AMarkets PAMM accounts: instructions for use
The financial market is a place with unlimited possibilities. Everyone can apply their experience here and achieve success. But practice shows that accessibility and great potential are not always a guarantee of profitability and material stability. Your experience comes at the cost of your time, trial and error, and missed opportunities. And even if you achieve a stable income, trading on the exchange market is not always what you really want to do.
For many who want to be involved in stock trading and profit from it, but do not trade on their own, there is a good solution. It unites investors with capital with traders who are ready to invest time and effort in the exchange trade. For a person with limited time and a desire to understand the specifics of stock trading the optimal solution is investments in PAMM accounts.
The value of this service is that anyone can invest funds under the management of a professional trader, who demonstrates the real results of his trade. It is not even necessary to have tens of thousands of dollars on the account. The investor has a huge selection of managers, trade statistics are available in full for analysis. In other words, you can enter into partnership with the managers who aspire to achieve stable and profitable results of their trade, because their success attracts new investments, and therefore greater profits.
Today, there are more than enough brokerage companies that offer PAMM-accounts. Many investors choose the broker AMarkets.
History of AMarkets
In 2015, the company rebranded itself and became known as AMarkets. It has been in existence since 2007 and was originally called AForex. Since its opening, the broker specialized in providing exclusively services. Later the list was supplemented with the service of copying trades, and already in 2013 the service of PAMM-accounts was launched.
Like many brokers, the company has many awards and their number is updated every year. By today, AMarkets offers many tradable instruments, there is access to commodity markets, futures and CFD. There are several trading platforms for traders, a developed service of PAMM-accounts, as well as a portfolio constructor.
The company is registered in the British Virgin Islands offshore zone, is regulated by the CSFIN and is a member of the regulator Financial Commission. The latter, it should be recalled, guarantees insurance of trading accounts up to $10 000.
PAMM accounts from AMarkets
What are PAMM accounts? And how is this service integrated in the AMarkets broker? First of all, PAMM is an investment tool for small capital.
An experienced trader opens a manager's trading account with a broker. All the tools and ratings necessary for analysis are available on the company's website, the system is automated and does not cause any difficulties. All of the trader's trading results are available in real time and are open for analysis by investors.
Each investor can invest in any manager. For this purpose, an offer is concluded, where the terms of the trader's remuneration are spelled out. The investor and the manager equally bear the risks, in proportion to the volume of invested funds, and participate in the distribution of profits according to the terms of the offer. It is important to note that this form of investment is transparent, and any transaction can be analyzed for fraud.
Let's look at a clear example
The investor decides to invest in the chosen PAMM account. The amount of investment is 5 000 USD. The manager, trading on his account, achieves a profit of 10% within the next month. The absolute profit is 500 USD.
If the manager specifies in the proposal for a monthly distribution of profits and management fee percentage of 20%, then at the end of the month the investor receives 80% of the profits. In our example, this is plus 400 USD to the invested amount.
It is extremely important to say that there is a flip side of the coin, when there can be losses. In such a scenario, the investor can withdraw funds from management, but he covers the losses from his own pocket in full.
Amarket's PAMM platform has a sufficient number of managers available for investment. Some have been successfully trading since the very beginning of the service.
Rating of PAMM accounts
On the page of the PAMM managers rating the whole list of accounts for investment is available. At the top of the table you can see the selection criteria for managers' strategies. The broker has its own rating system T-score, where you can select the most stable accounts from the point of view of the company. If you want to rely only on your own experience, it is possible to use other metrics, such as "Trading period" or "Profitability per month". In general, the analysis system is quite informative and user-friendly.
Choosing a PAMM account for investment
Selecting any of the managers, we get to a separate page with detailed information on the selected PAMM account. We will not give preference to any of the accounts, and choose the first of the list of rating.
There are three charts available for the investor:
- yield,
- drawdown,
- leverage.
In the upper right side you can download any of the charts. Below the chart, a selection of trading intervals is available. There is a choice of fixed intervals, as well as an option to select an individual trading period.
If you have already invested in a PAMM account, it becomes information on current positions is available, and the entire history of manager's trades on the trading account. As we mentioned above, this is extremely important data for detailed analysis and credibility of real trading.
This is followed by profitability indicators. The investor has a wide choice of account performance indicators. Also the information concerning the manager's offer, where individual conditions for investment are spelled out, is available.
