Discussion Fx Power Club - Growth, Hot Forex PAMM

Lookin good :) !!

:)

Good work buddy! Got out of the DD!!

amazing as always :)

We are now flat with all trades closed and ready for the new month! ;)

way to close that gap amigo!

Hi, fastpipsjpy

Success Fee was increased to 35%?
It will apply in next month?

Greetings,

Yes the new 35% will begin for next month. Our goal from the start was to have a 1/3 profit share with our clients. As we do incur small fees for wires, banking, etc, the 35% will actually net us 33.5%, which has been our goal since inception. We will work to make consistent profits to offset any cost to our clients along the way. The fee will not ever be increased as we have found 30-50% as the average in the Hot Forex PAMM accounts managed by others and we want to stay on the low end of this scale. We will maintain our low $500 minimum as long as allowed by Hot Forex as well. Thank you for your support and trust.

:)

Greetings,

In order for Hot Forex to calculate our monthly performance fee for March, we need to close all trades once again. Although we did this last week, they said it was not enough time to calculate all the clients due to the higher number. We need to close all trades between 6AM and 2PM GMT, which we plan to do soon....maybe tonight. We have a nice day so far, so we may absorb the smaller open negative trades with the winners from today to go flat and then begin again. I am still believer in EURCHF, having been long for weeks, hoping we do not miss a move while closed in all trades. We will see what this evening brings. Thank you for your support.

:)

   fastpipsjpy posted:
   Greetings,

In order for Hot Forex to calculate our monthly performance fee for March, we need to close all trades once again. Although we did this last week, they said it was not enough time to calculate all the clients due to the higher number. We need to close all trades between 6AM and 2PM GMT, which we plan to do soon....maybe tonight. We have a nice day so far, so we may absorb the smaller open negative trades with the winners from today to go flat and then begin again. I am still believer in EURCHF, having been long for weeks, hoping we do not miss a move while closed in all trades. We will see what this evening brings. Thank you for your support.

:)

Hi

For just my curiosity I am asking. Could hot forex pay all the profit you made plus deposited amount if you want to close and withdraw the money? Do you experience any problem in withdrawing with the broker? I am asking just for I am planning to deposit to this broker.

Cong. for your great success :)

cuneyt

Greetings,

Yes, you can do that. There has not been any issues with them, they are a good company. Here is my link if you want a personal account: https://www.hotforex.com/?refid=8253&bid=17b6f5d7

You will be happy with them.

Thank you,

:)

Anytime a client withdraws money with open trades running, all those trades show in our statement. They have no effect on other clients, but they hurt our trade record. For example, you will see if someone withdraws $1000 USD and we have 10 open trades EURCHF with are slightly negative, it will show 10 tiny losers in our records as losses. Just an FYI.

Thank you,

:)

We have closed out of all negative trades with winners in the yen pairs for a nice profitable day. All trades are closed until the PAMM account can process performance fees. We should be able to resume in 12 hours or so. The market is setting up nicely...hope we can get in again soon. Have a great day!

:)

great work :)

   fastpipsjpy posted:
   We have closed out of all negative trades with winners in the yen pairs for a nice profitable day. All trades are closed until the PAMM account can process performance fees. We should be able to resume in 12 hours or so. The market is setting up nicely...hope we can get in again soon. Have a great day!

:)

Damn you got me excited now ;) good job mate.

Hellow, congrats for your job, I am thinking to invest soon in this PAMM. For clarify a question in the up, as far as I know, if you have made any profit then if you withdraw your money then the success fee will be paid on any of your profits!. As far as getting your money out you could of asked for it but only when there are no outstanding trades ie. floating P/L at zero. With a - Floating P/L there is one way to get your money out... you must request your account be closed and then they will calculate what your portion of the floating P/L is your responsibility based on your account size and they will give you the net that is left!

EX if the - F P/L is 1851 and the balance is 35029 So 1851/35029 x 100 = 5.28% So if your balance was 100.00 you would get back around $95.00.

My question is: This Pamm acc. have a good records until now, As expected any investor can fund his account with any quantity he wants, If somebody wants to invest a nice one, like for example 30 k, the rest of participants will be dammed on gains performance. In the present I observed a balance in the amounts of all deposits, nodody looks protrude from the rest, what will happens when this happens?
Sorry for my english level.
Form Spain
Rafa

Greetings,

Thank you for the kind words and for your question. With this account we aim for percentage profits, rather than dollar amount. So, it does not matter the amount per client. We have some with $500 to start, others over $50,000 already live and doing the same percentage. I always advise to begin with an amount you are comfortable with, then add more if you would like as things progress. :) Feel free to write any questions here any time.

Thank you!

Saludos Rafael, te saluda un feliz inversor de Mallorca :-)