Unauthorised Firm Details

Name: Paradtrade
Website: paradtrade.com

Paradtrade Review – Many Warning Signs, Very Risky

Paradtrade promotes itself as a full-service broker offering access to forex, commodities, indices, stocks, ETFs, and cryptocurrencies. It promises high leverage (up to 1:1000), multiple account types, bonuses, trading signals, and fast trades. All this sounds appealing, particularly for new traders looking for big returns.

But the deeper you look, the more doubts emerge:

• Their regulatory claims are questionable: they assert a license from an offshore authority (MISA in Mwali, Comoros Islands) but that regulation is weak. Claims of oversight from other authorities (SVG FSA, IFMRRC) are either unverified or from non-authoritative sources.

• The site emphasizes promotional content – welcome bonuses, referral rewards, “ParadCash,” flashy visuals of profits – but many users report that these offers are tied to terms that make them nearly impossible to use, or that promised features are not delivered.

• The trading platform is reportedly basic (a web-based interface lacking advanced tools), with minimal transparency about execution, order types, or spread behavior. Various reviews suggest the platform may manipulate quotes or use simulated environments rather than real market conditions.

• Several users complain of problems at the withdrawal stage: delays, blocked withdrawals, or suddenly discovering that verification or extra conditions must be met. Support appears responsive until deposits are made, but not after profits are requested.

• The marketing and “social proof” appear strong (Trustpilot reviews with high scores, user testimonials) but many of these are flagged by review aggregators as likely fake, overly promotional, or inconsistent with actual trading outcomes claimed by users.

Bottom line: Paradtrade shows many red flags: dubious regulation, inflated promises, inconsistent platform behavior, and serious withdrawal/reporting issues. It cannot be trusted as a safe broker. Proceed only with extreme caution, and only with money you can afford to lose. If you’ve already deposited, save all interactions and report to your financial authority.