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What is the most effective way to look for a PAMM fund manager?
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Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Dec 30 2019 at 23:25
tacet posted:
Professional4X posted:

There are registrations, licenses, and various related certifications and regulations that need to be handled by the firms legal department.

Think about this for a moment, do you want to trust a brokerage and it's hired financial managers if they don't understand the basic legal requirements to provide services such as this one? It's absurd to think it's ok to conduct business like that.


you looks at PAMMs from a US res point of view... In the rest of the world a PAMM manager doesn't need certificates etc legally :( They and members sign T&Cs and vuala! (A MAM man from the other hand does need certs etc)... Despite of lack of proper legs we have good a PAMM structure f.e. Alpari Global... runs for 20 years or so... I personally prefer cT's Copy service (sadly not available in the US) - also based on simple T&Cs and much more flexible for investors...




NO. You're absolutely wrong, and you don't understand my point of view at all.
I'm looking at it from an industry wide point of view not a US residence point of view.

No legitimate Brokerage is going to hire someone to manage their investment portfolios and the investment portfolios of their clients without considerable industry experience and the appropriate financial markets education and legal protections.

Hiring someone with NO EXPERIENCE who clearly states they have no idea what they are doing, is an extremely questionable business practice at best. To allow an individual or group of individuals with an admitted lack of experience to manage the funds of others, and if the brokerage allows the unrestricted access to client funds for trading to their own 'fund managers', then I would consider this an extremely unethical and people have gone to prison for a long time for the mismanagement of funds in scenarios like this one.

Regardless of the scenario though, you aren't the original poster, so I don't really see the need for you to defend their illegal and unethical business practices.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
tacet

Member Since Mar 10, 2019  55 posts tacet Dec 31 2019 at 11:20
Professional4X posted:
tacet posted:
Professional4X posted:

There are registrations, licenses, and various related certifications and regulations that need to be handled by the firms legal department.

Think about this for a moment, do you want to trust a brokerage and it's hired financial managers if they don't understand the basic legal requirements to provide services such as this one? It's absurd to think it's ok to conduct business like that.


you looks at PAMMs from a US res point of view... In the rest of the world a PAMM manager doesn't need certificates etc legally :( They and members sign T&Cs and vuala! (A MAM man from the other hand does need certs etc)... Despite of lack of proper legs we have good a PAMM structure f.e. Alpari Global... runs for 20 years or so... I personally prefer cT's Copy service (sadly not available in the US) - also based on simple T&Cs and much more flexible for investors...




NO. You're absolutely wrong, and you don't understand my point of view at all.
I'm looking at it from an industry wide point of view not a US residence point of view.

No legitimate Brokerage is going to hire someone to manage their investment portfolios and the investment portfolios of their clients without considerable industry experience and the appropriate financial markets education and legal protections.

Hiring someone with NO EXPERIENCE who clearly states they have no idea what they are doing, is an extremely questionable business practice at best. To allow an individual or group of individuals with an admitted lack of experience to manage the funds of others, and if the brokerage allows the unrestricted access to client funds for trading to their own 'fund managers', then I would consider this an extremely unethical and people have gone to prison for a long time for the mismanagement of funds in scenarios like this one.

Regardless of the scenario though, you aren't the original poster, so I don't really see the need for you to defend their illegal and unethical business practices.


... what I've done wrong? - I thought my post was in support of yours - silly me! I was describing the situation with PAMM here (outside of the US).... and cT Copy service - both are not available in your country, thus it was difficult for you to comment on them... NOBODY ARGUES AGAINST A PROPERLY DONE REGULATION.... Happy New Year!

every beautiful garden has a strong hedge around
Dumuro

Member Since Apr 25, 2019  8 posts Dumuro (Dumuro) Dec 31 2019 at 15:12
It seems to me that there are three main characteristics worth assessing for this purpose. First, you should find out what kind of capital he works with personally and look at his statistics, not only with his capital but also with the capital of his clients. Secondly, I would definitely avoid a person who shows incredible profits that do not fit into the generally accepted framework. Still, you have to look at the situation realistically, 1000% per annum is complete nonsense. Thirdly, I would require written or documentary proof of all indicators. Because demo accounts are at my own risk, I also know how to disperse, but it does not make me a great trader.

tacet

Member Since Mar 10, 2019  55 posts tacet Jan 01 at 11:54
Dumuro posted:
It seems to me that there are three main characteristics worth assessing for this purpose. First, you should find out what kind of capital he works with personally and look at his statistics, not only with his capital but also with the capital of his clients. Secondly, I would definitely avoid a person who shows incredible profits that do not fit into the generally accepted framework. Still, you have to look at the situation realistically, 1000% per annum is complete nonsense. Thirdly, I would require written or documentary proof of all indicators. Because demo accounts are at my own risk, I also know how to disperse, but it does not make me a great trader.


even that is not enough :) because of this rule in trading: past performance does not guaranty the future one :)

every beautiful garden has a strong hedge around
JaniceLiu

Member Since Dec 30, 2019  14 posts JaniceLiu Jan 09 at 03:11
There are too many scam advertisement on the internet, you should better have a friend who's a professional trader. However, you can ask for your broker for recommending some professional account managers, if your broker provide MAM accounts, there must be lots of account managers.

tradeFX4btc

Member Since Sep 13, 2017  68 posts tradeFX4btc Jan 09 at 10:41
Well established MAM/PAMM brokers already exist. Trying to get these asset managers to join your brokerage will require equal or better trading conditions and an incentive to open an account at your brokerage. For example darwinex backs traders with their capital. If your brokerage can do something like that, then traders will want to join.

(Environmentally friendly)
Waqqas366

Member Since Aug 09, 2019  8 posts waqqas ahmed (Waqqas366) Jan 21 at 16:05
AllenLi posted:
I'm working for a forex broker and now we are try to make a PAMM program.
But I have no idea where or how to recruit fund managers to join the program.

Please help.. Any advise would be highly appreciated!


there are many ways, you can ask for evaluation 1month with loss limit / profit limit and restrict on news trading/hedging/EA and lot size limitations if someone pass (with strict IP rules/ device) the he/she can enter in PAMM....

tucshop8@
tradeFX4btc

Member Since Sep 13, 2017  68 posts tradeFX4btc Yesterday at 06:20
fxopen pamm has public fund managers. Also Genesis Vision is another (multi brokerage). Darwinex is another good platform

(Environmentally friendly)
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