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Score

1.55 /10
Danger

Destek

Bahamas

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.destekcapital.com/cn

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Score

Regulatory Index0.00

Business Index7.31

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
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Single Core

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Broker Information

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Company Name

Destek Global Ltd

Company Abbreviation

Destek

Platform registered country and region

Bahamas

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2025-08-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Destek

Bahamas

WikiFX Verification

Destek · Company summary
Palm Capital Review Summary
Founded1995
Registered Country/RegionBahamas
RegulationSCB (Suspicious clone)
Market InstrumentsForex, metals, indices, and commodities
Demo Account✅
LeverageUp to 1:200
EUR/USD SpreadAverage 1.57 pips (Standard account)
Trading PlatformMT4
Minimum Deposit$100
Customer SupportContact 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 Information

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.

Palm Capital's homepage

Pros and Cons

ProsCons
Various trading instrumentsSuspicious clone regulation
Demo accounts availableLimited funding methods
MT4 platform

Is Palm Capital Legit?

Palm Capital claims to be regulated by the Securities Commission of the Bahamas (SCB), but it is suspicious clone.

Regulatory AuthorityRegulated byCurrent StatusLicensed InstitutionLicensed TypeLicensed Number
The Securities Commission of the Bahamas (SCB)BahamasSuspicious clonePalm Global Capital LtdRetail Forex LicenseSIA-F191
Suspicious clone SCB license

What Can I Trade on Palm Capital?

Palm Capital offers four main trading instruments: forex, metals, indices, and commodities.

Tradable InstrumentsSupported
Forex✔
Metals✔
Commodities✔
Indices✔
Stocks❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Palm Capital?

Account Type

Palm Capital offers four main account types: Standard, Gold, VIP, and ECN.

Account TypeMinimum DepositMaximum LeverageAverage EUR/USD SpreadCommissionMinimum Trade Size
Standard$1001:2001.57❌0.01 lots
Gold$1,0001.17❌
VIP$5,0000.77❌
ECN$10,0001:1000.17✔
Account comparison

Leverage

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.

Leverage

Trading Platform

Palm Capital supports the MetaTrader 4 platform but does not support MetaTrader 5.

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 4✔Windows, macOS, iOS, AndroidBeginners
MetaTrader 5❌/Experienced Traders
MT4 platform

Deposit and Withdrawal

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.

Deposit
Withdrawal

User Reviews

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User comment

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Comments

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FX1099203112
more than one year
¡Debo admitir que las condiciones comerciales que ofrece Destek parecen muy atractivas! Pero creo que lo más importante es la seguridad Si su dinero es engañado, ¿cuál es el punto de otras condiciones comerciales? Por lo tanto, no negociaría con Destek porque solo tiene una licencia offshore.
¡Debo admitir que las condiciones comerciales que ofrece Destek parecen muy atractivas! Pero creo que lo más importante es la seguridad Si su dinero es engañado, ¿cuál es el punto de otras condiciones comerciales? Por lo tanto, no negociaría con Destek porque solo tiene una licencia offshore.
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2022-12-06 09:52
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开心每一天69707
more than one year
Been on their website for a long time and it looks pretty good. There are a variety of products available for trading, as well as four different account types to choose from. If you are not ready for real trading, you can also choose to open a demo account on their mt4 platform. The only downside is that they only support bank transfer deposit and withdrawal services.
Been on their website for a long time and it looks pretty good. There are a variety of products available for trading, as well as four different account types to choose from. If you are not ready for real trading, you can also choose to open a demo account on their mt4 platform. The only downside is that they only support bank transfer deposit and withdrawal services.
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2022-11-29 14:13
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