Is Pari Fx Trade a 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 is low and 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.

According to the website, Pari Fx Trade is one of Europe’s leading financial institutions specializing in Forex/CFD trading. However, it turned our 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, that 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 the well-regulated entities to mislead the 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 an authorization for the provision of investment services and/or the performance of investment activities.”

We advise all investors and traders to avoid Pari Fx Trade and other brokers from Seychelles. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and Plus500.

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