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Parity

Item: Parity
Rating: 1.19

Singapore|1-2 years|

Suspicious Scope of Business|High potential risk|

https://paritytrade.com/

Website

Time Machine

Rating Index

Contact

Info@parityams.com

https://paritytrade.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Disclosure

Warning

SG MAS

2024-02-27

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Parity

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Warning: Low score, please stay away!

Previous Detection : 2024-11-20

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Parity · WikiFX Survey

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Parity · Company Summary

Note:Parity's official website:https://paritytrade.com/ is currently inaccessible normally.

Aspect	Information
Company Name	Parity
Registered Country/Area	Singapre
Founded Year	1998
Regulation	Unregulated
Customer Support	Email:Info@parityams.com

Parity Information

Founded in 1998 and with headquarters in Singapore, Parity functions as an unregulated broker. Email customer service is accessible at Info@parityams.com. Lack of control over regulations begs questions regarding the validity and safety of the platform.

Is Parity Legit or a Scam？

Parity is unregulated and lacks supervision from any kind of financial power. For dealers, this lack of control seriously compromises legitimacy and safety.Users need to care about it and better to choose a regulated platform.

Downsides of Parity

Parity runs free without any regulation, which cause issues regarding the validity and safety of the platform and leaves traders vulnerable.

The broker has been warned for having a dubious scope of business and significant potential risk, so suggesting potentially fraudulent activity.

Parity does not offer any trading tools, also no trading apps.This influences its usefulness and accessibility for traders.

Conclusion

For trading, parity is perilous since it is an unsupervised broker with a high-risk profile. It provides no trading tools, so it can be inconvenient for users. Choosing open-minded regulated brokers will help to ensure the dependability and security of your money.