PARRTD is an online contract for difference (CFD) trading platform established in September 2024, operated by PARRTD CAPITAL LIMITED. The platform provides investors with CFD trading services for assets such as foreign exchange, precious metals, crude oil, indices, and cryptocurrencies, but does not offer services to areas where doing so would violate local laws and regulations.
Overview of Platform Services
Trading Accounts
PARRTD CAPITAL LIMITED offers trading accounts with spreads starting from zero. However, the platform does not disclose key trading details such as leverage, minimum deposit requirements, margin call, stop-out margin, and whether trading commissions are charged.
Trading Platform
Users can trade via PARRTD's proprietary trading platform, which supports both desktop and mobile devices. The platform provides advanced charting tools, with over 50 technical indicators built-in, and offers intraday analysis features.
However, when accessing the mobile app download links on the official website, users find the apps on the App Store and Google Play Stores labeled as DexCoin Pro and QINPINSQY, which are inconsistent with the ST5 platform as advertised by the broker.
Trading Product Information
The platform offers a variety of trading products, including:
- Forex: Trading in major currency pairs such as EUR/USD, USD/CAD, GBP/USD, USD/JPY is available.
- Precious Metals: Supports trading in spot gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Provides CFD trading for US Crude Oil (UsOIL).
- Indices: Covers trading for major global indices like the Nikkei 225 (N225), DAX (GER30), and S&P 500 (US500).
- Cryptocurrencies: Offers trading in major cryptocurrency pairs such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
PARRTD CAPITAL LIMITED does not disclose on its website the supported deposit and withdrawal methods, nor does it indicate whether additional fees will be incurred during the process. This lack of transparency may pose inconvenience to users.
Contact and Social Media
The platform does not provide official communication channels on mainstream social media platforms such as Facebook, Instagram, or Twitter. Users can only contact the platform via the online contact form or email provided on the official website.
Company Background and Regulatory Information
According to information provided by parrtd.com, PARRTD is headquartered in the United States, operated by PARRTD CAPITAL LIMITED, and claims to be regulated by the U.S. Financial Crimes Enforcement Network (FinCEN), subject to its audits and supervision. However, the website does not provide any detailed information regarding company registration or the regulatory license number.
After an inquiry, no company named PARRTD CAPITAL LIMITED was found on the registration lists of the U.S. Financial Crimes Enforcement Network (FinCEN) and the Financial Industry Regulatory Authority (FINRA).
It should be noted that FinCEN's primary function is to establish and enforce regulations regarding anti-money laundering (AML) and combating the financing of terrorism (CTF), and it does not directly regulate the trading of financial derivatives like forex, precious metals, or cryptocurrencies.
Conclusion
PARRTD CAPITAL LIMITED is a CFD trading platform established in 2024, but currently does not provide any proof of legitimacy regarding company registration or regulatory information.
Risk Warning: CFD trading is a high-risk investment where market volatility may result in the loss of investors' principal. Leveraged trading can magnify both risk and potential returns. Investors are advised to fully understand market volatility and the mechanics of CFD trading, assess their risk tolerance, and have adequate experience before trading to avoid rash investments.
