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Articles for nerds and those who want to get a deep understanding of a logic behind the controls in interfaces
This is a section for theory articles about business logic and complicated concepts that requires separate articles. It is very recommended to read all articles and especially articles about account types.
There are 3 account types in investment platform:
Copy Trading (Social Trading)
PAMM (Percent Allocation Management Module, act like investment fund)
MAM (Multi Account Management)
All account types work in different way and designed for different purposes. One better for retail, second one - for institutional or private money management.
Learn the core differences between them in comparison table.
Learn everything about how they work and how it is better to use each account type in your business.
For more details ref. to Copy Trading (Social Trading)
For more details ref. to PAMM
For more details ref. to MAM
PAMM (Percent Allocation Management Module) accounts give the opportunity for all your traders to run their own investment funds.
1.All investment accounts are combined in the one trading account (master account = pamm account).
2. Only money manager can trade on PAMM account. Trading is disabled for investors.
3. All investors get share of PnL made on PAMM account proportionally to sizes of their accounts.
4. Can work as social investment tool with money managers shown in the Leaderboard and as institutional investment tool (MAM) when broker subscribes investors to master accounts.
5. Several execution options are available, including autocorrection of master’s positions on withdrawals.
6. Automated rollovers for deposits and withdrawals processed by the individual schedule.
7. No need to close master positions during subscriptions / unsubscriptions / deposits or withdrawals.
8. Fees for all investors can be set up separately.
9. Automated subscriptions / unsubscriptions of investors.
10. Investors can not see any opened positions in their MT5 terminal.
11. Investors can see their performance and current equity including floating PnL of their investment accounts in web interfaces.
12. All PnL is distributed to invesment accounts with 0.01USD/EUR/GBP precision (min available part of base currency of investment account).
1.Master account (PAMM account) consists of investment accounts (Equity of PAMM account = sum of equities of investment accounts).
2.Only Money manager can trade on master account.
3.When money manager makes trades they doesn’t appear on investment account.
4.When money manager closes positions investors get balance operations with their share of PnL for that position.
Formula for calculation of PnL for investment account
PnL of investor = Closed PnL for master position x (Investor's Equity / Master’s Equity)
Example
PAMM account = 10000 USD
Investment account #1 = 1000 USD
Investment account #2 = 2000 USD
Investment account #3 = 7000 USD
Step 1: Master opens BUY 1 lot EURUSD @1.2110. Nothing is opened on investment accounts.
Step 2: Master closes 1 lot EURUSD @1.2120. Closed profit = 100USD.
Step 3: Investor #1 gets balance operation with 10USD. Investor #2 gets balance operation with 20 USD profit. Investor #3 gets balance operation with 70USD profit.
When somebody makes Deposit/Withdrawal (DW) shares of investment accounts are recalculated accordingly to new shares of investment after DW. After DW lblin label creates for all opened positions on master account and all floating PnL for all master positions is redistributed by balance operations to investment accounts.
Example
Initial state:Master account = 1000USD. it has only 1 investor with 1000 USD
Step 1: Master opened BUY 1 lot EURUSD @1.2110.
Step 2: Investor #2 subscribed and deposited 2900 USD when EURUSD was @1.2120.
Step 3: Investor #1 got balance operation with floating PnL at the moment of DW: +100USD
Step 4: Master closed position @1.2110.
Step 5: Investor #1 got a balance operation with his share of PnL between DW and closing of position: -27,5 USD (-100USD x (1100/4000). Investor #2 got his share of PnL: -72,5USD
1. Autocorrection of master positions on Withdrawals.
2. Deposits without rebalancing of positions.
Autocorrection helps money manager to automatically save same leverage (or margin level) on his account as before withdrawal by partial close of opened positions.
For example, we have PAMM account (4000USD) with 2 investors: 1000USD (25%) and 3000USD (75%). He has 1 lot EURUSD opened position.
Then investor #2 withdraws 2000USD.
Before withdrawal investor #1 had virtual position: 0.25 lot EURUSD and investor #2 0.75 lots respectively.
With autocorrection Master position will be partially closed by autocorrection proportionally to withdrawal amount >>> 2000USD/4000USD x 1 lot >>> 0.5 lots will be closed.
So after withdrawal investor #1 will get same size of virtual position: 0.25 lot same as investor #2 (they have same equity).
