FXOpen, the broker which only recently launched the ECN PAMM service, has announced that the results are now live and available to the general public.
(PRWEB) January 28, 2010 – FXOpen Investments Inc., one of the world’s largest brokers and a worldwide leader in Metatrader Technology, has just announced the release of another exciting feature – public access to the results of the FXOpen’s Money Managers’ trading PAMM accounts via the following link: http://www.fxopen.com/Pamm/List.aspx.
The PAMM system has undergone beta testing over the past 3 months and has now been released to the general public.
FXOpen’s innovative PAMM Solution allows Money Managers to easily display their trading results and to have access to a large group of clients (FXOpen boasts more than 217,000 live accounts) whilst keeping the highest standards of security and transparency.
PAMM (the Percentage Allocation Management Module) is a technical solution which automates profit and loss distribution, eliminates human error and allows Money Managers to manage multiple Investors’ accounts via one centralized MT4 interface. Up until now, Money Managers had to trade using multiple copies of MT4, which limited the number of clients they could service, decreased the effectiveness of their trading and reduced their profits. With FXOpen PAMM Service, the Manager can organize an unlimited number of clients altogether in one MT4 terminal.
For Money Managers, PAMM Backend allows multiple offers to be set up for clients showing the different rates for Management fees, performance fees, minimum investment amounts, minimum balances, withdrawal penalties, etc. Such flexible parameters allow Managers to offer different options to investors with various amounts of capital.
For Investors, the PAMM Interface enables Money Managers’ performances to be monitored in real-time. Actual profitability can be gauged based on changes in equity (profit / loss / drawdown) rather than changes in account balances.
This is a very secure system for both the Investor and the Money Manager, with a secure back-end that automatically takes care of management fees and profit shares and ensures that all the conditions agreed upon in the Money Manager’s offer are adhered to in full. It is a very straightforward system.
For information on how to use FXOpen’s PAMM Accounts, please visit: http://www.fxopen.com/Pamm/List.aspx
