GO Markets Introduces PAMM Service
GO Markets has launched a PAMM (Percentage Allocation Management Module) to connect aspiring traders with experienced money managers.
- The PAMM platform offers a hands-off trading solution
- Investors share funds with a money manager who trades on their behalf
- The minimum deposit to access the PAMM Investor Account is $500
How PAMM Works
PAMM is a service that allows investors to assign a portion of their capital to seasoned traders. These money managers then trade the pooled funds.
Investors will pay a performance fee in the form of a percentage of any profits. The remaining balance is then returned to investors based on their share of the pooled funds.
Let’s assume that three traders contribute to the pool, alongside a fourth trader who is the money manager. The sum of all funds in the pool:
- Trader 1: $1000 (10%)
- Trader 2: $2000 (20%)
- Trader 3: $3000 (30%)
- Money Manager: $5000 (50%)
- Total: $10,000
Following the agreed trading term, the money manager makes a 25% profit ($2,500).
The money manager then takes a 10% performance fee from the profits ($250).
The remaining balance of $12,250 is then distributed back to the traders based on the percentage they contributed:
- Trader 1: $1,225 (10% of $12,250)
- Trader 2: $2,450 (20% of $12,250)
- Trader 3: $3,675 (30% of $12,250)
- Money Manager: $6,125 (50% of $12,250)
Note, the performance fee may vary and will be available, alongside any additional costs, upon sign-up.
To use the new PAMM service, sign into the GO Markets client portal. You can then register as a Money Manager or Investor.
Investors can choose Money Managers based on various metrics, including performance, trading style and risk.
Fund your PAMM Investor account with at least $500.
About GO Markets
GO Markets is an award-winning broker regulated by the ASIC, CySEC and FSC.
The ECN/STP broker offers 600+ instruments spanning 6 asset classes, including forex, stocks, indices, commodities and cryptocurrencies.
The customer support team are available 24/5 via live chat, telephone and email. Account managers are also on-hand to help new clients get started.