Alpari’s PAMM trade turnover tops $92 bln in 9M 2020

Alpari, the world's largest MetaTrader 4 forex broker, has announced that its PAMM service has showed a solid growth in the nine months of 2020.

The PAMM service is an original creation of Alpari which has gained worldwide popularity. It brings traders and investors together under mutually beneficial terms and has continued to gain popularity during the Covid-19 pandemic and subsequent periods of lockdown.

Specifically, the average monthly trade turnover of the PAMM service amounted to more than $10.2 bln. Meanwhile, the total trading turnover of PAMMs during the first nine months of 2020 exceeded $92 bln.

In addition, the service numbered 2,932 PAMM accounts and 873 PAMM portfolios. There are 18,250 active investors and 2,224 managers in PAMM accounts, 346 people actively invest in PAMM portfolios, and 767 manage portfolios.

In a statement on its website, the FX broker said: ” Alpari's PAMM services have earned a top ranking among financial investment products precisely due to their absolute distancing, ease of use and high profitability. USD 50 is the minimum investment in a PAMM account, and USD 100 in a PAMM portfolio, thus making these instruments available to a broad range of investors. “