Note: Panthera Trades official site - https://pantheratrade.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information Panthera Trade Review Summary in 10 Points Founded 2017 Registered Country/Region Saint Vincent and the Grenadines Regulation No license Market Instruments currency pairs and metals Demo Account N/A Leverage 1:1000 EUR/USD Spread From 0.8 pips (Std) Trading Platforms MT4 Minimum deposit $10 Customer Support N/A What is Panthera Trade？ Established in 2017, operating from Kingstown, Saint Vincent and the Grenadines, Panthera Trade is one of the introducing brokers of LegoMarket LLC. Panthera Trade is registered in Saint Vincent and the Grenadines with the registration number: 239 LLC 2020. Panthera Trade offers its services to clients from different parts of the globe where the use of such services is permitted by local laws and regulations. As for regulation, there is no regulatory information on the brokers website at the moment. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Pros Cons • Multiple account types • lack of valid regulation • Low minimum deposit • Unavailability of the website • Tight spreads • Report of unable to withdraw • MT4 supported • Limited trading instruments • Popular methods supported • No customer support Panthera Trade Alternative Brokers There are many alternative brokers to Panthera Trade depending on the specific needs and preferences of the trader. Some popular options include: OANDA - a reputable forex broker with a long-standing history, offering a wide range of trading instruments and excellent research tools. Swissquote - a well-regulated broker known for its robust trading platforms and access to global markets, making it a solid choice for traders. City Index - provides a user-friendly trading experience, competitive spreads, and a wide selection of trading instruments, making it a recommended option for both beginner and experienced traders. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is Panthera Trade Safe or Scam？ Based on the information available, the fact that Panthera Trade currently has no valid regulation and their website is unavailable raises concerns about the safety and legitimacy of the platform. Regulation is an important factor when considering the trustworthiness of a financial service provider, as it ensures adherence to certain standards and protects the interests of clients. The unavailability of the website further adds to the doubts surrounding Panthera Trade. It is advisable to exercise caution and consider these red flags before engaging with an unregulated and inaccessible platform. Market Instruments Panthera Trade appears to offer a limited range of market instruments, primarily focusing on currency pairs and metals. Currency pairs provide opportunities for traders to speculate on the exchange rate fluctuations between two different currencies. This can be advantageous for those looking to engage in forex trading and take advantage of currency price movements. Metals, on the other hand, such as gold and silver, are considered as alternative investment assets and are often used as a hedge against economic uncertainties. Accounts Panthera Trade offers three live account types: Standard, Pro, and Gold, with varying minimum deposit requirements of $10, $100, and $100 respectively. These account types may seem attractive to traders due to their low minimum deposit amounts. However, it is important to note that Panthera Trade is an unregulated broker. Trading with an unregulated broker carries inherent risks, as there is no overseeing authority to ensure fair practices and protect the interests of traders. Leverage Panthera Trade offers high leverage ratios to its clients, allowing them to trade with significant buying power. The leverage available for trading varies depending on the type of account. For Standard and Pro accounts, the maximum leverage offered is an impressive 1:1000, which means that traders can control positions that are 1000 times larger than their actual investment. Gold account holders enjoy a leverage of up to 1:500. High leverage can amplify both profits and losses, and traders should exercise caution when using such high leverage ratios as it increases the risk exposure. It is crucial for traders to have a clear understanding of the potential risks involved and to use leverage responsibly in their trading activities. Spreads & Commissions Panthera Trade offers different spreads and commissions depending on the type of trading account. In the Standard account, the spreads start from 0.8 pips, providing traders with relatively competitive pricing. For the Pro and Gold accounts, the spreads are even tighter, starting from 0.1 pips. This can be appealing to traders looking for low-cost trading options. However, it is important to note that the Pro account incurs a commission of $3 per trade, while the Standard and Gold accounts do not have any commissions. Traders should carefully consider the overall cost structure and weigh it against the potential benefits before deciding on the most suitable account type for their trading needs. Additionally, it is crucial to remember that Panthera Trade operates as an unregulated broker, which may introduce additional risks to consider. