Paramount foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.fx-paramount.com/en/auth/sign-up, about the company's legal and temporary regulatory information, the company's address 1709, Clover Bay, Business bay Dubai, UAE.
Paramount Forex Broker
Basic information
Saint Lucia
5-10 years Suspicious Regulatory License MT5 Full License Global Business High potential riskCompany profile
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
| Pros | Cons |
| Offers a variety of market instruments | Unregulated Status |
| High leverage up to1:500 | Higher commission for PARAMOUNT ECN |
| Multiple payment methods | Limited information on trading platforms |
| Compatibility with different devices | Limited maximum leverage for PARAMOUNT ECN |
| Accessible trading platforms | Limited 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.
| Tradable Instruments | Supported |
| 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.
| Minimum Deposit | Leverage | Spread | Commission | Swap | Stop out level | Margin call | Min lot size | |
| Standard Account | $10 | 500:1 | 1.6 | Free | Free | 30% | 90% | 0.01 |
| ECN Account | $2,000 | 500:1 | 0.6 | $4 | Free | 30% | 90% | 0.01 |
| Pro Account | $5,000 | 100:1 | 0 | $7 | Yes | 50% | 90% | 0.01 |
| Copy Trade Account | $10 | 500:1 | 1 | Free | Free | 30% | 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 | Supported | Available Devices | Suitable for |
| Paramount platform | ✔ | Android, Google, Linux, iOS and Windows | Investors 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.
Rating Index
Copy Trade
Pro
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Latest Reviews
FX1127939830
Netherlands
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!
Positive
2022-12-08
FX1265943316
South Africa
Great broker so far, their customer service chat is very helpful in solving any issues. Looking forward to continuing to trade with Paramount.
Positive
2023-02-24