FirewoodFX is still said to be a newcomer forex broker. However, this broker continues to improvise by adding and developing various trading services, one of which is launching the PAMM service.
PAMM (Percentage Allocation Module Management) is a form of collective investment services in the forex market. PAMM accounts provide an opportunity for owners of capital who cannot trade and are reliable traders but do not have enough capital to cooperate. In the PAMM system, some traders act as money managers, and some act as investors.
Apart from FirewoodFX, there are indeed many brokers that provide PAMM services. Instaforex, for example, is one of the brokers that provide PAMM services. Then what are the advantages of the FirewoodFX PAMM service? Simple and safe!
Simple And Safe
PAMM account registration at Firewoodfx is known to be easy and fast. Investments, fee calculations, and withdrawal processes will be calculated automatically by FireWoodFX, so that fund managers can only focus on trading.
Investors also don't need to worry about their funds being rushed by the fund manager because they are only authorized to trade existing funds but cannot withdraw. Profit sharing will be processed automatically when starting.
For those interested in becoming a Fund Manager, you only need to set fees and rules for each of your trading projects. Once a PAMM MT4 account is created, the manager must invest as a capital manager. After the investment is processed, the PAMM project will be active, and the manager's capital cannot be withdrawn as long as the PAMM project is still active.
Meanwhile, to become an investor, investors must first enter the investment amount. Investments will be processed from the FirewoodFX Wallet account, so ensure the balance is sufficient. The FirewoodFX Wallet Account will process profits and withdrawals from the PAMM account. Then how to choose the manager? FirewoodFX provides a unique table containing Fund Manager's data that investors can choose from.
More information about the FirewoodFX PAMM account can be clicked on the FirewoodFX official website.
FirewoodFX is a broker that provides fixed spreads and fixed exchange rates. Apart from that, this broker offers leverage of up to 1:1000, a minimum deposit of $10, and bonus programs to boost traders' earnings.