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I would like to know if it is worth it to use PAMM accounts and getting passive income if I’m not good at trading?
Lorenzo Molina
Peru
2024-06-14
ANSWER According to XS, "Percentage Allocation Money Management (PAMM) solution is a trading tool that allows experienced traders to execute trades on behalf of investors. The PAMM platform enables experienced traders to leverage their success by creating their own investment fund. The PAMM account allows investors to pool their funds together, providing them access to experienced traders and their trading strategies. This PAMM account gives investors more trading options and enables them to follow experienced traders, and the potential to earn higher returns." We advise contacting the broker's customer service team to gain a thorough understanding of PAMM accounts before making any investment decisions.However, investment inherently involves risks, and it's essential to acknowledge this reality. PAMM accounts are a solution offered by brokers for investors seeking to generate income, but these tools do not assure passive earnings and should be approached with caution. In fact, the effectiveness of investment activities is significantly influenced by the investor's financial acumen, trading expertise, and other critical factors. It is imperative to gain a solid foundation in trading knowledge and fully comprehend the risks involved before committing funds. It is advisable to use a Demo account prior to risking real funds. Remember, investing is synonymous with risk-taking.
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Can I have a mini account on Dana Global Limited?
Stephen Dinsdale
Brunei
2023-12-11
ANSWER No, as indicated in the screeshot from its website, Dana Global Limited only provides two account types for customers: Standard Account and Commission Free Account.However, it's important to note that Dana Global Limited is registered with the Mauritius Financial Services Commission (Mauritius FSC). This financial regulator hasn't provided any details to support the connection between the website https://btcdanaglobal.com/#/home_p and the licensed entity. Consequently, we cannot dismiss the possibility of identity theft, where a suspicious website illegally copies a registered company's license information to appear legitimate. Therefore, investors are advised to exercise extreme caution when dealing with Dana Global Limited. As a general rule, we recommend choosing brokers that are fully regulated, have a good reputation, and demonstrate strong regulatory compliance.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.