✔️ Information reviewed and updated in April 2024 by Eduardo López
⭐ Opinions and information about the Paragon-Trade broker ⭐
¿Is the Paragon-Trade broker (also known as prgntrade.co) really trustworthy? ✅ Is it safe for you to invest your money with this company? ❎ Is Paragon-Trade trustworthy? ❎ In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help us with information about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to give the company a score according to their experience with it. 
Let's start with the analysis:
✔️ What is Paragon-Trade? Paragon-Trade is a broker of: Forex and CFDs.
✔️ The broker mentions be part of: not mentioned.
✔️ Where is it based? Paragon-Trade is based in: Dominica.
✔️Is it a regulated broker? If we talk about regulation, the broker Paragon-Trade does not mention being regulated.
❌ Actual location of company offices? We don't know yet, we appreciate someone (brave) giving us this information.
❌ Names of the actual owners? Still unknown, we appreciate any information.
We will continue to analyze the different account types that Paragon-Trade offers. In the case of Paragon-Trade we note that it has 6 different plans or types of account: Micro Account, Standart Account, Trader Account, Premium Account, Pro Account and VIP Account.
🔹 Micro account: minimum deposit of $ 250, leverage of 1: 200, spread from 3 points, more than 25 investment instruments, bonus up to 30%, 5 signals per month.
🔹 Standart account: minimum deposit of $ 1.000, leverage of 1: 200, spread from 3 points, more than 50 investment instruments, bonus up to 35%, 10 signals per month.
🔹 Trader Account: minimum deposit of $ 5.000, leverage of 1: 100, spread from 3 points, more than 100 investment instruments, bonus up to 50%, 15 signals per month.
🔹 Premium account: minimum deposit of $ 10.000, leverage of 1:75, spread from 2,1 points, more than 250 investment instruments, bonuses up to 70%, VIP signals for the duration of the account.
🔹 Pro Account: minimum deposit of $ 25.000, leverage of 1:50, spread from 1,5 points, all investment instruments, bonuses up to 85%, VIP signals for the duration of the account.
🔹 VIP account: minimum deposit of $ 75.000, leverage of 1:30, spread from 0,7 points, all investment instruments, bonuses up to 100%, VIP signals for the duration of the account.
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🔸 The platform used to operate is: own platform.
🔸 Now, yes, we will analyze the different resources and aids that the company provides to traders on its website: we see some explanations of the products that Paragon-Trade offers, explanation of basic concepts of the world of investments, really not much more.
Paragon-Trade Features
What we like the most
- Modern investment platform.
- Low initial deposit.
What we like least
- Unregulated company.
- Little transparent company.
- Bad reputation | Many complaints.
- Very unsafe location.
- You will probably have problems withdrawing your money.
- In general, a very unsafe company.
More information about the company
🔸 Phone number: +441-613-94-12-99
🔸 E-mail: [email protected] | [email protected]
🔸 Website: prgntrade.co
🔸 Bonuses, promotions, offers: None by the moment
🔸 Clarification: If you think that our review is not correct, or you have a different opinion about this company, we invite you to leave a comment in this section - rating with your opinion.
⭐ Paragon-Trade Valuation ⭐
☑️ With the information we have so far, the comments, evaluations and criticisms of users and traders, ⚠️ our opinion is that it seems like a broker with which we have to be careful ⚠️. We do not recommend it.
☑️ Why? Is a broker no regulation and further is located in a very dangerous country for these activities (Dominica), on the other hand, when looking for information and other evaluations about Paragon Trade find a lot of negative reviews and complaints, overall negative feedback.
(I.e. Is Paragon-Trade safe? How reliable is Paragon-Trade? ❎ We consider it to be an unsafe, unreliable company and we do not recommend it. ❎ Why? For the reasons mentioned above. Here you can read comments about Paragon-Trade.
❗ September 2021 update: BAFIN, Germany's financial regulator, has reported Paragon-Trade due to fraudulent activities.
🚫 Link to the warning 🚫 on the official BAFIN website.
❗ June 2022 update: BAFIN, German financial regulator, has reported Paragon-Trade due to fraudulent activities.
🚫 Link to the warning 🚫 on the official BAFIN website.
Do you know this company? Do you think our opinion is not correct? Have you operated with this broker? Share a comment with your experience.
Are you part of Paragon Trade? Are you a representative or worker of the company? Write to us at >> use this form <<
They were warned by BAFIN it is a matter of time before they close this broker.
Hi Marce, this broker called Pragon-Trade is a gotcha, BAFIN (German Financial Regulator) has denounced Paragon-Trade for fraudulent activities (See link BAFIN), it is not advisable to invest money in a NON-REGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE !.
If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes do not exist, they ask for it in order to steal more money.
We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back, we are on your side
Greetings.