Overview of FXOpen's Best-performing PAMM Accounts of August 2022
Autumn has come, but this did not affect the trading of FXOpen PAMM masters who continue to trade on forex, demonstrating positive results to their followers. Despite the fact that the financial markets are restless, and investors are wary of sudden movements, we bring to your attention those traders who can turn the situation in their favor, making good money on fluctuations in the rates of various currency instruments, and therefore are promising for investments in the autumn months.
As of September 1, 2022, 141 active accounts are open on the FXOpen platform with $2,344,364.00 of subscriber funds invested, according to Investflow monitoring statistics.
FXOpen’s TOP-10 August 2022 PAMM Accounts
This PAMM is a long-liver, having been launched back in 2014. The account sometimes shows small periodic drawdowns, but it can be called stable with conservative returns. The provider most likely trades with an automatic adviser that is configured for one currency pair, NZDCAD. High weekly drawdowns have not been observed for a long time despite the instability in the financial markets. In August 2022, 2.23% was earned. This account brought a low but stable income. The provider has been in the black for the past year. More than 25% has been earned in 2022. One can join this manager for 1000 USD or more.
PierstageCapitl has been trading on the FXOpen platform for over half a year, although the account itself was opened much earlier, in November 2019. The manager can be described as a conservative trader. The maximum drawdown on the account over the years of trading is only 8.20%. They have also been showing excellent results since the beginning of the year: there is not a single month with negative statistics. In August, little was earned, 8.64%, and this is in the absence of a drawdown on the account. The main trading instruments that this trader prefers are GBPUSD, AUDCAD, AUDNZD and other pairs. The account is suitable for large investors, since it is possible to join for 10,000 USD or more.
This manager has been trading with FXOpen for over 2 years. The maximum drawdown on the account has been kept for quite a long time at the level of 28.52%. Since the beginning of 2022, all months of the account have been closed with a plus, and only a few weeks have closed with a slight minus. In August, 2.77% was earned with a maximum drawdown of 8.06% and a deposit load of 33%. For the month of August, all transactions were closed and there is no floating drawdown observed. The trader still prefers the AUDCAD currency pair for trading, but occasionally trades NZDCAD and AUDNZD. One can join the offer for 1 USD. The investor's earnings will be 65% of the profit. There is no penalty for early investor exit.
This account was opened in December 2019. It has been trading profitably for a long time, attracting its growing number of investors with stability. Since the beginning of the year, only August has been a little unfortunate, a conservative minus amounted to -0.89%. But in general, as of September, the account looks very promising. The maximum drawdown is still 17.23%. The statistics can be called almost ideal for an investor. In August, the maximum drawdown was 3.55%, the deposit load did not exceed 4%. There is no working drawdown for September. One can join the provider from 200 USD, the penalty for early withdrawal is 5%.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.