How to create your own PAMM account for further earnings on it

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For PAMM-managers

PAMM service of AccentForex – it’s unlimited opportunities for traders with extensive experience in the Forex market. Market moveable every minute and the rising in prices or a reduction is always a good opportunity for earnings.

For extraction of profit, the trader must know when and in what direction open the transaction, therefore need have the deepest knowledge of the Forex market and own a profitable strategy. If you have the required knowledge to trade and significant experience that brings you success, you can get a lot more profit using the PAMM-service of AccentForex.

PAMM- service of AccentForex enables you to manage investors’ funds. Also you can choose the modalities of cooperation to obtain maximum profit, namely:

Minimum deposit of investors’ contributions;

Distribution of the profit in a percentage between the investor and the PAMM-manager (you);

Minimal trading period for the management of funds investors

After getting acquainted your conditions investors can choose your trading account for investment and promotion.

Terms and Conditions PAMM accounts

PAMM Service from AccentForex uses an automatic process of calculating profit, transactions, and therefore, the process of allocation of completely transparent and is safe for all sides.

To become a PAMM account Manager, a trader should have a successful trading strategy and a desire to get unlimited profit from attracted investors;

To activate the PAMM account, the PAMM Manager must make a minimum deposit in amount of $ 1,000.

In order to attract investors, it is not necessary to have a large capital, it is enough to show the successful results of trading;

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PAMM Manager can attract investors by itself through forums, ratings;

PAMM Manager on their own lays down conditions for investors: the percentage of profit distribution, the trading period, the minimum amount of investment.

PAMM Manager opens for viewing trade statistics and routine value of profit in My.AccentForex.com to investor;

Profit of the PAMM Manager available for withdrawal after the end of each trading period;

PAMM Manager may additionally deposit its account at any time. The funds will be credited to the account automatically after the end of the trading period, and the distribution of percentage between all investors;

PAMM Manager could attract investors during the trading period. Investors can invest in the account 24/7, but the funds transferred to the account at the beginning of the new trading period;

PAMM Manager may at any time see the new investment in its PAMM account;

PAMM Manager can open an unlimited amount of PAMM accounts with different conditions and different strategies to attract more investors;

In “MyProfile” manager will get access and full statistics on all its accounts and investments of investors;

The Manager may close its PAMM account, and then all funds will be distributed automatically between all investors.

from 1000 USD/1000 EUR

Is set by PAMM Manager and calculated automatically by PAMM service of AccentForex. More information on the link

Spread from 0.5 pips

Minimum balance for open a trade from 100 USD / 100 EUR **

Leverage from 1: 1 to 1: 500

Stop Out level 20%

* After adding to the PAMM program PAMM-managers are available to trade only on currency with XXXXXX_STP suffix. To open the available currencies, you need to go to the trading terminal window «Market Watch». You need to click the right mouse button, select «Show all».

** This condition relates to the accounts, the balance of which is lower then $ 100 / E100

Information

TRADING CONDITIONS

FOREX NEWS

PROMO

POP SUPPLY

Accent Markets Group Inc. is аuthorized and regulated by the Vanuatu Financial Services Commission (VFSC). License No. 17926.
AccentForex do not offer Contracts for Difference to residents of some jurisdictions, such as United States of America, United Kingdom, etc. Registered address of Accent Market Group Inc. is T19, 1st floor, Tana Russet Plaza, Kumul Highway, Port Villa, Efate, Vanuatu.

Attention!

  • Investing into PAMM account or PAMM account portfolios is a unique set of the managing traders that is individual choice of the investor according to investor’s aims and liabilities.
  • Profit extracted from the PAMM account in previous periods is not an assurance condition for future profit obtaining.
  • AccentForex providing PAMM account service for investors/PAMM partners/managing traders does not take part in clients funds management investing in PAMM accounts.

Risk Warning © 2020 Reliable FOREX broker

How to create your own PAMM account for further earnings on it

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Member Since Feb 22, 2020 4642 posts vontogr (togr) Dec 12 2020 at 19:10
I like what I trade, I trade what I like Member Since Jul 07, 2020 108 posts Denis (Kalamo) Dec 19 2020 at 00:50

At Fibo Group there are some good PAMM accounts.

