Professional answers
to your questions
Alpari (HELP)
Regulated by the FRA
Financial Regulation Agency
PAMM Account
About PAMM
For Managers
For Investors
Deposit / Withdrawal
What is a PAMM-account?
A PAMM-account is a trading account that consists of one or several Managed accounts, representing independent and unified trading structure, that is traded only by the Manager of the PAMM-account. Several Managed accounts included in a PAMM-account are considered by the trading platform as an integral whole.
The principle of work of the PAMM-account lies in proportionate distribution of losses and gains, between the Investors' accounts.
A PAMM-account is advantageous for Investors from the point of view of receiving potential profit without necessity to execute any trading operations and for the Manager it is advantageous as he receives remunerations for Managing accounts of Investors.
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Who is the Manager and how to become it? How can I open PAMM-account?
Manager — is a company's client who opened an account (PAMM-account) in order to Manage the funds of other Сompany's Сlients (Investors). Manager aims theprofit making and Investors' Accounts Management Fee.
In order to become a Manager you should:
- 1. Open a Live Account classic.mt4;
- 2. Make a deposit not less than minimal Manager's Capital;
- 3. Go to "Manager's Area" in your Personal Area;;
- 4. Fill in all the fields according to hints;
- 5. Read and accept «PAMM account» regulations;
- 6. Press «Open a PAMM-account» button;
- 7. Check your mail-box. Your registration details were sent to your e-mail.
We also want to pay your attention, that for creation Manager's offers, you have to give us additional documents.
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What is Manager's Capital and Manager's Capital Account?
The Manager’s Capital - is the funds that the Manager transfers to his own Managed account (Manager's Capital Account) as a guarantee that Investors’ interests will be observed. In other words these are public investments of the Manager in his own PAMM-account which he risks on a par with the other Investors of this PAMM-account.
The guarantee that Investors’ interests will be observed lies in the fact that if the trade in the PAMM-account is loss-making the Manager will suffer losses as well. The bigger the Manager’s Capital the larger funds the Manager risks and the more attractive he looks for Investors.
Note! It is possible to change the Manager’s Capital only upwards and only in case if the Capital Account balance is greater than the value of the indicated Manager’s Capital. The Manager’s Capital can be withdrawn from the PAMM-account only in case of the liquidation of the PAMM-account.
The Capital Account of the Manager - is a Managed account that belongs to the Manager and is meant for:
- 1. Manager's Capital placements;
- 2. Manager's own funds investments (non-public investments without accepting the Manager’s Offer).
- 1. An example of increasing and placing the Manager’s Capital The Manager created a ruble PAMM-account and assigned the Manager’s Capital - 70 000 RUR, these funds are on the Capital Account of the Manager. By the end of Trading interval successful trade resulted the balance of the Capital Account of the Manager equal to 80 000 RUR. The Manager increased the value of the Manager’s Capital by 5000 RUR (the Manager’s Capital became equal to 75 000 RUR). The fund balance of 5 000 RUR was withdrawn at the end of the Trading interval to the Manager’s classic.mt4 account.
- 2. An example of Manager's own investment:
After actions described in the example 1 the Manager deposited the fund balance (5 000 RUR) as non-public investments.As a result the balance on the Capital Account of the Manager amounts to 80 000 RUR from which 75 000 RUR constitute the Manager’s Capital and 5 000 RUR are non-public investments.
At the end of the current Trading interval the amount of non-public investments taking into consideration profits and loss of the Managed account will be automatically withdrawn to the Manager’s classic.mt4 account.
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How can I make a deposit to the Account of the Manager's Capital?
In order to make a deposit to the Account of the Manager's Capital you should:
- 1. Enter the Personal Area;
- 2. Enter the Investor's Area;
- 3. Find the Managed Account with the name of your PAMM-account in the table «Managed Accounts»;
- 4. Press «Enter»;
- 5. Enter the necessary amount, confirm the deposit and press the «Make a request» button.
Terms: In case if the request is made before 14:00 Moscow time, it will be executed during the Current Rollover. If the request is made after 14:00 Moscow time, it will be executed during the Next Rollover.
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How can I change the Manager's Capital?
