In a large mixing bowl, combine the finely chopped conch meat, chopped onion, green bell pepper, red bell pepper, minced garlic, and chopped parsley.
Add the hot sauce, salt, black pepper, and paprika. Mix well.
In a separate bowl, whisk together the baking powder and flour.
Add the beaten eggs and milk to the dry ingredients, stirring until you have a smooth batter.
Fold the conch mixture into the batter, mixing until well combined.
In a large skillet or deep fryer, heat vegetable oil over medium-high heat until it reaches 350°F (175°C).
Drop spoonfuls of the conch batter into the hot oil, being careful not to overcrowd the skillet.
Fry the fritters for about 3-4 minutes on each side, or until they are golden brown and crispy.
Remove the fritters from the oil and place them on paper towels to drain any excess oil.
In a small bowl, combine the mayonnaise, ketchup, lime juice, and hot sauce. Mix well.
Season with salt and pepper to taste.
Enjoy your meal!