What does PAMM stand for?
What is a PAMM account?
PAMM accounts are a transparent way for Investors to invest money with a Money Manager of their choice. The investments are gathered in a "pool of funds", also known as a Fund, to be used for trading by the Money Manager.
All profits and losses made from the trades will be divided to the Investors, depending on their share in the Fund. The Money Manager earns his share by creating an Offer in the fund, which the Investors must agree to prior to joining the investment.
Kindly note that Money Manager accounts can only be opened in USD.