Look for accounts :
Over 1 year
Total profit over 50%
Maximum drawdown below 40%

Always filter your research because there are too many offers and some go crazy with the drawdown or simply have bad results.

Member Since Dec 19, 2020 1 posts ceocwmfx Dec 19 2020 at 10:33

PAMM accounts are trendy among investors who do not have time to study the ins and outs of trading or lack the essential trading knowledge. In this condition, an investor can pick a skilled trader to manage their money for them. A trader gives investors with an offer, which standardize the business relationship between a trader and an investor and indicates a percentage charged by a trader.
________________________________

Anthony Constantinou CEO CWM FX

Member Since Jul 01, 2020 13 posts Shalidor Dec 22 2020 at 13:42
Member Since Dec 23, 2020 11 posts swimmable Dec 23 2020 at 16:01
Member Since Sep 26, 2020 1 posts Mehastra Dec 27 2020 at 11:00 (edited Dec 27 2020 at 11:01 )
Forex is a hard work. Member Since Apr 18, 2020 862 posts AniLorak Dec 30 2020 at 14:09

swimmable posted:
Has anyone actually found a good PAMM account? I have tried a few and they have all had terrible performance

Same experience from me; I think copy trading is much useful than the PAMM acoount service!

Member Since Dec 20, 2020 4 posts Mnegamand Feb 02 at 16:09
Member Since Jul 17, 2020 9 posts JagzFX (jagzuk) Feb 12 at 12:01

Mnegamand posted:
Why do you even had a big need in them? Care to explain this to me or not? I am totally want to understand your idea, people are doing all that manually basically and that’s it. I am trading for a very long time without that PAAM accounts already.

If you manage your own trades or algos, then this does not apply to you. However, if you are a signal-following then this might be useful

One of the factors in choosing between a signal and PAMM comes down to how much you are investing. For small investments (or expensive signals), the signal fees can eat up the profit of an account.

Here is a crude example:

Option 1: You invest $1000 in your own account.
You pay $30/mo for a signal.
In month 1 the account makes a 4% gain, so you are +$40 but you paid $30 for the signal, so you are left +$10.
In month 2 the account loses 1%. You are -$10 and you paid $30 for the signal, = -$40.
Over 2 months, despite the account being up 3% up, because of the signal fees you are 3% DOWN!

Option 2: Instead, you invest $1000 into a PAMM account.
There is no monthly signal fee. Instead, the manager gets a commission of 25% of the profits.
In month 1 the account makes 4%, you are up $40. the manager keeps $10 so you are up $30
In month 2 the account loses 1%, you are down $10, the manager gets nothing.
Over 2 months, you are still up $20 = 2% UP.

This is a crude example, there are further factors to consider, for example:

For PAMM you do not need to run any software, such as MT4/5, so you do not need to buy any algos, or pay for a VPS.
There is no issue with signal slippage, delayed trades, or other problems you can get with trade copying.
Many traders who provide signals also have a PAMM version of their account. It’s worth asking them if you can’t find it.

So, it comes down to doing the math and working out the best strategy for your own needs. I trade my own PAMM accounts and invest in the PAMM accounts of other traders. I also trade standard accounts.

Hope this helps someone.

Generate – Communicate – Elevate Member Since Feb 13, 2020 8 posts jordonjamesson Feb 13 at 14:12

nasrul_poyo posted:
1st, no martingale. Then, see the drawdown with trade age more than 6 months at least.

GAINSY PAMM Management

GAINSY PAMM Account service allows all the willing and experienced traders to open a Managed Account with GAINSY and start trading on the Forex market. At the same time you will be able to receive revenue from the Investors that have invested in the PAMM Account that you manage. GAINSY offers you to reach and stay on top of the wave of unlimited investments in case you are a professional and experienced surfer! Explore the Forex ocean world and then you will be able to lead your way at full steam to catch the high investment waves. Become GAINSY PAMM Account Managersurf towards the ocean of investments !

How to become a PAMM Account Manager?

