Palotraders Review

Palotraders is a dangerous company.

We will tell you why your money is not safe with Brok and how what you can do to get your money back.. All of our reviews are based on research carried out by professionals.


Palotraders regulation.

This is the most important point that a broker must have, a regulated license. A broker regardless of the country where he offers trading must have a regulated license. In Europe each country has its own regulations, the same for Australia (ASIC) and the United States (CFTC or SEC). Palotraders does not have any regulated licenses while offering trading to Europe,USA or Australia. This is a strong indicator that it is a scam.

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Palotraders has a newly created website.

It is also a strong signal that it is a fraud. All fraudulent sites create sites that are generally 1 to 2 years old and disappear to recreate another domain name. Palotraders has a domain name that was created less than two years ago and is therefore part of this dangerous category of financial company. A good company has a site that is regulated and is on the market with over 10 years of experience.

Palotraders will try to take the most money from you.

You will be harassed by this company once your money is deposited. Their money will ask you to deposit more if you want to withdraw or pay taxes. We advise you not to do this because you will lose even more money. If you refuse to give them more money, they will talk badly to you and ignore you.

How to get your money back?

If you are a victim of this broker, you must complete the file below or use the online chat if the amount lost is greater than $5,000 to be put in direct contact. Your chances will depend on several things like payment history, method of payment. Each file is different but MyChargeBack knows all the procedures to speed up your file. If you want to know more about the procedure, click here.

Our conclusion.

Palotraders is unregulated and therefore cannot offer trading. If you have deposited your money with this company it will be difficult to get it back. We can say with certainty that it is a scam and we invite you to fill out our form for a chargeback. It is free and does not commit you to anything.

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It’s important to us that you let us know your experience with this broker and it may help other people to avoid being cheated. We get a lot of threats from fraudulent brokers who don’t want us to tell the truth. We will continue to act despite all of this.

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9 comments on Palotraders Review

  1. I honestly don’t think I’m being scammed, the contact person that I’m dealing with was extremely helpful and friendly, I didn’t invest in a whole lot for now I’m totally new at this so I’m just feeling it out as I follow through. I’m actually bad for trusting people only because I’m a trusting person myself and always believe that most people are like me, I know I shouldn’t be so trusting but this person is such a friendly guy I would be sad to see a good friendly business man to go down that route, this guy will be very successful doing business legitimately.

    1. I feel for you, I got involved in October 27th 2021, they got me to invest how ever I can not get a dime out of them in return, now they are harassing me trying to get me to gone more… sorry I’ve lost too much to these scammers already.

    2. I know the feeling l list a little with
      I have a great guy friendly chatty.
      This guy was a good broker. I bought bitcoin put into my Exodus account. A passwords were mine. Investing margin of these funds all done through webinar of
      Adam J. Weinstein. He said. Worked for the co.pany of UBs.
      Slowly ended up buying 1 bitcom all in at 56,000 usd.
      Co tinued to invest in commodities which I could see the market. He did the buy and sells. He is good. However closing day Jan 27 to movemy acct to Exodus, verified in accounting per usual, the money didnt get there.
      He said security and accounting are looking into it and he was checking blockchain, which was what I did also. Nothing.
      Now he wo t call or answer messages in signal, where we talked if not on the phone

  2. Huge scam , get you sucked in on a few $100. Then they tag team till they convince you to send just $2500, then another $2500 & so on till they have $10 000 US. After all this they convince you that it’s in your best interest if you give them the access to trade on your behalf, after this , 3 trades , cost me $12000US in commission costs , more than I had, then they closed account because my margin to ratio was too high. $10000 US gone in less than 2 months.

  3. Biggest scammers ever. Post on Facebook to get you hooked. Hey you to put $250.00 U.S. to start. Once they call you they immediately start asking for a couple thousand or more. They don’t let up. Make you feel guilty for not giving them more money as you are wasting their time. They get you to go to your bank account and have you sending them money so fast you almost don’t know what you just did. Then they call you back right away next day and do the same thing. When you want to close your account they stop talking to you. Then they say they will send your money but take a large portion for themselves. Then they never send you money anyway. Keep telling you that department is too busy.

  4. This company is a scam. They ask you to start with 250 us and then talk you into more and more. I started at 250 stopped at 35g. Their platform is slow, ther so call professionals don’t know much, point you say make the trade, now I’ve tried to get some withdrawls. And no luck. I tried 10 times and they cancelled every time. They told me I needed to trade more, then they upped th free trade to $150 per trade how fair is that. I’d say they have a way to tweek the computers and change your spreads, mine went from free trades to $2 per trade now since I want out they upped it to 150$ per trade. That I’m not going to do. I want out jake told me to place more trades I was making about 100 trades a day…. Why should I pay 150$ x 100 times a day to make them rich and it into my profits… if you could actually get the so called profits…. Like my dad told me the deal is not done until the money is in your hands…. Well the money does not come back to your hands it stops there with them!
    Jake did not tell me they upped the spread so the first 5 trades I lost $750 because of the spread change, and the wool being pulled over my eyes… don’t fall for the 5 star reviews those are either paid reviews or workers from palotraders. That’s why the company is not answering any of these bad reviews they have nothing to stand on…

  5. These theives are the worst. They change the rukes to fit their needs. Grabbed my doe and won;t let me have any withdrawls. I worked my account to 100 grand and they won’t give me 500 of my own money….

  6. The broker assures me I can withdraw my money anytime I wish to. I took the bait and deposited USD250 to Ibinex (Exchanger) and the BTC to Palotraders. The so-called professional called me and told me to do this and that on the platform graph. Everything happened by phone. I had to pay a large last month bill. I’m a beginner and while trading he kept asking me to invest more money, large amounts, get loans from my bank account, etc. He was so persistent and got upset when I reject the idea. He threatened me not to teach, help, or support me anymore and I’ll be on my own, that was Friday. He did not say any trading on weekends so I just left open my trade. When Monday came I found my trade falling down so I immediately decided to quit, my third and final attempt. I sent a withdrawal request and they acknowledged it by asking for five business days to expedite my request. The man called me and asked me why I quit?? He was upset telling me that I can no longer invest in the business wherever in the world and forever and he’s putting a red flag on me. He will do that just because I don’t want to get loans to put more money on this and secondly, is because I am withdrawing. He said he has the authority to do that because of his position in the field. Until today April 14 I received no refund or chargeback and they do not reply to my many emails since then.

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