A PAMM-Account is a trading account that consists of one or several Managed Accounts, which come together to form an independent, unified trading structure, where trading operations are carried out solely by the PAMM-Account Manager. The several Managed Accounts that make up the composition of one PAMM-Account are regarded by the trading platform as a unified whole.

The principle of work on a PAMM-Account lies in the proportional distribution of profit or loss among Investors’ accounts.

A PAMM-Account is advantageous for all participants, as Investors gain potential profit without having to execute any trading operations themselves and the Manager receives remuneration for the management of Investor's accounts.

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  What is PAMM-Account Rollover?

  PAMM-Account Rollover (hereinafter called “Rollover”) is the procedure that takes place at the end of each trading hour, during which the following operations are completed:

  • Fixing of Trading Results;
  • Calculation of Manager’s Remuneration;
  • Execution of fund deposit/withdrawal requests;
  • Update of information on the Company website.

  There are 2 types of Rollover:

  • Active Rollover: this Rollover is designed for collecting statistics and updating information on the PAMM-Account and Managed Accounts, calculating and paying the Manager’s and Partners remuneration, and executing deposit and withdrawal requests;
  • Idle Rollover: this Rollover is designed for collecting statistics and updating information on the PAMM-Account and Managed Accounts on the Company website (deposit/withdrawal requests are not executed).

  The frequency and number of Active Rollovers is at the Manager’s discretion and is established in the Request Planner.

  Important! On all PAMM-Accounts, there is one default Active Rollover scheduled at 12:00 server time.

  You must have at least one Active Rollover in a 24-hour period.

  You can find out more about the Rollover procedure in the PAMM-Account Regulations.

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  What is a Trading Interval?

  A Trading Interval is a time period equal to one calendar month, during which the PAMM-Account Manager completes operations driven towards gaining profit, and at the end of which profit is distributed and the Manager’s Remuneration from earned profit is paid.

  The beginning of a Trading Interval is governed by the moment the Managed Account is activated (first deposit).

  Example 1. The Investor created a Managed Account on April 15 and sent a deposit request, which was executed on April 16. In this case, the end date of the Trading Interval on this Managed Account will be the 16th of each successive month.

  If the date the Managed Account is activated is on a date that does not exist in the next month, the end of the Trading Interval and start date of the new Trading Interval on this Managed Account will be the last trading day of that month.

  Example 2. The Investor activated a Managed Account on January 31. In this case, the end date of each successive Trading Interval on this Managed Account will be the last day of each month: February 28, March 31, April 30, and so on.

  If the end date of the Trading Interval falls on a weekend or a holiday, then the end date and start date of the new Trading Interval will be the day following the weekend or holiday.

  The Manager’s Remuneration, as stipulated in the Manager Proposal, is automatically deducted from the Managed Account at the end of the Trading Interval.

  The end time of the Trading Interval is determined at 12:00 server time, one day before the actual end date of the Trading Interval. The time the Trading Interval is completed is the time of the last Active Rollover on the PAMM-Account, as stated in the Request Planner.

  Example 3. The Trading Interval on the Managed Account ends on April 15. The Request Planner of this PAMM-Account has Active Rollovers set at 5:00, 13:00 and 21:00. The time of the last Active Rollover on the 15th will be determined on April 14 at 12:00 server time by what is established by the Manager in the Planner, in our example 21:00. Thus, the end time of the Trading Interval will be fixed at 21:00 and will not change with corrections made in the Request Planner. The Trading Interval will end at 21:00 even if the Manager should cancel the respective Active Rollover.

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  What is the Manager Proposal?

  The Manager Proposal (hereinafter called “Proposal”) refers to the Manager’s proposition to potential Investors to create Managed Accounts in the composition of the Manager’s PAMM-Account.

  A Proposal can be either Public or Private.

  • A Public Proposal is accessible to all Investors for viewing. On this type of Proposal, Investors can create new Managed Account and deposit to existing accounts. The Manager can either permit or restrict fund deposit on a Public Proposal.
  • A Private Proposal is inactive and not accessible for viewing. Investors cannot create Managed Accounts on this Proposal, but may deposit to existing accounts if the Manager has permitted fund deposit.

  There can only be one Public Proposal on a PAMM-Account at a time.

  A Proposal can consist of one or several levels, which contain a range of parameters that define terms and conditions for Investors in the PAMM-Account. A Proposal Level consists of the following parameters:

  • Minimum Investment;
  • Manager’s Remuneration from profit;
  • Undisclosed Period.

