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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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Project Budget
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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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