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Is it legal for U.S. residents to manage PAMM accounts?

Cuong Truong (Cryptocurrency)
Jul 04 2016 at 22:58
posts 178
Is it legal for U.S. residents to manage PAMM accounts?

is it legal for investors living in USA to invest in PAMM accounts?

I trade Forex using my Bollinger Trend PRO mt4 indicator.
Tiffany (TiffanyK)
Jul 05 2016 at 06:52
posts 427
There are no PAMM accounts available in the U.S. after Dodd Frank. There are only a limited number of brokers offering PAMM services to U.S. residents. However you CAN manage a PAMM account if you are a U.S. citizen. You CAN also invest in PAMM accounts no matter where you are living (including USA)

Accept the loss as experience
Cuong Truong (Cryptocurrency)
Oct 12 2016 at 11:23
posts 178
what company offer PAMM accounts for US residents?

I trade Forex using my Bollinger Trend PRO mt4 indicator.
leo23
Oct 13 2016 at 06:53
posts 567
Cryptocurrency posted:
what company offer PAMM accounts for US residents?

FxChoice

Artificial General Intelligence
bestdarngood
Oct 15 2016 at 21:08
posts 174
If you decide to manage other people's money it is a lot of responsibility. Make sure if you do plan to do this that you let people know of the risks they are taking if you are taking care of money that isn't yours.

See my profile or message me for my latest EA
Forexlovers
Oct 21 2016 at 13:19
posts 3
leo23 posted:
Cryptocurrency posted:
what company offer PAMM accounts for US residents?

FxChoice


And something else? I like FXchoice but want to compare with others.

mrshinko
Oct 23 2016 at 06:41
posts 10
Managing a PAMM will most likely fall under regulatory requirements for becoming a registered Commodity Trading Advisor. Its a tad bit of a grey area. Google it.

mrshinko
Oct 23 2016 at 06:41
posts 10
Assuming the person managing is a US resident.

leo23
Oct 23 2016 at 06:52
posts 567
Forexlovers posted:
leo23 posted:
Cryptocurrency posted:
what company offer PAMM accounts for US residents?

FxChoice


And something else? I like FXchoice but want to compare with others.

It is difficult to find a broker who accepts US clients as well as who can be trusted.

There can be few more brokers claiming to accept US clients or PAMM accounts, but you have to be very careful whether they are trusted or not.

But FxChoice seems to be reliable from my past experience,but I don't trade with FxChoice anymore because of high spread.

Artificial General Intelligence
Lesterkobi
Nov 17 2016 at 08:24
posts 8
It depends upon broker directly. Of a broker\s policy include providing services to the US citizens, then I guess you can be either investor or PAMM trader. And maybe it makes some difference if you are US citizen or just US resident?

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