Pari FX Trade (Parifxtrade.com) is a CFDs, Crypto Currency and Forex scam brokerage platform stealing from anyone who signs up. PariFXTrade is another fraudulent broker whose ill-intentions must be exposed for all to see. Recent emails sent by users who lost chunks of money with this broker led to this investigation. How is Pari FX Trade able to scam unsuspecting investors? Read this detailed and honest PARI FX TRADE Review.
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For a broker who claims to have over 700,000 users, this broker has no recognizable reputation. How can this broker have this amount of traders and still have no solid reputation? None of the industry experts or experienced traders and brokers has heard of this platform. And this is what makes Pari FX Trade a scary Forex platform. How can this broker have so many traders and no real back up from the trading community? This review will expose some of the tricks used.
Most Forex scammers use the same tactics to steal from unsuspecting online investors. What they do is create a compelling website with eye-catching claims and promises. These claims involve helping traders make money in a short period of time. The hook being, you have to deposit some money in order for the plan to work. Is making money with Pari FX Trade as simple as they explain? No way, this broker is a fraud and this review will reveal all their tricks.
According to their about us page, this platform was founded by Forex traders based in Zurich. Another fake claim is PariFXTrade is one of the leading financial institutions in Europe. The page claims this broker has been providing online trading services since 2012. This is a lie simply used to make users believe Pari FX Trade has a strong reputation. After all, these scammers want members to believe they are experienced. Another plain lie we have to expose.
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Who are the actual people who own this platform? If they can post details about where the brokerage was born, why not share the names? Why have they failed to mention the names of people who created this website? A good reason why this is not a legit platform is the level of anonymity. Any anonymous online investment platform should be ignored as anonymity is a dangerous partner. Make sure to stay away from this and any platform with no real owners.
Looking at the disclaimer at the footer of the homepage, this broker claims to be licensed and register. In fact, they claim to be licensed by the National Futures Association and CySEC. A point to note is scammers will do or say anything to make their platform appear legit. And this is exactly what Pari FX Trade has done. By posting claims to be licensed by known regulatory body, most traders will easily believe them. Is Pari FX Trade licensed or registered formally?
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After a thorough search, we have conclusive evidence this platform is NOT LICENSED. These scammers have posted fake details in order to make users believe they are legit. A look at these regulatory bodies found no match of any broker registered under this name. This makes Pari FX Trade to be issuing online trading services without proper licensing. Make sure to avoid any broker who offers online trading without proper license. They are most likely a fraud outfit.
To ascertain this broker is a fraud, they claim to offer 24/7 trading experience to all members. Does this mean they offer trading services on weekends? During the weekends, all markets are closed and this makes the platform a fraud. How can they offer trades when markets are closed? Isn’t this one sorry broker who just wants users to sign up? This is not the only red flag we spotted with PariFXTrade. There’s more damaging evidence in regards to this platform.
Another disturbing detail we found with this broker is how they post their payouts. In fact, they claim to issue payouts once after 24 hours. Problem with this claim is how they have failed to issue names of people receiving these payouts. Having the actual names of people who have been receiving these payments would be of great help. Why have they failed to do so? It’s because there’s no one receiving payments after 24 hours, this is another lie posted on their homepage.
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In case you sign up and are asked to join any of their affiliate programs, ignore their pleas. And this is what makes this a pyramid scheme as their affiliate programs are another red flag. These scammers are using these affiliate programs to trap more investors. Members are asked to join either affiliate or introducing broker programs. Once you join this platform, you will be asked to help this platform get more members. This means you will be an accessory to Forex fraud.
There’s no way funds can be safe with a broker who is anonymous and uses fake licensing claims. This is what makes trading a dangerous platform and should be exposed by all parties. Have you noticed they fail to disclose their banking procedure? How do they bank money deposited by members? Is it possible members are depositing funds straight to owner’s personal bank account? This means we are dealing with a professional scam outfit, stay away!
When it comes to account segregation, this broker clearly does not follow set rules. This means Pari FX Trade is pooling all funds in one account which is extremely dangerous. In case this broker faces bankruptcy, your funds are as good as gone. Make sure to stay away from this broker as they don’t follow industry set guidelines. Make the right move and stay away from this broker, they are a fraud. Who is their banking partner? PariFXTrade is clouded in mystery.
This broker uses MT4 trading platform as their preferred method of trading. In order to test how their platform works, we decided to download it. And this is where we spotted another red flag, download stalled and stopped at 35%. This makes their MT4 trading platform highly unstable and bad for any trader. An unstable platform is easy target for hackers who are looking to steal some personal data. Make sure to stay away from any broker with unstable platforms.
As it turns out, this broker is clearly a scam and should be exposed for all their dirty scams. This is what every trader should be worried about, a scam outfit. In order to stay away from this broker, make sure to mark all their emails as Spam. Warn your friends and relatives from signing up with this lame broker. In case you find a broker who shares the same characteristics, make sure to stay away. Pari FX Trade is a scam waiting to pounce on anyone who signs up.
In all fairness, we have to add this broker to our scam blacklist. This is the only way to protect our readers from signing up with this scam. Thanks to this review, authorities will hopefully investigate and shut their whole operation down. This will ensure investors are totally safe from Pari FX Trade.
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Lastly, we wish you all the best in your Forex trading.
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