Scamming for Three Years: This Unregulated Dominican FX Broker has New Domains

The former website it operated now has been suspended. And now it comes back with new websites and trade names - Equity Broker and InvestCore.

Deception History with Endless Warnings

The scam's deception history dates back to 2020. In that year, it used the trade name Paragon Finance to scam. And the name was exposed by the Austrian Financial Market Authority (Austria FMA) in the year. Now, the websites (www.paragon-finance.io and www.paragon-finance.cc) warned by the regulators are suspended.

In 2021, the fraud created another three websites and used the trade names - PrimoTrade and Hash Trade. However, the company did not change its address and was still sharing the address in Dominica with Paragon Finance.

Moreover, of course, the firm's audacious deception caught the attention of forex regulators.

UK FCA has warned both PrimoTrade and HashTrade, noticing the public that they are not authorized to provide financial services in the UK.

What's more, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) and the Austria FMA also warned HashTrade.

The Dominican Scammer Today

Now, all the websites operated under the names of Praragon Finance, PrimoTrade and HashTrade are inaccessible.