One account. Many investors. Split to the decimal.
A PAMM account is a single pooled account run by one manager. Your money is a percentage of that pool, and every trade the manager places is allocated across every investor in exactly that proportion — automatically, on every position, with no instruction from you.
One account. Divided by percentage.
One account, divided. Each investor holds a percentage of the pool.
Pick an act, or hover a share
The difference, in one line each
Many accounts. Each trade is repeated into yours, sized to your balance — so your fills, and your result, are your own.
One account. You hold no positions; you hold a percentage of a pool that does — so your result is exactly proportional, never approximate.
Proportional, automatic, and visible
The mechanism is arithmetic rather than trust. Four things decide what you earn, and none of them is a promise.
Your share is a percentage
When you invest, your deposit is measured against the pool's total equity and becomes a percentage of it. That percentage is what you own — not a number of lots, not a copy of someone's trade, but a fraction of one account.
Every trade splits the same way
The manager trades the pool as one balance. The result of each position — profit or loss, to the decimal — is divided among investors by their percentage at that moment. A larger investor is not treated better; they are treated proportionally.
The manager is paid on new profit
A performance fee is charged against a high-water mark: the highest equity your share has previously reached. If the pool falls and recovers, the manager earns nothing on the recovery — only on profit above the old peak. Losing months are not billable.
Deposits and withdrawals re-strike the split
Money entering or leaving changes everyone's proportion, so it happens at defined rollover points rather than mid-position. Between rollovers the percentages are fixed, which is what keeps the allocation exact rather than approximate.
What a PAMM account is, precisely
The mechanism is standard and stated in full here. The figures specific to NPE Market are confirmed with your account manager.
What investors ask first
How is this different from copy trading?
Copy trading mirrors a manager's trades into your own separate account, sized to your balance — you hold your own positions and your fills can differ from theirs. PAMM is one account: you do not hold positions at all, you hold a percentage of a pool that holds them. That is why a PAMM result is exactly proportional and a copied result only approximately so.
What exactly does the manager get paid?
A share of new profit, and only new profit. The high-water mark records the highest value your share has reached; a fee is charged only on gains above it. If the pool drops ten percent and then recovers ten percent, the manager is paid nothing for the recovery — the loss has to be made back before anything becomes billable again.
Can I lose more than I invested?
Your exposure is your share of the pool, and losses reduce that share by the same percentage they reduce the pool. Trading leveraged instruments carries a high risk of losing your capital, and a PAMM account is a way of allocating that risk proportionally, not a way of removing it. Past performance of any manager does not predict future results.
Can I withdraw whenever I want?
Withdrawals happen at rollover rather than mid-position, because money leaving changes everyone else's percentage. Between rollovers the split is fixed, which is precisely what makes each investor's allocation exact. The rollover schedule that applies to your account is confirmed when it is opened.
Invest in a PAMM, or run one
Whether you want a manager trading your capital or a pool of your own to manage, the account is opened the same way.