Without autocorrection Positions of money manager will not be affected but investors will get new shares in PAMM after withdrawal: investor #1: 50% and investor #2: 50%.
So both investor #1 and investor #2 will get 0.5 lots of EURUSD after withdrawal.
Note : That means that leverage for investor #1 increased by 2 because of actions of investor #2.
We implemented rollovers to eliminate such surprises because of withdrawals or deposits even on model without autocorrection.
Money manager can set a schedule for deposits and withdrawals, so he knows when exactly will be executed DW requests and how much money investors plan to deposit and withdraw.
He can make set a schedule for rollovers in settings of master account in his account settings in Web UI.
For example, we have PAMM account (4000USD) with 2 investors: 1000USD (25%) and 3000USD (75%). He has 1 lot EURUSD opened position.
then investor #2 deposits 4000USD.
Before deposit investor #1 had virtual position: 0.25 lot EURUSD and investor #2 0.75 lots respectively.
After deposit their virtual positions will not be changed. Investor #1 will have same 0.25 lots and Investor #2 will have 0.75.
It is highly recommended not to use that feature because of 2 side effects:
1. Performance of master account will be different from performance of investment accounts (as positions were not rebalanced)
2. Master account will have bigger margin level then investor #1, so investor #1 can hit stop-out earlier than master
Social trading is the best account type for launching a retail investment product in brokerage company.
1. Investor can copy trades from several signal providers simultaneously.
2. Investor can subscribe and unsubscribe from signal provider without help of broker.
3. Subscription and Unsubscription can be made within seconds by investor without approval of trader.
4. Investor can make his own trades on investment account.
5. Deposits / Withdrawals are immediate on investment and master accounts.
6. Investor can partially / fully close positions of money managers.
1.Investment account and master account are separate accounts.
2.Trades that are opened on investment account don’t affect master account.
3.In social trading only Proportionally By Equity x Ratio allocation method is available.
4.Risk Ratio is equal to 1 by default and can be changed in the account subscriptions in the web.
Formula for calculation of investor’s position size for social trading
Position of investor = Master position x (Investor’s Equity / Master’s Equity) x Risk Ratio
Example for calculation
All masters have 1000$ on their accounts and investor has 2000$.
When master #1 opens 0.5 lot EURUSD, 2 lots are opened on investment account because he has 2 times more moneyplus x2ratio multiplier (0.5 lots x (2000USD/1000USD) x 2).
When master #2 opens 0.5 lot EURUSD then 1 lot is opened on investment account.
When Master #3 opens 0.5 lot EURUSD then only 0.5 lot is opened on investment account.
MAM accounts are the best tool for managing pool of clients in a unique way. It was developed specifically for professional money managers and hedge funds managers.
1. 7 allocation methods
2. Activation / Deactivation of investors without closing positions
3. Trader can use several master accounts for managing his pool of investors
4. No need to create separate MT groups for each money manager
5. Fees for all investors can be set up separately
6. All fees are paid automatically
7. Money manager can use several master accounts for managing his pool of investors with different allocation methods, risk ratios and activated/deactivated investors
