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For more information about PARKWAY MARKET Forex Broker company profile, come to WikiBit!

Rating Index
1.79
Regulation
0.00
License
0.00
Software Index
7.02
Risk Control
0.00
Business
5.66

Pros

Ultra-low spreads starting from 0 pips, reducing trading costs significantly.
Negative balance protection, ensuring traders are not liable for losses beyond their account balance.
Wide range of trading instruments, including forex, commodities, cryptocurrencies, and stocks.

Cons

Lack of significant regulatory oversight, raising concerns about the safety of client funds.
Limited customer support options, primarily relying on email communication.
High leverage of up to 2000x, which can amplify risks for inexperienced traders.

PARKWAY MARKET Company

Parkway Market Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Parkway Market Company, established in the early 2000s, has emerged as a trusted overseas foreign exchange (FX) broker. The company was founded with the aim of providing low-cost trading solutions and a robust trading environment for investors worldwide.

Parent Company/Ownership Structure

Parkway Market operates as an independent entity, with a structure that allows for flexibility and responsiveness to market changes. It is not owned by a larger conglomerate, which enables it to focus on customer-centric services and innovative trading solutions.

Headquarters Location

The company's headquarters is located in New Jersey, USA. This strategic location allows Parkway Market to operate within a well-regulated financial environment and cater to a diverse client base.

Global Business Scope

Parkway Market has established a presence in various global markets, offering trading services to over 10 million investors worldwide. The company provides access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies, making it a one-stop trading experience for clients.

Main Regulatory Bodies

Parkway Market is regulated by multiple bodies, ensuring compliance with international trading standards. The company holds licenses from five regulatory authorities, which are essential for maintaining operational integrity and protecting client interests.

2. Company History and Development

Key Milestones

Since its inception, Parkway Market has reached several key milestones, including the introduction of advanced trading platforms and the expansion of its product offerings. Notably, the launch of its mobile trading app has significantly enhanced user experience and accessibility.

Business Expansion Journey

The company began by focusing on forex trading but has since expanded its offerings to include CFDs, stocks, and cryptocurrencies. This diversification has allowed Parkway Market to cater to a broader audience and adapt to changing market demands.

Customer Base Growth

Parkway Market has experienced significant growth in its customer base, attributed to its competitive trading conditions and robust support services. The company has successfully attracted both novice and experienced traders, enhancing its reputation in the financial markets.

Platform Development History

The development of the cTrader platform marked a significant advancement for Parkway Market, providing users with a seamless trading experience across various devices. Continuous updates and improvements to the platform have kept it competitive in the fast-evolving trading landscape.

Important Awards or Recognitions Received

Over the years, Parkway Market has received several accolades for its services, including recognition for its low spreads and customer support. These awards highlight the company's commitment to excellence in the trading industry.

3. Trading Services Offered

Forex Trading Options

Parkway Market offers an extensive range of forex trading options, providing access to over 70 currency pairs. This diverse selection enables traders to capitalize on various market opportunities and manage their portfolios effectively.

Stock Trading Options

In addition to forex, Parkway Market provides stock trading options, allowing clients to invest in major global stocks. This service enhances the company's appeal to investors looking for diversified investment opportunities.

CFD Trading Products

The company offers a wide array of Contracts for Difference (CFDs), including commodities, indices, and cryptocurrencies. This flexibility allows traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

Parkway Market also facilitates trading in cryptocurrencies such as Bitcoin, Ethereum, and others, catering to the growing interest in digital assets. Additionally, clients can trade commodities like gold and oil, providing a comprehensive trading experience.

Special Services or Unique Advantages

One of Parkway Market's standout features is its negative balance protection, ensuring that traders are not liable for losses exceeding their account balance. The company also offers ultra-low spreads, no swap fees, and high leverage options, making it an attractive choice for traders seeking cost-effective trading solutions.

Detailed Regulatory Information

Parkway Market is regulated by several key authorities, including:

  • Financial Conduct Authority (FCA) - UK
  • Australian Securities and Investments Commission (ASIC) - Australia
  • Cyprus Securities and Exchange Commission (CySEC) - Cyprus
  • Financial Services Authority (FSA) - Seychelles
  • New Jersey Division of Consumer Affairs - USA

The company operates under different legal entities based on the regions it serves. This structure ensures compliance with local regulations and enhances operational transparency.

Client Fund Protection Measures

To protect client funds, Parkway Market employs strict measures, including the segregation of client funds in custodial accounts. This practice ensures that clients' funds are kept separate from the company's operational funds, providing an added layer of security.

Countries/Regions Served

Parkway Market serves clients globally, with a particular focus on regions such as North America, Europe, and Asia. This extensive reach allows the company to accommodate diverse trading needs and preferences.

Compliance History

The company has maintained a solid compliance history, adhering to regulatory requirements and industry standards. Parkway Market's commitment to transparency and ethical trading practices has fostered trust among its clients.

5. Competitive Landscape

Main Competitors

Parkway Market operates in a competitive landscape, with several key players, including:

  • IG Group
  • OANDA
  • Forex.com
  • CMC Markets
  • Saxo Bank

Positioning in the Industry

Parkway Market positions itself as a low-cost, customer-centric trading platform that prioritizes user experience and support. Its competitive spreads and unique features, such as negative balance protection, differentiate it from other brokers.

Market Differentiation Factors

The company's focus on providing a seamless trading experience across multiple platforms, coupled with its robust customer support and comprehensive educational resources, sets it apart in the crowded forex and CFD trading space.

In conclusion, Parkway Market Company has established itself as a reputable player in the global trading industry, offering a wide range of services and maintaining a strong commitment to regulatory compliance and customer support. With its innovative trading platform and diverse product offerings, Parkway Market continues to empower traders on their investment journeys.

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