In this section you can find answers to the most commonly asked questions. We have tried to give the most comprehensive explanations that will help you easily understand the key features of our work.
Categories of questions:
- What are the competitive advantages of the iPAMM Technology today?
- Why does the Company engage as many iPAMM-Managers as possible into business?
- Why do we set special requirements for those who want to become an iPAMM-Manager?
- Are there any additional criteria to assess iPAMM-Managers’ trading activity that determine their rate in the iPAMM-Manager Account Ranking?
- Consistency in making trading decisions.
- Predictable behavior.
- Responsible work attitude.
- Can a trader have more than one iPAMM-Manager account?
- How to become an iPAMM-Manager?
- Download iPro Marketplace trading and analytical platform from our website;
- Complete a 2-step registration process: quick registration followed by full registration of your UBK Markets account;
- Open at least one Live trading account;
- Activate an additional option "iPAMM-Manager account" to be able to take the iPAMM-Manager Test, then select any of the Live trading accounts where you want to complete all special requirements for obtaining the iPAMM-Manager status.
- What does a non-nominal account of iPAMM-Manager mean?
- No capital requirements are set. When performing trading operations in the iPAMM-Manager account, iPAMM-Managers does not use their own funds.
- No margin requirements are set while performing trading operations in the iPAMM-Manager account (no deposit is required to maintain open positions).
- No financial obligations arise when or resulting from trading.
- Can an iPAMM-Manager trade on a Live account as well?
- How many iPAMM-Managers may participate in the ranking and how many of them can get compensation?
- Why does the Company set a limit on the weekly compensation for iPAMM-Managers?
- How is weekly compensation for iPAMM-Managers calculated?
- How does the Traderank index work?
- How do we assess the iPAMM-Managers’ trading activity in various financial instruments?
- Are there any restrictions on the methods of trading (e.g. automated trading strategies etc.)?
- What period of trading activity will be counted by iPAMM system while determining my Traderank index?
- Can I get the information about which of my trading orders were executed in the Investment Portfolio Account and how profitable they were?
- What is the dynamic calculation of the maximum Stop Loss value?
- What is the commission for the iPAMM-Manager account?
Having added a number of innovations to the “classical” money management model, we created the technology to make the most of the financial market opportunities.
First of all, we changed our attitude towards Managers. All we wanted was to create an environment for fair and healthy competition, where all of our Customers would be able to apply their trading skills in the financial markets and to receive a worthy reward at the same time. As a result, we have developed the concept of iPAMM-Manager – the concept of the next generation trader, whose earnings totally depend on his/her own skills and ambitions. You don’t have to risk your own money and feel unmotivated due to a lack of investors’ interest anymore. Now your positive trading results determine everything. Obtaining top positions in our iPAMM-Manager Account Ranking you will have an opportunity to participate in our weekly compensation plan. The amount of your compensation will directly depend on the number of trades executed in the Investment Portfolio Account.
However, the key element of our system is the implementation and use of complex mathematical algorithms for analysis of trading orders created by iPAMM-Managers. iPAMM technology automatically selects trading orders, potentially most profitable, minimizing risks of losses and maximizing safety of our investors’ managed capital in the financial markets.
Thus, having combined the precise mechanism of trading order analysis with ideal conditions for traders we created a unique system with unparalleled efficiency worldwide.
The advanced mechanisms of trading order processing provide steady profits for the trading operations performed by iPAMM-Managers in the Investment Portfolio Account. Despite this, we always strive to increase both, profitability and reliability of our system. The more trading instructions are sent, the more trades can be carried out through our technology; at the same time such principle ensures stable technology operation and increases the total amount of funds that our Company can send to be executed in the Investment Portfolio Account.
Consequently, the more successful iPAMM-Managers we have and the more money they manage in the Investment Portfolio Account, the bigger total weekly compensation iPAMM-Managers can get.
When developing a concept of the next generation trader, we aimed to create an absolutely new community of committed professionals. Besides, we also strove to foster fair competition and promote equality of opportunities. In conjunction with the power of our technologies, such Managers can provide the maximum effectiveness of iPAMM system operation in the financial markets.
