For more information about Parkway Futures Ltd Forex Broker company profile, come to WikiBit!
Business
License
Parkway Futures Ltd was founded in 2016, emerging as a global brokerage firm that offers a range of trading services primarily in the forex and CFD markets. The company aims to provide traders with access to various financial instruments, including forex, precious metals, energy, and cryptocurrencies.
As of now, Parkway Futures Ltd operates as an independent brokerage without a parent company. It has garnered attention for its services despite its lack of robust regulatory oversight.
The company is headquartered in the United States, although it also claims operations in the United Kingdom, with a registered office located at Flat 43 Perkins House, Wallwood Street, London, E14 7AH.
Parkway Futures Ltd serves clients worldwide, offering trading services across multiple asset classes. However, it has certain restrictions in place and does not accept clients from specific countries, including North Korea, Israel, China, Vanuatu, and Cuba.
Parkway Futures Ltd is not fully regulated. It holds a general registration with the National Futures Association (NFA) under license number 0556311. This limited regulatory status raises concerns about the safety and credibility of the brokerage.
Since its inception in 2016, Parkway Futures Ltd has focused on establishing itself in the trading industry. However, it has faced challenges due to its unregulated status, which has affected its reputation among potential clients.
The company has expanded its offerings to include a wide range of financial instruments. Despite its limited regulatory framework, Parkway Futures Ltd has managed to attract a diverse clientele by providing competitive trading conditions, such as zero spreads and no commissions.
Although specific statistics on customer growth are not readily available, the firm has reportedly seen a steady increase in its user base, thanks in part to its user-friendly trading platform and diverse product offerings.
Parkway Futures Ltd utilizes the ST5 trading platform, which is accessible on multiple devices, including PCs, iOS, and Android. This platform has been designed to offer advanced charting tools and technical analysis features, catering to both novice and experienced traders.
As of now, Parkway Futures Ltd has not received any notable awards or recognitions within the industry, primarily due to its relatively short operational history and unregulated status.
Parkway Futures Ltd provides access to a variety of currency pairs, allowing traders to engage in forex trading. The exact number of currency pairs offered is not specified, but the brokerage claims to cover major and minor pairs.
Currently, Parkway Futures Ltd does not explicitly mention offering direct stock trading services. Its primary focus remains on forex and CFD trading.
The company offers a range of Contract for Difference (CFD) products, allowing traders to speculate on price movements without owning the underlying assets. This includes CFDs on commodities, indices, and cryptocurrencies.
In addition to forex and CFDs, Parkway Futures Ltd provides trading options in precious metals (like gold and silver) and energy commodities (such as crude oil and natural gas). The firm has also recognized the growing interest in cryptocurrencies, offering trading in digital currencies like Bitcoin and Ethereum.
One of the unique advantages of Parkway Futures Ltd is its zero-spread and zero-commission trading environment, which can be particularly appealing for high-frequency traders. The brokerage also offers a demo account, allowing potential clients to familiarize themselves with the platform before committing real funds.
Parkway Futures Ltd operates without comprehensive regulation. It holds a general registration with the National Futures Association (NFA) but lacks oversight from more stringent regulatory bodies, raising concerns about its credibility.
The company is structured as a private limited company, registered in both the United States and the United Kingdom. Its registration number in the UK is 14859747.
Parkway Futures Ltd claims to implement segregation of client funds, keeping them separate from operational funds. However, the lack of robust regulatory oversight may limit the effectiveness of these measures.
While Parkway Futures Ltd offers its services globally, it has imposed restrictions on clients from certain jurisdictions, including North Korea, Israel, China, Vanuatu, and Cuba.
The compliance history of Parkway Futures Ltd is not well-documented, primarily due to its limited regulatory framework. Traders are advised to conduct thorough research before engaging with the brokerage.
Parkway Futures Ltd operates in a competitive landscape, facing competition from several well-established brokers, including:
Parkway Futures Ltd positions itself as a cost-effective trading platform, emphasizing its zero-spread and zero-commission structure. However, its lack of regulation and limited customer support options may hinder its competitive edge.
The primary differentiating factors for Parkway Futures Ltd include its competitive trading conditions (zero spreads and commissions) and the availability of a demo account. However, its unregulated status and limited educational resources may deter potential clients.
In conclusion, Parkway Futures Ltd operates as a global brokerage firm that offers a range of trading services, primarily focused on forex and CFD trading. Despite its competitive trading conditions, the lack of robust regulatory oversight raises concerns about its credibility and safety. Potential clients are encouraged to conduct thorough research and consider their trading preferences before engaging with the brokerage.
For more information about Parkway Futures Ltd, learn more.
Explore broker companies: forex/fx trading, investment, and global limited. Check company details.