Envi FX: What are PAMM Accounts?
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Modified on: Wed, 24 May, 2023 at 1:20 PM
- PAMM stands for Percentage Allocation Management Module.
- The PAMM system is a form of pool funds for trading.
- An Investor can allocate the funds in a chosen pool opened by a Money Manager (Trader) to allow the funds to be used for trading by the Money Manager.
- Money Manager sets an offer, investors can review the offer and choose to join.
- The Money Managers will trade with the Investors' fund and the profit will be distributed accordingly according to on how the offers are set by the Money Manager.
- PAMM accounts can be created on the MetaTrader4 and MetaTrader5 platforms. Please note that MT4 accounts can not be used to log into MT5, and vice versa.
- Kindly note that Money Manager accounts can only be opened in USD.
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