04 April 2016
In December of the last year the FreshForex company made significant decision for the Forex industry — the refusal of the PAMM-account system. Today we can confidently say that the decision was right. The most important is that we have kept clients, their funds, as well as the reputation of the reliable company. The decision was made at a difficult time, when there was a growing negative attitude to the investment management industry, PAMM-accounts, on the market. Companies which are specialized in the PAMM, were closing one by one.
According to the recent market research Forex in Russia (Interfax-CEA research), the share of Russian traders, who use the PAMM, has declined significantly in 2015 and amounted to 12.5% against 17% in the previous year, 2014. Thus, in 2015 the number of active FreshForex clients increased, reaching 7,85 thousand against 7,81 thousand in 2014.
On March 25, it became known that another largest Forex broker on the Russian the Forex Club company, also refused Forex Account Management Service (the analog for the PAMM-accounts), after 6 years of its existence. Closing platforms in both cases happened due to the high risks from non-professional managers. Companies that value their clients always warned about the risks that may result in trading on the foreign exchange market.
We remind that there are more effective alternatives to these systems: copying signals from the MetaQuotes company, trading signals, and forecasts from the analytical department of the company.
Good luck in trading!
FreshForex — fresh view on money!