IronFX releases major update to PMAM platform for professional traders
IronFX releases major update to PMAM platform for professional traders
Broker IronFX has updated its Personal Multi Account Manager (PMAM) platform to provide traders with more advanced tools for managing Forex accounts. The latest version introduces new allocation capabilities that enhance the platform's appeal to professional traders and financial managers, particularly those using the MetaTrader 4 (MT4) trading platform.
The PMAM platform, already known for its ease of use and versatility, is widely regarded as one of the most comprehensive systems for managing multiple Forex accounts. The update further strengthens this reputation by adding new allocation mechanisms, giving users more control and precision in managing trades across multiple accounts.
This development is especially valuable for professional Forex traders who handle several accounts at once and for money managers who need to efficiently distribute transactions among clients.
One of the standout features of the latest PMAM version is the inclusion of new trade allocation methods, each designed to meet specific trading needs. These strategies allow for precise trade distribution based on various factors such as account balance, equity, and risk levels:
- Lot Allocation: Divides the master trade volume across sub-accounts based on preset parameters.
- Percentage Allocation: Distributes trade volumes to sub-accounts according to a fixed percentage, aligning with each account's goals and risk tolerance.
- Proportional by Balance: Automatically allocates trades based on sub-account balances, simplifying the distribution process.
- Proportional allocation by equity: automatically distributes trades based on equity.
- Proportional by Equity: Distributes trades according to the equity in each sub-account, ensuring fair allocation based on equity levels.
- Equal Risk Allocation: Balances trades according to margin levels, helping to prevent margin-related stoppages.
- Percentage Allocation by P/L: Allocates trades post-closure based on a percentage assigned to each sub-account, offering flexibility in risk management.
- Proportional Allocation via P/L: Similar to the previous method, but allocations are made proportionally to sub-account balances.
IronFX’s PMAM platform update is designed to meet the evolving needs of the global trading community. With its integration into the MT4 trading platform, the PMAM system remains a critical tool for traders and financial institutions managing multiple accounts.
As Forex markets continue to evolve rapidly, IronFX's focus on modern, efficient account management ensures that its clients can stay ahead. This latest update reflects IronFX's ongoing commitment to providing the tools and technologies professional traders need to succeed in the competitive Forex environment.
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