ParkMoney Review

About ParkMoney

ParkMoney Limited is registered in Saint Vincent and the Grenadines (company number 25689‑BC 2019) with its registered office at Euro House, Richmond Hill Road, PO Box 2897, Kingstown, St. Vincent and the Grenadines. It offers MetaTrader 5 (MT5) trading via desktop, web, and mobile platforms, allowing trading in forex (24 currency pairs), CFDs on metals (e.g., gold, silver), energies (e.g., crude oil, natural gas), indices (e.g., Dow Jones, S&P, NASDAQ), commodities (e.g., sugar, corn, wheat), and shares (e.g., Amazon, Tesla, Netflix). Maximum leverage is up to 1:400, and spreads start from 0.1 pip on EUR/USD. The minimum deposit required is USD 100. Customer funds are stated to be held in segregated accounts. The broker also offers a Refer‑A‑Friend program whereby clients earn commissions based on referred traders’ activity. Inactivity fees apply after six months of inactivity, and complaints must be submitted via email following the firm's complaint handling policy.

ParkMoney is not regulated by any recognized financial authority such as FCA, CySEC, ASIC, or others. Despite some claims of LFSA (Malaysia) regulation, no license number is publicly available, and major regulators do not list ParkMoney as authorized. As a result, it does not benefit from investor compensation schemes. Regulatory protection is therefore absent.

Pros and cons

Pros

• Wide range of assets: forex, metals, energies, indices, commodities, shares via MT5 platform.
• High leverage (up to 1:400) and low spreads (from 0.1 pip EUR/USD).
• Demo account availability.
• Client funds reportedly segregated.
• Referral program with commission-based rewards.

Cons

• Unregulated by reputable financial authorities; no verifiable license number.
• Absence of investor protection measures such as compensation schemes.
• Inactivity fee after six months.
• Reported complaints of withdrawal issues; limited transparency over ownership and operations.