Find below an overview of FXOpen’s May's PAMM accounts of those investors who prefer to continue investing during the summer period. This review will help you choose the PAMM managers worth paying attention to and, possibly, join their offer in the future.
Let us remind you that our Money Managers contest ended on April 29, 2022 — the results can be found in the news section on the FXOpen website. The peculiarity of this contest is that one needs to demonstrate high trading activity with low risks and a drawdown not exceeding the threshold of 20%.
By June 2022, 143 PAMM accounts were opened on the FXOpen platform for a total of 2,542,486.00 USD.
This manager has been trading on the FXOpen platform since August 2020. The maximum drawdown on the account is above average at 57.03%, but the account is highly profitable, so the number of investors is only growing. In May, the profit amounted to +17.58%, of which the investor's return is at least 75%. The maximum deposit load for the last month did not exceed 23%, the maximum drawdown was 44%. By June, no floating drawdown is observed. All deals are closed. Trading is carried out exclusively in EUR/USD. This provider's standard offer has not changed: 500 USD with a 10% early withdrawal penalty.
Inspecto’s trading style could be called steady. The drawdown since last year has yet to exceed 17.56%, while the yield looks very attractive. In May, the account earned +6.03%, the deposit load did not exceed 2.21%, and the maximum drawdown was at 2.58%. The trader mainly trades cross pairs, but regular currency pairs are also found in their toolbox. The provider's profitability can be called moderate. Since the beginning of the year, more than 70% of the profit has been earned. One can join the account from the amount of 50 USD.
One of the most stable providers on the FXOpen plаtform. The account has been opened in 2019, and statistics on it have been uploaded to the service since August 2021, that is, trading has been conducted for almost a year. The account can be characterized as stable, profitable, moderate in terms of risks. The maximum drawdown remains at 17.15%. In May, it did not exceed 4.53%, while the profit amounted to 6.43%. The main trading is carried out in the currency pairs AUDNZD, AUDCAD, and NZDCAD. One can join the provider from 200 USD, the penalty for early withdrawal is 5%.
The Pandorum account was opened in June 2020, and trading has been carried out since May 2021. The maximum drawdown for the year is 28.52%, but has not exceeded 15% for a long time. At the same time, the provider brings investors a pleasant return, and the number of account subscribers is growing. In May, the account yield was +6.19%. At the beginning of June, all deals were closed, and there was no floating drawdown. The main trading currency pair is NZD/CAD. The standard amount one can join the account with starts from 1 USD. There is no early exit penalty.
PierstageCapitl is a new account on the FXOpen platform, which has been showing good profit results so far. The maximum drawdown has not exceeded 8.2% since the opening of the account. The maximum drawdown in May is 2.56%, the maximum deposit load is 4.09%. Revenue for May was +7.31, and 27% has been earned since the beginning of the year. Main trading instruments: EURAUD, AUDNZD, EURCAD and other cross pairs. The account is intended for large investors, since it is possible to join with an amount of 10,000 USD or more.
hyBrazil is a stable and conservative provider trading generally positive over the long run. Since the end of 2021, trading statistics on the account have been able to level off without significant downsides. In May, the account earned 3.70% with a maximum drawdown of 4.20% and a deposit load of 11.53%, which, in principle, is quite a lot for a conservative account, but the profitability is also growing. It is possible to join this manager's offer with 20 USD. The yield on the account is small, but the investor receives 75% of the income.
Another newcomer to our ranking, this trader launched their account in November 2021 with a capital of 500 USD. The maximum drawdown on the account was 23.89%. But the yield is pretty good: in May, the profit was 44.29%. The manager trades only three currency pairs: USDCAD, AUDUS, and EURUSD. 81% of transactions are made on the EURUSD pair. An investor can join an account with an amount of 500 USD.
For over a year, haft8 has been trading on a EUR account. Since November 2021, not a single month has been negative. Since the beginning of the year, 66% has been earned in profit. In May, they were able to earn 7.33%, trading only EURUSD pair. Trading started with a deposit of 1067.1 EUR, which today is gradually growing. The maximum drawdown in May was 16%, the deposit load was only 10%. In early June, a small floating drawdown can be observed, but in general, the account is very promising. The minimum investment amount is 1000 USD.
This provider has been trading on the FXOpen platform since December 2019. Despite a not entirely successful 2021, since the beginning of 2022, the manager has been able to even out and earn 27% of the profit. In May, trading on the account brought 16.21% profit. The maximum drawdown in May was 12%, the deposit load was 1.45%. In general, the trading is quite stable. The number of subscribers has been increasing, and the fund amount on the account is growing. At the time of writing the review, no floating drawdown is observed. One can join this trader for $100, and there is no penalty set for early withdrawal.
A well-known conservative trader who has been trading on the FXOpen platform since November 2016. The account will soon be 6 years old. The maximum drawdown on the account did not exceed 15.06%. In May, the profit was 2.39%. Trading was carried out mainly in EURUSD, GBPUSD, AUDUSD, and USDJPY currency pairs. The minimum deposit to join is only 10 USD, and the investor earns 80% of the profit from the offer.
These were FXOpen's top 10 PAMM providers with good prospects to earn even more during the summer. We wish you the best of luck in your trading.
PAMM is not available for clients of FXOpen EU and FXOpen UK or residents of Australia.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.