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Paramount Markets Limited

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Operating status: SCAM

Website: https://www.fx-paramount.com/

Broker violations and abnormal records
  • 2023-07-11 BrokersView has Reviewed that Paramount FZ LLE is an Unregulated Broker

    Paramount FZ LLE claims to be established in Dubai in 2014, but we don't find any results on DuBai Financial Services Authority matching to Paramount FZ LLE. The truth is that Paramount FZ LLE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Paramount FZ LLE claims to be established in Dubai in 2014, but we don't find any results on DuBai Financial Services Authority matching to Paramount FZ LLE. The truth is that Paramount FZ LLE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2024-09-29 BrokersView alerts investors to the changes at Paramount Markets Limited, formerly known as Paramount FZ LLE

    Paramount Markets Limited, formerly known as Paramount FZ LLE, has recently changed its logo and name. However, our verification indicates that it remains an unlicensed forex broker. Although it claims to be registered in St. Lucia, it is important to note that this is an offshore jurisdiction offering minimal investor protections. Additionally, St. Lucia does not license forex trading.

    The company also claims to be based in the UAE, but its name does not appear in the registers of any relevant financial regulators. This means Paramount Markets Limited is not authorized to provide financial services or products in the UAE.

    In summary, Paramount Markets Limited is not regulated by any governing body. Entrusting your funds to this company is highly risky, as there are no legal protections in place to safeguard your investments.

    Paramount Markets Limited appears to be a scam.

    Paramount Markets Limited, formerly known as Paramount FZ LLE, has recently changed its logo and name. However, our verification indicates that it remains an unlicensed forex broker. Although it claims to be registered in St. Lucia, it is important to note that this is an offshore jurisdiction offering minimal investor protections. Additionally, St. Lucia does not license forex trading.The company also claims to be based in the UAE, but its name does not appear in the registers of any relevant financial regulators. This means Paramount Markets Limited is not authorized to provide financial services or products in the UAE.In summary, Paramount Markets Limited is not regulated by any governing body. Entrusting your funds to this company is highly risky, as there are no legal protections in place to safeguard your investments.Paramount Markets Limited appears to be a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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