CoinBanks trading platform lets you analyze the past, trade in the current moment and earn benefits of the growing cryptocurrency in the near future. Although there are different sorts of digital currencies being traded nowadays, yet Bitcoin is the most popular among all. By analyzing the past it means that the platform uses the historical data and trends to predict the future movement of Bitcoin. This helps in making the potentially beneficial trading decisions. The CoinBanks allows its clients to get the right assistance from expert professionals in the trading industry. It has been observed that novice traders always try look for a company that offers real time trading with accurate results.
Miscellaneous Payment Methods
One of the main hurdles that majority of the online traders have to come across is the selection of the right payment method. In some instances, online platforms offer a limited number of payment solutions due to which a trader has to face difficulties in funding his account in a timely manner. Furthermore, he may not be in a situation to open a specific payment account within a short time and the opportunity to make profits through bitcoin trading can be missed. On the contrary side, CoinBanks has a diversified portfolio when it comes to payment methods.
They accept Wire Transfer, Bitcoin, MasterCard, PayPal, ACH Payment and VISA. You can instantly fund your account using any of these payment solutions. Due to variety in payment options, you will not have to come across any difficulty while funding your account. All these payment options are pretty famous and widely used for transactions throughout the world.
Percent Allocation Management Module or PAMM Accounts
CoinBanks offer a nice collection of PAMM accounts for the facilitation of their customers. A person can choose an account in accordance with his leanings and requirements. These types of accounts are created to increase investment capital by Forex trader. PAMM accounts are an easy approach for individuals to choose their money managers and flourish in the business of Forex trading. All PAMM accounts offer an opportunity to make huge profits with minimal involvement from the investor. Although there are huge potential profits, yet these account types are not separated from potential capital loss.
Actually, the risk of loss depends upon the performance of your money manager. If your manager is efficient in executing the trade, then the risk of loss can be minimized and the chances of profits can be increased up to a great extent. Therefore, it is very important to carefully select the broker or money manager.
There is no need to be concerned if you have the ability to trade profitably and don’t have necessary capital to execute traders. You can easily offer capital management service and get a reward in shape of profit percentage.
Functioning of PAMM Accounts
CoinBanks PAMM Accounts is a great investment service that offers investors the opportunity to earn money without involving themselves with Forex and permits managers to make additional income simply by managing accounts of their clients. Firstly an account manager creates a PAMM Account and invests a specific amount from his own capital which is also known as the Manager’s Capital. This particular amount of manager’s capital works as an incentive to show the risk in his trading and he will not be able to withdraw from this money. Afterwards, the manager makes his portfolio where the terms and conditions are listed for investors. The percentage share of the profit that will be paid in compensation is included in the portfolio.
In the next step, the account manager initiates trading using both the investor’s funds and his own capital. After executing trades, the losses or profits will be divided between the investor and the manager as per the share in account. This is the simple and straightforward working mechanism of the CoinBanks’ PAMM Accounts, equally beneficial for the investors and managers.
Types of PAMM Accounts
There is a number of account types that a trader can choose for the trading purpose. These include Bronze, Silver, Gold, Platinum, Diamond and the VIP PAMM Accounts. All of these accounts require different amount required to open an account. For instance, you will need a minimum deposit of $5000 to open the Bronze account, $10,000 to open the Silver account, $15000 to open the Gold account, $50,000 to open the Platinum account, $100,000 to open the Diamond account and lastly $250,000 to open the VIP PAMM account. You can select any of these depending upon the amount of the initial investment you can make to start trading with CoinBanks. Each account type has its own benefits for both traders and managers. You can begin with the minimum investment if you are a novice and then move forward to other premium accounts for larger profits.