Beware! Aragon-Trade.net is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
When a brokerage website opens with a long and suspicious bonus promotion, you know that you are about to deal with a deceiving broker. One way we know this is through sheer experience, but we also know that very few legit regulators tolerate bonus offerings, which can be incredibly misleading. Aragon-Trade.net Enter Aragon-Trade.net, yet another scammer entity that does what we just talked about; but it’s far worse than that. Read the review to find out.
The easy registration does not act as a good sign here as well. This just invites more users to invest and lose money, and that’s the reason why it’s so easy to register; the more users the higher the deposit count!
But this was not the worst part of the whole thing. The user area was designed in the typical unfinished and shady design, but that’s nothing compared to the complete lack of a software. No software means that there are no trading asse3ts available, no spreads applicable, and no leverages, no matter what the website claims
ARAGON-TRADE.NET REGULATION AND SAFETY OF FUNDS
Aragon-Trade.net proves here that it is the utmost ridiculous broker, with little to no shame at all. Because in order to state that you are a Swiss based broker is to basically assert that you are better than 95 percent of all other brokers in the industry. It this may be true for actual Swiss brokers, but definitely not for this one.
For one, every broker in Switzerland must hold a license from FINMA, one of the most demanding and scrupulous regulators in the world, definitely up there with the United States CFTC and NFA. FINMA is arguably the most rigorous regulator in the whole of Europe, which is home to the likes of the FCA, CySEC, and BaFin, so you know you are dealing with a serious regulator.
But the overseer has nothing to say about Aragon-Trade.net, and there is no legit reason why it should. Furthermore, there is no mention of FINMA anywhere on the site, so there you have another reason why not to trust Aragon-Trade.net.
For this broker is exceptionally unregulated, and a big risk to all investments, if there ever was one.
If you are investing in an unregulated broker better not invest at all; at least in the latter occasion you will not be ensnared in an investment scam that will not only take your money but will greatly waste your time and energy. Better yet, if you have the will to invest, and either are skilled at it or want to expand your knowledge, there is no better way to go than any of the European, UK, US, or Australian brokers we have compiled for you. These are all regulated, and so are up to industry standards, but are also limited in the amount of freedom they can have by some of the top regulators!
ARAGON-TRADE.NET TRADING SOFTWARE
There is no software here; the more we review Aragon-Trade.net, the more it distances itself from the “broker” label. But it does not leave its clients empty handed, for here the replacement for a software is a set of investment plans:
These are utterly ridiculous claims, and very simple money-stealing schemes. There is no reason to believe that your next deposit at Aragon-Trade.net will be generating .3% of profit per hour, because there is no feasible or practical explanation of the origins of these funds. Once you invest this money you will lose it forever.
ARAGON-TRADE.NET DEPOSIT/WITHDRAW METHODS AND FEES
There are a total of 7 different crypto wallets in the user area, all to be directly invested in. The user has to copy the address and then directly send money to it, without any reciprocal proof that her funds will be reflected in the trading account. The broker accepts any payment, even as low as $1.
But we must remind users of the packages, where the minimum investment requirement is $1000. But still, the shadiness of the crypto wallet speaks of itself, so the $1 amount will be considered as a minimum requirement.
There are no withdrawal details whatsoever here. The broker has not revealed a single clause exposing even the bare minimum of conditions. We have no clue if there are fees, nor do we know for sure if Aragon-Trade.net allows for withdrawals. Taking its scammer nature, it probably does not. All investments here will be lost.
HOW DOES THE SCAM WORK
Scams have surprisingly little evolved over the past decades since their inception. It’s basically the same principle being rendered through different sites and by a plethora of different agents.
The core remains the same. The broker tries to grab the client’s attention either by advertising false profit gains, or by directly contacting the user, who is the vastness of the internet let his guard down at some point and either provided an email or a phone number to some now forgotten source.
Should the user get contacted (or fall for the ads) he or she will be shown to the website of the investment fraud and promptly be pushed to invest, either by sweet talking representatives of the scam, or by the account manager which is also the one that keeps the whole thing in check.
The ultimate goal is to compel the user to invest once, and after that the trap is fully shut. The client already lost money, and any further investments are a bonus to the broker. All withdrawals will not be available, and even if the broker seems to be keeping a straight face, it’s all part of the scheme.
Sometimes the users will get a small teasing taste of profit, just so they are motivated to invest more. But after that one time is when most clients realize that something is wrong.
WHAT TO DO IF SCAMMED
The best thing to do is to file for a charge back with your credit or debit card provider, provided that you had previously invested via them. MasterCard and VISA have a chargeback period of 540 days, so its relatively easy to get reimbursed, and that’s why fewer and fewer scammer brokers are offering card payments.
An easier way to lose money is through wire investments. The only advise we can give you is to contact the bank as soon as the money has been lost (or when you realize you have been played). That and to change your bank account password and user name!
We come to the favorite investment methods of unlicensed brokers – crypto wallets. These are untraceable, and thus once a payment goes through it’s finished! There is no real way of getting one’s money back.
Also do not trust recovery agent or agencies promising to get your money back. These will fee you a hefty sum in return for their services, but as soon as you pay them they will disappear!