TenkoFX is one of the brokers that provide PAMM forex services. It is an ECN broker where there is no broker intervention when a trader opens or closes orders. Even though this broker seems silent, traders give positive reviews.
Master traders who open PAMM accounts broker TenkoFX mostly use ECN accounts instead of STP account. ECN accounts are usually chosen by professional traders who have trading skills and experience.
Maybe you are curious who is the best TenkoFX Forex PAMM Master. This article might help you get an idea of the Master PAMM forex broker TenkoFX
Work from home with TenkoFX broker on forex, crypto and CFD
TenkoFX broker regulated by IFSC Belize
PAMM Forex Broker TenkoFX overview
TenkoFX provides a PAMM forex account service that allows an investor trader to invest in forex by copying trades against experienced Master traders. PAMM forex broker TenkoFX allows automatic distribution of profit/loss from master accounts to follower accounts.
TenkoFX’s PAMM service guarantees precise and instant copying of trades using follower funds.
PAMM forex broker TenkoFX offers two types of services, PAMM STP and PAMM ECN. Both use the same currency account USD, EUR, and RUB. The only difference is the account type and the minimum deposit and trading instruments available. And commission calculation, where for PAMM STP there is no commission.
For PAMM STP the minimum required capital is 100 USD or 100 EUR, or 5000 RUB while PAMM ECN is at least 200 USD or 200 EUR or 10000 RUB.
How it works
In simple terms how PAMM forex works is a Master trader who becomes a PAMM manager creates a Master account and makes a proposal to offer to investors.
He must have at least the initial capital to make a proposal. If there are investors who are interested and join to become followers. They will get a profit-sharing performance over a certain time interval. For example one month.
The amount of profit that will be obtained depends on several factors:
- Amount profit in that time interval.
- Amount of funds invested.
- Master trader performance fee.
The greater the profit from the performance of the Master account, the greater the profit that will be received in proportion to the investment amount.
Advantage for Followers
Becoming a forex PAMM follower provides several advantages:
- Don’t bother with trading, all analysis, trading strategies are the responsibility of the master trader.
- Withdraw funds at any time, there is no way that the PAMM Master will take investors’ money away.
- Automatic distribution of Master’s profit/loss and performance fees. It’s all available in the PAMM service.
- An analytical tool is available to monitor from the master account performance graph, it makes it easier for PAMM investors to choose a Master account according to the criteria he specified.
The advantage for Master trader
For traders who already have the skills to get consistent profits by registering to become a PAMM Master will get several advantages.
- It has the authority to offer various levels of risk and minimal investment funds to followers or other parameters.
- Automatic distribution of trading performance between Master accounts and follower accounts. He does not need to bother calculating the profit and cost of performance. Because it’s all part of the PAMM service.
- Get a trading performance fee, the greater the profit trading performance, the more he gets earning, besides the profit from their own capital.
Best forex PAMM accounts June 2021
Finding a master account that has the best rating, traders will usually look for one that is able to earn consistent profits from year to year. It is through an assessment by using an account monitoring tool.
Some of the things that are mostly of concern are account age, percentage of profit and risk, chart of account performance, drawdown, etc.
At TenkoFX, all the master accounts on the rating watchlist are PAMM ECNs. From the entire list, almost them choose PAMM ECN.
Below is the ten best PAMM accounts rating in TenkoFX June 2021.
Colombo is TenkoFX’s top PAMM forex account ranking at the time of writing in June 2021. It is an ECN PAMM with a master capital of $500 and was created on 20 November 2016 with an account login of 400015.
That means the Colombo account has been an active PAMM for more than 4 years.
Its trading performance in 2016 recorded a profit of 66.35%, 2017 became the peak of performance with a profit of 590.49%, 2018 drops minus -47.95%, 2019 profit 1.15%, 2020 profit 193.67%.
Trampampam is a PAMM master at second ranks on TenkoFX’s PAMM rating. This account was created with login number 100029, on September 6, 2017. This is a PAMM STP account, with a master capital of $100. This means that Trampampan has been a Master for more than three years and is still in the top ten of PAMM forex brokerTenkoFX.
In 2017 this master account managed to record a profit of 99.71%, its best performance in 2018 with a profit of 213.06%, in 2019 it was able to record a profit of 22.94%, in 2020 it got 64.19% and in 2021 it has reached 33.8%.
