ParagonFX (paragonfx.net) claims to be a UK-based broker offering financial services, yet it lacks an FCA license, a major red flag for legitimacy. Unlike its namesake with past CFTC issues, this entity’s unauthorized status in the UK suggests potential risks, urging caution due to absent regulatory oversight.
⚠️ It appears that customers have reported withdrawal issues with ParagonFX.net, indicating potential liquidity or operational problems.
ParagonFX.net is a broker offering various financial services.
It can be found at: paragonfx.net
When choosing a broker, consider factors such as regulation, trading conditions, available markets, and customer support. A reputable broker should be transparent about its fees and services.
The first thing you should check before investing online is whether the company is regulated by a top-tier regulator. Regulation helps protect investors and ensures a level of oversight and accountability.
If you are a victim of an online scam, fill the form below to get contacted by cyber security experts. Take action now and get help.
ParagonFX.net is not licensed by any top-tier regulator. Investing with companies not authorized by your local regulator is risky. In case of a dispute, you may not be able to seek assistance or legal recourse from your local authorities, leaving you with limited options.
The best way to protect your investments is to avoid dealing with unregulated companies. For your safety, we recommend engaging with firms that are licensed by top tier regulators such as the Financial Conduct Authority.
When dealing with an unregulated or offshore-regulated company, you should be aware of the associated risks.
It is important to recognize the major red flags of a fraudulent investment company such as:
If you are a victim of such practices, it is crucial to immediately stop depositing any more funds and report the situation to your local authorities.
| Domain | paragonfx.net |
|---|---|
| Created Date | N/A |
| Updated Date | N/A |
| Expires Date | N/A |
| Estimated Age (days) | 55 |
| Registrant Organization | N/A |
|---|---|
| Registrant Country | N/A |
| Registrar Name | Ultahost, Inc. |
|---|---|
| Registrar IANA ID | 4331 |
| Registrar WHOIS Server | whois.ultahosting.com |
| Registrar Email | u-abuse@ultahost.com |
| Name Servers | N/A |
|---|---|
| Registry WHOIS Server | whois.ultahosting.com |
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