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Have you been looking for a way to make a quick profit? Always wanted to try yourself in the world financial market, but you do not physically have enough time to study and practice this difficult job? Thanks to the newly appeared PAMM Forex accounts, you now have the opportunity to get income without directly participating in the actual trading on the Forex market.
PAMM account (Percent Allocation Management Module, PAMM) is an investment service offered by some Forex brokers. It allows you to invest in Forex PAMM accounts of more experienced traders. Thus you trust your capital to the Forex expert (the PAMM account manager), who in his turn will perform the trading operations.
Trading on the PAMM accounts is done the following way: a few traders (investors) choose an authorized manager (an experienced trader who publishes the statistical information of his transactions). Traders invest their capital on a special account, offered by the PAMM broker, which then is used by the manager. The profit from the manager’s transactions is automatically distributed among the traders, depending on the size of their investment.
The monitoring of the Forex PAMM accounts
PAMM accounts’ advantage lies in the fact that they are completely transparent. This means that you can see all trades performed by the manager. You can also withdraw your investments at any moment you like.
Moreover, the manager is not allowed to withdraw any funds from the PAMM account, which reduces the risk of losing your money.
How to choose the best PAMM account?
In this section of our site you can find the list of PAMM Forex brokers.
The information about how to invest in PAMM accounts can be found on the website of your Forex broker. We would like to remind you that PAMM Forex account is a good way to make big profit, and thus, the selection of the best PAMM Forex brokers requires your utmost attention. Before settling on a particular broker, we strongly recommend finding the reviews about the offered PAMM accounts and, if possible, their rating.