palestine.forex has been flagged by Palestine Capital Market Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I had a dispute with palestine.forex and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: API access|Clean UI
Cons: Onboarding videos are outdated|Some tools only available on higher tiers
I was about to invest with palestine.forex but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Palestine Capital Market Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Palestine Capital Market Authority|Cannot verify credentials
The only good thing about palestine.forex is that they remind you why regulation matters. I found them through a podcast recommendation. 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: Reliable uptime|Social trading features|Multi-device support
Cons: No integrated tax optimization
After doing some research AFTER the fact (I know, I should have done this first), I discovered that palestine.forex is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Where do I even begin with palestine.forex? for the past six months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Dividend tracking|Professional team
Cons: Currency conversion fee exists|Would like more payment methods
I signed up with palestine.forex through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Regular platform improvements|Instant funding|Helpful community forum
Cons: Limited social trading features
Do not believe the bonus offer from palestine.forex. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through my accountant's suggestion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Customizable dashboard|Social trading features|Reliable uptime
Cons: Website design could be more modern
My withdrawal from palestine.forex was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past year and a half of being strung along.
Pros: Easy withdrawals|Smooth onboarding
Cons: Minimum deposit could be lower