UBK Markets constantly improves its products and services. All the improvements the Company initiates are based on the desire to expand Customers’ opportunities for obtaining а stable income. The changes in the conditions of taking the iPAMM-Manager Test will allow you to obtain the iPAMM-Manager status with less time and effort.
Our decision to introduce changes is based on the results of studies regarding traders’ activity in the test taking procedure and their subsequent trade efficiency in the iPAMM-Manager account. As a result, we came to a conclusion that to obtain the iPAMM-Manager status it is sufficient to meet the following conditions:
These conditions shall enter into force on February 22, 2016. Those Customers, who at the time of news publication are taking the test and have already achieved the abovementioned figures, obtain the iPAMM-Manager status automatically.
We believe that these changes will help our Customers to gain profit from the capital management on iPAMM technology in a fairer and more affordable way. We are also grateful to our Customers for their comments and suggestions that contribute to the improvement of existing products and services of the Company.
The Company has initiated many changes and innovations in 2015, among which the most important event was a launch of iPAMM system. Largely due to feedbacks from our Customers, we improved working conditions of iPAMM-Managers, which made the process of obtaining compensation maximum fair. We are grateful to everyone who voiced their wishes and suggestions on how to improve not only an iPAMM service, but also other Company’s products that definitely influenced our further development.
This year the Company held a grand event, which became the culmination of a global promotional campaign “Five years with UBK Markets!”. At this event we presented an updated concept of the site and new services on the basis of iPAMM technology, which will offer a number of additional opportunities for Customers and Partners.
Among the announced changes the most important is a launch of the updated site, a modernized concept of which differs from the previous one by its modern design and additional functionality. Firstly, the site will have a multilingual support, i.e. information on the products and services of the Company will be provided in 7 languages: Russian, Ukrainian, Kazakh, English, German, French and Spanish. Secondly, next year the site will be also localized for Eastern Europe (in Polish, Romanian and Hungarian) and for Asian countries.
An updated site will be launched in 2 stages. At the first stage Customers can form own investment portfolios based on trading signals made by iPAMM-Managers. This will meet needs of those Customers who want to determine independently the level of their income based on iPAMM technology. At the second stage we plan to implement an option which will help you to select portfolios previously formed by other iPAMM-Investors, which they will publish in a corresponding rating. This will allow you to increase equally your capital both through active and passive iPAMM-Investment with minimum time and efforts.
The Company also expands the accrual remuneration terms of iBroker Partnership Program, which involves the gaining of a part of the profit not only from the classical trading, but also from the activities of iPAMM-Managers, iPAMM-Investors and Portfolio Managers.
In the coming year improvements will influence iPAMM-Managers as well. Due to the launch of an updated site, restrictions for iPAMM-Managers on the maximum amount of compensation are removed. Thus, a profit of iPAMM-Managers will depend on the quality of their trading signals that influence directly the Traderank index value. The higher Traderank a certain iPAMM-Manager has, the greater number of iPAMM-Investors will trust their funds in his/her hands. As a result, an income of iPAMM-Manager will grow steadily as it is a part of profit received by iPAMM-Investors in their investment accounts. Taking into consideration both that iPAMM-Investors are scattered around the world, and the Company does not set the maximum sum for investment, iPAMM-Managers can potentially operate the assets, which are amounted to hundreds of thousands of U.S. dollars.
In addition, the Company is preparing to launch several Internet resources:
UBK Markets info site that contains comprehensive information on products and services of the Company. You can find detailed answers to the questions that Customers frequently address to our Customer Support. The convenient site navigation and full database of background materials will simplify and speed up familiarity with services provided and their features.
iPro Marketplace info site that provides access to the detailed instructions on how to use iPro Marketplace trading and analytical platform. Except articles describing a working procedure with the platform, its functionality and settings, you can find video tutorials on all sections and components of the trading platform on the site. To organize interactive communication between traders, we provide the forum with thematic branches on classical trading, trading based on iPAMM technology using iPro Marketplace, development of automated trading strategies and much more.
ForexTema site is converted into an information and analytical portal which will contain popular science articles on a trade using products and services of our Company. In addition, you can find analytics, economic events calendar and economic news on this resource. Pay your attention to the section devoted to the trade training in the financial markets. This section will contain articles and notes provided by the most authoritative sources.
The Company is planning to update trading and analytical platform iPro Marketplace to version 1.3.0 in the first quarter of 2016. This version of the platform is improved and differs from a previous one by new sections using which you can develop and test new automated trading strategies that allow users to improve significantly the efficiency of the capital management. In general, changes provided by this update concern a set of functions integrated into the platform, which improve its ergonomics and optimize the overall processes.