  When creating a Proposal, the Manager must specify values for Minimum Deposit and Minimum Withdrawal from the Managed Account.

  Parameters of a Proposal with different levels can be as follows:

  • The Minimum Investment for the next level can be more or equal to the minimum investment of the previous level;
  • The Manager’s Remuneration from profit and Undisclosed Period for trading statements can be less than or equal to the previous level.

  The transfer of an Investor’s Managed Account onto a higher or lower Proposal level will be carried out automatically when the Managed Account Balance reaches the Minimum Investment sum of a higher or lower level.

  Example 1. The Manager Proposal has the following outline:

  Fund Deposit	Permitted
  Minimum Deposit	100 USD
  Minimum Withdrawal	10 USD
  Balance, USD	Remuneration, %	Undisclosed Period
  1,000	50	Week
  1,500	40	Day
  2,000	30	Hour

  The First Proposal Level is 1,000/50%/Week;

  Second Proposal Level — 1,500/40%/Day;

  Third Proposal Level — 2,000/30%/Hour.

  The Investor agreed to invest according to the terms of this Manager Proposal.

  The parameters of the first Proposal level establish that, having invested 1,000 USD, the Investor will pay 50% of their profit as the Manager’s Remuneration, and the Undisclosed Period for trading statements on the Managed Account is one week.

  If the Managed Account Balance increases (after the end of the Trading Interval or as the result of a deposit to the Managed Account) to 1,500 USD, the percentage the Manager receives as Remuneration from profit decreases to 40% and the Undisclosed Period becomes equal to a day.

  The Manager must indicate values for Minimum Deposit and Minimum Withdrawal before deposit and withdrawal requests on the Managed Account can be sent.

  Important! The Manager can create Proposals immediately after creating a PAMM-Account. Investors can then create Managed Accounts on this Proposal but no funds can be deposited. To activate fund deposit on a Proposal, the Manager must provide additional documents.

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  What is the Managed Account Equity and Balance?

  The Managed Account Equity is the total value of all assets belonging to the Investor on the Managed Account at the moment of the last Rollover.

  The Managed Account Balance is the sum of all deposits and withdrawals onto/from the Managed Account, in relation to which the Manager’s Remuneration from profit is calculated. At the end of each Trading Interval and after payment of remuneration, the Managed Account Balance becomes equal to the Managed Account Equity.

  Example 1. An Investor deposited 1,000 USD to a Managed Account on a Proposal with 50% remuneration from profit. Accordingly, the Managed Account Balance equals 1,000 USD. There was profit throughout the duration of the Trading Interval on the Managed Account and the Managed Account Equity became equal to 1,500 USD. At the end of the Trading Interval according to the terms of the Manager Proposal, the Investor paid the Manager remuneration amounting to 250 USD (50% of the profit, which equaled 500 USD). After payment of the Manager’s Remuneration, the Managed Account Balance will become 1,250 USD (equal to the Managed Account Equity).

  Note:

  • If the Equity is greater than or equal to the Balance, the Equity and Balance on the Managed Account decreases by the amount of the withdrawal.

  Example 2. The Managed Account Balance equals 1,000 USD. There were positive returns throughout the duration of the Trading Interval at the end of which the Balance and Equity are 1,500 USD. The Investor submits a request to withdraw 100 USD after which both the Balance and the Equity of the Managed Account will be 1,400 USD.

  • If the Equity is less than the Balance, the Equity decreases proportionally with the Balance on the same operation when debiting from the Managed Account.

  Example 3. The Managed Account Balance equals 1,000 USD. There was a loss throughout the duration of the Trading Interval and the Managed Account Equity became equal to 500 USD. The Investor submits a request to withdraw 100 USD (100 USD is 10% of the Managed Account’s Balance, respectively, in the withdrawal request, 50 USD will be withdrawn – 10% of the Managed Account Equity).

  After the withdrawal request was executed, the Managed Account Balance became 900 USD and the Managed Account Equity 450 USD.

  When a Managed Account is closed,all funds are withdrawn at the Share Price at the moment of the closure request.

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  What is the PAMM-Account Rating?

  The PAMM-Account Rating is a list of all PAMM-Accounts, sorted in descending order according to their results.

  At the moment, the PAMM-Account Rating is calculating using the “Profitability” indicator reading in PAMM-Account Monitoring.

