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Panamoney.net appears to be a HYIP claiming to make money by trading forex.
If you are not willing to take the risk of losing 100% of your investment, we recommend against placing any money with this company.
David, TN
Rating:
Date of Post:
2010-03-12
Review:
Invested with them back in September 2009 and can honestly say these guys are doing a fantastic job!!!! From what I've researched and looked into Panamoney is in fact trading our money on the Forex Market and they are legit. By the way, this is not a company with a guaranteed flat rate dividend- it is a true dividend based on actual interest earned and I might add if you want to be more successful and see better returns you need to do your home work and pick the best currencies to trade. dailyfx.com is a great place to start with up to date info.
My only complaint is that I wish I had more money invested with these guys!! :) Thanks...
Angela Villanueva, California
Rating:
Date of Post:
2010-02-28
Review:
Today, February 28th/2010 still I am benefiting from Panamoney Investment. My initial investment already dobule and more., and I was able to withdraw the initial investment with NOT PROBLEM AT ALL.
What I like from Panamoney is that EVERY DAY I am able to withdraw the profits earned from the investment and move tho my bank with not problem at all.... other other Forex companies do not offer the same. I DO ASSUME PANAMONEY is really trading forex. otherwise how come SO MANY people are able to withdraw so much money with not problem
I hope this company be around for MANY YEARS more to come.
2009-09-28 5 Stars I must come to write again in favor of Panamoney.net. So far I am receiving the profits as they promised. If they are a HYPE I don't understand how a company can come up with a daily money withdraws from customers if they would not be trading real forex and making profits. I must mention, at the beginning I was very afraid and even after I investd with NOVALEX FINANCE AND FROM ONE DAY TO NOTHER this NOVALEX dissapear from the map. Panamoney is registered with Labor department and other goverment offices as a requirement to operate in the forex market. NOVALEX also showed a registration.. and it happens. My investment with them 14K and running perfectly so far.
2009-07-05 5 stars money to this company and I am receiving profits every trading day, with no problem.
Person who referred me this company is with Panamoney.net since November and also receiving his profits.
I was able to choose the pair to be traded with my funds, and so far SO GOOD GOOD CUSTOMER SERVICE., telephone number to communicate with them., and funds are ready to withdraw with no problem. I hope this recession ends soon and in the meantime Panamoney is helping us a lot to copy with the financial stress.
I must mention that I was very afraid before sending funds to this company, but as days go by I am feeling kind of relief since the money earned is helping me to cover my personal obligations and else.
2009-01-14 No rating this company was incorporated in Nov 2008 and doing forex managed trading with high returns.Everything looks right. I would like to have an opinion about panamoney.net..
PeteFX, Germany
Rating:
No Rating
Date of Post:
2010-01-29
Review:
All necessary opinion has been given in the statements below.
Just to point out once again:
Theyīre for sure trading, donīt know on what, otherwise they couldnīt stand such a long time with continuous withdrawals.
Indeed I feel a little bit iritated by their so called "Forex holiday", most of them are no holidays at all, and as mentioned below, they trade on these days and just donīt let their customers benefit from that.
It should therefore be kept in mind, that 180 "trading days" are more than 9 calender months.
If someone wants to prematurely withdraw his/her investment, all made profits will be withdrawn as well as 10%, so itīs a very good business for Panamoney, since they profits, they made with your money, are not theirs...
But most important - they keep stable and at the moment reliable.
The question would be, why arenīt they in the US or Europe? I guess, they couldnīt meet the financial sector regulation requirements there (especially now), but why? The other thing is, ok, customers donīt get any capital/equity yield income tax deducted. This is another story...
Bjorn, Iceland
Rating:
Date of Post:
2009-12-20
Review:
I am happy with Panamoney. I started with 4,ooo in june I have withdrawn 4000 and have over 10,000 as working capital. Withdra wals are in the bank in 3 working days. What I find negative is the binding time wich adds up to 9 months when all hollydays are added to weekends, and too they have extra many hollydays like in nov uestionand dec they have 8 extra hollidays in each month. If you have questions or problems their customer service is very prompt. I have posted questions and they have usually been answered in an hour or so but if you ask questions directly online they are taken care of as you present them.
