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Parkway-Market

Saint Lucia|1-2 years|
Business Registration|cTrader|Suspicious Scope of Business|Medium potential risk|Offshore Regulated|

https://www.parkway-market.com/

Website

Rating Index

Contact

parkway_customer@outlook.com
https://www.parkway-market.com/
Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, RodneyBay, Gros-Islet, Saint Lucia

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Parkway Global Capital Limited

Abbreviation

Parkway-Market

Platform registered country and region

Saint Lucia

Company website

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WikiFX Risk Alerts
Previous Detection : 2024-11-22
  • The Saint Lucia FSRA regulation with license number: 2023-00370 is an offshore regulation. Please be aware of the risk!

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Parkway-Market · WikiFX Survey

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Parkway-Market · Company Summary

Parkway-Market Basic Information
Company Name Parkway-Market
Founded 2023
Headquarters Saint Lucia
Tradable Assets Forex, Commodities, Cryptocurrencies, Shares
Account Types Mini, Standard, Pro, Max
Minimum Deposit $100, $1000, $2000, $5000
Maximum Leverage Up to 2000:1
Spreads From 0.2 pips
Commission Varies based on account type
Deposit Methods Credit/debit cards, bank wire transfers, digital wallets, cryptocurrencies
Trading Platforms cTrader Web/Desktop/Android/iOS
Customer Support Email (parkway_customer@outlook.com)
Education Resources Educational materials covering forex trading, commodities, cryptocurrencies, risk management
Bonus Offerings None

Overview of Parkway-Market

Parkway-Market, established in 2023 and based in Saint Lucia, presents itself as a brokerage platform offering various trading opportunities across forex, commodities, cryptocurrencies, and shares. The platform also positions itself as catering to traders of all experience levels, offering educational resources and customer support avenues.

Parkway-Market aims to accommodate diverse trading preferences through its selection of account types, each designed to suit specific trading needs. Despite this apparent flexibility, the absence of regulation poses inherent risks, including potential challenges in dispute resolution and inadequate protection for traders' funds. While the platform offers access to various financial instruments and boasts a range of features such as negative balance protection and Islamic account options, traders should carefully weigh these offerings against the backdrop of regulatory uncertainty before engaging with Parkway-Market.

Overview of Parkway-Market

Pros and Cons

Parkway-Market presents traders with both advantages and drawbacks to consider. On the positive side, the brokerage offers a diverse range of trading instruments across multiple asset classes, including forex, commodities, cryptocurrencies, and shares. This allows traders to diversify their portfolios and capitalize on various market opportunities. Additionally, Parkway-Market provides flexible account types with varying minimum deposit requirements, catering to traders of different experience levels and capital sizes. However, Parkway-Market does not provide access to MetaTrader Platforms, which is a pity.

Pros Cons
  • Offers a variety of trading instruments
  • No MT4 or MT5 trading platform
  • Provides different account types
  • Spreads are available

Trading Instruments

Parkway-Market offers a diverse range of trading instruments to cater to the preferences and strategies of its clientele. Firstly, in the realm of forex trading, Parkway-Market provides access to a wide array of currency pairs, including major, minor, and exotic pairs. This allows traders to speculate on the value movements of different global currencies against each other, taking advantage of the high liquidity and 24/5 market operation characteristic of the forex market.

In addition to forex, Parkway-Market offers trading opportunities in the commodity market. Traders can engage in the buying and selling of various commodities, including precious metals like gold and silver, energy commodities such as oil and natural gas, as well as agricultural products like wheat and corn. These commodities serve as essential components of global trade and economic activity, providing traders with opportunities to diversify their portfolios and capitalize on market fluctuations.

Furthermore, Parkway-Market facilitates trading in cryptocurrencies, catering to the growing interest in digital assets. Traders can speculate on the price movements of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others. With their decentralized nature and unique market dynamics, cryptocurrencies offer traders a distinct avenue for investment and speculation, characterized by high volatility and potential for significant returns.

Lastly, Parkway-Market provides access to stock trading, allowing traders to speculate on the price movements of shares from leading companies across global stock exchanges. By trading stock CFDs (Contracts for Difference), traders can participate in the equity markets without owning the underlying assets. This enables them to capitalize on opportunities in various sectors and industries, leveraging the performance of individual stocks for potential profits.

