Destek Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-06-12 16:49

Abstract：　　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 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 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.

Pros and Cons

Pros	Cons
Various trading instruments	Suspicious clone regulation
Demo accounts available	Limited 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 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

What Can I Trade on Palm Capital?

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

Tradable Instruments	Supported
Forex	✔
Metals	✔
Commodities	✔
Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　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	✔

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.

Trading Platform

　　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

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.