Palmer Finance Review

About Palmer Finance

Palmer Finance is an unauthorised firm in the United Kingdom, offering financial services or products without approval from the Financial Conduct Authority (FCA), with its website registered as palmerfinancecompany.com and an address given as Sweetwood Drive Street, Boulder, Colorado 80302, United States of America (). The FCA issued a warning on 20 April 2023 stating that Palmer Finance is not authorised, advising individuals to avoid dealing with them, and noting that clients would have no access to the Financial Ombudsman Service or protection under the Financial Services Compensation Scheme (FSCS) ().

There is no evidence that Palmer Finance holds any regulation or licensing from major financial authorities such as the NFA or CFTC in the United States, ASIC in Australia, CySEC in Cyprus, or any other regulator in high-, medium-, or low-trust jurisdictions (). The website domain was registered in January 2023, has a low trust score per Scam Detector, and lacks HTTPS, raising further security concerns ().

Numerous independent analyses identify Palmer Finance as high risk or fraudulent. ForexBrokerz reports it is an offshore broker with no license, no segregated accounts or client fund protection, high leverage up to 1:200, and misleading address information (). Scamhelpers similarly advises against Palmer Finance, pointing out its unregulated status, negative user reviews, and delayed or denied withdrawals ().

Pros and cons

Pros

• No confirmed credible benefits were identified in available primary sources.

Cons

• Unauthorised by FCA and not listed in any recognised financial regulator’s register ().
• No customer protection, compensation schemes, or segregated accounts ().
• Domain tied to January 2023 registration, low trust index, lacking HTTPS security ().
• Reports of misleading address, high leverage, and restrictive withdrawal policies ().