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Paramount -

Score

1.53 /10
Danger

Paramount

Saint Lucia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.fx-paramount.com/#intro

Influence

D

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Score

Regulatory Index0.00

Business Index7.19

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Warning

RU CBR
2024-10-16
List of entities with detected signs of illegal activities in the financial market FX-PARAMOUNT.COM
Paramount

Broker Information

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Company Name

Paramount Markets Limited

Company Abbreviation

Paramount

Platform registered country and region

Saint Lucia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Paramount · Company summary
Paramount Review Summary
Founded2-5 years
Registered Country/RegionUnited Arab Emirates
RegulationUnregulated
Market InstrumentsFX Pairs, Metals, Cryptos, Indexes, Commodities, Stocks
Demo AccountN/A
LeverageUp to 1:500
SpreadStarting at 0.6 pips
Min Deposit$100 USD
Customer SupportPhone: +97 14 3232 183
Email: Info@fx-paramount.com

Paramount Information

Headquartered in the United Arab Emirates, Paramount offers trading services for a variety of financial instruments, including forex pairs, metals, cryptocurrencies, indices, commodities, and equities. Paramount offers two different account types, Paramount PRO and Paramount ECN.

Paramount Information

Pros and Cons

ProsCons
Offers a variety of market instrumentsUnregulated Status
High leverage up to1:500Higher commission for PARAMOUNT ECN
Multiple payment methodsLimited information on trading platforms
Compatibility with different devicesLimited maximum leverage for PARAMOUNT ECN
Accessible trading platformsLimited cryptocurrency/stock leverage

Is Paramount Legit?

Paramount lacks valid regulation at the moment.

What Can I Trade on Paramount?

Paramount offers traders the opportunity to have access to trade forex, commodities, indices, metals, stocks and cryptocurrencies.

What Can I Trade on Paramount?
Tradable InstrumentsSupported
Commodities✔
Stocks✔
Metals✔
Crypto currencies✔
Indices✔
Forex✔
Binary Options❌
Mutual Funds❌
Futures❌

Account Types

Paramountroffers four live account types, namely Standard Account, ECN Account, Pro Account and Copy Trade Account.

The Standard Account, ECN Account, Pro Account, and Copy Trade Account offer minimum deposits $10, $2000, $5000 and $10 respectively.

Account Types
Minimum DepositLeverageSpreadCommissionSwapStop out levelMargin callMin lot size
Standard Account$10500:11.6FreeFree30%90%0.01
ECN Account$2,000500:10.6$4Free30%90%0.01
Pro Account$5,000100:10$7Yes50%90%0.01
Copy Trade Account$10500:11FreeFree30%90%0.01

Leverage

Pro accounts provide a maximum leverage of 1:100, while the other three types accounts offer a maximum leverage of 1:500.

Paramount Fees

The Standard Account, ECN Account, Pro Account, and Copy Trade Account offer spreads of 1.6, 0.6, 0, and 1, respectively.

Commissions are free for standard and copy trading accounts, and $4 and $7 for ECN and proaccounts, respectively.

The Min lot size is 0.1 for all accounts.

Trading Platform

Paramount offers a trading platform for Android, Google, Linux, iOS and Windows users.

Trading Platform
Trading PlatformSupportedAvailable DevicesSuitable for
Paramount platform✔Android, Google, Linux, iOS and WindowsInvestors of all experience levels

Deposit and Withdrawal

There is no deposit fee for wire transfers, a $50 wire transfer fee for withdrawals, instant deposit processing, and withdrawals up to 24 hours.

There is no commission for cryptocurrency trading, with a minimum deposit or withdrawal amount of $100, a maximum of $100,000 and a maximum withdrawal time of 24 hours.

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FX1265943316
more than one year
Great broker so far, their customer service chat is very helpful in solving any issues. Looking forward to continuing to trade with Paramount.
Great broker so far, their customer service chat is very helpful in solving any issues. Looking forward to continuing to trade with Paramount.
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2023-02-24 13:53
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FX1127939830
more than one year
Once you start working with Paramount, you will realize how much better they are, compared to others. They have the best customer support service. Extremely satisfied!
Once you start working with Paramount, you will realize how much better they are, compared to others. They have the best customer support service. Extremely satisfied!
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2022-12-08 15:56
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