PARADTRADE
We checked PARADTRADE against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report PARADTRADE.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.