diff --git a/kmymoney/mymoney/mymoneyenums.h b/kmymoney/mymoney/mymoneyenums.h
--- a/kmymoney/mymoney/mymoneyenums.h
+++ b/kmymoney/mymoney/mymoneyenums.h
@@ -103,6 +103,8 @@
 
     enum class DataLock { Automatic = 0, UserDefined, DataOptionCount };
     inline uint qHash(const DataLock key, uint seed) { return ::qHash(static_cast<uint>(key), seed); }
+    enum class ChartPalette { Application = 0, Default, Rainbow, Subdued, End};
+    inline uint qHash(const ChartPalette key, uint seed) { return ::qHash(static_cast<uint>(key), seed); }
   }
 
   namespace Schedule {
diff --git a/kmymoney/mymoney/mymoneyreport.h b/kmymoney/mymoney/mymoneyreport.h
--- a/kmymoney/mymoney/mymoneyreport.h
+++ b/kmymoney/mymoney/mymoneyreport.h
@@ -47,6 +47,7 @@
 namespace eMyMoney { namespace Report { enum class InvestmentSum; } }
 namespace eMyMoney { namespace Report { enum class ChartType; } }
 namespace eMyMoney { namespace Report { enum class DataLock; } }
+namespace eMyMoney { namespace Report { enum class ChartPalette; } }
 
 /**
   * This class defines a report within the MyMoneyEngine.  The report class
@@ -151,6 +152,9 @@
   eMyMoney::Report::ChartType chartType() const;
   void setChartType(eMyMoney::Report::ChartType type);
 
+  eMyMoney::Report::ChartPalette chartPalette() const;
+  void setChartPalette(eMyMoney::Report::ChartPalette type);
+
   bool isChartDataLabels() const;
   void setChartDataLabels(bool f);
 
diff --git a/kmymoney/mymoney/mymoneyreport.cpp b/kmymoney/mymoney/mymoneyreport.cpp
--- a/kmymoney/mymoney/mymoneyreport.cpp
+++ b/kmymoney/mymoney/mymoneyreport.cpp
@@ -400,6 +400,18 @@
   d->m_chartType = type;
 }
 
+eMyMoney::Report::ChartPalette MyMoneyReport::chartPalette() const
+{
+  Q_D(const MyMoneyReport);
+  return d->m_chartPalette;
+}
+
+void MyMoneyReport::setChartPalette(eMyMoney::Report::ChartPalette type)
+{
+  Q_D(MyMoneyReport);
+  d->m_chartPalette = type;
+}
+
 bool MyMoneyReport::isChartDataLabels() const
 {
   Q_D(const MyMoneyReport);
diff --git a/kmymoney/mymoney/mymoneyreport_p.h b/kmymoney/mymoney/mymoneyreport_p.h
--- a/kmymoney/mymoney/mymoneyreport_p.h
+++ b/kmymoney/mymoney/mymoneyreport_p.h
@@ -61,6 +61,7 @@
     m_dateLock(eMyMoney::TransactionFilter::Date::UserDefined),
     m_accountGroupFilter(false),
     m_chartType(eMyMoney::Report::ChartType::Line),
+    m_chartPalette(eMyMoney::Report::ChartPalette::Application),
     m_chartDataLabels(true),
     m_chartCHGridLines(true),
     m_chartSVGridLines(true),
@@ -222,6 +223,10 @@
     * What format should be used to draw this report as a chart
     */
   eMyMoney::Report::ChartType m_chartType;
+  /**
+    * What color palette should be used to draw this report as a chart
+    */
+  eMyMoney::Report::ChartPalette m_chartPalette;
   /**
     * Whether the value of individual data points should be drawn on the chart
     */
diff --git a/kmymoney/plugins/views/reports/core/kreportchartview.cpp b/kmymoney/plugins/views/reports/core/kreportchartview.cpp
--- a/kmymoney/plugins/views/reports/core/kreportchartview.cpp
+++ b/kmymoney/plugins/views/reports/core/kreportchartview.cpp
@@ -262,16 +262,30 @@
   AbstractDiagram* planeDiagram = cPlane->diagram();
   planeDiagram->setAntiAliasing(true);
 
