PAMM Account (Percentage Allocation Module Management) is a feature that allows market participants to profit in the world of forex with a profit-sharing system. Professional traders who have experience and are proven to obtain consistent results can become account managers and manage the investors' funds entrusted to them.

So far, many brokers have provided the PAMM feature in forex trading activities. However, the FIBO broker is innovating further by providing PAMM accounts for crypto trading. Since the developing Blockchain technology is a new area, finding potential traders to trade cryptocurrencies is still quite tricky. Because of this, there is great potential that Bitcoin and Altcoin enthusiasts can take advantage of this FIBO service.

Trade 9 Cryptocurrencies on FIBO

Reporting from the announcement on the official page, the broker, who has been in the world of trading since 1998, stated that they added nine cryptocurrencies in the trading instruments on their PAMM account. Starting September 17, 2018, traders can transact using Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), Ethereum Classic (ETC), Zcash (ZEC), Dash, Monero (XMR), Bitcoin Cash, and Ripple (XRP). ).

Cryptocurrencies at the FIBO broker can be traded via the NDD No Commission MT4 account. The leverage offered on this account reaches 1:3. For positions held from Friday to Sunday, the swap rate is calculated three times. The advantage of using an NDD account provided by FIBO is that no commission is charged.

With the introduction of PAMM-enabled crypto trading accounts, broker FIBO expects its traders to have more diverse options in expanding their portfolio. In addition, managing a PAMM account is the best way to maximize the potential of reliable traders who will and have joined the FiboGroup service.