Parkway-Market 2025 Review: Everything You Need to Know
Summary: Parkway-Market, established in 2023, is an offshore forex broker based in Saint Lucia. While it offers a variety of trading instruments and high leverage options, the lack of regulation raises concerns about its trustworthiness and user security. Users have reported mixed experiences, with some praising the platform's ease of use, while others express dissatisfaction regarding customer support and withdrawal processes.
Note: It is crucial for potential users to be aware that Parkway-Market operates under different entities across regions, which may influence the level of service and regulatory oversight. This review aims to provide a fair and accurate assessment based on available information.
Rating Overview
We rate brokers based on user feedback, expert opinions, and factual data from various sources.
Broker Overview
Founded in 2023, Parkway-Market is a forex brokerage based in Saint Lucia, offering a range of trading services across various asset classes, including Forex, commodities, cryptocurrencies, and stocks. The broker operates on the cTrader platform, which is known for its user-friendly interface and advanced trading features. However, it does not support popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Notably, Parkway-Market lacks robust regulatory oversight, which raises concerns about the safety of client funds.
Detailed Breakdown
Regulatory Status
Parkway-Market is registered in Saint Lucia but operates without significant regulatory oversight. The absence of a prominent regulatory body overseeing its operations presents a potential risk for users, as there are no guarantees regarding fund safety or adherence to trading standards. According to multiple sources, including WikiFX, the broker is considered unregulated, which is a significant red flag for potential investors.
Deposit and Withdrawal Methods
Parkway-Market supports various deposit and withdrawal methods, including credit/debit cards, bank transfers, and digital wallets like Google Pay and Apple Pay. However, specific information about fees and processing times is limited, which may lead to confusion. Reports indicate that users have experienced difficulties withdrawing their funds, which is a common issue with unregulated brokers.
Minimum Deposit
The minimum deposit requirement varies depending on the account type. The mini account requires a minimum deposit of $100, while the standard account requires $1,000. More advanced accounts, such as the pro and max accounts, require deposits of $2,000 and $5,000, respectively. This tiered structure allows users to choose an account that aligns with their trading experience and capital availability.
Currently, Parkway-Market does not offer any bonuses or promotions, which is a common practice among many regulated brokers to ensure transparency and fairness in trading conditions.
Tradable Asset Classes
Parkway-Market provides access to various asset classes, including:
- Forex: A wide range of currency pairs, including major, minor, and exotic pairs.
- Commodities: Trading opportunities in precious metals like gold and silver, as well as energy products such as oil and natural gas.
- Cryptocurrencies: Access to popular digital currencies like Bitcoin and Ethereum.
- Stocks: Trading in stock CFDs, allowing users to speculate on price movements without owning the underlying assets.
Costs (Spreads, Fees, Commissions)
The cost structure at Parkway-Market varies by account type. Spreads start from 0.8 pips for the mini account and can go as low as 0.2 pips for pro accounts. Commission fees are charged on certain accounts, with rates of $10 per million for standard accounts and $15 per million for pro accounts. The overall cost structure is considered competitive, but potential users should be cautious of hidden fees.
Leverage
Parkway-Market offers high leverage options of up to 1:2000 across all account types. While high leverage can amplify potential profits, it also significantly increases risk, making it essential for traders to employ sound risk management strategies.
The primary trading platform offered by Parkway-Market is cTrader, which is known for its intuitive design and advanced trading tools. However, the absence of MT4 or MT5 may deter users who prefer those platforms.
Restricted Regions
While Parkway-Market does not explicitly list restricted regions, the lack of regulation may imply that users from certain jurisdictions may face challenges in accessing services or withdrawing funds.
Available Customer Support Languages
Customer support is primarily available via email, which can be a limitation for users needing immediate assistance. Currently, the support is only offered in English, which may pose challenges for non-English speaking users.
Repeat Rating Overview
Detailed Assessment
Account Conditions
The account conditions at Parkway-Market are relatively flexible, with various account types catering to different levels of traders. However, the absence of regulation and the potential for withdrawal issues significantly impact the overall score.
While the cTrader platform provides useful tools for trading, the lack of educational resources and support for popular platforms like MT4 or MT5 limits the utility for many traders.
Customer Service and Support
Customer service has received negative feedback, particularly regarding response times and the lack of immediate support options. Users have reported difficulties in resolving issues, particularly withdrawal-related queries.
Trading Experience
The trading experience on cTrader is generally positive, with an intuitive interface and good execution speeds. However, the high leverage options may not be suitable for all traders, especially beginners.
Trustworthiness
The trustworthiness of Parkway-Market is a major concern due to its unregulated status and reports of withdrawal difficulties. Potential users should approach with caution and conduct thorough research before engaging with the broker.
User Experience
User experiences vary widely, with some users appreciating the platform's usability while others report significant issues, particularly with customer support and fund withdrawals.
In conclusion, while Parkway-Market offers a range of trading options and features, the lack of regulation and mixed user reviews raise significant concerns. Potential traders should carefully weigh these factors and consider alternative brokers with more robust regulatory oversight and proven track records.
