Palmer Finance Company Review: Access to a Unique Trading Platform or a SCAM?

Palmer Finance Company - logo

Palmer Finance Company provides clients with access to a unique trading platform on which they can trade various financial instruments. This is a British broker working on ECN technology. Let’s take a closer look at the terms of this project, as well as reviews about it. Before we recommend it, we need to make sure that it is not a scam. Although more often it happens the other way around.

Palmer Finance Company General Information

Phone Number +447460313624 (WA), +442080895770
Address Sweetwood Drive Street, Boulder, Colorado 80302
Minimum Deposit £100
Assets CFDs
Leverage 1:400
Trading Platform WebTrader

Registration and Client Portal Review

Palmer Finance Company did not seem to us a decent broker immediately after our first acquaintance. Seriously, have you seen this site? It is absolutely typical and formulaic. It does not cause anything but the desire to close it. These empty words also very annoy us everywhere. «There is no better time than investing now». Of course, this is true. However, not with your platform, guys.

Let’s explain our point of view. Palmer Finance Company poses as an international broker. The company is supposedly from England. At the same time, its office is in America. Moreover, the site generally presents only English and Polish. Do we hope it is clear what audience this broker is targeting?

Palmer Finance Company - website

Registration on the site took us only two minutes. Palmer Finance Company is one of those brokers who do not care about your security. You just need to fill out a small form with contact details and you will immediately get access to the Client Portal.


The Palmer Finance Company Client Portal looks as simple as the official website. All standard functions are available here. You can fund your account, create a withdrawal request, and view financial transactions. Also, there are functions for editing account settings and uploading documents.

Client Portal

Palmer Finance Company Trading Conditions

Palmer Finance Company is a Forex and CFD broker. It claims that it has provided better conditions for traders. We do not agree with this.

Account Types Review

The broker has five types of accounts. There is even a small minimum deposit. Only 100 pounds. You know what? Trading on the Beginner account is almost impossible. If you choose it, you will have access to 9 currency pairs. These are all your trading tools. Besides, you will get sick of the size of the spreads and will inevitably want to open the next, more profitable account.

And here’s a surprise. You will have to deposit 5 thousand pounds already. Palmer Finance Company will add only one type of asset to currency pairs. It doesn’t say which one. In general, to get access to all trading instruments, you will have to open at least a Gold account. And it needs to be funded by 100 thousand dollars. Starting with a Gold account, you will also be provided with a bunch of near-market services. For example, loans from the company, trading signals, insured transactions, bonuses, etc. In general, this is literally everything that reputable regulators prohibit.

Trading Platform

The Palmer Finance Company trading platform is a standard web trader. We are so tired of it. It’s just impossible to convey. For some reason, every broker who uses it claims that it is a personal development and generally the best software in the world. Of course, this is not the case. It’s a terminal with rather limited functionality. Additionally, Palmer Finance Company decided not to spend money on the desktop version.

Palmer Finance Company - platform

Palmer Finance Company — Deposit and Withdrawal of Funds

Palmer Finance Company specifies only Visa/MasterCard and bank transfers as deposit methods. Crediting to the account takes up to three working days. We tried to fund our account and we failed. You see, the procedure here is not very typical

First, you will need to specify the deposit amount and then wait for a call or message from the manager. What for? If only we knew! Obviously, Palmer Finance Company really wants to talk to you before you fund your account. What if the consultants manage to persuade you to deposit a large amount?


The list of documents that Palmer Finance Company may need is quite impressive. Perhaps, at the first stage, it will ask you to confirm only your identity and place of residence. To do this, you can upload color copies of documents to your personal account. Also, each time you withdraw money, you will have to fill out DOD and POR. Besides, there is a separate application form for bank transfers, which must first be printed out, then filled out, scanned, and uploaded back to the client portal.


Additional Options

Palmer Finance Company offers very strange additional services. For example, what are insured transactions? If you are trading on a real market or at least using ECN technology, you cannot have any insured transactions because you are trading against real traders. Account bonuses are another fraudulent branch. Naturally, you will not get this money just like that. You’ll have to work them out. And all the profits that are received from bonuses can be canceled from your account. Finally, what is the lending from the company? It is prohibited at all.

Is Palmer Finance Company a Scam?

So far, everything we have reviewed about Palmer Finance Company clearly hints that this is a scam. However, things are much worse.

Palmer Finance Company claims that its management company is registered in England. It is listed in the register under the number 05305159. With such registration data, we found Palmer Finance, incorporated in 2004. The type of activity of this firm is financial intermediation, not classified anywhere. It’s not very similar to brokerage services yet.

