April 4th, 2019, The Financial Commission today announces the launch of a new PAMM Trading Platform Certification service to help ensure investors and authorized traders are operating in a fair and transparent environment with commonly accepted standards for operating PAMM accounts.
Percent allocation management modules, commonly known as PAMM have become increasingly popular with traders and investors over the last few years. Due to increased demand, as well as interest in evaluating such services from the public, the Financial Commission has developed a comprehensive certification to audit the key policies and procedures used on PAMM investing platforms.
To obtain certification PAMM service providers must submit an application and complete a comprehensive questionnaire detailing the key policies and procedures used in the PAMM platform, including
- Technical setup of investor’s PAMM accounts and their functionality
- Funds allocation, calculations and trade results reporting procedures
- Security and KYC policies, including any possible restrictions
- Policies for rating authorized trader or investor account performance
Once the Commission is satisfied with the review of the requested information and any recommended changes are implemented by the PAMM service provider, a certification will be issued for one year and published on the Financial Commission website.
About Financial Commission
Founded in 2013, the Financial Commission is a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, and CFD markets.
Financial Commission provides efficient compliance solutions to its members, alongside its External Dispute Resolution (EDR) mechanism that serves as an effective channel for processing complaints from clients of member firms.
To find out how the Commission is increasing transparency for technology and platform providers, please visit the Certification Services section of our website.