Long Does The Broker Work?
However, a domain check reveals that it was created quite recently. This means that Parenta Financial Services Limited has not been serving clients for even a month at the time of this review. It is impossible to acquire 40,000 registrations for a specialized resource from scratch in such a short period. This further confirms our conclusions that no words of this pseudo-broker should be trusted.
How Is Parenta Financial Services Limited Regulated?
The owners seem to believe that providing the company’s name and address is sufficient, as they choose not to disclose any registration information. Nonetheless, checking the company’s name in the UK registry isn’t difficult. This company is listed as a financial intermediary. Moreover, it works over the course of 20 long years. Does this make it a broker? We doubt.
First, legal brokers must obtain a license from the local regulator. In this case, we are interested in permission from the FCA. As you can see, Parenta Financial Services Limited doesn’t have any licenses. No wonder! This company is not a broker by nature. Therefore, it is in no way related to the hero of our review.
The conclusion is straightforward: Parenta Financial Services Limited as a broker does not exist, and the project hiding behind this name operates illegally, aiming to misappropriate clients’ funds.
| Features | Parenta Financial Services Limited | Alliance Reserve | WeFinancial |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
Kevin Berry In my opinion, Parenta Financial Services Limited’ claim of 40,000 satisfied clients and transaction volumes exceeding 5 million is quite amusing. Crunching the numbers, it appears that the “average trading rockstar” is rocking the markets with a jaw-dropping $125 or pounds (the currency remains a mystery!) per trade. With the magic of 1:200 leverage, that’s an astounding 62.5 cents or pence! Can you feel the excitement? These “massive” trades are sure to leave every trader bursting with joy. But let’s be serious – It is more like a roller coaster of disappointment than a ticket to success. Proceed with extreme caution, or better yet, just run in the opposite direction.
Parenta Financial Services Limited rating
4 reviews about Parenta Financial Services Limited
I invested £600 and i was trade with them over the month.
When i request withdraw me money they said i need to pay £500 for bank box becouse is me first withdraw.
Totally SCAM.
All me money been sent to UBC bank in shwizeland like they said.
They use fake phone number and names.
ZUZANNA MARKIEWICZ and ARSEN DOBRY be aware of them.
They hide all important information about withdraw and deposit money.
When i deposit money transaction on the bank account shows money been sent to ROMANIA OR LITHUANIA.
Be aware of this company or you loose all your investing money like me!!!!
Na poczatku wszystko wydawalo sie super Pan Michal Tarkowski byl moim brokerem do czasu kiedy przestalem wplacac im pieniadze bo jak powiedzialem ze juz wiecej nie wplace bo wszystko wydalem na moja operacje to namawial mnie na wziecie kredytu ale nie dalem sie namowic I od tej pory przejrzalem na oczy ze to oszustwo poniewaz nie chca mi nawet oddac moich pieniedzy teraz wszystko zrobia zebym wszystko co im wplacilem stracil 5000 tys euro
Firma Prenatal Financial services to ludzie ktorzy bogaca sie na cudzej kieszeni poniewaz chce odzyskac chociaz czesc moich pieniedzy to bo zrobieniu wyplaty otrzymuje atomatycznego email ze tranzakcja jest w toku I do 5 dni bede miala pieniadze na koncie a niestety nie ma zadnego przelewu I tak jest za kazdym razem
They are scums i lost 14 tousend pounds