What is ThePanther？
Founded in 2010 and based in the United Kingdom, ThePanther is a broker that offers a wide range of financial instruments for trading. However, it currently holds no regulations.
Pros & Cons
Pros:
Multiple Market Instruments Provided: ThePanther offers a wide range of market instruments including cryptos, indices, forex, commodities, and stocks, providing users with diverse trading options.
No Management or Setup Fees: Users benefit from the absence of management or setup fees, allowing them to allocate their capital more efficiently and potentially increase their returns.
Competitive Spreads: With spreads starting from 0.2 pips for all account types, ThePanther offers competitive pricing, enhancing the trading experience for its users.
Cons:
Is ThePanther Safe or Scam？
Regulatory Sight: ThePanther is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
Segregated Accounts: ThePanther ensures that client funds are kept separate from the company's operational funds, providing an extra layer of protection in the event of financial difficulties.
Daily Monitoring: The platform conducts daily monitoring of its systems and transactions to detect any suspicious activity promptly, enhancing overall security and fraud prevention.
Zero Balance Protection: ThePanther offers zero balance protection to prevent clients' account balances from going into negative territory, mitigating the risk of losses exceeding deposited funds.
SSL Security Standard: ThePanther employs Secure Socket Layer (SSL) encryption technology to encrypt communication between clients' devices and the platform's servers, ensuring the confidentiality and integrity of sensitive data transmitted over the internet.
Market Instruments
ThePanther provides users with a wide range of products, including the following:
Cryptos: Traders can access various cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, allowing them to speculate on the price movements of digital assets.
Indices: ThePanther provides trading opportunities on major stock indices from around the world, enabling traders to participate in the performance of global equity markets.
Forex: Clients have access to a wide range of currency pairs in the foreign exchange market, including major, minor, and exotic pairs, facilitating trading opportunities in the forex market.
Commodities: Traders can trade commodity assets such as gold, silver, crude oil, energies, metals, and agricultural products, allowing them to diversify their portfolios and speculate on commodity price movements.
Stocks: ThePanther offers trading options on individual stocks of leading companies listed on major stock exchanges, enabling investors to trade equities and benefit from company performance.
Shares: Ownership stakes in individual companies, allowing investors to participate in their performance and dividends.
Account Types
ThePanther provides multiple account types for users to choose from: Bronze, Silver, Gold, Platinum, Diamond, Panther, and VIP. Bronzedoes not support automated trading and cannot access personalized support packages. The minimum deposit requirement tends to increase with each higher-tier account, with VIP accounts being the most expensive to open and maintain. The following table presents how ThePanther charges minimum deposits.
Leverage
ThePanther offers leverage ranging from 1:80 to 1:200, providing traders with the flexibility to adjust their leverage based on their risk appetite and trading strategy. This range allows traders to amplify their trading capital and potentially increase their profit potential, but it also magnifies the risks involved in trading. Traders should carefully consider their risk tolerance and use leverage responsibly to manage their positions effectively.
Spread & Commission
ThePanther offers competitive spreads starting from 0.2 pips across all account types, ensuring favorable trading conditions for its users. Additionally, the platform does not charge any management or setup fees, providing traders with cost-effective access to the financial markets. However, while management and setup fees are waived, other fees such as transaction fees can apply. Traders should reach out to ThePanther's customer support team to inquire about its detailed commission structure before making investment decisions.
Customer Support
The customer support of ThePanther is available 24/5, offering assistance through various channels such as a contact form, and telephone (+1234567890). Additionally, the company provides its physical address at First-floor Pintail House, Duck Island Lane, Ringwood, England, offering users the option for in-person assistance if needed.
Conclusion
ThePanther is a broker providing competitive spreads, free setup & management and multiple market instruments. However, it currently holds no regulations.
Frequently Asked Questions (FAQs)
Q: Is ThePanther regulated or not？
A: No, it is not regulated.
Q: What is the minimum deposit required to open an account？
A: The minimum deposit required is €250.
Q: What is the lowest spread provided by ThePanther？
A: The lowest spread provided is 0.2 pips.
Q: Can I call them on Saturday？
A: No, you can't. Its customer service is only available on weekdays.
Q: What is the highest leverage users can trade at？
A: The highest leverage offered is 1:200.
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