8. All investors in MAM are in read-only mode. Investors can not trade on them on their own
9. Investors can see their opened positions on their MT accounts.
10. Deposits and withdrawals don’t affect master account’s equity as accounts are separate.
Proportionally by Balance
Proportionally by Equity
Proportionally by Balance x Ratio
Proportionally by Equity x Ratio
Proportionally by Free margin
Fix lot allocation
Ratio Multiplier
1.Proportionally by Balance : Position of investor = Master position x (Investor's balance / Master’s Balance)
2.Proportionally by Equity : Position of investor = Master position x (Investor's Equity / Master’s Equity)
3.Proportionally by Balance x Ratio : Position of investor = Master position x (Investor's balance / Master’s Balance) x Ratio
4.Proportionally by Equity x Ratio : Position of investor = Master position x (Investor's Equity / Master’s Equity) x Ratio
5.Proportionally by Free margin : Position of investor = Master position x (Investor's free margin / Master’s free margin)
6.Fixed lot allocation : Position of investor = fixed lot (ratio) Position of investor is opened in the direction of master trade
7.Ratio Multiplier (sometimes called lot allocation) : Position of investor = Master position x Ratio
1. Social trading
Best for retail
Really easy to use without any complicated details about its behavior
2. PAMM (Fund)
Can be used both for retail and professional money management
Can be used both with and without leaderboard. Depending on situation and business model. Without leaderboard can be also considered as a type of MAM for professional money managers
Everybody is used to this account type as it very natural for everybody if explained as investment fund
As soon as deposit and withdrawal requests are not immediate, it is more complicated for retail investors than copy trading. So better to prepare some materials and FAQ on a website prior to launch it
3. MAM (Multi-Account Management)
For institutional or professional money managers only. Because in this account type money manager can change allocation settings for investors by himself
MAM is a general name of investment structure when money manager holds full power over allocation method for each investor. In many situations PAMM also can be called MAM
MAM can be combined with PAMM. For that kind of structures and setups please ask for consultation Zarafx support team
# |
Feature |
Social Trading |
PAMM |
MAM |
Comment |
---|---|---|---|---|---|
1 |
Money managers appear in leaderboard |
Yes |
Optional |
Optional |
Better to hide MAM Master from leaderboard as his performance can be different from investor’s. Because Money manager can activate / deactivate Investor and use different formulas for copying trades to investment account |
2 |
Investors can subscribe to money managers by themselves |
Optional |
Optional |
Optional |
Any master account can be hidden from leaderboard - investors will not see and subscribe it |
3 |
Investors can see opened positions in MT5 |
Yes |
No |
Yes |
Investors of PAMM accounts get only balance operations on invesmtent accounts with their share of PnL of position opened on master account |
4 |
Investors get exact same return as money manager |
No |
Yes |
No |
MAM and Social Trading are based on coping trades from master’s account to investor’s and this operation always takes a piece of time. So execution prices on investors and master can be slightly different |
5 |
Deposit/Withdrawal on investment account affects equity of Master account |
No |
Yes |
No |
PAMM-master account is combined from several investment accounts, so that’s why when you deposit money on PAMM investment account same amount will be deposited to PAMM Master. In MAM and ST investment accounts are separated from Master accounts |
6 |
Instant Deposits/Withdrawals |
Yes |
Optional |
Yes |
Deposits/Withdrawals (DW) in PAMM accounts usually made with scheduled rollovers so DWs will not be a surprises for money managers. But it is possible to set them in Immediate mode |
7 |
Subscriptions and Unsubscriptions are immediate |
Yes |
Optional |
Yes |
Subscriptions/Unsubscriptions trigger deposits trigger Deposit/Withdrawals, so here is the same logic as above: PAMM-master can manage the schedule when his investors can subscribe and unsubscribe |
8 |
Investor can trade on investment account |
Yes |
No |
No |
In MAM and PAMM investment accounts are in Read-Only Mode |
9 |
Investor can close position that was opened by a master |
Yes |
No |
No |
In MAM and PAMM investment accounts are in Read-Only Mode. |
10 |
Investor can get reversed position |
Yes |
No |
Yes |
Investor in social trading or money manager in MAM can set a reverse copy setting on a subscription and get reverse trades. In social trading it helps get profits even by copying losing traders. |
Guides to Manage Fees in Manager’s App
Basic Points
1. There are 5 fees types are available for you in investment platform.
2. All fees are calculated and paid automatically from investor’s account to money manager’s payment account.
3. Money manager can change fees in web interfaces, but that will affect only new subscribers. Old investors will save previous fees settings.
4. Fees can be set individually for each investor.
5. Money manager can set several tiers of fees for investors of different size. Bigger investors can pay less than smaller ones. It helps to increase average deposit by 50%.
6. Fees can be shared with the team of money manager. Broker can specify one or several other payment accounts and fees from all investors will be splitted between several payment accounts automatically.
