Question: How PAMM and MAM works on LMFX MT4? How can I join the program?
What is PAMM?
PAMM stands for Percentage Allocation Module Management or Percentage Allocation Money Management.
And MAM stands for Multiple Account Manager.
There are so many investment firms and brokers offering PAMM or MAM system to investors, and LMFX is one of them.
This means simply that Money Managers can trade clients’ funds and both parties can benefit from the system.
So by using the PAMM system provided by LMFX, there would be win-win-win relationship between MoneyManagers – Investors – LMFX.
LMFX provides PAMM and MAM service
It is not at all a confusing thing to understand, but the PAMM system of LMFX offers the opportunity to connect skilled and profitable traders and investors who do not know how to make profit efficiently.
If you know how to trade and make profit, you can register as the Master Trader, so you can benefit more from the commissions you can earn when you generate profits.
If you want to invest your money into Forex & CFD market, you can register as an Investor and let the Money Managers take care of your account, so you can earn profits without doing nothing.
Registering your account is really simple as usual as you just need to open an account and deposit your money, and the process would be all done.
How to become a Master of PAMM?
If you are confident that you can make profit by trading and attract traders under your accounts, you may register as a Master Trader.
There are three account types for PAMM, which are PAMM ST, PAMM MT and PAMM LT.
You will need to choose one of them and open an account.
Each account type has got different leverage, commission setting and other trading restrictions.
Please refer to the below table for some general information.
| PAMM ST | PAMM MT | PAMM LT | |
|---|---|---|---|
| Spread | 0 pip | 0 pip | 0 pip |
| Trading Commissions | 8 USD per 1 lot | 10 USD per 1 lot | 12 USD per 1 lot |
| Maximum Leverage | 1:300 | 1:250 | 1:200 |
| Stop Out % | 20% | 10% | 15% |
| Maximum Commission you can set | 75% | 60% | 30% |
| Available Symbols | Forex Pairs, Gold, Silver and Oil | Forex Pairs, Gold, Silver and Oil | Forex Pairs, Gold, Silver and Oil |
Available symbols for trading in PAMM account
Although LMFX offers Forex currency pairs, Commodities, Metals, Index CFDs and Stock CFDs, you can only invest in Forex Pairs, Gold, Silver and Oil in PAMM accounts.
If you are looking to become a Master Trader, it is one thing you may want to know before start investing.
How to become an Investor?
If you are not sure about how to trade Forex & CFDs and make profits, LMFX PAMM Program would be the one preferable choice for you.
There is no complicated process for registering but all you need to do is:
- Open a real/live account
- Make a deposit
- Choose the Master PAMM you prefer
- Connect your account to it and setup your participation %
You can withdraw your funds at anytime if you have chosen to do so, but it is your responsibility to manage your account by the participation %(% of risk exposure).
Fees and Commissions
The commissions will be set up by the Master PAMM but not LMFX.
- LMFX will simply make profits by the spread
- Master PAMM will make extra profit by the commissions from the Investors which they have set
- Investors make profits from the profitable trading made by the Master PAMM
The commission from Master PAMM to Traders can be set from 0% to 75% depending on the PAMM account types.
And commissions will be charged only if the Master PAMM has generated profits in its accounts.
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