Paraiba World Review 2024

Paraiba World Review 2024

Updated:
Updated: December 28, 2023

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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:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

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.

User Satisfaction i

10 comments
Total score:
2.2 /10

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aizawaibel
18 weeks ago

Exercise caution and refrain from investing any additional funds! While everything was functioning smoothly until two months ago, the situation has taken a downturn. Unfortunately, I haven't received any payouts for the past two months, allegedly due to administrative reasons. Skepticism is warranted, as it appears to be a collapse of the pyramid scheme.

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kashifanwar
24 weeks ago

This platform has been subject to severe criticism, and it's crucial to exercise extreme caution. It's important to note that this is an illicit pyramid scheme currently in the process of collapsing. Payouts have ceased, and participants are being pushed aside. From a purely mathematical standpoint, the promised profits are not viable. The system relies on a continuous influx of new investors, and once that diminishes, the entire structure collapses, resulting in substantial financial losses.

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supawatp
24 weeks ago

Exercise caution and resist the allure of positive reviews, as they may be authored by fanatical supporters or individuals affiliated with Paraiba/Trillant attempting to present an overly optimistic picture of the project. The reality is that no payments are being made, and exiting the project entails a lengthy 6-month waiting period before the return on your investment. Even then, there's uncertainty about whether you'll receive your money at all, which is indicative of a classic fraudulent scheme.

I've personally been waiting for my payments for six weeks, and for verification, I'm willing to provide a screenshot of my account. It's advisable for those claiming to have received payments to substantiate their statements with transaction screenshots.

It is highly recommended that you avoid getting involved in this situation, as it is reminiscent of a cult.

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oadkiddy
26 weeks ago

It's crucial to disregard the positive reviews, as they are likely authored by employees, avid supporters, promoters, or even automated bots. The stark reality is that Paraiba has not fulfilled payouts for an entire month, attributing the delay to a purported change and an overwhelming number of payout orders.

The question arises: how can a company aspire to achieve significant milestones when it struggles to process payment orders? Numerous banks and cryptocurrency exchanges routinely handle far more payment orders than Paraiba claims to be handling.

This delay in payouts appears more like a deliberate stalling tactic, possibly to facilitate a transition of finances into a new system. When an organization is unable to pay out payout requests, it raises red flags and may even be a scam. Therefore, a strong recommendation is to refrain from endorsing or investing in Paraiba.

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beat9923403
32 weeks ago

This is undoubtedly a signature scam. I was subjected to threats, resulting in a loss of 10,000 euros. Despite claims that our money is secure, there have been no payments for two months, with only some individuals receiving funds while a substantial 80% do not. The company has lost approximately 130,000 investors. They initiated the Trilliant platform, developing it over three months, yet its quality resembles that of creation by a high school student. I am confident I could produce something superior in just two days. My experience has been overwhelmingly negative.

Direct threats were received from Erich Ely via SMS. The company resorts to numerous lies and excuses to avoid fulfilling financial obligations. Those opting not to participate in Trillant find their investments blocked for six months. For assistance in recovering all losses, including profits, you may want to explore Recoverytrade.NET.

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shanmuhammad70
35 weeks ago

I am currently awaiting another four-week wait for my payment. Despite Ely's assurances that things would expedite, relying on those promises has proven futile. Unfortunately, I am unable to request a new payment while the previous one is still pending. This situation raises concerns, and I can empathize with those expressing excitement over receiving some funds. However, I remain convinced that the delay is intentional and not a mere coincidence.

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baz88
40 weeks ago

My friend has made a sizable financial investment on this broker's platform. The problem that exists at the moment is that the broker has not processed the withdrawal request that was made many weeks ago. It appears that every communication attempt has gone unanswered. The broker had previously disclosed in one of its posts that it was associated with a private bank, but my friend was just informed that the payment had been postponed because the broker was allegedly searching for a new bank. This raises questions about the actual circumstances surrounding the situation.

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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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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