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A MAM (Multi-Account Manager) account in Forex is a trading account that allows professional money managers to manage multiple clients accounts from a single master account.
With a MAM account, the manager can place trades on behalf of their clients, with the positions automatically replicated in all the associated client accounts. The manager can also set individual risk parameters and allocation rules for each client account, and manage multiple trading strategies within a single master account.
Money managers commonly use this type of account and investors are offered the service by Connexar capital ltd. It allows for the efficient management of multiple accounts with different trading strategies and risk levels and provides transparency and reporting for both the manager and the clients.
The main features of a MAM (Multi-Account Manager) account in Forex include:
Multiple Account Management: The MAM account allows professional money managers to manage multiple clients accounts from a single master account, making it efficient to trade and manage multiple accounts with different strategies and risk parameters.
Trade Allocation: The manager can allocate trades across multiple client accounts, either on a percentage basis or on a lot size basis. This allows the manager to manage different trading strategies and risk levels for different client accounts.
Automated Trading: The MAM account allows for automated trading, where trades are placed and managed automatically by the trading platform. This can save time and effort for the manager, and ensures that trades are executed consistently across all client accounts.
Reporting and Analytics: The MAM account provides reporting and analytics features that allow the manager to track and analyze the performance of each individual account, as well as the overall performance of the master account. This allows the manager to make data-driven decisions to optimize trading strategies and manage risk.
Note: Overall, the MAM account is a powerful tool for professional money managers and Forex brokers to efficiently manage multiple client accounts and offer managed account services to their clients.
Unlike the PAMM account, the
MAM account as well as the investor's account will have a balance. Investors
will have their own balance, money manager will have a MAM pool account
It's important for money managers to know the appropriate volume for the MAM account,
Depending upon the
follower's pool size account, the MAM manager needs to maintain the volume
Investor “X” account $1000 -
Investor “Y” Account $2000
Investor “Z” Account $3500
Overall MAM size accounts for $6500, as the money manager needs to follow the same as the PAMM pool size.
In the above example, The money manager MAM account pool size is $6500 therefore money manager has to maintain a minimum volume of 0.07 Volume.
If the pool size differs for example if Investor “Y” has withdrawn the full amount invested then the MAM pool size will become $5500, then 0.05 minimum volume has to maintain
If new investor “A” joins the MAM account with a balance of $2300, then PAMM pool size will become $7800 - 0.08 Volume required
If the pool size is $10,000 - 0.10 Volume required
If the pool size is $50,000 - 0.50 Volume required
In the above example. If the MAM account pool size is $6500- if the investor enters 0.07 then Investor “X” will get 0.01,
Investor “Y” will get 0.02, and
Investor “Z” will get “0.04”
if Incase if the money manager enters less volume of 0.03, then all investors will get 0.01 volume, then the profit or loss won’t be in the equalized split.
Note: Whenever new investors are added, check the minimum volume requirements.
When do I get the profit share from the investors?
For Ex: Investor “X” allocated risk 10% of and Investor “Y” allocated 15% risk,, etc in these cases, whichever risk limit was allocated from the investors, the investors account will be removed if it met with risk limit, If the above example if you met 10% loss, then Investor “X” will be removed automatically from the PAMM account
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ConnexarCapital Ltd is incorporated under the jurisdiction of Saint Vincent and the Grenadines.
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