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22/02 12:04
Review of FXOpen PAMM Accounts Based on January 2024 Results
After the Christmas and New Year holidays, it's time to turn one’s attention to investments. Every investor strives for stability of income when placing their capital, and traders strive to preserve and increase investments and deposits in a changing political and economic environment. February is the shortest month of the year, so PAMM providers make every effort to achieve the most positive results in this short period. Investors should also take a more careful approach to the construction of their investment portfolio.
Thanks to our latest review, you can familiarize yourself with the trading of the most promising top FXOpen PAMM providers for January 2024.
Best PAMM accounts in January 2024
This manager has been trading on the FXOpen platform since September 2022. All months in 2023 were closed with a positive result. The maximum account drawdown does not exceed 18.04%, the deposit load remains at 7.40%. The January yield was 4.09%. The trader's main trading pair is EUR/USD. The minimum amount to join an account is USD 1,000; under the offer, the investor receives 81% of the profit; there is no penalty for early withdrawal.
This provider has been trading on the FXOpen platform since June 2020. It is worth noting that their trading has a positive dynamic if one invests in the account for a long period of time. The maximum drawdown in 2023 reached 33.33%. The provider trades with a moderate-aggressive strategy, but the results are pleasing to the investors: in 2023, the provider earned almost 80% of the profit. In January, the profit was 6.96%. As of February, there is no drawdown. Main trading pairs: AUD/CAD, NZD/CAD and AUD/NZD. The offer for investors can be called profitable: it is possible to join this account for 1 USD, and the investor will receive 65% of the profit.
A new promising provider on the site. They have been trading on the FXOpen platform since January 2022. The account is interesting because the trader has been trading consistently for a long time, showing positive results. Finished 2023 with a profit of 108.65%. In January, they earned 3.47% with a drawdown of 0.57% and a deposit load of 7.13%. Analyzing their trading, we can say that their strategy is moderate-aggressive, since the drawdowns that sometimes occur go beyond the conservative. The maximum drawdown on the account remains at 35.45%, the deposit load is 23.73%. Main trading pairs: USD/CAD, AUD/CAD, EUR/AUD, GBP/AUD, GBP/USD. One can join this manager for 100 USD.
Top manager on the site, trading since April 2021. Profit in 2023 was 180%. The maximum drawdown is still at 39.77%. In January, the provider earned +8.14% profit. Its main trading pair is EURUSD. You can join the offer with an amount starting from 1000 USD. At the end of January there was no drawdown.
A successful trader who has been trading since 2019. Despite not always stable trading, this trader can make money over long periods of time. In January, the provider brings in 2.07% profit with a drawdown of 0.58% and a deposit load of 0.63%. It is worth noting the reduction in risks in trading: the drawdown over the last year did not exceed 15.31%. Thet prefer to trade the following currency pairs: USD/CAD, EUR/USD, EUR/GBP, USD/CHF. At the end of January, there was no floating drawdown. An investor can join this manager for 100 USD and receive 80% of the interest on the account.
SergeyMelnik
The manager has been trading on the FXOpen platform since June 2023, and their trading is quite stable. The maximum drawdown remains within 9.31%. Profit for January was 8%. In terms of profitability, this account can be called promising, especially since the manager makes 86% of transactions in profit. It is worth noting that over the past 5 months, there has not been a single week in the red. Investors can join this account for 100 USD. 50% of the income goes to the investor, there is no penalty for early withdrawal.
TechMonegyLtd
This is a new manager on the site, they have been trading since December 2023, but they can already be called promising, because the account has been opened for a decent amount, and the trading data is still attractive. The maximum drawdown did not exceed 8.90% when the deposit load was 18.88%. In January, the profit was 4.61%, trading is mainly carried out with cryptocurrency and the EUR/USD, AUD/JPY and GBP/CAD currency pairs. At the time of writing this review there is no drawdown. One can join a manager for 2,000 USD.
BFS
This provider has been trading on FXOpen for 1.5 years. It is worth noting that despite the significant maximum drawdown on the account, over the past six months, the trader has not reached a drawdown of 10%. In January, 4.56% was earned with a maximum drawdown of 1.84% and a deposit load of 1.09%. The trader trades only the AUD/CAD currency pair. At the time of writing the review, there is a slight working drawdown of 0.29%. One can join this manager for 50 USD, the investor receives 65% of the profit.
FXLionCross
This trader is one of the most experienced managers at FXOpen, having been active in trading since 2014. Although their strategy has some drawdowns, their approach to trading is impressively conservative, and their long-term track record gives them credibility. In January, their result was 1.31%, indicating the stability of the approach. Supposedly their trading strategy is based on averaging and they trade exclusively the NZD/CAD pair. At the beginning of the year, all their positions were closed, and at the time of writing the review there is no drawdown. Investors can join this manager for 1,000 USD, while receiving 60% of the profit.
VESBOLTSemiHFT
Trading activities of this manager began in 2021. For investors, this account may be of interest due to conservative and calm trading with a low maximum drawdown. The maximum drawdown remains at 8.82% with a deposit load of 8.90%. In January, the trader earned +4.07%. At the time of writing this review, there is a slight operating drawdown. The provider's main trading instruments are EUR/CAD, EUR/GBP, AUD/CAD, EUR/AUD, AUD/USD. One can earn money with the provider for 1,000 USD, earning 75% of the profit received on the account.
Summing up the results of January, we can say that for many providers on the FXOpen platform, the first month of 2024 was very profitable.
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