Note! The Manager's Capital can be changed upward only and on condition that the balance of the Manager's Capital Account is above or equal to the indicated value of the Manager's Capital. For this You should get profit or Make a deposit to the Account of the Manager's Capital.
In order to change the Manager's Capital You should:
- 1. Enter the Personal Area;
- 2. Enter the Manager's Area;
- 3. Press the link «Change the Manager's Capital»;
- 4. Enter the new value of the Manager's Capital, learn and agree the terms of the changing the Manager's Capital and press the «Change» button.
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What is the minimum of the Manager's Capital to open a PAMM-account?
To open a PAMM-account it's necessary to indicate the Manager's Capital:
- not less then 300 usd (for the accounts with USD as the deposit currency);
- not less then 200 eur (for the accounts with EUR as the deposit currency).
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What documents do I need to create a Manager Proposal?
To create a Manager Proposal, you need to confirm your registration details.
You can do this in one of two ways:
- Personal visit to an Alpari office (no notarial certification)
- Postal delivery of apostilled documents
Confirmation Criteria for Individuals
1. Personal visit to an Alpari office
You can complete the confirmation process at the following Alpari locations:
You must have your passport with you.
2. Postal Delivery of Apostilled Documents
You must send your application with a notarised signature and all the necessary documents.
The application to confirm your registration details can be in the following languages:
In the case that the official language of your country is not mentioned above, you must send a notarised translation of your application into one of the aforementioned languages.
Confirmation Criteria for Legal Entities
1. Personal visit to an Alpari office
You can complete the confirmation process at the following Alpari locations:
You must have the following documents with you:
- Letter of attorney from the company (apostilled original or apostilled copy);
- Passport or official ID (2-page spread/side with photo and signature) (original or apostilled copy);
- Company registration certificate (apostilled original or apostilled copy);
- Certificate of Good Standing for companies more than one year old (apostilled original or apostilled copy);
- Document confirming the appointment of company directors, with their authorised signatures (apostilled original or apostilled copy). (This requirement can be fulfilled with a Certificate of Incumbency or another similar document);
- Document confirming the company seal (apostilled original or apostilled copy)/sample of the company seal;
- Document confirming the company's registered address (apostilled original or apostilled copy).
You must fill out and sign the application in its prescribed form in the presence of an Alpari employee.
2. Postal Delivery of Apostilled Documents
You need to send:
- Letter of attorney from the company (apostilled copy);
- Passport or official ID (2-page spread/side with photo and signature) (apostilled copy);
- Company registration certificate (apostilled copy);
- Certificate of Good Standing for companies more than one year old (apostilled copy);
- Document confirming the appointment of company directors, with their authorised signatures (apostilled copy). (This requirement can be fulfilled with a Certificate of Incumbency or another similar document);
- Document confirming the company seal (apostilled copy)/sample of the company seal;
- Document confirming the company's registered address (apostilled copy);
- Application in the prescribed form (original).
In the case that the documents listed above are not issued in the country of registration of your legal entity, please contact us to reconcile the list of documents.
The application to confirm your registration details can be in the following languages:
In the case that the official language of your country is not mentioned above, you must send a notarised translation of your application into one of the aforementioned languages.
Attention!
Please be careful when filling in your application.
Trading Account Number - This is the login to your Personal Area, it should consist of letters and 4 numerals.
Trading Platform Login - This is your pamm.mt4 account login to MetaTrader, which was sent after your registration for a PAMM-Account.
If the application is filled in incorrectly or the quality of the copy of your passport is unsatisfactory, Alpari cannot accept your documents.
The documents can be delivered by courier to any of our offices or posted to the following address: POB 501, Glavpochtamt, Moscow, Russia, 101000, noting the destination: "Investment Department".
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If I'm a Manager how can I revise the terms of my work with the Investors?
Once created Manager’s Offer can’t be deleted but it can be deactivated. To do this it is necessary to:
- 1. Enter the «Manager's Area»;
- 2. In the menu «Offers» remove the tick from the Offer that has to be deactivated.
New Investors won’t be able to accept the inactive Offer but the Investors who already work under this Offer will work in accordance with its conditions until they submit a request to withdraw all the funds or until the PAMM-account is deleted.
Thus it is impossible to change conditions of work without agreement of both parties. - Read Close 8
Are the Manager's transactions protected from copy?
