Palace FX (palacefx.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: palacefx.com.
I experienced a security concern with my Palace FX (palacefx.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Market news feed|Comprehensive tools|Segregated accounts|Multi-device support
Cons: No dark mode on mobile
The only good thing about Palace FX (palacefx.com) is that they remind you why regulation matters. I found them through a financial advisor. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Quick verification|Low minimum deposit|Social trading features|Good mobile app
Cons: Account statements could be more detailed
I referred a friend to Palace FX (palacefx.com) through word of mouth in my investment club. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Instant funding|Fast support response
Cons: Search feature is basic