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Retail FX stalwart Alpari’s Russian division today announced a change in its PAMM service that makes it way more open and social. From October 27, 2014, all holders of live accounts with the broker will be able to chat with PAMM managers and investors directly from Alpari’s website thanks to a new functionality called “Discussion”.
To access the new functionality, a trader should simply visit the personal page of any PAMM manager from the PAMM rating. Clicking on the “Discussion” label at the top of the personal page enables traders to share their opinions about a given trading strategy, as well as to ask questions about it.
The new feature is an innovative addition to already existing functionalities of Alpari’s PAMM service. It provides plenty of detailed information about the performance of a given PAMM proposal, as well as about its fortunes compared to other PAMM systems. On top of data about equity, and profits/losses, Alpari’s website offers traders comprehensive information about the leverage on each PAMM account, along with risk levels.
The Discussion tab offers some extra social allure to the PAMM service, which is in itself a social form of investment. Via such accounts a number of investors entrust funds into an account operated by a manager who is responsible for all trading – the profits are then allocated across investors according to the amount of investments.
This is not the first time that Alpari has increased the functionality of the social features of its PAMM service: in July this year the broker allowed FX portfolio managers to create a public PAMM Portfolio in order to attract and manage funds from other investors.
Less than a month ago Alpari’s PAMM service celebrated its sixth anniversary, with the broker boasting the rise of users of the offering and the increased trading volumes. However, this is not the only piece of news that Alpari has to offer to fans of PAMM investments: the pioneer of the PAMM technology Dmitry Orlov is now back with a new project called Alpari Forex Signals Club. The new project will combine the features of a social trading network, PAMM and signals copying. The new service is poised to go live in the first half of November 2014, with our impatience growing stronger, as Mr. Orlov promises that Alpari Forex Signals Club will provide traders with the opportunity to program their own automated trading strategies thanks to a novel programming language.
To read the full announcement from Alpari, click here.