Panthera Trade Forex Broker provides real users with 1 positive reviews, * neutral reviews and 1 exposure review!
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The company's website is no longer available, I'm wondering if it has changed URLs...but I don't want to waste time investigating. whatever.
I withdraw funds from 25-3-2022 until now on 22-4-2022, the funds are still pending, cannot be disbursed, he siad that it is due to government regulations
Summary: Panthera Trade has garnered significant scrutiny in the forex trading community due to its lack of regulation and transparency. While it offers high leverage and a low minimum deposit, concerns about user experience and withdrawal difficulties overshadow its potential benefits.
Note: It is essential to recognize that Panthera Trade operates as an offshore broker, which can pose risks for traders, especially those from regions with strict regulatory frameworks.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Regulatory Compliance | 1 |
We rate brokers based on user feedback, expert opinions, and factual data from various sources.
Founded in 2017, Panthera Trade operates under the umbrella of Lego Market LLC, with its headquarters located in Kingstown, Saint Vincent and the Grenadines. This offshore location is notable for its lack of stringent financial regulations, raising concerns about user safety and fund security. Panthera Trade primarily offers the widely-used MetaTrader 4 (MT4) trading platform, allowing traders to engage in forex and metal trading, among other assets. However, the broker's unregulated status has led to questions about its legitimacy and reliability.
Panthera Trade is registered in Saint Vincent and the Grenadines, a jurisdiction known for its lenient regulatory environment. This absence of oversight means that traders have little recourse in the event of disputes or issues with fund withdrawals. As noted in various reviews, the lack of regulation is a significant red flag for potential users.
Traders can fund their accounts using various methods, including bank transfers, credit/debit cards, and online payment processors like Skrill and Neteller. However, specific details about withdrawal processes and associated fees remain unclear, leading to concerns about potential hidden costs.
The minimum deposit requirement for opening an account with Panthera Trade is as low as $10, which is attractive for new traders looking to enter the forex market with minimal risk. However, this low threshold does not compensate for the overall risks associated with trading through an unregulated broker.
Information regarding bonuses or promotional offers from Panthera Trade is scarce. The lack of clear communication about potential incentives is another area where the broker falls short, particularly when compared to more established and regulated brokers that often provide attractive promotional campaigns.
Panthera Trade allows trading in 32 currency pairs and various metals. However, the limited range of assets compared to other brokers might not meet the needs of more experienced traders seeking diversification in their portfolios.
The broker claims to offer competitive spreads starting from 0.1 pips, but the lack of transparency regarding additional fees and commissions raises concerns. For example, while the standard account does not charge commissions, the pro account incurs a fee of $3 per trade. Many users have reported that these costs are not adequately disclosed, leading to unexpected expenses.
Panthera Trade offers high leverage ratios of up to 1:1000, which can be appealing for traders looking to maximize their exposure. However, this high level of leverage also amplifies risks, particularly for inexperienced traders who may not fully understand the implications of trading with such significant leverage.
The primary trading platform offered by Panthera Trade is MT4, which is favored by many traders for its user-friendly interface and robust functionality. However, the absence of MT5 limits options for those looking for more advanced trading features.
While specific information about restricted jurisdictions isn't explicitly mentioned, the lack of regulatory oversight suggests that traders from regions with strict trading regulations should exercise caution.
Customer support options are notably limited at Panthera Trade, with no clear information on available communication channels. The absence of a responsive customer service team is a significant drawback, particularly for users who may encounter issues during trading.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Regulatory Compliance | 1 |
Panthera Trade offers a variety of account types with different minimum deposit requirements, but the overall lack of regulation significantly impacts the trustworthiness of these accounts.
While the broker provides some trading tools, the overall lack of educational resources and market analysis tools limits its appeal, particularly for novice traders.
The absence of reliable customer support options is a major concern, as users have reported difficulties in reaching out for assistance.
The trading experience on the MT4 platform is generally positive, but the unregulated nature of the broker casts a shadow over this advantage.
Given the lack of regulation, Panthera Trade raises numerous red flags regarding trustworthiness, making it difficult for traders to feel secure about their investments.
User experiences are mixed, with some reporting successful trades while others have faced challenges with withdrawals and support.
Panthera Trade operates without valid regulation, which is a significant concern for potential users. The absence of oversight means that traders are at risk of losing their funds without any recourse.
In conclusion, the Panthera Trade review indicates that while the broker offers some attractive features, the serious concerns about its regulatory status and user experiences suggest that traders should proceed with caution. It is advisable to consider more reputable and regulated alternatives for a safer trading environment.
