ANSWER Dear Investor,
ParkMoney Limited claims to be registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines. However, our investigation found no matching entity in the SVG FSA’s official registry.
Furthermore, ParkMoney also claims to operate in Dubai, UAE. Upon checking its company name with the Securities and Commodities Authority (SCA) in UAE, we found no evidence of it being licensed or regulated by this authority either.
Based on our findings, it is highly unlikely that ParkMoney holds a valid financial licence that would allow it to offer financial services or foreign exchange trading to the public. As such, the company appears to be operating fraudulently. We strongly advise you to cease further transactions with this broker.
If you have experienced withdrawal issues and have not received a response from the broker, we recommend reporting the issue to your local regulatory authorities. Gather all relevant documentation, including transaction records, chat logs, and screenshots. You may also file a complaint via our official website here. Our team will review your case carefully and provide guidance or explore possible avenues for support.
Please remain vigilant against recovery scams. Fraudsters often prey on victims of financial scams by offering fake recovery services in exchange for upfront fees. Always verify the legitimacy of any party offering assistance.
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