Fibo PAMM Services For Crypto

Retailer Fibo Group is launching a new service that solidifies its commitment to crypto. The new service adds PAMM accounts to its offering, which will allow digital currency traders to become money managers for other users.

PAMM stands for Percent Allocation Management Module and it is commonly used by forex and mainstream markets. The new system is one of the first catering to the crypto community.

With the new service, skilled traders and followers can establish a better relationship, while crypto portfolio managers gain the ability to showcase their performance in a new space. Money managers can also trade CFDs on the platform’s suite of cryptocurrencies. Clients can receive exposure to trading nine of the largest and most significant cryptocurrencies, including, BTC, ETH, LTC, ZEC, Dash, and XMR.

The platforms products have led to a significant volume in trading for retail brokers, which may be the platform’s justification for releasing a new crypto-related product that is attractive to clients. Users can use the platform’s new tools to attach multiple accounts to one master account that is managed by a portfolio manager. Further, the service permits account holders to send a batch order to liquidity providers and the price is allocated to all participants in real time.

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