7. Fees from one investor also can be shared between money manager and his IB partner.
8. Zarafx can turn on only specific fees and hide all other from web interfaces.
9. Zarafx can change fees for existing users in database or admin panel.
Trade Fee = USD / Lot
Perf. Fee = Performance fee. Paid in % from net profit. Calculations are based on High Water Mark
Prof Fee = Profit fee. Paid in % from profit only from profitable position
Mngm. Fee = management fee. Paid in % yield
Subscription Fee = $ / month (or $/day, or $/week, or $/quarterly, or $/semiannual, or $/annually)
Trade fee
1. Paid as USD / lot traded on investment account
2. Popular type of fees and used by 65% of our clients. very simple and useful. More you trade - more you get paid
3. Usually from 2 to 10 USD/lot
4. Paid right after closing trade
Performance fee (% from net profit)
1. Performance fee is a default and most used fee type. It is an industry standard when you hear “i want investors pay me 40% from their profits”
2. Profits are calculated using the High Water Mark Approach (HWM). It means that incentive fees are paid only on NET new rises in asset value
3. Usually Performance fee is charged between 20% and 40% from profits. Rear high profitable masters can charge >40% and nobody wants to earn less than 20%. At least from deposits <$100k
4. Paid once in a period (day / week / month) or before the deposit or withdrawal
Note
Formula
PerfFee = (( RealisPL + FloatPL ) - PrevPL HWM ) x %PF
where:
PrevPL HWM = RealisPL_prev+FloatPL_prev
and
New Fee HWM = RealisPL + FloatPL if it > PrevPL HWM, else it left PrevPL HWM
Profit fee
1. % from gross profit. Paid as % from only profitable positions
2. Paid once in a period (day / week / month) or before the deposit or withdrawal
Note : Only 1 our client use it. So it is unpopular as can harm your reputation. Master can lock their positions and get paid when he close it. But can be good motivation for traders to open accounts.
Management fee
1. Management fee is a type of fees which is used mostly by investment funds, not retail money managers. They say that it covers their expenses on offices, IT etc. Good type of fees as it is independent from profit or trading volume
2. Usually Management fee is set from 2 and 5% per year from net assets (equity)
3. Paid once in a period (day / week / month / quarterly / semiannual / annually) or before the deposit or withdrawal
Subscription fee
1. New type of fee
2. It is flat fee. Just $/time period
3. Can be charged as $/day or $/week or $/month or $/quarterly or $/semiannual or $/annually
4. Simple and easy but small accounts will pay same amount as big ones
5. Paid at the beginning of the period
You as a broker can find all calculations in logs.
Real example
Below are logs for one of performance fees payments on PAMM investor:
2089011'/2089022 last @12320, Weekly 2019.12.05 12:12:26: RelisPL=164.36, Float MT=0.00, FloatPL(CM)=-0.58, Prev Fee HWM =0.67 new PerfFee=53.83, proc=33.00(lvl_id 178) 2019.12.05-10:12:26.196 | Commiss | DWSynced MA 2088902 | | @17135 IA 2088902953/MA 2088902243 add fee=-53.83 period Weekly, New Fee HWM =163.78
And here we can find the following info:
RealisPL=164.36 — net realized profits & losses on account
Prev ReaislPL=0.67 — realized net profits & losses on account which participated last time in calculations (PrevPL HWM)
PrevPL HWM = RealisPL_prev+FloatPL_prev
Float MT=0.00 — floating PnL in MT on investment account
FloatPL(CM)=-0.58 — this is a floating profit/loss for particular PAMM investment account. But this amount is virtual and calculated based on PnL of all master’s positions at the moment
New PerfFee=53.83 — fee amount which will be deducted now from invest account by formula:
PerfFee = (( RealisPL + FloatPL ) - PrevPL HWM) x %PF
PerfFee = (( 164.36 - 0.58 ) - 0.67 ) * 33%
New Fee HWM =163.78 — new High Water Mark for fee calculation
RealisPL + FloatPL if it > PrevPL HWM else it left PrevPL HWM
The investment platform has risk management tools for its clients. It can act as a personal and automated risk manager for money managers and limit risks for investment accounts as well making investments a passive source of income.
1. Risk limit on master account is Daily (renewable). It closes all positions and master account is turned into read-only till 00.00 MT server time. The only purpose of setting it is to limit risks for any particular day but not the total risks for the account.
2. Risk limit for investors work in a different way. It sets for each subscription (link between master and investor). And It limits only risks for each subscription. If it is reached, investment account will be unsubscribed only from 1 master account and only positions opened by this master account will be closed on investment account.
Note :
Please go through this articles to learn more about Risk limit types:
Risk Limit for Traders (Master accounts) Risk Limit for Investors (Investment account)
Note :
How to sell it to a client
Daily Risk Limit is automated risk manager for every trader in Social Trading / MAM / PAMM. Every professional trader in hedge fund has its own so do you.
