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 |
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 | 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 |
Paramount lacks valid regulation at the moment.
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 | ❌ |
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 |
Pro accounts provide a maximum leverage of 1:100, while the other three types accounts offer a maximum leverage of 1:500.
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.
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 |
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.
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