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Paragon Cryptohub Review: Is it a Scam?

Paragon Cryptohub Review: Is it a Scam?

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A Crypto trading signal provider, Paragon Cryptohub (Paragoncryptohub.com), review is out after weeks of investigating the vendor. The platform is furnishing users with three affordable subscription plans. With the low price comes the question of whether the platform can deliver accurate signals. After complaints from users of inadequate communication, the investigations led to some damning findings. There have been numerous cases of withdrawal complaints from crypto traders. Read this entire post and find out more about Paragon Crypto Hub.

Paragon Cryptohub Review

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About Paragon Cryptohub

On the homepage, the vendor has a video tutorial from what looks like a satisfied client. The woman tries to sell the vendor’s ability by claiming the platform made her successful. After investigating the vendor, it emerged that the woman is a paid actor. It is not the only false statement that is plastered on the platform. With their homepage, it is clear that the vendor is out to fool crypto traders. The page is full of crappy sales tags that look like they are from other crypto platforms.

Paragon Cryptohub is far from being an accurate crypto signals provider. The platform has no valid credentials to support the claim that this platform is legit. And this is the reason why we must expose the platform. Their homepage is not easy to navigate and has clustered information. With just one page full of information, it makes understanding what they are selling a problem. And this is the reason why we have to expose the use of such platforms. The vendor is not professional in their overall presentation.

Assets covered by the platform

Paragon Cryptohub About

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The vendor claims to be in the crypto signals business with USDT trading pairs. From what we have gathered, the platform is mainly offering signals for Altcoins. Those who expected signals for other notable coins such as Bitcoin and Etherium are in for a rude surprise. And this is the reason why we have to expose the platform. They are not upfront with the type of crypto assets available. Once you sign up, then the vendor gives you a subscription plan of Altcoin signals.

Behind the scenes of the platform

After scrolling down their homepage, the vendor claims to use AI technology. The platform is boasting of using STAI Technology, which they claim to have heavily invested in. With this technology, investors get the chance to automate their trading. The team submits trades, and the app does the rest for you. According to their homepage, this is done within less than 2 seconds. The platform claims that paragon and STAI cannot access your capital; it’s not the case.

Comments from members

Paragon Cryptohub Testimonials

With the platform now being online for over two years, the comments are few. And this points to a Crypto signals provider that has not been received well by the community. Such a trading platform has the right recipe for blowing up in the crypto market. The platform uses AI technology to offer Crypto signals which are unique. Without chatter from the online crypto community, it means users are afraid of the platform. And they should be as more and more complaints start piling up with each day.

Designer of the platform

When it comes to the actual people behind the platform, the page is missing this relevant information. We checked with various company registers on the real owner of the platform. The developer’s name is missing, and so is the team running the platform. Anonymity is the word that comes to our mind when we reviewed the platform. The people behind this platform want to remain unknown. With such a platform, the risk involved is higher than the expected returns.

Domain tools checker results of the platform

After checking with special domain tools, we were able to determine when the platform went live. According to whois.domain tools, the site paragoncryptohub.com went live on15th September 2018. We also uncovered their server location, which is in Munich, Germany. Another shocking feature with their domain name is that it has made four changes over the past two years. And this means that the platform has been changing ownership several times. It also means the site could have been selling other products that were brought down.

Features of Paragon Cryptohub

The platform has default account settings, which include auto stop-loss strategy and custom targets. Other features on the platform include the desired trade size and different settings. The platform also goes ahead and claims to use human traders as opposed to algorithms. According to information on their homepage, they use STAI technology to automate trades. And this complicates stuff as they already state that they use humans instead of machines. The vendor should be clear on what exactly they offer.

Is Paragon Cryptohub licensed or registered?

We checked with BaFIN to confirm whether this crypto vendor is regulated. It came as no surprise to find out that authorities do not yet regulate paragon Cryptohub. And this complicates matters as there is a considerable risk involved with unregulated entities. The platform is not able to cover the insurance of funds deposited by users. After months of being in the online trading world, the vendor has no valid permit. It puts all deposits at risk as the platform can shut down at any time.

Other regulators in Europe plan to ban the use of this platform. With more and more complaints piling up, the best way to protect investors is to restrict the platform. The vendor is also at fault as they fail to inform users of their regulatory status. We could not find any information to show that the vendor is looking for a license. And this means the vendor is nowhere near receiving a permit from regulators. The vendor is not even making the effort to apply for the license. It means that the vendor knows they won’t pass the strict guidelines set by regulators.

Pros and Cons of Paragon Cryptohub

Account plans/packages/subscriptions

Paragon Cryptohub Packages

Paragon Cryptohub is furnishing users with three plans. The plans listed include Bronze, Silver, and Gold. These plans come at $27, $50, and $97. With each account comes a different set of features. The bronze account holder gets $25 max trade size of altcoins and $60 for silver account holders. Gold account holders get a $150 max trade size. Quoted recommended balance of these accounts is $300, $600, and $1,200. The vendor is overstating the minimum required balance. Investors should note that the minimum set balance by the industry is $250.

Contact and support

For those looking for a quick response from support, this is not possible. The platform is using a bot that directs users to a FAQ page. The entire website has no contact details, which is a bit sketchy. These developers have made it sure that the only way to contact them is after registering. One can see that the entire platform has no email or phone address. And these types of products are synonymous with online scam artists. The developer is afraid of the blowback they would receive from authorities and victims. It is why they keep their identity out of the way.

Results and trading performance of Paragon Cryptohub

There are no actual results to prove that this platform is working as we are led to believe. From the testimonials we have seen, it is clear these are from other platforms. The vendor tries to hide some crucial details which would direct us to the existing platforms. A legit vendor would post their results on actionable third parties such as FX Blue and myfxbook. With no results posted for the third party to audit, we won’t be buying anything the vendor sells.

Scam or Legit Paragon Cryptohub

After viewing all the details, it is clear that the platform is a scam. The vendor is just out to steal from unsuspecting online investors. Stay away from it or else risk losing your entire funds with the platform.

Final recommendation

We won’t be able to recommend a platform that is unable to produce actual results.

Ensure you sign up with the best Crypto trading robots that have been tested by authorities. These robots offer the best in terms of service delivery and results. With the safety of funds being guaranteed, it makes them the best robots to have.

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2 Replies to “Paragon Cryptohub Review: Is it a Scam?”

  1. As the owner of PCH, I am more than happy to arrange a LIVE video with the person who has compiled this highly inaccurate information.
    It is clear your attempts to shed Paragon in a bad light is another attempt to gain trust with your readers so you can sell them another “opportunity”.

    To be clear, Paragon does NOT hold your capital, we simply provide a subscription service to use our software which automates your trades.

    Good effort, but it is clear you have not actually used my services.

    Let’s arrange a video call

  2. Funds are held on any exchange such as Binance and signals are pa**ed to trade using the exchange’s API. Paragon does not have any access to your funds, they can only trade your account which you can stop at any moment within your own exchange settings. It is literally impossible for them to take your funds.

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