Despite the coming of the last autumn month and the U.S. presidential election, traders and investors are still active and trying to make more money preparing for the winter holidays. Of course, adjustments should be made in the light of various events that occur in developed countries and attract close attention.
In addition, a new wave of coronavirus pandemics is also affecting the market, increasing volatility and urging managers and investors to reduce risks. It is difficult to predict how cautious PAMM providers will be in late autumn, but now it is possible to choose traders from the most successful and stable ones and consider them as an option for the investment portfolio.
By November 2020, there were 173 investment accounts opened in FXOpen and $2’186’574.00 worth of capital invested.
The provider has been trading since 2016 and shows super-profitable trade in 2020. After a profitable period in summer, the manager took a short pause in September but returned to trading in October. The trader managed to earn +3.89%, and in November, the profit has doubled since the beginning of the month. In October, trading was mainly in WTI oil and gold. Last month’s drawdown did not exceed 5.66%, which indicates a very restrained trade. You can join a provider with an amount starting from 100 USD.
Despite not quite successful six months of trading, the provider is trying to restore the deposit. Although, it should be noted that the manager trades with a leverage of 1:300. The risks are very noticeable, and the maximum drawdown in October was also high. It is also worth mentioning the low deposit load. In October, the profit reached +9.22%. The manager most often trades cross pairs — AUD/NZD, AUD/CAD, NZD/CAD, EUR/AUD, EUR/NZD, AUD/CHF. At the time of writing this review, there is no drawdown on the deposit, and the load is minimal. You can invest in the account with an amount starting from 50 USD.
The manager is already known to many as a prize winner of the “Money Managers” contest. While participating in the three-month contest, the trader showed a decent profit with a minimum drawdown of 4%. At the moment, the maximum drawdown is 14.79%. In October, the manager earned +11.22%. Trading is conducted with leverage of 1:100. The provider has set the level of drawdown limitation at 25%, which is a new opportunity for investors to limit losses. You can join a PAMM-account with an amount starting from 100 USD.
The provider has been trading steadily since December 2019. The maximum drawdown on the account for the whole period was only 17.15%, with the maximum deposit load of 16.74%. This indicates very cautious and conservative trading. In October, the provider was able to earn +7.26% and about 163% for the entire trading period. Trading is usually conducted in cross pairs — AUD/CAD, NZD/CAD, AUD/NZD. You can join a provider with an amount starting from 200 USD. There is a small penalty for early withdrawal — 5%. Manager trades with leverage of 1:100.
The manager has been trading on the platform since 2016. The maximum drawdown for the whole period was only 13.80%. The manager’s trade is very conservative, and unprofitable trades are being quickly closed. Although the provider conducts conservative trading, the deposit load is always extremely low. In October, trading did not go quite well, and the month closed with a slight drawdown of -1.04%. The trader mainly trades the currency pair AUD/USD, and less often USD/JPY and GBP/USD. It is possible to join the manager with an amount starting from 10 USD. According to the offer, 80% of profit is deposited to the investor.
The provider has been trading on the platform since December 2019. Recently, there has been some stability and a positive trend. In September, profits reached +4.22%. The maximum drawdown in October was 2.61%, deposit load was extremely low. Since summer, the account has been trading steadily with conservative risks. In October, the provider most often traded in USD/CHF, USD/CAD, and cross pairs — EUR/CHF, GBP/NZD, AUD/NZD. You can join the account with an amount starting from 100 USD, there is no penalty for early withdrawal.
The provider has been trading on an ECN account since October 2019. For some time, they traded with minimal risks, but during the year the maximum drawdown has increased to 45.63%. The deposit load is still at a low level. Only #NDXm instrument is used in trading. Positions are held for a long time, so the account can be called a long-term one. At the time of writing, there is no floating drawdown. You can join this provider with an amount starting from only 1 USD. In October, there was a small drawdown of -4.35%, but it is already completely covered.
Despite the difficulties in trading (you can observe them on the price chart both in terms of the drawdown level and on the deposit load), the provider recovers the account. The risk, of course, could not be minimal, which led to an increase in the maximum drawdown of the account. In October, the account showed minimal negative values but has already been restored, so it can be considered promising in this month. Trading is carried out mainly in cross pairs.
The provider has been trading with FXOpen for over 2 years and is quite successful. The main pair for trading is EUR/USD, but sometimes trades on USD/TRY, NZD/USD, and others are open. This manager is not a conservative trader, for they occasionally increase the risks, so sometimes the drawdown and deposit load correspondingly increase. The new indicator update occurred in August. Leverage on the account is 1:100. In October, profit reached +10.85%. You can join a provider for only 50 USD, with no penalty for early withdrawal of funds.
The provider has been opening short and rare stop-loss deals since May. The maximum drawdown is around 14.97%. They trade intraday and only in AUD/NZD and EUR/CHF pairs. The leverage is set to 1:100. The profit is stable — in October, the manager earned 2.73%, and since the beginning of trading, the income has amounted to 33%. It is possible to join a provider for 100 USD, with no penalty for early withdrawal of funds.
These were potentially profitable PAMM providers as of November 2020.
Remember that there are no accounts without drawdowns, but you can always diversify your investments.
Follow these steps to start investing in PAMM platform managers on FXOpen:
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.