Statements for the previous trading days are formed during execution of Rollover. Details...
When the Manager creates a PAMM-account he indicates the periodicity of Statements updating to protect transactions from copy.
Variants:- daily;
- weekly;
- monthly.
Daily
If the Investor chooses «daily», he sees in full the values of all the columns of the Statement on the trading transactions for the previous day exactly after the Rollover. This variant is suitable for Managers with intraday trading strategies and other tactics allowing to publish the full Statements for the previous day exactly after the Rollover.
Weekly
If «weekly», Investors may see only the names of the instruments in the Statement during the current trading week. Investors will see in full the values of all the columns of the Statement on the trading transactions for the previous week exactly after the last Rollover of the week.
Monthly
If «monthly» version is chosen, Investors may see only the names of the instruments in the Statement during the current trading month. Investors will see in full the values of all the columns of the Statement on the trading transactions for the previous month exactly after the last Rollover of the month.
Note! Non-trading operations are displayed exactly after the execution of the corresponding operations regardless of the chosen variant of updating of the Investors' Statement.
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I am a Manager, how can I add a Partner to my list?
In order to add a Partner to your list You should:
- 1. Enter the Manager's Area;
- 2. Go the to «Partners» Section;
- 3. Go by the link «Add a Partner»;
- 4. Enter the Partner's Login (Login to MetaTrader 4), Shared Remuneration, Remuneration for acquisition, post comments if desired.
In order to fix only one type of the Remuneration you should enter 0 (Zero) in the field of the undesirable Remuneration.
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How can I adjust my trading positions when an Investor makes a deposit or withdraw funds?
Manager must independently watch the volume of all open positions on a PAMM-account. Deposit/Withdrawal Notifications are sent to the Manager as soon as the deposit/withdrawal request is made in the Investor’s Area. Thus the Manager has at least 12 hours to take the necessary measures before the request is executed during the Rollover.
Here below you can find the examples describing some variants of positions adjustment in case of deposit/withdrawal of funds:
At first let’s consider a simple situation:
There is a PAMM-account consisting of two Managed accounts and Manager’s Capital account. PAMM-account Equity is 10,000 USD.
The Manager opens a buy position in EUR/USD with 4 lots volume at 1.29000 price.
Start Manager 3000 USD Investor 1 1000 USD Investor 2 6000 USD
At the Rollover the price comes down to 1.28800, therefore the proportionally distributed loss of 800 USD is resulted on the account.
Start Rollover 1 Manager 3000 USD 3000 - 240 = 2760 USD Investor 1 1000 USD 1000 - 80 = 920 USD Investor 2 6000 USD 6000 - 480 = 5520 USD
After the Rollover the price climbs to 1.29300, therefore the proportionally distributed profit of 2000 USD is resulted on the account.
Start Rollover 1 Rollover 2 Result Manager 3000 USD 3000 - 240 = 2760 USD 2760 + 600 = 3360 USD 3360 USD Investor 1 1000 USD 1000 - 80 = 920 USD 920 + 200 = 1120 USD 1120 USD Investor 2 6000 USD 6000 - 480 = 5520 USD 5520 + 1200 = 6720 USD 6720 USD
Now let’s consider the same situation but with the deposit or withdrawal of funds.
Funds Deposit.
Let’s consider the situation when making a deposit.
There is a PAMM-account consisting of two Managed accounts and a Manger’s Capital account. PAMM-account Equity is 10000 USD. The Manager opens a Buy position in EUR/USD with 4 lots volume at 1.29000 price.
At the Rollover the price comes down to 1.28800, therefore the proportionally distributed loss of 800 USD is resulted on the account.Start Rollover 1 Manager 3000 USD 3000 - 240 = 2760 USD Investor 1 1000 USD 1000 - 80 = 920 USD Investor 2 6000 USD 6000 - 480 = 5520 USD
The Manager was notified that 1 Managed Account with 5000 USD of investments is added to his PAMM-account during the current Rollover.
At the Rollover the Manager has to adjust the trading positions taking into account the new investments:
As we consider the example with making a deposit the Manager has to get the additional volume. The necessary volume can be calculated as follows:
(SumInv / Equity) * Lots
Where:
SumInv – new investments amount,
Equity – PAMM-account Equity at the Rollover,
Lots – Gained assets volume.