Trampampam trades more on XAUDUSD and GBPJPY with a percentage of 50% on each instrument.
The 3rd place is BrandT which is an ECN PAMM with a login number of 400084, created on 22 January 2018, it has existed for more than three years with a master capital of $1500.
This PAMM account trades on multiple pairs, GBPJPY, GBPUSD, EURUSD, ETHUSD, USDCAD, BTCUSD, AUDUSD, EURJPY, EURCAD, USDJPY.
Profit gain in 2018 reached 336.56% which was the best performance, in 2019 this account was able to earn 77.05% profit, in 2020 it reached 61.08%, and in 2021 it has reached 24.7%.
This is a PAMM account with the nickname “pamm” with login number 400009 created since 23 august 2018 and is ranked 4th at least as of the time of writing.
It also includes PAMM ECN with a master capital of $200. This account trades on multiple pairs including XAUUSD and USDRUB.
Trading performance in 2018 this account reached a profit of 124.35%, but fell in 2019 with -17.16%, in 2020 was the best year for a pamm account with a gain of 235.3%, and in 2021 in Year To Date, it has reached a gain of 111.39%.
FxGarudaCOM is in 5th place in TenkoFX’s PAMM forex broker ranking. This is also a PAMM ECN account. FxGarudaCom PAMM account was created on July 23, 2018, with login number 200004. Master capital $200 with leverage 1:100.
The highest profit was obtained in 2018 with 780.87%, in 2019 it decreased to only 16.13% profit, in 2020 the profit gain was 21.01%, and in 2021 it has not yet obtained profit, it will still be 0%.
This PAMM account trades not only on one pair but also on multiple pairs including forex, metals, and CFDs.
Looking at the history statement, the last order was closed on the XAUUSD pair with an open buy on November 23, 2020. Maybe the profit in 2021 is still 0% because there is no trading activity.
Next in 6th position is Transformator, this PAMM account was created on August 22, 2018, with a master capital of $1000 with a login number of 400006. This is an ECN PAMM with leverage of 1:100.
This master account trades on multiple pairs including crypto trading ETHUSD and exotic pairs such as USDRUB, and other major pairs in general.
In 2018 this account earned a profit of 85.05%, then in 2019, it dropped with a gain of -0.96%. In 2018 this account was able to earn a profit of 85.05%, then in 2019, it drops with a gain of -0.96%, in 2020 it earns a profit of up to 159.78%, and in 2021 it gets 74.68% on Year to Date.
Rank 7 is CryptoPamm which is a PAMM ECN. This account was created on 12 January 2018 with a Master capital of $500 and login number 400078.
Using 1:100 leverage this account trades on multipairs including forex and crypto trading. The last statement of this account is trading on the EURUSD pair on 27 may 2021.
Profit gain in 2018 CryptoPamm account got 58.34%, in 2019 got 55.07%, 2020 got 81.46% and 2021 got 32.65% at the time of writing.
Imoney PAMM account is also PAMM ECN, it was created on 17 July 2018 with a master capital of $500 and login number 400005. It also uses 1:100 leverage and trades on multi pairs including XAUUSD and other major pairs. Report of the last trading statement on the NZDUSD pair on May 27, 2021.
In 2018 this account managed to record a profit of 94.37%, then 2019 got 41.81%, then 2020 got 66.71% and 2021 until the time of writing got 29.29%.
Furthermore, in the 9th rank of the Forex broker TenkoFX PAMM rating, there is CryptoSnack. This account was created on November 16, 2017, with login number 400017. Using 1:100 leverage this account started with $1000 master capital.
This PAMM account trades on major pairs including GBPUSD, EURUSD, AUDUSD, USDCAD, and also on crypto-assets such as LTCBTC, BTCUSD, LTCUSD, and ETHUSD.
Trading performance in 2017 got 96.38% profit, continued 2018 drops with -78.33%, then 2019 got 167%, 2020 got 78.11% and 2021 it gets 183.44% at the time of writing.
This PAMM account is the youngest among the top ten because Vilanelle was just created on January 30, 2020, with login number 200003. This is also a PAMM ECN using 1:100 leverage and starting with a master capital of $1500.
