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.
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| PAMM fund management https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4875 |
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| Author: | kingbee [ Tue Aug 30, 2016 2:51 pm ] |
| Post subject: | PAMM fund management |
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. |
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| Author: | dudest [ Sat Sep 03, 2016 4:00 pm ] |
| Post subject: | How does a PAMM work? |
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 |
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| Author: | dudest [ Sat Sep 03, 2016 4:01 pm ] |
| Post subject: | PAMM fund management |
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 |
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| Author: | xfactornos [ Sat Sep 03, 2016 11:47 pm ] |
| Post subject: | PAMM fund management |
I can say that as a US resident, I have deposited/traded and withdrew money from Tallinex with no issues. Just FYI. |
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| Author: | dudest [ Mon Sep 05, 2016 4:31 pm ] |
| Post subject: | PAMM fund management |
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| Author: | dudest [ Mon Sep 05, 2016 9:21 pm ] |
| Post subject: | PAMM fund management |
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 ) |
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| Author: | marcoFF [ Tue Sep 06, 2016 6:02 am ] |
| Post subject: | PAMM fund management |
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!  |
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| Author: | dudest [ Tue Sep 06, 2016 10:55 am ] |
| Post subject: | PAMM fund management |
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: |
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| Author: | DukeNet [ Tue Sep 06, 2016 10:58 am ] |
| Post subject: | PAMM fund management |
How do we see the performance? Do you have an average monthly return % or anything to give us an idea? |
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| Author: | umop999 [ Tue Sep 06, 2016 11:12 am ] |
| Post subject: | PAMM fund management |
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. |
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