PAMM fund management

kingbee · Post by **kingbee** » Tue Aug 30, 2016 2:51 pm

Just saw that!

There's a way round it by funding a bank account in your country as a non profit but thats a lot more admin,time and paperwork that would take away from your trading.

dudest · Post by **dudest** » Sat Sep 03, 2016 4:00 pm

dudest » Thu Aug 25, 2016 6:05 pm wrote:Have received this query. Thought an infographic would be the best way to explain

Courtesy of: https://justforex.com/blog/pamm-infographic/

==

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Clarifications:

1: Investor accounts in a PAMM setup are able to view all the info about the trades being made by the fund manager ( i.e. read-only )

2: Withdrawals before term period are allowed but incur a penalty ( going rate is usually 3% )

Cheers

dudest · Post by **dudest** » Sat Sep 03, 2016 4:01 pm

Hi peeps,

Been doing quite a bit of research in the background regarding options that can work for esp the US and EU folks

Shortlist became:
1) Tallinex
2) FX Choice
3) Trader's Way

I polled a few of you concerning the changes vis-a-vis HotForex terms [ e.g. higher minimum deposit ( going rate seems to be USD 1,000 ) ] and those polled were OK with the changes

[ PS: said brokers, because of their 'cowboy' nature (accepting US residents, etc) tend to charge more in terms of spread &/or commissions per trade; an acceptable trade-off, I guess ]

All factors considered, Tallinex seems to be the option to go for.

I have already submitted my fund manager application. Awaiting confirmation of approval then feedback to you guys

Thanks!, and nice weekend

xfactornos · Post by **xfactornos** » Sat Sep 03, 2016 11:47 pm

dudest » Sat Sep 03, 2016 12:01 pm wrote:Hi peeps,

Been doing quite a bit of research in the background regarding options that can work for esp the US and EU folks

Shortlist became:
1) Tallinex
2) FX Choice
3) Trader's Way

I polled a few of you concerning the changes vis-a-vis HotForex terms [ e.g. higher minimum deposit ( going rate seems to be USD 1,000 ) ] and those polled were OK with the changes

[ PS: said brokers, because of their 'cowboy' nature (accepting US residents, etc) tend to charge more in terms of spread &/or commissions per trade; an acceptable trade-off, I guess ]

All factors considered, Tallinex seems to be the option to go for.

I have already submitted my fund manager application. Awaiting confirmation of approval then feedback to you guys

Thanks!, and nice weekend

I can say that as a US resident, I have deposited/traded and withdrew money from Tallinex with no issues.
Just FYI.

dudest · Post by **dudest** » Mon Sep 05, 2016 4:31 pm

xfactornos » Sun Sep 04, 2016 2:47 am wrote:
I can say that as a US resident, I have deposited/traded and withdrew money from Tallinex with no issues.
Just FYI.

thumbsup.png

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dudest · Post by **dudest** » Mon Sep 05, 2016 9:21 pm

NEW ARRANGEMENT ( inclusive for US and EU residents )

Particulars:

Broker: Tallinex [ https://www.tallinex.com ]
Manager Account: 206791
Minimum Deposit: 500 USD
Success Fee: 20 %
Trading period: 1 Month

Joining: To open an Investor a/c under my management, visit: http://www.tallinex.com/open-pro-manage ... 1&s=206791

Requirements: Proof of Identity (e.g Passport scan), Proof of Address (e.g Utility Bill), Proof of Banking (Debit/Credit Card scan)

Proposed Start Date: Tuesday 13th September 2016 ( 1 week from now )

Post by **marcoFF** » Tue Sep 06, 2016 6:02 am

dudest » Mon Sep 05, 2016 10:21 pm wrote:NEW ARRANGEMENT ( inclusive for US and EU residents )

Particulars:

Broker: Tallinex [ https://www.tallinex.com ]
Manager Account: 206791
Minimum Deposit: 500 USD
Success Fee: 20 %
Trading period: 1 Month

Joining: To open an Investor a/c under my management, visit: http://www.tallinex.com/open-pro-manage ... 1&s=206791

Requirements: Proof of Identity (e.g Passport scan), Proof of Address (e.g Utility Bill), Proof of Banking (Debit/Credit Card scan)

Proposed Start Date: Tuesday 13th September 2016 ( 1 week from now )

Perfect! A question, "trading period 1 month " is the minimum period or after a month you stop that service?
Why the choose to change the seccess fee from 15 to 20? In any case I'm in!

dudest · Post by **dudest** » Tue Sep 06, 2016 10:55 am

marcoFF » Tue Sep 06, 2016 9:02 am wrote:
Perfect! A question, "trading period 1 month " is the minimum period or after a month you stop that service?
Why the choose to change the seccess fee from 15 to 20? In any case I'm in!

Hi Marco!

Trading period of 1 month is the cycle; that is: performance will be evaluated monthly

I initially wanted a performance fee of 20% with HotForex but that option was not possible, 15% was the only option available
Tallinex doesn't have the restriction, hence have reverted to original choice of 20

I appreciate having you in!, cheers :hi:

DukeNet · Post by **DukeNet** » Tue Sep 06, 2016 10:58 am

dudest » Tue Sep 06, 2016 5:55 am wrote:
marcoFF » Tue Sep 06, 2016 9:02 am wrote:
Perfect! A question, "trading period 1 month " is the minimum period or after a month you stop that service?
Why the choose to change the seccess fee from 15 to 20? In any case I'm in!

Hi Marco!

Trading period of 1 month is the cycle; that is: performance will be evaluated monthly

I initially wanted a performance fee of 20% with HotForex but that option was not possible, 15% was the only option available
Tallinex doesn't have the restriction, hence have reverted to original choice of 20

I appreciate having you in!, cheers :hi:

How do we see the performance? Do you have an average monthly return % or anything to give us an idea?

umop999 · Post by **umop999** » Tue Sep 06, 2016 11:12 am

dudest,

Just to confirm Hotforex is still on right?

Also, you've been trading CJ's method for quite some time now... do you mind telling what kind of drawdown you have been dealing with?

I ask because I see people trading very aggressively and always wondered what kind of drawdown one face while trading this method?

I wish you the best of luck.

Cheers.