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    Thread: Do you have PAMM-Partner commission under control?

    1. #1 Collapse Post
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      Default Do you have PAMM-Partner commission under control?

      Message for all InstaForex PAMM-Partners ...

      ... who work seriously on attracting mass of PAMM-Investors to InstaForex PAMM-System.

      Every PAMM-Investor creates more than one investment. Those who doesn't like that money stay outside trading will always return every amount back to the PAMM-Project. Fragmentation of investments occur fast. PAMM-System currently doesn't support merge of active investments.

      Did you ever think about how this InstaForex PAMM-System works on commission?
      Did you ever think about that your commission can end up on a wrong account?

      Did you ever know that PAMM-System reads internet browser cookies from the computer where PAMM-Investor has clicked on Invest button?

      Are you aware that PAMM-Investors are clicking around InstaForex web portal and intentionally or unintentionally changing affiliate code in their internet browser cookies?

      Are you aware that PAMM-Investor should click on the following affiliate link before he/she invests the money into the PAMM-Project?

      This should be done always before PAMM-Investor want to invest the money to assure that cookies will be filled with your affiliate code!

      TP https://instaforex.com/pamm_monitori...trader=5046882 (Top Profi)
      HG https://instaforex.com/pamm_monitori...trader=5057624 (Holy Grail)
      BH https://instaforex.com/pamm_monitori...trader=5072384 (BH-Eurofighter)

      And know imagine that you need to take care of 100, 1000 or even more of nvestments if everything was clicked properly.

      If you would like to see this in practice then check out investment fragmentation on these three PAMM-Projects:

      Top Profi https://secure.instaforex.com/client.../user/5046882/
      Holy Grail https://secure.instaforex.com/client.../user/5057624/
      BH-Eurofighter https://secure.instaforex.com/client.../user/5072384/

      Can you see anywhere the affiliate code next to each investment?!?
      I didn't find this information yet. If anyone did then please report to us HOW-TO do it.

      But you can find information where did the pamm-commission go if pamm-trader allows access to History Investments of all pamm-projects where you have investments. You need to search daily for each pamm-investor's account number

      [pamm-trader receives part of profit from each investment according to traders conditions]
      PAMM-Trader has received part of PAMM-Investor's (1234567) profit

      [commission of agent (sometimes called also partner or pamm-affiliate) is taken from pamm-trader's profit]
      Agent 7777777 received commission from investment, made by his PAMM-Investor 1234567 in the PAMM-Trader 8888888

      Just that when you find this is already too late !!!
      InstaForex Support will most probably not intervene and transfer commission to your account.
      Last edited by StanleyXmas; 01-12-2012 at 02:06 AM.


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      BH-Eurofighter (01-12-2012)

    3. #2 Collapse Post
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      Even the best software can be improved.
      We need to admit that InstaForex has built a very big and comprehensive system. Big bow for that.

      Just that the practice show up a flaw in pamm-commission support.
      It is up to the pamm-investor to take care before each investment that pamm-partner will get his pamm-commission.
      This is in most cases too time consuming and very awkward to beg and repeat to pamm-investor to do it right.

      Our earnings depend on two operation at each investment:
      1. rollover > profit is transferred to pamm-investor and part of it automatically to pamm-trader and then part of it to pamm-partner
      2. refund of investment (return investment) > whole investment + profit are returned to pamm-investor

      So question remains how-to improve the software system to support this?


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      My proposal for improvement to support further development of mass attraction of investments is:

      1st improvement
      pamm-investor's account has affiliate code entered at account creation.
      pamm-project should have a list of dedicated affiliate codes.

      whenever pamm-investor invests into pamm-project the affiliate code from his account should be used to check pamm-project list and if affiliate code is found then this code is taken also as pamm-affiliate for investment.

      if not found then pamm-system can still read internet browser cookies like it does now.

      2nd improvement
      Affiliate Code entered to account at its creation on account opening form should be propagated to all accounts created with same "Personal information". This would encourage pamm-partner / agent / partner / affiliate to keep benefits for the same customer who was brought to InstaForex by him.
      Last edited by StanleyXmas; 01-12-2012 at 02:28 AM.


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      BH-Eurofighter (01-12-2012)

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      If you are interested to read more related to this story then you can jump and read also this https://forum.mt5.com/showthread.php...887#post424887

      You will find also a response from the well-known best trader of the world. He has a lot of past experiences and he is pretty aware of how important pamm-partner is for pamm-system to build up a big volume for trading. He is establishing a foundation for pamm-projects with huge number of investors/investments - currently testing InstaForex pamm-system software if it works and performs better than other brokers.


