What is a PAMM account?
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A PAMM account (Percentage Allocation Money Management) is a type of pooled Forex money trading. The trader allocates a specific amount of money and selects a money manager to handle the investment. Multiple traders' accounts and their capital are managed collectively by a single PAMM account manager who handles the trading.
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MultiLP, as the trading broker, regulates this process by providing the trading platform and overseeing the contract between managers and traders. The contract includes the traders' consent for fund management through the account manager along with the agreement on performance fees based on the profits. The manager does not have access to all of the traders' funds but only to the percentage specified by the trader, without the ability to withdraw those funds.
PAMM Manager Account
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If you are an experienced trader, the PAMM Manager Account allows you to leverage your expertise. By managing less experienced traders' investments, you can earn significant income based on a performance fee you set, which depends on the profits achieved.