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PaloMarket

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Operating status: SCAM

Website: https://palomarket.com/

Broker violations and abnormal records
  • 2023-10-08 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
  • 2023-10-12 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.