Thursday, 28 February 2019

PAMM ACCOUNT SERVICE COMPLIANCE CHECK


As the founder of the PAMM account service, we are interested in making sure that the quality of the services on offer remains at the highest level. As such, our PAMM account service regularly undergoes full verification by an independent compliance audit company.

EXPERT EVALUATION

Baker Tilly Russaudit

The PAMM account service is expertly evaluated by Baker Tilly Russaudit, a company which forms part of one of the world's biggest audit-consulting companies, Baker Tilly International. The company has been offering administrative and market consulting services for over 20 years. Baker Tilly Russaudit is renowned across the world in its industry as a well-respected compliance auditor.

Compliance check results

The independent expert evaluation has uncovered that all PAMM account managers included in the rating at the moment the checks are performed have provided all of the necessary documents that the company requires. The key indicators for PAMM accounts in the rating are fully concurrent with the indicators in Alpari's internal information system.

You can see the full results of all the audits on our website.

Why is the evaluation carried out?

The compliance check allows for any discrepencies or possible fraudulent activities by PAMM accounts to be brought to light. This concerns activities of PAMM account managers, in addition to those of investors. Furthermore, the accuracy of the calculations which define the numerical indicators for PAMM accounts have also been examined, meaning users can be fully confident in the reliability of the service.

The information which is evaluated during the audit

  • PAMM account data from managers in the rating
    A check of whether the managers had passed all of the required documentation on to Alpari, as well as a verification of the documentation's information authenticity.
  • Accuracy of the PAMM account service's key indicators
    The key indicators, such as returns for PAMM account monitoring, investment amounts and number of investors, are all evaluated.

You can select a manager from the PAMM account ratings without being worried about the authenticity of the information indicated.

In addition, audits of investor deposits and withdrawals in investment accounts which form part of PAMM accounts take place.Source: "PAMM account service compliance check"



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