This year’s summer was quite hectic. The financial crisis broke out as production dropped due to the worldwide spread of the COVID-19 virus. Currency pairs and other trading instruments can hardly be called stable, as movements often depend on investors’ concerns about the recovery of key markets. But, of course, there are also traders who were able to adequately assess the trading situation in August and turn it in their favor, earning good profit from the fluctuations of various currency instruments. In this PAMM review, we offer promising and profitable accounts for investment in the fall months.
By September 2020, the investment capital in FXOpen amounted to 2’101’557 USD on 169 PAMM accounts. For those wishing to test their skills as a PAMM manager, FXOpen launched a new stage of the free Forex School demo contest on September 7th. This contest of traders will last four weeks and close on October 2.
TOP 10 PAMM Accounts in August 2020
DevidGuetta is an old FXOpen resident. Their profit this year is quite stable. The provider has practically managed to reach first place in the rating. In recent days, their trading is carried out mainly in currency pairs USD/CHF and EUR/USD. In August they earned +10.14% on their account. It should be noted that in 2020 the manager has revised their attitude to risk and the drawdown this year did not exceed 12%. At the time of writing this review, there is no floating drawdown. The minimum size of the offer to join is 100 USD.
MinRisk had a very active summer. Having allowed a serious drawdown in June, they managed to recover and even make a profit. Despite the fact that in August their earnings were a little less than 1%, for the whole summer the trader made more than 130% of profits. Contrary to the name of the account, this trader can hardly be called conservative. Recently, the pair NOK/JPY has been trading.
ferisubagyo has been active since 05.03.2019. The trader was able to draw attention after recovering from a long-term drawdown. In general, 2020 was profitable for this manager. After serious drawdowns in early summer, the provider came out of the minus and earned over 310% in August. With this rate of return, the trader entered the top 20. Trading is conducted mainly in pairs USD/JPY and XAU/USD. You can join the account with the amount of 50 USD or more.
nepgusd trades on PAMM Crypto. As can be seen on the chart, its profitability is more or less stable with upward trends. Trading is mainly conducted on BTCEUR, BTCUSD, ETHBTC. In August, the trader managed to generate +6.67%, and for the whole summer almost 80% in profits. It is possible to join the manager from 100 USD. There is no floating drawdown at the time of writing this review. It should be noted that after the reduction of crypto trading commissions, the manager began to make more profits.
hyBrazil is a conservative medium-term trader that has been trading on the FXOpen platform since late 2015. Provider prefers trading with very low drawdown (usually it does not exceed 2-3%). The last high-point drawdown on this account was observed in November 2019 and reached 20.56%. Only EUR/USD and GBP/USD pairs are traded and 88% of all transactions are closed with a positive result. This summer the risks have been significantly reduced. In August the income was +1.06%.
bobr3, the winner of the “Forex Managers” contest, began to conduct conservative trading. Despite this, the profit in August was +15.63%, which is quite unexpected for its investors. Recently, trading has been conducted mainly with the currency pair GBP/USD. The maximum drawdown level is kept at 14.79%. Incidentally, the level was resumed at the end of July, but then the trader adjusted the situation. At the time of writing, there is no floating drawdown. You can join the manager with the amount of 100 USD or more.
IPFx2 has been performing quite stable since April, but in early September they suffered a drawdown. Nevertheless, it is worth paying attention to the provider, because in August the account income reached +31.91%. We advise you to observe the trader’s performance, as well as the #NDXm index that they trade. There is a close possibility of an exit from the drawdown. At the moment, the deposit load is still minimal. You can join the trader with the amount starting from 1 USD.
100W is a relatively new manager on the FXOpen platform. The provider has been trading all summer since the end of May 2020 and has shown quite a remarkable performance. In August, they earned +6.58% (with a maximum drawdown in August of 3.39%), and for the whole summer, the profit amounted to almost 40%. This is a very good result with a low drawdown of only 10.74%. Only EUR/CHF and AUD/NZD cross pairs are traded. 97% of its trades end favorably. You can join the trader from 100 USD. Penalty for early withdrawal is not provided.
Correlations has been trading on the platform since February 2015. Previously, they traded with varying success, while in 2020 there was a turning point, and the trader began positive trading. Judging by the chart, the Expert Advisor is trading on the account. Trading is carried out with a low deposit load. The drawdown level occasionally increases. For example, the maximum drawdown was updated in March. After that, it has almost completely disappeared. At the time of writing this review, there is no drawdown on the account. But before investing, we advise observing the level of day equity. You can join the account with an amount of 7 USD or more.
Overlord has been trading with FXOpen for a year now and is generally showing positive dynamics. Only 29 trades were opened during the year. This manager trades with stops. Maximum drawdown reached 26.38% and was updated in July. No drawdown at the time of writing was detected. In August, the manager was able to make +58.99%, but in July there was a drawdown of 21%. The trade of this manager is not stable, but it should be noted that they manage to quickly get out of the drawdown. You can join the trader with a minimum amount of 1000 USD.
We hope that this review will help you build a stable and profitable PAMM portfolio. It is only important not to forget the rule: do not invest your last savings and do not invest everything in one manager. We wish you all successful investments!
PAMM is not available for clients of FXOpen EU and FXOpen UK or residents of Australia.