Parnassus Group LLC has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 857-957-1708 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.parnassusgroupllc.com.
I found Parnassus Group LLC after a friend recommended them and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Segregated accounts|Excellent charting
Cons: Email notifications too frequent|Could offer more webinars
After for over three years with Parnassus Group LLC, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Excellent charting|Intuitive for beginners|Automated trading options
Cons: Wait times can be long during peak hours
The so-called education at Parnassus Group LLC is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past year and a half thinking they would help me learn.
Pros: Smooth onboarding|Dedicated account manager|Easy withdrawals|Competitive fees
Cons: Could offer more webinars
The reporting at Parnassus Group LLC is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Easy to use platform|Clean UI|Easy withdrawals
Cons: No crypto staking|Currency conversion fee exists
I lost a significant amount because Parnassus Group LLC did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Demo account available|Risk management tools|Low minimum deposit|Responsive team
Cons: Research section could be deeper|Limited cryptocurrency options
I trusted Parnassus Group LLC with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Clean UI|Multi-currency support|Fast support response|Comprehensive tools
Cons: Minor UI glitches occasionally