Score
Bahamas
|
5-10 years
| https://www.destekcapital.com/cn
Website
Rating Index
LicensesLicensed Entity：Palm Global Capital Ltd
License No. SIA-F191
Bahamas
destekcapital.com United States
VIP is not activated.
| Palm Capital Review Summary | |
| Founded | 1995 |
| Registered Country/Region | Bahamas |
| Regulation | SCB (Suspicious clone) |
| Market Instruments | Forex, metals, indices, and commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | Average 1.57 pips (Standard account) |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | Contact form |
| Phone: +44 203 1502654 | |
| Email: info@palmglobalcapital.com | |
| OPERATIVE ADDRESS: #3 Bayside Executive Park West Bay Street and Blake Road P.O. Box CB-12407, Nassau, Bahamas Palm Global Capital Ltd. | |
Palm Capital was founded in 1995 and is registered in the Bahamas. It offers trading in forex, metals, indices, and commodities with leverage up to 1:200 on most accounts. The broker supports MetaTrader 4 but not MetaTrader 5, provides a demo account, and various customer support options, but operates under a suspicious clone license.
| Pros | Cons |
| Various trading instruments | Suspicious clone regulation |
| Demo accounts available | Limited funding methods |
| MT4 platform |
Palm Capital claims to be regulated by the Securities Commission of the Bahamas (SCB), but it is suspicious clone.
| Regulatory Authority | Regulated by | Current Status | Licensed Institution | Licensed Type | Licensed Number |
| The Securities Commission of the Bahamas (SCB) | Bahamas | Suspicious clone | Palm Global Capital Ltd | Retail Forex License | SIA-F191 |
Palm Capital offers four main trading instruments: forex, metals, indices, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Palm Capital offers four main account types: Standard, Gold, VIP, and ECN.
| Account Type | Minimum Deposit | Maximum Leverage | Average EUR/USD Spread | Commission | Minimum Trade Size |
| Standard | $100 | 1:200 | 1.57 | ❌ | 0.01 lots |
| Gold | $1,000 | 1.17 | ❌ | ||
| VIP | $5,000 | 0.77 | ❌ | ||
| ECN | $10,000 | 1:100 | 0.17 | ✔ |
The maximum leverage at Palm Capital depends on the account type: the Standard, Gold, and VIP accounts offer up to 1:200 maximum leverage, while the ECN account provides a maximum leverage of 1:100. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.
Palm Capital supports the MetaTrader 4 platform but does not support MetaTrader 5.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Windows, macOS, iOS, Android | Beginners |
| MetaTrader 5 | ❌ | / | Experienced Traders |
Palm Capital primarily processes deposits via bank transfers in USD, EUR, and GBP, with a minimum deposit of $150 and no maximum limit. Transactions can take up to 5 working days to process.
Withdrawals are also handled via bank transfer, with a minimum amount of $100. Palm Capital does not charge withdrawal fees, but clients are responsible for any bank fees on withdrawals below $250.
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