PALM CAPITAL

Palm Capital, operating under the brand Palm Global Ltd, is a retail forex and CFD broker headquartered in the Bahamas. The company was founded on 8 November 2023 and is registered at #3 Bayside Executive Park, West Bay Street and Blake Road, P.O. Box CB-12407, Nassau, Bahamas. It is authorised and regulated by the Securities Commission of the Bahamas (SCB) under licence number SIA-F191, classified as an Offshore Regulation (MM).

The broker positions itself as a global provider of online trading services, targeting both retail and more experienced traders. It offers leveraged trading on forex, commodities, indices, and metals, with a focus on transparent execution and client fund protection.

Palm Global holds a Derivatives Trading Licence from the SCB, a regulatory body in the Bahamas. The SCB is not a top-tier regulator like the FCA or CySEC, but it does impose certain requirements such as client money segregation and fair treatment of customers. The broker's licence status is listed as 'Offshore Regulation', which may offer a lower level of investor protection than major jurisdictions. Traders should be aware that recourse in case of disputes may be limited. The broker itself claims it hedges all client orders immediately and does not take the opposite side of trades.

Palm Global provides three account tiers tailored to different trading budgets. The STANDARD account requires a minimum deposit of $100, making it accessible for beginners. The GOLD account requires $1,000, and the VIP account requires $5,000. All accounts offer a maximum leverage of 1:200. Spreads vary by account: the EURUSD average spread is 1.57 pips for STANDARD, 1.17 for GOLD, and significantly tighter for VIP (the website table shows 0 pips, likely a very low spread adjusted dynamically).

Each account provides access to the same range of instruments, including over 40 currency pairs, commodities, gold, and silver. The broker also offers a free demo account for practice. There is no mention of an ECN account in the account selection page, though the website's meta description references an 'ECN account' — this may be a legacy or future offering.

Trading is executed via the MetaTrader 4 (MT4) platform, available for Windows desktop, web browsers, iOS, and Android devices. MT4 is widely used in the industry and provides advanced charting tools, technical indicators, and automated trading via Expert Advisors (EAs). The broker supports multiple order types and offers a unified login across devices.

Instrument specifications are detailed on the website: leverage for major forex pairs is typically 200:1, with some pairs like EURCHF limited to 100:1. Contract sizes follow standard forex lots (100,000 units). The broker also offers indices and commodities CFDs, though specific symbols and margin requirements are not fully listed in the web results. The product list includes tick sizes and trading hours, indicating a structured offering.

Funding is available via bank transfer only, according to the website. The minimum deposit for bank transfer is $150 (or equivalent in EUR/GBP), with no maximum limit. Transaction processing time is up to 5 working days. The broker does not mention credit/debit cards, e-wallets, or other payment methods, which may be a limitation for traders seeking instant funding.

Withdrawals are processed through the same method. The client area, 'myPalm Global', is used to initiate deposits and withdrawals. The broker states it segregates client funds for protection.

The website provides a FAQ section addressing common queries about regulation, accounts, platforms, and payments. Palm Global claims to offer exceptional support, though specific contact details (phone, email, live chat) are not prominent in the web results. The broker also provides educational content on spreads and trading conditions.

The broker's overall risk score as assessed by FXCanary is 41 out of 100, indicating a guarded risk level. This reflects the offshore regulation and limited track record (founded in 2023), balanced by a transparent website and clear licence details.