Six years of experience, more than 350,000 live accounts and more than 140 employees all around the world are just some of the numbers that speak of HotForex’s success in the trading business. Therefore, if you’re looking for a good forex broker, you will have a hard time finding a company better than this one. A fairly unique feature you can access while trading here is HotForex PAMM, the main topic of this article, and we are going to explain all about it to you in the following paragraphs. Our best experts tested this special account, so we are more than prepared to show you everything you need to know about it. Let’s get started!
HotForex PAMM | What is it?
The idea behind HotForex PAMM account is to bring investors and experienced traders together, so that they can both increase their profit. For each successful investment, PAMM Managers will earn a pre-determined fee. Essentially, all profits and losses are shared between a manager and his/her investors. This way investors profit from the fact that they have somebody with experience on their side, while managers are paid for their efforts at the same time. We must mention that managers are simply traders who decide to open a HotForex PAMM account, so they are not associated with the company in any way. We will explain how the whole thing works in the next paragraph, but you have absolutely nothing to worry about in terms of safety because, as we have seen in our Is HotForex a Scam? article, all forms of trading with this broker are extremely secure.
HotForex PAMM | How does it work?
Being a HotForex PAMM Fund Manager does not mean quick and easy money. If you decide to take this path, you need to be aware that it will take some time before you can set everything up and start earning money on regular basis. First, you need to deposit some money into your PAMM Manager account, but be aware that managers CANNOT make a HotForex Withdrawal of this amount. This is because they need to trade for at least one month with it to establish a track record, based on which they will be ranked among other managers. Once this is done, a manager publishes his/her offer which contains various details and conditions, such as their success fee, for example. Based on all these parameters, investors will decide which manager they want to invest with. After that, it’s up to the manager to prove their worth.
HotForex PAMM | Conclusion
HotForex PAMM is a neat little twist on the usual way we trade forex. It can be extremely beneficial for all parties involved and significantly reduce investors’ risk. The whole system is well designed, so there is no way for anyone to get scammed, but if you are at all familiar with this broker, you already know they are extremely reliable. So if you’re interested in long-term trading and want to make a career out of it, this may very well be the kind of account you need. Open it and prove your worth to the trading community.