PAMM accounts: how they work, fees and checks
A PAMM is a broker-provided system for allocating the results of a managed strategy. You join a strategy under the terms of that PAMM service; the broker maintains the accounts and applies the agreed allocations and charges.
FINBASE · Text updated on
Who does what?
Distinguish the strategy, the platform presenting it and the broker holding the funds. Your FINBASE website account is not your trading account.
You: choose a strategy and confirm your participation with the broker.
FINBASE: presents strategies, information and the steps to join them.
The broker: provides the PAMM service and handles deposits, statements and withdrawal requests.
How results are allocated
The calculation depends on the PAMM allocation rules and the participation active during the period. Joining after a trade closes does not entitle you to its previous gain. Deposits, withdrawals, approval dates and fees explain why your account value cannot simply be inferred from a public chart. The broker statement remains the reference.
Access, deposit and fees are separate
Connection to FINBASE’s standard PAMM strategies carries no subscription. The stated strategy remuneration is 30% of gains under the applicable terms. Your deposit is trading capital, not a subscription. Also examine spreads, commissions, any financing charges and broker terms. Some offers, including News Sniper, have specific access terms on their pages.
PAMM or FINBASE Copy?
A PAMM follows a managed strategy through the broker’s system. FINBASE Copy is a separate tool for connecting your MetaTrader accounts and configuring master/follower links. It costs €20 per month per account slot: three slots cost €60 per month. You do not need a FINBASE Copy subscription to join a PAMM strategy.
Before joining a strategy
Check the broker entity opening your account, its authorisations in your country, currency, minimum deposit and withdrawal rules. A group logo does not identify your contracting entity. Then examine the strategy and its historical losses. A PAMM participation remains exposed to market losses; automatic allocation does not protect capital.