"MAM" means "Multi Account Manager" (it's MT4 Software for Money Managers), but we use it for Money Management in general, especially on Individual Accounts with LPOA or without LPOA.
Some brokers have "MAM Terminal", where many traders can be connected at once (same as PAMM), but they just see their own accounts, not the "MAM" account.
But in most cases traders sign LPOA (Limited Power of Attorney), which is a contract between the trader and the money manager about how to share profits and make sure the profits are shared by the broker. And then Money Managers trade on the Investor account directly using the Login and Password received from the trader.
Some brokers like Exness don't have LPOA, so we trade directly on your account and then get a profit share from you.
"PAMM" account is one Main account, where we trade many client accounts at the same time and trades are copied to their accounts and profits are distributed proportionally to the deposits. Instead of trading many accounts, we just trade one PAMM account.
But you cannot see the trades on your account since the funds have been transferred to the PAMM account (it's still your money and you can withdraw it any time).
You can monitor the trades using "PAMM Monitoring" features, same like on myfxbook.
Best are PAMM accounts as most operations are performed automatically and most documents are signed online. It's fast and efficient.
But some brokers don't have PAMM accounts, they have LPOAs, so we and you have to sign them. Some brokers don't have PAMM nor MAM nor LPOA, so we don't sign any documents, just trade on your account.
If you would like to know more contact me on
E-mail: support@mampamm.com
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1/15/2016, 14:56