FOREX * PAMM

managed forex accounts

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FAQ


What is a PAMM?

The Percent Allocation Management Module (PAMM) is a technical solution provided by brokers and allowing clients to have their accounts managed by a trader appointed by them on the basis of a limited trading power of attorney. PAMM solution allows the trader on one trading platform to manage simultaneously unlimited quantity of managed accounts. Depending on the size of the deposit each managed account has its own ratio in PAMM. Trader's activity results (trades, profit and loss) are allocated between managed accounts according to the ratio.

Example of trade allocation:

Lets assume that there are 3 managed accounts under trader's management:
  1. USD account with deposit of $ 100.000 and ratio 9,3%;
  2. EUR account with deposit of € 400.000 and ratio 49,5%;
  3. GBP account with deposit of £ 300.000 and ratio 41,2%;
Depending on funded amounts different ratios are applied for managed account (for ratio calculation all amounts are converted in USD equivalent based on market rate).
 
In case if, for example, Trader/Money Manager decides to BUY 10 mio EURUSD, PAMM allocates the order between managed accounts according to its ratio. Each managed account has its own part of position and corresponding Profit & Loss. In current example the first managed account will get position LONG 930.000 EUR/USD, the second - LONG 4.950.000 EUR/USD and the third - LONG 4.120.000 EUR/USD. Resulting profit & loss will be automatically calculated for each account depending on market prices. 

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In what currency can I fund my account?

Can I fund my account by cheque or credit card?

It depends on your broker, see the table below:

Broker Currency of PAMM account Funding / withdrawal facilities
Wire transfer Credit card Cheque
FXDD USD
Dukascopy USD, EUR, CAD, JPY, CHF, AUD, GBP - -

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How to open a managed account with FXDD Malta?

  


Attention! Managed accounts at FXDD Malta can't be open by citizents and/or tax residents of the USA.

Fill in this online form

  • Type of account:  REGULAR
  • Preffered trading platform:  METATRADER4
  • "Will any person or entity have control over or manage the trading account?":  YES
  • Trading Agent:  OLEXANDR TOPCHYLO

Please contact us after filling the online application form on the broker's site.

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How to open a managed account with Dukascopy Bank?

  


Attention! Managed accounts at Dukascopy can't be open by citizents and/or tax residents of the USA.

Please contact us for detailed instructions.

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Can I open a managed account with other broker?

Our trading system is implemented as a computer program for MetaTrader4 platform so that it can be run at hundreds brokers which use this platform. If you have an account with such a broker and your deposit exceeds 50K, we can manage your account there.

Accounts with 50K+ deposit can be traded individually. The investors can choose lower or higher risks in comparison with PAMM accounts.

Also we can rewrite our program for any other trading platform with API (Application Program Interface). Of course, it may take some time.

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High risk warning
FOREX IS A HIGH RISK INVESTMENT. Trading in the foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals. The high degree of leverage offered in the Forex markets can work against you as well as for you. Before deciding to trade in the foreign exchange markets you should carefully consider your investment objectives, your level of experience, and your risk appetite. The possibility exists that you could sustain a loss of some or all of your equity and therefore you should not invest money that you cannot afford to lose. Only true discretionary cash should be used in trading. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
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