Are you new to Forex and other Forex related Investments but want to make money right away
but don't know how to? If yes, this post is for you. We will be reviewing the
best PAMM accounts investments across different regulated brokers. Some of my best brokers with whom I have Live accounts with have been reviewed via this link
Kindly note: Though the links below are
referral links attached to my account, I have no affiliation whatsoever
with the fund managers. The criterion used to select these accounts are based
on Performance,
- Investor funds safety,
- Steady returns, '
- Volatility of investment(fluctuation of profit/loss),
- Maximum loss incurred in a space of time etc
Also Opening an account with a broker requires a valid
Identification card (Driving license, National ID,)and Proof of Address
(Utility bill, or statement of account)
OPEN AN ACCOUNT WITH FX-OPEN BROKER PROCEDURE
- Click Join, if you have an account you will be asked to select an investment account(Open one if you don't have)
- If you don't have an account with FX Open you will have to open one
- Select the Investment account to start following. if you have any challenge you can ask the an agent on the live chat
OPEN AN ACCOUNT WITH ALPARI BROKER PROCEDURE
- once you have opened the link click on Investfunds
- If you have an account you will be asked to select an deposit funds (if you don't open one)
PAMM accounts were introduced back then 2008 by Alpari
according to Wikipedia.
PAMM stands for percent allocation money management. This
system allows Investors to pool their funds together under a particular
trader.
So Lets say trader(investor D) manages
Fund X with Alpari where he invests $50,000 and charges 20% commission,
and an four investors Investor A, B C invests $30,000, $5,000, $15,000.(Total
pool =$100,000) upon making a profit of 12,500(That is 12.5%). He will
receive $2500 as commission which will be added to his own fund ($50,000),
the remaining profit $10,000 will then be distributed to the investors
according to their percentage contribution to the fund.
So Investor A gets =$3,000 (30% of $10,000).
based on the $30,000 (30% of $100,000) his total share becomes $33,000 until
the next profit period usually a month.
Investor B gets =$500. based on the $5,000
based on his 5% contribution. His New Total = $5,500
Investor C gets =$1,500. based on the $15,000
based on his 15% contribution His New Total =$16,500
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| Forex PAMM accounts cashflow example |
Advantages of PAMM accounts
Disadvantages of PAMM accounts
Having explained what PAMM is all about, the following
are the best accounts I reviewed and their strong points. Traditional rating is
just based on returns however I do not use this criteria for the following
reasons.
Many traders pushed their initial returns by opening very
large positions (taking large risks on the account), thus they were able to
make large profits Thus if one should calculate based on just returns The
average returns will be skewed and will not not represent the average profit to
expect on the long run.
Many of the the high return strategies are very risky
their long term survival is questionable.
Because of their high risk, You cannot expect steady
returns on your capital as the whole portfolio fluctuates frequently and in
large proportions.
If the returns are not steady you will not be able to
plan your finance.
The following are the best PAMM accounts with Alpari
Brokerage company. YOU CAN LEARN HOW TO INVEST IN ONE HERE
- Cobalt
This account is my favorite, the equity curve is steady. the returns per month are great. You should expect to get nice profits for a couple of months and a bad month. The metrics are great however the trader uses recovery techniques that involves multiplier of lots(volume) when he is in a loosing position.
Quick Summary
Quick Summary
The minimum deposit for this accounts is $100.
Age 1 yr 7 mth
Age 1 yr 7 mth
Return to date 873.1%
Return per month 9.4%
Pros
Maximum Drawdown 31.44%
Maximum Daily Profit 33.74%
Maximum Daily Loss 12.05%
Cons
Compensation 30%
High fluctuation in returns
High risks
update: Febuary 2018 This PAMM investment has not been steady as i would have loved but it is still trending well
update: Febuary 2018 This PAMM investment has not been steady as i would have loved but it is still trending well
2. Phantom Fx
This PAMM is quite stable, returns are more consistent. It also appears to use some form of recovery however it is not as dangerous as a martingale. its return per month is above the average for most PAMM. You can expect a positive equity float frequently.
