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Paramount FX Trade

United States|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://paramountfxtrade.com/index.php

Website

Rating Index

Contact

+1 (919) 578‑8293‬
support@paramountfxtrade.com
https://paramountfxtrade.com/index.php

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Warning: Low score, please stay away! 5
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 595195) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Paramount FX Trade · Company Summary

GENERAL INFORMATION AND REGULATION

Paramount FX Trade is presented as a forex broker with a worldwide stance that offers a seamless trading experience. They further claim to be licensed in Malta (EU), in the USA, and to support the renowned MetaTrader5 platform.

MARKET INSTRUMENT

What matters most in trading is knowing which products are you offered to chose and make your trade with, and any broker that couldn't justify itself in terms of the marketing instruments ,then that broker shouldn't not be trusted. Here too, when trying to check the marketing instruments offered by this broker, the website can not be accessed.

ACCOUNT AND LEVERAGE

The leverage with this broker is said to be as high as 1:200. Those of you willing to trade with even higher leverage, are welcome to select among some trusted brokers providing levels of 1:500 or more.

SPREADS AND COMMISSIONS

The EUR/USD cost of trade is said to be 3 pips, which is way too much. Better check the offers provided by some of the best brokers in real-time.

TRADING PLATFORM AVAILABLE

Paramount FX Trade says to use the popular MetaTrader5 (MT5), but given this brokers scammy nature, better select a legit MT5 broker.

DEPOSIT AND WITHDRAWAL

Paramount FX Trade says to work with bank wire, credit/debit cards, Skrill, Neteller, Yandex, Qiwi, WebMoney and Bitcoin.

And cards are generally safer, especially if you use Visa and Mastercard – because they allow chargebacks within 540 days from the date of deposit to those who have fallen victims to an investment scam.

Broker Information

Company Name

PFxT ltd.

Company Abbreviation

Paramount FX Trade

Regulatory Status

Suspicious Clone

Platform registered country and region

United States

Phone of the company
  • +1 (919) 578‑8293‬

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Customer Service Email Address
  • support@paramountfxtrade.com

Company Summary

User Reviews

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2

Comments

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付勰
more than one year
My experience with Paramount FX Trade has been great. My account manager is friendly and helpful, reassuring and very patient with me as I was worried and cautious. He explained things I did not fully understand. I am happy I chose to be a part of this trading company who do not pressure me for more money. It is lovely to see that a profit is being made. Thank you.
2023-03-22 17:12
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0
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A87658
more than one year
Tested a lot of Prop Firms but I can honestly say that Paramount FX Trade is one of the few Prop firms that want traders to pass. A Prop Firm operated by professional traders and its track record speaks for itself.
2023-02-24 14:06
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