Perhaps playing on the foreign exchange market will not make you a millionaire, but what if? After all, this is a legal and fast, albeit a high-risk way of increasing capital. However, not everyone knows how or wants to play on the currency exchange on their own. And here such a convenient financial instrument as a PAMM account will come to the rescue. It is an investment service provided by a broker that helps investors and traders find each other.
The key things to look out for when choosing a PAMM account are:
- Age (preferably from a year and above);
- profitability;
- number of investors;
- the amount of funds in management;
- the size of the maximum and current drawdown.
Having studied the data of the leading forex broker in Russia, the company Alpari, we have compiled the top 10 most promising PAMM accounts in 2020, which have shown stable growth over the past months without significant drawdowns. By investing in these accounts, you can now earn the most.
In addition, by replenishing the deposit before December 31, 2019, you get + 20% as a gift. Details by clicking on the banner.
We advise you to read: Investing in PAMM accounts from A to Z.
Alpari PAMM Accounts Rating for 2020
10. Gemmaster
Funds under management - $ 79,490.92
Trading result - $ 69,464.71
If you want to invest your funds in a time-tested PAMM account, then Gemmaster is the most recommended option, as it has existed for over 6 years. The minimum investment is only $ 50.
This account is the only one on the list with an average level of trading aggressiveness (from 3 to 5%). Its average daily profit is 2.67% and its average loss is 1.74%. And the total profitability reaches 34,054.1% (higher - only the first number of the rating).
The downside of high profit percentages is drawdown - the largest loss that an investor can receive at the moment in relation to the highest profitability for the entire period of the PAMM account. Gemmaster currently has a drawdown of 20.27%, but there were some hard times when the maximum drawdown reached 60%.
9. Pilot1
Funds under management - $ 2,164.28
Trading result - $ 993.59
This very promising PAMM account in 2020 is for those who are not afraid to take risks and want to get a good profit at a low cost. It is still very young (1 month and 4 days at the time of the rating), has a maximum range of aggressiveness - from 7% or more, and at the same time has a good overall profitability - 380.5%.
The minimum investment is $ 50. And the average daily profit is as much as 20.61%. However, the loss can reach 12.28%.
As for the current drawdown, it is 9.06%, which is much less than Gemmaster, but much higher than the first three places of the rating. The maximum was over 56%.
8. AnapaTrader RUB
The amount of funds under management - 946,343.98 rubles.
Trading result - 186,013.44 rubles.
This broker allows you to place money in rubles and the minimum possible investment is 3000 rubles. The maximum aggressiveness and regularity of trading allowed AnapaTrader to bring the total profitability up to 372.7% within a short period of account existence (3 months and 6 days).
The average daily profit of the account reaches 11.8%, and the loss is 8.46%. The current drawdown is also small - 3.18%, but the maximum was significant - 41.16%.
Successful activity allowed AnapaTrader in a short period of time to approach the number of investors (now there are 70 people) to the seventh place in the list, which has been operating on the PAMM account market for almost three years.
7. Spotted
Funds under management - $ 14,235.47
Trading result - $ 1 957.32
Over the entire history of its existence (namely, over 2 years and 10 months), this account has reached a very good rate of return - 3,294.1%.
Like most of the other members of Alpari's Best PAMM Accounts list, Spotted accepts investments in dollars, and the minimum amount is also standard - $ 50. The account holder adheres to an aggressive trading strategy and, given the duration of the account's existence and the profitability, it fully justifies itself.
Spotted has an average daily profit of 6.41%, while losses can be as high as 4.68%. The current drawdown is minimal - 1.72%, maximal - 62.04%.
6. Independence smt
The amount of funds under management - $ 2,031.36
Trading result - $ 1,123.05
If you want to experiment with a portfolio and are ready to take risks, then it is difficult to find a better option than this PAMM account. It opened a little less than 2 months ago and has already reached 341.7% yield.
The minimum investment is standard - $ 50, the aggressiveness of the account is at the highest level, and the average daily profit of 13.97% is almost comparable to the average daily loss of 13.08%.
There are only 10 investors in this account so far, but there are already a lot of funds in management. The current drawdown of Independence smt was 5.28%, maximum - 42.76%.
5.Jet 2019.24
Fund under management - $ 11,195.24
Trading result - $ 3,877.2
Here is another excellent platform for risky investors who will surely be attracted by the 774.0% profitability and, perhaps, will not be deterred by the short life of the PAMM account - 1 month and 14 days.
Jet 2019.24 is already trusted by 60 people, which, you see, is a good result in such a short time of its "life". The minimum investment in its development is $ 50.
The account holder adheres to an aggressive strategy, with an average daily profit of 32.02% for his account and a daily loss of 18.98%. If things go wrong, then the maximum drawdown is 68.12%, and the working (current) drawdown is 17.35%
4. I am back
Funds under management - $ 225,035.85
Trading result - $ 52,562.28
632 people have entrusted their funds to this very young, four-month-old account (which is 25 people more than the age-wise Gemmaster). You can invest 50 dollars and be in their ranks.
And this love of investors for I am back is not surprising, given the return of 1,712.3%. It can be safely called one of the best PAMM accounts of 2020, if things go on as well in the future.
I am back has the highest aggressiveness, like almost all accounts in this rating, with an average daily profit of 9.34% and a loss of 7.64%. The current drawdown is just below 6%, and the maximum drawdown is up to 40%.
3. A24
The amount of funds under management - $ 147,042.9
Trading result - $ 34,960.54
Another fresh one in the selection of the best PAMM accounts of 2019 so far demonstrates a yield of 2,504.7%. The minimum investment in a project is $ 50. 400 investors have entrusted their funds to this account.
By the way, this PAMM account is the only one in the top 10 with an average daily loss of 23.27% that can outweigh the average daily profit of 16.65%. The current drawdown reaches only 0.01%, the maximum is much higher - 48.55%.
2. Chimney
Funds under management - $ 11,092.63
Trading result - $ 34,960.54
From young to early, let's move on to accounts that are more than one year old - these are the first two places in the rating.
This is an "aggressive" account for medium and long-term investments in dollars, the current drawdown of which reaches 8.15%, the maximum drawdown is 73.28%, the average daily profit is 6.46%, and the loss is 4.2%. The minimum investment amount is $ 50. And Chimney's profitability for the entire period of its existence was 823.3%.
1. Moriarti
Funds under management - $ 2,434,666.49
Trading result - $ 1 604 587.36
This is the best PAMM account in 2019 and, perhaps, the most promising in 2020, has existed for a long time - 4 years and 11 months, has a high yield (128 455%) and conducts active, almost daily trading. He has a large number of investors - 4,301 people, and an impressive amount of money in management.
The current drawdown is small - 0.48%, which cannot be said about the maximum one (60.84%).And the average daily profit and loss is 4.55% and 3.39%, respectively. The threshold for joining Moriarti is $ 50.