Quick Summary
The minimum deposit for these accounts is $100.
Age 1 yr 8 mth
Return to date 178%
Return per month 6.4%
Pros
Maximum Drawdown 22.51%
Maximum Daily Profit 16.15%
Maximum Daily Loss 14.77%
Steady profit
Great monthly returns
Cons
Compensation 35%
Account age is quite young to ascertain sustainability
update: Febuary 2018 This PAMM started taking a lot of unneccesary risks that turned it to a bad investment choice
update: Febuary 2018 This PAMM started taking a lot of unneccesary risks that turned it to a bad investment choice
3. Fx10
The manager of this account have been able to stabilize the equity of this account in the last seven months. returns are steady. The manager also have been in the market long time enough to ensure some level of confidence in the return steady return. Trades are not that frequent. What one may not like with this PAMM is that trades are often not as frequent as some people may want.
Quick Summary
The minimum deposit for this accounts is $100.
Quick Summary
The minimum deposit for this accounts is $100.
Age 2 yrs
7 mth
Return Till date 95.9%
Return per month 1.8%
Pros
Maximum Drawdown 14.23%
Maximum Daily Profit 10.17%
Maximum Daily Loss 4.59%
Cons
May have loosing months
Significant fluctuations in returns
Compensation 50%
4.Makrofx
This trade have been able to master his techniques in loss recovery. The account is very old and has passed many price crashes that ruined even brokers including but not limited to the Swiss bank Euro incident of January 15, 2015 and the recently BreExit of June 2016. The returns are steady and the manager has a sizable amount of investment in the PAMM also. This will ensure his commitment to profitability.
Quick Summary
The minimum deposit for this accounts is $100.
This trade have been able to master his techniques in loss recovery. The account is very old and has passed many price crashes that ruined even brokers including but not limited to the Swiss bank Euro incident of January 15, 2015 and the recently BreExit of June 2016. The returns are steady and the manager has a sizable amount of investment in the PAMM also. This will ensure his commitment to profitability.
Quick Summary
The minimum deposit for this accounts is $100.
Age 4 yrs 5 mth
Return to date 301.7%
Return per month 1.6%
Pros
Maximum Drawdown 24.23%
Maximum Daily Profit 15.83%
Maximum Daily Loss 10.02%
Steady profit
Cons
Returns per month may is quite small
Compensation 30%
update: Febuary 2018 This PAMM started taking a lot of unneccesary risks that turned it to a bad investment choice
High Risk and High Returns
PAMM with ALPARI
1. TsapaF
This the return of this account is really smooth and nice. it is still very young but it is showing great promise of amazing returns. This is one to try if you have appetite for risk or watch if you have interest but are not sure if will profitable on the long run.
Quick Summary
The minimum deposit for this accounts is $100.
This the return of this account is really smooth and nice. it is still very young but it is showing great promise of amazing returns. This is one to try if you have appetite for risk or watch if you have interest but are not sure if will profitable on the long run.
Quick Summary
The minimum deposit for this accounts is $100.
Age 8 mth 29 days
Return to date 337.5%
Return per month 20.9%
Pros
Maximum Daily Profit 35.04%
Cons
Compensation 44%
High fluctuation in returns
High Risks
Maximum Daily Loss 17.24%
Maximum Drawdown 40.97% update: Febuary 2018 This PAMM made a new low in drawdown reaching a percentage of 66%. Should the manager continue to allow such drawdown a total loss may be inevitable
2. Lucky Pound
This PAMM tops as the best PAMM account based on Alpari ranking. It has been consistent and has posted remarkable returns in recent times. If you trust their judgement and can cope with the drawdowns then you should have no problem investing in this account.
This PAMM tops as the best PAMM account based on Alpari ranking. It has been consistent and has posted remarkable returns in recent times. If you trust their judgement and can cope with the drawdowns then you should have no problem investing in this account.
Quick Summary
The minimum deposit for this accounts is $100.
