PAMM Accounts, How Forex PAMM Accounts Work
PAMM account, also known as Percentage Allocation Management Module; is a software application which allows Traders to share their strategies with Investors interested in them.
pamm account in WAVESSCOUTFOREX
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Dear friends,
About Forex PAMM Accounts:
To join our P.A.M.M manager account to earn the profit as we trade.
Just follow the easy steps below :
1- open account with our link .
2 – follow our PAMM manager account.
Rules:
1- minimum deposit is 50 $ and no maximum.
2- just who open account through our link; can join our PAMM .
Our link :
https://my.lirunex.com/?Refferal=2727&GroupId=370
What is a PAMM Manager account?
A PAMM account; also known as Percentage Allocation Management Module; is a software application which allows Traders to share their strategies with Investors interested in them.
The funds of the Investors who joined the PAMM are pooled into a single MT4 account; (also known as “Master account” or “MM”); which is operated by the Trader as any other MT4 account.
On an hourly basis the this system performs an automatic procedure known as “Rollover“. and calculates the Net Asset Value (NAV); so the balance; and equity value of the Investors’ accounts is updated accordingly.
It is essential to understand that the PAMM system allocates on an hourly basis; the P/L of both closed. open trades; and does not allocate the traded lots as usually done by MAM; systems offered by other brokers. This feature brings up several benefits: for examples the distribution among Investors of the P/L generated; by a microlot trade (0.01 volume) without any “rounding” issue.
How to set up a this Manager account
A PAMM Manager account can be set up when at least; one Investor has funded a real trading account; with at least $1,000. This first Investor could also be tthis Manager.
Once this condition is met; the new Manager; can send us an email requesting the creation of the new P.A.M.M account; and listing the desired features:
- PAMM nickname (if desired, this will appear on the public “Social PAMM” web page);
- Commission Profile (PRO / Standard)
- Applicable Fees (Performance fee / Management fee / etc)
- MT4 account number of the first Investor. (with minimum balance of $1,000 ready to be transferred to the new PAMM).
Usually the new PAMM is set up within 1 business day. and the Manager will receive:
- Credentials to access the PAMM Manager portal to supervise Investors entry and exit.
- Credentials of the MT4 account where the Investors’ funds are pooled. and where the actual trading activity will be carried out.
Benefits of a PAMM Manager account
| Customizable fee structures: set performance; management and other types of fees. |
| No additional costs. |
| Display your strategy on our Social PAMM page to attract new Investors; and scale up your business. |
| Free widgets for your website. |
| No “rounding” issues as the PAMM systems; distributes the P/L of each trade not the lots. |
If you don’t want to make your this account public. you will be given a private password that your Investors. can use to join your new PAMM account.
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