PAMM Account Rules

The PAMM Account Service allows investors to place their money in the hands of a money manager, the “Manager”, who makes trades on the Forex market on their behalf. The service combines the Managed Accounts of investors into a single account (the PAMM Account), which is traded exclusively by the Manager.

Another thing that sets the PAMM Account apart is that the PAMM Manager is also required to be an investor in his account. The Manager is required to keep a certain amount (the Manager's Capital) on their account at all times, ensuring that they will have the interests of investors in mind when trading. Before a PAMM Account is activated, the Manager must transfer to their account:

• At least 200 USD (if the deposit currency is USD)
• At least 200 EUR (if the deposit currency is EUR)

Before a Manager can make their PAMM Account Public, they must be registered in the Forum, with a nickname and a password. Once a PAMM Account has been activated, a private thread will be created in the Forum dedicated to the account . The account will begin to appear in the complete list of PAMM Accounts.

PAMM Accounts will only appear in the Ratings if:

• The Manager has verified their registered information.
• The account has been open for at least a month.
• The Manager's Capital is at least 3,000 USD / 2,000 EUR.

The Proposal outlines the conditions under which the PAMM Account will operate and serves as an invitation for potential investors to create Managed Accounts on the PAMM Account.

The Proposal contains a number of parameters which the Company uses to establish the conditions of investment as well as the remuneration of the Manager. The Manager may also create an inactive Proposal in which investment in the PAMM Account is not accepted. To activate a Proposal and allow investment, the Manager must confirm the information that he/she provided while registering myForexTime.

The minimum deposit/withdrawal amount for a Managed Account is 3 USD or 2 EUR (depending on the currency of the account).

The Manager may create an unlimited number of Proposals, but only one Public Proposal.

A procedure known as a “rollover” takes place every hour on all PAMM Accounts. At this time, trading results are recorded, the Manager’s remuneration is calculation, deposit/withdrawal requests are processed (during active rollovers) and information about the PAMM Account is updated. A rollover begins on the hour, every hour and lasts for several minutes.

There are two kinds of rollover: active and idle. During active rollovers, investors may make deposits or withdrawals to their Managed Accounts; during idle rollovers deposits and withdrawals cannot be made.

The trading interval for Managed Accounts begins on the activation date (i.e. the day of the first deposit) and lasts for one month.

Investors may make deposits to the Managed Account by filling out the deposit request form in myForexTime. The amount of the deposit will be withdrawn from the Transitory Account of the Investor. If the deposit currencies of the Manager’s Account and the Transitory Account are different, the funds will be converted at the internal exchange rate of the Company.

When a deposit request is made in myForexTime, the time of the next rollover is recorded (the rollover is when the request will be fulfilled). The Investor may not cancel a deposit request.

Investors may withdraw funds by filling out the withdrawal request form in myForexTime. When making a withdrawal, the Investor must make sure to leave sufficient funds on the Managed Account to satisfy the minimum balance requirements as specified in the Manager’s Proposal. If the Investor wishes to remove all funds, he/she must close the Managed Account.

When a deposit request is made in myForexTime, the time of the next rollover is recorded (the rollover is when the request will be fulfilled). The funds will then be transferred to the Investor’s Transitory Account.

The Investor may not cancel a deposit request.

The balance of the Managed Account is increased by deposits and decreased by withdrawals. At the end of the Trading Interval, and after the Manager is remunerated, the balance of the account is equal to the equity.

The equity of a Managed Account is determined as follows

1. Every trade made by the Manager increases or decreases the equity of the account by the amount of the gain or loss of the trade.
2. The Manager’s remuneration reduces the amount of the equity by the amount of the remuneration.
3. Every deposit increases the equity by the amount of the deposit.
4. Withdrawals decrease the equity of the account by the amount of the deposit as long as the equity is greater than or equal to the balance. If the equity is less than the balance, a withdrawal reduces the equity in proportion to the reduction of the balance.

The Manager’s remuneration is calculated as:

(Equity-Balance) * Fee/ 100,

Where,

• Equity - equity on the Managed Account
• Balance - the balance of the Managed Account
• Fee - the Manager’s Remuneration rate as specified in the Manager’s Proposal.

The Manager’s remuneration for profitable trading is paid:

• At the end of the Managed Account’s trading interval
• When the Managed Account is closed
• When the Managed Account is liquidated

When a PAMM Account is liquidated, all Managed Accounts in the PAMM Account are also liquidated. The Manager may liquidate the Account by filling out the liquidation request form in myForexTime. To liquidate a PAMM Account, all trading positions on the account must be closed.

The Company may liquidate a PAMM Account for any of the following reasons:

• Poor performance. If the rate of return of the Account is -95% or worse for 24 straight rollovers, the Account will be closed automatically without prior warning.
• No activity on the Account. If no trades have been made on the Account for 100 consecutive days, the Account is automatically closed. The Company will send the Manager a warning notifying him/her of the impending liquidation.
• Violation of the rules of the forum (Manager will be warned first)
• Insufficient participation in discussion of the Account on the Manager’s personal thread in the forum. (Manager will be warned first)
• Other reasons (including those without warning or explanation)