Parkway Futures Ltd is a forex broker registered in the United States, mainly offering trading services in forex, precious metals, cryptocurrencies, and energy for investors. Parkway Futures Ltd only supports the registration of real accounts, but specific account types have not been disclosed.
Corporate Background and Regulatory Information:
Parkway Futures Ltd was registered in the United States in 2023, making it a relatively new entity. Important information about the broker, such as its registration address, company staff, and account types, has not been disclosed. The official domain of Parkway Futures Ltd was registered on May 8, 2023, less than a year ago.
Parkway Futures Ltd claims on its official website that it is regulated by the United States NFA. However, according to the search results from the NFA website, although the company has completed NFA registration, the NFA explicitly states that the company is not within its regulatory scope. Parkway Futures Ltd is registered as a non-member of the NFA and is not regulated by the NFA, nor does it have the safety guarantee provided by the NFA.
Account Types:
Parkway Futures Ltd only supports the registration of real accounts, but does not support the registration of Islamic accounts.
It is important to note that this platform actually offers a demo account service, but to use a demo account, one must first register a real account and then use the real account to access the demo account features, meaning both use the same account but just distinguish functionality.
Parkway Futures Ltd does not provide different account types on its official website, preventing users from obtaining relevant account information in advance and from choosing an account type that suits them. Users can only trade using the same account type.
Leverage Ratio:
Parkway Futures Ltd claims that its maximum leverage ratio is 1:100. However, the company does not provide detailed information about conditions for leverage use or the specific products that apply to this leverage ratio.
Trading Products:
According to the information on Parkway Futures Ltd's official website, the broker offers products such as forex, precious metals, cryptocurrencies, and energy, allowing investors to choose suitable product types for trading based on their preferences and needs.
However, there is no detailed content or real-time data for each product. The website may only provide a simple introduction for each product without specific information or real-time data, potentially inconveniencing investors who may not be able to access enough information to make informed investment decisions.
Deposits and Withdrawals:
Parkway Futures Ltd has not disclosed specific channels and procedures for deposits and withdrawals on its official website. The broker explicitly states that its settlement currency is the US dollar, meaning that trades and settlements are conducted in US dollars, but detailed information about the settlement channels has not been made public.
Trading Software:
Parkway Futures Ltd uses ST5 as its trading software, providing download links for the PC, Android, and iOS platforms. However, the platform does not offer the commonly used MT4 and MT5 as trading software. ST5 is a proprietary trading software without any backing entity, which could pose a safety risk to investors.
Customer Support:
The official website of Parkway provides contact options through email and online customer service, but the online customer service is no longer operational and can only be contacted by email.
Conclusion:
As a forex broker, Parkway Futures Ltd lacks information in crucial areas such as corporate background, deposit and withdrawal information, contact methods, and transaction channels, and it is not regulated by the NFA. For investors interested in trading with Parkway, conducting comprehensive research and risk assessment is very necessary. Currently, Parkway Futures Ltd is listed as "Suspected Fraud" on TraderKnows.
