Is Paradex safe to connect to an AI agent?

What an AI agent can do

• Live vs paper: live; testnet with $1M test USDC per account source
• Order approval: Official MCP server (trading-capable, local) and a hosted market-data MCP. Trading subkeys can't withdraw or transfer and can be locked to up to 50 IP ranges; read-only tokens source
• Markets: crypto perpetuals, crypto options, crypto spot
• Pricing: no API fee; API (Pro) orders 0.003% maker / 0.045% taker; app orders 0% with a 300 ms speed bump

Safeguards that exist

• Order approval or confirmation options: No per-order approval; market-maker protection, price bands and a receive window limit orders (official docs) source
• Paper, demo or testnet mode: Testnet app and API with $1M of test USDC per new account (official docs) source
• Withdrawal permission needed or allowed: Trading subkeys can't withdraw, transfer or change settings (official docs) source
• Scoped keys, permission scopes or IP whitelisting: Trading-only subkeys with an IP allowlist of up to 50 ranges, and read-only tokens (official docs) source
• Open source or audited: Core contracts audited by Cairo Security Clan (2025) and the bridge by Zellic and Trail of Bits; the bridge is open source (official docs) source

Safeguards that are missing

• Can it place live orders unattended?: API orders execute with no per-order approval step source

Sources

• https://docs.paradex.trade/api/general-information/api-authentication
• https://docs.paradex.trade/trading/market-maker-protections
• https://docs.paradex.trade/docs/testnet-faqs
• https://docs.paradex.trade/chain/security/audit-pentests

Full listing: Paradex · How the score works: Safety score method