AXI launches new MAM and PAMM platform for FX and CFD trading

Rick Steves

AXI has highlighted the precision in asset allocation featured in the new platform as it removes the dependency of MT4/5 accounts for the investors and protects the Fund Managers strategy from being copied illegally by investors. 

AXI has launched its Forex Managed Accounts Services platform to provide MAM and PAMM offerings.

The retail FX and CFD broker believes the platform, developed in collaboration with Singapore-based specialist FYNXT, is as high-tech as it can be.

The aim was to reset the benchmark in business-critical areas of speed, precision, transparency, flexibility, and user experience.

Louis Cooper, Chief Commercial Officer at AXI, said: “We’ve long understood the limitations of traditional MAM and PAMM offerings out there; as the industry evolved to address the money and fund management sector, technology enhancements have been only piecemeal, incremental and so too, the business benefits.”

Aeby Samuel, Chief Executive Officer at FYNXT, commented: “Anything we can do to help our clients better serve their clients is what drives us. We are immensely proud of our latest Social Fund Management offering and if preliminary feedback from our early clients is any guide, we look forward with a high degree of confidence and excitement.”

Forex Managed Accounts Services platform has enhanced administration and automation with a suite of pre-built templates and selectable fee structures, and agreements. This allows Fund Managers to create and manage new strategies within just a few minutes.

AXI has highlighted the precision in asset allocation featured in the new platform as it removes the dependency of MT4/5 accounts for the investors, protects the Fund Managers strategy from being copied illegally by investors.

The trading technology provider claims investors get 100% allocation accuracy in asset allocation and lot sizes down to 0.0000001 lots, previously not possible from traditional MAM/PAMM.

As to fee management, AXI’s product permits almost infinite flexibility so Fund Managers can administer different fee requirements of customers within a single Master account based on a) performance, b) management, c) subscription, d) upfront, d) penalty, or e) a combination based.

Both Fund Managers and Investors get an intuitive experience with enhanced visibility and transparency of accounting entries and associated reporting, including auto calculation and settlement of fees.

“Technological superiority here meant a fundamental re-think – a deep dive, ‘what’s-possible’ analysis, specifically and consultatively, through the prism of the fund management industry. A seriously in-depth understanding of the peculiarities and nuances within the ‘managed’ sector was key for me; once we had nailed this, killer technology from our friends at FYNXT in Singapore would be the enabler for us to continue offering our clients the trading edge”, Mr. Cooper added.

AXI caters to new traders, pro-traders, trading businesses, banks, and financial organizations in more than 100 countries looking to access the markets.

The FX and CFD trading company offers a wide range of assets including CFDs for several asset classes including Shares, Forex, Gold, Silver, Coffee, Indices, Oil, and other commodities.

 

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