A lot of clients claim that this broker deceived them, so we decided to take a closer look at the PaladiumTrade broker. PaladiumTrade is another scam broker that steals money from their clients.
PaladiumTrade Official Website
Paladium Trade is an ordinary scam; its creators did not even try to create an original site or provide high-quality content. Standard phrases about high profits, no legal specifics, and problems with the withdrawal of funds are what potential Paladium Trade clients get.
In addition, scammers claim about their allegedly “enormous experience” in trading. However, the creation date of the website is approximately a year and a half, so in this case we cannot talk about “enormous experience”. Maybe this is not direct evidence of fraud but it raises doubts.
The site https://paladiumtrade.com and the brand PaladiumTrade are trademarks and property of the international business company at Hill Royal Ltd. Financial Services Authority Granby st 8R, P.O. Box VC0162, Lodge Village, Kingstown, St. Vincent & The Grenadines. By the way, on the official website of the financial regulator FSA http://svgfsa.com/ that controls all the companies in the Caribbean islands, Hill Royal Ltd as well as its property is not registered.
There is one dubious point in the PaladiumTrade customer agreement as a denial of service. By signing this agreement, the client agrees to be robbed. Since the scam broker has the right to suspend or terminate the client’s access to the account and can also cancel not only the transaction but also the entire balance of the account.
There is no information on the site regarding the management or founders of the Paladium Trade. We already know that PaladiumTrade is just a brand and a trademark of Hill Royal Ltd with registration in the offshore zone. So you need to look for the management of this company there.
Do you still want to work with this broker?
Despite the rather young age of this broker, there are already many deceived customers. Here are some commentaries from traders who have suffered from this broker.
Another client is not satisfied with the cooperation with Paladium Trade
Conclusion
Based on all the above, we do not recommend this broker. We assume that if you are reading this article, you are looking for reliable brokers – we have a list of trusted brokers for you. So, if you have faced the fraud, our team of lawyers is ready to help you return the money.
