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Thread: Minimum Balance for PAMM accounts?

  1. #1
    wealthsecrets
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    Default Minimum Balance for PAMM accounts?

    Hello PAMM Dept,

    I looked through the forum and couldn't find any specific information on the requirements for opening a PAMM account. Please send me a link that shows the requirements. Thanks.

    My specific question at the moment is what is the minimum balance required to open a PAMM account for the manager and for the investors?

    Thanks,

    Mike

  2. #2
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    Please, take a look at our Knowledge base: http://crm.fxopen.com/KnowledgeBase/Content.ashx
    There you can find detailed description how our PAMM service works.
    If you have any further questions feel free to contact us.
    FXOpen
    PAMM

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    minimum initial balance for PAMM standard = 1000 USD..

    a) if first trading win 500 USD, will manager PAMM balance added automatically to 1500 USD ?

    b) if first trading loss 500 USD, is it possible manager PAMM balance decrease to 500USD ( < 1000 USD) ?

  4. #4
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    Quote Originally Posted by jemmy View Post
    minimum initial balance for PAMM standard = 1000 USD..

    a) if first trading win 500 USD, will manager PAMM balance added automatically to 1500 USD ?

    b) if first trading loss 500 USD, is it possible manager PAMM balance decrease to 500USD ( < 1000 USD) ?

    a) Manager's capital remains the same, and Manager's balance increases to 1500USD.

    b) Manager's capital remains 1000 USD, Manager's balance decreases to 500 USD.

    What is Manager's capital.
    FXOpen
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  5. #5
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    Quote Originally Posted by FXOpen Investments View Post

    a) Manager's capital remains the same, and Manager's balance increases to 1500USD.

    b) Manager's capital remains 1000 USD, Manager's balance decreases to 500 USD.

    What is Manager's capital.
    please give me detail the different between CAPITAL & BALANCE? what will be use as balance in trading terminal?

  6. #6
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    Hello, jemmy!
    please give me detail the different between CAPITAL & BALANCE? what will be use as balance in trading terminal?
    Manager's Capital is the money that a Manager has to deposit to start a PAMM Account. In other words, these are the Manager's public investments into his own PAMM account. In the course of trading, part of the PAMM Manager capital can be lost if the trading is not profitable. But the Manager can not withdraw Manager's Capital unless he wants to liquidate his PAMM account. But he can withdraw the profit over Manager's Capital.

    Manager's Balance - Manager's Capital + profit - loss. Manager's Balance is updated every rollover
    Last edited by FXSupporter; 05-17-2010 at 07:39 PM.

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    For the PAMM investors, is there any minimun balance for participating in PAMM project? or we can invest any amount into it?

  9. #8
    Elder Analyst ghprod's Avatar
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    Quote Originally Posted by janknoah View Post
    For the PAMM investors, is there any minimun balance for participating in PAMM project? or we can invest any amount into it?
    And how about penalty for minimum time for invest to trader?
    and minimum time for invest
    thank

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    Quote Originally Posted by janknoah View Post
    For the PAMM investors, is there any minimun balance for participating in PAMM project? or we can invest any amount into it?
    There is a parameter of the offer "Initial Investment". It defines the minimum amount of funds that can be invested by this offer.
    Please follow this link to know more about other the offer parameters: http://crm.fxopen.com/KnowledgeBase/...r%20parameters
    FXOpen
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    Quote Originally Posted by ghprod View Post
    And how about penalty for minimum time for invest to trader?
    and minimum time for invest
    thank
    We have provided a penalty for withdrawal of funds sooner than the next trading interval is over. But the manager not obligated specify it. Detailed specification of the offer are described here: http://crm.fxopen.com/KnowledgeBase/...r%20parameters
    FXOpen
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    The issues of penalty for early withdrawals doesn't really go down with me. In the bank if we deposit, we can withdraw anytime, so i expect same here

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    Quote Originally Posted by janknoah View Post
    The issues of penalty for early withdrawals doesn't really go down with me. In the bank if we deposit, we can withdraw anytime, so i expect same here
    Hi

    That are 2 different thing... PAMM account you are as investor or you invest to PAMM manager account to get return.
    Bank, you are deposit money not invest.
    Besides before you invest to PAMM manager account its already mention the condition you must meet.

    Thanks

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    Quote Originally Posted by janknoah View Post
    The issues of penalty for early withdrawals doesn't really go down with me. In the bank if we deposit, we can withdraw anytime, so i expect same here
    The OPTION to have an early withdrawal penalty is in there for managers who do not want unexpected changes in their available trading funds. It can mess up their strategies. PAMM managers are not required to have an early withdrawal penalty, but it is there for those who wish to use it.
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

  15. #14
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    Quote Originally Posted by janknoah View Post
    The issues of penalty for early withdrawals doesn't really go down with me. In the bank if we deposit, we can withdraw anytime, so i expect same here
    Usually each PAMM account has several criteria about minimum time for invest, also they apply some penalty fee if you WD before the time ..

  16. #15
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    But it must. Not be so. I think the PAMM rules should be review to favour everyone. Let it be a win win deal always

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