Analysis of Paragon-trade conditions: honest review with feedback.
Review of Blacklists of Scam Companies
Systematic updating of the blacklist of new one-day companies focusing on fraud revealed an interesting trend: most scammers mass launch cloned projects, simply changing their name. Often, even the design and content of the websites remain unchanged.
An example can be Paragon-trade. Reviews about this broker have just started appearing on the internet, as the fraudulent project was launched just before New Year. At present, scammers actively call potential victims and invite them to register on paragon-trade.co. How do they have access to others’ contact details? It’s simple: scammers already have experience in creating subpar resources. Recently, they actively advertised the site Paragon-finance, which has already been engulfed in a whirlpool of negative reviews.
Detailed review of Paragon-trade
According to claims, Paragon-trade is a company in high demand that provides services in over 170 countries. The creators of the project focus on online trading and promise to help everyone interested in starting trading without special skills.
Among the features are:
- flexible leverage (from 1:1 to 400:1),
- over 20 liquidity sources,
- MT4 trading platform,
- timely customer support,
- quick deposits and withdrawals without commissions.
Based on existing reviews, all these claims turn out to be false! Scammers are only interested in other people’s funds. The paragon-trade.co website is clearly done hastily. You only need to look at the main menu with errors to see that.
Contact Information for Paragon-trade Support
While reviewing the reviews, we came across messages from traders about calls from Paragon-trade employees from the number +44 20 3097 6916. When asked about the source of contacts, they respond vaguely, direct to the investing.com website and suggest entering Paragon-trade in the search bar. Entering the company name reveals quotes. Scammers claim that these are not bets but countries where they operate. In reality, they manipulate trusting traders and convince them to register on their website.
The official Paragon-trade website lists a different phone number: +441-613-94-12-99. Additionally, the following are provided:
- feedback form,
- email addresses support.ru@paragon-trade.co, compliance.ru@paragon-trade.co.
Based on traders’ feedback, these communication channels have been used by financial scammers not to communicate with customers but to collect contacts for subsequent resale on the dark web.
Registration Procedure on paragon-trade.co
To become a Paragon-trade client, you need to fill out a short form, indicating:
- name and surname,
- email,
- phone number,
- account password,
- country of residence.
Then you need to accept the terms of Paragon-trade and confirm the absence of US citizenship. Even at the registration stage, scammers make mistakes: they require every potential client to confirm their desire to open an account with Paragon-finance! Apparently, in their haste, scammers did not pay attention to updating the registration form.
Offered Account Types on Paragon-trade
Paragon-trade offers 6 account types. The minimum deposit is $250. Let’s consider the available accounts:
- “MICRO”. Initial deposit – $250. Spreads from 3 pips, bonuses up to 30%, insurance up to 10%, leverage 1:200, up to 5 free signals per month,
- STANDARD. Minimum deposit – $1000. Includes 10 free signals, insurance up to 35%, 35% bonus,
- TRADER. Starting deposit – $5,000. Leverage 1:100, bonuses up to 50%, insurance up to 40%, up to 15 free signals per month,
- PREMIUM. Initial deposit – $10,000. Leverage 1:75, spreads from 2.1 points, up to 70% bonuses, insurance up to 55%, no commissions and VIP signals,
- PRO. Minimum deposit – $25,000. Spreads from 1.5 points, bonuses up to 85%, leverage 1:50, insurance up to 65%, no commissions,
- VIP. Initial deposit starting from $75,000. Spreads from 0.7 points, bonuses up to 100%, deposit insurance up to 75%, no commissions.
Reviews from Real Paragon-trade Clients
Reviews of Paragon-trade have just started appearing, as the project has only been around for a week, but reviews of the predecessor of this resource are full of negativity:
We presume that the number of negative reviews about Paragon-trade will skyrocket soon. Be vigilant!
Exposing the Fraud Scheme on Paragon-trade
Paragon-trade scammers have chosen the well-trodden path of other financial fraudsters. They target deceiving newcomers, initially luring them into minimal investments, then skillfully simulating trading, luring them into large sums. Don’t expect even the slightest profit, let alone withdrawals from the account!
The broker also calls from number: +44 20 3097 6916
When requesting the broker’s license, they say you need to find on the investing.com website in the search the name of our company Paragon, and there will be information about the markets we operate in. In reality, there is information displayed about quotes.
Recommended Articles:
- How to earn online?
- How to build up savings? Is it possible to become a millionaire?
- 21 movies about traders worth watching
Summary of the Paragon-trade Review
Do not believe the false promises of Paragon-trade. This is a clone of previous fraudulent projects, the company has no legal basis for its activities and lacks real offices. Criminals will drain every penny from your budget!