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The following article was published in our article directory on April 18, 2014.
Learn more about SpinDistribute Article Distribution System.
Article Category: Finances
Author Name: James Smith
One of the most established names in the foreign exchange market has now opened its doors to interested traders who would want to take advantage of a proven trading service that not only lessens the risks associated with trading, especially for first-timers and those who have had enough of losing trades everytime they dip their fingers in actual trading.
True to its motto of "Instant Forex Trading", Instaforex (www.instaforfex.com) has launched its latest managed account system called InstaForex PAMM, where those who would like to take advantage of controlled yet profitable Forex trading can enjoy this service by simply registering with them and selecting InstaForex as their trading partner. This involves the use of what they call a "managing trader", in other words, the money manager, who will be responsible for executing the trades which are stored in an integrated PAMM software which stores all data, including investment amount.
Using what percent allocation management module, or PAMM, trading has to offer, InstaForex PAMM does not impose a minimum investment limit to those who would like to deposit in this product. In fact, the broker does not impose any investment limits – with InstaForex PAMM, you can deposit as low as $1.00 in order for your trade to get going!
To open an InstaForex PAMM trading account, all an interested trader has to do is to sign up for an InstaForex live account and submit the necessary Know Your Customer (KYC) documents. (Demo accounts are not eligible to take a stab for a PAMM account until he upgrades into a live one.) To complete the InstaForex PAMM registration, just login to the Client Cabinet using your live account, then look for the PAMM System link and enter your contact information, most notably your e-mail address and a working phone number. There, your account will then be upgraded to that of a PAMM investor.
Some of the salient benefits of having an InstaForex PAMM account include, but are not limited to the following:
1. The flexibility to choose a managing trader where you could part your money so he could trade it based on prevalent market conditions and access to the managing trader database so you could begin your search for one;
2. Viewing your managing trader's history of your trades and contact details where you could correspond for questions and concerns;
3. Option to make small or large investments as per your preference;
4. Choosing an automatic withdrawal mechanism where you could withdraw your profits, with a minimal penalty as per the Terms and Conditions;
5. Viewing your profit history where detailed information about profits is listed; and
6. Protection from unwanted withdrawals especially in open trades that are in progress.
Just like any other Forex broker in the market, please be advised that InstaForex is here to offer PAMM as a Forex investment vehicle and does not in any way promote guaranteed profit as this is dependent on how a managing trader executes trades and market conditions where the broker has no control of, though.
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