FXOpen PAMM account service is a great choice for both beginners and professional traders to make money, here is everything you need to know。

PAMM (Percentage Allocation Management Module) account is an excellent solution for both beginners and expert traders。The former can use the PAMM account to make a profit without having to participate in the market themselves, while the latter can generate additional revenue through a sharing strategy。

FXOpen is one of the top brokers that allows traders to benefit from PAMM accounts as masters or followers。

A master is a professional trader who is willing to offer his strategy to other traders to follow orders.。In return, they will receive a fee and their share of the profits from using the strategy。

Meanwhile, the term "follower" is used to describe a trader who follows and follows a master trading strategy to make a profit without having to make any actual trades on their own.。

FXOpen's PAMM service is really worth trying for masters and followers。First, it allows followers to profit from a variety of attractive offers created by some of the best performing masters on the platform。For masters, they can easily decide their own parameters, including the performance fee for trading (up to 100%) and the percentage of master commission (up to 100%)。

We have compiled everything you need to know about the FXOpen PAMM service in our guide below。

FXOpen PAMM Account Type

In FXOpen, you can choose from three PAMM account types, namely PAMM ECN, PAMM Cryptocurrency, and PAMM STP。

As the name suggests, PAMM ECN and PAMM STP use the ECN and STP order system, respectively。At the same time, PAMM cryptocurrency accounts allow traders to trade top cryptocurrencies and take advantage of the highly liquid cryptocurrency market using PAMM technology。

This is a comparison table that can provide more insights。

FEATURES	ECN	Cryptocurrency	STP
Account currency	USD, AUD, CHF, EUR, GBP, JPY, RUB	mBTC, LTC, EUR, USD, RUB, FOB	USD, EUR, RUB
Minimum deposit	US $1,000	Create PAMM Account $200, Create Quote $1,000	200美元
🔢Point difference	0.Floating from 0 o'clock	Floating	Floating
Commission	Half wheel 1.From $5, depending on equity and trading volume	Volume Half Round 0.5%	None
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *	0.12345	0.12345	0.12345
Minimum transaction size	0.01 Hands	0.01 Hands	0.01 Hands
Maximum open trades	Unlimited	Unlimited	Unlimited
Maximum Leverage	1:100	1:3	1:100
☎️Recovery deposit	100%	30%	50%
Stop Loss	50%	15%	30%
Islamic accounts	有有	None, swap rate is 10% per annum	有有
Available tools	50 currency pairs, gold, silver, CFDs, oil, gas	Currency pair of BTC, LTC	50 currency pairs, gold, silver
EA transactions	✔️	✔️	✔️
• Scalping and hedging	✔️	✔️	✔️
News deals	✔️	✔️	✔️
Transaction time	Monday to Friday (FXOpen server time)	24/7	Monday to Friday (FXOpen server time)
Inactive expenses	Maintenance fee $10 per month, reactivation fee $50	Maintenance fee $10 per month, reactivation fee $50	Maintenance fee $10 per month, reactivation fee $50

You can use the above information to select the appropriate account based on your needs and preferences。

How to open a PAMM account

Before opening a PAMM account, you need to open an investment account。An investment account is a special account that acts as an intermediary between the trader's main account and the FXOpen PAMM service, the main function is to deposit funds and withdraw profits。

Please note that the investment account is not a trading account, so there is no password。Also note that you can only open one investment account for each currency available on the client portal。Therefore, if you want to include the offer in the same PAMM account, you need to open two investment accounts in different currencies。

Follow these steps to open a PAMM account:

1.Visit the FXOpen website and open the client。Then, open the Investments tab and select "Add Account"。

2.Agree to the terms and conditions of the PAMM service and click Next。

3.Select your currency, which must match the currency of the PAMM account you want to use。

4.If you were introduced to a broker, enter the introducer account number and click Next (optional)。

5.After completion, you will be given login credentials。Your investment account will appear under the Investments tab on the left side of the customer portal。

6.To deposit, click the Transfer tab and select your preferred method of deposit。Select your investment account and complete the transfer。

7.To create a PAMM account, click the PAMM tab and select Accounts。

8.On the next page, click Open PAMM Account。

9.Complete the form for the new PAMM account。Please note that you must register in the FXOpen forum to complete the process。When finished, click Create。

