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PariFXtrade Broker Review

PariFXtrade Broker Review
Borina
PariFXtrade is the latest broker that we decided to review. They appeared recently, and immediately started promising great trading experience, as well as unique trading opportunities, but is it really so. PariFXtrade review will give traders all the information they need in one place. Read this review to find out more about different account types,... Read more
PariFXtrade is the latest broker that we decided to review. They appeared recently, and immediately started promising great trading experience, as well as unique trading opportunities, but is it really so. PariFXtrade review will give traders all the information they need in one place. Read this review to find out more about different account types, trading platform, assets, customer support and payment methods available with this broker. PariFXtrade claims to have shares, indices, forex, crypto, and commodities in their portfolio, as well as some special wealth management programs. However, considering that this broker has no company information on their homepage, we decided to proceed with caution.
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  1. PariFXtrade is the latest broker that we decided to review. They appeared recently, and immediately started promising great trading experience, as well as unique trading opportunities, but is it really so. PariFXtrade review will give traders all the information they need in one place.

    Read this review to find out more about different account types, trading platform, assets, customer support and payment methods available with this broker. PariFXtrade claims to have shares, indices, forex, crypto, and commodities in their portfolio, as well as some special wealth management programs. However, considering that this broker has no company information on their homepage, we decided to proceed with caution.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk
  3. PariFXtrade Special features

    We put a lot of effort into trying to find out more about different account types this broker is offering. However, it seems that all traders get access to the same account type. We appreciate the democratic approach, but find it unfair towards traders who want to deposit more as they get the same service as those who deposit the bare minimum. While keeping in mind that modern traders wish to use advanced tools and features, we were surprised how this broker doesn’t advertise any special trading tools or services that might be useful to an average trader.

    PariFXtrade Wealth Management

    The only interesting feature we stumbled upon is wealth management. It is a special service that, according to the broker, helps traders manage their investments, diversify their portfolio and make most out of their capital. However, upon further investigation, we realized that this is simply a managed account. A managed account is when traders give special “managers” employed by the broker, access to their trading funds or simply trust their recommendation. There are many reasons why no trader should agree to this, as it is a certain sign of a scam. Managed accounts are not to be confused with additional educational courses offered to traders with professional trading accounts. Traders must be sure that they trade according to their own, and not according to by broker’s instructions.

    PariFXtrade Demo Account

    PariFXtrade doesn’t have a demo account. In order to research the platform and get a feeling on what it’s like to trade with this broker, they have to make a deposit. Many traders use the demo account as their basic learning tool, and lack of this amazing feature is definitely a downside. There are many brokers who offer a free demo, without making a deposit.

  4. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  5. Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  6. PariFXtrade Trading software

    PariFXtrade is a broker that is using a proprietary platform. This means it is developed for their own needs. Nowadays more and more traders prefer reputable platforms such as MT4, instead of proprietary ones.

    PariFXtrade claims to offer over 250 assets and promises 24/7 trading experience. Still, we failed to find a list of all the assets available on this platform without a registration. The registration is not as simple as it should be. Every account has to be approved by its monitoring team, so you can’t even take a look at the platform before that. This is somewhat unusual.

    PariFXtrade Mobile Trading

    PariFXtrade doesn’t mention any apps that can be downloaded and installed on your mobile phone. This means that trading on the go takes place in the mobile browser. This is rather inconvenient as every time you want to check out your positions or place one, you have to log I and then log out. Brokers with mobile apps require only a single sign in and you can access your trading data literally with a single tap on the screen.

    Adding a mobile app for Androids and iOS phones would make this broker look more modern and up to date.

  7. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  8. PariFXtrade Support information

    When it comes to customer support, there is a live chat that is placed in the bottom right corner on the website. To start chatting, simply click the green circle and type in the question. The live chat told us immediately how there are agents online, waiting for our question. Upon entering our question, which was pretty and straightforward (“Is there a demo we can use?”) we had to wait for a response for a couple of minutes. Then we had to type the question again. The answer we got was confusing and wasn’t related to the demo account at all.

    Traders can also use a phone number +1 (256) 278-5670 or an email ([email protected]).

    PariFXtrade organizes different educational webinars for traders who already have a registered account. Other than that, there are no educational materials that can be useful for traders who want to know more.

  9. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  10. PariFXtrade Payment Methods

    PariFXtrade claims to be regulated by CySEC with the registration number 199/13. But when we tried to find them in their database, we were unable to do so.

    The minimum deposit with this broker is $200, and the minimum withdrawal is $10. Traders who wish to withdraw their money must trade the entire amount at least once in order to avoid withdrawal fees. Also, in case you have more than $100 and wish to withdraw less than $100 you will be charged a 5% fee (or $25 minimum) will be charged.

    When we tried to find terms and conditions, we were redirected to a page that doesn’t exist. The broker also doesn’t list any payment methods that are available. The name we found mentioned on the website that is related to this broker is Expert LTD, but were not able to confirm it is really the company behind it.

     

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  12. Your capital is at risk
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