Let other traders know if this service is worth checking or should be avoided.
Your feedback matters!
Aug 8, 2009,
Who told you that Panamoney is a HYIP? It's a real managed forex trading company with real office address, phone and fax number, and with areal business license issued by the Ministry of trade and commerce in Panama and it allows management of third-party funds. It can be easily checked with Panamanian authorities as I did my due dilligence on that company.
Did you see any hyip that showed trading on Forex in real time? No! And the authenticity of trade on forex market can be confirmed by experts and traders.
Did you see any hyip advertised in reputable forex-related media in USA, Canada and Europe?
Panamoney Technologies, Inc. is not a hyip but an innovative managed forex trading company which, to date, operates more that 1 year.
Apr 5, 2010,
Hello. I have very positive experience with PanaMoney. Last year I invested 57400 usd. To date my initial investment is returned after expiration of 180 trading days. The average profit I received with them is about 1% daily. It depended on the trading results and the currency pair I chose. Some of my friends have bigger deposits with panamoney and no any problems. The profit is paid on time as promised on their site. Their customer support is very helpful too. Happy investing.
Mar 12, 2010,
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...
Nov 7, 2009,
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.
Apr 8, 2010,
Let me share my experience. Invested $10000 in March 2009 and returned my initially invested deposit in January 2010. First I instructed to trade only with one currency pair, but it affected my income as on average profit was 0.3-0.8% per trading day. I hedged my funds with several currency pairs and my daily profit became more stable and it's close to 1% at the moment. They show their trading chart in real time and trade Mon-Fri on business days. They make many trades per day and there are many negative trades, but the volume of positive trades is higher, so in result we make money here, and good money of course. I referred a couple of my friends and all of them returned their deposits and receive pure profit from trading now.
I would suggest to avoid using electronic payment processors as they take too much money for their services. The best option is bank wire deposit to their account. They have a low minimum managed forex account - just $1000. And the minimum to withdraw is $1000 too. So if you invested the minimum you need to wait until you can withdraw your first profit. Recently there was a delay with bank payments for 5 days because of Easter holidays of their bank.
One more question to the forum readers: what is the average number of forex holidays per year for the managed forex trading companies? I ask that as panamoney avoids trading on major forex holiday as markets can be not stable (or not active) and less predictable. Let me put 5 stars for this company as I'm satisfied with it.
Sep 29, 2009,
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
Nov 19, 2009,
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.