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Can users withdraw money from Palm Global reliably?
mandla shabangu
Malaysia
Aug 14, 2025
ANSWER Dear Investor, Palm Global claims to be authorized and regulated by the Securities Commission of The Bahamas (SCB) under license number SIA-F19. A search of the SCB’s official record does confirm the existence of a licensed entity with a matching name. However, please note that the SCB does not publicly disclose the domain names or websites associated with its licensees. As a result, it is difficult for us to independently verify whether the online platform you are accessing is officially linked to the regulated entity. It is also important to be aware that the SCB is regarded as an offshore regulatory authority, and its oversight framework typically involves less stringent requirements and limited investor protection compared to major onshore regulators. Given these factors, withdrawal reliability may depend not only on the license status but also on the platform’s actual operational integrity and alignment with the licensed entity. We strongly recommend exercising caution and conducting further due diligence before engaging in any financial transactions with Palm Global.
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