I understand they are discontinuing the PAMM service at the end of this months for the citizens of the European unity. Is it somehow possible to contact a given trader, which is offering PAMM? Thank you
clte posted: Is there a way of listing all of the PAMMs that are run in HotForex in chart format under MyFXBook? Since it's impossible to see the equity curve in HotForex itself. I want to see the equity curves in MyFXBook.
they will not allow myfxbook format - as they would loose most of their PAMM clients :-)
I am one of their PAMM managers - and have no issues showing my PAMM on Myfxbook :-)
Is there a way of listing all of the PAMMs that are run in HotForex in chart format under MyFXBook? Since it's impossible to see the equity curve in HotForex itself. I want to see the equity curves in MyFXBook.
will2000 posted: I have had a very bad experience ,I invested with two of there top rated pamm managers and all was well for a week then both accounts blown in a couple of days .I lost thousands in a couple of days with little warning.My advice join pamm accounts where you can start with a very little amount and if it does do well you can add later.Hotforex has good customer service but offer no protection against reckless pamm managers.
I just had a heated argument with my account manager about the PAMM system. I don't use PAMM yet but I found the statistics displayed on the website very misleading - bordering on criminal in my opinion. There is no equity curve displayed only a 'profit' curve based off closed positions only. As PirFX mentioned you can see the floating profit/loss but to most investors who have never traded before its an insignificant stat. What traders do is hold onto losing trades but continually bank the winners. This creates good looking stats. 95% winrate, gain of 1000% etc but if you look closely you will see the managers have a floating loss equal to their profit!! They are 'lying' with statistics. Always look at equity as an indication of their skill. That said, I am a happy customer of Hotforex and I only wish they rectify this soon.
Was a customer till today..Customer Service sucks...Profitability is so-so and Platform is below par...
PirFX posted: I'm a bit suspicious here seeing all these great scores... I've seen their platform, and I just don't think it's even close to a score of 8. I tried to find a good manager there, but their manager listings give you very little help in this. The list is ordered by the total gain percent so far, but you can't see the timeframe. 1 week? 1 year? They also show the daily average gain, where to timeframe is probably the last month (but couldn't make sure), which is comparable, but you can't sort on this, nor can you sort or filter on any criteria. If you click on a manager, you will see detailed info, but I don't want to click on 500 names. If I missed some menus or links where I can access some more sophisticated lists, that info would be welcome.
The profitability and customer service points are also above 9, this also looks unreal, everybody made huge profit there, and had no problem with customer service? Hmm....
PS: I didn't rate them, as I'm not their customer.