In the modern challenging world it is vital to be aware of the numerous investing opportunities. You need to make an informed choice, accept the profitable ones and reject insecure and risky offers.
Being one of the largest and most liquid financial markets in the world, Forex has very attractive potential for deriving profit. No wonder that thousands of individual traders are eager to apply their trading skills in Forex and make money.
But there have always been two very special categories of clients:
People who would like to diversify their investments and benefit from the Forex trading but have no time or skills to do in-depth market research, trade and monitor positions themselves;
Professional money managers who would like to manage funds many times exceeding their own capital receive a guaranteed fee for that.
The conditions traditionally offered by Forex Brokers are often too limited for their goals, so these clients may feel that they are missing the opportunity to make money in Forex.
FXOpen has seen the need for a new investing tool that can make cooperation between Money Managers and Investors more effective, honest, flexible and transparent.
So we have put our best efforts to develop an innovative, full-featured PAMM service!
PAMM stands for Percentage Allocation Management Module. It is a technical solution that helps to automatize profit/loss distribution, eliminate human error and allows Money Managers to manage multiple Investors accounts via one centralized MT4 interface.
Up till now Money managers were forced to trade with multiple copies of MT4 which limited the number of clients they could service, decreased the effectiveness of their trading and their profit.
With
FXOpen PAMM service the manager can organize all of his clients together in one
MT4 terminal.
An unlimited number of
Investors can join under one
Manager account.
The PAMM backend via the
'My FXOpen' also allows the
manager to set up
multiple offers for his clients with different rates of
Management fee,
Performance fee,
Minimum investment amount,
Minimum balance, and
Withdrawal penalties, etc. These flexible parameters allow
Managers to offer different conditions to
investors with different capital.
FXOpen requires no additional registration for Money Managers.
Potential investors will make their choice based on performance charts that display your past trading results.
So the only and the most important factor is successful trading!
Funds from all Investors on the manager account are traded as one unit. It means more room for money management and better position management options.
The PAMM-service keeps each Investor’s account record individually and the gains and losses are automatically distributed by the Company (FXOpen) between the Manager and the Investors on a percentage basis so that each party receives its percentage rate of return.
It guarantees that the share of profit and fees will be paid to the Manager on time and strictly according to the offer conditions, upon which he and his investors have agreed. So you can concentrate on what really matters. Trading for your clients!
PAMM service is equally convenient for Investors, too.
Having your trading done by a hired professional trader looks like a very attractive opportunity. But with traditional Forex accounts that often involved sharing passwords and access to trading accounts and deposit/withdrawal options.
FXOpen PAMM service makes investing into Forex more secure. With PAMM accounts, the Investor (and not the Manager) has the power to deposit and withdraw funds, so the scenario when a dishonest Money Manager runs away with the money or fails to pay the profit is completely impossible.
The Investor may withdraw all funds or part of the funds or top up his balance whenever he wants, and all the settlement operations (the distribution of profits, losses and Manager’s fees) are carried out by the Company (FXOpen) automatically.
Choosing a competent and reliable Money Manager has never been an easy task for investors, but FXOpen makes it easier for you with public monitoring of PAMM accounts and past performance charts.
The performance charts typically show account equity, daily profit, daily gain, total gain, max drawdown, max relative profit, Sharpe ratio, etc. Performance charts provide an unbiased and many-sided analysis of the Manager’s past performance and trading style. The information is presented in an easy-to-understand manner, so both sophisticated and novice investors will find it easy to choose the best manager for themselves.
When the Investor joins under a PAMM account, regularly updated trading statements will be provided in MyFXOpen area to monitor your PAMM Manager’s trading activity.
You can also communicate with your PAMM Manager via FXOpen Forum and ask any questions you may have about PAMM account terms.
For more information about
PAMM accounts operation, please, feel free to contact
FXOpen Investing Department (
pamm@fxopen.com ) or check
FXOpen Forum discussion.
With the first ever MT4 ECN trading platform coupled with PAMM accounts we hope to solidify our position as an MT4 technology innovator and continue providing our clients with all you need to get the most and the best from Forex trading: exclusive trading conditions, reliable order execution and dedicated support.