In our example: (5000/9200)*4 = 2.16It means that in order to adjust the trading positions the Manager should buy 2.16 lots in EUR/USD.
Thus the open position is BUY - EUR/USD 2.16 1.28800
Start Rollover 1 Manager 3000 USD 3000 - 240 = 2760 USD Investor 1 1000 USD 1000 - 80 = 920 USD Investor 2 6000 USD 6000 - 480 = 5520 USD Investor 3 0 USD Deposit 5000 USD
After the Rollover the price goes up to 1.29300, thus the proportionally distributed profit of 2880 USD is resulted on the account.
Start Rollover 1 Rollover 2 Result Manager 3000 USD 3000 - 240 = 2760 USD 2760 + 600 = 3360 USD 3360 USD Investor 1 1000 USD 1000 - 80 = 920 USD 920 + 200 = 1120 USD 1120 USD Investor 2 6000 USD 6000 - 480 = 5520 USD 5520 + 1200 = 6720 USD 6720 USD Investor 3 0 USD Deposit 5000 USD 5000 + 1080 = 6080 USD 6080 USD
We should note that when adjusting the trading positions the deposit of funds does not have any impact on the trading results of the Investors.
Funds Withdrawal.
Let’s consider the situation when the funds are withdrawn.
There is a PAMM-account consisting of two Managed accounts and a Manger’s Capital account. PAMM-account Equity is 10000 USD. The Manager opens a Buy position in EUR/USD with 4 lots volume at 1.29000 price.
At the Rollover the price comes down to 1.28800, there fore the proportionally distributed loss of 800 USD is resulted on the account.
The Manager was notified that at the current Rollover the Investor 2 withdraws all the funds from the PAMM-account ahead of time. The withdrawal amount equals to 5520 USDD.
The Manager has to adjust the trading positions during the Rollover taking into account the withdrawal of investments:
As we consider the withdrawal in this example the Manager has to reduce the acquired volume. The necessary volume can be calculated as follows:
(OutInv / Equity) * Lots
Where,
OutInv – Withdrawal amount,
Equity – PAMM-account Equity at the Rollover,
Lots – Gained assets Volume..
In our example: (5520/9200)*4 = 2.4It means that in order to adjust the trading positions the Manager has to close 2.4 lots in EUR/USD.
Therefore the open position is - BUY EUR/USD 1.6 1.28800
Start Rollover 1 Manager 3000 USD 3000 - 240 = 2760 USD Investor 1 1000 USD 1000 - 80 = 920 USD Investor 2 6000 USD 6000 - 480 = 5520 USD (Withdrawal 5520)
After the Rollover the price goes up to 1.29300, thus the proportionally distributed profit of 800 USD is resulted on the account.
Start Rollover 1 Rollover 2 Manager 3000 USD 3000 - 240 = 2760 USD 2760 + 600 = 3360 USD Investor 1 1000 USD 1000 - 80 = 920 USD 920 + 200 = 1120 USD
We should note that when adjusting the positions the withdrawal does not have any impact on the trading results of Investors.
In case if several deposit/withdrawal requests are executed at the same time the final deposit/withdrawal amount must be calculated first and then the volume of the trading positions must be adjusted using the above formulas.
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What is a Managed Account and how to open it?
A Managed Account is a trading account that to an Investor and all the trading operations on which are made only by the Manager of the PAMM-account.
In order to register a Managed Account you should accept Manager's Offer, of the PAMM-account you chose. In order to open a Managed Account it's necessary to submit a request for funds deposit to the PAMM-account you chose in accordance with the PAMM-account Service Regulations.
To create a Managed Account you should:
- 1. Go to the «Investor's Area» in your Personal Area of the classic.mt4 account;
- 2. Choose a PAMM-account you're interested in in the section «PAMM-Accounts Rating»;
- 3. Make sure that there are available active Manager's Offers on the PAMM-account you chose;
- 4. Choose the Manager's Offer by clicking the link «Open a Managed Account»;
- 5. Read and agree with the regulating documents and parameters of the Manager's Offer;
- 6. Enter the amount of the invested funds that is equal or exceeds the size of minimal investments into the field «Amount» and press «Open a Managed Account».
