A cone‐shaped calix[4]arene‐derived monophosphinite, 25,27‐di(ethoxycarbonylmethoxy)‐26‐hydroxy‐28‐(diphenylphosphinooxy)calix[4]arene (L1), has been prepared in two steps from calix[4]arene. Treatment of L1 with [AuCl(tetrahydrothiophene)] in tetrahydrofuran gave the phosphinite complex [AuClL1] (1). Reaction of [PdCl2(PhCN)2] with two equivalents of L1 gave selectively trans‐[PdCl2L12] (2). Complex 2 · 2 CH2Cl2 crystallizes in the triclinic space group P1¯. The molecule is centrosymmetric, leading to a divergent array of the two calixarene moieties. The palladium atom resides outside both cones. As a result of steric interactions, the meta and para carbon atoms of the PPh2‐bearing aryl ring are significantly pushed to the interior of the cavity. The related platinum complex trans‐[PtCl2L122] (3), was obtained similarly from [PtCl2(PhCN)2] and presents in the solid state a structure which is isomorphous to that of 2. The diphosphinite 25,27‐di(ethoxycarbonylmethoxy)‐26,28‐bis(diphenylphosphinoxy)calix[4]arene (cone) (L2) has also been prepared and reacts with [PtCl2(PhCN)2] to yield oligomeric material.