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

Professional4X
Dec 30 2019 at 23:25
1189 комментариев
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
Dec 31 2019 at 11:20
57 комментариев
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 (Dumuro)
Dec 31 2019 at 15:12
23 комментариев
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
Jan 01 2020 at 11:54
57 комментариев
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
Jan 09 2020 at 03:11
17 комментариев
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
Jan 09 2020 at 10:41
140 комментариев
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.

waqqas ahmed (Waqqas366)
Jan 21 2020 at 16:05
13 комментариев
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....

tradeFX4btc
Jan 24 2020 at 06:20
140 комментариев
fxopen pamm has public fund managers. Also Genesis Vision is another (multi brokerage). Darwinex is another good platform

Daminichatter
Mar 30 at 10:43
5 комментариев
The initial phase in PAMM speculation is to choose a decent fund manager; there are things that should be completely checked prior to choosing one:

Experience

Just like recruiting a worker, you need to ensure that the fund manager has satisfactory involvement with the board field; for this reason, check how long the record is being overseen by the fund manager. The record ought to be 3-4 years old.

Past Trading Record

Try not to take a gander at large numbers and enormous benefits; what you need to check is the drawdown; this will provide you with some insight into the degree of risk included. Overlook fund managers whose trading history shows high drawdown.

ricardostewart
Apr 20 at 06:42
9 комментариев
I think you should share more information about this to get a better response. Good luck to you.

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