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- What happens when liquidating a PAMM account?
What happens when liquidating a PAMM account?
During PAMM Account liquidation, the PAMM Account and all investment accounts are closed and liquidated. The liquidation process may either be initiated by the manager or by Alpari.
The remaining funds of the manager and the investors will be automatically transferred to their respective transitory accounts.
The PAMM Account manager may choose to liquidate their PAMM Account by submitting a liquidation request. They can do this in the "PAMM Managers" tab in myAlpari. Before doing this, the manager must close all open positions on the PAMM Account. If there are any remaining open or pending positions on the account, a request to liquidate the PAMM Account will be rejected.
After the manager has submitted their request to liquidate the PAMM Account:
- The manager won't be able to make any further transactions on the account.
- Notification of the account's liquidation will be posted on Alpari's website.
Alpari may liquidate PAMM Accounts in any of the following events:
- A low indicator level in the PAMM Account monitoring (the account will be liquidated automatically, without prior warning).
- Fraud is suspected (with prior warning).
- No trading activity for a long period of time (with prior warning).
- The manager failed to comply with the Forum rules (with prior warning).
- The manager wasn't active in the Forum or failed to answer investor questions in the personal thread in a timely fashion (with prior warning).
- Other reasons (with or without prior warning and explanation).
When Alpari liquidates a PAMM Account:
- All open positions will be closed at the current market price. If the position is on a session-traded instrument, it will be closed at the last market price.
- All pending orders will be deleted.
- The manager will be blocked from completing any further trades on the PAMM Account (the PAMM Account will be in "inactive mode").
- A notification of the liquidation will be posted on the Alpari site.
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More Frequently Asked Questions about PAMM accounts:
- What is an investment account and how do I open one?
- How can I deposit funds to my investment account?
- How do I withdraw funds from my investment account?
- How to set up notifications about changes in the rate of return?
- What can I find in a trading statement?
- Are there any restrictions on how long my investment account will stay open for?
- How do I open and activate a PAMM Account?
- What is the "manager's proposal"?
- What is a Managers Investment Account, and how do I make a deposit to it?
- How do I make a withdrawal from my manager's investment account?
- What is the "request planner" and how does it work?
- What is a request threshold?
- What is the manager's capital, and how do I change it?
- How can I change my PAMM Account type?
- Methods of verifying the account manager and documentation to activate the proposal
- How can a manager register a partner for their PAMM Account?
- How do managers need to adjust their trading after investor deposits and withdrawals?
- How do I close out (liquidate) my PAMM Account?
- How can a manager's deal be protected from copying?
- Why is there growth in funds on the PAMM Account, but the return is negative?
- What is a rollover on a PAMM Account?
- What is the equity and balance on an investment account?
- What is PAMM Account monitoring? What ratings are included?
- What does a PAMM partner do?
- What is a referral link and how does it work?
- The manager of a PAMM account can set special investment terms, can't he?
- What is a public PAMM Account?