The full autumn season has arrived, but, despite the cold weather, one still needs to be careful when selecting PAMM providers for one's investment portfolio. The storm in the currency and commodity markets, the politically unstable situation in some countries significantly affect trade. That is why all markets are characterized by increased activity. This review of PAMM accounts of providers that performed well in September will help investors make their choice.
As of October 1, 2023, FXOpen invested capital in PAMM accounts in the amount of $1,379,911.00, according to investflow monitoring statistics.
FXOpen’s TOP-10 September 2023 PAMM Accounts
This new FXOpen manager opened their account in July 2023. The opening deposit amount is decent: USD 5,000.52. The maximum drawdown is 3.91%, and the deposit load remains within 10.41%. In September, the profit was +12.11%. Main trading pairs: EUR/JPY, AUD/JPY, GBP/JPY. LarryGrant has launched his trading career successfully, and one can join this manager for USD 1,000 or more. By the end of the month there were no drawdowns observed.
This manager started trading with FXOpen in June 2020. For more than three years, the maximum drawdown did not exceed 33.33%. In September, 2.28% was earned. As of October, there is a slight working drawdown of 0.7%. The trader still prefers AUD/CAD, NZD/CAD and AUD/NZD currency pairs for trading. An investor can join this account for at least 1 USD. Favorable offer: the investor receives 65% of the profit. There are no penalties for the investor's early exit.
This manager began trading on FXOpen in December 2019. The trader pleases investors with stability in trading, although the profit in September was small: +2.20%. The load level (margin/equity) did not exceed 0.80%. Trading was carried out mainly in currency pairs: EUR/USD, EUR/GBP, USD/CHF, GBP/NZD. At the time of writing this review, there is a small working drawdown on the account. One can join this trader with just 100 USD; there is no penalty for early withdrawal.
VESBOLTSemiHFT began trading on the site in May 2021. They can be called a manager with a stable and conservative strategy. The maximum drawdown on the account since opening is only 8.82%. In September, they managed to earn a profit of 4.99%. The provider's main trading instruments are EUR/GBP, AUD/CAD, EUR/AUD, AUD/USD, CAD/CHF. One can join this PAMM account and try to make money with it for at least 1,000 USD. There is no penalty for early withdrawal.
Long-lived and conservative manager on the FXOpen platform, they began trading in February 2020. The main features of their trading are low risks and low deposit load, which allows investors to receive a conservative and stable income. The maximum drawdown since opening the account is 14.50%. The result for September is 3.12%. Some trades are still open and there is a small working drawdown. The main trading pairs are EUR/USD, AUD/USD, GBP/USD. One can join this account for at least USD 100 without early withdrawal penalties.
This manager began trading with FXOpen in June 2023. They trade moderately, taking into account conservative risks. The maximum drawdown on the account does not exceed 9.31%, and the deposit load is at zero level. In September, a profit of 2.89% was earned. The account can be promising in the future, subject to careful risk management. 84% of transactions end with a positive result. One can join this account with an amount of USD 100 without penalties for early withdrawal.
This provider began trading on the site in August of this year and immediately attracted the attention of investors with moderate profits and conservative risks. Since the account was launched, the maximum drawdown has not exceeded 1.09%, while in September a profit of 7.44% was earned. So far, all transactions have resulted in positive results. This account may be interesting to observe.
Another new manager on the FXOpen platform opened his account this August. Profit in September was 4.17%. The main income was obtained through trading the USD/CHF currency pair. The maximum drawdown at the moment is only 0.36%. To join this manager, one must make a deposit of at least USD 1,000, with a 10% penalty for early withdrawal.
The stability of this manager's trading in past periods has long attracted the attention of investors. They trade with low risks, and despite a slight decline in profitability, their strategy remains attractive. In September, a profit of +2.35% was earned, with a maximum drawdown for the period of 2.46%. The maximum drawdown on the account is 20.34%. The percentage of positive transactions is 76%. Main currency pairs are EUR/AUD, GBP/CAD, GBP/USD, and CHF/JPY. At the time of writing this review, there is no drawdown. The minimum investment amount per account is USD 100.
The manager began trading in September 2022 and has been showing consistently positive results since then. Since the beginning of 2023, there has not been a single month with losses. The maximum drawdown on the account is 18.04%. In September of this year, the yield was 3.23%, with a monthly drawdown of 0.32% and deposit loading at 1.02%. This manager trades only one currency pair, EUR/USD. To join this trader, one needs to make a deposit of at least USD 1,000. Investors are given a profit percentage of 81%, and there is no penalty for early withdrawal of funds.
This was an overview of the top providers on the FXOpen platform that could be considered for adding to an investment portfolio in October 2023 under favorable circumstances. We wish you the best of luck with your investments.
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.