Guide
PAMM account management in Bulgaria.
What a PAMM account is, what it means for an investor resident in Bulgaria, and the six questions worth asking any manager before you sign anything.
01The mechanism
What a PAMM account actually is.
PAMM stands for Percentage Allocation Money Management. Several investors’ funds sit under one master trading account operated by a designated manager. Every trade the manager places is allocated across investors in proportion to their share of the pooled equity.
The consequence is worth stating plainly: within a settlement period, every investor sees the same percentage result before fees, whatever the size of their holding. A $5,000 allocation and a $500,000 allocation earn — and lose — at the same rate. The broker’s own system does the allocation and the fee calculation, not the manager.
The manager
Trades one master account using their own strategy, with capital pooled from every investor attached to it.
Cannot withdraw investor capital or change where an investor's money is paid out.
The investor
Opens an account in their own name at the broker, funds it, and signs a mandate granting trading authority.
Cannot direct individual trades, and carries the market risk in full.
The broker
Holds the money, allocates every trade proportionally across investors, and calculates the fee split.
Does not vet the manager's strategy or guarantee any outcome.
02For an investor in Bulgaria
Four things that apply specifically to you.
- The broker is international, the account is yours
- PAMM facilities are offered by international brokers rather than local institutions. You register with the broker directly, in your own name, and the account remains yours throughout. MM Forex LTD is based in Bulgaria; the account sits with Vantage Markets.
- Onboarding depends on your country of residence
- Brokers restrict which residencies they can accept, and the rules differ by entity. This is settled before you register anywhere — an account opened in the wrong place cannot simply be moved afterwards.
- The account is denominated in US dollars
- If that differs from the currency you hold, you carry an exchange exposure that sits alongside the trading result. It can work against you in a period where the strategy made money, and for you in one where it did not.
- Tax treatment is yours to establish
- How any gain is treated depends on your personal circumstances and residency. Nothing on this site is tax advice, and we do not give any — take it from someone qualified before you commit capital.
03Before you sign anything
Six questions to ask any PAMM manager.
Ask them of us, and ask them of everyone else you are considering. A manager who answers plainly is telling you more than one who answers confidently.
Is the record published where you can read it yourself?
A screenshot on a website proves nothing. A live account on a third-party platform, connected to the trading server, is the minimum worth accepting.
Our answer ·Published on Myfxbook with track record, trading privileges and live update enabled.
Is the drawdown shown next to the gain?
A growth figure alone tells you nothing about how it was earned. The maximum drawdown tells you what the strategy has already cost, and what it may cost again.
Our answer ·28.55% maximum drawdown, stated on the record page and beside every gain figure on this site.
Who actually holds the money?
If funds are sent to the manager rather than to a broker account in your own name, you have a different and much larger problem than trading risk.
Our answer ·Vantage Markets, in an account opened in your name. We never receive your deposit.
How is the manager paid — every way?
A performance fee aligns the manager with you. A volume-based rebate from the broker does not, because it is earned whether or not you profit. Ask whether one exists.
Our answer ·30% of profit, no management fee. We are also an introducing broker with Vantage and may receive a volume rebate — disclosed on the fees page.
What are you being told you cannot see?
Every manager withholds something. The question is whether they say so plainly or let you assume you have the full picture.
Our answer ·The strategy is proprietary and not published. The result it produces is public, trade by trade.
Can you revoke the mandate, and how quickly?
The document you sign defines the whole relationship. Read what it authorises, what it excludes, and how you end it — before you sign, not after.
Our answer ·You receive the full mandate to read before signing, and we will walk through any clause you want to question.
04The risk
Losses allocate exactly as profits do.
You carry full market risk. Leveraged trading can lose money faster than the underlying market moves, you cannot direct individual trades, and where a strategy is not published you cannot model how it behaves in conditions it has not yet met.
Past results do not indicate future results. You may lose some or all of the money you invest.
Our record · Since June 2026
- Total gain+57.69%
- Maximum drawdown28.55%
- Profit factor1.60
- Winning days90%
Read from the account and updating live, as at 10 August 2026.
05Common questions
PAMM accounts, answered.
What is a PAMM account?
PAMM stands for Percentage Allocation Money Management. Several investors' funds are pooled under one master trading account operated by a designated manager. Every trade the manager places is allocated across investors in proportion to their share of the pooled equity, so within a settlement period each investor sees the same percentage result before fees, whatever the size of their holding. Profits and losses are split proportionally and calculated by the broker's own system.
Is PAMM account management available in Bulgaria?
Yes. Investors resident in Bulgaria can open an account with an international broker offering PAMM facilities and attach it to a manager. MM Forex LTD is an investment management firm based in Bulgaria that manages PAMM accounts for investors in Bulgaria and across Europe. Whether any particular investor can be onboarded depends on the broker's rules for their country of residence, which is checked before registering.
Who holds my money in a PAMM account?
The broker does, in an account opened in your own name. The manager is granted trading authority under a mandate you sign and, in a properly structured PAMM, cannot withdraw your capital or change your registered withdrawal destination. If a manager asks you to send funds to them directly, that is not a PAMM arrangement.
How are PAMM managers paid?
Usually a performance fee taken as a percentage of profit. MM Forex charges 30% of profit with no management fee. Ask any manager whether they also receive a volume-based rebate from the broker, because that is earned whether or not you profit and is a different incentive from a performance fee.
What is the minimum investment for a PAMM account?
It varies by manager. With MM Forex the minimum is $5,000, and the account is denominated in US dollars.
What are the risks of a PAMM account?
You carry full market risk. Losses are allocated proportionally in the same way as profits, and leveraged trading can lose money faster than the underlying market moves. You cannot direct individual trades, and where the strategy is not published you cannot assess how it may behave in conditions it has not met. Past results do not indicate future results, and you may lose some or all of the money you invest.
Is a PAMM manager regulated?
Not necessarily, and the distinction matters. The broker holding the account is typically the regulated party. A manager trading on that broker's platform may not hold a licence of their own, and broker regulation does not extend to them. MM Forex LTD acts as trading manager on Vantage Markets and is not itself a licensed financial services provider. Ask any manager directly which of the two they are.
How do I choose a PAMM manager?
Read the published record rather than the marketing, and insist on seeing the maximum drawdown next to the gain. Establish who holds the money, every way the manager is paid, what they will not disclose, and how you revoke the mandate. A manager who answers those six questions plainly is telling you more than one who answers them confidently.
Ask us the six questions.
An enquiry is not an application and it does not commit you to anything.