10.Congratulations! You have created a PAMM account。Masters can continue to create new quotes; followers simply access the PAMM account rating and subscribe to the quote of your choice。

Advantages of FXOpen PAMM Service

FXOpen ensures that all parties to its PAMM services are mutually beneficial, here are all the advantages you can get as a master or follower。

For the master

• Significant income: Masters in PAMM accounts will receive two types of income, namely master commissions and performance fees。The former refers to the remuneration for money management, which is calculated as a percentage of the current follower's balance on a daily basis and transferred to your main account at each rollover; the performance fee is the percentage you get from the follower's profits。The fee is paid if the profit exceeds the minimum performance limit。

  Unlimited number of followers: you can create quotes and allow unlimited followers to follow your strategy。

  Multiple offers with different parameters: create multiple offers in the same profile for more followers and higher income。

  Automatic profit and loss distribution: The system automatically distributes gains and losses according to the proportion of each participant, so everyone can get benefits。In addition, it is guaranteed to pay you the profit share and fees on time in accordance with the mutually agreed quotation conditions, and you can focus on the transaction。

  Clear and transparent performance monitoring system: you can attract more followers through good performance, the chart will accurately show all your past trading results。

For followers

• Full control over your funds: you can top up and withdraw money to your account at any time without the permission of the master。The master cannot use the funds you specify and therefore cannot deceive you and take away the funds in any way。

  Make a proposal to the master: in addition to browsing the existing offers, you can also use your own parameters to make a follower offer and send it to the master offer。Master has limited time to accept or reject offers。

  Automatic profit and expense allocation: All settlement operations (gains, losses and expenses) are handled by the FXOpen PAMM service, so you will receive funds according to the initial agreement。

  Public monitoring and performance charts: You are free to narrow down your options and choose the strategy you want to follow based on your risk tolerance and profitability。The information is displayed in a simple, user-friendly way, so you can easily follow up regardless of the level of expertise。

  Switch with in-account offers: The migration process allows followers to subscribe and switch to another quote very easily, allowing you to manage transactions more effectively。

  Short trading interval: Masters can now create quotes in a short trading interval of only 7 days, allowing followers to store and extract profits in just one week。The main fee will be calculated after one week and all profits will be distributed automatically。

PAMM Account Rating

To select the appropriate master to subscribe to, be sure to check the FXOpen PAMM account rating first。The tool basically lists all PAMM accounts on the platform in descending order of trading results。You can easily choose to view top masters or top followers。

The "Top Masters" category shows all Master accounts with the best active quotes and past performance, here is the information you can get from the table:

• Account: Name of the PAMM master account。
  Total Earnings (%): Account Current Earnings。
  Daily Earnings (%): Profits from the day before the Master。
  Account Opening Days: Number of days since account opening。
  Maximum retracement: the difference between the maximum and minimum values of past total returns。
  ROR (rate of return): the ratio of money gained and lost based on the historical performance of the master。
  Gain Chart: Graphic display the current gain of the master。

At the same time, the "Hot Followers" category shows the ranking of the most successful follower accounts on the platform. Here is the information you can get from the table:

• Account: Follower's Account Number。
  Country: Followers' country of residence。
  Join Date: The date the follower first joined the offer。
  Gain: amount of gain on current quote by follower。
  Gain chart: Graphically displays the current gain of the follower。

Conclusion

In short, FXOpen PAMM account is a great service worth trying for beginners and professionals alike, it offers many features that can enhance your trading experience and make the whole process easier than ever。The best thing is that most operations are performed automatically by the system, so you only need to focus on trading and FXOpen will handle the rest。

If you are a beginner, you can benefit as a follower from the user-friendly interface as well as the various PAMM offers on the platform。For those who are pressed for time or lack trading experience, this is undoubtedly a good choice。All you need to do is invest some money and let the master do all the complicated work for a small fee。

But if you are a professional, you can choose to become a master, earn a decent income by providing quotes and managing follower accounts。Develop your own strategy and earn commissions from unlimited followers。So if you are an expert and want to make the most of your trading skills, this service should not be missed。

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FXOpenis a Forex broker that has been providing quality services to clients since 2005, aiming to make Forex trading more professional, accessible and secure.。