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Paramount

Trust Score:

5.00

(1 Reviews)
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About Paramount

Paramount Markets Limited operates under the brand ÒParamountÓ via the website fx-paramount.com and offers access to forex, indices, commodities, metals and cryptocurrency trading to retail clients. The site states the company was founded in 2014 and caters to self-directed traders as well as those using algorithmic tools. It lists account types such as Standard and ECN under the names Paramount Pro or similar branding, and emphasises global market coverage and online access via its desktop, web and mobile portals.

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Regulation & Security

Regulatory information for Paramount shows registration in Saint Lucia under number 2023-00643 with Licence Number R026; however, this jurisdiction is offshore and not regarded as equivalent to major regulatory frameworks. Independent analyses highlight the absence of oversight by a top-tier authority, client fund protections and transparent audit procedures, which indicates elevated counterparty and operational risk.

Account and Setup

Account setup requires completion of an online application via the brokerÕs dashboard portal and approval of verification documents according to the websiteÕs FAQ. The minimum initial deposit is cited in some sources as USD 10 for entry level accounts. The broker offers a demo account for strategy testing and live accounts become available once identity and address checks are passed.

Funding Options

Funding channels are described on the website and elsewhere to include cryptocurrency transfers and wire or card deposits, though detailed disclosures around processing times, supported currencies, withdrawal fees and minimums remain limited. Traders should verify funding terms and turnaround times before committing capital.

Bot & API Compatibility

The platform details refer to support for the MetaTrader 5 (MT5) trading environment, enabling execution of Expert Advisors (EAs) and automated strategy deployment. The broker does not publicly document an exposed API or third-party algorithmic interface beyond standard MT5 automation features.

Trading Conditions& Restrictions

Trading conditions cited by independent review sites include leverage up to 1 : 500 and spreads beginning around 1.6 pips on major currency pairs for entry-level accounts. The broker does not clearly publish a full instrument list, minimum lot sizes or specific restrictions on hedging, scalping or EA usage; algorithmic traders should request the detailed policy documentation direct from the broker.

Regulation & Security

Regulatory information for Paramount shows registration in Saint Lucia under number 2023-00643 with Licence Number R026; however, this jurisdiction is offshore and not regarded as equivalent to major regulatory frameworks. Independent analyses highlight the absence of oversight by a top-tier authority, client fund protections and transparent audit procedures, which indicates elevated counterparty and operational risk.

Account and Setup

Account setup requires completion of an online application via the brokerÕs dashboard portal and approval of verification documents according to the websiteÕs FAQ. The minimum initial deposit is cited in some sources as USD 10 for entry level accounts. The broker offers a demo account for strategy testing and live accounts become available once identity and address checks are passed.

Funding Options

Funding channels are described on the website and elsewhere to include cryptocurrency transfers and wire or card deposits, though detailed disclosures around processing times, supported currencies, withdrawal fees and minimums remain limited. Traders should verify funding terms and turnaround times before committing capital.

Bot & API Compatibility

The platform details refer to support for the MetaTrader 5 (MT5) trading environment, enabling execution of Expert Advisors (EAs) and automated strategy deployment. The broker does not publicly document an exposed API or third-party algorithmic interface beyond standard MT5 automation features.

Trading Conditions& Restrictions

Trading conditions cited by independent review sites include leverage up to 1 : 500 and spreads beginning around 1.6 pips on major currency pairs for entry-level accounts. The broker does not clearly publish a full instrument list, minimum lot sizes or specific restrictions on hedging, scalping or EA usage; algorithmic traders should request the detailed policy documentation direct from the broker.

Paramount Reviews

( 1 )

Paramount Reviews

( 1 )
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