Hello, friends.
I already wrote about Alpari's Pamm account service, and now I would like to share my opinion about another similar product from FX Trend.
As for the reliability of the latter, then it looks quite competitive, I don't think, that she is worse . But now it's not about that, but about the service of pamm accounts.
Recently, I often come across information about, that the Trend has great managers, and in Alpari they are not so hot, and supposedly the system itself in the Alps is built like this, for the trader-manager to drain the investors' money.
As for the managers at Alpari, then there are few really good administrations, this is also in my stone garden, since I also had several pammas there, though I tried to disperse them, и максимум, which I managed to achieve exactly on pamme — this 800%. The best results, as always — on regular accounts.
As for the amenities / inconveniences of PAMM accounts in Alpari — then I must say, what is the most convenient way for managers to trade, taking into account the specifics of the PAMM account- this is intraday. It is highly advisable to close positions before rollovers.. AND, after waiting for the replenishment or withdrawal of orders, start trading with a new balance, again with the expectation of quickly closing deals.
You can configure the execution time of requests for input / output in your personal account, i recommend choosing a time, when you are not trading, for example midnight — with 00 to 5 morning. That is, all orders will be executed at this time and the balance will not change during the trading day.. It's comfortable. But if you are used to holding positions in the medium term, долгосрочно — then it's trouble. The balance will be constantly changing due to deposits / withdrawals by investors, you will need to correct positions and as a result, instead of normal positional trading, you will get complete nonsense.
I would like to, so that Alpari listens and makes it possible for position traders to trade and give the opportunity to set a trading period of one week, and besides, the replenishment / withdrawal is determined at the discretion of the manager, for example, раз в месяц, once a week, etc..
But here is a double-edged sword, I understand it. Investor entered money, and trader начал излишне рисковать и в итоге может слить счет за неделю, and the investor will not be able to withdraw money… Most likely, it will not work to please everyone and everything will remain so, as it is.
Everything is more interesting in FX Trend, there is a trading period a week, month, and withdrawal of funds is possible only after the expiration of the trading period. Before the expiration of the TP, withdrawal is possible only with a fine, for example 50%. Каково?
That is, the manager at the beginning of the week sees his balance and works with it until Friday., being sure, that he will not have to adjust positions in the middle of the week due to deposits / withdrawals.
BUT!
At FX Trend, I do not recommend opening an account for PAMM managers..
Why?
Due to the profit / loss distribution scheme, inherent in this service in the Trend.
I'll explain now. Рассмотрим пример.
In Alpari, the Manager opens a PAMM and deposits into the account 3000 ye, successfully trades and attracts investors' funds in the amount 30 000 ye. For simplicity, let's take, that the balance remains 33 000 ye. And here is the drawdown in 20%. The balance drops to 26 400 ye. By idea, each investor, including the manager, on the account must have the same drawdown in 20%. So it will be in Alpari.
But in FX Trend, everything is organized this way, that the loss eats up the manager's capital first, and only after that falls on the shoulders of investors.
In our example, the loss in 6600 ye will gobble up the account of the board and he will have a balance -3600 ye (minus 3600 ye)! And his 3000 will go to reimburse the drawdown from investors. Now in order, to return your capital and earn something, the council needs to earn over 6600 ye.
But what's going on, if at this moment, on a drawdown, investors withdraw their funds, leaving from 30 000 Total 3 000 investment? Drawdown at the board -3600, and in management 3000. Understandably, that in this situation, he cannot get out of the drawdown without overestimating risks or without attracting new funds.
In my opinion, this is just a black hole for control, i don't understand those people, who trade there as managers.
In general, you understand, I do not recommend opening PAMM accounts there for managers. Well, the minimum position volume is there 0,1 lot, while, that the deposit for opening a pamm account is at least 500 ye. This is a big lot for such a depot., unless it's about overclocking.
And here are some screenshots, in confirmation of words. There was an influx of investments, then drawdown, withdrawal of investments and here is a trader without money, no prospect of recovery…
That is, having analyzed this situation, after trying to trade there, I will still most likely stay in Alpari. Unfortunately, in the Swiss bank Dukascopy there is no service with open statistics due to the secrecy of banking operations, although, as such, the PAMM service is organized there, but again — in private.
Someone will perceive the article as a hit on FX trend and advertising and PR of the Alps. I will not argue and prove something. I expressed my opinion without thinking about PR or anti-PR and it is justified. For any sane person, the arguments about the difference in the services of the PAMM accounts of the two companies are clear and transparent.. Want to lose your manager capital — welkam tu fx-trend!
Good luck and profits.
