The company positions itself as a “leading financial services provider” registered in Switzerland. However, there is no confirmation of this, nor is there evidence of the competence of the firm’s founders, who “came together to create the perfect trading environment”. In addition, they don’t provide a start date for the project or the existence of a license.
Can you trust your money to this intermediary? Our PanaceaCapitals review is dedicated to researching the legitimacy and reliability of cooperation with this broker.
How to Trade
The financial firm offers clients two platforms: ETFs and CFDs. However, the ETF tab was unavailable during our review. Forex and cryptocurrency trading is available on the broker’s website. The company promises users the following services:
- Five tariffs with minimum deposits ranging from $250 to $150,000.
- Leverage ranging from 1:02 (probably meant 1:2) to 1:15, possibly increasing upon request.
- Welcome bonus up to 45% of the first amount deposited into the account.
Payments are accepted via all popular payment methods, including crypto wallets. Withdrawal of funds is possible within 5 days.
All registered users can consult with a personal manager and participate in webinars.
PanaceaCapitals Vital Info
The company does not provide information about the start of work and the history of the project. However, judging by the domain update date, we can conclude that it appeared on the market in 2024. In such a short period, it is unlikely that the broker was able to create a reputation of a reliable organization. In addition, the owners of the platform do not disclose data about themselves and their team. It is worth noting that the cheap website interface also does not contribute to our trust in the project.
We checked the specified address of the headquarters and made sure that it is quite a popular business center with an impressive cost of renting a room. Well, the most interesting thing is that there is no mention of PanaceaCapitals in the list of tenants. Moreover, there is no such legal entity in any suitable registry, including the Swiss one. It is clear to us that it is not worth seeking a license from such an intermediary.
Do not even think about contacting this broker. PANACEACAPITALS will scam you. They stole my money in minutes! They are scammers who don't plan to provide services professionally, much less honestly. The project acts like a B-book. I saw the quotes fluctuate and move in an incomprehensible direction. The platform consistently kicks you out of the trading session. I deposited only $700, after testing the terminal on a demo account, and everything worked fine there!
I found out about this firm a month ago. It is a good and reliable service, which is gradually gaining momentum. The office is open in Switzerland, there are several branches, and the company has plans to expand worldwide. You can practice on a demo account :) and then choose a low rate so you can deposit and try to withdraw small amounts and test the payment discipline. Prompt technical support staff is a sign of a reliable and loyal broker. I can vouch for PanaceaCapitals which not only professional tech support staff works here, but also fast, who don't take too long to respond and help in solving problems to the broker's clients' requests. I had some problems related to my computer and I couldn't trade well in the beginning, but panaceaacapitals.de staff helped to solve these issues very quickly. So, I say a big thank you to them. As for the rest of the service - everything works great here too, I have nothing to complain about. I trade with a profit of 150-200 dollars a week, everything is great, there are no lags on the platform, commissions are low, a lot of instruments are available, so everything is good. If you need advice, I recommend this company for cooperation.
I can only recommend traders not to enter here, and it will be your best decision. I registered an account here like a fool without checking this brokerage dump for legitimacy, and I ended up losing 300 euros. Yes, the amount is not that serious, but I still didn't want to lose my money. I earn money by honest work and I'm not going to be a charity for scammers. These crooks do not let me earn money and do not let me make a withdrawal, I do not even know what to do or how to influence them. Panaceacapitals is not regulated, so I have nowhere to complain :( I should have considered this point in advance, before making a deposit, not after the crooks blocked my account. Then I would have realized that I should not invest money here, because cooperation with such a broker is highly risky, as the project has no license.
The site looks attractive, but you need to check the firm for reliability, as it is not clear how long it has existed. If panaceacapitals has only recently started operating, then it's obviously too early to talk about a license, because it's a process that doesn't happen very quickly, it takes time to get regulated. I liked it here, there are different types of accounts, promotions and additional bonuses for traders. But once again I would like to note that a reliable company will not start attracting clients right after the launch of the site, when all the functionality is not working - it is risky. I want to try trading with real money, since I have already studied the terminal for a week, trading on a demo account, but I will risk only the minimum deposit, I will transfer $250 and will test on this small amount, and then I will see whether it is worth to continue cooperation or not. I will not risk depositing a large amount now - there is a high probability that panaceacapitals.de will turn out to be a scam, and then I would not want to lose significant money.