PARADTRADE Review

About PARADTRADE

ParadTrade operates under the brand of Paradice Trade LTD, registered at Bonovo Road – Fomboni, Comoros Union, with company registration number HM00624757. The broker states that it is regulated by the Mwali International Services Authority (“MlSA”) under license number BFX2024133 (). The platform offers trading in Forex, stocks, commodities, and cryptocurrencies, provides four versions of its trading platform accessible via web, mobile, desktop, and tablet, and claims to support leverage ranging from 1:1 up to 1:1000, allows use of automated advisors, news trading, hedging, and scalping, boasts spreads from 0 pips on ECN accounts, and execution speeds as low as 0.05 seconds ().

ParadTrade represents that it allows base currencies adjustment, offers swap-free (Islamic) account options, and provides both automated trading (through TIS system for copy trading) and trade insurance features ().

Multiple independent verifications and regulatory reviews indicate that ParadTrade lacks recognition from major global financial regulators. The SVG FSA, FCA, ASIC, BaFin, SFC, and CNMV have issued warnings or affirmed that ParadTrade does not hold legitimate regulatory authorization, and no registration is found in FCA, ASIC, or CySEC databases (). Third-party reviews further question the effectiveness of MlSA oversight, noting it provides limited or no investor protection and that the FMRRC, where ParadTrade also claims association, is not a statutory regulator ().

Pros and cons

Pros

• Offers ECN-style spreads from 0 pips.
• Wide leverage range up to 1:1000 and supports automated trading, hedging, and scalping.
• Multi-platform access (web, mobile, desktop, tablet).

Cons

• Regulated only by MlSA, an offshore authority offering limited investor protection.
• Lack of authorization from recognized regulators such as FCA, ASIC, CySEC, SVG FSA.
• Regulatory claims contradicted by warnings from multiple financial authorities and no verifiable registration in reputable registries.