Automatic PAMM account liquidation time restored

11 May, 2020

Please be informed that the period during which the automatic liquidation time for PAMM accounts and PAMM portfolios was increased to 48 hours has now come to an end. This measure, introduced a month ago amid growing uncertainty unprecedented volatility on financial markets, has helped several managers overcome downturns and start to turn a profit again, thereby completely justifying itself.

As of 11/05/20, the automatic liquidation time for PAMM accounts and PAMM portfolios will be restored to 24 hours. Please be reminded that in accordance with our Regulatory Documents, any PAMM account or PAMM portfolio that has gone through 24 successive rollovers with a return of -95% or lower is subject to liquidation at the end of this period.

At the same time, as before, the possibility of independent liquidation of the PAMM account or PAMM portfolio by the manager, if necessary, remains.

In accordance with the terms outlined in the Regulatory Documents, the account manager can liquidate all PAMM-accounts and PAMM-portfolios independently, if necessary.

If you have any questions, please don't hesitate to contact our customer support team. You can reach us on: Telegram, Facebook Messenger, Skype (calls only), via our Live Chat service, by email at info@alpari.com, or by phone on +44 8449 869559.


Source  
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