ParadTrade: reliable guide or trap for traders?
10 years in the stock and fund market, ParadTrade leaves many skeptical. The lack of reviews and details raises doubts. Let’s uncover what lies behind the mask of ParadTrade.
Regulation and activities of ParadTrade
On the website paradtrade.com, it is claimed that over 20,000 accounts and 6 liquidity providers are clear misinformation. Errors in registration dates and the offshore status of Paradfintrades LLC in the Caribbean confirm the company’s insolvency.
The structure of Paradfintrades LLC also manages Meritgroup, accused of fraud. Their websites are copies, and they have equally low ratings.
The ParadTrade platform claims to support 7 languages but operates illegally in Russia. The lack of a Central Bank license and involvement in deals with CRFR raise suspicions of unfair play.
Working conditions with ParadTrade
A trading account opens with $250, offering spreads from 0.00003 and leverage up to 1:1000. These are signs of fraud – reputable companies do not use such parameters.
There are no reviews about fund withdrawals and successful trading, confirming suspicions of deception.
How does deception occur in the company?
ParadTrade, like Meritgroup, deceives newcomers by promising bonuses and much more. Using special software, scammers easily deceive clients, depriving them of large sums.
By analyzing reviews, we see that forgery and fraud are a characteristic feature of ParadTrade. Risking your funds with such a broker is dangerous and impractical.
In conclusion: ParadTrade is a trap for unsuspecting traders. Avoid such dubious platforms to avoid losing your investments!
