The first item to check on a forex broker’s website is the legal company that owns it, its location, and the regulatory bodies that regulate it. A complete set of legal papers is another requirement for licensed businesses. None of these information is available on the Financial Conduct Authority website; not even the Terms and Conditions text provides the name of the company, regulatory license information, or contact address.
The Terms and Conditions designate FCA as the relevant jurisdiction, which is the chosen location for the majority of UK forex brokers. However, it is illegal for a website with this level of anonymity to function in a controlled area.
This firm may be providing or promoting financial services or products without fca permission. You should completely avoid dealing with this firm and be aware of scams.
Almost all the firms and individuals must be authorised by fca to carry out or promote financial services in the United Kingdom. This firm is not authorised by fca and it may be targeting people in the UK.
Unauthorised firm details
Name: Park financial consulting ltd
Address: 154-160 fleet Street, Blackfriars, UNITED KINGDOM, EC4A 2DQ
Telephone: 02080972936
Email: support@parkfinancialconsulting.net, info@parkfinancialconsulting.net
website: https://parkfinancialconsulting.com/, https://parkfinancialconsulting.org/
Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time.
They may also give you details that belonging to another business or individual, so the information looks genuine.
Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.
HOW DO THEY WORK
A large range of trading software, including desktop, mobile, and web-based platforms, is provided to customers by reputable brokers. In the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most used platforms. These platforms have become the industry standard due to the extensive features they provide, such as multiple account usage, a plethora of customization choices, the ability to build and deploy bespoke scripts for automated trading, and the ability to backtest trade methods.
Only cryptocurrency deposits are accepted with free Park financial consulting ltd. This is how financial scammers usually operate. Their preferred method of payment is cryptocurrency since it gives the scammer some degree of anonymity while also preventing the victim of the fraud from demanding a refund.
Trading in currencies, indices, cryptocurrencies, and commodities is promoted by Park financial consulting ltd. However, as previously mentioned, there is no reason to think that this anonymous website provides actual trade. A prudent person would only use authorized and reputable brokers to transact on the financial markets.
The assertion that Park financial consulting ltd provides bonuses is one more example of this type of proof. Bonuses and promotions cannot be given by regulated brokers. Scammers frequently entice potential victims with demands for unreasonable terms by promising apparently large bonuses. The terms and conditions of bonuses are not made explicit by Park financial consulting ltd.
Investing through an offshore division of a well-known company is the best option if you’re ready to take on the danger of trading with high leverage and want to take advantage of incentives and promotion.
The unusual conditions for withdrawal are not specified by Park financial consulting ltd. However, these kinds of frauds constantly catch you off guard with additional costs and other ruses to keep you from getting your money back. These traps are often linked to the incentives being given.
HOW TO GET YOUR MONEY BACK
Recovering money from scammers can be challenging, but here are some steps you can take:
Gather Evidence: Collect all relevant documents, emails, receipts, and any communication with the scammer.
Contact Your Bank or Credit Card Company: If you paid using a credit card or bank transfer, report the scam to your financial institution. They may be able to reverse the transaction or provide guidance on next steps.
File a Complaint: Report the scam to relevant authorities such as the Federal Trade Commission (FTC), Consumer Financial Protection Bureau (CFPB), or your local law enforcement agency.
Notify the Platform: If the scam occurred on a specific platform (e.g., social media, online marketplace), report it to the platform’s support or abuse team.
Seek Legal Advice: Consider consulting with a lawyer who specializes in fraud or consumer protection to explore legal options.
Remember, prevention is key. Be cautious when sharing personal or financial information online and always verify the legitimacy of offers or requests before proceeding.