PAMM (Percentage Allocation Management Module) in MH Markets is an investment system where a professional trader (the money manager) manages multiple investor accounts as a single portfolio. It simplifies investing for less experienced individuals. To get started, contact MH Markets customer service for an account manager.
Investors allocate their funds to the PAMM account, and the manager trades on their behalf, distributing profits or losses proportionally based on each investor's share.
MH Markets PAMM Website: https://pamm.mhmarkets.com/login
How does PAMM account work?
Once PAMM connection is connected, the MM will begin their trading of the pooled capital into the markets. Profits and losses from this transaction are then distributed among the investors, according to the allocation mode.
Investors can monitor the progress of their investments through an account dashboard.
Key Components of PAMM
- Money Manager: This is a professional trader who manages investor accounts. They trade the pooled funds from investors into Forex Market.
- Investors: Individuals who contribute funds to the PAMM account. These investors do not trade themselves but allow the manager to trade on their behalf.
- Fee Account: This is an account where charged fees are sent to. If Investor has personal fees, then commissions would be sent to a Fee account set for Investor. In other cases, commissions charged from the investor are sent to Money Manager's Fee Account. Fee account is set for each Fee set individually. The same Fee account can be set for different PAMM accounts. Maximum of 5 Fee account can be set up.
- Fee Set: This is a combination of commissions to be charged from the Investor to any specific Fee account.