PanaceaCapitals Review | Is profitable to trade here or this is a scam?

by Kevin Berry
  1/5   Reviews: 1
PanaceaCapitals - logo

In this PanaceaCapitals review, you will find out whether this Swiss company is fraudulent and whether it is profitable to trade here. Although I won’t keep you in suspense or intrigue you, I will answer straight away – it’s a scam. However, if you want to know why it is a fraudulent platform, I recommend reading a brief exposé, which won’t take much of your time. Well, let’s get started.


🏛️ Country Switzerland, Marshall Islands
⚠️ Regulation
🖥️ Website https://panaceacapitals.de/
🎲 Demo Account Yes
⏳ Start Time 2024
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:15
⚙️ Trading Platform WebTrader
📨 E-mail support@panaceacapitals.ai
📞 Phone +41912280258

First Impression of Panaceacapitals.de

I will begin my PanaceaCapitals review by examining the official website, as it plays a crucial role in the interaction between the company and traders. Let’s see whether there are any shortcomings or if everything is in order.

PanaceaCapitals - site

The firm uses a standard structure for its website: a top panel with main sections, a homepage featuring benefits and offers to start trading, and a footer with warnings about the risks of margin trading and some basic legal documents. Thus, there is nothing new or unique here.

The homepage provides some information about the trading platform, how to start cooperating, a few figures from activity statistics, such as the number of awards and executed orders, as well as other advantages like narrow spreads, a vast selection of assets, and more. The graphic design is almost absent, with only images of Bitcoin and charts noticeable. Additionally, users can navigate to specific sections to learn more about the platform, tariff plans, and traded markets. There is also an FAQ with common questions and answers.

Many phrases make no sense, as do the claimed advantages. Detailed statistics are provided but without any evidence, so they should not be trusted. Despite the stated headquarters address in Switzerland, the user agreement specifies that the firm operates under the laws of the Marshall Islands. I will verify all this in my review of panaceacapitals.de.

Partnership and Bonuses

The company offers a welcome bonus to new clients, but only to those who can afford the Gold (from $60,000) and Platinum (from $150,000) tariff plans. These funds are not given out simply; they come with terms that are far from advantageous for traders. Simply put, the condition looks like this: “(deposit + bonus x 30 = required turnover for withdrawal)”. If the condition is not met, the company will refuse the withdrawal of funds.

The broker also has a referral program. However, its terms remain unknown, so I have nothing to comment on. I also recommend not accepting bonuses without studying their terms.

Account Opening on Panaceacapitals.de

To make the review of PanaceaCapitals more comprehensive, I will register a personal account to inspect the internals and evaluate the trading platform. The registration process involves providing a name, email, phone number, and password.


Nothing more was required, as the client portal became immediately available after entering personal data. By the way, I recommend not using real personal information, because it can fall into the wrong hands, and you may receive spam calls.

The interface of the personal account is quite primitive. It, like the website, was made from a template. In the center is the main window, and on the left is a menu with several sections:

  • Account summary.
  • Personal information.
  • Transaction history.
  • Withdrawals.
  • KYC.
  • Partnership.

PanaceaCapitals - personal cabinet

Traders can open a demo to test the platform and practice without risking real money. To do this, you need to create a nickname, select the platform, currency, and type of account.

Navigation through the client portal is simple and clear. In this respect, the broker can be commended, but this approach has no relation to security and reliability. For example, I wondered why there was no confirmation email sent upon registration of the personal cabinet?


The homepage of the website provides a step-by-step guide on how to start cooperating. There, after the first step, which involves registration, comes the verification process, and then deposit. It’s easy to guess that the KYC procedure here is mandatory, and without it, you cannot use the platform’s services. The company explains this as compliance with AML&KYC policies.

Verification is standard. The firm requests two types of documents: proof of identity and proof of residency. Documents can be uploaded through the personal account in the “Documents (KYC)” section. There, instructions are provided, as well as other information regarding AML&KYC policies.

PanaceaCapitals - KYC

  • The verification procedure is mandatory.
  • Easy document upload process.
  • There is no specified time during which the check of documents takes place.

Trading Software

An important component of the PanaceaCapitals review is examining the platform. In the “About Us” section, the broker claims its platform is MetaTrader 4, but this is not the case. The platform does not resemble the software from MetaQuotes, thus misleading users.

In reality, the firm offers a primitive terminal with basic functionalities. For instance, there are only 5 timeframes (from 1 minute to 1 week), tools for technical analysis, indicators, stop-losses, take-profits, and watchlists. Despite this, the terminal is described on the website as if it were the best software in the world.


There is no need to download the program; it operates through any browser, including mobile ones. There are no programs for computers, nor apps for smartphones. It is a serious shortcoming because a web version cannot fully replace a desktop one. Moreover, a separate app for iOS/Android would perform better than a browser version. The app is better optimized and offers more diverse options.

Features PanaceaCapitals Vortex-PRO YouTrade ECSA
Demo Account ✔️
Mobile App ✔️
Own Development

How Can I Trade With PanaceaCapitals?

It is a CFD broker, although the company claims to offer ETFs, which seems like a lie for marketing purposes. To understand whether the conditions here are favorable, one needs to look at the tariff plans. Therefore, the next section of the PanaceaCapitals review will be devoted to account types.