-  //the palette - we set it here because it is a property of the diagram
-  switch (KMyMoneySettings::chartsPalette()) {
-    case 0:
+  // setup chart color palette
+  switch (config.chartPalette()) {
+    case eMyMoney::Report::ChartPalette::Application:
+      switch (KMyMoneySettings::chartsPalette()) {
+        case 0:
+          planeDiagram->useDefaultColors();
+          break;
+        case 1:
+          planeDiagram->useRainbowColors();
+          break;
+        case 2:
+        default:
+          planeDiagram->useSubduedColors();
+          break;
+      }
+      break;
+    case eMyMoney::Report::ChartPalette::Default:
       planeDiagram->useDefaultColors();
       break;
-    case 1:
+    case eMyMoney::Report::ChartPalette::Rainbow:
       planeDiagram->useRainbowColors();
       break;
-    case 2:
     default:
+    case eMyMoney::Report::ChartPalette::Subdued:
       planeDiagram->useSubduedColors();
       break;
   }
diff --git a/kmymoney/plugins/views/reports/kbalancechartdlg.cpp b/kmymoney/plugins/views/reports/kbalancechartdlg.cpp
--- a/kmymoney/plugins/views/reports/kbalancechartdlg.cpp
+++ b/kmymoney/plugins/views/reports/kbalancechartdlg.cpp
@@ -97,6 +97,7 @@
   reportCfg.setChartSVGridLines(false);
   reportCfg.setChartDataLabels(false);
   reportCfg.setChartType(eMyMoney::Report::ChartType::Line);
+  reportCfg.setChartPalette(eMyMoney::Report::ChartPalette::Application);
   reportCfg.setIncludingForecast(true);
   reportCfg.setIncludingBudgetActuals(true);
   if (account.accountType() == eMyMoney::Account::Type::Investment) {
diff --git a/kmymoney/plugins/views/reports/kreportconfigurationfilterdlg.cpp b/kmymoney/plugins/views/reports/kreportconfigurationfilterdlg.cpp
--- a/kmymoney/plugins/views/reports/kreportconfigurationfilterdlg.cpp
+++ b/kmymoney/plugins/views/reports/kreportconfigurationfilterdlg.cpp
@@ -304,8 +304,9 @@
 