The investment platform has risk management tools for its clients. It can act as a personal and automated risk manager for money managers and limit risks for investment accounts as well making investments a passive source of income.
This risk limit is a daily risk limit. It resets every day.
It is calculated as a % from equity at the beginning of each day (00.00 MT server time).
After it reached, investment platform closes all opened positions and blocks account till next trading day (00.00 MT server time).
Note : Daily risk limit for traders helps them to protect their accounts from huge losses in a single bad day.
Risk_Limit_Signal_Equity = Equity_daystart x (1-RL%)
1.Equity_daystart - equity of account at 00.00 MT server time
2. RL% - risk limit in %
If equity of account is lower than Risk_Limit_Signal_Equity - then all positions will be closed and account will be turned into read-only till 00.00 MT server time.
Note :
Equity_daystart is adjusted by new Deposits/Withdrawals during the day. So withdrawal will not trigger the risk limit.
But as soon as Equity_daystart_afterwithdrawal will be smaller than equity_daystart_before_withdrawal, risk limit in $$$ will be also changed as after withdrawal.
The formula
Equity_daystart_afterwithdrawal = Equity_daystart - withdrawal_amount
so the signal equity will also be changed → → →
Risk_Limit_Signal_Equity_afterwithdrawal = Equity_daystart_afterwithdrawal x (1-RL%)
Risk limit for investment account is a core thing for investments as it helps clients sleep well at night time.
Only risk limit can make from investments really passive source of income as without it investor will be forced to monitor performance and risks of account everyday or several times a day.
Risk limit is set not on a whole account but on a link between master account and investment account (a subscription).
So Investor can set several risk limits that can be different for all master accounts.
Once risk limit is reached, the platform will close all opened positions on investment account that were copied from a master account. If it is a PAMM investor, the platform will also withdraw all funds to a payment account of investor.
Flat risk limit (in $$$). Set in absolute values in amount of currency units in which investment account is nominated (e.g. 500$ for USD account in USD)
Risk_Limit_Value = Sum of realized profit + sum of floating profit
1. It is calculated by equity (includes floating loss)
2. Sum of realized profit and sum of floating profit is calculated by positions that were copied from a particular master
3. Until Risk_Limit_Value > Loss_limit, subscription is active
4. Once Risk_Limit_Value < Loss_limit, investment account will be unsubscribed from a master
Loss_limit = 500$
Until Sum of realized Profit + Sum of floating Profit is bigger than -500$, account is active (-490$ is bigger than -500$)
Once Sum of realized profit + sum of floating profit becomes smaller than -500$, subscription will be closed.
We regularly write articles for you that can help navigate in the investment platform and get more control and benefits from it 👍
We collect all useful articles here that doesn’t match with other major topics.
MAM is an account type that based on copier.
So positions just get copied to investment accounts from master account according to one of 7 formulas: allocation methods. Allocation method is set on investor by a Master.
That means that positions on master account are independent from positions of investment accounts. And they are opened by different orders and deals with tiny time delay.
Execution Prices for investor and master can be same, but as well can be different due to market activity and liquidity.
Note :
Investors can get both negative and positive slippages.
Where to Set
Note :
Setting can be made only in Admin panel
#Model# - brief name of account type:
1. SOC
2. MAM
3. PAM
4. PMSC
#Rel# - Relation of account to other accounts
1. SA - Only
2. IA - PAMM investor
3. MA - Master in leaderboard
4. - Master and Slave at current moment
#Last# - Login of last follower that subscribed to a master. Applicable only to masters #PA# - Login of payment account
1. #Rel#|#PA#
2. #Rel#, #Model#, #Last#
Note :
You can see the in the User record of the client in Personal tab in the field State the type of account and his Payment account.
There are multiple settings available so you can tune up what will be written there.
Maximum Drawdown is the maximum observed loss from a peak to a bottom of a portfolio, before a new peak is attained. Maximum drawdown is an indicator of downside risk over a specified time period.
It shows the maximum potential risks of investor in % through the period if he invested at peak and withdrawn all money on the bottom.
Note :
How it can be used in sales?
When investor thinks about investing in a strategy, he needs to be prepared to hold a risk not less than previous reached Maximum Drawdown.
