MAM stands for Multi Account Manager. As PAMM allow money managers to manage multiple accounts from a single account through percentage allocation, but MAM offers more flexibility to distribute the trades and adjust the risk of each sub-account on the basis of the risk profile of a client. It is the first multi account manager application for traders & brokers set up within the MT4 trading platform to offer money managers/experienced traders to operate multiple forex trading accounts simultaneously, while trading from one Master Account.
Multi Account Manager system communicates all allocation settings done by a money manager directly with the MetaTrader 4 trading platform provided by FX Broker tools. Forex MAM accounts, specifically designed for account managers involve the sophisticated use of leverage and sub accounts in order to optimize the risk management in a more efficient manner.
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The money manager assigns a higher leverage to specific sub-accounts by allocating fund through the MetaTrader 4 Master Account; while all other processes are handled seamlessly by the MAM. The management of multiple accounts from a single interface increases the functionality of MT4 trading platform and thereby allows MAM manager to adjust trading parameter in real time.
MAM accounts are perfectly apt for investors who possess high-risk tolerance level along with an excellent understanding of forex market.
|Configuration||Single managed account involving pooled money of investors||Multiple accounts; sometimes split across multiple brokers|
|Minimum deposit||Depends on the vendor||Depends on the vendor- but such accounts are perfect for investors who possess high-risk tolerance level|
|Criteria||The master trader places an order on behalf of investors in proportions and distributes profit as per the contribution made||Involve the sophisticated use of leverage and sub accounts in order to optimize the risk management in a more efficient manner.|
|Withdrawal||Only at rollover||At rollover or at the end of pre-agreed trading interval|
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