Any trader who has a live Trading Account with GAINSY is able to open a Managed PAMM Account and become a Manager. You just have to log into your Personal Profile on GAINSY.COM and select settings, trading conditions and add new PAMM Account. In case you don’t have a live Trading account with GAINSY, then first you have to register with GAINSY and follow the above-mentioned procedure. Once created, your Account would be added to PAMM Rating list and would be shown to other traders and Investors, so that they could view your trading statistics and decide whether they want to invest their funds in it.

Advantages for Managers:

  • Risks distribution – all the positions opened on the Account managed by you, shall be distributed on a percentage basis in accordance with the Investors’ current balance ratio, each account bears the same risk level, regardless the Account size;
  • Security of your funds deposited in PAMM Account provided by the Company by using SSL-protection with highly secured technology for protection of financial transactions;
  • Unlimited number of Investors who can invest in your PAMM Account what increases your profit as a Manager in case your trading results are successful;
  • Opportunity to get income not only from trading, but you will also get interest that you specify by yourself while creating PAMM Account;
  • Possibility to set PAMM Account settings and trading conditions such as trading period, profit distribution and other significant terms at your sole discretion while you create new PAMM Account;
  • Automatic distribution of profits with no human intervention;
  • User-friendly and intuitive back-office which makes PAMM Account management much more easier for you;
  • Protection of your trading deals from copying by the third parties is conditioned by the fact that the Manager selects the frequency with which the information about the deals will be updated;
  • Opportunity to add as many PAMM Accounts as you wish to and select different trading conditions;
  • Opportunity to increase the number of PAMM Account Investors by leading Forex trading via different trading strategies;
  • Availability of Expert Advisor (EA) trading;
  • Opportunity to carry out Account management from any part of the globe connected to the Internet network;
  • Trading results performance that is displayed in PAMM Rating both to potential Investors, Managers and traders;
  • Broad range of various instruments helping you to acquire as many Investors to your Managed PAMM Account as possible: banners, logos, Forex analytics and many other Internet advertising materials on your request;
  • Opportunity to involve PAMM Partners into the acquisition process of Investors, who will invest their funds in account managed by you, so that your income would significantly increase;
  • Terms and conditions of GAINSY PAMM Account are fully compatible with GTP STP Account;
  • Twenty-four-hour support team and personal manager at your service on demand are always ready to provide you with the necessary help;
  • Easy-to-use process of funds deposit and withdrawal via bank wire transfers as well as such world most known payment systems as Visa/MasterCARD, CashU, Perfect Money, WebMoney, RBK Money etc.

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«The Best Broker of Europe» Award

Chinese Financial Industry Annual Award

  • Follow us on Google+

RISK WARNING: Foreign exchange trading carries high degree of risk. High leverage, low margin and changes in foreign exchange market can lead to considerable losses. The customer of GAINSY Company may lose all initial funds and any additional funds deposited to enhance or control the position in the market. You can lose your entire investment or more while leading foreign exchange trading, therefore you should never invest money that you cannot afford to lose. That is why, currency trading is suitable only for people who understand and allow the economical, legal and other risks associated with such dealings, and is able to withstand financial losses. Risk of loss associated with foreign exchange trading may be very considerable. The customer of GAINSY Company should carefully analyse his financial opportunities before deciding to trade foreign exchange.

Funds investing in PAMM Accounts and their further usage do not guarantee profitability. The Company provides its clients with PAMM Account service, but is not involved in the Offer and does not manage clients’ funds. Through PAMM Accounts the Company regulates interactions between Manager and Investors, which includes funds acceptance and return, PAMM Accounts monitoring, distribution of Manager’s and Investors’ funds.

Please, pay attention, the Company does not provide its services to the citizens of the U.S. and some other jurisdictions. Please, see Client Agreement for more information.

ATTENTION : Third-party logos and marks are registered trademarks of their respective owners.

How to open an account on the exchange. Demo account. PAMM account

Do you want to open :

  • A real account on the exchange for real trading?
  • A demo account for training?
  • A PAMM account for passive income?

In any case, to open an account you need to contact a broker.

In this article we will tell you:

  • How to open an account with a broker?
  • What you should pay attention to?
  • About a step-by-step instruction for opening an account.

Start to use ATAS absolutely free of charge! The first two weeks of use of the platform give access to its full functionality with 7-day history limit.

