MAMM – short for Multi Account Management for Managers – is a service that allows managers to get paid for managing trades of others.
Manager opens a MAM-Manager account. After that manager creates a proposal for the potential Investors where terms of cooperation are defined including the amount of remuneration investors will be charged – profit fee and volume fee.
Investor opens a MAM-Investor account and connects to a manager. By doing that investor puts this account under the control of the manager trusting manager to perform trades with his funds.
Manager trades on financial market using all investors’ accounts connected to him. All the profits are divided among investors according to their shares in combined account. Investor pays manager a compensation for using the service.
To become a manager you should choose the Managers accounts section in Trade Room and navigate to MAМ-Manager account opening. You will be asked to fill a short registration form.
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* The commission is calculated based on the positions full round turn trade, the commission is taken both for opening and closing trade. (The total amount of 0,004% is taken from the account when a position is opened).