Parkwayfx broker withdrawal issues

By Anonymous, from India, August 20, 2021 at 09:44 AM

Kindly let me know about this broker parkwayfx when i started with this withdrawal was easy within minutes in crypto but now after days its not responding to mail and pending withdrawal. I have uploaded image too

  • Parkwayfx Broker Withdrawal Issues
Answer: Hi Anonymous,

We were not able to find any information about Parkwayfx’s regulation and there is no such information on the net. The company claims to be located in Malaysia, but then again, no details about being regulated there.

Withdrawal issues usually happen with unregulated brokers, and, unfortunately, there are almost no ways to get the invested money back. In your case we would advise to report about this issue to your local financial regulator.

We never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

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