paragonixtraderai.net has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Several red flags with paragonixtraderai.net: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
I am in a dispute with paragonixtraderai.net over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Instant funding|Comprehensive tools|Clean UI
Cons: Withdrawal takes 1-2 business days|Onboarding videos are outdated
For anyone considering paragonixtraderai.net, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I invested $2,000 with paragonixtraderai.net after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I have been trying to close my account with paragonixtraderai.net for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Multi-currency support|Detailed reporting
Cons: No integrated tax optimization|Account statements could be more detailed
paragonixtraderai.net offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Reliable uptime|Segregated accounts|Demo account available
Cons: No phone support on weekends
The mobile app from paragonixtraderai.net 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: Multi-currency support|Real-time alerts|Clear documentation|Competitive fees
Cons: Desktop app not available on Linux|None so far
Do not be fooled by the professional-looking website. Behind the scenes, paragonixtraderai.net is disorganized and incompetent. I found them while looking for alternatives to my previous provider and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Copy trading available|Intuitive for beginners|Dividend tracking|Regular platform improvements
Cons: Limited demo account features|Limited cryptocurrency options