Overview of FXOpen's Best-performing PAMM Accounts of November 2022
By the beginning of winter, the situation in the financial markets and political arenas has not changed much. Passions have also run high in the cryptocurrency market, nevertheless, traders do not give up trying to make money on their PAMM accounts, and investors are trying to choose the most cautious providers to increase their savings.
With the help of FXOpen's PAMM account service, it is possible to filter PAMM accounts and choose the most stable ones and join their offer. At the beginning of December, we bring to your attention the most persistent and profitable providers for investment.
As of December 1, 2022, 134 active accounts have been opened at FXOpen and 1,837,109.00 USD of subscribers’ funds have been invested, according to Investflow monitoring statistics.
FXOpen’s TOP-10 November 2022 PAMM Accounts
FXLionCross
This is one of the long-lived accounts on the FXOpen site. Trading has been conducted since March 2014. Thanks to a well-defined strategy, year after year, the provider brings profit to their investors.
Despite the fact that 2 weeks in November were not successful, the month was closed with a positive result of +2.67%. As always, they trade one currency pair NZDCAD. At the beginning of December, all trading transactions were closed, and at the time of writing the review, trading is already underway and there is a slight drawdown. One can join this manager for 1000 USD or more.
BFS
This provider has been trading since May 2022 at FXOpen and showing good results since opening their account. 84% of his trades are profitable, and the maximum drawdown remains at 12.68%. Trading is carried out with the only currency pair AUDCAD and with a leverage of 1 to 100.
In November, +8.96% profit was earned with a maximum deposit load of 2.21% and a maximum drawdown of 6.33%.
One can join the manager for 50 USD, the penalty for early withdrawal is 5%.
XAUVSXAG
The account is suitable for fans of aggressive trading. We can say that the account as a whole is trading successfully, if we consider the long-term period. But the autumn turned out to be chaotic for this provider, although November with its profit of 201.01% covered all the previously made losses. There is no drawdown at the beginning of December. Trading is carried out exclusively with XAUUSD (gold) and XAGUSD (silver) instruments. One can join this account for 100 USD or more, the penalty for early withdrawal is 20%.
SuperSpeculativ
Has been trading since 2019 and quite successfully, although somewhat aggressively. In November, the provider earned +2.21%, the drawdown reached 7.77%, and the deposit load was 0.52%. In early December, there is a small floating working drawdown. In the last month, trading was carried out mainly with trading pairs NZDUSD, USDCHF, EURUSD, NZDCAD. One can join this trader for $100, there is no penalty for early withdrawal.
Kraken
This conservative PAMM provider has been trading on the site since November 2016. The maximum drawdown on the account is 15.06%. Despite some difficulties in the current year, in general, their trading can be called successful. In November, they were able to earn 8.02% profit. The maximum drawdown in November was only 0.68%, the deposit load did not exceed 1.35%. At the time of writing the review, there is no floating drawdown. The minimum deposit to join is only 10 USD.
kwarst
Another long-lived PAMM account, trading since 2020 and showing positive statistics from month to month. The maximum drawdown on the account is only 14.50%. In November, they were able to earn 2.32% profit with a maximum drawdown of 0.89% and a deposit load of 1.15%. The main trading pairs in November were NZDUSD, AUDUSD, GBPUSD and EURUSD. One can join the offer from 100 USD, there is no penalty for early withdrawal of funds.
Next, let's look at a couple of newbie accounts on the FXOpen site.
Proinvesting
This account was opened at the end of September 2022. Trades confidently with low risk. The maximum drawdown does not exceed 4.75%, and the deposit load does not exceed 7.40%. In November, they earned 24.33%. Trades only the EURUSD currency pair. For all the time of trading, only one week is unprofitable. The account can be called promising, you may want to watch the development of events.
VBPrimeFactor
This provider opened an account in August 2021. The trading is going quite smoothly, although, judging by the chart, they are using the averaging strategy. The maximum drawdown since the opening of the account remains at the level of 21.74%, the deposit load is 21.74%. In November, they were able to earn 6.85% profit with a floating drawdown of 3.75% and with a minimum deposit load. It is possible to join this manager for a minimum of 1000 USD.
VRVSEMBOT
VRVSEMBOT has been trading since May 2021. The manager’s trading can be called stable and conservative. Since the opening of the account, the maximum drawdown has yet to exceed 10.58%. In November, they were able to earn 5.33% of profit with a maximum drawdown of 1.51% and a deposit load of 13.27%, that is, trading risks are quite low. One can join this PAMM account and try to earn with it for just 10 USD. The early withdrawal penalty is 25%, but the higher the amount, the lower the early withdrawal penalty.
VBInspecto1
The account has been maintained since August 2021. The maximum drawdown reached only 6.48%, the deposit load was 22.89%. In November, the account earned 13.12% profit with a maximum drawdown of 1.01%. The choice of trading pairs is quite wide, in November trading was mainly carried out with the following instruments: GBPAUD, EURAUD XAUUSD, EURUSD, AUDCAD. It is possible to join this manager for 1000 USD, without a penalty for early withdrawal.
These were potentially profitable PAMM providers as of the end of the year. We wish you the best of luck in your investments!
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Read more: https://fxopen.com/blog/en/overview-of-fxopens-best-performing-pamm-accounts-of-november-2022/
Text source: Forex Trading Blog