Profit gain in 2020 this PAMM account earns 225.29% profit, and in 2021 when the press time gains 64.82% profit.
The Vilanelle PAMM account trades on multi pairs including commodity metals XAUUSD and XAGUSD, as well as other major forex pairs.
Top Investing account TenkoFX
For investors, traders who don’t want to trade on their own, choose to diversify their capital by investing in several PAMM accounts.
Here are the top ten Investing accounts or also known as the Slave account of the TenkoFX broker.
Slave account number 100012
This investing account comes from the Russian Federation which invests its funds in several master accounts. Joined on October 29, 2019, this slave account earned a gain of 2323.86% in total from the total investment.
Some of the Master accounts he chose to include “pamm”, Colombo, Transformator, Labadabadu, Trampampam, CryptoPamm, BrandT, imoney, Bogeyman, Spacelling, and Kytti.
Of the total investments that get losses on the master accounts of Spaceling and Kytti.
Slave account number 100124
This investing account was created on August 23, 2018, also from the Russian Federation. Until now this account has gained 1146.57%.
This investing account does not invest in several Master accounts, but only chooses one master account, that is “pamm” which is PAMM ECN which is ranked 4th best PAMM rating.
Slave account number 100129
This account was joined on August 22, 2018, and so far has gained 984.59%. This account is also from the country of the Russian Federation, and the investment strategy is by diversifying the capital in several PAMM masters.
This investing account invests in BrandT, gaining 467.44% gain. CryptoPamm with 363.71% gain, Trampampam with 153.44%.
Slave account number 100216
This is an account that just joined on June 23, 2021, also from Russian Federation. However, it invests in several master accounts including Vilanelle, pamm, Lababadudu, Trampampam, and CryptoPamm.
In the report, there is no data available to display because this is still a new account. However, from the report, the gain he obtained has reached 892.39%.
Slave account number 100214
This investing account has been joined since January 30, 2020, also from the Russian Federation. As of the time of this writing, it has gained up to 850.82%.
The strategy applied is also to diversify capital in several PAMM Masters. Included in pamm, CryptoPamm, and imoney.
The highest gain from Master pamm with 608.79%, followed by CryptoPamm with 127.95% and imoney with 114.08%.
Slave account number 100130
This account is ranked 6th among the top investing accounts in 2021, with a gain of 837.49% at press time. Joined since August 22, 2018, this account applies a capital diversification strategy in two PAMM ECN Master accounts.
In BrandT it gains 467.44% and in Boogeyman it gains 370.05%. Boogeyman is a PAMM Master who is 12th in the overall rating.
Slave account number 100040
In rank 7 this investing account earned a gain of 613.32%. Joined since 29 November 2017 and invested in 3 Master accounts including Boogeyman, CryptoSnack, and Colombo.
In Boogeyman it got a gain of 249.45%, while on CryptoSnack it got a gain of 243.58% and in Colombo it got 120.29%.
Slave account number 100011
This investing account has been joined since December 4, 2017, and has earned a gain of 484.18%.
He carried out the strategy by investing in 4 PAMM Masters to diversify his capital, Which included Boogeyman, Colombo, CryptoSnack, and Kytti.
In Boogeyman it has a gain of 244.93%, while in Colombo it has a gain of 139.38%, CryptoSnack with a gain of 136.67%, Kytti it has a loss of -36.80%.
Slave account number 100015
This is an investing account in the 9th rank that gains up to 360.60%. Joined since 18 July 2017 this account only invests in one master account on Boogeyman.
Slave account number 100027
This is the last ranking of TenkoFX’s top ten investing accounts, with a gain of 337.70%. Joined since 17 January 2018 this account invests in two master accounts at Boogeyman and Colombo.
The gain in Boogeyman he got 208.41% and in Colombo, he got 129.29% gain.
Master account and investing account rating positions may change as new changes occur in the field. The profit today does not represent the same result in the future.
Some investors prefer to invest in multiple master accounts rather than just a single master account. But that doesn’t mean that investing in one master account can’t be successful, it depends on the performance of the PAMM account manager.
Forex investment is a high risk, use risk tolerance according to your willingness to lose money if you fail in investment. This article is for informational purposes only and does not constitute investment advice. All risks are borne by each investor.
Read more article