Analysis of PandaFX Company Activities
The PandaFX dealing center does not provide information about its jurisdiction and the location of its head office. Registration documents are also missing.
The broker claims to have licenses from several regulators, including FCA, ASIC, CySEC, but does not provide documentary evidence. Clients may find it difficult to verify the legitimacy of the company’s activities.
The official website panda-fx.com is available in Russian, and the information presented on it is limited.
There are three options for contacting customer support: through a feedback form, by phone at +12-202-203-204, or via email at [email protected].
There is no information about the founding date of the dealing center, despite the claimed twenty years of experience. Information about the founders and management remains confidential.
Trading Opportunities at PandaFX
The PandaFX platform offers trading with four categories of assets: Forex, Commodities, Indices, Cryptocurrencies. The total number of trading instruments is not specified, only the availability of over 60 currency pairs is known.
The company’s advantages include trading with diverse assets, low spreads, protection of funds from negative balance, professional research and analysis. The claim of having licenses in various jurisdictions is not confirmed.
Reviews about PandaFX can help assess the claimed advantages.
Account Types and Trading Platforms
The offered account types include Silver, Gold, Platinum, with different minimum deposits, spreads, leverage, and additional services. Trading is available on the web platforms WebTrader and MetaTrader, as well as a mobile application.
WebTrader has an intuitive interface, advanced market overview, mode switching capability, and provides current information about the trading account. MetaTrader is provided in versions MT4 and MT5.
Account Funding and Withdrawal
Information about funding/withdrawal methods remains limited. However, it is stated that funds will be withdrawn without delays. User reviews can help learn more about this and possible fees.
Conclusion
The absence of registration documents and licenses, as well as the lack of informative content on the website panda-fx.com, may raise doubts among traders. It is recommended to study reviews about PandaFX and consult with experienced professionals to make informed decisions.