Roger, Augusta, GA
Rating:
Date of Post:
2009-12-15
Review:
I invested $16,000 with them in late Jan 2009.
Took back $15,000 in October. I could have taken more, but this compounding is contagious. Presently I have $96,000 balance.
My son invested $2,000 and has withdrawn $2,500. When I request a withdrawal they process it and its in my bank account in 72 hours. I'm as cynical as they come, but I plan on retiring on June 2010 with them when I'll have a balance of over $300,000 and a weekly income of $12,000
I joined Panamoney in January 2009 by recommendation of my friends and I see the company keeps its promises in full. They have some negative trading days from time to time but on average they make good profit.Their customer support is always friendly and helpful. My rating is five stars too.
Karl, Germany
Rating:
Date of Post:
2009-11-07
Review:
What can be improved with Panamoney.net company? I wish their customer support work 24 hours a day but they available only within business hours Panama time. I live in Germany and I always have to plan my time to contact them.
I would like to rate this company with 5 stars as it's an example how a real managed forex company should look like. Their trading perfomance is transparent and can be viewed in real time in my panamoney.net account. The company acts in accordance with the agreement I concluded with them. In January 2009 I invested 20k USD and already returned my investment with profit wich I withdrew every month. On average I earned 1-1.3% after each trading day.
Alicia D., Ca
Rating:
Date of Post:
2009-09-29
Review:
I am very impressed and thankful for this forex managed service. They are not the HYIP company compared to other services out there, I was close to early retirement and then suddenly dismissed. I
realized I could not make my monthly expenses and invested in increments of 5,000 and after six months then 10,000. I thank this company for being true to their word and very professional. After 180 days I received my 5,000 principle besides continued interest. With their gold and silver options the returns have been getting better. I hope they are around a long time for they have been my lifeboat.
.
Keep up the good work
Anonymous, Singapore
Rating:
Date of Post:
2009-09-22
Review:
So far, so good. I have invested in this company since April 2009 and have been able to receive all profits made to date. I have made three separate deposits: a small test deposit of a few hundred dollars, a moderate deposit of ~$4k, and a larger deposit of ~$14k. All three deposits have been performing as advertised and I have been able to log in from time to time to see the live trading activity. I have also tracked all the past and current performance in an Excel spreadsheet and have determined that they averaged a little over 1.04%-1.13% per trading day of profit during 2nd quarter of 2009. I think the "up to 2.8%" is just marketing hype, but I am not complaining about ~1% per trading day on average, which has come out to 17%-20% per month on average. Every once in a blue moon, they have a negative outcome in the trading results, but true to their word, they do not make a deduction from your profits.
So far, withdrawals via eCurrency have occurred like they are supposed to, usually within the next 1-2 trading days. And we have successfully made withdrawals via wire transfer as well. The wire transfers were usually received on the 4th business day after initiating the withdrawal request.
So, on the first two accounts, we have already withdrawn more than we invested. On the third account, we won't hit that milestone until the end of the year.
I think that their business model assumes that most people will be in lower earnings capped plans, so that they earn the additional amount over the 0.5% or 1.0% per day of the lowest tiered investment plans... the only other thing I notice is that they have a lot of FOREX holidays, some are for seemingly non-financial holidays. I suspect that they probably trade the systems on those days as well, and use the profits to continue building their safety fund... the slightly excessive number of FOREX holidays is why I give them 4 stars instead of 5.
Finally, before I invested larger sums of money than I already have, I would have to go and perform due diligence in person because of where they are located. Every person has their own thresholds of what is acceptable risk of loss of capital, so please plan wisely and don't deposit money you cannot afford to lose.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in
foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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