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  What is PAMM-Account Monitoring? Indicators

  PAMM-Account Monitoring is a graphic display of the results of trading operations, without consideration of banking operations.

  PAMM-Account Monitoring works on a share system.

  A Share is a monitoring indicator that reflects the Investor’s share and the share of the Investor’s investments in the composition of the PAMM-Account, analogous to an Investment Unit.

  Share Price is an indicator reflecting the change in Equity on the account, taking only the results of trading operations into account.

  The Share Price is the same for all participants in the PAMM-Account and is equal to the relationship between the Share Count and PAMM-Account Equity (or Managed Account Equity, if viewing Managed Account Monitoring). Only results of trading operations on the PAMM-Account reflect on the Share Price. The PAMM-Account Share Price is recalculated every PAMM-Account Rollover.

  Share Count is an indicator reflecting which part of trading operation results will be carried over to the corresponding Managed Account. The Share Count belonging to the Managed Account under scrutiny is determined as the relationship between Managed Account Equity and Share Price. The Share Count of a Managed Account is calculated in Active Rollovers when deposit and withdrawal requests are executed.

  Share Price and Share Count monitoring indicators are calculated and are kept with accuracy to the 15th place after the decimal point. For the sake of simplicity,the Share Price is displayed in myAlpari with two places after the decimal point and the Share Count with six.

  Example 1. An Investor creates a Managed Account in the composition of a PAMM-Account and sends a deposit request for 1,000 USD. The PAMM-Account Share Price at Active Rollover was 200.00. When the request is executed, the Investor will have 5.00 Shares (1,000 USD / 200.00).

  At the next Rollover, the PAMM-Account Share Price became equal to 250.00. The Managed Account Equity will respectively become 1,250 USD (250.00 * 5.00 Shares = 1,250 USD).

  The Investor decides to make a deposit to the Managed Account and sends a deposit request for 500 USD. The PAMM-Account Share Price at Active Rollover is equal to 250.00. When the request is executed, 2.00 Shares (500 USD / 250.00) are credited to the Managed Account and the Share Count of the Managed Account becomes 7.00. At the next Rollover, the calculation of Managed Account Equity will be carried out with regard to 7.00 Shares.

  Rate of Return - The Investor's percentage of profit or loss on the Managed Account over a given period. This indicator is calculated using the following formula:
  
  (P2 - P1) / P1 * 100%, where

   

  • P1 - Share price at the beginning of the period;
  • P2 - Share price at the end of the period.

  Example 2. An Investor creates a Managed Account in a PAMM-Account on July 1st. At the moment of creation, the Share Price is 250. On August 1st, the Share Price of the PAMM-Account has gone up to 350. The Rate of Return of the Managed Account for the Investor is:
  
  (350 – 250)/250 * 100 = 40%.

  You can also calculate the Rate of Return for a period based on the Rate of Return on the PAMM-Account's Monitoring chart using the following formula.
  
  ((D2+100)-(D1+100))/(D1+100) * 100%, where

  • D1 - Rate of Return at the beginning of the period;
  • D2 - Rate of Return at the end of the period.

  Please note: At the end of any profitable trading interval, the Manager is remunerated at the rate specified in the Manager Proposal for PAMM-Accounts. The remuneration sum (net asset value) is fixed on the balance sheet of the Managed Account.

  Indicators

  At the moment, the following indicators are used to evaluate the work of a Manager on a PAMM-Account:

  • Maximum Relative Profit — a value derived from the minimum to maximum points on the PAMM-Account Monitoring Chart. This is the maximum that the Investor could have earned throughout the whole existence of the PAMM-Account.
  • Maximum Relative Loss — a value derived from the maximum to minimum on the graph of PAMM-Account Profitability. This is the maximum an Investor could have lost throughout the whole existence of the PAMM-Account.
  • Maximum Daily Profit — the maximum of all daily profit.
  • Maximum Daily Loss — the maximum of all daily loss.
  • Average Daily Profit — the average value of all daily gains over zero.
  • Average Daily Loss — the average value of all daily loss.
  • Daily Profit Volatility — the average value of all daily profit and loss, taken in modulus.
  • Recovery Factor — the relationship between current profit and maximum relative drawdown.
  • Agressiveness of Trading — a parameter calculated on the basis of maximum daily profit and maximum daily loss. The range is from 1 (low) to 5 (high).

  PAMM-Account indicators are published on the PAMM-Account Monitoring page.