   if (d->m_tabChart) {
     eMyMoney::Report::ChartType ct[5] = { eMyMoney::Report::ChartType::Line, eMyMoney::Report::ChartType::Bar, eMyMoney::Report::ChartType::StackedBar, eMyMoney::Report::ChartType::Pie, eMyMoney::Report::ChartType::Ring };
+    eMyMoney::Report::ChartPalette cp[4] = { eMyMoney::Report::ChartPalette::Application, eMyMoney::Report::ChartPalette::Default, eMyMoney::Report::ChartPalette::Rainbow, eMyMoney::Report::ChartPalette::Subdued };
     d->m_currentState.setChartType(ct[d->m_tabChart->ui->m_comboType->currentIndex()]);
-
+    d->m_currentState.setChartPalette(cp[d->m_tabChart->ui->m_comboPalette->currentIndex()]);
     d->m_currentState.setChartCHGridLines(d->m_tabChart->ui->m_checkCHGridLines->isChecked());
     d->m_currentState.setChartSVGridLines(d->m_tabChart->ui->m_checkSVGridLines->isChecked());
     d->m_currentState.setChartDataLabels(d->m_tabChart->ui->m_checkValues->isChecked());
@@ -551,6 +552,17 @@
       default:
         throw MYMONEYEXCEPTION_CSTRING("KReportConfigurationFilterDlg::slotReset(): Report has invalid charttype");
     }
+    combo = d->m_tabChart->ui->m_comboPalette;
+    switch (d->m_initialState.chartPalette()) {
+      case eMyMoney::Report::ChartPalette::Application:
+      case eMyMoney::Report::ChartPalette::Default:
+      case eMyMoney::Report::ChartPalette::Rainbow:
+      case eMyMoney::Report::ChartPalette::Subdued:
+        combo->setCurrentItem(static_cast<int>(d->m_initialState.chartPalette()));
+        break;
+      default:
+        throw MYMONEYEXCEPTION_CSTRING("KReportConfigurationFilterDlg::slotReset(): Report has invalid chartpalette");
+    }
     d->m_tabChart->ui->m_checkCHGridLines->setChecked(d->m_initialState.isChartCHGridLines());
     d->m_tabChart->ui->m_checkSVGridLines->setChecked(d->m_initialState.isChartSVGridLines());
     d->m_tabChart->ui->m_checkValues->setChecked(d->m_initialState.isChartDataLabels());
diff --git a/kmymoney/plugins/views/reports/reporttabchart.ui b/kmymoney/plugins/views/reports/reporttabchart.ui
--- a/kmymoney/plugins/views/reports/reporttabchart.ui
+++ b/kmymoney/plugins/views/reports/reporttabchart.ui
@@ -62,6 +62,48 @@
      </item>
     </layout>
    </item>
+   <item>
+    <layout class="QHBoxLayout" name="_2">
+     <item>
+      <widget class="QLabel" name="textLabel1_2">
+       <property name="sizePolicy">
+        <sizepolicy hsizetype="Preferred" vsizetype="Preferred">
+         <horstretch>0</horstretch>
+         <verstretch>0</verstretch>
+        </sizepolicy>
+       </property>
+       <property name="toolTip">
+        <string>&lt;p&gt;Select what form you would like the chart to be drawn as.&lt;/p&gt;</string>
+       </property>
+       <property name="text">
+        <string>Chart Palette</string>
+       </property>
+       <property name="wordWrap">
+        <bool>false</bool>
+       </property>
+      </widget>
+     </item>
+     <item>
+      <widget class="KMyMoneyGeneralCombo" name="m_comboPalette" native="true"/>
+     </item>
+     <item>
+      <spacer name="spacer1_2">
+       <property name="orientation">
+        <enum>Qt::Horizontal</enum>
+       </property>
+       <property name="sizeType">
+        <enum>QSizePolicy::Expanding</enum>
+       </property>
+       <property name="sizeHint" stdset="0">
+        <size>
+         <width>121</width>
+         <height>20</height>
+        </size>
+       </property>
+      </spacer>
+     </item>
+    </layout>
+   </item>
    <item>
     <layout class="QGridLayout" name="gridLayout">
      <item row="2" column="0">
diff --git a/kmymoney/plugins/views/reports/reporttabimpl.cpp b/kmymoney/plugins/views/reports/reporttabimpl.cpp
--- a/kmymoney/plugins/views/reports/reporttabimpl.cpp
+++ b/kmymoney/plugins/views/reports/reporttabimpl.cpp
@@ -102,6 +102,11 @@
   ui->m_comboType->addItem(i18nc("type of graphic chart", "Ring"), static_cast<int>(eMyMoney::Report::ChartType::Ring));
   connect(ui->m_comboType, static_cast<void (QComboBox::*)(int)>(&QComboBox::currentIndexChanged), this, &ReportTabChart::slotChartTypeChanged);
   emit ui->m_comboType->currentIndexChanged(ui->m_comboType->currentIndex());
+
+  ui->m_comboPalette->addItem(i18nc("type of graphic palette", "Use application setting"), static_cast<int>(eMyMoney::Report::ChartPalette::Application));
+  ui->m_comboPalette->addItem(i18nc("type of graphic palette", "Default"), static_cast<int>(eMyMoney::Report::ChartPalette::Default));
+  ui->m_comboPalette->addItem(i18nc("type of graphic palette", "Rainbow"), static_cast<int>(eMyMoney::Report::ChartPalette::Rainbow));
+  ui->m_comboPalette->addItem(i18nc("type of graphic palette", "Subdued"), static_cast<int>(eMyMoney::Report::ChartPalette::Subdued));
 }
 
