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Parantoux Capital is a company that is meant for retail forex traders. They are using technology to trade accurately. One of their main goals is to offer fast data, info, and execution to small traders. The company does not want investors to miss anything.
They do not feature their team on their website or publish their qualification. The company lacks transparency, and we will not be recommending them to the public. Nonetheless, the further entity state that they will earn your trust by offering the best experience in the market.
Unfortunately, we do not see that passing because this is not a legit company. Parantoux Capital disqualify manual trading as not a smart method of trading. Therefore, the platform urges investors to let them manage their account using their top-notch tools.
Hence, you can carry on with your busy schedule as they handle everything else for you. The company additionally states that investors do not necessarily have to learn the financial markets or master anything. The platform will manage your account at a separate fee.
They do not disclose the founder of the company. The platform is only availing bogus information that does not help anyone. They do not create confidence with investors, and we would urge investors to stay away. Invest with a reputable forex trading company in the market.
The platform claim that they have direct access to the market. Hence, its trading activities are of high speed. The entity state that they segregate clients’ money; therefore, you are the only one who can withdraw.
We shall discuss this later on but keep in mind that this is not a trustworthy company. The firm is allegedly working tirelessly to update investors on the current trends in the industry. All trading activities have risk mitigation measures with an automatic trailing stop loss of 3%.
You have to request a demo account by filling up a contact detail. The entity state that their company was launched in 2016; they have been offering reliable services. Once you join them, you will have an opportunity to use the professionally managed account.
However, according to whois.com, Parantoux Capital was established in November 2019; therefore, they lie about their history. A platform that is not upfront with their information means that they will say anything so long as to wins your trust.
It is a red flag that has made us lose faith in this entity. Stay with us as we comprehensively analyze this company. Moreover, the firm also claims they have financial experts who are handling their activities.
To become a member of Parantoux Capital, you have to apply for an account. They will take an approximate of two days to verify your information. After they approve of your account, they will start trading.
About Parantoux Capital
The company is an offshore company that is offering account management services. The company has six investment account for their clients. The minimum amount that you can deposit is 500 GBP, and the maximum amount is 250,000 GBP.
Despite Parantoux Capital claim that the verification process is simple, we have to disagree. The entity is asking for multiple data. Once you apply for the demo account, the entity does not respond to your request.
The platform promise investors that they will have constant profits once they venture with them. Unfortunately, the company is not flawless as they have some red flags.
The platform is offering very delicate services to investors. The risk is multiple when you trust a shady company to manage your money. The company is acting as a market maker. Their legacy is in question; therefore, they can make investors lose for them to earn profits.
Moreover, the company does not have a MetaTrader platform. The entity is using Sterling Trading Pro and Takion platforms. The majority of clients are familiar with using MT4. The unique features of this interface make it the best in the industry.
It has advanced tools, MQL programming language whereby you can customize your own trading EA. Moreover, you can test existing ones. Furthermore, the platform also has indicators, charts, and signals. We are not used to the interface that Parantoux Capital is using.
Deposit and Withdrawals
Parantoux Capital requires a very high deposit from investors. £500 is much money. The majority of investors might not afford the charges. You can sign up for a free demo, but they run for a period of one month. Additionally, our request for the free trial was not approved.
The platform does not disclose the trading conditions that investors can expect from them. The majority of the information is left out. We also are not aware of the size of the spread, leverage, or currency pair that Parantoux Capital is offering.
Unfortunately, the entity fails to disclose the method that they use to collect fund from investors. Nonetheless, they do not have anything to say regarding the minim amount that you can cash out. On their term and condition if there are additional charges.
The company has a registration document from the SFC of Hong Kong. However, the entity is offering its services to investors around the world. We always look for a licensing form to approve an entity.
A registration certificate does not serve many purposes. The company ought to have several licenses from NFA, FCA, among others. Nonetheless, we also do not know the corporate that is supervising the services of this firm.
Therefore, we can all agree that Parantoux Capital is operating on their own accord. The platform is illegal and does not offer fund safety. They are anonymous, and trading with them will be a dangerous move.
Moreover, the FCA has issued a warning against this venture. They are offering their services in the United Kingdom without meeting the set guideline. It a red flag that investors should not take lightly.
The company allegedly has offices in various countries. They feature multiple addresses on their website. These include; New York, Hong Kong, Singapore, and the United Kingdom. Based on this data, this is a multi-national venture.
They also have a telephone number that you can call if you are their existing trader. Additionally, for new accounts, there is a different phone number. You can also contact them via email. Their main headquarters is in Hong Kong.
Parantoux Capital is a company that you should not trust. Investors do not have any guarantee that the entity will keep their end of the bargain. The company is anonymous, and the warning against them by FCA is a turn-off.
Invest with legit forex trading software in the market, instead of trusting this suspicious entity with your money. You can make a decent income by venturing with trustworthy firms. It is essential that you know what you are exposed to and see the financial result.
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