Just for the purpose of preserving carefully adjusted balance between practical skills and personal qualities required for successful trading in the financial markets, we have introduced simple requirements that have to be completed in the trading accounts. Fulfilling these requirements, traders demonstrate their basic money management skills and their readiness to start a career with our Company as an iPAMM-Manager.
However, above all we appreciate your ability to make right decisions calmly and responsibly in any situations that is why traders can meet special requirements to obtain the iPAMM-Manager status only through trading in a Live trading account. iPAMM-Managers should always be able to resist psychological stress, that is why trading in risky conditions that can cause potential loss exposure can be another “strength test”.
The iPAMM system has been developed based on high standards of the stability and profitability of its implementation in the financial markets. Taking into account that these system properties significantly depend on trading orders made by iPAMM-Managers, we have set up a comprehensive range of criteria to evaluate the overall trading activity of each trader. Recent evaluations of iPAMM-Managers will move their positions in the iPAMM-Manager Account Ranking accordingly and give them opportunities to participate in a weekly profit distribution plan.
The iPAMM-Manager’s rate in the ranking is determined by Traderank – an index of trading order quality. This index is complex and includes plenty of various parameters, ranging from frequency of your trading orders to the most frequently used types of orders.
It is natural that the calculation of Traderank index is made in accordance with complex mathematical formulas, including a lot of different things, but first of all we would like to underline several personal characteristics that explicitly will help you to improve your Traderank:
Our Company’s policy is to create a fair and competitive environment for all iPAMM-Managers. We want to be sure that each Manager can demonstrate his/her trading skills in the financial markets and take part in the distribution of our weekly compensation. To give such opportunity to a larger number of traders we do limit the number of
To start your own career as an iPAMM-Manager with UBK Markets you need to do the following:
Once all the requirements are met, you will be able to open an iPAMM-Manager account.
The benefits of an iPAMM-Manager non-nominal account are as follows:
An iPAMM-Manager status does not restrict or limit Customers’ trading activity in any way. iPAMM-Managers may continue trading on any other types of accounts provided by UBK Markets.
Any participant of the iPAMM-Manager Account Ranking may receive compensation each week.
The number of iPAMM-Managers in the ranking is not limited: every iPAMM-Manager who has carried out more than 15 trades on his/her account will automatically appear in the ranking.
Our system has no limit on the number of iPAMM-Managers who will participate in the weekly compensation allocation. Whether or not an iPAMM-Manager is eligible for weekly compensation as well as the amount of such compensation is determined by his/her trading efficiency throughout the entire week.
Example: One of the iPAMM-Managers has a very low Traderank level, so he/she moves down in the ranking. During the last week the trading efficiency of this iPAMM-Manager was very high and a lot of his/her trading orders were taken to be executed on the Investment Portfolio Account. Good trading performance during just a week cannot guarantee that he/she moves up quickly in the ranking, but he/she can get more compensation compared to other iPAMM-Managers who have higher positions in the ranking, provided that the trading performance of these iPAMM-Managers was less efficient.
We should also mention that while testing the iPAMM system we often created situations when the weekly compensation was allocated among all iPAMM-Managers in the ranking. Our main purpose in creating such situations was to make sure that there are no obstacles for compensation distribution among 90% of all iPAMM-Managers or more.
The amount of weekly compensation is limited to 5,000 USD per each financial instrument. If iPAMM-Managers appear at the top of the iPAMM-Manager Account Ranking in several financial instruments, then they may receive compensation for each of those instruments. So it’s possible to make much more than 5,000 USD a week.
Each week the Company determines the number of iPAMM-Manager Account Ranking positions, which participate in compensation allocation every week. The total amount of compensation is distributed between those iPAMM-Managers whose orders were executed in the Investment Portfolio Account during a particular week. Herewith, the amount of compensation depends on the number of executed orders.
