Paraiba World Review 2024
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of Paraiba World Trading Company
Using its internal exchange called Unique Exchange, Paraiba accepts investments and distributes profits in Bitcoin. German authorities were quick to discover Paraiba. In June 2020, Germany's top financial regulator, BaFin, released a warning against securities fraud related to the scheme. The Swiss Financial Market Supervisory Authority (FINMA) has severe suspicions that Paraiba World is involved in illicit activities and has issued a warning since the provider is not listed in the commercial register.
Customers report difficulties with the payout because the broker does not respond to their requests for withdrawals. User reviews demonstrate that Paraiba World is one such broker that, while providing certain advantages, does so indiscriminately to steal clients' investments over time.
Paraiba World is accused of operating a pyramid or Ponzi scheme on review websites such as Trustpilot. However, the supplier clarified that Paraiba was now turning into Trilliant, which was the cause of the payment halt. As a result, the investors' money was exchanged for Trillant tokens. When the coin will launch, where it can be traded, and its value outside of the Paraiba system are all utterly unknown. The key factor is that the broker is unavailable as it ceases operation, and the owners are on the run.
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Contacts
Registration address | Bonovo Road, Fomboni, Island of Mohéli, Comoros Union is one of the addresses tagged with Paraiba, but this broker is a scammer, and the addresses he uploads are not real. Do not be surprised to see different addresses attributed to this broker on different posts. |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Paraiba World been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Paraiba World by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Paraiba World is down, not updated or operates with clear errors and some features are not available;
• Paraiba World has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Paraiba World got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Paraiba World got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Paraiba World?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Paraiba World is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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