Paramount Global broker Accounts

paramount global Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: paramount global Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Spreads from 1.6 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: Fast order execution, access to 50+ trading instruments, multiple trading platforms (MetaTrader 5, Web, Mobile)
• Target User Profile: Beginners and traders with limited initial capital
• Trading Instruments Available: Major forex pairs, indices, commodities, and metals

1. ECN Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads, commission applies
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex pairs, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads, commission applies
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Comprehensive range of forex pairs, indices, and commodities

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no swap fees
• Target User Profile: Muslim traders seeking compliant trading options
• Trading Instruments Available: Same as Standard or ECN accounts

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $100,000)
• Spread/Commission Structure: Similar to live accounts
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and experienced traders testing strategies
• Trading Instruments Available: Full range of forex pairs, indices, commodities, and metals

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Traders Testing Strategies: Demo Account

Part 2: paramount global Account Features Comparison

Detailed paramount global Account Features

• Minimum Deposit:

• Standard: $10

• ECN: $100

• Pro: $500

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.6 pips

• ECN: Variable

• Pro: Tight

• Islamic: Similar to Standard/ECN

• Demo: Similar to Live

• Commission Fees:

• Standard: $0

• ECN: Yes

• Pro: Yes

• Islamic: $0

• Demo: $0

• Lot Size (Micro/Mini/Standard):

• Standard: 0.01 minimum lot size

• ECN: 0.01 minimum lot size

• Pro: 0.01 minimum lot size

• Islamic: 0.01 minimum lot size

• Demo: 0.01 minimum lot size

• Available Trading Platforms:

• Standard: MT5, Web, Mobile

• ECN: MT5

• Pro: MT5

• Islamic: MT5

• Demo: MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Full access to trading instruments, practice without risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• User-friendly for beginners

• Access to educational resources

• ECN Account:

• Direct market access

• Lower spreads

• Suitable for high-frequency trading

• Advanced trading tools

• Pro Account:

• Enhanced trading conditions

• Priority customer support

• Suitable for professional traders

• Access to exclusive market insights

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Flexible trading options

• Available for all trading instruments

• Demo Account:

• Risk-free trading environment

• Full access to trading features

• Ideal for testing strategies

• No financial commitment

Disadvantages of Each Account Type

• Standard Account:

• Limited advanced features

• Higher spreads compared to ECN

• ECN Account:

• Requires higher minimum deposit

• Commission fees may apply

• Pro Account:

• High minimum deposit requirement

• Not suitable for beginners

• Islamic Account:

• Limited availability in some regions

• May have higher spreads compared to standard accounts

• Demo Account:

• No real profits can be made

• Limited to virtual funds

Part 3: paramount global Account Registration Requirements

paramount global Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Minimum age of 18 years.

• Geographic Restrictions: Available in most countries; specific restrictions may apply.

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

• Government-issued ID (passport, national ID card)

• Proof of residence (utility bill, bank statement)

• Proof of Residence Requirements:

• Recent documents showing the applicant's name and address.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial background may be required.

• KYC/AML Compliance Procedures:

• Standard Know Your Customer (KYC) and Anti-Money Laundering (AML) checks will be conducted.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: paramount global Account Opening Process

Step-by-Step paramount global Account Opening Guide

1. Visit Website and Click Registration:

• Go to the paramount global website and select the "Open Account" option.

1. Personal Information Entry:

• Fill in required personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify trading preferences and leverage options.

1. Document Upload:

• Upload required identity verification documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit funds using the available payment methods.

1. Start Trading:

• Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request account type changes through the client portal or by contacting customer support.

Part 5: paramount global Demo Account Information

paramount global Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Risk-free trading environment.

• Ideal for practicing strategies.

• How to Open a Demo Account:

• Follow the same registration process and select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds; cannot withdraw profits.

• Virtual Balance Amount:

• Typically $100,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually remain active for 30 days but may be extended upon request.

Part 6: paramount global Islamic Account Details

paramount global Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must comply with Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees applied.

• How to Apply for Islamic Account:

• Select the Islamic account option during registration.

• Restrictions or Special Conditions:

• Must provide documentation confirming eligibility for an Islamic account.

FAQs – paramount global Account Types & Opening

1. What account types does paramount global offer？

• Paramount global offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $10, ECN: $100, Pro: $500, Islamic: $100, Demo: Virtual funds.

1. How long does paramount global account verification take？

• Verification typically takes 1-3 business days.

1. Does paramount global offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with paramount global？

• Yes, users can open multiple account types.

1. Does paramount global offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a paramount global account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, users can request to upgrade or downgrade account types.