The pamm/lamm account is a sham and ****************

I wish there was an option for no star. i had a horrible experience with fxtm brokers they blew half ($49) of my $100 investment in two days and sent me a message that my investment has been paused. They offer clients by offering a pamm (percentage allocation management module) account telling them that they can money in the forex market even if they have no prior experience in trading. The system pools funds of multiple individuals (investors) to give to the manager as trading capital and the managers remuneration is of the manager is a percentage share of the profits. But what happens when a trade goes bad? The investors bear all the risk and lose all their money while the manager walks away scot free!

What annoyed me the most is that after they blew my account, they did not return my refund when i asked for it back, they said i could only have it after 30 to 31 days. It is so amazing, when you do an online transaction, they debit your account immediately but when you must get refunded they tell you to wait for a period of 30 to 31 days. I don't know what kind of ****** business they have going on there but i encourage you to take heed of my words and not want to see for yourself like a doubting Thomas. Do not invest your money is this sham. if you want to enter into the forex market,sit down and get some education then gradually grow into it. Be patient with yourself and don't be in a rush to make money because you will fall prey to ******** like this one.