ELX Multi-Account Manager (MAM) Software
The ELX’s Markets Multi Account Manager allows us manage clients’ money with flexible allocation methods and real-time reporting of performance and commissions.
The MAM software communicates all allocation settings directly with the ELX MetaTrader 4 server. This means an ELX trader only has to worry about trading through the MetaTrader 4 Master Account, all other processes are handled seamlessly by the MAM software.
How does the MAM work?
The MAM account should not be confused with the MetaQuotes multi-terminal system, which has its limitations. A MAM account allows us to use the percentage allocation method like a PAMM account, but it provides greater flexibility to allocate the trades and adjust the risk of each sub-account based on the clients’ risk profiles.
An ELX MAM software has been designed to help our traders:
- Place block orders from a master account
- Place orders for an unlimited number of client accounts
- Create multiple trading sub-groups for a variety of strategies
- Have access to multiple allocation types, including balance, lot, percentage and equity
- Have access to trading on account level with partial close option (also on account level)
- Create client allocations starting at just 0.01 lots
- Utilise all MT4 order types: stops, limits, trailing stops, close all, etc.
The ELX MAM system also provides all the information we need to manage our client list, including open trades, balances, P&L, and client contact details.
Benefits to you our client
To ensure the security of our investors’ funds, client deposits remain in their own accounts, our trader & money manager does not have access to these accounts and therefore cannot make any withdrawals. The individual investors are the only ones who are able to make deposits & withdrawals to/from these managed accounts. However, the performance fees that are earned by account managers are automatically withdrawn from clients’ accounts, in accordance with the terms of the contract.
Also before we use our MAM software for our clients, our clients must have agreed to our terms of a pre-signed LPOA (limited power of attorney) during registration. Not to worry as the LPOA is in place to protect our clients against any of our traders who might go against our terms and also provide our traders with the right to trade the funds on their behalf. Learn more about our LPOA from the next article.
To inquire about our recommended managed account plans or purchase an actual plan, please send us a message or click on the register button to begin.
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