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Forex Managed Account (PAMM)

This project received 2 bids from talented freelancers with an average bid price of $5000 USD.

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Total Bids
2
Project Description

We are a group of full time traders and we manage accounts in clients

behalf in the Forex market. In a managed account clients own the

currencies that make up your portfolio. Unlike mutual funds or hedge

funds, which commingle your funds with other investors, a managed

account is in clients name and all or part of your funds can be redeemed

within one day.

How it works, is the investor opens up an account at a brokerage firm, the

investor then funds his or her account. No one can touch the money in this

account but the investor. The trader cannot even deposit or withdraw funds

from the investor's account, and the investor retains full access and

control over the account at all times. A managed account allows an investor

to have their funds traded professionally by an experienced trader via a

limited power of attorney agreement (LPOA).

The funds in clients forex trading managed account are in your name at the

broker. You are the proprietor of this account and the only one who can

make deposits to or withdrawals from this account. The only power you grant

to the trade manager for the managed program is the power to trade your

account through a Limited Power of Attorney, which also authorizes the

deduction of the agreed performance fee/profit share stated on the Limited

Power of Attorney.

A managed forex account enables the trader to trade an investor's account

on their behalf without having to transfer the funds into his account. It

is the ideal way to have your money traded for maximum safety and control.

Clients can check the balance of your account at anytime, see the daily

trade activity, or withdraw or deposit funds when you please. Clients can

also revoke your LPOA at anytime if they are not happy with how the trader

is managing their funds.

The trader managing the account trades all investor's accounts as one large

master account using PAMM or LAMM, or MAM software, which is offered by

most leading brokers. The PAMM (Percent Allocation Management Module, which

we use) distributes gains, losses and fees on an equal percentage basis. In

this way all accounts regardless of size obtain the same percentage returns.

Investors are typically granted live read only access to their managed

account either through an online report viewer or the trading platform.

They can then view their account, including balance and activities, however

they will not be able to place their own trades on the account, unless they

revoke their LPOA, which enables the trader the ability to trade on their

behalf.

We need people who will bring us new clients for a % of the overall profits.

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