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  How to become a PAMM-Partner

  To become a PAMM-Partner, you need to complete the following instructions or use the PAMM-Partner registration link:

  • Authorize in myAlpari;
  • Go to the “Partner’s Workshop”;
  • Click the “Partner Registration” icon;
  • Choose “PAMM-Partner”;
  • Get acquainted with the agree to the Regulatory Documents;
  • Click “Become a Partner”.

  After the registration process is complete, any Manager can appoint you as their Partner.

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  What is a Referral Link and how does it work?

  A Referral Link is a unique link that allows the Manager and Manager’s Partner to control and record acquisition of Investors to the PAMM-Account.

  How does a Referral Link work? The Partner receives a Referral Link in the “Partner’s Workshop” in myAlpari after any Manager adds them as a Partner. The Partner can then make this link available on their internet resource to acquire Investors. The Manager and Partner will be informed in myAlpari as soon as an Investor opens a Managed Account using this Referral Link.

  Example 1. Manager Smith adds Partner Johnson to his PAMM-Account. After this, Johnson receives a Referral Link in the “Partner’s Workshop” and creates an attractive banner for his own internet resource. Investor Simpson, interested by the information in the banner, clicks on it and is transferred to Smith’s advertised PAMM-Account. If Simpson decides to create a Managed Account in the PAMM-Account within 30 days of clicking on this banner, when registering, Johnson’s login will automatically be entered in the “Partner Login” field.

  Attention! The function of the Referral Link remains active for 30 days after last clicking on it.

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  What is the Bonus system and how does it work?

  The Bonus system allows the Manager to create favorable and attractive terms for Investors within the PAMM-Account.

  The Manager may credit a Bonus to an Investor’s Managed Account, as well as onto an inactive Managed Account. The Bonus sum is added to the Managed Account Balance but does not have an effect on the Managed Account Equity. Thus, the Bonus influences the minimum investment, current Proposal level of the Managed Account, and the calculation of the Manager’s Remuneration.

  Important! The credited Bonus cannot be cancelled or deleted.

  Example of using the Bonus system:

  An Investor creates a Managed Account on a 1,000/50%/Hour Proposal with a Balance of 1,000 USD, and the Manager credits a Bonus of 1,000 USD to the Managed Account. At the end of the Trading Interval on the Managed Account, there was a profit of 500 USD. The Managed Account Balance amounts to 2,000 USD (1,000 USD belongs to the Investor and 1,000 USD is the Bonus credited by the Manager) and the Managed Account Equity is 1,500 USD (the credited Bonus is not included in the Equity calculation). We see that although profit was made on the Managed Account, the Investor does not pay the Manager’s Remuneration from profit since the Equity does not exceed the Managed Account Balance.

  At the end of the second Trading Interval on the Managed Account, there was a profit of 900 USD and the Managed Account Equity became equal to 2,400 USD. The total profit on the Managed Account now amounts to 1,400 USD (Equity – Balance). But for the calculation of Manager’s Remuneration from profit includes the Bonus (Equity – Balance + Bonus). Thus, the Manager’s Remuneration from profit amounts to 200 USD ((2400 – 1000 + 1000) * 50%).

  Example 2. An Investor creates a Managed Account on a 1,000/50%/Hour Proposal but doesn’t make a deposit. The Manager credits a Bonus of 500 USD. Despite the fact that the minimum investment on the Proposal is 1,000 USD, the Investor now only needs 500 USD to invest in the PAMM-Account.

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  Who is the Manager and how do I become one?

  The Manager is an Alpari client who has opened a trading account (PAMM-Account) with the goal of of managing the capital of other Alpari clients (Investors). The Manager aims to make a profit and earn remuneration for his management of Investors' Managed Accounts.

  To become a Manager, you must complete the following instructions or use the link to open a PAMM-Account:

  • Authorize in myAlpari;
  • Deposit no less than the minimum Manager’s Capital necessary to create a PAMM-Account to a Transitory Account;
  • Go to the Manager’s Workshop and click the “Create a PAMM-Account” icon;
  • Fill out all the required fields, get acquainted with and agree to the Regulatory Documents and click “Open Account”;
  • Check your email. Your registration details will be sent to your specified email address.

  Important! When creating a PAMM-Account, the Transitory Account should contain the sum the Client specified as the Manager’s Capital. This sum will be deducted from the Transitory Account and transferred onto the PAMM-Account once the “Open an Account” button is clicked.

