What are PAMM Accounts?
PAMM stands for "Percentage Allocation Management Module".
The purpose of PAMM Accounts is to let Investors invest their money into chosen Funds created by Money Managers in a clear way.
A Fund in this case is a "pool of money" where all investments are congregated.
This Fund will be used by the Money Manager to trade and generate profits/losses.
The Money Manager sets the particular Offer to join his/her Fund. In order to join this Fund, Investors have to accept the Offer.
The Money Manager earns from the commissions set within the Offer.
Investors divide their profits/losses according to their share in that particular Fund.