Paramount FX Trade Forex Broker

Note: Paramount FX Trade's official website: https://paramountfxtrade.com/index.php is inaccessible normally.Paramount FX Trade Information Paramount FX Trade is a brokerage company registered in the United States engaged in various trading instruments investments including 40+ currency pairs, indices, stocks, metals, cryptos, energies, and CDFs. The broker also provides 4 account types with a minimum deposit of $600 and 24/5 multi-lingual support. While the broker's official website has been closed, so traders cannot obtain more security information.Is Paramount FX Trade Legit?National Futures Association (NFA)Current StatusSuspicious CloneRegulated by United KingdomLicense TypeEuropean Authorized Representative(EEA)License No.595195Licensed InstitutionNSFX Limited Paramount FX Trade is authorized and regulated by the National Futures Association (NFA), the current status is Suspicious Clone same as the regulatory status of the Federal Financial Supervisory Authority(BaFin) and The Autorité des Marchés Financiers(AMF). This status will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with Paramount FX Trade. After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.Downsides of Paramount FX TradeUnavailable Website Paramount FX Trade's website is currently inaccessible, raising concerns about its reliability and accessibility.Lack of Transparency Since Paramount FX Trade does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.Regulatory Concerns The NFA, BaFin, and AMF regulate Paramount FX Trade. However, the Suspicious Clone status is less safe than a regulated one.Conclusion Paramount FX Trade Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Suspicious Clone status and unregistered domain name indicate that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.