What you need a brokerage account for?

First you need to understand what you need a brokerage account for.

  • If you want to invest, to create a pension capital or make savings for your child’s education, select stock exchanges – Russian and foreign. Investors buy stock, bonds, ETF (Exchange Traded Fund) shares and other securities with low risk in the stock market. As a rule, investors are not intraday traders, they keep securities in their portfolios from several months to several years.
  • If you want to make money speculatively on fluctuations of the exchange rates of currencies, securities and derivatives, select the Russian or foreign markets of derivative financial instruments, for example, forward market. Traders buy and sell futures and options in the forward market. Active traders execute many trades during one trading session. Turnover of their accounts may exceed millions of roubles.

Do you want to open a MetaTrader account for trading in the off-exchange Forex market with the use of CFD (Contract For Difference)? This is the way where risks increase. Here’s an interview, in which one of our clients – a professional trader – explains why he stopped trading CFD and started to trade futures . You can find more information about CFD in this article .

Why you need a broker to open an account?

If a private person wants to trade on any exchange, he can do it through a broker only. Brokers are legal firms which provide intermediary services. They execute client orders, conduct training and analyze securities and currencies. We wrote about it in our article about the stock exchange structure .

Contacting a broker a private person can open a brokerage or Individual Investment Account (IIA). A trader can have a number of brokerage accounts but only one IIA.

What a PAMM account is?

PAMM (Percent Allocation Management Module) account is a special format of a trading account for the off-exchange Forex market.

Theoretically, it is a good idea to open a PAMM account . It is a simplified mechanism of the money trust management. At first sight everything looks simple:

  1. You select a trader with the highest profitability and rating;
  2. you deposit your funds to his account;
  3. he trades all deposited funds and gets a commission for his work.

But not all that glitters is gold. Forex companies, which provide services on opening PAMM accounts, are often registered offshore. And it will be quite difficult to protect your rights in case of disputes. These are non-trading risks, which you should take into account (we will speak about licensing in this sphere a bit later).

That is why it is more reasonable to open an account with access to an official exchange (MOEX, CME, Euronext and other) in order to increase chances for the resulting success on a long run.

How to select a broker?

So, you decided what you need a brokerage account for. Let’s discuss how to select a broker for opening an account .

There are several criteria for selecting a broker:

  • by licence availability;
  • by tariff plan and commissions;
  • by trading terminal and applications;
  • by minimal size of the start-up capital;
  • by operation of the support service.

Let’s consider in brief each criterion for opening an account with a broker.

By licence availability. Many Internet resources recommend to find out first whether a broker has a licence. We recommend you to select a broker directly on the exchange website and you will not need to check the licence and bother about it. We will give you links to the exchange websites and explain an approximate algorithm of actions.

By tariff plan and commissions . There could be many commissions:

  • for each trade;
  • for software for different markets;
  • subscription fee;
  • for transferring money in and out;
  • for depository storage of securities and others.

You need to find out what the maximum size of the commissions would be and compare it with your start-up capital. Let’s assume you selected a brokerage account with a monthly subscription fee of RUB 250, while your start-up capital is RUB 50,000. You will lose RUB 3,000 or 6% of your capital during one year just on the subscription fee. And this is still without exchange commissions and possible losses! With such a rate, your brokerage account will eat itself in 16.5 years without a single trade.

Here’s an example of commissions for Russian and American securities:

The broker’s commission is nearly 0.3% both for Russian and American instruments. An exchange commission and payment for depository storage of securities will also be written off your account. If you buy securities several times a year, such commissions will not reduce your account significantly, but if you trade every day, it might seem ‘exorbitantly’ expensive.

By trading terminal and applications. You need to select a terminal or application for trading and find out whether you need to pay for them. If you are an investor and do not plan to trade every day, perhaps, you do not need a terminal and an application would be sufficient. If you plan to become an active intraday trader instead, you would have to choose a trading terminal. Roughly, the most simple one is Quik, the most famous one is MetaTrader and the most efficient one is ATAS. Trading terminals could be free or otherwise.

By minimum size of the start-up capital. The minimum size of the start-up capital has an influence not only on what broker you can open an account with but also on what instruments and securities you would be able to trade. To buy American stocks and derivatives you would need several thousand or even dozens of thousands of dollars. To buy Russian stocks or derivatives you would need just several dozens of thousands or roubles.

