FastBull BrokersView
Sign In

PaloMarket

Save

Operating status: SCAM

Website: https://palomarket.com/

Broker violations and abnormal records
  • Oct 08, 2023 The CNMV adds PaloMarket to its warning list

    On October 9, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added PaloMarket to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On October 9, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added PaloMarket to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • Oct 12, 2023 BrokersView has reviewed that PaloMarket is an unregulated broker

    PaloMarket conceals information about its operator and fails to disclose regulatory information, which is a significant scam indicator.

    What's more, the Comisión Nacional del Mercado de Valores (CNMV) has added PaloMarket to its warning list for providing investment services without authorization.

    In essence, PaloMarket is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    PaloMarket is unequivocally a scam.

    PaloMarket conceals information about its operator and fails to disclose regulatory information, which is a significant scam indicator.What's more, the Comisión Nacional del Mercado de Valores (CNMV) has added PaloMarket to its warning list for providing investment services without authorization.In essence, PaloMarket is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. PaloMarket is unequivocally a scam.
  • Nov 19, 2025 BrokersView has identified that PaloMarket's website is currently offline

    BrokersView found that the domain "https://palomarket.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "https://palomarket.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Related Complaints

Q&A

I've seen PaloMarket before, but im not sure about its regulation. Could you please review PaloMarket for me? Thx

Offshorelicense Hull
Tanzania
Oct 31, 2023
ANSWER PaloMarket is not a safe trading platform for investors as it is not licensed and has been warned by a financial regulator.PaloMarket, an online trading platform, has been found to be concealing crucial information about its operator. This lack of transparency, particularly in not disclosing regulatory information, is a significant red flag and a strong indicator of fraudulent activity.Furthermore, the Spanish financial regulator, Comisión Nacional del Mercado de Valores (CNMV), has taken the step of adding PaloMarket to its warning list. This action was taken because PaloMarket has been providing investment services without the necessary authorization.In simple terms, PaloMarket is not under the supervision or control of any regulatory body. This lack of oversight makes it extremely risky for investors to entrust their funds to this broker. There are no legal protections or safeguards in place to ensure the security of the funds invested.Given these circumstances, it is clear that PaloMarket is not a legitimate or trustworthy platform. To minimize the risks of fraud and identity theft, we strongly suggest investors choose fully regulated brokers instead.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.