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  What is the Manager’s Capital and the Manager’s Managed Account?

  The Manager’s Capital is the funds that the Manager transfers onto his own Managed Account (Manager's Managed Account) as a guarantee to respect Investors’ interests. In other words, the Manager's Capital is a public investment the Manager personally makes on his own PAMM-Account which he risks on par with the funds of the PAMM-Account Investors.

  The safeguard for Investors in the idea of Manager's Capital lies in the fact that if trade on the PAMM-Account is loss-making, the Manager will suffer losses as well. The larger the Manager’s Capital, the more funds the Manager risks and the more attractive he is to Investors.

  Attention! The Manager’s Capital can only be increased and only in the case that the Equity of the Manager's Managed Account is greater than the designated value for the Manager’s Capital. The sum designated as the Manager’s Capital is those funds of the Manager that must remain in the PAMM-Account. The Manager’s Capital can be withdrawn from the PAMM-Account only in the case of the PAMM-Account's liquidation.

  The Manager's Managed Account is a Managed Account that belongs to the Manager and is meant for allocation of the Manager’s Capital and private investments.

  Example of allocating and increasing the Manager’s Capital:

  The Manager created a PAMM-Account in USD and designated 2,800 USD as the Manager’s Capital, which is placed on the Manager's Managed Account. By the end of the Trading Interval, successful trading resulted in the balance of the Manager's Managed Account becoming 3,200 USD. The Manager then increased the value of the Manager’s Capital by 200 USD (the Manager’s Capital becomes 3,000 USD). The remaining balance of 200 USD was left on the PAMM-Account as the Manager’s own private investments.

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  How can I make a deposit to the Manager's Managed Account?

  The Manager can deposit to their own Managed Account to either change the Manager’s Capital or make private investments on their own PAMM-Account. To make a deposit to the Manager’s Managed Account, you need to:

  • Authorize in myAlpari;
  • Go to “My PAMM-Accounts”;
  • In the Manager’s Managed Account window, click “Deposit”;
  • Deposit the necessary sum, confirm the deposit of funds and click “Submit”.

  Important! Erroneous deposit requests cannot be cancelled.

  When sending requests, the time of Active Rollover and request execution will be fixed.

  Time: The request will be executed in the next Active Rollover according to the Request Planner.

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  How can I withdraw funds from the Manager’s Managed Account?

  The Manager can withdraw funds that exceed the Manager’s Capital from their own Managed Account. To withdraw funds, you need to:

  • Authorize in myAlpari;
  • Go to “My PAMM-Accounts”;
  • In the Manager’s Managed Account window, click “Withdraw”;
  • Withdraw the necessary sum, confirm the withdrawal of funds and click “Submit”.

  The sum available to the Manager for withdrawal is the funds that exceed the Manager’s Capital.

  Important! Erroneous withdrawal requests cannot be cancelled.

  When sending requests, the time of Active Rollover and request execution will be fixed.

  Time: The request will be executed in the next Active Rollover according to the Request Planner.

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  How can I change the Manager’s Capital?

  To change the Manager’s Capital, you need to:

  • Authorize in myAlpari;
  • Go to “My PAMM-Accounts”;
  • In the Manager’s Managed Account window, click “Change Manager's Capital";
  • Enter the new value for the Manager’s Capital, familiarize yourself with and agree to the conditions of changing the Manager’s Capital and click “Change”.

  The Manager can use the Automatically Increase Manager’s Capital function which, every Rollover, increases the Manager’s Capital by the funds that exceed the Manager’s Capital. To use this function, you need to click the “Auto-Increase Manager’s Capital” button in the Manager’s Managed Account window.

  Attention! The Manager's Capital can only be increased, and on the condition that the balance of the Manager's Managed Account is above the designated value for the Manager’s Capital.

  To do this, you need to gain profit or make a deposit to the Manager’s Managed Account.

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  What is the Request Planner and how does it work?

  The Manager has the opportunity to set the execution time for deposit/withdrawal requests at any convenient time within a 24-hour period.

  In the Request Planner, the Manager can specify:

  • Rollover Status (Active or Idle);
  • Threshold the amount of time requests will still be accepted up until Rollover, designated in minutes;
  • SMS notification about requests to be executed in the current Rollover.

  The Manager’s Request Planner is located on the Requests page, accessible through “My PAMM-Accounts”.

  When submitting a deposit/withdrawal request, the time of the next Active Rollover is fixed and the request will be executed at that time independent of the subsequent status of that Rollover.