All Info About Accounts

You can start trading on the platform with a deposit of $250. This amount is required to activate the first tariff plan. More money is needed for the other plans:

  1. Basic. 24/7 technical support, funds withdrawal within 5 business days, direct line to account executive, leverage up to 1:2, free webinars, and trading alerts event analysis.
  2. Bronze. At least $7,500 – a very large difference compared to the first tariff. This plan includes leverage up to 1:5, faster funds withdrawal within 3 business days, and daily markets review. Essentially, it does not differ much from “Basic,” but the minimum deposit is very large.
  3. Silver. From $25,000. Even broader leverage, event trading once a quarter, and money management plan.
  4. Gold. Funds withdrawal within 1 business day, event trading once a month, leverage up to 1:10, welcome bonus 30%, and 1-on-1 educational course. The minimum deposit is $60,000.
  5. Platinum. From $150,000. Instant processing of withdrawal requests, VIP mentorship program, and other services on the most favorable terms.

Account types

The requirements for the minimum deposit are simply outrageous. Well, what’s there to be surprised about? The task of fraudsters is to extract as much money from clients as possible, so here the standard approach of any pseudo-broker is applied: “Pay more to get better”. By the way, the minimum entrance fee of $250 is a clear sign of a fraudulent intermediary, as it is precisely illegal firms that often set such an amount for the initial deposit.

The logic in providing leverage is completely absent. What’s the point of 1:2 for traders on the “Basic” tariff, who need more borrowed funds to increase volumes? Conversely, “Platinum” holders, with a minimum amount of $150,000, do not need leverage at all.

Additional services from the broker can only harm clients. There are no examples of what a money management plan or event trading might entail. It is possible that such options are offered specifically to harm traders. It is also important to note the lack of information about commissions and spreads. It is unclear how client orders are processed, but I understand perfectly that this is just an ordinary dealing desk that only makes money when clients lose money.

  • The demo is available.
  • Crazy minimum deposit requirements.
  • Spreads and commissions are not specified.
  • Low leverage.

Market Analysis and Education With Panaceacapitals.de

If popular and reputable companies offer analytics and training courses for free to everyone interested, the broker charges for these services, specifically offering the same opportunities, but only to those who can afford to invest $7,500 or more.

While there are some minor educational articles, online quotes of several financial instruments, and news on the site, this is still not enough. The additional functionality is quite meager.

Deposit, Withdrawal, and Fees

According to the information in the FAQ, the deposit balance can be funded using electronic wallets, bank wire transfers, and credit/debit cards. The account currency can be in USD, GBP, or EUR. Deposits are credited almost instantly, except for bank transfers. However, the speed of processing withdrawal requests depends on the tariff plan. Why should owners of the first tariff plan have to wait up to 5 business days for tech support to process the request, while owners of other types of accounts wait less? This seems like inequality.

The homepage of the website features the Bitcoin logo, so it is very likely that cryptocurrency is also supported as a method of transferring money. By the way, fees are not indicated anywhere.

Features PanaceaCapitals BNP Groups Prime-CC
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️ ✔️
Deposit Fee ✔️
Withdrawal Fee

How Can I Contact It?

Contact details are only provided as a Swiss phone number and a fake email address. Yes, the listed email turned out to be nonexistent, so don’t waste your time writing there, as no response will follow.

Fake email

The most convenient way to quickly contact a manager is not available, I’m talking about online chat. There are also no social media accounts. An office in Switzerland is also mentioned, but in this part of the review of panaceacapitals.de, I will not check it, I will leave it for dessert.

  • Not found.
  • Fake email.
  • No online chat.

Is PanaceaCapitals Dangerous?

Fake contacts, hidden commissions and spreads, and a business model with a conflict of interest – isn’t this enough to accept the fact that the company is engaged in fraud? If not, the next part of the PanaceaCapitals review will focus on more serious red flags. I will analyze the platform’s duration of operation, its licenses, and the addresses of its offices.

How Long Does The Broker Work?

It is unknown when the platform was launched. It is also impossible to check the date of the domain registration, but it was last updated in April 2024.


Many comments on the internet are also dated April 2024. Therefore, it can be concluded that this is a very young broker.

How Is PanaceaCapitals Regulated?

At the bottom of the page, where contact details are listed, an office in Switzerland is also mentioned, but is it real? No, because such an organization was not found in the Swiss Commercial Register.

PanaceaCapitals - Business Name Index

Is there any regulation? Unlikely. There is no point in checking the FINMA register for a broker’s license. Although I will still do it to prove the platform’s illegal activities.

PanaceaCapitals - FINMA

As seen in the screenshot above, the search showed nothing, so the firm does not have a license. Lastly, the Marshall Islands registry should be checked, as this jurisdiction is mentioned in the user agreement. The broker is also absent there.

PanaceaCapitals - Marshall Islands

Features PanaceaCapitals Nour Trade Cinpax
European Zone
Asian Zone
American Zone
African Zone

How to Trade With PanaceaCapitals?

Firstly, you need to create an account, then go through identity verification, and after that, replenish the deposit.

Is PanaceaCapitals Legit?

The broker is unregulated and unregistered anywhere. The specified office address turned out to be fake.

How Risky Is It?

There is no doubt that this is a 100% risk. Such platforms almost always turn out to be fraudulent.
Kevin Berry
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Expert Opinion

It is hard to believe that such an outright scammer manages to swindle people out of money. No license, no insurance, no renown – there’s nothing, no reliability guarantees whatsoever. The platform exclusively earns on the losses of its clients, so you can forget about success and earnings here. PanaceaCapitals is a typical example of fraudulent brokers who will happily take your deposit but return nothing. Such sites do not last long, do not invest here, and do not give money to outright scammers.

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The level of trust
Quick withdrawal of funds
Efficiency of technical support

1 review about PanaceaCapitals

Jack Warning May 3, 2024 - 21:25
- 800$
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I lost $800 here. It’s a small amount, but it hurts. I fell for fake promises and beautiful tales from scammers at panacea capitals. In the end, I was left without any money. Take my experience, do not trust such fraudsters. There is nothing here but deception and scam, believe me. I lost money, now I’m sharing the sad experience.


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