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What information contains the Trading Statement?
In Investor's Area there will be an opportunity to watch the Trading Statement on transactions made by the PAMM-account Manager. As a whole transactions data correspond to the Trading Statement represented in the trading platform of the Manager. However the volume of trading positions in the Investor's Statement will correlate with the volume of corresponding operations in the trading platform on the PAMM-account proportionally to the Coefficient of the Managed Account.
During the PAMM-Accounts Rollover the reopening of the existing positions takes place on Managed Accounts, but in the trading platform on the PAMM-accounts there is no positions reopening. Thus switching to the next trading day all the Manager's open positions in the trading platform are displayed in the Investor's Trading Statement as closed at the last quote of the trading day. Next trading day will begin from the opening of given positions at the same quotes they were closed at and this will be displayed in the Investor's Trading Statement. Orders numeration will be kept.
Let's look at the methods of the Investor's Trading Statement formation, the way of distribution of the positions volume and profits of the PAMM-account participants:
Example. Manager's Ivanov Capital on the PAMM-account is 3 000 USD. Investor Petrov makes a deposit of 27 000 USD to the Managed Account, therefore the PAMM-account balance makes 30 000 USD. Afer that Manager Ivanov opens a 3.0 lots long position #123456 in EURUSD at 2008.08.19 01:00 at the price of 1,4680. Whereafter on August, 20 Investor Sidorov joins the PAMM-account and makes a deposit of 15 000 USD to the Managed account (this amount will be added to the PAMM-account balance during the Rollover on 2008.08.20 at 23:59:59). After that on 2008.08.21 at 17:00 the Manager fixes the Profit of this position at the price 1.4880.
The given trading position passes two Rollovers, let's see what notices will be displayed after each Rollover in the Investor's Area of the PAMM-account participants:
Rollover № 1. 2008.08.19 23:59:59
Statement after the Rollover in Investor's Petrov Area on 2008.08.20 at 00:00:00:
Order Time Type Volume Symbol Price Time Price Swap Profit #123456 2008.08.19 1:00 Buy 2.7 EURUSD 1,4680 2008.08.19 23:59 1,4781 7.02 2727
The price in EURUSD at the Rollover (Day Сlose): 1.4781
Total Profit of the PAMM-account: 3030 (30 × 101 pips)
Thus according to the Coefficient of the Managed Account the distribution of the positions volume and profits is the following:
The position volume of the Investor's Petrov account: 2.7
Investor's Petrov Profit: 2 727.00 USD (27 × 101 pips) (Swap = 7.02 USD)
The position volume of the Manager's Ivanov Capital Account: 0.3 lots
Manager's Ivanov profit: 303.00 USD (3 × 101 pips)Note: s the correlation of Investor's Petrov and Manager's Ivanov funds is 9:1, with the volume position of 3.0 lots at the PAMM-account as a whole, #123456 position volume at the Investor's Petrov Managed Account makes 2.7 lots, and at the Manager's Ivanov Capital Account makes 0.3 lots.
Rollover № 2. 2008.08.20 23:59:59
Statement after the Rollover in Investor's Petrov Area on 2008.08.21 at 00:00:00:
Order Time Type Volume Symbol Price Time Orice Swap Profit #123456 2008.08.19 1:00 Buy 2.7 EURUSD 1,4680 2008.08.19 23:59 1,4781 7.02 2727 #123456 2008.08.20 0:00 Buy 2.7 EURUSD 1,4781 2008.08.20 23:59 1,4743 19.44 -1026
As you can see a new notice in the Statement appears at the Rollover, where the number of position is kept, but the open price is already equal to the close price of the previous trading day, and therefore PAMM-account participants' profit/loss at the moment of Rollover № 2 is calculated on the basis exactly of this price.
The price at the Rollover (Day Сlose): 1.4743Distrubution of the positions volume and profits in accordance with the Coefficient of the Managed Account:
Position Volume of the Investor's Petrov account: 2.7
Investor Petrov Profit: -1 026 USD (27 * -38 pips); Swap = 19.44 USD *
Position volume of the Manager's Ivanov Capital Account: 0.3 lots
Manager's Ivanov Profit: -114 USD (3 * -38 pips); Swap = 2.16 USD ***: If the position is rolled over from Wednesday to Thursday the swap is debited/credited threefold. In other words the swap from Wednesday to Thursday makes 19.44 USD (basic rate * 3).
