PARAMOUNT ACQUISITION CORP has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.paramountacqcorp.com.
Tried to withdraw my funds from PARAMOUNT ACQUISITION CORP and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I lost a significant amount because PARAMOUNT ACQUISITION CORP did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Excellent charting|Market news feed|Demo account available|Intuitive for beginners
Cons: Minor UI glitches occasionally|Withdrawal takes 1-2 business days