Legal entity check

Also, all brokers in the UK are required to be authorized on the FCA registry. However, at the request of «Palmer Finance», there were only three matches. And these companies do not belong to the company with the registration number 05305159. The latter is simply not included in the registry. This means that its services don’t really need licensing. The hero of our review simply pretends to be a suitable legal entity.

License check Domain Info

Another reason why we are sure that the Palmer Finance Company is a scam is its term of work. In the register, the registration date is indicated as 2004. However, there are no reviews about such a broker until 2023. And the domain check showed that it was registered on January 9, 2023. The project is still a few weeks old. And it is unlikely that it will work at all for at least a year.

Domain info

Contacts Review

Palmer Finance Company specifies several phone numbers for communication, an email address, and even a link to WhatsApp. There is no office of such a company at the address indicated on the website. And one of the phone numbers is borrowed from another broker, JM Trade. How many more inconsistencies do we need to find to make it clear that this is a scam?

Pros and Cons

  • A small minimum deposit.
  • Ridiculous trading conditions.
  • Fake legal data.
  • No license.
  • Fake contacts.
  • A small lifespan.

Palmer Finance Company Summary

Palmer Finance Company - favi

Obviously, you should have no desire to even try to trade with such a broker. Palmer Finance Company uses someone else's legal data. There is no license. Branches and representative offices are not open anywhere. This is definitely a fake broker.

Website information content 4
Client Portal 4
Trading conditions 3
Trading platform 4
Deposit and withdrawal 3
Verification 4
Extra options 3
Licenses and guarantees 1
Work duration 1

Frequently Asked Questions (FAQ)

What Does Palmer Finance Company Offer?

The broker offers CFD trading on popular assets. It also has many types of consulting services.

How Much Money Should I Invest With Palmer Finance Company?

The minimum deposit is only 100 pounds. The truth is that it will be inconvenient to trade on the start account. The broker has done everything to ensure that you deposit at least 5 thousand.

Is Palmer Finance Company Safe?

No, this is a fake company that uses the data of a real firm. It is not regulated by supervisory authorities. The chances that the deposit will not be returned to you here at all are very high.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. William

    The platform is poor. The conditions are too

    I registered an account, of course, for a one-time number, since I don’t want to show my real number. Often such scammers collect them in the database and merge them later. So, I looked at the platform from the inside. It’s complete nonsense. It couldn’t be worse. There is no functionality. They didn’t even offer a MetaTrader as an alternative. Palmer Finance Company is a very poor broker with inadequate conditions. I did not trade and I do not advise you.

  2. Cole

    The platform is fake

    If you invested money in Palmer Finance Company, then you were destined to get this negative experience of cooperation with a frank scam. Yes, it’s not a broker. It’s a stupid and scamming site stealing money from gullible people.

  3. Daniel

    Another scam project from fraudsters

    So, now take the address that is listed in the contacts of these scammers. I’ll help you — Sweetwood Drive Street, Boulder, Colorado 80302. The address is from the USA, Colorado, Boulder. Well, you can see for yourself. As you understand, a CFD broker cannot work in this country, because such activity is simply prohibited at the legislative level. So in this way, these are scammers from the Palmer Finance Company. But the more interesting thing is this. Try to google this address and see what will happen. It turns out that other fraudsters have exactly the same address. They managed to work in 2021, 2022, deceive people, get bored and close down. These are such well-known scams as Lamelle Financial Consultants, Medco Finance Limited, VC-Global, Xglobalfin etc.

  4. Krystian Małaszewski

    oszustwo i złodziejstwo

    oszustwo i scam. okradli mnie i to na większość oszczędności z 10 lat!! to jest banda oszustów ze wschodnim akcentem, nie można ufać żadnemu słowu i zdaniu które wypowiadają !
    nękają, grożą straszą i pomawiają, wyzywają i grożą więzieniem!! masakra
    sprawa oddana do prokuratury, i do sądu
    moje prawniczki pod numerem 696-***-***

  5. adam brzezińśki

    scam i oszukali mnie

    makler i mnie wrobił w inwestycje, mój analityk i jego kierownik proponujący większe zyski naciągnął mnie na akcje zabki, a ich księgowa okazała sie po prostu oszustką i wzięła moje opłaty i je zostawiła chyba sobie, bo nie zostały opłacone zwroty pieniędzy… niby ją zwolnili jednak każą znów płacić te same pieniądze, a nie wezmą odpowiedzialności na siebie. gdyby nie mecenaska która teraz mnie prowadzi reprezentuje, to zostałbym z niczym i bez dachu nad głową, I.69.I P.671.ꟼ P.8446.ꟼ . palmer jak to opisują, zrobił wszystko by wysępić ode mnie ostatni grosz i zostawić mnie z długami, ale nie odpuszczę i będę do samego końca ich ścigał