Paramount Information Revealed

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.

Pros and Cons

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.

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.

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.

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.