Company Summary
| Paramount Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | FX Pairs, Metals, Cryptos, Indexes, Commodities, Stocks |
| Demo Account | N/A |
| Leverage | Up to 1:500 |
| Spread | Starting at 0.6 pips |
| Min Deposit | $100 USD |
| Customer Support | Phone: +97 14 3232 183 |
| Email: Info@fx-paramount.com | |
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.
bulent
Montenegro
I believe this Dubai-based company has completely collapsed and deceived people, wrongfully seizing their money. Since the beginning of December, our withdrawal requests have been ignored, and finally at the start of this month, both our panel and Meta accounts were closed. The IB who directed us to this company misled us by saying that an apartment would be sold in Iran and our money would be paid, keeping us waiting and deceiving us for 9 months. Now, we cannot access either our account or the panel. Stay away from this company, which has harmed many people, because I was able to reach some of their employees and even they are not being paid their salaries.
Exposure
metin cengiz
Turkey
Hello, my name is Metin Cengiz. The company Paramount, which I have an account with, has not paid our 17,342 dollars since December 17. The IB we work with is constantly stalling us by saying the company will pay but does not have the money. The fact that the company has not paid a single dollar for months cannot be considered good faith. Stay away from this company, especially Dubai investors.
Exposure
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
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