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Paramount Growth

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Operating status: SCAM

Website: https://www.paramount-growth.org

Broker violations and abnormal records
  • 2024-03-11 The UK FCA issued a Warning against PARAMOUNT GROWTH

    On 12 March 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against PARAMOUNT GROWTH, believing this company might be providing financial services or products  without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/paramount-growth.

    On 12 March 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against PARAMOUNT GROWTH, believing this company might be providing financial services or products without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/paramount-growth.
  • 2024-03-13 BrokersView has Reviewed that Paramount Growth is an Unregulated Broker

    Paramount Growth claims to be registered in the UK，providing financial investment with foreign currencies, shares, indices and commodities.

    Upon investigation, we found that Paramount-Growth is not Authorized by the United Kingdom Financial Conduct Authority(FCA). And the FCA issued a warning that PARAMOUNT GROWTH was providing financial services or products in the UK without authorisation.

    The truth is that Paramount Growth is not regulated by regulator. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Paramount-Growth is a scam.

    Paramount Growth claims to be registered in the UK，providing financial investment with foreign currencies, shares, indices and commodities.Upon investigation, we found that Paramount-Growth is not Authorized by the United Kingdom Financial Conduct Authority(FCA). And the FCA issued a warning that PARAMOUNT GROWTH was providing financial services or products in the UK without authorisation.The truth is that Paramount Growth is not regulated by regulator. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Paramount-Growth is a scam.

Related Complaints

Q&A

Paramount Growth has license right???

DonnaParker
Denmark
2024-04-26
ANSWER No, it appears that Paramount Growth does not possess the necessary license.While it claims to be registered with the Companies House (CH), the broker has failed to secure the requisite authorization from the Financial Conduct Authority (FCA). It's important to understand that mere registration with the CH does not imply authorization from the FCA. In the UK, nearly all individuals and firms offering financial services are required to obtain authorization from the FCA. Due to its non-compliance and the significant risks it poses, the FCA has issued a warning against Paramount Growth, advising investors to steer clear of this unauthorized firm.Consequently, investors are advised to avoid Paramount Growth to prevent falling prey to potential scams. For a safer trading environment, it is recommended to opt for fully regulated brokers.
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