Paramount Markets Forex Broker

Paramount Review SummaryFounded2-5 yearsRegistered Country/RegionUnited Arab EmiratesRegulationUnregulatedMarket InstrumentsFX Pairs, Metals, Cryptos, Indexes, Commodities, StocksDemo AccountN/ALeverageUp to 1:500SpreadStarting at 0.6 pipsMin Deposit$100 USDCustomer SupportPhone: +97 14 3232 183Email: Info@fx-paramount.comParamount 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 ConsProsConsOffers a variety of market instrumentsUnregulated StatusHigh leverage up to1:500Higher commission for PARAMOUNT ECNMultiple payment methodsLimited information on trading platformsCompatibility with different devicesLimited maximum leverage for PARAMOUNT ECNAccessible trading platformsLimited cryptocurrency/stock leverageIs 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 InstrumentsSupportedCommodities✔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 DepositLeverageSpreadCommissionSwapStop out levelMargin callMin lot sizeStandard Account$10500:11.6FreeFree30%90%0.01ECN Account$2,000500:10.6$4Free30%90%0.01Pro Account$5,000100:10$7Yes50%90%0.01Copy Trade Account$10500:11FreeFree30%90%0.01Leverage 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 PlatformSupportedAvailable DevicesSuitable forParamount platform✔Android, Google, Linux, iOS and WindowsInvestors of all experience levelsDeposit 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.