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Alpari PAMM Review Scores


Overall score: 3.1 / 5

Total votes: 124
Profitability
1
Platform
1
Pricing
1
Customer service
1
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Alpari PAMM Discussion

sgstapleton
Nov 04 2014 at 08:44
1 posts
I have some small amounts of funds in Alpari PAMM and portfolio accounts. Returns seem to be acceptable.

My question is.... they are Russian. I am in New Zealand, apparently my account is managed from Nigeria....*&&^%$$

Are they a safe broker.... I.e im looking for PAMM broker to invest larger sums. 500k + but want to be sure they aren't just going to disappear.

There reporting is flashy... but does lack transparency and depth.

Any feedback would be appreciated.

netwavetrader (netwavetrader)
Nov 10 2014 at 13:15
2 posts
If you look on the website they are regulated in the Saint Vincent and the Grenadines, West Indies. However regulation there is not going to be anywhere as good as being SEC or FCA regulated. I have an Alpari PAMM account for over a year and happy with the service. I have an Alpari UK account that is FCA regulated as well, so as Alpari was a global company I was happy to go with them.

The only FCA regulated PAMM like service I have seen is Darwinex. The FCA is now starting to focus on regulating the mirror trading sphere so things are likely to change a lot over the next few years. There are lots of good articles on FX Magnates around this.

Jaypipin (Jaypipin)
Nov 20 2014 at 19:00
80 posts
Investing large sums with an offshore broker is risky, Alpari limited do present themselves as reliable and safe i am also concerned that they are located in the Grenadines, perhaps a tax reason. Try looking into fxOpen Australia and Fibo group, both offer pamm accounts, i would spread your risk.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
creepslow
Dec 11 2014 at 08:45
2 posts
I just wanna say,their website is so much complicated.What is the difference between PAMM account and PAMM portfolio?PAMM portfolio need 3000Usd at least.And I don't even know how to withdraw money if I have some profit.

voukonov (voukonov)
Dec 12 2014 at 12:14
9 posts
mikjurado posted:
I'm opening a PAMM account but they ask a notarized document of your residence and passport...


I guess we should be happy that brokers are that much serious!!!!!!!
To become PAMM manager, it is understandable that a broker wants to know where one lives. To become investor, I have nothing about having to prove my ID or residence and so on... Electronically, things are just too easy to defraud!!!

investment democratized.
Jaypipin (Jaypipin)
Dec 14 2014 at 20:36
80 posts
Their website is complex, but they offer more than most brokers, i think its the best broker website currently available. Over time you will figure it out and become familiar. Show me another broker where you can open demo and live accounts in your own terminal within a minute and adjust settings etc.

Yes you have to provide a lot of details about yourself to setup terminal and pamm or investment accounts, heck life is a risk, just dont have all your funds in one bank account, have it in savings accounts, or other bank accounts that you tranfser to the account which is linked to your broker.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Jaypipin (Jaypipin)
Dec 14 2014 at 20:43
80 posts
creepslow posted:
I just wanna say,their website is so much complicated.What is the difference between PAMM account and PAMM portfolio?PAMM portfolio need 3000Usd at least.And I don't even know how to withdraw money if I have some profit.


Pamm account is your trading account which you will trade and then investors join you. Pamm portfolio is several pamm accounts you manage and invest in. The minimum has been lowered i believe its 300 USD/EUR for managers capital and then your trading capital after that. Managers capital cannot be withdrawn until acct is liquidated, so do not add too much to that but slowly increase it to satisfy investors.

The only problem now is the minimum trade size has been increased to 10k units or 1 mini lot. Theyv been clever, over the years they gave us the upper hand now they have thousands of traders and its payback time for them. I wouldnt be surprised if brokers like pepperstone follow suit. Point is your min starting capital should now be 5k usd/eur at least.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
alarri (alarri)
Jun 25 2015 at 06:11
1 posts
Jaypipin posted:
The only problem now is the minimum trade size has been increased to 10k units or 1 mini lot. Theyv been clever, over the years they gave us the upper hand now they have thousands of traders and its payback time for them. I wouldnt be surprised if brokers like pepperstone follow suit. Point is your min starting capital should now be 5k usd/eur at least.


Minimum trade size is still 0.01 lots, i trade 2-3 of those. Or its some pamm specific value?

Jaypipin (Jaypipin)
Jul 08 2015 at 08:46
80 posts
alarri posted:
Jaypipin posted:
The only problem now is the minimum trade size has been increased to 10k units or 1 mini lot. Theyv been clever, over the years they gave us the upper hand now they have thousands of traders and its payback time for them. I wouldnt be surprised if brokers like pepperstone follow suit. Point is your min starting capital should now be 5k usd/eur at least.


Minimum trade size is still 0.01 lots, i trade 2-3 of those. Or its some pamm specific value?


They have changed this recently back to minimum 1000 units or 0.01 lots

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
markdoc1
Jul 11 2015 at 15:26
51 posts
Still people using them after the January scenario are they still reliable for UK customers?

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - Warren Buffet
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