  Important! On all PAMM-Accounts, there is one default Active Rollover scheduled at 12:00 server time.

  You must have at least one Active Rollover in a 24-hour period.

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  What documents do I need to provide to activate a Manager Proposal?

  To activate a Manager Proposal, you must confirm the registration details you provided when registering as a Client of the Company. The client only needs to complete this confirmation process once for all PAMM-Accounts.

  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:

  • Moscow
  • St.Petersburg

  You must have your passport with you.

  2. Postal Delivery of Apostilled Documents

  You must send your application with a notarized signature and all the necessary documents.

  The application to confirm your registration details can be in the following languages:

  • Russian;
  • English;
  • Spanish;
  • Chinese.

  In the case that the official language of your country is not mentioned above, you must send a notarized translation of your application into one of the aforementioned languages.

  Confirmation Criteria for Legal Entities

  1. Personal visit to an Alpari office

  Confirmation Criteria for Legal Entities

  1. Personal visit to an Alpari office

  You can complete the confirmation process at the following Alpari locations:

  • Moscow
  • St.Petersburg

  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 authorized 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 authorized 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:

  • Russian;
  • English;
  • Spanish;
  • Chinese.

  In the case that the official language of your country is not mentioned above, you must send a notarized translation of your application into one of the aforementioned languages.

  Attention! If the application is filled in incorrectly or the quality of the copy of your passport is unsatisfactory, Alpari may not accept your documents.

  The documents can be delivered by courier to any of our offices or mailed to the following address: POB alpari, Post Office 246, Moscow, Russia, 117246, noting the destination: "Investment Department".

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  Are the Manager’s transactions copyprotected?

  Investors’ Trading Statements for the previous trading hour are formed at the completion of PAMM-Account Rollover.

  To protect transactions from copy, the Manager Proposal specifies an “Undisclosed Period” for viewing of Investors’ Trading Statements.

  Variations are as follows:

  • No;
  • Hour;
  • Day;
  • Week;
  • Month;
  • Always.

  If the Manager chooses “Hour”/“Day”/“Week”/“Month”, the values of statement columns on trading operations for the previous Hour/Day/Week/Month will be hidden to Investors. If the Manager chooses “Always”, statements on the Managed Account will not be available for viewing.

  Attention! Non-trading operations are displayed immediately after their execution, regardless of the option chosen for updating the Investors' statements.

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  How to register a Manager’s Partner

  PAMM-Account Partnership Programs allow the Manager to set up partnership relations with any Alpari client. These programs also include a flexible and convenient reward system for partners, thanks to which both Managers and Partners can control their remuneration payments.

  To add a PAMM-Partner to their account, the Manager must complete the following instructions:

  • Confirm the number of the potential Partner’s myAlpari account;
  • Authorize in myAlpari;
  • Go to the “Manager’s Workshop”;
  • Click the “My Partners” icon;
  • Click the link “Would you like to add a Partner?”;
  • Fill out the form and click “Add”.

  Your Partner will be informed by email of your decision.

  When adding a Partner, the Manager sets the type and size of the Partner’s remuneration.

  There are two types of remuneration:

  • Auxiliary Remuneration — percentage of Manager’s Remuneration from profit, received from all Investors in the PAMM-Account;
  • Acquisition Remuneration — percentage of Manager’s Remuneration from profit, received from Investors acquired by the Partner in question.

  The percentage set for the Partner’s Remuneration remains in force until the date the cooperation terms are reassessed (reassessment date). The Manager specifies when the next reassessment date will be when adding a Partner.

  A Manager may also at any time offer the Partner new cooperation terms. In this case, it is at the Partner’s sole discretion whether or not to accept the new cooperation parameters in advance or wait until the reassessment date that the Manager originally set.

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  How can the Manager adjust trading positions when an Investor makes a deposit or withdraws funds?

  The Manager must independently track the volume of all open positions on a PAMM-Account and correct positions accordingly when executing deposit and withdrawal requests.

  You can find examples describing variations of adjusting positions in reaction to deposit/withdrawal below:

  Let's first look at this simple situation:

  There is a PAMM-Account consisting of two Managed Accounts and the Manager’s Managed Account. The Equity of the PAMM-Account is 10,000 USD.

  

  The Manager opens a Buy position on EUR/USD with a volume of 4 lots at 1.29000.

