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PARADTRADE

Operating status: SCAM

Website: https://www.paradtrade.com/

Broker violations and abnormal records
  • Apr 23, 2022 BrokersView has reviewed that PARADTRADE is an Unregulated Forex Broker

    PARADTRADE claims it is a fully registered and regulated borker and presents its registration certificate in the St Vincent & The Grenadines Financial Services Authority (SVG FSA) with company number: 586 LLC 2020. However, we did not find any match results to the company name or the company number in SVG FSA.

    Besides, PARADTRADE claims it is a member of Russia International Financial Market Relations Regulation Center (IFMRRC). We do find a match result to PARADTRADE in IFMRRC. But please be informed IFMRRC is a non-commercial organization created to regulate the quality of services provided by brokers which is not a financial regulator that approves licenses for forex brokers. So please beware of brokers making such claims, since brokers eligible to offer derivatives services should have licenses approved by the financial regulator.

    The truth is, PARADTRADE has neither registration nor regulation. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    PARADTRADE claims it is a fully registered and regulated borker and presents its registration certificate in the St Vincent & The Grenadines Financial Services Authority (SVG FSA) with company number: 586 LLC 2020. However, we did not find any match results to the company name or the company number in SVG FSA.Besides, PARADTRADE claims it is a member of Russia International Financial Market Relations Regulation Center (IFMRRC). We do find a match result to PARADTRADE in IFMRRC. But please be informed IFMRRC is a non-commercial organization created to regulate the quality of services provided by brokers which is not a financial regulator that approves licenses for forex brokers. So please beware of brokers making such claims, since brokers eligible to offer derivatives services should have licenses approved by the financial regulator.The truth is, PARADTRADE has neither registration nor regulation. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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