Paradech has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Paradech had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Excellent charting|API access|Multi-device support
Cons: Minimum deposit could be lower|Limited ETF selection
KYC with Paradech is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Comprehensive tools|Regular platform improvements|Full transparency
Cons: Account statements could be more detailed
The platform at Paradech is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for nearly two years of dealing with this, I have had enough.
Pros: Comprehensive tools|Two-factor authentication|Good analytical tools|Tax reports included
Cons: Email notifications too frequent
I was about to invest with Paradech but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
Where do I even begin with Paradech? for about five months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Copy trading available|Great customer service
Cons: Would like more payment methods
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Paradech recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Reliable uptime|Good analytical tools
Cons: Limited social trading features|Search feature is basic
Do not use Paradech for anything serious. I used them since I opened my account last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Multi-currency support|Regular platform improvements|Dedicated account manager|Competitive fees
Cons: Research section could be deeper
The mobile app from Paradech is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Dividend tracking|Copy trading available|Quick verification|Clean UI
Cons: Nothing significant|Research section could be deeper
I trusted Paradech with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: No hidden fees|Clean UI|Good analytical tools|Regular updates
Cons: No integrated tax optimization|No crypto staking
My withdrawal from Paradech was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since mid-2025 of being strung along.
Pros: Helpful community forum|Excellent charting|Regular updates
Cons: Minor UI glitches occasionally|Desktop app not available on Linux