Palm Capital

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

Is Palm Capital Legit?

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

What Can I Trade on Palm Capital?

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

Account Type

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

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.

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.