Palm International (Palmuk) is another rotten online Forex trading scam platform ripping off investors. PalmInternational is purporting to offer investment and financing services at an affordable price. Looking at their website, it is unclear what investment services they offer since no information is given. Members are already crying foul after having their accounts frozen without a reason being given. Read this genuine and honest PALM INTERNATIONAL Review for more details.
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What we noticed with this platform is the level at which accounts are being closed indefinetly. Palm International is professing to deliver highly quality trading services to anyone interested. In real sense, these are scam artists who are preying on unsuspecting online investors. Ensure you stay away from such platforms which offer over the moon profit margins. PalmInternational is another platform to watch out for and this is why we must expose their dirty deeds. Want to know more? Continue reading this detailed PalmInternational Review.
What makes this a scam platform is the level of cloning the website has undergone. Scam artists will do or say anything to ensure users sign up. It includes cloning real trading websites and making it look like they offer real trading signals. Newbie traders are easily enticed to open accounts thanks to the over the moon claims available. Watch out for this and other scam artists who share similar characteristics. It is better to stay safe than be sorry later. Get to know the tricks used by PALM INTERNATIONAL.
Looking at their About Us page, this platform claims to hail from the United States. Scam artists will do or say anything to ensure they get their target audience. Palm International is professing to be US based so that they can lure US and European investors. What seems to be a genuine platform is shrouded with mystery and anonymity. No one actually knows the real people behind this platform. It is what makes trading with PalmInternational a scam. Stay away from their illicit trading website.
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Who are the founding members of this platform? Where can we get the names of the people running the show? Details posted on their contact page are fake as scammers are using virtual phone numbers. When it comes to their physical address, no one can verify that the platform has offices in Hong Kong Island. So where exactly are they located, Hong Kong or the United States? This is where cracks start to appear.
Being based in the United States requires a broker to follow strict guidelines set by the NFA. What these scam artists have done is use a already registered company as their trading license. We checked with the NFA register and found a company named Palm International Ltd as being registered. Scam artists will do or say anything to make their platforms appear legit, even fake license details.
If Palm International is indeed licensed and registered, where is their license credentials. What these scam artists have done is post a license number with no back up information. You would expect the broker to post copies of their license certificates. Without a copy of their license certificate, you can’t tell whether the numbers are real. It is why you must always check and verify with leading regulatory bodies.
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After going through the entire website, we could not find any advantage of trading with this platform. With negative comments floating all around the web, it is clear we are dealing with a scam. Stay away from this platform or else become their next victim. Trading with PalmInternational is highly risky as no member has been successful. What seems to be a genuine trading website is turning out to be a sleazy online scam.
When it comes to funding accounts, Palm International is using four methods of depositing funds. Depository channels include Bank transfer, E-wallets, MasterCard, and Visa. Information retrieved from their funding page shows minimum allowed withdrawal is $100. Members who deposit over $1,000 are allowed to withdraw $100 during the first transaction. You will not be able to withdraw an amount higher than $100. What this means is the scam artists will remain with the balance and shut down your account.
Did you know this platform fails to give users information regarding the accounts used? If this isn’t odd, they also fail to mention the required minimum deposit. Without proper information regarding account types, users are signing up blindly. Stay away from such illicit platforms and start using industry backed and proven brokers.
Another problem with this platform is lack of a demo account. Is it fast? What are the leverage and spreads available with the platform? Such information is vital before committing yourself to opening a real account. Smart investors ensure they try out a demo account before opening a real trading account.
Another disturbing feature with this platform is lack of a proven platform. Are they using MT4 or MT5 trading platform? What we noticed odd with this website is lack of proper security features. This means their platform is unstable as it doesn’t have proper security features. Lack of DDoS and SSL encryption is proof we are dealing with a scam. Stay away from this platform or risk losing your entire deposit.
How can funds be safe with a broker who fails to issue credible information regarding their services? Security of funds is another issue which is a major concern. Hackers can easily take over this platform and steal personal information such as credit card details. What you need to do is stay away from such platforms which have no online reputation. Stay away from Palm International or face huge financial problems.
Evidence clearly shows we are dealing with a well-designed plot to steal from investors. PalmInternational is a scam which is targeting newbie traders from European the United States. Make sure to mark all their emails as Spam and never click on any links sent by their email marketing team. Another step is to warn your family and friends from joining any of their affiliate programs.
Adding this platform to our scam blacklist will ensure our readers are kept safe. Exposing this platform will make authorities investigate and shut down the website completely.
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Wishing all investors a happy and prosperous trading experience.
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