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

Jul 04, 2016 at 22:58
Vues 3,693
9 Replies
Membre depuis Feb 22, 2015   posts 178
Jul 04, 2016 at 22:58
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.
Membre depuis Feb 12, 2016   posts 427
Jul 05, 2016 at 06:52
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
Membre depuis Feb 22, 2015   posts 178
Oct 12, 2016 at 11:23
what company offer PAMM accounts for US residents?
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Membre depuis Oct 12, 2016   posts 855
Oct 13, 2016 at 06:53
Cryptocurrency posted:
what company offer PAMM accounts for US residents?
FxChoice
Artificial General Intelligence
Membre depuis Nov 12, 2010   posts 174
Oct 15, 2016 at 21:08
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
Membre depuis Oct 20, 2016   posts 3
Oct 21, 2016 at 13:19
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.
Membre depuis Mar 30, 2015   posts 10
Oct 23, 2016 at 06:41
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.
Membre depuis Mar 30, 2015   posts 10
Oct 23, 2016 at 06:41
Assuming the person managing is a US resident.
Membre depuis Oct 12, 2016   posts 855
Oct 23, 2016 at 06:52
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
Membre depuis Aug 10, 2016   posts 8
Nov 17, 2016 at 08:24
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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