**On August, 20, 2008 Investor Sidorov makes a deposit of 15 000 USD to the Managed Account, and this amount is added to the PAMM-account balance at Rollover № 2. Therefore in view of Balance and number of PAMM-account participants changes the positions volume of each Managed Account is revised in accordance with the Coefficient of the Managed Account.At Rollover 2008.08.20 23:59:59 funds at this PAMM-account including profit/loss make 31 919.40 USD. For 2008.08.21 00:00:00 15 000 USD (contribution of the Investor Sidorov) join the PAMM-account deposit (Cumulative Balance = 46 919.40), and as a result the correlation of positions volume on Managed Accounts is shifted in accordance with the Coefficient of the Managed Account:
Manager Ivanov Investor Petrov Investor Sidorov Total Deposit 3191.94 28 727.46 15 000.00 46 919.40 Correlation 6.80% 61.23% 31.97% 100% Lot 0.20 1.84 0.96 3.0
Rollover № 3. 2008.08.21 23:59:59
Due to the fixing of the financial result on #123456 position there will be the following notices in the Trading Statement in the Investor's Petrov Area:
Order Time Type Volume Symbol Price Time Price Swap Profit #123456 2008.08.19 1:00 Buy 2.7 EURUSD 1,4680 2008.08.19 23:59 1,4781 7.02 2727 #123456 2008.08.20 0:00 Buy 2.7 EURUSD 1,4781 2008.08.20 23:59 1,4743 19.44 -1026 #123456 2008.08.21 0:00 Buy 1.85 EURUSD 1,4743 2008.08.21 17:00 1.4880 0 2520
Close price: 1.4880
PAMM-account profit as a whole: 4 110.00 USD (30 × 137 pips)
Therefore in accordance with the Coefficient of the Managed Account revised after the Rollover № 2 we have the following distribution of positions volume and profits on Managed Accounts of PAMM-account participants:
Position volume of the Investor's Petrov account: 1.84
Investor Petrov Profit: 2520.80 USD (18.4 × 137 pips)
Position volume of the Investor's Sidorov account: 0.96
Investor's Sidorov Profit: 1315.20 USD (9.6 × 137 pips)
Position volume of the Manager's Ivanov Capital Account: 0.20 лота
Manager's Ivanov Profit: 274.00 USD (2 × 137 pips)As a result of transaction on #123456 position the Profit distributed among the PAMM-account participants makes:
Manager Ivanov: 465.94 USD
Investor Petrov: 4248.26 USD
Investor Sidorov: 1315.2 USD
The Total balance of the PAMM-account: 51 026.46 USD - Read Close 3
Attention of the Investors!
You accept additional non-trading risks if you invest your funds to a different investment programme.
E.g. a trader creates a PAMM-account, gains profit within a short-term period of time and attracts Investors. Then he offers his investors to invest funds to a different investment scheme unlike Alpari's PAMM-account. If an Investor agrees to such a scheme he accepts additional non-trading risks, such as not following trading terms, profit payments etc.
We strongly recommend you not to transfer your funds to somebody else's accounts in spite of the profit return you expect.
We also do not recommend you to give your Manager access to your account and especially to the Personal Area.Please remember that due to our PAMM-account services the Investor excludes any non-trading risks and it is guaranteed that the Manager will observe the terms specified in the Manager's Offer.
Invest your funds to PAMM-accounts with a long-term trading history, specified in the Monitoring.
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How does the deposit/withdrawal of funds influence the charge of the PAMM-account capital?
Manager has to observe all the open positions on a PAMM-account. All the notices about deposit/withdrawal requests are sent to a Manager once a deposit/withdrawal request is formed in the Investor's Area. Thus a Manager has at least 12 hours to take necessary steps before the real execution of a request during the Rollover.
Below you will find an example describing several variants of positions correction in the case of deposit/withdrawal of funds:Example:
Variant of the open positions' correction at funds deposit to a PAMM-account.
