i-Pandora vs. Forex Brokers
The backbone of i-Pandora is based on providing crypto traders the same tools, experience, and environment that are available to traders in the seasoned Forex market. Since cryptocurrency is such a fresh face in the investment space, the market has yet to mature to the point of offering seasoned crypto traders the tools and platforms that they need to trade and leverage critical analytics seamlessly.
We want to bring the tools that have spawned out of the Forex market — news, calendar, MetaTrader 5, etc. — to crypto investors, which gives them the power and fluidity to invest smarter and more accurately. At the same time, i-Pandora wants to erase platform frictions by offering a one-stop-shop for crypto investors via an advanced API that allows users to trade across exchanges without sacrificing fluidity and movement.
But, there are some stark differences between i-Pandora and Forex brokers — especially when it comes to transparency and fund allocation. Today, we’re going to break down what separates us from Forex brokers, and how we’re prepared to bring the maturity of the Forex market to crypto-trading, without all of the baggage that comes along with it.
Forex Brokers vs i-Pandora: The Differences
While i-Pandora utilizes many of the tools that have emerged from the Forex world, we aren’t like Forex brokers who offer access to crypto. There are some key differences that set us apart and position us to disrupt market trends.
Trading on Volume
Forex brokers primary goal is to convert clients and get them to funnel money into the brokerage. Since brokers make money from investing funds that exist within their system, it only makes sense for them to discourage withdraws and focus heavily on conversion rates.
Of course, this isn’t all bad. It’s in Forex brokers best interest to provide a solid education — since higher returns are critical across-the-board to retain clients as well as make money from their investments.
However, this process isn’t transparent. Since all of their numbers are produced in-house, and their volume is fluid, numbers can be manipulated and funds can be misallocated. This process defies the entire philosophy behind cryptocurrencies. It’s not transparent, and one institution holds the ledger.
i-Pandora, on the other hand, doesn’t holster funds in-house. In fact, i-Pandora doesn’t have access to user funds or API keys, which means that i-Pandora isn’t taking user funds and investing them, making the system transparent, honest, and non-manipulative. By utilizing our unique APIs to connect to various exchanges, we can remove trading frictions without charging any extra fees.
Crypto Trading Across Markets
Another stark difference between Forex brokers and i-Pandora is the number of cryptocurrencies available to trade. The top Forex brokers typically trade anywhere from 1 (Bitcoin) to 5 (Bitcoin, Ripple, Ethereum, Litecoin, Tether, etc.) coins.
So, most traders will have little-to-no access to altcoins, which drive a significant part of the crypto market growth and typically act as volatile entities with high risk-reward.
At i-Pandora, you can trade across a wide range of cryptos on one platform. This allows traders to access smaller coins and emerging alt-coins as well as hardy favorites like BC and XRP. This process gives traders the power to make educated decisions across the market, without restricting them from embracing emerging technologies.
This power-to-trade separates i-Pandora from Forex brokers. We don’t restrict access to coins and our platform has the power to connect traders to a massive variety of coins that they can use in-depth analytic tools (MetaTrader 5) to value, analyze, and trade.
So, traders can jump across crypto-platforms utilizing the i-Pandora API, which means that users can trade seamlessly across crypto-currency markets without the need to skip through multiple exchanges.
Forex Brokers vs i-Pandora: The Similarities
While in-house funds, access to APIs, volume, and crypto-availability differ between i-Pandora and most Forex brokers, there are some similarities that help us bring market maturity to the crypto-space.
Advanced Analytics
Trying to analyze crypto is a headache. There are a wide variety of tools that exist across various platforms that you have to lean on. This means that you have to visit a different website and utilize a different tool for each specific analytic need.
Crypto traders shouldn’t have to go to 5 different websites to access a calendar, up-to-date news, analytic tools, and portfolio tracking. This creates real-time discrepancies that introduce a massive amount of trading friction to the crypto space, especially for day-traders.
By leveraging the fintech tools that have grown out of the mature Forex market, crypto traders can analyze and track specific growths and changes in real-time, and leverage those analytics to make smart and informed trades — all within the same platform
Tools like MetaTrader 5, which has become a staple for Forex brokerages, can be seamlessly integrated into crypto to provide immediate solutions to growing crypto analytic concerns.
i-Pandora has MetaTrader 5 embedded within the platform itself — giving crypto traders access to critical analytic solutions.
i-Pandora is taking all of the good out of the mature Forex market without the baggage. We don’t hold funds in-house and use them to generate revenue, essentially erasing the need for aggressive client retention practices or shady withdraw restrictions. This also means that numbers can’t be manipulated and the entire system is completely transparent and decentralized, which is what makes blockchain technology so disruptive in the first place.
With access to advanced analytic tools like MetaTrader 5, calendars, up-to-date-news, and portfolio tracking, crypto traders can immediately access crucial information and use it to make sophisticated trades without ever leaving the platform.
We’re a swiss-army-knife of crypto-trading. We offer all of the mature Forex solutions without the discrepancies and non-transparent trading practices of Forex brokerages.
