The Forex and CFD broker HotForex started a PAMM accounts service (managed accounts) for its clients which allow to invest in the Forex market through professional account managers who are responsible for operating and managing the market open positions. In this case, the investors only have to deposit funds in their accounts and monitor the performance of the same over time. 


It can be said that the PAMM accounts are an option of Forex autotrading which is increasingly popular for the following reasons:
  • The accounts are a goog option to invest in the Forex market even to people without any knowledge about the financial markets. In this sense, PAMM accounts are also advantageous for investors with experience and knowledge, but with little time to analyze the market and trade on their own since this work is performed by the account manager.
  • PAMM accounts offer the possibility to diversify investments. For example, a trader can have a regular trading account and a PAMM account with HotForex at the same time.
  • This type of account ensures that the account managers trade with the utmost care and risk control because their own capital is also invested. To open a PAMM account and raising funds from investors, the manager must invest a certain amount of their own money.
  • The accounts allow to take advantage of the knowledge and experience of highly experienced traders in the markets.
  • Manager´s profits come from the benefits generated by their trades in the market using their own capital and the investor´s capital. This means that the investor only "pays" for the results.
  • The investors have the possibility to follow all trades performed by the manager and withdrawl their capital at any time.
As mentioned above, PAMM accounts are made by the manager's capital plus investor´s capital so that they can have a configuration similar to that shown below:
The managers of these managed accounts are able to trade with the following assets:
  • 41 currency pairs in the Forex market.
  • Precious metals and oil in the spot market.
  • Stock market indices such as the S&P 500.
In onder to choose the most appropriate account manager to manage our capital, Hotforex allows to verify each manager's performance through its web site since opening the account. In this case the trader can check the following aspects:
  • Account opening.
  • Winning and lossing trades.
  • Details about each trade performed by the manager.
  • Percentage of daily and monthly income.
  • Maximum gain and maximum loss.
  • Best and worst trades.
  • The style of trading.
  • Total percentage of winning trades.
  • Winning percentage of long trades.
  • Winning percentage of short trades.
  • Instruments with which the manager trades.
  • Initial capital and actual capital (gains).
  • Other.

Types of PAMM accounts offered by HotForex

Hotforex currently offers 2 different types of PAMM accounts which have different characteristics which are detailed below:
  • PAMM Premium: This is the regular PAMM account ofHotforex which requires a minimum deposit of $500. It uses the Metatrader 4 platform for transactions and allows to trade with currency pairs, precious metals and stock indices. It offers a STP execution of trades with extremely low spreads from 1 pip on and a maximum leverage of 1:200. The minimum transaction size is 0.01 lots and it does not charge commissions for transactions.
  • Currenex PAMM: This is a more specialized PAMM account which offers ECN trading conditions and requires a minimum deposit of $500. It uses the Metatrader 4 platform for transactions and allows to trade with currency pairs, precious metals and stock indices. It offers a STP execution of trades with extremely low spreads from 0.2 pips on and a maximum leverage of 1:200. The minimum transaction size is 0.01 lots and charges a fee of $5 for each traded lot
* The opening of the accounts can be made in euros and U.S. dollars.


If you want more information about Hotforex PAMM accounts please access the broker`s website through the following links:

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