The specifics of AMarkets PAMM accounts are as follows:
- Minimum investment in PAMM from 100 USD
- The minimum capital of the manager from 300 USD
- Profit to the manager is distributed once every 30 days
- There is a possibility of early withdrawal of funds
- Managers' Commission to 50%
Of the advantages of the company's service can be listed as follows:
- Investment and withdrawal of funds is possible instantly.
- Funds remain in your investment account.
- There are no restrictions on profitability.
- Monitoring of the manager is available in real time.
If you want to become a PAMM-partner, at the very bottom there is detailed information about cooperation. There you can also start the investment procedure.
PAMM portfolios from AMarkets
For advanced investment opportunities, you have the option of forming a portfolio. Investor portfolio consists of several manager accounts. In this case, your capital is allocated to each PAMM account.
Of course, you will need to study not just one, but a whole group of accounts. The investment threshold will depend on the number of accounts in the portfolio. But the prospects justify the effort, and the risk of making a loss on one account can be compensated by the profits of other accounts.
This is a very strong risk diversification tool available to Amarkets investors.
How the PAMM-constructor works
PAMM-constructor - is another innovation for the company's clients. The tool is designed to use several managing accounts in the process of managing your investments. You can add several PAMM accounts and rebalance your portfolio, while getting overall detailed statistics.
You can start forming a portfolio in your personal cabinet. The process consists of three steps.
- You need to select managers from the proposed rating. To do this, click on the "+" sign of the corresponding manager.
- You set the risk management settings. You can allocate a portion of your account's capital to each selected strategy or distribute capital evenly. It all depends on your preferences and investment expectations. Note, however, that the degree of risk you select affects the equity allocation. The lower the risk level, the higher the share of the total capital will be allocated to the manager's account.
- Next, you need to set your acceptable level of loss as a percentage, the amount invested and the name of the portfolio.
Other PAMM-platforms
AMarkets offers a unique opportunity to transfer your PAMM accounts from another platform to the Amarkets platform. If you are an effective manager and want to expand the potential coverage area of investors, the broker is easy to meet you.
You can export all the statistics of your trading account from another company, which will give you the opportunity to demonstrate the results to investors in Amarkets. The company's specialists will check the detailed reporting of your account and, if the indicators are reliable, will give you access to the internal site. This is probably not a bad way to raise new capital.
To do this, you need to fill out an application and, after verification, the company will publish your information.
Below are the benefits for managers on the AMarkets platform.
How to invest?
To start the investment process you need to open an investment account and make a deposit of at least 100 USD.
The registration procedure consists of three steps:
- Entering the first name, last name, e-mail and phone number
- You need to enter your passport data
- Personal information and your investment experience
- Select the type of service
- Choose a password
- In the last step you can enter a promo code
After registering, you can log into your personal cabinet and select a manager. Go to the account rating section, select the desired account and click "Invest" at the bottom of the screen. In our opinion, the procedure is extremely simple.
Below are the main advantages of investing in AMarkets.
Deposit and withdrawal
The broker offers many popular deposit and withdrawal methods. Almost all Internet banking options are available. You can use WebMoney, Yandex.Money and other systems.
If you need to refill your account by Visa, MasterCard or bank transfer, Amarkets will cover the full cost of the transaction fee if you work with individual banks.
Withdrawals can be made within 1-5 business days depending on the payment system. For example, a currency transfer to a bank account will take up to 5 days, and you can withdraw an unlimited amount from your investment account. In this case, the minimum commission will be from 10 USD.
In the case of electronic payments WebMoney commission is 0.8%. Funds are withdrawn instantly, and the maximum withdrawal amount is 2 500 USD.
It is important to say that you cannot withdraw funds to any other account that does not belong to you. The withdrawal is made from your personal account.
To summarize
Observing the dynamics of AMarkets' development, we can say that the proposed format and the quality of services arouse great interest of both traders and investors. The development of its own PAMM-platform has given a new impetus to the broker's development. AMarkets is among the leaders among brokers in Russia and the CIS.
The openness and publicity of the company's management allows us to judge the broker's desire to provide the most transparent services to its clients.
As for technical support, in addition to the classic channels of communication, the company interacts with its customers on many forums, including ours. Disputable situations and contradictions are discussed. In this, managers and investors can be satisfied.
In general, the service of PAMM-accounts from AMarkets causes loyalty and trust. The quality of services and focus on the needs of clients is improving. One can find a lot of positive feedback about the company on the web.
Useful Links
Other articles about investments
- What PAMM services should NOT be trusted? 5 PAMMs I don't invest in
- Investing in PAMM accounts in practice: creating a portfolio on 500$