Trading Instruments

Here is a comparison table of trading instruments offered by different brokers:

Broker Forex Metals Crypto CFD Indexes Stocks ETFs
Parkway-Market Yes Yes Yes Yes No Yes No
AMarkets Yes Yes No Yes Yes Yes No
Tickmill Yes Yes Yes Yes Yes Yes No
EXNESS Group Yes Yes Yes Yes Yes Yes No

Account Types

Parkway-Market provides traders with a structured selection of account types, each tailored to meet specific trading needs:

1. Mini Account: Ideal for novice traders or those starting with a smaller capital base. This account type offers a minimum deposit requirement of $100, with spreads averaging at 0.8 pips. Traders can access micro lot trading, enabling them to execute smaller trade sizes, and benefit from leverage of up to 2000:1. The Mini Account allows traders to engage in forex, commodities, cryptocurrencies, and shares trading, with features such as negative balance protection and an Islamic account option.

2. Standard Account: Designed for traders with a moderate capital base and some trading experience. With a minimum deposit of $1000, the Standard Account offers tighter spreads averaging at 0.4 pips and includes a commission fee of $10 per million. Traders can access all the instruments available on the platform and benefit from the same leverage and trading conditions as the Mini Account, along with features like negative balance protection and an Islamic account option.

Account Types

3. Pro Account: Geared towards experienced traders seeking enhanced trading conditions. The Pro Account requires a minimum deposit of $2000 and offers even tighter spreads averaging at 0.2 pips, with a commission fee of $15 per million. Traders can access all available instruments, along with the same leverage and trading features as the Mini and Standard Accounts. Additionally, the Pro Account includes features such as negative balance protection and an Islamic account option.

4. Max Account: Tailored for professional traders and institutional clients with larger capital requirements. With a minimum deposit of $5,000, the Max Account provides access to raw spread pricing, allowing traders to benefit from the lowest spreads available on the platform. This account type includes all the features of the Pro Account, with a commission fee of $20 per million and features like negative balance protection and an Islamic account option.

Account Types

How to Open an Account

To open an account with Parkway-Market, follow these steps.

  1. Visit the Parkway-Market website. Look for the “Sign in” button on the homepage and click on it.

How to Open an Account?

2. Look for the “Sign up” button and sign up on websites registration page.

How to Open an Account?
How to Open an Account?

3. Receive your personal account login from an automated email

4. Log in

5. Proceed to deposit funds to your account

6. Download the platform and start trading

Leverage

Parkway-Market offers traders access to flexible leverage options, allowing them to amplify their trading positions and potentially increase their returns. Leverage enables traders to control larger positions in the market with a relatively small amount of capital, thus magnifying both profits and losses. Parkway-Market provides leverage of up to 2000:1 across all its account types, giving traders the flexibility to choose the level of leverage that aligns with their risk tolerance and trading objectives. With higher leverage, traders can increase their exposure to the market and potentially capitalize on small price movements, enhancing their trading opportunities.

However, while leverage can amplify potential profits, it also increases the level of risk associated with trading. Traders should exercise caution when utilizing leverage and ensure they have a solid risk management strategy in place to protect their capital. Parkway-Market encourages responsible trading practices and provides educational resources to help traders understand the implications of leverage and how to use it effectively. By offering flexible leverage options and promoting risk management principles, Parkway-Market aims to empower traders to make informed decisions and navigate the financial markets with confidence.

Here is a comparison table of maximum leverage offered by different brokers:

Broker Parkway-Market eToro XM RoboForex
Maximum Leverage 1:2000 1:400 1:888 1:2000

Spreads and Commissions

Parkway-Market provides spreads and commission structures to its traders, aiming to offer a trading experience that is perceived as fair and cost-effective. Spreads, which denote the difference between buying and selling prices of trading instruments, are maintained at levels deemed tight across all account types. These spreads typically commence from as low as 0.2 pips for Pro and Max accounts, potentially aiding in reducing trading costs and maximizing potential profits.

