Attention: If there are no open trades in the PAMM Manager account, withdrawals and deposits are instant (instead of being processed at rollover).
A trading period is selected by the Manager and can be either 2 weeks or 1 month. The trading period determines the Early Withdrawal Penalty. If an Investor withdraws before the end of the Trading Period then the Manager will collect Early Withdrawal Penalty Fee.
The Early Withdrawal Penalty is a percentage of withdrawal amount that the Investor will pay to the Manager if he withdraws before the completion of the trading period. This percentage is determined by the PAMM Manager and is recorded in the Manager’s Offer.
A Manager’s Offer (also called an ‘Offer’) is the Manager’s offer to the PAMM Investors. It includes the following parameters:
Attention: The Manager's Offer can be either Public or Private. In the event it is private, the PAMM account will not be publicly available.
When investing via your myHotForex area, you will have the option to select a Rescue Level. The Rescue Level specifies the percentage of an Investor's account balance that s/he can keep secured in case of loss. Once that level is reached, all open trades in the Investor’s account are closed and the remaining funds are no longer available to the specific Manager.
The Investor has to readjust the Rescue Level if they make withdrawals or any recurring deposits. The Rescue Level is not automatically readjusted in situations where profits are capitalised on the account.
As an Investor you will always be able to see your participation level in the PAMM account. This shows the size of your deposit relative to the total PAMM account.
The percentage of any profit made for the Investor that is payable to the Manager as his Success Fee.
Displays the performance statistics and rankings of HotForex PAMM Managers.
Shows the size of your investment account relative to the total PAMM Manager Account.
Move funds from your myHotForex to the chosen trading account.
Move funds from your investment account to your myHotForex.
See all transaction history. Pending Withdrawals can be cancelled from here.
Total trades closed on the account.
Withdrawals yet to be processed. If not cancelled, they will be processed at cut off time.
View all Investor accounts under the PAMM Manager Account.
If your PAMM account is listed under PAMM Account Rankings and open to the public for investment.
If an account is active then it is open for investment. If Manager’s Capital falls below the minimum deposit the account becomes inactive.
Minimum time period for new Investors to maintain their funds under a specific PAMM Fund Manager account.
Early withdrawal Penalty Fees paid to Manager when withdrawing prior to completion of Trading Period. Penalty Fee is a percentage of the withdrawal amount that the Investor will pay to the Manager if he withdraws before the completion of the Trading Period. This percentage is determined by the PAMM Manager and is recorded in the Manager’s Offer.
The percentage of funds that you can keep secured in case of loss. Once the Rescue Level is reached, all open trades relative to your investment are closed and the investment is no longer available to the specific Manager. Investors will have to readjust the Rescue Level following cash outs or re-deposits. The Rescue Level is not automatically readjusted in situations where profits are capitalized on the account.