Overview of FXOpen's Best-performing PAMM Accounts of June 2023
At the height of summer, most often there is no desire to think about building an investment portfolio. But if one wants a stable income, one needs to carefully monitor their investments and respond in time to what is happening with their accounts. Investors want to connect only to stable PAMM providers with predictable trading and be able to relax in the summer and not be nervous about drawdowns. In each PAMM review, we select the most profitable accounts of the past month, and investors can evaluate their prospects for their investments.
As of July 1, 2023, FXOpen has 116 active accounts with investor funds in the amount of USD 1,671,234.00, according to investflow monitoring statistics.
FXOpen’s TOP-10 June 2023 PAMM Accounts
Scalp
They are considered a stable manager in trading at the FXOpen site. The account was opened in August 2019. In June, the trader was able to earn +4.05% profit by trading mainly EURAUD, GBPCAD, GBPAUD and CHFJPY currency pairs. Among the features of their trading, one can note a low drawdown, low risks, and moderate profitability. In June, the drawdown on the account was 2.38%, the deposit load was at the level of 5.01%. One can join this manager for 100 USD or more without an early withdrawal penalty.
VBPrimeFactor
This provider has been trading since August 2021, showing a stable positive result. In June, the maximum drawdown was 1.57%, the deposit load was 0.5%, and the earnings were 2.96%. The maximum drawdown since the beginning of the account opening did not exceed 21.74%. Trading is carried out in various pairs, the main ones being AUDUSD, USDCHF, EURAUD, EURCAD, EURGBP. It is possible to join this manager for 1,000 USD without an early withdrawal penalty.
BFS
The account was opened over a year ago in May 2022. This manager had a difficult month despite the positive trading results. The drawdown reached 82% at some point, but as a result, 28.53% was earned in June. It is worth recalling that since the beginning of 2023, all months have been closed with a positive result. Trading is carried out with one currency pair, AUDCAD. By the time of writing this review, there is no drawdown on the account. One can join this manager for 50 USD, there is a small penalty for early withdrawal in the amount of 5%.
VBInspecto1
The account of this provider was opened in August 2021. Since the account was opened with FXOpen, the maximum drawdown has been at 6.48% with a deposit load of 31.55%. In June, earnings on the account amounted to 0.95%, showing a slight stagnation in profitability. But in general, the account can be called promising for the investment portfolio, because more than 20% of profit has been earned since the beginning of the year. In June, the trader mainly traded USDCHF, GBPAUD, EURAUD, XAUUSD pairs. One can join this trader for 1,000 USD, there is no penalty for early withdrawal. At the time of writing, there is a small working drawdown of 1.15%.
ProInvesting
The EUR account was opened in September 2022 and from that moment the provider has established itself as a profitable trader. The maximum drawdown on the account is still within 11.90% with a deposit load of 7.4%. Profit in June amounted to 1.3%. Profitability has recently been low, but the risks are also small. Trading is carried out only with the EURUSD pair. One can join this trader from 1,000 USD, there is no penalty for early withdrawal.
SMOOTHmarket72
This provider has been trading since July 2022. The account is already remembered by investors for its positive results. June was also successful for the trader: the profit was 4.64% with a drawdown of 0.8% and a deposit load of 4.79%. 86% of all transactions are closed with a positive result. Trading is carried out with only one pair, USDCAD. It is worth paying attention to the statistics of weekly trading: a long profitable period has been going on since May. One can join the manager for 500 USD, there is a small penalty for early withdrawal, 5%.
SuperSpeculativ
The first 6 months of 2023 can be called successful for this provider — they completed only one month with a minus. In June, the profit was 5.71%, while the maximum drawdown did not exceed 0.72%, and the deposit load was 1.11%. Trading was carried out mainly in the following currency pairs: GBPNZD, EURGBP, USDCAD, EURCHF. At the time of writing the review, there is no drawdown on the account. One can join this trader for just USD 100, there is no penalty for early withdrawal.
Kraken
One of the most conservative accounts on the FXOpen platform, trading since November 2016. Since the opening of the account, the maximum drawdown has been maintained at 15.06%. Despite some difficulties in the current year, in general, trading can be called successful — in June, they were able to earn 0.99% profit. The deposit loading did not exceed 1.52%. At the time of writing the review, there is a small working drawdown. The minimum deposit to join is only 10 USD.
haft8
Since the opening of the account (April 2021), this manager has been demonstrating positive trading results for more than a year. The trader closed 3 months in 2023 unsuccessfully, but the situation is leveling off. In June, they were able to earn +2.42% profit with a deposit load of 17.23%. It is worth noting that trading is carried out only with the EURUSD pair, while the risks are gradually reduced by the manager, which can be seen on the maximum drawdown chart. It is possible to join this manager for 1,000 USD.
FXLionCross
A long-liver, this account was opened back in 2014. The account sometimes shows small drawdowns: in 2022, only one month was negative, and in 2023 (May). Now the provider is leveling the situation, earning 2.08% in June. Today, they can safely be called a stable trader with a conservative profitability. In 2022, almost 50% is earned. The provider most likely trades with an automatic adviser that is configured for one currency pair, NZDCAD. At the time of writing the review, there is a working floating drawdown on the account.
Here are the top ten most promising PAMM accounts in the middle of summer. We wish you the best of luck with your investments!
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Read more: https://fxopen.com/blog/en/overview-of-fxopens-best-performing-pamm-accounts-of-june-2023/
Text source: Forex Trading Blog
