FXOpen implements new feature “Drawdown Limit”
FXOpen is an online Forex and CFD broker with various trading tools.
FXOpen’s service suited for both investors and traders.
Especially by using FXOpen’s PAMM service, both investors and traders can benefit from each other.
This time, FXOpen has made an update on the PAMM service by adding “Drawdown Limit”.
This newly implemented feature on FXOpen’s PAMM service will protect investors from losses and create a more comfortable investment environment for both investors and traders.
Do you want to find out more about FXOpen’s PAMM service?
Visit the official website from below.
What exactly is changed with “Drawdown limit”?
FXOpen’s new “Drawdown Limit” is a mechanism that helps investors (subscribers) to reduce losses.
With the new feature, investors will be notified of drawdowns in PAMM master’s account.
FXOpen will be monitoring all PAMM accounts for 24 hours, and see if the accounts exceed the maximum allowable drawdown which PAMM master has set up beforehand.
If the PAMM account exceeds the drawdown limit, the Subscribers’ funds will be revoked.
Followers can also create an offer with the desired parameters and send a request to the PAMM Account Provider.
If the Provider accepts the offer, it will be added to the PAMM Account list of Offers and the Follower will join the Offer in the Following Rollover.
Go to FXOpen Official Website and find out more about their PAMM trading system today.