PanaMoney: "We are open with our trading results..." Exclusive interview for ECJ

July 31, 2009 - 12:45pm | Interviews | Investment industry |

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PanaMoney: "We are open with our trading results..." Exclusive interview for ECJ

According to the opinion of the analysts the most countries are coming out of a recession and world economy becomes stable. But what about the investment world that became a main source of income for lots of people? We decided to ask this question directly from one of the brightest representatives of today’s online investment world – PanaMoney.

Q: Hi, nice to meet you again. Almost half a year has passed since our last interview. What has been achieved during this period? Have you implemented your ideas?

PanaMoney: Hello, this period has been extremely active in PanaMoney. We have been able to sustain good trading performance and maintain open and trust relations with our clients. During this period we have added new payment processors, such as Perfect Money and StrictPay and now are working on diversification of our payment methods and implementing our plans for expanding our business activities, in particular, we are testing the trading system for gold and silver.

Q: What about you clients? Have you noticed any dynamics?

PanaMoney: Yes, in spite us being a young company of just some more than a year old, the number of clients visiting and opening managed forex trading accounts with PanaMoney grows every day. Actually, the positive factor is not just the growing number of clients, but the establishment of long-term relations with the existing clients, who build up their investments and open better investment plans after starting with Trial or Beginner plans.

Q: What are the three words you can describe your service with?

PanaMoney: Transparent, efficient and client-oriented.

Q: How do you think what are the key factors influencing the popularity of your service?

PanaMoney: I would say that they are those three characteristics of our services I mentioned above. After trading for some time with our company, the clients lean from their own experience we keep our promises and fully comply with our obligations. Our clients also appreciate we are open with our trading results and the course of our company’s trades, they enjoy the control of their profits which they can withdraw or reinvest, at their own discretion, as well as other auxiliary options available for the clients to manage their investment.

Q: Recently some online payment processors faced DDoS attacks. How does such kind of problems influence your business?

PanaMoney: We are not dependant on the payment processors we accept as the funds are included into the trading process through our bank. Of course, it is unpleasant when any company you work with experiences some troubles. However, regardless of electronic payment processor’s availability no company’s payments were affected. As for depositing, there are always alternative options available.

Q: As far as we know you have also taken some measures to prevent those attacks. Was it necessary? How many times your service was attacked?

PanaMoney: From the very start of our online activity, we have been protected from DDoS attacks and the security has been continuously improving.

Q: Do you plan to introduce any new payment systems to your service?

PanaMoney: After adding StrictPay as a payment option, it was very much appreciated by our clients. However, we are still considering new possibilities to enlarge the number of payment methods accepted. I should also mention that is not that easy, as we have very strong requirements in regard to the payment processor, such as its funding options, API, number of users and merchants, etc.

Q: Forex market is not a stable one. Today we see high volatility of the main world currencies. How do you think will the dollar be able to remain the main currency of the world or today it is just a glorious past? What is your forecast?

PanaMoney: I think even in spite of all the talking and diversification of the currency reserves in some countries, today dollar remains the world currency in terms of international trade. And as long as the things remain this way, it is not any past by the present. Besides, the trader’s shift from currency to currency, make Forex market even more active which can bring better returns to our company, in particular.

Q: What are your plans for future? Should we expect anything new? Maybe some new investment plans?

PanaMoney: I have mentioned some of our plans, such as new payment methods and trading gold and silver. The latter, is the most significant plan for 2010 and now big part of our resources and efforts are aimed at this trading system’s launch.

Q: How do you see the future of the online investment market and the role of PanaMoney in it?

PanaMoney: Online investment market, in my opinion, will stay attractive for most of investors as an alternative to traditional bank deposits, etc., especially, taking into account the instability in the traditional sector. However, it imposes additional burdens to the online investment companies in regard to their reliability, openness, etc. As for those new requirements to the companies offering investment opportunities online, our company has been complying therewith from the very start. And we see PanaMoney’s role in setting up those highest standards for our business.

Q: Thank you very much for your attention to our journal and good luck!