Scam warning! This broker Henderson Palmer is withholding payments. The website of this illegal broker can be accessed from hendersonpalmer.com.

They’re supposedly from Singapore but are providing UK and Australian telephone numbers on their website.

They’re claiming that Henderson Palmer wants to “empower your investments with expertise and precision”.

They further claim that this brokerage is operated by “experienced professionals” dedicated to providing “quality services”.

Today we bust these internet scammers and boiler room tele sales people. The intention is to let you know that before you even think of signing up, just know that these people don’t have your best interest at heart.

Also read ROI Republic, DeltaCoin and Capital Gold Investment reviews to learn how these scams operate.

Henderson Palmer review

The website of this broker is anonymously operated. They’ve refused to disclose the name of the company that runs hendersonpalmer.com.

The about page on their website is just a bunch of verbose rather than proper introduction of who these people are.

In 2017, this website was selling lawn care services. It appears that hendersonpalmer.com was under someone else ownership.

The current owner is operating it as a brokerage

The financial instruments on the trading software are your usual Forex, Crypto, Stocks and Commodities CFDs.

The broker is denying that these are not CFDs. In fact, they’re using the words Common Derivative Contracts (CDC’s) to describe the financial instruments.

We’ve not heard about Common Derivative Contracts (CDC’s) before and even our research shows that nothing of this sort exists in the financial markets.

This is just an attempt to sound fancy when in the real sense, the broker is offering CFDs for trading.

These financial instruments are illegal in the US yet the broker continues to target US citizens with their CFDs products.

It does not seem like this broker has trial accounts. The minimum investment is 5000£ which is quite a lot for new traders with no experience… also considering that Henderson Palmer cannot be trusted with funds.

Why Henderson Palmer is a scam broker

This broker’s website is full of red flags. We explore them one by one.

1)The broker is not licensed

2)The broker is unwilling to disclose the company details

3)Henderson Palmer is an infamous broker

4)The broker is known to write their own reviews which are obviously fabricated

5)Their past clients have complained that once money is sent to this broker, it cannot be withdrawn

Unregulated brokers are a big problem in this marketplace.

Henderson Palmer does not hold any valid broker’s license yet they continue to provide trading services to investors across the world.

A valid broker’s license ensures fund safety as clients’ money is put in segregated accounts instead of the company’s own operational account.

Also, brokers who are regulated by strict financial watchdogs such as the SEC and FINRA fear losing their licenses. They must adhere to the industry standards in order to maintain good standing with the license issuer.

Henderson Palmer does not have a license which means that they’re free to steal your money without getting questioned.

This broker has also been flagged in one of the popular forums because the moderators suspected that they’re submitting their own reviews from inside their offices.

The broker is pretending to write as a client of Henderson Palmer to mislead prospective clients. This is immoral. It shows just how desperate this broker.

Lastly, we have seen a lot of positive reviews about this broker lately. When we inspect these reviews, we find that they’re published on content mills or blogs that receive some kind of incentives to promote brokers.

The actions of these bloggers is detrimental to the safety of traders on the internet. Imagine the number of people who come across these reviews. These victims end up registering with the scam only to lose their funds in the process.

Conclusion of the hendersonpalmer.com broker review

It’s quite clear that this broker is out to steal large amounts of money.

This is why they’re demanding serious deposits in order to trade on their platform.

The scammers want to enrich themselves quickly at the expense of their traders’ losses.

They also entice people to add more money in order to access an account manager. This account manager is a scammer and a tele sales agent whose job is to talk victims into depositing even more money into the company’s accounts.

Such a broker is very dangerous. Never entertain their calls or emails. Also, beware of websites that promote them in one way or the other.

Thanks for reading this review. If you have a comment, share it with us down below.

If you have mistakenly sent funds to hendersonpalmer.com, you need to read this.