We also wish our Customers and Partners Happy New Year! May all your desires and goals realize in 2016. We are confident that the coming year will bring each of you new opportunities leading to your financial success. From our part, we will make all efforts to realize your potential in the stable material prosperity. May New Year bring you success, harmony and commitment to excellence in all your affairs!
Based on statistical data obtained during the evaluation of iPAMM-Managers’ performance, starting December 28, 2015 UBK Markets launches 3 changes in the trading conditions of iPAMM-Manager account and in the rules for calculating the Traderank index. These changes will allow iPAMM-Managers to improve trade efficiency and thus make it easier to obtain compensation.
Changes in the rules for calculating the Traderank index
The experience mentioned above shows that rules for calculating the Traderank index contain many provisions, following which iPAMM-Managers can hardly get a higher position in the ranking due to a large number of restrictions on their trading strategies. Solely for its Customers, the Company improves assessment principles of iPAMM-Managers’ trading – principles that were laid down in the Traderank index calculation. Consequently, it will become easier for iPAMM-Investors to analyze the quality of iPAMM-Managers’ trading in the future and to create from them efficient investment portfolios.
Invalid rules of Traderank index calculation
The updated rules on how to calculate Traderank index will contain the invalid requirements on the application of the pipsing strategy. Now you can make trades with profit less than an average daily value of spread, including the commission.
In addition, we abolish the existing recommendations to set Stop Loss and Take Profit parameters and introduce new rules stated bellow.
Updated conditions to improve Traderank index value
The Company establishes 5 rules that promote an increase in Traderank index value. Building the trading strategies according to these rules, iPAMM-Managers can improve their positions in the ranking and increase the amount of their potential profit as well as the degree of iPAMM-Investors’ confidence in the updated concept of iPAMM technology.
а) Try to avoid the price fall towards a Stop Loss level set by the system. Otherwise, your Traderank will be lowered.
b) When you close unprofitable positions without using a Stop Loss set by iPAMM system, the Traderank index increases, in case the profit is seen as positive by a balance value.
c) When you close unprofitable positions without using a Stop Loss set by iPAMM system, the Traderank index does not change, in case the profit is seen as negative by a balance value.
General recommendations. The system closes automatically all open orders of iPAMM-Managers at the end of each trading week, on Friday, at 17:00 UTC. Please try to close orders on your own on Friday before 17:00 UTC, as in this case our algorithm will determine your trading decisions as consistent. Planning your actions always influences positively the evaluation of your trading strategy by the system that increases the Traderank value.
We are confident that our changes and innovations will give iPAMM-Managers access to additional opportunities in trading that will improve its quality and the final result.
In connection with New Year and Christmas holidays in the period from the 24th of December to the 4rd of January, the trading schedule of Forex market will be following:
24 December — market closing at 18:00 UTC;
25 December — market is closed;
28 December — market opening at 00:00 UTC;
31 December — market closing at 18:00 UTC;
1 January — market is closed;
4 January — market opening at 00:00 UTC.
Please, take into account that in connection with the low liquidity and high volatility of the market, we may expect the change in trading conditions and increase in spreads, orders processing time and also in margin requirements.
The opportunity to take the iPAMM-Manager Test became available over one year ago. During this period more than 1 000 people have begun their activity as iPAMM-Managers, and their number grows constantly. Despite it, quite many talented traders who demonstrate a really high trading performance in their Live accounts have not yet received the iPAMM-Manager status. Having analyzed this situation, we came to a conclusion that one of the reasons was a need to pay the Registration Fee. In this regard, starting today UBK Markets changes the requirements for obtaining the iPAMM-Manager status. Now our Customers can take the iPAMM-Manager Test without the compulsory payment of the Registration Fee, as the only criterion to assess the Customers’ intention is to take the iPAMM-Manager Test, which is sufficient to confirm not only the Customers’ basic skills of trading, but also their serious, responsible and balanced approach to the decision-making. From now on to take the Test, you should log in to “My Account” and activate (free of charge) an additional option “iPAMM-Manager account”.
Due to the Registration Fee cancellation, the loyalty program "Bonus+25%"ends as well. The aim of this program was to compensate money of iPAMM-Managers, which they used to pay the Registration Fee.
Please also note since this news publication, the changes, the Company introduces in the rates and fees foreseen by the iBroker Partnership Program, come into force. In accordance with these changes, no extra compensation is charged as a fee from the amount the attracted Customer pays for the right to take the iPAMM-Manager Test. At the same time, the Company increases the percentage of compensation, which comprises 30% for the 1st Level iBroker Partners and 10% for the 2nd Level iBroker Partners. You can learn more about the changes in the compensation system visiting “iBroker. Rates and Fees” section of “My Account”.
We believe that new rules will help us to make Company’s services more accessible and the partnership with us more profitable.