Equite PAMM-Accounts: Updates
With the emergence of the PAMM-accounts, investors have the opportunity to invest in professional traders. It has greatly expanded the boundaries for people who are far removed from cryptocurrency. Equite does not stand still either and our company constantly offers new terms for investors with maximum risk diversification. Today we will talk about our platform's updates.
The policy for withdrawing funds from PAMM accounts will change from June 1, 2021. Previously, investors could withdraw their funds any day. Starting next month, the withdrawal will only be possible at the end of the payout period.
Here is an example: if the parameters of the PAMM account specify the periodicity of the payment of the commission to the manager for 30 days, the investor will be able to receive part (or all) of his funds together with the profit on the nearest payment date. To withdraw funds, you will need to make a request in your Personal Account (the "PAMM" section).
What is the reason for the changes?
The policy changes are caused by the danger for the pool of funds in the PAMM-account. The trader may not have time to adjust the automated trading system for the reduced amount of funds. This can lead to large losses on the part of other investors.
We remind our clients that they can also reinvest funds into the PAMM-account. This will allow you to enable the inclusion of compound interest and therefore increase your future profitability. However, it should be noted that this option carries additional risks of losing the earned profit and the entire deposit in case of problems with PAMM-accounts. Before connecting this service, investors should understand and accept this.
How do I get started? Here is the step-by-step instruction:
- Log in to your account;
- Enable the "PAMM" section in your Personal Account;
- Find your PAMM-account and click the button with three dots " ... ";
- Enable reinvestment in the pop-up menu.
We are open and honest with our clients about everything, so we warn you about potential risks. Our goal is to grow your wealth and protect you from the destructive influence of the market. But sometimes circumstances are stronger than us.
We wish to stress once again that traders and their automated systems may not have time to react to price fluctuations. This can lead to large losses, up to the liquidation of the account.
Do NOT invest the borrowed money. Use only the sum that you are ready to lose. Remember: the higher the potential return, the greater the risk of possible losses.
Withdrawals are just a part of the big PAMM update that will be available from June 1. It will enhance usability and reduce the risks associated with investing in PAMM-accounts. To stay up to date with the latest news, follow us on social media: Twitter, Facebook, or Telegram