BuzzFx offers many ways for investors to make an informed decision, including detailed CVs, qualifications, past performances in terms of returns, amount of money managed, numbers of associated investors, positive/negative reviews, etc.

Here are a few things to bear in mind:

BuzzFx Investors

• Usually, the investors have no choice of forex trading assets, except for those offered by the money manager.
• They carry the risk of losing their capital due to trading activities of money managers, but also enjoy the potential of returns if the manager performs well.

Account Managers

• Have access to the money only in their pool. They cannot pull money from investor’s trading accounts. For example, Paul may have a total of $9,000 in his forex trading account, but since he has allocated only $4,000 to Marcus, Marcus cannot trade beyond that $4,000.
• Can set a minimum and a maximum amount criteria for investors.
• Can accept or deny new investors as they wish.

Conclusion

PAMM accounts are a simple hassle-free method for investors to pick and choose their money managers for forex trading. With these accounts, investors benefit from profits with minimal involvement. However, PAMM accounts also carry the risks of capital loss, based on the PAMM manager's performance.

Reduce Your Trading Costs with BuzzFx

One way to improve your return is to cut down on your costs. BuzzFx is driven to provide traders with low-cost pricing across CFDs on forex, indices, commodities and more. BuzzFx offers several account types to suit all traders, as well as fast execution and spreads from as low as 0.1 pips on major forex pairs on specific accounts. BuzzFx is changing the way traders all over the globe trade forex and CFDs.