What is MAM ?
MAM account is also referred to as Propriety account, which allows profitable traders to manage the funds of traders who are making little or no profit, less experienced traders for a compensation/ Incentive fee, depending on the particular accounts trading performance.
There are four steps involved in becoming a Money manager. They are as follows:
Advantages of MAM account :
To place or block orders from a master account.
Compatible with EA’s (Expert Advisors) and automated strategies.
Place orders for an unlimited number of client accounts.
Create multiple trading sub-groups for a variety of strategies.
Multiple allocation types, including balance, lot, percentage and equity.
Trading on account level with partial close option (also on account level).
Client allocations starting at just 0.01 lot value.
Utilise all MT$ order types: Stops, limits, trailing stops, close all etc.
Please Note : The MAM system also provides all the information you need to manage your client list, including open trades, balances, P&L, and client contact details.