Is Pari Fx Trade Scam or Legit Broker?

No, it is not safe to trade with Pari Fx Trade. Pari Fx Trade is owned by EXPERT Markets which is an offshore company registered in Seychelles. 

  • Seychelles is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Hugo’s Way, Worldwide CapitalFX, and more.

About Pari Fx Trade
🗺️ Registered inSeychelles
🗺️ Type of LicenseOffshore License
🛡️ Is Pari Fx Trade safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is Pari Fx Trade?

According to the website, Pari Fx Trade is one of Europe’s leading financial institutions specializing in Forex/CFD trading. However, it turned out Pari Fx Trade is just a clone of the regulated financial institution. 

  • The broker claims to be licensed by the U.S. National Futures Association NFA, the Financial Services Commission, and the Cyprus Securities and Exchange Commission (CySEC). The only license that we found belongs to a CySEC-regulated broker BDSwiss, which is not associated with Pari Fx Trade in any way. Other licenses do not even exist.
  • A lot of companies, such as Pari Fx Trade, purposely use the details of well-regulated entities to mislead potential clients. Such companies are called “clone firms” and should be avoided at all costs.
  • Moreover, the Cyprus regulator CySEC has issued a warning against Pari Fx Trade:

“The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the following website does not belong to an entity which has been granted authorization for the provision of investment services and/or the performance of investment activities.”

Pari Fx Trade - official websitePari Fx Trade Review Conclusion

We advise all investors and traders to avoid Pari Fx Trade and other brokers from Seychelles.  Usually, unregulated or offshore brokers run investment scams. Thus, we recommend traders not to trust attractive offerings and promises and instead find a reliable broker with tight regulations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and BlackBull markets.


Pari Fx Trade Update

Recently Pari Fx Trade website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals. 

No news available.

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