Through PAMM Account Withdrawal Limit, subscriber losses can be anticipated from the start. Here is the mechanism.
The PAMM Service is a smart solution that open opportunity for everyone to gaining profit in forex. The mechanism allows the Master account to manage one or more Followers' accounts. It also helps to automatize profit/loss distribution. Master operates his/her personal funds through a given PAMM Account, and his/her trading strategy is copying on the Followers' own funds.
PAMM Account performance can be monitored and analyzed with the help of advanced analytics that provides information in digital and graphic forms. PAMM Service guarantees exact and instantaneous copying of trades on Follower’s funds.
To improve services for its investors, FXOpen introduced a new feature of its PAMM service, namely PAMM Account Drawdown Limit. With the drawdown limit feature, the risk of loss borne by investors is more limited.
How the PAMM Account Drawdown Limit Works
This risk management feature of FXOpen involves 3 parties, namely provider, subscriber, and company. First, the provider specifies the maximum allowable drawdown of a PAMM account. Furthermore, the company will monitor the drawdown 24 hours a day. If the PAMM account exceeds the drawdown limit, the Subscribers' funds will be revoked.
This update will help organize a professional collaboration between the Provider and the Customer, as well as create more comfortable conditions for users of the PAMM service. FXOpen Forex PAMM account is created in such an innovative way that Masters and Followers are protected from non-trading risks on each other's part.
For more information about FXOpen trading conditions and offers, check the review page here.