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