By operation of the support service. It is important for beginner traders and investors to understand whom they may ask questions to and how fast they would receive answers. Moreover, if you have an open position without stops and the Internet suddenly took a leave, you will have to close the order by phone. It is better to check how fast the support service responds before you open an account.

Pay attention to:

  • whether the broker performs functions of a taxation agent or you would have to file a tax return and report about income from exchange trading independently;
  • whether there is a protection of investors and insurance coverage;
  • how fast the money could be transferred out;
  • how much you would need to pay to transfer the money out.

There are comparative tables of brokers in the Internet. Such tables simplify the initial selection but you need to visit the broker’s website and contact him to get more detailed information.

Step-by-step instruction

Now, after you have selected a broker, we will tell you about the next step – opening an account and transfer money in .

There are three ways to open a brokerage account:

  1. online;
  2. in the broker’s office;
  3. through sending the required documents by mail.

You can find lists of licensed brokers on official websites of exchanges. Many Russian brokers work in several markets, that is why they provide the Single Account service. You open one account but can trade on the Moscow Exchange, CME and NYSE. In spite of the fact that there is only one account, commissions for access to different exchanges could be different. Find out this information from your broker before opening a Single Account.

If you open an account on the Moscow Exchange or on the Saint-Petersburg Exchange , the algorithm of actions is the following:

  • you select a broker on the exchange website;
  • you contact the broker to specify all details we described above;
  • you sign a contract and open an account online or in the broker’s office;
  • you deposit your account through a banking transfer or a card;
  • you download software, install it and register your personal account;
  • you buy securities or trade derivatives.

You can buy not only Russian securities but also American stocks on the Saint-Petersburg Exchange. But the liquidity is much lower than on American exchanges. That is why some investors and traders prefer to open a trading account with a foreign broker.

If you open an account on CME , NYSE or NASDAQ , the algorithm would approximately be the following:

  • select a broker on the exchange website;
  • contact him by email or skype, since phone communication is expensive;
  • register your account with a consultant. You will need to have all necessary documents at hand – passport, residence permit, driver’s licence or lease agreement;
  • find out from the broker what price quotes you will be able to get;
  • get an accompanying letter from the broker for the money transfer;
  • print out the agreement, take the accompanying letter and go to the bank to transfer the money;
  • the transfer would take 3-5 days, which is more than a transfer to a Russian account;
  • buy securities or trade derivatives.

How to open a demo account

Brokers, as a rule, recommend to trade on the demo account before starting to put real money at risk. To open a demo account :

  1. register at the broker’s website;
  2. specify during registration that you want to trade on demo;
  3. download the trading platform;
  4. insert data (you will receive them by email) in the platform;
  5. and start.

You do not need to execute a contract and insert real data for trading on demo.

How to open a demo account

Try ATAS free of charge after you opened a brokerage account and became familiar with the exchange a bit. We prepared 19 instructions in our knowledge base for you to connect ATAS to your broker’s software.

Learn from this article why ATAS is better than MetaTrader.

There are video instructions on our YouTube OrderFlowTrading channel in the Settings for Connecting Accounts and Price Quotes section, for example, how to connect ATAS to Quik . You will find the cluster analysis, footprint and unique indicators, which will show you what takes place in the market inside a candle, in ATAS. What to work in the darkness for if you can turn on the light immediately.

Summary: how to open an account

Do everything step-by-step if you are a beginner. Trading on the exchange is a highly risky business. Apart from the fact that a trader himself can make mistakes, he also could be helped in making a mistake.

  • Do not try to trade on all exchanges with all instruments, which you find in the Internet, at once.
  • It’s quite probable that you forget to ask your broker about something or a commission you’ve never heard of will be written off your account.
  • Read the brokerage contract attentively.
  • Assess your emotional state when you open an account with a broker. Are you blindly chasing a fast and big profit promised by ads?

Be prepared to face the development of your business not in the way you expected. It shouldn’t seriously change your way of life. Mistakes increase your experience.

A journey of a thousand miles starts beneath one’s feet.

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