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How to open a PAMM account and become a Manager

Categorized as:PAMM accounts - Information for Managers

» How to open a PAMM account and become a Manager

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How to open a PAMM account and become a Manager

Please, take these steps to open a PAMM Account and become a Manager:

  1. Register on FXOpen forum. To do that:
    • Click Forum in the main menu;
    • To register on FXOpen forum click Register;
    • Fill in the Register forum form and click Complete Registration.

    Note! You can use your existing Forum login and password if you have registered earlier.

  2. Click Open a Live Account! on the FXOpen homepage and register FXOpen eWallet].
  3. Verify your eWallet.
  4. Log in to My FXOpen.
  5. Deposit to your eWallet not less than the Minimum Manager's Capital for PAMM accounts. You can make a deposit via any available payment system.
  6. Click Add New Account → PAMM. You can create:
    • a PAMM Standard account;
    • a PAMM ECN account.

    Note!

    The Minimum Deposit (Manager’s Capital) to create a PAMM Standard account: USD 200; AUD 200; EUR 200; GBP 200; CHF 200; JPY 20,000; RUB 6,000;

    The Minimum Deposit (Manager's Capital) to create a PAMM ECN account: USD 1,000; AUD 1,000; EUR 1,000; GBP 1,000; CHF 1,000; JPY 100,000; RUB 30,000.


  7. Fill in the registration form to create your PAMM account.


  8. Let us view in details all fields in the PAMM Manager: Open New Account form.
    • Available funds — select the eWallet currency in which you are going to make a deposit.
    • Account name — the name of your PAMM account which the Investors will see the when they accept your Offer, it can outline your trading style. Account name is also used:
            > in PAMM account rating;
            > in your FXOpen forum thread.

    • Account type — the type of PAMM account: PAMM Standard or PAMM ECN.
    • Account currency — select the currency of your new PAMM account.
    • Phone Password — any word or a combination of words that is easy for you to remember. If FXOpen gives you a phone call, we will ask for your name, address and possibly the phone password to verify your identity.
    • Repeat Phone Password — fill in the field to confirm your phone password.
    • Forum Login — your FXOpen Forum login.
    • Forum Password — your FXOpen Forum password.
    • Deposit — the size of Manager’s Capital. It must not be less than the Minimum Manager's Capital.
    • eWallet PIN — PIN code for your eWallet received after registration.
    • Updating of Investors’ Account. you can choose the renewal periodicity of Investor's Statement. It can be “daily”, “weekly”, “monthly” or “quarterly”.
    • Show equity to all — select this option if you want to show the total equity of the account and the Equity tab to all your Investors and others who monitor your account performance
    • Show Currencies to all — select this option if you want to show the Summary tab in Advanced Statistics of the account to all your Investors and others who monitor your account performance.
    • Show Statements to all — select this option if you want to show the Statements tab in Advanced Statistics of the account to all your Investors and others who monitor your account performance.
    • Allow Investor's offers — select this option if you want to get requests from Investors with their own investment parameters.
  9. Read and accept the document PAMM account Service Regulations.
  10. Click Create.

Afterwards you will receive an e-mail from FXOpen detailing your PAMM account registration information. You will also see a special thread on FXOpen Forum with your PAMM account name. Use this thread to communicate with your Investors.

PAMM accounts have fixed leverage of 1:100.


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