Park Financial Consulting LTD Review: Is It a SCAM?

Park Financial Consulting LTD claims to be a transparent and reliable broker, assuring users that they will find everything they need on its platform. Well, let’s conduct a comprehensive review and verify whether it lives up to these claims or if it’s just another scam.

Park Financial Consulting LTD General Information

Registration and Client Portal Review

On its website, the firm claims to provide the freedom to choose. “What to choose?” You might ask. Oh, if only we knew what brokers meant by such lofty expressions. Well, the website is just filled with them. However, when it comes to information about the company itself, there is catastrophically little available. Even descriptions of the tariff plans are quite scarce. The site is presented in English, Polish, and Russian. There are many questions regarding its design, as it appears quite amateurish. In general, as of now, we only see shortcomings.

The registration process with the broker is quite standard. You need to fill out a simple questionnaire, and that’s it. The broker doesn’t even conduct a verification process. You won’t receive any codes either via email or phone number.

Verification processes, such as receiving a code via email or phone, are crucial for ensuring the security of the user’s account. They act as an additional layer of protection, helping to verify the identity of the user and prevent unauthorized access. When a broker skips these verification steps, it leaves user accounts more vulnerable to unauthorized access, potential hacking, and fraudulent activities.

The client portal looks quite strange and amateurish. It contains all the basic functions, but that’s about it. There is nothing extraordinary. The only notable feature might be gaining access to the trading terminal and configuring your account.

Park Financial Consulting LTD Trading Conditions

It’s time for us to examine the trading conditions of the broker, and it seems that there is nothing particularly noteworthy there either.

Account Types Review

Managers offers several tariff plans for their clients, yet the broker restricts access to available trading instruments. Beginner traders, for instance, can only access the forex and cryptocurrency markets. To gain access to the stock market, one would need to deposit a substantial amount of 50,000 pounds. Furthermore, to trade indices, a deposit of at least 100,000 pounds is required. These conditions significantly deviate from what legitimate brokers typically offer. Notably, Park Financial Consulting LTD also presents a savings account with a remarkably high yield of 21%. However, the source of such high returns is not disclosed.

Additionally, during the registration process, clients have the option to choose leverage up to 1:1000. It’s crucial to note that these are high values and pose significant risks for traders. Such high leverage can amplify both profits and losses, making it a risky proposition, especially for inexperienced clients.

Trading Platform

The trading platform provided by Park Financial Consulting LTD falls short in several aspects, painting a rather negative picture. To begin with, it’s worth noting that it is merely a web trader, lacking the sophistication and features commonly found in more advanced trading platforms. The dull and unappealing design further contributes to a subpar user experience.

The platform offers a minimalistic approach with a scarcity of indicators, providing traders with only basic tools for analysis. The lack of advanced features makes it fall behind industry standards, rendering it far from a top-notch trading terminal. Notably, it’s highlighted that the platform is nothing more than an MT7, which is not considered a cutting-edge solution in the current market landscape.

Park Financial Consulting LTD — Deposit and Withdrawal of Funds

The broker provides no upfront information about the available deposit methods on their website. However, this information can be found within the user’s account, where they offer limited options for funding:

• Visa/MasterCard.
• Cryptocurrencies.

The need to wait for  manager’s call introduces unnecessary delays and can be perceived as a cumbersome and time-consuming process.

Verification

Park Financial Consulting LTD requires users to undergo a verification process. The specifics of this process are as follows:

• Users are requested to submit certain documents for verification. These typically include identification documents such as a passport or driver’s license, as well as proof of address, which may be a utility bill or a bank statement.
• The submitted documents need to be uploaded through the broker’s platform. This step usually takes place in the user’s account section.
• After the documents are submitted, the broker’s verification team reviews the provided information. This team is responsible for ensuring that the submitted documents are valid and match the user’s details.

Additional Options

We are highly intrigued by the investment proposal, particularly the promised returns ranging from 21% to 37%. We are eager to understand the source of such profitability. However, Park Financial Consulting LTD remains silent on this matter. Interestingly, the client portal lacks any features related to investing. All of this raises suspicion and leaves us with unanswered questions.

Is Park Financial Consulting LTD a Scam?

To identify that we are dealing with a scam project, we can rely solely on the information provided on the official website. However, we decided to extend our investigation and present irrefutable evidence.

Legal Information and License

Specific information about the company’s registration location, Park Financial Consulting LTD, is not disclosed. We opted to explore all possibilities and uncovered intriguing facts. Since a contact number in the UK is provided, and the regulator of this country is mentioned, we concluded that the project is registered here. We verified these details.

Indeed, an organization with the same name was found on the registry. However, its address differs, and it was established in 2010, not in 2020, as claimed by the owners. They are evidently leveraging the honest reputation of this existing company.

In light of this, we checked for licenses from other regulators referenced by the project’s leaders. The results were as expected. In none of the presented registries was such a company or the presence of licenses found.

Park Financial Consulting LTD is operating unlawfully, using the name of a company unrelated to brokerage services.

Parkfinancialconsulting.org Domain Info

From the information block detailing the history, we learned that it commenced operations in 2020. We consulted the Whois service to verify this information and obtained the following result, once again proving the falsehood from the project’s creators.

As is evident from the report, it was launched just over a month ago. This brief duration of the broker’s operation raises questions about its credibility and stability in the financial markets.

The article has been updated. We continue to monitor all potential threats, thanks to which we managed to find a new domain, https://parkfinancialconsulting.org/. It is reserved for December 2023, showing the foresight of scammers.

Contacts Review

Park Financial Consulting LTD suggests getting in touch with them through a telephone number and email. However, it’s worth noting that the provided address has been identified as fake during our investigation.

Pros and Cons

2.7 TOTAL SCORE

Park Financial Consulting LTD Summary

It appears to be a questionable and potentially fraudulent entity. Our investigation has revealed inconsistencies and discrepancies in the information provided by the company. The lack of verifiable details about its registration, misleading historical claims, and the absence of legitimate licenses from regulatory authorities raise significant red flags.

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Website information content 3

Client Portal 3

Trading conditions 2

Trading platform 3

Deposit and withdrawal 4

Verification 4

Extra options 3

Licenses and guarantees 1

Work duration 1

Feedback 3

Frequently Asked Questions (FAQ)