Overview of FXOpen's Best-performing PAMM Accounts of August 2023
Despite summer coming to an end, the managers' trading continues, and investors are pleased with the positive results. When preparing the next forecast based on the results of traders trading on the FXOpen site, we always want to focus on those accounts that are still stable and profitable for their subscribers.
As of September 1, 2023, 115 active accounts have been opened at FXOpen and $1,455,496.00 of capital has been invested, according to InvestFlow monitoring statistics.
FXOpen?s TOP-10 August 2023 PAMM AccountsScalpNo longer a newcomer to the rating, this provider attracts attention with their trading stability in past periods. They trade with low risks, although it is noticeable that the profitability has fallen somewhat. The maximum drawdown on the account is only 20.34%. In August, +0.68% was earned with a maximum drawdown for the period of 1.21%. Most of their trades are closed with a profit ? 76%. Major currency pairs: EURAUD, GBPCAD, GBPUSD, and CHFJPY. At the time of writing this forecast, a small working drawdown is observed. The minimum amount to invest in this account is 100 USD.
PandorumThe Pandorum manager has been trading at FXOpen since June 2020. The maximum drawdown reached 33.33%. Since the beginning of 2023, this manager has been able to earn 38% of the profit, despite a couple of negative results for the month. In August, 5.97% was earned with a maximum deposit load of 7.04% and a maximum drawdown of 7.87%. There is a small floating drawdown in September. The trader still prefers the AUDCAD, NZD/CAD, and AUDNZD currency pairs for trading. One can join the offer with an amount of 1 USD. The investor earns 65% of the profit. There are no penalties for early withdrawal of investments.
FXLionCrossOne of the long-lived PAMM accounts, has been operating on the FXOpen platform since 2014. In 2023, only one month ended with a minus. But one should pay attention that trading on the account is carried out with the help of an adviser and most likely with averaging, although the term of work is captivating. In August, they were able to earn +3.24%. The yield is conservative, but given the instability in the financial markets, we can say that the trader has developed an optimal trading strategy. At the time of writing the review, there is a small floating drawdown, which is gradually decreasing. One can join this manager for 1000 USD or more.
Read more...This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
