Its not bad position have to say ,
Its just for efficiency better to have all accounts linked. Instead of having to close the same trade on 5 accounts.
Thats the thing i have got funding, but need a smooth system to execute my trades on hence Im looking to open PAMM.
Im going to give Alpari a call and ask them if he can point me in some sort of direction here before I apply for an account with them formally.
Completely agree with you on that one, its just a matter if you want to start in this business and want to offer people a security of that the funds are never touched only trading on their account you need to start somewhere.
You really do wonder how they come up with these regulations, not black or white leaving a little grey area but you ll need to figure out your self in what area you re operating.
@Liquid validity any good examples?
People must have been successful to get this exemption somehow ?
Just wondering what Alpari want me to state to be able to open an PAMM account with them.
I fully understand that we need to abide by the rules and regulations but somehow there are ways this can be done to prevent a very costly...
Interesting discussion, I've just contacted alpari uk with same question this is the reply :
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thanks for contacting us. As discussed before, making investments decisions in qualifying financial instruments, on behalf of a client, is a regulated activity...