Dear Clients,
FXOpen is proud to announce the launch of our new PAMM-ECN and PAMM-Standard service!
This is a very good development for Money Managers who up until now have had no option but to trade on multiple copies of MT4 which limits their growth and ability to serve their clients effectively.
What is a PAMM Account?
PAMM stands for Percentage Allocation Management Module. It is a technical solution, that allows to create an unlimited number of Investors accounts under one master account (or Manager account). The funds from all Investors on the master account are traded as one unit, which gives more room for money management and better position management options. The trading on a PAMM-account can only be performed by the Account Manager (a professional trader), who does it for a fee.
The PAMM-service keeps each Investors account records 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.
With an FXOpen PAMM account, the account manager can organise all of his clients together in one MT4 terminal.
The PAMM backend via the "My FXOpen" are allows the manager to set up offers for his clients with the rate of management fee, Performance fee, minimum investment amount, minimum balance, early withdrawal penalty etc..
Do you want to invest in a money manager, but need a little peace of mind? FXOpen's PAMM system gives the account manager ability to trade your account, but not to make withdrawals from it. Only the owner of the account may withdraw the money.
For the Account Manager, FXOpen's PAMM also provides security. All settlement operations (fees, profit/loss distribution) are carried out automatically by FXOpen so you can concentrate on what really matters. Trading for your clients!
If you would like more information about FXOpen's new PAMM-Standard or PAMM-ECN system, please visit our forum and feel free to ask questions and discuss PAMM in this thread.
FXOpen Team