FirewoodFX is a broker that was founded in 2014. This broker, which focuses on the Asian market, on May 9 announced its newest account type, PAMM Service. PAMM ( Percentage Allocation Management Module ) is a particular type of account used by traders who can act as fund managers to manage their capital and capital from investors or become investors whose funds are managed by fund managers. The manager determines specific fees and limits for traders to ensure a smooth trading plan and a mutually beneficial relationship between traders (fund managers) and investors.

The difference between ForexCopy and PAMM Service FirewoodFX

Before launching the PAMM Service, Firewood FX already had the ForexCopy type of service. ForexCopy is a service where users can imitate or copy signals/orders from ForexCopy traders. This is done by following traders who are leaders in ForexCopy. If you are already familiar with Zulutrade, this service should be familiar. ForexCopy users do not need to provide trading capital to signal providers.

Unlike ForexCopy, PAMM Service requires fund managers and investors. Investors provide trading capital to fund managers, and fund managers will manage trading for investors. The fund manager can determine the fees and rules for each project it accepts.

Advantages of the FirewoodFX PAMM System

The investment, fee, and withdrawal process will be calculated automatically through the FirewoodFX PAMM System. Fund managers will be free to focus on trading. Investors can invest in a safety mechanism because fund managers can only trade on funds provided by investors but cannot withdraw these funds. The trading performance of PAMM projects is also monitored and analyzed so that investors can choose a PAMM project that has good performance and is suitable before investing.

PAMM Service is the right solution for professional traders to offer promising trading portfolios. You can choose the appropriate account for your needs. Investors can also easily choose and make variations of various portfolios.