Professional and finance savvy traders are able to manage multiple trading accounts at once, catering to their experience, expertise and interest in the field. However, it is not always easy to manage all accounts separately, and that is where the multiple account manager feature comes into play. Using the MAM feature saves you a lot of time and makes the execution of several orders seamless. The time you save using this feature can be put into use of trade research, analysis and even strategies to make better and informed trade decisions.
What is a Multiple Account Manager?
An MAM is a software that allows traders to place bulk orders with one click. It enables you to manage an unlimited number of accounts seamlessly and makes the entire trading process faster, easier, simpler and more efficient. It refers to one single account that you can use to make trades across several accounts together.
For example, if you have five accounts to manage, the software will save you 4/5th of the time by only enabling you to spend 1/5th of the total time to trade in all the accounts.
How does a Multiple Account Manager work?
When you download the MAM software, it offers you a master account that is responsible for opening and closing the trades together. All the accounts under the master accounts are called slaves, and lot sizes that are open in these accounts are opened as per the available margin on the particular trade. The slave accounts are all controlled by the master account. However, if the client ever wants to close a slave account, all the open trades will be closed automatically at the current prices.
Features of having a Multiple Account Manager
- Allows you to manage all the slave accounts from a single master account
- Helps you manage multiple clients from a single platform
- Allows you to set management fees as per the client and their trade positions
- Lets you trade seamlessly with MT4 and MT5
- Does not limit the number of deposit amounts or clients that you can manage at once
- Allows clients to manage their trade progress in real-time
- Accepts all the order types, including pending orders, stop-loss orders, trailing stop orders and take profit orders
What all does the MAM software provide you with
- Monthly, quarterly and yearly reports of the clients and their trades
- Instant order execution
- Server updates
- Broker control
- Live order management monitoring
- Group order executions
- Pending order functionalities
- Bulk order executions
- Instant account allocations
Advantages of having a Multiple Account Manager
Fund managers have been increasingly using the MAM software to increase their client satisfaction and efficiency by handling multiple accounts at once. It helps them control thousands of accounts together, enhancing their revenue generation and reliability. The MAM software offers an extremely high degree of effectiveness, speed, flexibility and trading tools that are beneficial to place profitable trades. Top 6 advantages of having an MAM are –
Client allocation
With the MAM software, you can witness easy allocation of clients and quickly manage them by segregating them into different categories like equity, balance, lot and percentage. The flexibility offered by the software helps you to handle even the low balance client accounts along with the accounts having much larger funds.
Expert advisors
Another benefit of having an MAM is the expert advisors feature that allows you to implement the trading strategies automatically. EAs help you set the parameters on the basis of which trade opportunities are grasped, and positions are opened and closed at profitable levels.
Trading strategies
MAM allows you to run several accounts together even though each account follows a different trading strategy. When you have clients who have different risk appetites, it becomes essential to provide them with the trading strategies that suit their trading needs the best. MAM allows you to manage all accounts and strategies together from one single platform.
Managing individual accounts
MAM gives you access to all individual client accounts and contact details that help you review trading strategies associated with that account. It also provides you with a set of analytical tools and reports that help optimize your trades for the particular account.
Instant and flexible order executions
With the multiple account manager feature, you can integrate all the trades that you wish to conduct with the master account. The risk management strategies can be applied to all trades at once, saving you the time and energy of applying them individually. Orders are executed instantly, along with automated commands that fit well with the specific trading strategies of that account.
Download the MAM software today to experience seamless and fast trading
The MAM software comes with several features that help you manage hundreds and thousands of accounts at once. It enables you to increase your client satisfaction and trade effectiveness by allowing you to manage all accounts through a single-window itself. Download the multiple account manager software with us today to experience a faster, simpler, quicker and more efficient process of managing accounts single-handedly.
