Overview of FXOpen's Best-performing PAMM Accounts of August 2022
Autumn has come, but this did not affect the trading of FXOpen PAMM masters who continue to trade on forex, demonstrating positive results to their followers. Despite the fact that the financial markets are restless, and investors are wary of sudden movements, we bring to your attention those traders who can turn the situation in their favor, making good money on fluctuations in the rates of various currency instruments, and therefore are promising for investments in the autumn months.
As of September 1, 2022, 141 active accounts are open on the FXOpen platform with $2,344,364.00 of subscriber funds invested, according to Investflow monitoring statistics.
FXOpen’s TOP-10 August 2022 PAMM Accounts
FXLionCross
This PAMM is a long-liver, having been launched back in 2014. The account sometimes shows small periodic drawdowns, but it can be called stable with conservative returns. The provider most likely trades with an automatic adviser that is configured for one currency pair, NZDCAD. High weekly drawdowns have not been observed for a long time despite the instability in the financial markets. In August 2022, 2.23% was earned. This account brought a low but stable income. The provider has been in the black for the past year. More than 25% has been earned in 2022. One can join this manager for 1000 USD or more.
PierstageCapitl
PierstageCapitl has been trading on the FXOpen platform for over half a year, although the account itself was opened much earlier, in November 2019. The manager can be described as a conservative trader. The maximum drawdown on the account over the years of trading is only 8.20%. They have also been showing excellent results since the beginning of the year: there is not a single month with negative statistics. In August, little was earned, 8.64%, and this is in the absence of a drawdown on the account. The main trading instruments that this trader prefers are GBPUSD, AUDCAD, AUDNZD and other pairs. The account is suitable for large investors, since it is possible to join for 10,000 USD or more.
Pandorum
This manager has been trading with FXOpen for over 2 years. The maximum drawdown on the account has been kept for quite a long time at the level of 28.52%. Since the beginning of 2022, all months of the account have been closed with a plus, and only a few weeks have closed with a slight minus. In August, 2.77% was earned with a maximum drawdown of 8.06% and a deposit load of 33%. For the month of August, all transactions were closed and there is no floating drawdown observed. The trader still prefers the AUDCAD currency pair for trading, but occasionally trades NZDCAD and AUDNZD. One can join the offer for 1 USD. The investor's earnings will be 65% of the profit. There is no penalty for early investor exit.
FastWay
This account was opened in December 2019. It has been trading profitably for a long time, attracting its growing number of investors with stability. Since the beginning of the year, only August has been a little unfortunate, a conservative minus amounted to -0.89%. But in general, as of September, the account looks very promising. The maximum drawdown is still 17.23%. The statistics can be called almost ideal for an investor. In August, the maximum drawdown was 3.55%, the deposit load did not exceed 4%. There is no working drawdown for September. One can join the provider from 200 USD, the penalty for early withdrawal is 5%.
AcHotECN
AcHotECN is a newbie manager, but one that has already attracted attention. The account was opened at the beginning of May 2022. 86% earned since opening. In August, the profit was 2.3%. The maximum drawdown per month is minimal when the deposit is loaded at 35%. The maximum drawdown since opening the account was 9.70%. 82% of all open trades have been profitable. Main trading pairs: AUDCAD, NZDCAD, AUDNZD. One can join the manager for just 1 USD. The investor receives 70% of the profit. There is no penalty for early withdrawal.
haft8
Provider haft8 has been trading on a EUR account with FXOpen for over a year. The account is interesting, although there have been some difficulties lately. The maximum drawdown is yet to exceed 32%. Since the beginning of the year, 66% of the profit has been earned. In August, earnings amounted to 22.96%. The manager prefers the EURUSD pair. In September, there is a floating drawdown on the account, so for now, it would be wise to continue watching. The minimum amount of investment in the account is 1000 USD.
mixture
This account has been trading since August 2021. In 2022, the statistics look good, despite the fact that there were some difficulties at the beginning of the year. Since the beginning of the year, more than 100% of the profit has been earned. In August, this trader brought 18.26% to the piggy bank. Aggressive drawdowns can be observed on the account, but in general, 92% of all trades are profitable. In August, trading was carried out in EURUSD, NZDUSD, AUDUSD trading pairs. The maximum drawdown in August did not exceed 7%. The deposit loading was kept at the level of 8%. At the beginning of September, there is no floating drawdown observed on the account. One can join this PAMM account for 50 USD. There is no penalty for early withdrawal.
VESBOLTSemiHFT
VESBOLTSemiHFT has been active since May 2021. A fairly stable manager who has already earned more than 44% profit since the beginning of the year, interesting for their low-risk trading. The maximum drawdown on the account since opening is only 3.38%. In August, it did not exceed 1%. Last month, 5.28% was earned. The main trading pairs of the manager are EURCHF, EURGBP, EURCAD, AUDUSD. One can join this PAMM account for 1000 USD. There is no penalty for early withdrawal.
kwarst
This is a conservative manager who trades very carefully. The account was opened in February 2020, that is, the account is already 2.5 years old. The maximum drawdown for the entire time did not exceed 14.50%. In August, they traded very little, and therefore the result is almost zero. But as of September, the manager can be called promising, the first profitable deals have already been closed. The maximum drawdown in August did not exceed 0.26%. At the time of writing the review, there are no open transactions on the account. The main trading pairs in August are AUDUSD, GBPUSD, and EURUSD. One can join the offer for 100 USD.
BFS
BFS is a beginner manager, the account was opened in May 2022. More than 20% of profit has been earned since the opening of the account. The maximum drawdown is kept at a conservative level of 12.68%. In August, +3.58% was earned. The maximum drawdown in August was at the level of 1.66%, and the deposit load was 0.59%. Trades one currency pair, AUDCAD. One can join the account for at least 50 USD. Early withdrawal penalty is 5%.
The above were the top 10 PAMM providers from the FXOpen rating, who have every chance to show profitable trading in September. We wish you the best of luck with your investments!
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Read more: https://fxopen.com/blog/en/overview-of-fxopens-pamm-accounts-august-2022/
Text source: Forex Trading Blog
