We would like to inform our clients about the upcoming changes to the company’s PAMM service.
The company will launch the new Percentage Allocation Master Module (PAMM) technology on April 1st, 2014, and it will fully supersede the current service, Percentage Allocation Management Module. FXOpen’s new PAMM is a technical opportunity for an FXOpen client (“Slave”) to follow trading strategies of another FXOpen client (“Master”). The Master’s strategy will be replicated on the Slave’s Account by means of our PAMM technology.
FXOpen PAMM technology involves virtual merging of Master’s and Slave’s funds. The funds, dedicated to PAMM by both Master and Slave, become “invisible” in their Customer Accounts. It means that even though the funds are fiscally segregated, they still remain on the same accounts.
We kindly ask all current PAMM participants to read the new Regulations carefully in order to make an independent judgment as to whether this service is appropriate for them in light of their financial situation, investment experience, risk tolerance and other factors. If not, please inform FXOpen as soon as possible, otherwise FXOpen will consider that you have accepted the new Regulations, which will come into effect starting from April 1st, 2014.
Best regards,
FXOpen NZ Limited
Customer Service
E-mail: sales@fxopen.com
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