The PAMM service, developed by the Alpari international brand, has continued to gain popularity during the Covid-19 pandemic and subsequent periods of lockdown. The number of Alpari’s active PAMM customers at the end of September 2020 exceeded 19,000 in over 60 countries. The average monthly trade turnover of the PAMM service amounted to more than $10.2 bln. Meanwhile, the total trading turnover of PAMMs during the first nine months of 2020 exceeded $92 bln. To remind, the PAMM service allows traders to earn passive income on the FX market without the need to trade independently – all you need to do is invest your funds in a suitable product and then receive income together with the managing trader.
Alpari's PAMM services have earned a top ranking among financial investment products precisely due to their absolute distancing, ease of use and high profitability. USD 50 is the minimum investment in a PAMM account, and USD 100 in a PAMM portfolio, thus making these instruments available to a broad range of investors. To maximize the convenience of using the PAMM service, Alpari has rolled out the Alpari Invest mobile app, which allows you to manage and monitor your investments in real time.
Alpari recently added a new classification of achievements to the PAMM service, which greatly simplifies the process of selecting a product. PAMM accounts, which are in the public rating on the company's website, now have special distinctive signs that symbolize the main feature and strength of a particular account. All in all, there are 34 signs in the classification, which will help distinguish leaders in active and passive strategies, the duration of positive returns, the best risk/return ratio, maximum profitability, the largest number of investors, the biggest amount of assets under management, the longest fund life, etc.
Notably, by the end of the third quarter of 2020, the service numbered 2,932 PAMM accounts and 873 PAMM portfolios. At the moment, there are 18,250 active investors and 2,224 managers in PAMM accounts. In addition, 346 people actively invest in PAMM portfolios, and 767 manage portfolios. On average, the maximum return (the average between the highest returns of the three public PAMM services) that the PAMM account showed for the three quarters of 2020 was 584%, and this indicator stood at 99% for PAMM portfolios.