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread (pips) Commissions (per lot) Panthera Trade 0.8 (Std) No commission (Std) OANDA 0.9 No commission Swissquote 1.2 No commission City Index 0.5 No commission Please note that the information provided is based on general data and may be subject to change. It's always recommended to visit the respective brokers' websites or contact their customer support for the most up-to-date and accurate information regarding spreads and commissions. Trading Platforms Trades are carried out using the MT4 trading platform, which is widely recognized and preferred by many traders for its user-friendly interface, advanced charting capabilities, and a wide range of trading tools and indicators. With MT4, traders have access to real-time market data, execution of trades, and the ability to analyze price movements and trends. The platform also supports automated trading through the use of expert advisors (EAs) and allows for customization and flexibility to suit individual trading preferences. MT4 is available for desktop computers, as well as mobile devices such as smartphones and tablets, ensuring traders can stay connected to the markets and manage their trades on the go. Overall, Panthera Trade's offering of MT4 as a trading platform provides traders with a familiar and powerful tool to execute their trading strategies effectively. See the trading platform comparison table below: Broker Trading Platforms Panthera Trade MetaTrader 4 OANDA OANDA Web Trading Platform, MetaTrader 4, OANDA Mobile Trading App Swissquote Advanced Trader, MetaTrader 4, MetaTrader 5, Swissquote Mobile App City Index Advantage Web, AT Pro, MetaTrader 4, City Index Mobile App Trading Tools Panthera Trade offers a range of trading tools to enhance the trading experience for its clients. One of the tools available is Ticker Tapes by Trade View, which provides real-time market data and helps traders stay updated on the latest price movements and trends. This tool can be valuable for making informed trading decisions and identifying potential trading opportunities. Additionally, Panthera Trade provides trading signals, which are alerts or recommendations generated by professional traders or automated systems. These signals can help traders identify potential entry and exit points in the market, saving time and effort in conducting market analysis. Another useful feature offered by Panthera Trade is the availability of Personal Account Managers. These managers are dedicated professionals who provide personalized assistance and guidance to traders, helping them navigate the markets and make informed decisions. With these trading tools at their disposal, traders can have access to valuable resources and support to improve their trading performance and achieve their investment goals. Deposits & Withdrawals Panthera Trade offers multiple convenient methods for depositing and withdrawing funds from trading accounts. Traders can choose to use bank wire transfers, which provide a secure and reliable way to transfer funds directly from their bank accounts to their trading accounts. Additionally, Panthera Trade accepts deposits and withdrawals via credit/debit cards, providing a convenient and widely used payment method for traders. Moreover, online payment processors such as Neteller and Skrill are also supported, offering fast and efficient transactions for clients. Panthera Trade minimum deposit vs other brokers Panthera Trade Most other Minimum Deposit $10 $100 Customer Service One significant drawback of Panthera Trade is the lack of accessible customer service channels. Unfortunately, there is no information available regarding their customer support options, such as live chat, phone support, or email. Additionally, the absence of a website for Panthera Trade makes it even more challenging to reach out to them for any inquiries or assistance. This limited availability of customer service raises concerns about the broker's commitment to providing reliable support and assistance to its clients. User Exposure on WikiFX On our website, you can see that some a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Conclusion In conclusion, Panthera Trade raises significant concerns due to its lack of valid regulation and unavailability of the website. The absence of regulatory oversight and limited information make it difficult to assess the safety and credibility of this broker. Traders are advised to prioritize regulated brokers that offer transparency, investor protection, and reliable trading services. It is essential to conduct thorough research and choose brokers that adhere to regulatory standards to ensure the security of funds and a positive trading experience. Frequently Asked Questions (FAQs) Q 1: Is Panthera Trade regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: Does Panthera Trade offer the industry leading MT4 & MT5？ A 2: Yes. It supports MT4. Q 3: What is the minimum deposit for Panthera Trade？ A 3: The minimum initial deposit to open an account is $10. Q 4: Is Panthera Trade a good broker for beginners？ A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.