Paramount Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 14:01

Abstract：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.

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.