PAMM — (Percentage Allocation Master Module) is a technology allowing a client (Follower) to follow a trading strategy of another client (Master). Master operates his/her personal funds through the PAMM, and by the use of PAMM technology the Master’s trading strategy is replicated on the Follower’s account.
The funds allocated for PAMM trading remain on the Master’s or the Follower’s trading account, but are segregated from the other funds and cannot be used for trading or any purposes other than PAMM. This virtual merging of the Master’s and the Follower’s funds allows identical trading conditions to be applied to all PAMM participants.
Forex PAMM account is beneficial for Followers because they can benefit from Forex trading without having to do in-depth market research, trade and monitor positions themselves.
Forex PAMM is beneficial for Masters because they can trade funds many times larger than their own capital and receive a guaranteed fee for doing so. FXOpen PAMM technology is designed in such a way that both Masters and Followers are protected from non-trading risks on each other’s part.