Summing up the results of November, we choose to monitor the most attractive PAMM providers for investment. Investors are mostly interested in good returns and low drawdowns. In today’s PAMM review on the eve of the Christmas holidays we will look at profitable PAMM accounts for a moderate portfolio.
By November 2020, there were 172 investment accounts opened in FXOpen and $2’106’389.00 worth of capital invested.
This PAMM provider has been demonstrating successful trading for almost the whole of 2020. At the beginning of the fall, the provider behaved conservatively, but in November the monthly profit was +7.31%. It is worth noting that they traded very successfully without significant drawdowns. In November, they traded mainly in cryptocurrencies: LTC/USD, BTC/USD, XRP/USD. The maximum drawdown in November did not exceed 2.51%. It is possible to join the provider with 100 USD or more.
This provider has been trading fairly confidently on FXOpen since July 2016. Since April 2020 they have been trading in profit with minor losses. In November, the profit was 4.56%, in December, the positive trend persists. Deposit load in November did not exceed 7%. The manager chart shows some spikes, indicating the use of averaging on the exit from the drawdown. MinRisk account style can be considered as quite aggressive, but profitable at the same time.
The provider has been trading at FXOpen for almost a year since December 2019. The year 2020 has turned out quite well for them. Since July, they have been selling at significant drawdowns, bringing in conservative returns every month. As a result, half-year earnings were almost 40%. In November, the income was 6.74%. It should be noted that the manager traded with minimal deposit load, which did not exceed 1.5% in November. It is possible to join the trader with only 100 USD.
The provider was in a drawdown for some time, but now we can see that they are trying to recover, showing positive dynamics. August, September, and October were loss-making, but in November the trader showed an impressive 159% return. Long-term trades were closed on EUR/NZD, #NDXm, USD/CAD. At the moment, there is no floating drawdown, the deposit load is minimal. It’s possible to join the account with 500 USD or more.
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These are accounts of a single provider. Trading tools are the same, but the provider takes into account a different level of deposit load. In the first months of the fall, trading resulted in almost zero results. Accounts gains were 21.14% and 16.13% respectively. Manager traded both manually and using an expert advisor. According to the manager, their trend expert advisor has good long-term profitability. Trading is conducted manually with technical analysis to catch a reversal and see a good entry opportunity. It is possible to join the account with 100 USD or more.
Trading on the account has been conducted in USD since October 2019. It should be noted that the fall was not very successful for the provider. The trader closed September and October with losses. The maximum drawdown during this period reached 27.7%. In November, the drawdown gradually decreased and came to naught, and the trader managed to reach profit and earn 20.13% over the month. At the moment there is no floating drawdown on the account. It is possible to join the provider with just 1 USD.
This provider has been trading on the platform for more than 4 years and is considered one of the most consistent. That is why, despite the quite successful result in November, the account should be included in this rating. In November, the account balance showed -2.89%, but we can already observe the recovery process. The maximum drawdown in November did not exceed 4.89%. At the time of writing the review, there are open trades on the account, there are no floating drawdowns. According to the offer, it is possible to join the manager with 10 USD or more.
The provider is a newcomer to the platform. The account was opened in March 2020, but the trader has already managed to show consistent and potentially profitable trading. Goodsense trades with low deposit load and low maximal drawdowns. The maximum drawdown since the account opening did not exceed 7.30%. Cross pairs and sometimes major pairs are used in trading. No more than 3-4 transactions are opened and closed during the day. It’s possible to join the provider with the amount starting from 100 USD. There is no floating drawdown at the moment of writing the review.
The provider has been trading on the platform consistently for almost a year since December 2019. The maximum drawdown of the account during this period has not exceeded 17.15%. The trading results for November are insignificant, amounting to a 1.56% return. But this is the worst result for the whole year. In 2020, the provider was able to earn almost 170%. They trade only AUD/CAD, NZD/CAD, and AUD/NZD pairs, opting for long trades. There is no floating drawdown at the moment of writing the review.
These were the most promising providers to consider as investments at the end of 2020. It is important to regularly monitor the most profitable PAMM accounts and, in case of a negative month, revise your portfolio in favor of traders with stable and positive trading performance.
PAMM is not available for clients of FXOpen EU and FXOpen UK or residents of Australia.