Score

4.92 /10
Average

Palm Global

Bahamas

1-2 years

Regulated in Bahamas

Retail Forex License

MT4 Full License

Regional Brokers

Medium potential risk

Offshore Regulated

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Comparison

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Exposure

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Website

Score

Regulatory Index3.05

Business Index4.93

Risk Management Index8.90

Software Index9.26

License Index3.05

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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WikiFX Risk Alerts
Previous Detection : 2024-12-25
  • The Bahamas SCB regulation with license number: SIA-F191 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Palm Global · Company summary
Palm GlobalReview Summary
Founded2023
Registered Country/RegionBahamas
RegulationOffshore regulation
Market InstrumentsOver 40 currency pairs, commodities and precious metals
Demo Account
LeverageUp to 1:200
SpreadStarting from 0.17 pips
Trading PlatformMetaTrader 4
Min Deposit$100
Customer SupportPhone: +44 203 1502654
Email: info@palmglobalcapital.com
Physical Address: Trinity Place Annex Corner Frederick and Shirley Streets, Nassau, Bahamas Palm Global Capital Ltd.

Palm Global Information

Palm Global Ltd is a global forex and CFD broker, authorised and regulated by the Securities Commission of the Bahamas, license number SIA-F191. Founded by an experienced and dedicated team of online finance professionals.

Palm Global Information

Pros and Cons

ProsCons
Diversified trading productsOffshore regulation
Support MT4
Various accounts
No hidden costs

Is Palm Global Legit?

It is clear that Palm Global is offshore regulated by the Securities Commission of the Bahamas, license number SIA-F191.

Is Palm Global Legit?
Is Palm Global Legit?

What Can I Trade on Palm Global?

Palm Global offers traders the opportunity to trade a wide range of markets, including over 40 currency pairs, commodities and precious metals.

What Can I Trade on Palm Global?

Account Types

Palm Global offers a total of 5 different types of accounts to traders - Standard accounts, Gold accounts, VIP accounts , ECN accounts and demo accounts.

STANDARDGOLDVIPECN
Minimum deposit$100$ 1,000$ 5,000$ 10,000
EURUSD spread (average 24hrs)1.571.170.770.17
CommissionsNoNoNoYes
Minimum trade size in lots0.010.010.010.01
Maximum leverage*200:1200:1200:1100:1
Hedging allowedYesYesYesYes
EAs allowedYesYesYesYes

Palm Global Fees

Palm Global claims to offer low spreads and split spreads overview by market and account type. The spread shown for indices and commodities is the in-hours spread, which is the minimum spread they quote for these symbols.

The EURUSD average spread for standard account is 1.57 pips. Gold account is 1.17 pips. For VIP account, it is 0.77 and ECN account is 0.17 pips.

Palm Global Fees

Trading Platform

Aifactor's trading platform is MT4, which supports traders on the web and mobile.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Web, MobileBeginner
MT5
Trading Platform

Deposit and Withdrawal

The broker supports four payment methods, including credit cards, wire transfers, and web money.

Deposit

DescriptionCurrenciesMinimumMaximumTransaction Time
Bank transferUSD, EUR, GBP150No maxUp to 5 working days

Withdrawal

DescriptionCurrenciesMinimum*Transaction Time
Bank transferUSD, EUR, GBP100Up to 5 working days
Deposit and Withdrawal
Deposit and Withdrawal

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