Overview
Review the information below to compare the PAMM and PAMM Plus features and obtain the software that suite’s your trading needs to manage multiple accounts.
PAMM
Manage multiple accounts that have one currency denominator through the creation of a PAMM account. This software provides the money manager access to trade from one master account for all participants within the PAMM. Additional PAMM accounts can be obtained for different strategies and currency denominators.
PAMM Plus
Manage multiple accounts that have different currency denominators through the PAMM Plus. This software provides the account holder the ability to set participation levels, stop equity loss limits and allows to unsubscribe and subscribe instantly during market hours.
Software Comparison
Description | PAMM | PAMM Plus |
Ability to set a pre-determined stop equity loss on each account to limit the level of risk.¹ | X | |
One single order to the Liquidity Providers for execution, which eliminates latency and allows for even distribution of the lot size across all accounts. | X | X |
Client has access to the back office reporting, there is no requirement to download the software, just API connection. | X | X |
Customise the ratio of the order size that is placed by the money manager.² | X | |
Ability to subscribe and unsubscribe during market hours.³ | X | |
Performance fee is automatically collected when an account is de-mapped. | X | X |
Ability to manage accounts via FIX | X | X |
Customise the compensation settings across five types of fee structures. | X | X |
Ability to manage accounts with different currency denominators with one master account. | X | |
The software is built inside the ECN engine. | X | X |
Performance fee is calculated on the account high water mark. | X | X |
Performance fee is automatically collected and compensated to the manager if an account decides to close at any period during the month. | X | X |
As every individual has their own risk tolerance, this software provides the ability for an account to have an equity stop loss level in place. This feature can be utilised to protect the account during normal market conditions from losing excess amounts of capital than is anticipated by the account holder. The stop equity level can be activated from the account back office and the value can be modified as the account holder desires.
Please note that although the stop equity feature has its benefits, it does not guarantee it will prevent your account from incurring losses past your stop equity level or protect the account from incurring a negative balance during volatile market conditions or a market gap.
² The position multiplier feature allows for an account to customise the ratio of the order size that is placed by the money manager. This allows for each individual to set their preferences on how conservative or aggressive the account will be managed. The multiplier amount can be modified as needed by the account holder.
³ The PAMM Plus software allows an individual to subscribe or unsubscribe to a money manager in real time. The individual can access their back office to monitor the trading activity, pull report summaries, request to deposit or withdraw funds, submit a ticket inquiry and much more. As an individual subscribes to a money manager, the account will receive the trades once the money manager submits an order to enter into a new position. If the money manager is currently in a position prior to subscribing, the account will receive the trade once the money manager has closed its current position and places a new order. An individual can unsubscribe during market hours, once this request is made from the client’s back office, any open position(s) will automatically be liquidated at the market price and the account will be removed from the money manager’s service.