PaamFX

General Information & Regulation

PaamFX, a trading name of PAAM FX LIMITED, is allegedly a forex and CFD broker registered in the United Kingdom with Company number 14012519 that claims to provide its clients with over 389 tradable financial instruments with leverage up to 1:500 and commission-free on the industry-standard MT5 trading platform, as well as a choice of five different live account types and 24/7 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that PaamFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.10/10. Please be aware of the risk.

Market Instruments

PaamFX advertises that it offers access to more than 389 trading instruments in financial markets, including forex, cryptocurrencies, CFDs, commodities (energies, precious metals), as well as equity indices.

Account Types

Apart from demo accounts with no minimum deposit, PaamFX claims to offer five types of trading accounts, namely ECN, Prime, Platinum, Expert and Beginner. However, the broker says nothing about the minimum initial deposit requirement.

Leverage

The maximum leverage ratio offered by PaamFX is as high as 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Commissions

PaamFX claims that it offers commission-free trading.

Trading Platform Available

Platforms available for trading at PaamFX are MT5 for Windows, iOS and Android. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

From the logos shown at the foot of the home page on PaamFXs official website, we found that this broker seems to accept deposits and withdrawals via MasterCard, Visa, Bank Transfer and Neteller. However, there is no mention of the minimum deposit and withdrawal amount.

Customer Support

PaamFXs customer support can be reached by telephone: +62 821-1336-5901, email: support@paamfx.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and LinkedIn. Company address: 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, UNITED KINGDOM.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.