  

  	Start
  Manager	3,000 USD
  Investor 1	1,000 USD
  Investor 2	6,000 USD

  
  

  At Rollover, the price falls to 1.28800, resulting in a proportionally distributed loss of 800 USD.

  

  	Start	Rollover 1
  Manager	3,000 USD	3,000 - 240 = 2,760 USD
  Investor 1	1,000 USD	1,000 - 80 = 920 USD
  Investor 2	6,000 USD	6,000 - 480 = 5,520 USD

  
  

  After Rollover, the price climbs up to 1.29300, resulting in a proportionally distributed profit of 2,000 USD.

  

  	Start	Rollover 1	Rollover 2	Result
  Manager	3,000 USD	3,000 - 240 = 2,760 USD	2,760 + 600 = 3,360 USD	3,360 USD
  Investor 1	1,000 USD	1,000 - 80 = 920 USD	920 + 200 = 1,120 USD	1,120 USD
  Investor 2	6,000 USD	6,000 - 480 = 5,520 USD	5,520 + 1200 = 6,720 USD	6,720 USD

  
  

  Now let’s consider the same situation but with deposit or withdrawal of funds.

  Fund Deposit.

  Let’s consider the situation when a deposit is made to the PAMM-Account.

  There is a PAMM-Account consisting of two Managed Accounts and a Manager’s Managed Account. The Equity of the PAMM-Account is 10,000 USD. The Manager opens a Buy position on EUR/USD with a volume of 4 lots at 1.29000.
  At Rollover, the price falls to 1.28800, resulting in a proportionally distributed loss of 800 USD.

  

  	Start	Rollover 1
  Manager	3,000 USD	3,000 - 240 = 2760 USD
  Investor 1	1,000 USD	1,000 - 80 = 920 USD
  Investor 2	6,000 USD	6,000 - 480 = 5,520 USD

  
  

  The Manager is notified that a Managed Account with 5,000 USD invested has been added to the PAMM-Account during the current Rollover.

  

  At Rollover, the Manager has to adjust the trading positions taking the new investments into account:

  In this case, since funds were deposited, the Manager has to obtain additional volume. The volume necessary can be calculated as follows:

  (SumInv / Equity) * Lots

  Where:
  SumInv – amount of new investments,
  Equity – PAMM-Account Equity at Rollover,
  Lots – volume necessary.
  In our example: (5,000/9,200)*4 = 2.16

  This means that in order to adjust the trading positions, the Manager should buy 2.16 lots on EUR/USD.

  Thus, the Manager opens the following additional position: BUY - EUR/USD 2.16 1.28800

  

  	Start	Rollover 1
  Manager	3,000 USD	3,000 - 240 = 2,760 USD
  Investor 1	1,000 USD	1,000 - 80 = 920 USD
  Investor 2	6,000 USD	6,000 - 480 = 5,520 USD
  Investor 3	0 USD	Deposit 5,000 USD

  
  

  After Rollover, the price climbs up to 1.29300, resulting in a proportionally distributed profit of 3,080 USD.

  

  	Start	Rollover 1	Rollover 2	Result
  Manager	3,000 USD	3,000 - 240 = 2,760 USD	2,760 + 600 = 3,360 USD	3,360 USD
  Investor 1	1,000 USD	1,000 - 80 = 920 USD	920 + 200 = 1,120 USD	1,120 USD
  Investor 2	6,000 USD	6,000 - 480 = 5,520 USD	5,520 + 1200 = 6,720 USD	6,720 USD
  Investor 3	0 USD	Deposit 5,000 USD	5,000 + 1,080 = 6,080 USD	6,080 USD

  
  

  We should note that when adjusting trading positions, deposit of funds has no impact on Investors' trading results.

  Fund Withdrawal.

  Let’s consider the situation when funds are withdrawn from the PAMM-Account.

  There is a PAMM-Account consisting of two Managed accounts and a Manager’s Managed account. The Equity of the PAMM-Account is 10,000 USD. The Manager opens a Buy position on EUR/USD with a volume of 4 lots at 1.29000.

  At Rollover, the price falls to 1.28800, resulting in a proportionally distributed loss of 800 USD.

  

  The Manager is notified at the current Rollover that Investor 2 has prematurely withdrawn all their funds from the PAMM-Account. The amount withdrawn equals 5,520 USD.

