Russian Forex and binary options broker Alpari has recently changed the way the ratings of PAMM accounts of its clients are calculated. The broker’s team has developed an entirely new formula to rank each PAMM account, so that potential and existing investors are able to gain a comprehensive and adequate idea of whether to invest money into a given account and which one to choose.
Those who have some notion with regard to how the previous ranking formula operated perhaps recall that it was a simple addition of points awarded for a handful of criteria. The new formula is considerably more complex and features a number of logarithms and coefficients. The idea behind this sophisticated algebra is to make the rating more balanced. That is, the new formula will ensure investors that the rating of a given PAMM account is not artificially inflated (for example) by a short profitable period or high leverage used.
In addition, the new formula takes into account several criteria that were not used in the old formula. One instance is the offer, or the percentage of profit that the account manager receives. The higher the percentage the manager charges, the lower the ranking.
Alpari’s PAMM account system celebrated its 6th anniversary at the end of September 2014 . The innovative product, developed by Dmitry Orlov, has gathered the attention and recognition of many traders.
Alpari has been regularly updating and enhancing its PAMM service. In October 2014, the service became way more social thanks to the introduction of a new feature called “Discussion”, which allows live talk with other investors and managers.
The industry keenly anticipates the launch of Alpari Forex Signals Club, the newest project of PAMM technology pioneer Dmitry Orlov. The platform is set to combine features of PAMM accounts, social trading and copying of signals. Once the technical issues hampering the start of the new service are solved, it should finally have its long-awaited launch.
For the official announcement by Alpari on the new PAMM rating, click here.