A PAMM Manager is a HotForex client who has taken on the responsibility of managing his own funds alongside that of other clients. This arrangement gives the Manager access to a large pool of funds and gives less experienced clients a way to earn money on Forex and related markets without having to do the trading themselves. As a compensation for the successful trading the Manager receives a share of the profits earned by the Investor.
To become a HotForex PAMM manager:
The Manager's Capital is the managers investment in his own PAMM Manager account which helps guarantee that the account will be treated with the best interests of the Investors in mind. As a result, the risks and benefits are shared between the Fund Manager and the Investors.
The amount of Manager's Capital that needs to be invested in a PAMM Manager account is the same as the Minimum Deposit (the minimum amount an Investor needs to deposit in order to participate in the PAMM Manager Account.)
Attention: Fund Manager must maintain the amount of minimum deposit required (or higher) on the Manager Capital Account. If funds are withdrawn, PAMM Manager account will be disabled and will not be able to accept new Investors.
Managers have to make a deposit as Manager's Capital Account or as their own private investment. In either case, the funds need to be deposited to the Manager's Investor Account.
The Minimum Deposit can only be equal or in excess of the Minimum Deposit Amount set on the Manager Account.
There are two methods of the Rollover execution which specifies the type of open positions partial closures during the withdrawal from PAMM Manager account. The Rollover Type under which the the trading adjustment will be carried is selected at the New PAMM Manager account opening. You can select one of the following:
Managers may set up to not disclose their Trading Activity on the Performance Page which means Investors will not be able to view the information about the Manager's trading.
To disable the Trading Activity on the Performance Page, please contact firstname.lastname@example.org
The Manager cannot change a live PAMM account type. In this case the Manager needs to open a new Manager PAMM account.
Fund Managers are required to maintain a balance of no less than the Minimum Deposit Amount on their Manager Capital Account (MCA) in all of their PAMM Manager Accounts.
In case the Fund Manager effects a withdrawal and balance of the MCA drops below the Minimum Deposit Amount requirement, the Manager Account is made inactive and removed from the list of active PAMM Fund Managers.
Inactive PAMM Manager Accounts cannot accept new investors. Only after the Fund Manager re-deposits the required amount in the PAMM Manager Account that it is listed back as an active account.
PAMM Fund Manager Account is not made inactive in case MCA dropped due to losses incurred on the Manager Account. Manager Account is made inactive only if withdrawal is detected (as detailed above).
All PAMM Manager Accounts inactive for a period of 1 month are automatically archived within your myHotForex.
The archived PAMM Manager Account will still be visible on both the Fund Managers' myHotForex and the PAMM Rankings webpage (under the inactive accounts). However, Fund Manager will not be able to make any deposits through their Manager Capital Account and/or trade on the account.
Additionally, existing investors in the Manager Account will not be able to effect further deposits and new Investors will also not be able deposit in the account.
Following an inactive period of 6 months since the last trade, the Master Account will be removed from the PAMM Rankings.Important: