Summer is ending and autumn is coming soon, but providers continue to trade on their accounts and many of them do it very effectively. Despite the difficulties with some providers, investors are looking for the most profitable accounts every month. Therefore, we want to focus on those accounts that continue to attract interest from their subscribers. Here’s our next forecast on the traders’ results on the FXOpen platform.
As of August 1, 2020, 166 working accounts were opened in FXOpen and 2’092’162.00$ of subscribers’ funds were invested according to the statistics of Investflow monitoring.
Also, FXOpen is holding another round of Cryptomania, a free demo contest. Registration is open until August 16, 2020.
Top 10 most promising PAMM accounts based on July 2020 results
DevidGuetta is a provider that has been showing successful trading in 2020. Despite the slowdown in May and June, the trader was able to find the trend movement on major pairs and metals again. The profit was almost 50%. At the end of July, trading in gold, silver, and Lightcoin cryptocurrency prevailed. The maximum drawdown over the summer reached only 14%. You can join a provider with the amount of 100 USD or more.
Despite the difficulties in summer trading (you can see it on the price chart both in terms of drawdown and deposit load), this provider was able to restore the account. In July, they managed to earn +67.89% with a maximum drawdown of 50%. It should be noted that the provider most likely used an averaging down when leaving the drawdown, so the MinRisk account can be considered aggressive, despite the fact that trades can be held for several days or even weeks. Trading is carried out mainly in cross pairs.
FXSits is an interesting and stable provider with high potential for further earnings. With a maximum drawdown of only 9% in July, they were able to earn +125% on the account. In July they traded only in gold (XAU/USD). In general, since 2019 the maximum drawdown on the account reached only 29%. Investors will get 60% of the profit under the offer. You can join the account with the amount from 500 USD or more.
nepgusd and nepg are the accounts of the same provider. It is noticeable how their trading improves in the summer. The tools selected for trading are the same, the differences are observed only in the drawdown and deposit loading levels. Earning on accounts is 73% and 64% respectively. Trading is carried out both with the help of the Expert Advisor and manually. The Expert Advisor is a trend one, and, according to the provider, it has a good yield over a long distance. Manual trading is carried out with the help of technical analysis so that a trader can catch the turn and see a good opportunity to enter. It is possible to join with the amount from 100 USD or more.
July was not very successful for this provider, but hyBrazil can be considered as a support for the stability of the conservative portfolio. The provider has been trading with a maximum drawdown of 25% for almost 5 years. In July the profit amounted to +0.63%. EUR/USD and GBP/USD pairs were traded. You can join the provider from 20 USD. At that 75% of the profit goes to the investor.
bobr3 is a conservative provider. Trading has been carried out on the site for almost a year now, the account is opened in RUB. In July they were able to earn 3.25%, but there were also difficulties in trading with increasing the maximum drawdown to 14.79% in one day. At the time of writing, there is no floating drawdown. The provider was able to quickly restore the account. It is possible to join with the amount from 100 RUB or more.
This PAMM ECN account was opened on 01.10.2019 in US dollars. In summer the account drawdown did not exceed 7%. The trader started trading cautiously, so you can count it as a moderate provider with a high level of profitability. Only #NDXm instrument is used in trading. The trader can be considered a long-term one. At the time of writing this review, there is no floating drawdown. You can join a provider from only 1 USD.
Kraken is a long known conservative provider, trading on the site since 2016. In July, they managed to earn 2.95%. The maximum drawdown in July was 5%. According to the offer, it is possible to join the provider from 10 USD, with them taking 20% of the profit and no penalty for the early withdrawal. Kraken trades mainly intraday and with major currency pairs.
This provider has been trading since March 2020 but has a positive trading dynamics with low maximum drawdown, which has not exceeded 7.30% since the beginning of the account opening. They trade in cross pairs, open, and close trades during the day (no more than 3-4 transactions per day). In July they earned 3.25% on the account. The maximum drawdown in July was only 1%. You can join the provider with the amount from 100 USD. At the moment of writing this review, there is no floating drawdown.
These were the most promising providers, which can be considered as investments in August 2020. It is important to always track the most profitable PAMM-accounts. If a month is unsuccessful, revise your portfolio in favor of traders with stable and positive trading performance. We wish everyone successful investments!
PAMM is not available for clients of FXOpen EU and FXOpen UK or residents of Australia.