LAMM account is basically a new improved version of PAMM accounts. The main difference between LAMM and PAMM is a way of profit allocation and risk management capabilities.
PAMM - a percentage allocation management module;
LAMM - a lot allocation management module.
The concept of the Lot Allocation Management Module was originally characteristic of the western financial world. But now the brokers supporting account are becoming popular worldwide. Trade Follow Global is a reliable brokerage company that support LAMM account. We offer customers the opportunity to open special LAMM accounts that allow traders to fully copy the actions of successful speculators with a high level of profitability. In fact, in this case trading is conducted automatically. LAMM mirrors the actions of the professionals on the financial markets (forex, cryptocurrency, metals, stocks, CFDs,..).
Any trader who feels confident trading on Forex can become a manager of a LAMM account. It is simple and does not require any additional investments. History of the manager’s LAMM account is displayed in the managers' rating. Individual investors, who usually are beginner traders, can study the rating and then choose the manager whose trades they would like to “copy”. The manager profits from the fee he/she sets for his/her services.
An investor can always check the manager’s actions in real-time.
This service benefits both managers and investors. The manager doesn't have to worry about the number of investors connected to the account as he/she only trades using own funds. The investor doesn’t transfer the funds to the manager's account, which ensures additional security.
Investors can independently specify the amount of funds and monitor every trade being copied. Moreover, the investor can connect the account to several managers to diversify the portfolio and minimize risks.
COMPARISON LAMM VS PAMM
ADVANTAGES OF LAMM