Traderank is a statistical index that characterizes iPAMM-Manager’s trading activity in general. The higher value this index has, the more stable and profitable trading orders of iPAMM-Manager are. This index also determines an iPAMM-Manager’s rate in the iPAMM-Manager Account Ranking.
When trading in iPAMM-Manager accounts, our Customers build the Traderank index for each financial instrument separately. Herewith, the iPAMM-Manager Account Ranking includes all trading strategies of iPAMM-Managers for each financial instrument.
Our Customers can use any method of trading available in the financial markets that is convenient for them.
The only limit we set for iPAMM-Managers is that when analyzing their trading performance we find out the copying of trading orders on one financial instrument in two or more iPAMM-Manager accounts, then the Traderank value on the specified financial instrument will be downgraded. As a result, iPAMM-Managers can lose their positions in the iPAMM-Manager Account Ranking until their complete dropping out from the ranking list.
The iPAMM system calculates your rate in the iPAMM-Manager Account Ranking based on the analysis of your trading performance over the last four full weeks.
Example: A Manager showed poor trading results during a week, so consequently his/her Traderank went down as well as his/her rate in the ranking. After that he/she showed good results over the next three weeks, but because of the losses during the first trading week, which were taken into account by iPAMM system as part of four-week trading performance, his/her rate in the ranking still didn’t correspond to the results achieved over the last three weeks. However, as soon as the fifth trading week came to an end, the first week was not taken into account anymore, so the iPAMM-Manager could obtain a high rate in the ranking.
You need to understand that even if mistakes affecting your trading performance have occurred, they are just temporary setbacks; this should be seen as an opportunity for you to improve your trading strategy and to strive for the top positions in the iPAMM-Manager Account Ranking.
Currently, such information is not available to iPAMM-Managers. That is primarily due to the development of the special software solution for iPro Marketplace trading and analytical platform. More information about this product will soon be published on our website.
Please follow our Company’s news with the latest updates to be well informed about your trading performance results.
We will let you know when we have more news!
The dynamic calculation of the maximum Stop Loss value is a functional option made for the iPAMM-Manager account in iPro Marketplace trading and analytical platform. Stop Loss level is set automatically when an iPAMM-Manager opens a trading position. The maximum Stop Loss value is calculated based on the market activity analysis and potential risks to determine possible points of entry into the market. The maximum Stop Loss value is calculated separately for each currency pair at the end of the trading week for the upcoming week. The calculation is dynamic (variable), as the data used for calculations vary within each trading week.
The Stop Loss setting cannot be cancelled. However, iPAMM-Managers can modify its value, but only in a downward direction from the maximum set by the system.
It is required to introduce the commission for the iPAMM-Manager account due to a new opportunity to invest in an iPAMM-Manager. This parameter allows an iPAMM-Investor to exclude the possibility of getting a negative result in situations when profit on a trading operation in the iPAMM-Manager account is less than the commission in the iPAMM-Investor account.
The iPAMM-Investor account is not nominal. At the same time, funds in the iPAMM-Investor account are real, and the commission is withdrawn from the iPAMM-Investor account for the use of his/her capital while executing a trading operation. To avoid miscalculation of the iPAMM-Manager’s trading performance we have decided to synchronize the commission in the iPAMM-Manager and in the iPAMM-Investor accounts. Thus, for the iPAMM-Manager account, the commission is given in pips and corresponds to the money equivalent of the commission for the iPAMM-Investor account, and is equal to 16 pips. The commission equivalent is withdrawn from the funds available, i.e. an iPAMM-Investor’s actual funds. However, the pips taken to execute a trading operation by an iPAMM-Manager are considered when calculating the financial result on each trade and influence the amount of total profit and, in its turn, the value of the Traderank index.
Should you have further questions, please do not hesitate to contact our Customer Support and one of our specialists will be happy to answer all of your questions.
Our Customer Support is available from Monday to Friday, between 9 am and 7 pm*.
*UTC time zone (Coordinated Universal Time is a global time standard based on Greenwich Mean Time).