1.Leaderboard
2. Statistics page of each account
Investment platform has 2 built in formulas for calculation of Max DD and showing it to investors:
1.From High Water Mark of Return in %
2. From Net Deposit
Return_Max_DD = ((Return_2+100)-(Return_1+100)/(return_1+100))*100%, where is
1.Return_1 — is Max Return in % since the beginning of the period (Peak)
2. Return_2 — is lowest Return in % since the beginning of the period till the end (Bottom)
Note :
Most common formula in the world. Usually when somebody uses Max Drawdown term, he means the value calculated based on High Water Mark of the Return that is based on Equity.
Deposits and withdrawals doesn’t affect the value of Max DD based on that formula.
NetDW_Max_DD = ((Lowest_Equity)-(NetDW)/(NetDW))*100%, where is
1.NetDW → Sum of deposits - Sum of withdrawals
2. Lowest Equity → Is lowest equity of account
To be more precise, It is calculated every single row in database, and the smallest value is saved as maximum drawdown.
Note :
Withdrawals can affect the Max DD value and make it bigger.
Our investment platform provides you unlimited opportunities for customizations for money managers’ needs.
Most of that custom setups are based on one simple function: Account can be Master and Investor at same time.
On a scheme above there is a setup for social trading: Account in grey box is a slave for MASTER 1, but on other hand it is a Master for SLAVE 2. That means that account in grey box copy trades from MASTER 1. On other hand SLAVE 2 copy positions from grey boxed account.
We can add more accounts in that copy-trading scheme as well:
In that case account in grey box acts like investment portfolio. It gets positions from MASTER 1 and MASTER 3 and others, so he get combined performance which is always more attractive than performance of only one master account separately.
Check the picture below: we have 50/50 split of money to 2 investors. One made +5%, second -3%. Combined we have 1% of profit.
You can combine several account types in one setup: copy positions to PAMM master or copy positions from PAMM master. Or do both things simultaneously.
In that scheme big account acts like copy slave for MASTER 1 and MASTER 3, but as a PAMM Master for its slaves.
In that case one account has 3 different roles: PAMM Master / Copy Master / Copy Slave.
So it receives positions from Copy Masters 1-3 and provides this signals to his copy slave + allocates profit from opened positions on himself to his PAMM slaves.
Note :
You have no limits on number tiers or accounts in scheme and can make it as big as you want.
1. Allow small clients invest in funds with big min. deposit
2. Create investment portfolios from retail traders for leaderboard
. Allow clients create investment funds with multiple traders
4. Tailored allocation modes for different clients within 1 master
Not all strategies are applicable for small accounts. e.g. You can not trade martingale based strategies on account with 100$.
So MAM manager can has its $30k-$40k investors as individual MAM investors, but broker can collect all his small retail clients with 300$-3000$ to same $30k PAMM account that is minimum required and copy trades on it.
PAMM will distribute PnL of positions to small investors proportionally to their shares in it with rounding to 0.01$.
Note :
So with that combined scheme they get opportunity to invest in good money manager even when they have no money for minimum deposit.
All brokerage companies have lots of good and bad traders.
Some of people prefer to trade publicly and they will create master accounts on their own. But those who don’t want to manage smb else’s funds because of different reasons will never do it.
So you as a broker can create 10-20-30 master accounts in leaderboard and copy positions from your clients’ accounts to it in different proportions and directions.
You can copy as many traders to an account that will be a master in public leaderboard.
Good traders can be copied in same direction, bad traders reversed (trader opens BUY position but on slave copied SELL position).
Main aim of good trader is to make a profit. He doesn’t need necessary care about millions of dollars behind him.
So CEO of a fund gives traders just demo accounts with 10000$ or 100000$, no matter here. And tells them: trade in profit and you will get monthly, weekly, yearly bonuses. That’s it.
So at the beginning picture looks like that:
As time goes and traders pass testing periods, CEO of fund begin connect their accounts to account with real money.
He gives 50% of equity to Trader #1, 20% to Trader #2 and 30% to trader #3. Trader 4 and Trader 5 are not managing real money yet, just trading on demo.
Again as time goes, Trader 4 also gets connected to main PAMM master account with clients’ money. But with small Daily risk limit and small share of money in management.