Current charge of a PAMM-account capital is 50% (for example, Equity - 10 000 RUR, Margin - 5 000 RUR). An amount of 10 000 RUR is credited to a PAMM-account, and the Capital charge reduces to 25% (Equity - 20 000 RUR, Margin - 5 000 RUR). In this case in order not to loose a potential profit a Manafer should increase the capital charge to 50% by opening positions of the relevant volume. (Equity- 20 000 RUR, Margin - 10 000 RUR).
Variant of the open positions' correction at funds withdrawal from a PAMM-account.
Current charge of a PAMM-account capital is 25% (for example, Equity - 20 000 RUR, Margin - 5 000 RUR). An amount of 10 000 RUR is withdrawn from a PAMM-account, and the Capital charge increases to 50% (Equity - 10 000 RUR, Margin - 5 000 RUR). In this case in order to avoid «Stop Out», a Manager should reduce the Capital charge to 25% by closing positions of the relevant volume. (Equity - 10 000 RUR, Margin - 2 500 RUR).
Note! If a deposit/withdrawal request is submitted before 02.00 pm Moscow Time it will be executed during the Current Rollover. If a deposit/withdrawal request is submitted after 02.00 pm Moscow Time it'll be executed during the Next Rollover.
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How can I deposit funds to my Managed Account?
In order to deposit funds to the Managed Account it is necessary to:
- 1. Credit the amount of deposit to your classic.mt4 trading account;
- 2. Enter the «Investor’s Area»;
- 3. Choose the PAMM-account you are interested in and click the link «Enter»;
- 4. Enter the amount of deposit and press the button «Submit a request».
Note! If a deposit/withdrawal request is submitted before 02.00 pm Moscow Time it will be executed during the Current Rollover. If a deposit/withdrawal request is submitted after 02.00 pm Moscow Time it'll be executed during the Next Rollover.
Note!If the currencies of the trading account of the PAMM-account are different the funds will be converted into the currency of the PAMM-account at the internal rate of the Company. For your convinience the current conversion rates set by the Company are published daily in the Personal Area.
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How to withdraw funds from the Managed Account?
Depending upon the time of execution there are two types of requests for funds withdrawal:
Planned request for funds withdrawal
Planned request — is a request for funds withdrawal at the end of the Trading interval. There are the following types of planned requests:
- All funds withdrawal;
- Withdrawal of a special amount;
- Withdrawal of profit.
Example: НBy the moment of submitting a request during the Trading interval the Investor’s Balance equals to 10 000 RUR. In accordance with the Manager’s Offer the minimum remaining balance equals to 5 000 RUR. The Investor wants to submit a Planned request for funds withdrawal at the end of the Trading interval.
The Investor can withdraw funds in the following ways:
1. Withdrawal of all funds.
In this way all funds can be withdrawn from the Managed account during the last Rollover of the Trading interval.
In our example: The Investor submitted a request for withdrawal of all funds. By the end of the Trading interval the Investor’s balance became equal to 12 000 RUR. 12 000 RUR will be withdrawn from the Managed account.
2. Withdrawal of a specified sum.
In this way a specified sum can be withdrawn from the Managed account during the last Rollover of the Trading interval. But it is necessary to take into account the fact that at the moment of the execution of the request the specified sum may not correspond to the value of balance of the Managed account with Minimum remaining balance factored in. That’s why in this request it is necessary to choose a variant of actions in case if the specified sum exceeds the difference between the Investor’s balance upon completion of the Trading interval and the Minimum remaining balance.
Depending on the variant of actions there are the following types of planned requests for withdrawal of a specified sum:
- A. Withdraw all the funds from the Managed Account;
- B. Withdraw all the funds over the remaining Balance;
- C. Cancel the withdrawal request.
A. Withdraw all the funds from the Managed Account.
In our example:
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance exceeds the withdrawn sum: the Investor submitted a request to withdraw 6 000 RUR. By the end of the Trading interval the Investor’s balance became equal 12 000 RUR. 6 000 RUR will be withdrawn from the Managed account.
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance equals to the withdrawn sum: the Investor submitted a request to withdraw 6 000 RUR. By the end of the Trading interval the Investor’s balance became equal 11 000 RUR. 6 000 RUR will be withdrawn from the Managed account.