  

  During Rollover, the Manager has to adjust the trading positions taking the investments withdrawn into account:

  In this case, since funds were withdrawn, the Manager has to reduce the volume of the positions. The volume necessary can be calculated as follows:

  (OutInv / Equity) * Lots

  Where,
  OutInv – amount withdrawn,
  Equity – PAMM-Account Equity at Rollover,
  Lots – volume necessary.
  In our example: (5,520/9,200)*4 = 2.4

  This means that in order to adjust the trading positions, the Manager has to close 2.4 lots on EUR/USD.

  Thus, the open position will become: BUY - EUR/USD 1.6 1.28800

  

  	Start	Rollover 1
  Manager	3,000 USD	3,000 - 240 = 2,760 USD
  Investor 1	1,000 USD	1,000 - 80 = 920 USD
  Investor 2	6,000 USD	6,000 - 480 = 5,520 USD (Withdrawal 5,520)

  
  

  After Rollover, the price climbs up to 1.29300, resulting in a proportionally distributed profit of 800 USD.

  

  	Start	Rollover 1	Rollover 2
  Manager	3,000 USD	3,000 - 240 = 2,760 USD	2,760 + 600 = 3,360 USD
  Investor 1	1,000 USD	1,000 - 80 = 920 USD	920 + 200 = 1,120 USD

  
  

  We should note that when adjusting trading positions, withdrawal of funds has no impact on Investors' trading results.
  In the case that several deposit/withdrawal requests are executed at the same time, the total amount deposited/withdrawn must be calculated first and then the trading position volume may be adjusted using the formulas above.

• Read Close 11

  What is PAMM-Account Liquidation? Liquidation Conditions

  PAMM-Account Liquidation is the liquidation of all Managed Accounts included in the composition of a PAMM-Account. A PAMM-Account can be liquidated either on the initiative of the Manager or on the initiative of the Company.

  Liquidation on the Manager’s Initiative

  Liquidation of a PAMM-Account is carried out through submitting a Liquidation Request in the Manager’s Workshop. There should be no open positions or pending orders when the request is sent. If this is not the case, the request will be declined.

  After the Manager sends a request to liquidate a PAMM-Account, the following actions take place:

  • The ability to carry out trading operations on the account is blocked;
  • Relevant information is posted on the Company website.

  Liquidation on the Company’s Initiative

  The Company can liquidate a PAMM-Account in the case the Manager does not fulfill their obligations. This may refer to:

  • Low indicator level on Monitoring (automatic, without warning);
  • Suspicion of fraud (with prior warning);
  • Absence of trading activity for a prolonged period (with prior warning);
  • Noncompliance with forum rules (with prior warning);
  • Insufficient activity in discussing the PAMM-Account in the personal thread on the forum (with prior warning);
  • Other reasons (including those without prior warning and without explanation).

  When a PAMM-Account is liquidated on the Company’s initiative, the following actions take place:

  • All trading positions are closed at the current market price (or at the last price for session-traded instruments);
  • All pending orders are deleted;
  • The Manager’s ability to carry out trading operations on the PAMM-Account is blocked (the PAMM-Account is transferred to non-trading mode);
  • Relevant information is posted on the Company website.
• Read Close 12

  How to Change the PAMM-Account Type

  A Manager may change from a pamm.mt4 account to a pamm.systematic, pamm.ndd.mt4 or pamm.ecn.mt4 account.

  In order to change the PAMM-Account type, it is necessary to:

  • Authorize in myAlpari;
  • Go to the "My PAMM-Accounts" tab in the "Manager's Workshop";
  • In the "Type" line, choose the desired PAMM-Account type;
  • Click "Change".

  In order to switch to a pamm.systematic account, a Manager must have on his account:

  • at least 300 USD (for accounts with USD as the deposit currency);
  • at least 200 EUR (for accounts with EUR as the deposit currency);

  To switch to a pamm.ndd.mt4 account, a Manager must have on his account:

  • at least 1,000 USD (for accounts with USD as the deposit currency);
  • at least 1,000 EUR (for accounts with EUR as the deposit currency);

  To switch to a pamm.ecn.mt4 account, a Manager must have on his account:

  • at least 5,000 USD (for accounts with USD as the deposit currency);
  • at least 5,000 EUR (for accounts with EUR as the deposit currency);

  Important: After changing account types, a new login and password will be sent to the user's registered email address. Also, the server will switch to "Alpari-Classic" (pamm.systematic), "Alpari-NDD-Live" (pamm.ndd.mt4) or "Alpari-ECN-Live" (pamm.ecn.mt4). You can find out the server addresses in the help section.