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Score

1.54 /10
Danger

Panda

Israel

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.pandats.com

Influence

C

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.22

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Panda · Company summary
Panda Review Summary
Founded2010
Registered Country/RegionIsrael
RegulationNot regulated
ProductsTrading platforms, CRM, PAMM/MAM systems, Crypto ETFs
Demo Account✅
Trading PlatformPanda app, SimpleX, Cooma
Social Trading✅
Customer Support24/7 support
Tel: +972-72-2111611
Email: info@pandats.com
Social media: Facebook and Linkedin
Address: 145 Jaffa Road, Haifa, 3525114, Israel
Pamelva Court, Kaningos and Anastasi Shoukri Streets, Limassol, Cyprus

Panda, established in 2010, is allegedly a financial company registered in Israel. It offers many products like Web Trader, Mobile Applications, CRM, Panda Trader, Simplex, Social Trading, Financial Charts, Panda PAMM/MAM System, Panda Quote Engine (PQE), Crypto ETFs, IB Portal, Financial Widgets and Plugins. Besides, it also offers demo accounts. However, it is not regulated.

Panda's homepage

Pros and Cons

Pros Cons
Various products and servicesNot regulated
Demo accounts offeredDormant/inactivity fee charged
Social trading
24/7 support

Is Panda Legit?

Regulated brokers are safer than unregulated ones. However, Panda is currently an unregulated broker, which means that clients' funds and trading activities are completely unprotected. Please be aware of the risk!

Fees

Panda charges a Dormant/Inactivity Fee on live accounts that have been funded but have not engaged in trading after a specified period. This fee is automatically applied through the Dormant/Inactivity Fee plugin.

Dormant/Inactivity Fee

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Panda app✔Web, mobileExperienced traders
SimpleX✔Android, iOSBeginners
Cooma✔Webtrader, Web Mobile, Android, and iOSExperienced traders
MT4❌/Beginners
MT5❌/Experienced traders

User Reviews

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User comment

2

Comments

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kristo in trading
more than one year
My EA consistently gets rejected for having invalid stop-loss (SL) orders. I tried setting both wide (5 pips) and tight (1 pip) SLs, but neither were accepted by the broker. This is particularly baffling considering the spread on crude oil, the asset I was trading, was only 3 pips. It's unacceptable for a broker to restrict valid SL placements, especially when the spread is so narrow.
My EA consistently gets rejected for having invalid stop-loss (SL) orders. I tried setting both wide (5 pips) and tight (1 pip) SLs, but neither were accepted by the broker. This is particularly baffling considering the spread on crude oil, the asset I was trading, was only 3 pips. It's unacceptable for a broker to restrict valid SL placements, especially when the spread is so narrow.
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2024-04-16 16:07
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sayus
more than one year
I think panda broker is not legit because I never sea people on
I think panda broker is not legit because I never sea people on
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2022-12-06 17:28
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