What is PMAM Software

A trading platform is a software system that lets people trade various financial assets. It allows investors to open, liquidate, and manage market positions online through a financial intermediary, such as an online broker. Moreover, many traders integrate PMAM solutions to manage multiple accounts more efficiently.

Brokers often give free or discounted online trading platforms in exchange for maintaining a funded account and/or conducting a specific number of transactions per month. The best trading systems mix robust functionality with low expenses.

Personal Multi Account Manager (PMAM) is one of the industry’s most flexible and sophisticated systems, ideal for both expert traders and money managers who can trade and handle numerous MT4 accounts at the same time. The platform provides customers with an easy-to-use money management system that includes advanced tools for optimal market execution.

PMAM: Benefits & features

The PMAM trading platform simplifies trading by removing the hassle of managing several accounts. It allows traders to concentrate on trading using the Metatrader 4 Master Account while PMAM handles all of the other activities.

• Online order management, positions, and equity 
• One-click order input
• Manage an infinite number of accounts
• Price tracking of financial instruments and currency rates
• Activity updates
• Microsoft Windows 98 or above is required

PMAM: allocation methods

PMAM supports eight volume-based allocation methods:

Allocation of lots

The system allocates volume from the master account to the sub-accounts according to their predefined criteria. It distributes the volume proportionally based on each sub-account’s specified lot size. In addition, lot allocation allows the master account to trade with variable lot sizes.

Balance-Based Allocation in PMAM

This method calculates the master account’s trading volume based on the balances of the sub-accounts. It performs this as a routine operation.

Percentage allocation of equity

Traders use this type of allocation when they need to assign volumes to sub-accounts based on a percentage. This approach makes it easier to define each account’s risk. Furthermore, the percentage option sets the portion of equity to be traded for each sub-account, a method widely used in PMAM setups for faster and more streamlined distribution.

P/l percentage allocation in PMAM

When the master position is closed, the system applies a deposit or withdrawal transaction instead of opening positions on the sub-accounts. Similar to the previous method, users choose this approach when they want to allocate to other accounts based on a predefined percentage parameter.

Allocation in percentages

This method splits the volume of the master trade across the sub-accounts according to their defined percentage parameters. It also calculates the payout as a proportion of the total trading volume.

Equity allocation in proportion

The system computes the percentage automatically in this method, just as it does in the proportion balance allocation approach. The main difference is that it uses equity instead of balance. No further adjustments are necessary here.

Equal risk allocation

Using this strategy, the issue of regulating margin on sub-accounts is addressed. Sub-accounts are occasionally terminated because of low margin levels. This is the only method that considers margin level. This approach, however, allows you to define the minimum% level for each sub-account.

P/l proportional allocation

As with the % allocation by p/l technique, you won’t open any positions. Instead, the system makes a deposit or withdrawal to the sub-accounts after the master trade concludes. Users choose this method when they want the system to allocate sub-accounts proportionately to their balance.

Why use PMAM?

As technology progresses, more trading platforms enter the financial markets. PMAM, that is, Personal Multi Account Manager, is part of this advancement.

So, just what is PMAM? This versatile and efficient trading platform is ideal for experienced traders and investment portfolio managers who wish to handle several accounts, online orders, and positions with a single click. The application also gives clear activity statistics as well as real-time market price and rate monitoring.

PMAM provides experienced traders with all the software tools they need to quickly and efficiently allocate and distribute funds under a master account in real-world trading conditions.

Choosing a trading platform

When you first start trading forex online, it might be difficult to choose the ideal platform because there are so many of them. These are some of the aspects that traders seek in a platform, ranging from how easy it is to navigate to how complex its features are, how simple it is to understand, and how good the quality of its tools is.

Fiabilité

Select a platform provided by a reputable broker with years of industry experience.

Effectiveness

Selecting a robust platform with consistent performance and operations is also critical.

User-friendly interface

Choose a platform with minimal features and an easy-to-use user interface.

Client support

Be certain that you receive guidance at all stages of your trading adventure.

Characteristics

Adhere to a platform that better matches your wants and trading needs. A range of features should also be considered.

Trade using PMAM with IronFX

IronFX is a well-known CFD broker. PMAM is created exclusively for the company’s clients by professional in-house developers. Other advanced platforms available from IronFX include the MT4 trading platform, the TradeCopier platform, and VPS hosting. The broker stays up to date on market news and trends and aims to provide services that satisfy the demands of all traders. Regardless of your trading experience, you may gain access to the IronFX Trading School to listen to podcasts, view live webinars on numerous industry issues, locate content for beginners and specialists, and much more. Lastly, IronFX offers approximately 500 financial products in six asset classes: forex, metals, indices, equities, commodities, and futures. Clients may benefit from ultra-low spreads, variable leverage, competitive conditions, and 24-hour customer assistance.

Avertissement :

Ces informations ne doivent pas être considérées comme un conseil ou une recommandation d'investissement, mais uniquement comme une communication marketing.