A PAMM (Percentage Allocation Management Module) account is a type of investment account offered by some forex brokers that allows investors to participate in the foreign exchange market without actively managing their own trades. Instead, an experienced trader, known as a “money manager,” is in charge of managing the account and making trades on behalf of the investors. The profits and losses are then distributed among the investors based on the percentage of their investment in the PAMM account. This type of account is often used by investors who lack the time or expertise to trade forex themselves, but still want to participate in the market.
The return on investment (ROI) on a PAMM account can vary greatly depending on the performance of the money manager managing the account and the current market conditions. Some money managers may have a track record of consistently high returns, while others may have a more volatile performance.
In general, it is realistic to expect a ROI of around 10-15% per year on a PAMM account, although some money managers may be able to achieve higher returns. However, it is important to note that past performance is not necessarily indicative of future results, and that the potential for high returns also comes with a higher level of risk. It’s important to do your own research and due diligence before investing in a PAMM account and also to diversify your investment
It’s also important to note that, as with any investment, there is a risk of losing some or all of your investment. It’s important to be aware of the risks and only invest what you can afford to lose
Earn around 3% weekly
Novatech’s PAMM account performs an average of 3 per cent weekly