How to use AZAforex's PAMM service as an investor? Table of Contents
How to become an Investor of AZAforex’s PAMM program?
To become an investor, your trading account balance must be over 1 USD.
You only pay a percentage of the commission to the trader. You do not pay anything to the AZA broker, but the broker only earns the spread from the trader’s orders.
Other brokers who use the outdated Metatrader 4 terminal to copy a transaction to your account must always keep the gadget turned on.
AZAforx has created a modern system in which transactions are made directly on the server and therefore there is no need to keep the Mobius Trader 7 terminal on all the time.
AZAforex offers MT7 but not MT4 because AZAforx is interested in the profitability of the clients.
In the MetaTrader 4 terminal, you cannot see the real volumes that are hidden behind the lots.
Metatrader 4 is not an exchange terminal, it is impossible to use the order book in it.
It is technically impossible to use ECN trading in Metatrader 4.
There are also several other problems with using their programming language.
How profit is divided by PAMM’s investors?
For example,
The trader opens an account and makes a deposit of 100 USD – this is his initial investment. Each of the three investors made a transfer of 100 USD. The total balance on the trader’s account becomes 400 USD.
Regardless of the results of trading, whether the trader makes a profit or loss, each of the investors, including the trader, has the right to 25 % of the account funds.
The trader closes the order and earns 200 USD. Now he has 600 USD on his account. Since the share of each is 25 %, now each of them has 150 USD.
The trader and investors can be calm since all calculations are done by the trading terminal with mathematical precision.
Let’s say one of the investors decided to withdraw a profit of 50 USD and leaves 100 USD on the account.
The program then recalculates the percentage of each investor.
If earlier everyone owned 150 USD, now three have 50 USD, and one has 100 USD. The total account balance remains at 550 USD.
After recalculation, three investors will have 27.27 % each, and one 18.18 %.
Thus, any trader can invest money in a trader at any time and withdraw money at any time. Immediately, the program will automatically change all current orders that have been placed on the interbank market.
If the trader later increases the account balance to 950 USD, then the interest will not change, which means that the share of three will be 250 USD each, and one has 200 USD.
That is why AZAforx considers the PAMM system to be the best on the market.
Go to AZAforex Official Website
FAQs about AZAforex’s PAMM service
Here are some of the main FAQs regarding AZAforex’s PAMM service.
- How much do I pay for the right to invest?
- You only pay a percentage of the commission to the trader. You do not pay anything to the AZA broker, AZAforx only earns the spread from the trader’s orders.
- What happens if a trader takes a loss?
- In this case, you will also receive a loss proportional to your share of the account.
- Do I pay the trader his percentage if he got a loss?
- No, in this case, you do not pay the trader anything, but if you paid the trader before, then these payments will not be refunded, even if the trader suffered a loss.
- What can I do to get more investment?
- The best way is to make a profit. Also, a good way would be to invest in your account on your own so that investors can see that the amount on the account is large. You can create your website or topic on any forum and write about your trading and investment methods.
- How can I be sure that the trader is not a beginner?
- First of all, look at the profit and the size of the investment. If a trader trades on the market using his capital, then he is trading quite carefully. Choose a trader with a long history.
- Does it make sense to invest in a losing trader?
- Sometimes a trader’s success comes in waves. When studying his order history, you can see that he earned a profit for several months, then lost money for some time. In this case, it might make sense to invest in it at the end of the expected period of failure.
- When will a trader be able to withdraw funds?
- The trader can disconnect any investment and receive his percentage of the profit. If a trader invests in himself, then he can do any actions with his investments.
- Do investors receive a message if a trader withdraws funds?
- The trader can disconnect the investments of all or individual investors. He can also unload with his investments. You will only receive a message if something happens to your investment.
Start Copy Trading with AZAforex
Please check AZAforex official website or contact the customer support with regard to the latest information and more accurate details.
AZAforex official website is here.
Please click "Introduction of AZAforex", if you want to know the details and the company information of AZAforex.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!