FXOpen to Introduce Changes to PAMM Service
We would like to inform our clients about the upcoming changes to the company’s PAMM service.
For more information please refer to the “Percentage Allocation Master Module” Regulations.
We kindly ask all current PAMM participants to read the new Regulations carefully in order to make an independent judgment as to whether this service is appropriate for them in light of their financial situation, investment experience, risk tolerance and other factors. If not, please inform FXOpen as soon as possible, otherwise FXOpen will consider that you have accepted the new Regulations, which will come into effect starting from April 1st, 2014.
The company will launch the new Percentage Allocation Master Module (PAMM) technology on April 1st, 2014, and it will fully supersede the current service, Percentage Allocation Management Module. FXOpen’s new PAMM is a technical opportunity for an FXOpen client (“Follower”) to follow trading strategies of another FXOpen client (“Master”). The Master’s strategy will be replicated on the Follower’s Account by means of our PAMM technology.
FXOpen PAMM technology involves virtual merging of Master’s and Follower’s funds. The funds, dedicated to PAMM by both Master and Follower, become “invisible” in their Customer Accounts. It means that even though the funds are fiscally segregated, they still remain on the same accounts.
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FXOpen NZ Limited
E-mail: [email protected]
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