Overview of FXOpen's Best-performing PAMM Accounts of January 2023

At the end of the second month of winter and after the end of all Christmas season holidays, working days continue. It will be important for many to achieve stability of earnings when investing their savings — February is a short month in terms of the number of days — and, most importantly, to have time to correctly select suitable stable PAMM accounts for the portfolio, while PAMM managers must show the most positive results in such a short period.

Read how the top FXOpen PAMM providers performed in January 2023 in our new review.

As of February 1, 2023, investments amounted to 1,998,554.00 USD on 127 PAMM accounts (according to Investflow monitoring statistics).

FXOpen’s TOP-10 January 2023 PAMM Accounts

Pandorum

Pandorum has been trading for almost 3 years at FXOpen — since June 2020. They trade confidently, risks are moderate, while drawdowns are low. The maximum drawdown during the existence of the account is 28.52%. In general, the provider started the year successfully. In January, they were able to earn 21.54% with a maximum drawdown of 7.67% and a deposit load of about 20%. At the time of writing the review, there is no floating drawdown observed. From the very beginning, the trader chose the following currency pairs for trading: AUDCAD, NZDCAD, and AUDNZD. An investor can join the account with an amount of 1 USD.

FXLionCross

One of the best providers of last year, who has been trading without significant negative results. The account was opened in March 2014. In January, their automatic strategy was able to bring subscribers 4.28% in profit, which, despite a sleepy holiday month, is not a bad result. The floating drawdown in January did not exceed 3.04% with a deposit load of about 8%. Trading is carried out only in one currency pair, NZDCAD. Since the beginning of February, there has been a small working drawdown in the account. One can join this manager with an amount of 1000 USD or more.

PowerGold986

A new provider, but with attractive positive trading results. The floating drawdown reached only 10.28%. Judging by the statistics, the manager trades cautiously and with little risk. The account has been open since mid-November. January ended positively, the profit amounted to 42.09% with a maximum drawdown and a deposit load for the last month of about 0%. In December, trading was carried out mainly in gold (XAUUSD) and the USDJPY currency pair. One can join this manager with an amount of 200 USD.

haft8

Provider haft8 has been trading on the FXOpen platform since April 2021, showing moderate risks without significant losses during the trading months. In January, they were able to earn almost 4% profit. Although this is not much, a significant plus is that they were able to extricate themself from a decent minus during the past month and close the month with a positive result. The provider traded, as always, one EURUSD currency pair. The minimum investment amount is 1000 USD.

BFS

Despite the short period of trading on the FXOpen site, the provider shows good results. The past year has been very successful for them, with most open trades being profitable. The maximum drawdown is still within 12.68%. Trading is carried out only with a pair of AUDCAD. In January, the account earned +7.55% profit with a maximum deposit load of 3.64% and a maximum drawdown of 7.71%. One can join this manager with an amount of 50 USD, there is a small penalty for early withdrawal in the amount of 5%.

VBPrimeFactor

The account of this provider was opened in August 2021, trading is very dynamic with a stable positive result. During trading, the maximum drawdown remains at a very low level, at only 21.74%, while the deposit load does not exceed 21.92%. January was also not an exception in positive dynamics: 6.33% of profit was earned when loading a deposit of 0.49% and 2.03%. Main trading pairs: GBPUSD, USDCAD, AUDUSD, USDCHF. It is possible to join this manager for 1000 USD.

SuperSpeculativ

Despite intermittent trading problems, as evidenced by negative months, this provider's trading is generally successful over long periods. 2023 also started with a positive result for this manager: in January, the trader was able to earn 3.73%, while the deposit load did not exceed 1.1%. In January, they traded EURCAD, USDJPY, NZDUSD. It is worth noting that at the time of writing the report, there is a slight trading drawdown. You can join this manager with an amount of just 100 US dollars, there is no penalty for early withdrawal.

ProInvesting

A promising profitable provider that has been trading since September 2022, with an account opened in EUR. The maximum drawdown still remains at 4.75%, which indicates very low risks, while the profit it shows is closer to moderate. In January, 9.30% profit was earned. The loading of the deposit did not exceed 0.5%. The provider trades only one currency pair, EURUSD. Since the opening of the account, only one week has been closed with a small minus. It is possible to join this account for the minimum of 3000 USD.

Tercier

No longer a newbie in our ranking. Although this manager trades with varying success, they ended the year with a profit. They also started January with a positive result, they were able to earn a 5.35% profit. In February, the positive dynamics continues. Last month, this manager traded with a deposit load not exceeding 8.63%. The maximum drawdown is still at 45%. The trader trades aggressively with a high deposit load. At the time of writing the review, there are open deals. The minimum investment amount in the account is 100 USD.

Scalp

A newcomer who attracted attention with their profitability in the past periods of trading. Trades with low risk. The maximum drawdown on the account is only 20%. In January, they earned +5.88% with a maximum drawdown for the period of 1.95%. A rather high percentage of all their trades closes in plus, 85%. The bulk of transactions are made in EURAUD, GBPCAD, GBPUSD, and CHFJPY currency pairs. The minimum investment amount in the account is 100 USD.

Summing up the results of January, we can conclude that the first month of 2023 was profitable for many providers. The information from our review will help you open a PAMM account with a trusted broker. We wish you the best of luck in your investments!

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Text source: Forex Trading Blog

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