ANSWER Aragon Trade is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.Aragon Trade claims to be owned and operated by Aragon One AG in Switzerland. It attempts to convince investors that they are legitimate, by placing a link on their homepage directing to OpenCorporates for traders to verify. However, OpenCorporates is only a database sharing data about companies. Data on this website cannot support this broker's legitimacy in offering financial services or products. Given this broker's registration location, Aragon Trade, as required by law, must obtain authorization from the Swiss Financial Market Supervisory Authority (FINMA) to engage in business of trading in forex legally. However, our search for it in FINMA registry didn't yield any results.Regarding your question, Aragon Trade is an unregulated broker. Entrusting this broker with your funds or personal details is highly risky, as there are no legal protections in place to safeguard them. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like Aragon Trade and opt for fully regulated ones instead.
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