08/10 16:10

September 2020 TOP 10 PAMM Accounts Overview

The fall is here again, but no matter what the temperature outside the window you need to carefully select PAMM-providers in your investment portfolio. Recently, the currency market has been experiencing increased activity and major turmoil due to the financial crisis. This review of PAMM providers’ accounts, which showed good results in September, will help an investor to make a good choice.

Let me also remind you that the “Money Managers” contest started on October 5, the event where traders with stable trading and drawdown within 20% can win big money. Registration is open till October 31.

TOP 10 PAMM Accounts

g9000

This provider has been trading with FXOpen for almost 2 years and has been showing positive trends for the whole period. Since the beginning of the year, the profit on the account has amounted to almost 200%. In September, a profit of 80.87% was registered. The trader mainly deals in major currency pairs, but there are often moderate drawdowns, as it happened in July and August. At the time of writing, there is a small floating drawdown that is worth observing. You can join this PAMM-account with an amount of 50 USD or more.

bobr3

This provider has been present on the platform for more than a year and is known to many thanks to the “Money Managers” contest. Their achievement was holding the maximum drawdown on the account of 4% and resulting in a decent profit for 3 months. Right now, the maximum drawdown is 14.79%. In September the provider earned +7.69%. In October, there was a small drawdown, so it makes sense to monitor the account for a while. Most likely, the provider will recover, for caution is their main principle. You can join this PAMM-account with an amount of 100 USD or more.

Contend3r

This provider has been operating on the site since June 2020. Despite the high level of maximum drawdown in early September, the trader was able to recover and earn +136% last month. We can conclude that this manager conducts aggressive trading. At the time of writing, there was no floating drawdown. You can join this PAMM-account with an amount of 100 USD or more. There is no penalty for early withdrawal of funds.

MinRisk

This provider will not offer high returns to investors, but sometimes they have bursts of profitability. The provider has been trading steadily since July 2016. This may appeal to conservative investors seeking an account to include in a long-term portfolio. 79% of the provider’s transactions are profitable, the drawdown is small. At the time of writing, there is a slight floating drawdown of 1.08%, as there are transactions in operation. You can join this PAMM-account with an amount of 1000 USD or more.

FastWay

This provider has been trading since December 2019. The maximum drawdown was only 17.15%, which indicates very conservative trading. In September, the profit was +3.98%, and for the whole trading period, it amounted to almost 150%. They successfully trade AUD/CAD, NZD/CAD, and AUD/NZD currency pairs. You can join this PAMM-account with an amount of 1000 USD or more. The penalty for early withdrawal is only 1%.

Kraken

The provider has been trading on the platform since 2016. The maximum drawdown over the entire period was only -13.80%. Kraken conducts conservative trading, and the deposit load is always extremely low. The trader is suitable for conservative portfolios and investors who want reliability for their funds. The last 5 months’ trading is conducted with positive results. In September the earnings were +2.04%. The trader mainly trades the AUD/USD currency pair. You can join this PAMM-account with an amount of 10 USD or more. According to the offer, 80% of the profit goes to the investor.

RightSkalper

This is a new provider on the FXOpen platform, which has been trading since June 2020.  The maximum drawdown since the account opening has been 3.49%. Trading is mainly conducted in cross pairs, and weeks with negative numbers are very rare. Trading is characterized by a very low level of deposit load. At the time of writing, there is no floating drawdown. You can join a provider with just 1 USD and without penalty for early withdrawal.

SuperSpeculativ

The provider has been trading on the site since December 2019. Recently, there has been some stability and a positive trend. In September, earnings were +9.79%. Since July we have been observing positive trading. The most frequently traded pair is EUR/USD. Since spring, the provider trades with a very low deposit load. You can join the account with 100 USD or more, there is no penalty for early withdrawal of funds.

ECNp20

The trader will suit those who prefer conservative trading that has been conducted on the account for many years. The provider has a big experience in PAMM-account managing. This account was opened on January 24, 2011, and until today it remains successful and has many subscribers. One should not expect a large profit from it, but an investor can get a stable interest within a year. In September, the provider has earned only +0.65%, and 12.25% during the whole year.

hyBrazil

This manager has been trading since December 2015. The maximum drawdown of 24.80% has been preserved for many years. On the chart, we can observe conservative and profitable trading for a long time, as well as the presence of the advisor on the account. In September, the provider was able to earn +2.49%.  For this year the profit was 23%, and the maximum deposit load was 6.16%.

It was the top ten most promising accounts in terms of profitability in September 2020. We wish you all successful investments!