In light of the approaching planned launch of the iPAMM-Manager Account Ranking by our Company, we would like to let you know several important facts regarding obtaining the iPAMM-Manager status and further participation in the iPAMM-Manager Account Ranking.
First of all, we would like to thank you for all enthusiasm and efforts that you put into the iPAMM-Manager Test. We are very satisfied with the results you achieved and once again we see that our iPAMM technology proves to be accurate and efficient. It’s worth saying that it went beyond our expectations: currently 31 customers has already completed the Test and they are ready to participate in the iPAMM-Manager Account Ranking, and about 50 customers are already on their final stage and they are expected to complete the Test within the next three months.
Thus, at the time of launching the iPAMM-Manager Account Ranking, which will take place at the beginning of March, we will have the minimum required number of participants. We need at least 50 iPAMM-Managers as this will allow the iPAMM technology to show its real potential, which with the increasing number of participants will become more stable.
Now let’s take a look at what is going to be changed in the iPAMM-Manager Test requirements: as soon as the iPAMM-Manager Account Ranking is launched, the forth criteria “Trade Quality” will be added to evaluate your Test results.
We’ve been thinking on how to make the whole process of selecting really motivated and active traders better. Finally we’ve found a way and now we’re ready to introduce an effective tool. “Trade Quality” measures how profitable the transactions carried out by potential iPAMM-Managers are.
The “passing score” of this criterion is as follows: the Customer should make at least 250 trades with profit of at least 150 pips each. We do believe that together with other criteria this would be the most efficient way to determine and select successful traders who are able to show the best results in the Ranking.
Taking into account that the process of obtaining iPAMM-Manager status becomes deeper, we also increase the requirements for other two criteria. Now to complete the Test, it is necessary to make 100,000 pips with the total volume of all trades no less than 75 lots.
All those changes will apply during the launch of the iPAMM-Manager Account Ranking. All participants who have already started or will start the Test before the date of new rules applied will continue to complete their Test under the old rules.
The exact date and time of iPAMM-Manager Account Ranking launch will be published a few days prior to this event. From the moment of its launch new rules will apply for those who start the Test on or after the launch of the Ranking.
During Christmas and New Year holiday period Forex market will be open according to the following schedule:
Trading sessions during the period from December 12, 2014 to January 2, 2015
December 24 — market closes at 07:00 pm UTC;
December 25 — market closed;
December 26 — market opens at 06:00 am UTC;
December 31 — market closes at 07:00 pm UTC;
January 1 — market closed;
January 2 — market opens at 06:00 am UTC.
Please note that due to lack of market liquidity and high market volatility during Christmas and New Year holiday period trading conditions and margin requirements are subject to change and may result in wider spreads and order processing delays.
As of September 1, 2014, there will be some changes implemented regarding iPAMM-Manager status obtaining.
These changes will be directed towards the improvement of your work quality objective estimation. This condition is our priority, which determines the effectiveness of the iPAMM system as a whole. We are putting maximum effort to grant traders an iPAMM-manager status based on their individual score obtained.
Unfortunately, there is too much hype with iPAMM system’s startup. The most of our customers are trying to accomplish the test requirements as soon as possible while neglecting financial losses and common rules of trading Forex. In most cases, the evaluation of those traders’ activity is quite low and cannot be adequately used for granting iPAMM-manager status.
Besides that, we are constantly searching for questionable points of test accomplishment conditions. This should help us to speed up and simplify the process of iPAMM-Manager status obtaining given the principles of honesty and trading skills open demonstration.
What Has Changed.
The first change was made in Clause 3.3 of the Regulations for Obtaining iPAMM-Manager Status. Now, the required trade volume is 50 lots.
This change is meant to improve the traders work quality before obtaining an iPAMM-Manager status. This would help us to improve our iPAMM system’s work efficiency as a whole going forward.
The second change is about Clause 4.3 of the Regulations for Obtaining iPAMM-Manager Status. Now, the following pairs will be allowable for test-takers: AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF and USD/JPY. All the other pairs will not be considered.
Trading with low liquidity parameters does not allow us to make a fair judgment of our traders activity, and therefore, to grant them an iPAMM-Manager status. We have listed the exact pairs, which will help us to select the most professional managers.
Please pay attention that once those changes are in effect, the iPAMM-Manager Test results will be recalculated based on the new requirements.
We are happy to inform you that the final stage in the testing process of our trading and analytical platform, iPro Marketplace, and basic functionality of our website has been completed. Starting July 25, 2014, our customer can open Live accounts with UBK Markets!
We are grateful to our customers and partners for taking part in this ambitious project. Your support inspired and encouraged us from the very beginning and throughout the entire process.
After carefully reviewing your comments, feedback and suggestions, we have improved the existing features and implemented the new ones into iPro Marketplace and UBK Markets Account functionality.
July 25, 2014 is a ‘turning-point' for us as new opportunities become available for our customers.
First of all, we are launching Live accounts! You will be able to start trading live on the foreign exchange market through the ECN system. We are offering several types of high-tech and financially reliable trading accounts, so you can choose one that best suits your needs. We are focused on providing you with the best trading experience possible and on making managing of your Live accounts easier.
Live account provides you with a great opportunity to start making money on the global financial markets using the latest technologies.
We offer the most popular payment methods to facilitate your transactions. You can pay through convenient card payment systems MasterCard and VISA or use bank wire transfers.
We also made some changes to our website: Analytics is now available to our customers. This section contains economic calendar and analytical forecasts provided by our leading specialists in the area of technical, wave, and fundamental analysis. This section will allow you to access the most current information that may help you in making trading decisions!
And, of course, the biggest news awaited by most of our customers, is the launch of our
We will track every test-taker’s trading performance level, and as soon as the first 50 participants successfully complete the iPAMM-Manager Test and obtain the status of an iPAMM-Manager, they will be placed on the ranking list with the right to participate in our weekly compensation distribution.
What are our plans for the near future?
The testing process of “Strategy Development” component of iPro Marketplace is now being finalized by our experts. It will take a few months to make sure that “Strategy Development” meets our high quality standards set for each product we release. Soon you will be able to develop, implement and use your own automated trading algorithms.
Other components of iPro Marketplace and new features of our website are now being developed and will be available soon.
Thank you for your trust and support!
The launch event of iPro Marketplace trading and analytical platform will take place a bit later than we have planned, as our team of developers will need more time for all the preplanned actions to be implemented. Hence, we have decided to postpone the launch of iPro Marketplace and start registration for Personal Account on January 9, 2014. We are on the threshold of starting all the services necessary for the performance of full-fledged brokerage activities.
We perfectly understand and very much appreciate your desire to touch the future of financial markets, and we are much obliged to our customers for their active involvement in startup of UBK Markets company at the international level by giving us thousands of excellent feedbacks and plenty of good wishes. We are happy to feel your support and positive reinforcement, thanks to you all our company is always full of enthusiasm and potential to implement all our ideas and innovations.