Age 3 yrs 3 mth
Return to date 2,092%
Return per month 31.9%
Pros
Maximum Daily Profit 24.75%
Cons
Maximum Drawdown 41.13%
Compensation 40%
High fluctuation in returns
High Risks
Maximum Daily Loss 17.17%
PAMM ACCOUNTS WITH FXOPEN BROKER
1.AsmodeuxUSD
This Investment's equity and return undergoes frequent fluctuations. It has been able to be profitable for quite a long time. The major challenge you must expect for this account is the months where you will have a negative returns. The Trading pattern does involve some form of recovery trades but doesn't look like a continual doubling of lots. A strong point to note with this account is a very nice Risk:Reward ratio if 1:2.
Quick Summary
The minimum deposit for these accounts is $100.
Age 374
Return to date
64.76%
Return per month 5.18%
update: Febuary 2018 This PAMM account have been trending profitably really nicely
update: Febuary 2018 This PAMM account have been trending profitably really nicely
Pros
Average Win: 175
points / 1.75 USD
Average Loss: -78.7
points / -0.79 USD
Max Drawdown: 33.1%
Max Daily Gain: 19.84%
Max Daily Loss: 7%
Cons
Commission 33%
High Risk and High Returns
PAMM with FX OPEN
1.GhostMan
This PAMM investment has been posting steady profits for some time. The manager also has a myfxbook account. The equity is very stable and shows an accelerating equity growth. it has been around for six months that is quite young as compared to others. Its trades has a 76% accuracy and a Risk:Reward Ratio of 1:1. It currently sits on the 13th position on Fxopen PAMM ranking. Though it is classified as a high risk PAMM the performance is one you just cannot ignore.
Quick Summary
The minimum deposit for these accounts is $100.
Age 112
Return to date
313.2%
Return per month 9.87%
Pros
Average Win: 288
points / 6.69 EUR
Average Loss: -132
points / -7.65 EUR
Max Drawdown: 29.46%
Max Daily Gain: 34.25%
Steady returns
Cons
Commission 25%
High risk
Max Daily Loss: 24.27%
update: Febuary 2018 This PAMM started taking a lot of unneccesary risks that turned it to a bad investment choice
update: Febuary 2018 This PAMM started taking a lot of unneccesary risks that turned it to a bad investment choice
2.Bull Dozer
This PAMM also has a nice Risk:Reward ratio of 1;1.6. The manager also has a myfxbook account to track performance and an account with myfxbook AutoTrade platform. Though it is classified as a high risk PAMM the performance in money management has been admirable so far.
Quick Summary
The minimum deposit for these accounts is $100.
Age 43
Return to date
474.97%
Return per month 5.21%
Pros
Average Win: 125
points / 43.8 USD
Average Loss: -78.5
points / -39.8 USD
Max Drawdown: 43.51%
Max Daily Gain: 33.8%
Cons
Commission 25
High risk
Large fluctuations in returns
Max Daily Loss: 21.23%
Can have loosing months
update: Febuary 2018 This PAMM have been having a tough time for the last-5 months. But it is still a good investment
update: Febuary 2018 This PAMM have been having a tough time for the last-5 months. But it is still a good investment
Conclusion
My
best picks are Colbat for Alpari and Ghostman for FXOpen.
Recommendation is to invest the largest in your best and then in as many
as you can to diversify risk and returns. If you have checked These accounts and not found any that you like you may want to check and select one for your self on Alpari PAMM Account Ratings or FX-Open PAMM Account Ratings.
EDIT (24/11/2017)
EDIT (23/02/2018)
EDIT (24/11/2017)
- Alpari's TSPAF has been performing impressively
EDIT (23/02/2018)
- Alpari's TSPAF has been performing impressively however it took a new low in drawdown that really made realize it may not be that safe on the long run. It netted me 30% though in barely 3 months. that is just great. The 66% floating loss (Drawdown) made me remove my money though. As that risk is more than I could tolerate. See the image below
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| My alpari 100 PAMM account return from TSAPAF |
I consider the one here safer Scalptik and would continuously be safe as long as they Manager do not start taking all those mad risks that others take.
=====Stay tuned for more recommended PAMM===
=====Stay tuned for more recommended PAMM===
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