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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