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance is less than the withdrawn sum: the Investor submitted a request to withdraw 6 000 RUR. By the end of the trading interval the Investor’s balance became equal 10 000 RUR. 10 000 RUR will be withdrawn from the Managed account.
B. Withdraw all the funds over the remaining Balance.
In our example:
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance exceeds the withdrawn amount: the Investor submitted a request to withdraw 6 000 RUR. By the end of the Trading interval the Investor’s balance became equal 12 000 RUR. 6 000 RUR will be withdrawn from the Managed account.
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance equals to the withdrawn amount: the Investor submitted a request to withdraw 6 000 RUR. By the end of the Trading interval the Investor’s balance became equal 11 000 RUR. 6 000 RUR will be withdrawn from the Managed account.
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance is less than the withdrawn sum: the Investor submitted a request to withdraw 6 000 RUR. By the end of the trading interval the Investor’s balance became equal to 10 000 RUR. 5 000 RUR will be withdrawn from the Managed account
C. Cancel of the withdrawal request.
In our example:
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance exceeds the withdrawn sum: the Investor submitted a request to withdraw 6 000 RUR. By the end of the Trading interval the Investor’s balance became equal 12 000 RUR. 6 000 RUR will be withdrawn from the Managed account..
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance equals to the withdrawn sum: the Investor submitted a request to withdraw 6 000 RUR. By the end of the Trading interval the Investor’s balance became equal 11 000 RUR. 6 000 RUR will be withdrawn from the Managed account.
- The difference between the Investor’s Balance by the end of the Trading interval and the Minimum remaining balance is less than the withdrawn sum: the Investor submitted a request to withdraw 6 000 RUR. By the end of the trading interval the Investor’s balance became equal 10 000 RUR. Withdrawal won’t be executed.
3.Profit Withdrawal.
In this way profit over a specified sum can be withdrawn from the Managed account during the last Rollover of the Trading interval. The specified sum can’t be less than the Minimum remaining balance.
In our example:
- The Investor’s Balance by the end of the Trading interval exceeds the specified sum: the Investor submitted a request to withdraw profit over 11 000 RUR. By the end of the Trading interval the Investor’s balance became equal 12 000 RUR. 1 000 RUR will be withdrawn from the Managed account.
- The Investor's Balance by the end of the Trading Interval equals to the specified amount: the Investor submitted a request to withdraw profit over 11 000 RUR. By the end of the Trading interval the Investor's balance became equal to 11 000 RUR. Withdrawal won't be executed.
- The Investor’s Balance by the end of the Trading interval is less than the specified sum: the Investor submitted a request to withdraw profit over 11 000 RUR. By the end of the Trading interval the Investor’s balance became equal 10 000 RUR. Withdrawal won’t be executed.
Early request for funds withdrawal.
Early request is a request to withdraw all the funds from the Managed account during the current or next Rollover and Fine for early withdrawal of funds is paid to the Manager.
Note!
- If an early request for funds withdrawal is submitted before 14:00 Moscow time it will be executed during the Current Rollover.
- If an early request for funds withdrawal is submitted after 14:00 Moscow time it will be executed during the Next Rollover.
- The Balance of the Managed Account may change during the execution of the request.
In our example: In accordance with the Manager’s Offer the Fine for early withdrawal is 5%. The Investor’s Balance equals 10 000 RUR. The Investor submits a request for early withdrawal. The Balance of the Managed account at the moment of the execution of the request equals 9 000 RUR. The sum of the fine of the early withdrawal equals 450 RUR (5% от 9 000 RUR). 8 550 RUR will be withdrawn from the Managed account.
- Read Close 4
May I cancel a mistaken request for deposit/withdrawal of funds?
You may cancel a deposit/withdrawal request before 2.00 pm of the execution day, i.e. the requests submitted before 2.00 pm are executed during the Current Rollover, but the requests submitted after 2.00 pm are executed during the Next Rollover.
Example:
Request А was submitted on January, 15 at 09:00 am.
It's cancel is valid before 2.00 pm on January,15, otherwise the request will be executed during the Current Rollover.
Request Б was submitted on January, 15 at 02.01 pm.
This request will be executed during the Next Rollover if it's not cancelled before 02.00 pm on January, 16.Note: Moscow Time.