Furthermore, commission fees are imposed on select account types, charged per million traded and varying based on the chosen account type. Despite the presence of these commission fees, Parkway-Market endeavors to maintain transparency in its pricing structure, aiming to ensure traders are not confronted with concealed expenses or unforeseen charges. The platform's purported objective is to offer a trading environment deemed cost-effective, allowing traders to concentrate on executing their strategies and striving to meet their financial objectives without feeling burdened by what might be perceived as excessive trading costs.

Deposit & Withdraw Methods

Parkway-Market offers a variety of deposit and withdrawal methods to accommodate the needs of different clients. These options include widely accepted credit and debit card providers such as Visa and Mastercard, allowing for straightforward and secure transactions. Additionally, the platform supports digital wallet services like Google Pay and Apple Pay, which offer convenience and fast processing times for mobile users.

For clients who prefer online financial services, Parkway-Market includes options like NETELLER, which is known for its quick and efficient online transfers. The inclusion of Binance suggests that Parkway-Market also caters to clients who deal with cryptocurrencies, providing an avenue for deposits and withdrawals through one of the largest platforms for crypto exchange.

Deposit & Withdraw Methods

Trading Platforms

Parkway-Market offers a suite of trading platforms to cater to different trading preferences and requirements. The primary platform available is cTrader, which is known for its intuitive interface, advanced charting tools, and algorithmic trading capabilities. It's particularly favored by traders who require detailed technical analysis and automated trading strategies.

For clients using PCs, Parkway-Market provides a cTrader version compatible with Windows operating systems. This desktop application likely offers comprehensive functionality, including robust analytical tools, level II pricing, and one-click trading.

cTrader Web is another option offered by Parkway-Market, which allows traders to access their trading accounts from any web browser without the need for any downloads. This platform is convenient for traders who prefer to access their accounts on different devices or who may not want to install software on their computers.

For mobile traders, Parkway-Market has made available the cTrader Android app. This application enables trading on-the-go with a range of features optimized for mobile devices. Users can expect a variety of order types, price alerts, and real-time market data, ensuring they can manage their trades and monitor the markets anytime and anywhere.

Trading Platforms

Customer Support

Parkway-Market provides customer support primarily through email communication. Clients can reach out to the support team for assistance by sending their inquiries to parkway_customer@outlook.com. This email-based support system allows for detailed correspondence and record-keeping of interactions, which can be beneficial for resolving complex issues or providing thorough guidance.

While the email address suggests a direct and potentially responsive channel, the effectiveness and speed of the support will depend on the brokerage's internal processes and customer service policies. Users considering Parkway-Market should be aware of the support methods available and may wish to inquire about response times and the availability of additional support channels, such as phone or live chat, for immediate assistance.

Educational Resources

Parkway-Market offers educational resources that cover a variety of topics related to trading in the financial markets. Their educational suite includes information on Forex products, commodities, and cryptocurrencies, providing a broad overview of the different types of tradable assets available on their platform.

The “Trading Classroom” section appears to offer educational content on the basics of Forex trading and CFDs (Contracts for Difference). This would include explanations of key trading concepts such as the percentage margin formula, which is critical for understanding and calculating the margin requirements for trades. Additionally, the resources seem to address different methods of Forex trading and common chart patterns used in market analysis.

These educational offerings suggest that Parkway-Market aims to educate both novice and experienced traders about the fundamentals of trading, risk management, and market analysis techniques. The inclusion of common chart patterns implies a focus on technical analysis, which is an essential skill for traders looking to interpret market movements and make informed trading decisions.

Conclusion

Parkway-Market offers a range of trading instruments and account types, providing traders with flexibility in their investment strategies. However, this broker allows no access for popular MetaTrader platforms, which may disappoint MetaTrader lovers.

FAQs

Q: What are the tradable assets on Parkway-Market?

A: Parkway-Market offers trading in forex, commodities, cryptocurrencies, and shares.

Q: What is the minimum deposit required to open an account?

A: The minimum deposit varies based on the account type, ranging from $100 to $5000.

Q: What trading platforms are available?

A: Parkway-Market offers cTrader Web/Desktop/Android/iOS as its trading platforms.

Q: Does Parkway-Market offer educational resources?

A: Yes, Parkway-Market provides educational materials covering forex trading, commodities, cryptocurrencies, and risk management.

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