Note :
CEO of fund can flexibly manage trader’s connections, close opened positions on client’s accounts and set automated risk limits to their accounts.
Our platform provides unlimited opportunities for institutional money management
1.The Platform is connected to MT4/5 server via MT Manager’s API.
2.That means that Investment platform can work with all accounts in all groups to which it has access.
3.Platform supports creation of Whitelabels inside of it. So you can offer your WL-clients buy a license for investment platform and launch social trading, MAM or PAMM in their company. They will have own web interfaces, own leaderboard of money managers, settings and will not see any accounts of other WLs.
It is always hard to find good traders and populate leaderboard with them. So each WL can has its own branded web interface but be connected to one WL inside of backend.
PROS
1.Very simple implementation.
2. Suitable for different brands of one company with single PnL calculation.
CONS
1.Money managers can not set fees as in that case investors from WL #2 can pay money to WL #1 which are different companies.
WL #1 and WL #2 are separated from the very beginning. Own set of money manages and own web interfaces.
WL #1 has 3 good money managers. WL #2 creates 3 master accounts and ML subscribe that 3 accounts to 3 money managers of WL #1 but without any fees.
ML also copies all historical data from Masters 1-3 to Masters 4-6 respectively. It can be done in few clicks.
As a result WL#2 gets good Money managers with a good track record from the day one.
Works in both ways
Same Main Label can make same scheme for WL #1: copy good traders of WL #2 to WL #1.
PROS
New WLs can get good traders from the very beginning and start attracting investors to their company.
CONS
Requires few efforts from Main Label for connection of all account.
Master accounts can have different account types in different WLs.
WL #1 can have social trading masters, WL #2 — PAMM masters and vice versa.
Every broker can make a seamless authorization between Trader’s room and investment platform so their clients will not need to see that page anymore.
Users will be redirected from TR straigth forward to dashboard page inside of investment area.
Step 1: Make a la.auth Request to Backend Server
TR should make a POST request to a backend with a URL that looks like: vitrina.pamm-backend.flexdns.cc:49182/dx
Headers:
la_login: 432450857 la_type: 0 lbl: 1 ManagerPass: "QwMkfeAL1B"
Body:
{"jsonrpc":"2.0","id":null,"method":"la.auth","params":{"wa_login":432450857}}
la_login = wa_login = payment account of user; are same and must exist in MT and be available for MT managers that are connecting the platform to MT.
Step 2: Add Token to the Link
In response you will get an access token. You need to redirect user to URL of your investment section and add it to the end
Step 3: Redirect User to that Link Above
TEST Credentials
URL : vitrina.pamm-backend.flexdns.cc:49182/dx
Headers : la_login: 432450857 la_type: 0 lbl: 1 ManagerPass: "QwMkfeAL1B"
Body : {"jsonrpc":"2.0","id":null,"method":"la.auth","params":{"wa_login":432450857}}
1.ch
2.cn
3.de
4.en
5.es
6.ja
7.ko
8.pt
9.ru
Hardware
1. 4 CPU
2. 8 GB RAM
3. 150 GB SSD
4. OS Windows server 2016
5. Should be hosted in same city as MetaTrader Server
Software
1. MySQL DB (Server + Workbench) - No encryption of password (compatible with MySQL 5.7)
2. Notepad++
3. MetaTrader Manager 4 и 5
4. Firefox / Chrome
5. Zabbix Agent
6. Microsoft Visual C++ 2017 x64 бит
1. CPU 1 core 2Ghz
2. RAM 2 GB
3. HDD 20 GB
4. nginx
1. login + password from any account on a server
Note :
No deposit required, but we must be able to login in MT with its credentials.
1. IP address of MT server
2. Name of MT server (as client see it in MT terminal)
1. Name of a Company
2. Website of a Company
Note :
Credentials for MT managers don’t need to be shared but must be prepared. Credentials could be filled by you during the setup. After it they will be encrypted.
1. Manager
2. Internal Mail System
3. Connections
4. Supervise trades
5. Personal Details
6. Accountant
7. Dealer
1. Manager
2. Send emails
3. Accountant
4. Access accounts
5. Access the account personal details
6. Edit accounts
7. View currently connected clients
8. orders and positions
9. Edit orders, positions and deals
10. Dealer
11. Supervisor
Feel free to share any questions you have and we will help you with the solutions you need.