Overview of FXOpen's Best-performing PAMM Accounts of May 2023
Overview of FXOpen's Best-performing PAMM Accounts of May 2023
Happy summer to all traders and investors! Despite the summer mood, it is equally important to take care of one's investments and choose the right providers, taking into account the ongoing changes in the FXOpen PAMM rating. This review will help you choose those PAMM managers that you should pay attention to and, possibly, join their offer in the future.
As of June 1, 2023, 118 PAMM accounts were opened at FXOpen for a total of USD 1,692,613.00.
FXOpen’s TOP-10 May 2023 PAMM Accounts
PowerGold986
Since September 2022, this provider has been showing positive trading dynamics on the FXOpen platform. The maximum drawdown on the account does not exceed 10.28%, and the deposit load is kept at the level of 13.95%, which is considered good indicators, indicating that a trader trades with conservative risks, which they adhere to for a long time. In May, the profit was 36.04% with a maximum drawdown of 0.03 - excellent results. Trading in May was conducted only in gold (XAUUSD). One can join this manager for 200 USD.
ProInvesting
This provider opened their EUR account in September 2022 and has established themself as a profitable trader, which makes them quite promising to join the investment portfolio. ProInvesting maintains a conservative maximum account drawdown of 11.90%, while the deposit load remains at 7.4%. In May, the yield was 6.12% of profit, which indicates low risks and good returns. Trading is carried out only with the EURUSD pair. By the time of writing the review, there is no drawdown.
Scalp
A fairly stable manager, although we must admit that they have some stagnation in terms of profitability. In May, they were able to earn 0.88% profit. But given their experience of trading on the FXOpen site (the account was opened in August 2019), we can assume that these are only temporary difficulties. Features of their trading: low risks, low deposit loading, moderate profitability. In May, the drawdown did not exceed 2.10%, the deposit load remained at the level of 1.78%. Major trading pairs in May: EURAUD, GBPCAD, GBPAUD and CHFJPY. One can join this manager for 100 USD.
SMOOTHmarket72
This provider has been trading at FXOpen since January 2023 and has already been remembered by investors for positive results. May was also successful for them - the profit was 11.85% with a drawdown of 2.87% and a deposit load of 9.99%. The only currency pair in operation is USDCAD. It is worth paying attention to the statistics of weekly trading: after a negative week, a long profitable period continues. One can join this manager for 500 USD.
SuperSpeculativ
The year 2023 started quite successfully for this provider: so far, only 1 month with a negative result. May was positive for the provider: profit amounted to 15.01% with a maximum drawdown of 15.31% and a deposit load of 1.72%. In May, trading was carried out mainly in EURCHF, USDCAD and USDJPY trading pairs. At the time of writing the review, there is no drawdown on the account. One can join this trader for USD 100, there is no penalty for early withdrawal.
BFS
This manager has continued to deliver excellent results since opening the account in May 2022. Since the beginning of 2023, there has not been a single month with a negative result. The maximum drawdown since the start of trading has been within 12.68%, the loading is 7.04%. In May, they were able to earn +2.56%, not much, but steadily in plus. Trading is carried out with one AUDCAD currency pair. By the time of writing the review, there is no drawdown on the account. One can join this manager for 50 USD with a small early withdrawal penalty of 5%.
Pandorum
One of the most stable providers on the site. They have been trading since June 2020. Their trading style can be described as working with moderate risks and high returns. In May, the account brought 1.49% to the piggy bank. The maximum drawdown since the opening of the account has yet to exceed 28.52%. And by the time of writing the review, there is a small working drawdown of 1.94%. The provider trades three currency pairs: AUDCAD, NZDCAD, and AUDNZD, the main one being NZDCAD. An investor can join this manager for 1 USD or more without penalty for early withdrawal.
VBInspecto1
This provider has been trading at FXOpen for more than six months. The maximum drawdown remains at 6.48% with a deposit load of 31.55%. In May, the trader earned little, 0.43%, but since the beginning of the year they have already brought more than 20% profit to traders, which makes them attractive for long periods of time for the investment portfolio. In May, the trader traded mainly GBPUSD, GBPAUD, GBPCAD, and EURGBP. It is possible to join the manager for 1000 USD, there is no penalty for early withdrawal. At the time of writing, there is a working drawdown of 2.04%.
kwarst
Long-liver on the FXOpen site, trading since February 2020. The main features of this manager’s trading are low risks, low deposit loading, conservative and stable income. The maximum drawdown since the opening of the account remains at the level of 14.50%. The result of May is 0.07%, but taking into account the fact that at the time of writing the review, the working drawdown was only 0.21%, we can assume that transactions are in progress and the trader will still show a positive result. The provider trades a large number of currency pairs, but the main ones are EURUSD, AUDUSD, GBPUSD. One can join this account for 100 USD or more without an early withdrawal penalty.
haft8
This provider opened an account with FXOpen in February 2021. 2023 is not off to a good start for them. But the trader continues to try to even out the situation, although May worked with a small loss of -3.15%. At the beginning of June, they were almost able to work out the drawdown. Judging by the statistics of weekly profitability, one can enter the account after a drawdown and earn money over the next 3-4 weeks. Trading is carried out only with the EURUSD pair. It is possible to join this manager for 1000 USD or more.
These were the top 10 PAMM providers from the FXOpen rating, which have every chance to show profitable trading this summer. We wish you all the best of luck with your trading.
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Read more: https://fxopen.com/blog/en/overview-of-fxopens-best-performing-pamm-accounts-of-may-2023/
Text source: Forex Trading Blog
