Overview of Panda
Panda, established in 2006, a trading name of Panda Trading Systems, is allegedly a financial company registered in Israel. The company offers a wide array of products including the Panda WebTrader, mobile trading applications, and sophisticated CRM systems, all designed to enhance the operational efficiency and market reach of brokerages. Additionally, Panda provides innovative tools such as social trading platforms, PAMM/MAM systems, and a proprietary quote engine that supports cryptocurrency ETFs and traditional asset trading. Despite its comprehensive suite of tools and services, Panda operates without regulatory oversight, which presents certain risks that potential clients must consider, especially regarding fund security and operational transparency.
Here is the home page of this brokers official site:
Is Panda Legit？
Panda is not regulated by any recognized financial regulatory authority. As an unregulated broker, it operates without oversight from regulatory bodies that are responsible for ensuring compliance with industry standards and protecting the interests of traders.
Pros and Cons
Panda stands out in the financial technology sector by providing a broad array of advanced and comprehensive solutions tailored for brokerage firms, ranging from user-friendly trading platforms like Panda WebTrader to powerful back-end systems such as CRM and PAMM/MAM interfaces. These tools are designed to streamline brokerage operations and enhance user engagement across global markets, supported by robust customer service available 24/7. Despite these benefits, Panda's lack of regulatory oversight remains a critical downside. This absence of formal regulation can introduce significant risks to the security and transparency of trading operations, potentially affecting the trust and safety of the users' investments.
Products and Services
PandaTS offers a comprehensive suite of products and services designed to enhance the capabilities of brokerage firms. Their offerings include:
1. Panda WebTrader: A web-based trading platform that integrates seamlessly with MT4 and MT5, accessible from any browser without the need for downloads.
2. Panda Mobile App: Features Single Sign-On (SSO) and is available in both native app and web-based versions for trading on multiple devices including iOS, Android, and web platforms.
3. Panda CRM: A next-generation brokerage software that enhances productivity and scales operations using AI-based tools for automating tasks.
4. Panda Trader: Comprises a client-side web interface and a broker-side management tool, facilitating effective trading management and client account oversight.
5. SimpleX: A simplified trading platform for new traders, focusing on easy order entry and management to facilitate an understanding of CFD trading.
6. Social Trading Platform: Allows traders to automatically follow the trades of others based on performance and preferences.
7. Panda PAMM/MAM System: Provides a web management interface for money managers to handle allocations and manage sub-accounts with various methods.
8. Panda Quote Engine (PQE): Offers low-latency performance for thousands of assets, ensuring reliable pricing even in volatile market conditions.
9. Crypto ETFs: Offers a selection of Crypto ETFs with a spike-free feed for making informed investment decisions.
10. IB Portal: Equips brokers with tools for managing referrals, customizing commission schemes, and accessing real-time performance reports, which are crucial for client acquisition and managing multi-tiered commission structures.
How to Open an Account
To open an account with Panda, follow these steps.
Visit the Panda website. Look for the “BOOK A DEMO” button on the homepage and click on it.
Fill in the request form with your details, including your first name, last name, email address, phone number, company name, and any specific message or inquiry you might have.
3. Submit the form to schedule a demonstration and receive personalized information on how Panda can enhance your brokerage operations.
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.
Customer Support
Panda offers 24/7 customer support through various channels:
- Live Chat: Available for immediate assistance on their website.
- Phone: Customers can call the support team at +972-72-2111611.
- Email: Inquiries can be sent to info@pandats.com.
- Physical Address: Clients and visitors can go to their office located at 145 Jaffa Road, Beit Galim, Floor 1, Haifa, 3525114, Israel.
Educational Resources
Panda provides educational resources that include updates on the “Latest News” related to their services and industry developments, along with “Latest Features” which highlight new tools and functionalities within their platforms.
Conclusion
Panda excels in delivering comprehensive and advanced technological solutions tailored for the brokerage industry, featuring everything from trading platforms to client management systems. While the breadth of its offerings and the innovation it brings to market are impressive, the lack of regulatory oversight remains a significant concern.
FAQs
Q: Is Panda regulated by any financial authorities？
A: No, Panda is not regulated by any financial regulatory authorities. This means it does not have oversight from bodies that enforce compliance with financial and operational standards typically required of financial service providers.
Q: What types of platforms does Panda offer？
A: Panda provides several trading platforms, including Panda WebTrader for desktop and mobile applications, designed for enhanced trading accessibility and efficiency.
Q: How can I contact Panda for support？
A: Panda's customer service is available 24/7 through multiple channels including phone(+972-72-2111611), email(info@pandats.com), live chat, and a physical office in Israel.
Q: What fees does Panda charge？
A: Panda implements a Dormant/Inactivity Fee for accounts that remain inactive for a specified period, enhancing account management efficiency.
Q: What educational resources does Panda offer？
A: Panda offers updates on the latest developments in their services and features, helping users stay informed about advancements and changes.
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.
