Are you looking for a PAMM Forex Broker because you do not necessarily have the knowledge or funds to trade forex yourself, but still would like to make a profit?
We can help you.
The key thing you should look out for is a trustworthy broker, one that has a good reputation, is regulated by a respected financial regulator and offers you a good amount of control over your funds when you want it as well as transparency.
Starting from the basics, PAMM stands for Percentage Allocation Money Management, and as the name would suggest, this is a type of managed account.
With the PAMM account, very simply, you make the deposit to your account as a trader, and this money and investment is then taken care of by a fund manager who will make the trades on your behalf with the hope of being profitable.
This is not done in isolation and your account could be one of hundreds of accounts managed within the operation. Profits and losses are then distributed equally according to the amount that you have invested from your account. All of these actions are completed by an assigned account manager and full transparency of operation to make sure you can see exactly what is going on.
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