HotForex PAMM
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Overall
rollover*
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yeah they do
if by the rolllover you mean cost of carry...then it is daily
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hi people! i wonna try PAMM at HOT FOREX
but do they allow any type of trading?
- scalping (fast close order from open)?
- arbitrage?
Rollover once a month?
Overall
I have had a good experience with HF PAMM.
I had opened an account after having a conversation with a client here on myfxbook and now I have been growing my account as well as growing client base.
The customer service is good.
The trading platform is good as well.
For PAMM Managers:
Open a PAMM Manager Account - This is where your clients will invest funds in your account.
Open a PAMM Commission Account - This is where your revenue share / Performance fees will be deposited.
Opem a PAMM Investor Account - If you want to reinvest your profits back into your system
Note: For performance fees withdrawal, you need to close all the open trades and orders and send a request to PAMM support dept. They will do the needful within 24 hours.
Note2: Please check your PAMM Manager account regularly as there is no way to communicate between client and PAMM Manager, so if you have a new client or new deposit, you won't know until you log into your account and approve a new client.
Note3: Same rule applies for accepting a new clients: Close all active trades before you can accept new client funds.
For Investors:
Look for PAMM Managers who have consistent performances and check for following parameters:
Abs. Gain
Monthly
Margin
Margin Free
Floating P/L
I know that the pamm.hotforex.com page does not have a easy navigation but still the above mentioned parameters can be helpful to you.
Out of 1000+ members listed you would be looking at only 100+ PAMM Manager account which are in good shape so it shouldn't be a big search.
A big plus if the PAMM Account manager is on myfxbook.com so you can connect with them before you invest as HF website does not offer any way of communication with investor and fund manager.
Little About Me:
My HotForex PAMM account on myfxbook:
https://www.myfxbook.com/members/dxnation/hotforex-pamm/614477
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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.
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I trade forex since 2008.
Hotforex is the best broker in the world at the moment!
I recommend it to all forex traders!
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You do not mind if you tell us your opinion for those 2 very good traders. PAMM name please
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I'm not home, I visited the site just to see the data, at least it has the merit of being clear about the performance of the best traders, often on the other Sotes we see anything or is really mess like FxPro, fopen, Think Forex is a pity that it takes $ 500 deposit to start a Pamm account with them, at $ 100, I will have opened an account easily ..
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Hi,
I work with them for a few monthy and step by step they are getting better. They should add german support and language too. Support is not the best due to workers who do not speak english very well sometimes.
The PAMM trader list should have better sort options. After a while I found 2 very good traders there...
Very nice looking charts... and top support..chapeau
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HotForex PAMM
Leverage 100:1
Minimum Lot Size 0.01 Micro Lot
$10 RT commission on 1 Std Lot
Overall
Hi,
i've just opened a PAMM ACCOUNT there, and im satisfied of the service.
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OK, time to refine my opinions and rate them, as I've become their client a few months ago. I still believe that they were overrated in April, now the rating has become more realistic.
Well, the platform hasn't changed since, and it's still awful to handle, the pamm manager lists are almost useless, and it's very difficult to find the right manager. But their great advantage is, that when you get to a manager, you'll see almost everything, usually even the detailed trading history is available. And what's most important for me: you can always see their current equity and the floating minuses! Big plus there! So it takes quite some time (for me about 3 days) to browse through the lists and check the managers, but you can find consistent, profitable ones.
Customer service was also ok, they're responsive. It took almost 10 business days however to ack my wire transfer, but they handled the problem well right after my first letter about this.
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this broker suxs.....very bad experience with disconnects, account disabled etc....
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Could not agree more!
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HotForex is by far one of the best Broker available. the website is user-friendly, and everything is easy to use and straightforward. the support team is the best, at least they bother to response all your questions.
I also have a pamm account, its easily managed, but required 500.00 minimum capital
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We have just opened a PAMM Manager on HotForex, so as things progress I will let you know how it goes. As yet, I have not rated them.
The process so far was swift, although a little different to what I was used to.
The searching of PAMM Managers is a little poor, but this is something that can be addressed easily on the site if they wanted to.
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Me Too,still searching for more reviews if there is any negative on hotforex ????????
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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.
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Dear Andrew
What do you mean?
I have my live acount with hotforex and only looking for genuine and trusted forex account manager with proof to handle my my account on my behalf and we share the loses or profits gained.
If you are the one,please let me know.
regards
paul sseruyange
Junior forex trader.
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Who will call finance related company "hot"? 😁
