HOW PAMM ACCOUNT WORKS?
The Investor can add funds in already existing portfolios and benefit from manager's strategy and our Trading Risk Management. Legends FX Markets Investment Program doesn't have any fixed cost, the investor pays commissions only on profitable performance of the Manager. This is the best way to guarantee our Investors with the most suitable conditions.
The commission is a percentage of the profit generated each month and the performance is calculated using High Water Mark system.
HOW HIGH WATER MARK WORKS?
A high-water mark is the highest peak in value that an investment fund or account has reached. This term is used in the context of fund manager compensation, which is performance-based. The high-water mark ensures the manager does not get paid large sums for poor performance.
If the manager loses money over a period, he must get the fund above the high-water mark before receiving a performance bonus from the Assets under Management (AUM).