 ReportTabChart::~ReportTabChart()
diff --git a/kmymoney/plugins/xmlhelper/xmlstoragehelper.cpp b/kmymoney/plugins/xmlhelper/xmlstoragehelper.cpp
--- a/kmymoney/plugins/xmlhelper/xmlstoragehelper.cpp
+++ b/kmymoney/plugins/xmlhelper/xmlstoragehelper.cpp
@@ -87,7 +87,7 @@
     SettlementPeriod, ShowSTLTCapitalGains, TermsSeparator,
     Pattern, CaseSensitive, RegEx, InvertText, State,
     From, To,
-    Validity,
+    Validity, ChartPalette,
     // insert new entries above this line
     LastAttribute
   };
@@ -173,6 +173,7 @@
       {Attribute::Report::Detail,                 QStringLiteral("detail")},
       {Attribute::Report::ColumnsAreDays,         QStringLiteral("columnsaredays")},
       {Attribute::Report::ChartType,              QStringLiteral("charttype")},
+      {Attribute::Report::ChartPalette,           QStringLiteral("chartpalette")},
       {Attribute::Report::ChartCHGridLines,       QStringLiteral("chartchgridlines")},
       {Attribute::Report::ChartSVGridLines,       QStringLiteral("chartsvgridlines")},
       {Attribute::Report::ChartDataLabels,        QStringLiteral("chartdatalabels")},
@@ -403,6 +404,48 @@
     return typeAttributeLUT().key(text, 4);
   }
 
+  QHash<eMyMoney::Report::ChartPalette, QString> chartPaletteLUT()
+  {
+    static const QHash<eMyMoney::Report::ChartPalette, QString> lut {
+      {eMyMoney::Report::ChartPalette::Application, QStringLiteral("appplication")},
+      {eMyMoney::Report::ChartPalette::Default,     QStringLiteral("default")},
+      {eMyMoney::Report::ChartPalette::Rainbow,     QStringLiteral("rainbow")},
+      {eMyMoney::Report::ChartPalette::Subdued,     QStringLiteral("subdued")},
+    };
+    return lut;
+  }
+
+  QString reportNames(eMyMoney::Report::ChartPalette textID)
+  {
+    return chartPaletteLUT().value(textID);
+  }
+
+  eMyMoney::Report::ChartPalette stringToChartPalette(const QString &text)
+  {
+    return chartPaletteLUT().key(text, eMyMoney::Report::ChartPalette::End);
+  }
+
+  QHash<int, QString> paletteAttributeLUT()
+  {
+    static const QHash<int, QString> lut {
+      {0, QStringLiteral("application")},
+      {1, QStringLiteral("default")},
+      {2, QStringLiteral("rainbow")},
+      {3, QStringLiteral("subdued")},
+    };
+    return lut;
+  }
+
+  QString paletteAttributeToString(int textID)
+  {
+    return paletteAttributeLUT().value(textID);
+  }
+
+  int stringToPaletteAttribute(const QString &text)
+  {
+    return paletteAttributeLUT().key(text, 4);
+  }
+
   QHash<int, QString> stateAttributeLUT()
   {
     static const QHash<int, QString> lut {
@@ -713,6 +756,12 @@
         else
           report.setChartType(eMyMoney::Report::ChartType::None);
 
+        const auto chartPaletteFromXML = stringToChartPalette(node.attribute(attributeName(Attribute::Report::ChartPalette)));
+        if (chartPaletteFromXML != eMyMoney::Report::ChartPalette::End)
+          report.setChartPalette(chartPaletteFromXML);
+        else
+          report.setChartPalette(eMyMoney::Report::ChartPalette::Application);
+
         report.setChartCHGridLines(node.attribute(attributeName(Attribute::Report::ChartCHGridLines), "1").toUInt());
         report.setChartSVGridLines(node.attribute(attributeName(Attribute::Report::ChartSVGridLines), "1").toUInt());
         report.setChartDataLabels(node.attribute(attributeName(Attribute::Report::ChartDataLabels), "1").toUInt());
@@ -911,6 +960,7 @@
         el.setAttribute(attributeName(Attribute::Report::IncludesUnused), report.isIncludingUnusedAccounts());
         el.setAttribute(attributeName(Attribute::Report::ColumnsAreDays), report.isColumnsAreDays());
         el.setAttribute(attributeName(Attribute::Report::ChartType), reportNames(report.chartType()));
+        el.setAttribute(attributeName(Attribute::Report::ChartPalette), reportNames(report.chartPalette()));
         el.setAttribute(attributeName(Attribute::Report::ChartCHGridLines), report.isChartCHGridLines());
         el.setAttribute(attributeName(Attribute::Report::ChartSVGridLines), report.isChartSVGridLines());
         el.setAttribute(attributeName(Attribute::Report::ChartDataLabels), report.isChartDataLabels());