PAMM from STForex: instructions for use
Young enough STForex provides services for trading in the market since 2014. Despite little practical experience, judging by the reviews on the Internet, the company has a good reputation among traders. Indeed, judging by the broker's products and services, one can notice how the company tries to apply its vision to the already established in the industry notion of the level of services provided.
The broker works on STP technology, which means you can expect low floating spreads. Nevertheless, the commission offered by the broker is not the smallest on the market. The main investment service of the company, the PAMM-accounts service, has a rather unique design and allows you to register both as an investor and as a trader, managing the account.
PAMM account registration
To register a new account from the home page, go to "My Account".
This will open a form to log in to the Client Cabinet. We need to register a new account.
Next, enter the cell phone number. Important: make sure that you enter a real number, because at the next step you will need to verify it, that is, get an SMS with a code and enter it in the form.
Enter the code and click "Confirm". If you don't receive an SMS, send the code again. To do this, click on the link below.
After entering the code, the second stage of registration begins. Here you need to specify your email address, first name data, last name, the displayed name on the forum and the data on the place of residence.
Then we go directly to the personal cabinet. First of all, we are interested in the "Investing" section.
Become an investor of the PAMM service from STForex is not difficult at all. Just click on the appropriate item in the menu, and you will see a full table of managers. To invest your funds, click on the "Invest" button in front of the account name.
Here you will be offered to choose the offer and the amount of investment. Also, it is necessary to agree with regulations of rendered services (you can download a copy of the document). To continue, click "Open and fund the investor's account".
After that the window with the methods of deposit opens. Available replenishment by bank card, WebMoney, QIWI, PerfectMoney and Yandex.Money.
PAMM account registration for a trustee
The process of opening an account for a trader wishing to become a PAMM manager in STForex will be in general similar, but the trader will also need to go through verification process.
PAMM managers rating
Design STForex PAMM service is simple and very ascetic. You can immediately sort managers by account name (1). Under the "Settings" spoiler there is a panel of filters (2): account age, manager's equity, period for the returns displayed in the rating, filter by total return, filter by maximum drawdown and total portfolio size. From the table itself (3) you can also learn about the remuneration offered by the trader.
When you click on the name of the account a page with detailed statistics on this PAMM-project opens.
- Here we can learn about the basic parameters of the account and trading strategy, its age and the minimum conditions for investment.
- The next part displays a chart of the account's profitability. By default, the profitability is shown as a percentage, but on the adjacent tabs you can also see the balance and equity graph, the absolute profit graph, the drawdown graph, the distribution of trades by instrument and statistics on the duration of trades.
- The next block displays more detailed information, by which you can evaluate the profitability of the used strategy. A useful feature of the service is that you can set the percentage values of stop-loss and Take ProfitThe amount of the investment will be automatically withdrawn when it is reached.
- The very bottom block shows the history of transactions on the account.
I must say that in the PAMM service from STForex, despite its short existence, quite a lot of trust managers with different trading strategies, which makes it possible to organize a good investment portfolio.