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      Two improvement points above are written on assumption that pamm-partner knows for the best pamm-trader with high attitude not to burn any account and make profit on the long run. Such pamm-partner (agent, affiliate, partner, one who attracts potential client, investor, future pamm-investor to InstaForex) can attract huge number of pamm-investors because we are witnessing pamm-projects where accounts are burnt sooner or later. People with money are loosing faith in Forex market because of many bad stories circulating around.

      InstaForex has a good reputation, big system and infrastructure but needs to listen closer to the real needs of inter-mediator (affiliate) who can inform client (money!) about the best broker + trader combination. This is 4x WIN scenario.

      Nobody will be ambitious without profit. Lack of support for commission is not encouraging most of pamm-partners (agents, affiliates, ...) to continue their work.

      It is crucial to have a reliable system for commission to work on a huge number of investors and even bigger number of investments because each investor will create more than one investment into the pamm-project (deposit fresh money at different intervals, play with investment's rollover and return/refund of investment, etc.).

      Fragmentation of investments is therefore obvious consequence and can already be noticed on existing pamm-projects. Unfortunately InstaForex system doesn't support a merge of investments into one without returning them from the project and reinvest in merged amount.

      And don't forget. Pamm-partner is not earning pamm-commission from spread but from profit made by pamm-trader !! This is why commission support is that important.

      Partner (affiliate, agent) can earn also from spread of each closed order if investor will trade his money on his own. But people are not deciding that often to trade on their own. They are searching for reliable trader.
      Last edited by StanleyXmas; 01-12-2012 at 03:01 AM.


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      BH-Eurofighter (01-12-2012)

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      The button Rollover for pamm-traders

      PAMM-partner should never forget about pamm-trader.
      If pamm-trader is not supported well, your business won't have a proper foundation.

      Removed rollover button from pamm-trader at each investment in pamm-project is creating awkward situation where pamm-trader can't get his earning at least once per month.

      Returning investment to pamm-investor is a risky operation:

      A. PAMM-investor might not be at the computer to notice this and reinvest.
      B. PAMM-investor can hesitate to reinvest being influenced by current situation on the pamm-project. It's well-known that pamm-investors who daily supervise situation in pamm-project, are very often in panic because they are usually not familiar with trading and trading concepts. It is hard for them. Rollover is the best way to distribute profit but not returning the principal of investment.

      But for this part I got an answer from InstaForex Partners Support:

      "The button Rollover for pamm-traders was removed for some technical reasons. It will be placed back soon."
      Last edited by StanleyXmas; 01-12-2012 at 03:00 AM.


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      BH-Eurofighter (01-12-2012)

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      Another concern is targeted at investments withdrawal from pamm-project.

      pamm-investors with significant investment which represents certain percentage of funds in pamm-project should be aware of the fact that pamm-project means life in symbiosis. Withdrawing investment in a critical moment of the trading concept when equity is low can endanger the remaining equity and burn an account.

      pamm-system should support indirect communication between pamm-investors and pamm-trader.

      pamm-investor's click on "withdraw investment" should notify pamm-trader about intention giving him a chance to react and perform operations needed to save the remaining equity.

      so there should be defined time for reaction and after time runs out, pending request of pamm-investor can be executed.
      this feature could be enabled in pamm-project conditions and pamm-investor who doesn't like this can avoid to invest in such pamm-project.


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      BH-Eurofighter (01-12-2012)

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      Idea for the future could be also:

      - Possibility to create optional PAMM with partners only. Like one of possibilities.
      In such case trader accept only partners (not investors) and investor could come in project only
      if partner accept him (with the help of partner). In such case investor could come in pamm only
      when he is entering code of his "introducer (partner)" and partner could promote his
      services because he is protected enough.


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      StanleyXmas (01-12-2012)

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      Consider what happen today if InstaForex PAMM-System software stays without improvements described above:

      Related to the 2nd improvement:
      Client (investor, pamm-investor) attracted by Affiliate Partner (partner, pamm-partner) can create more accounts at InstaForex and enter (intentionally or unintentionally) different or blank affiliate code. In such case Affiliate Partner loses all benefits despite the fact that he brought this client to InstaForex. Imagine that client deposits more money to second or subsequently created account without your affiliate code than on the first one created with your affiliate code. You were working hard with that client but in such case for nothing. It was complete waste of time.

      This is the reason why affiliate code from first created account should be automatically copied to all subsequent accounts. The key to recognize all subsequent accounts from the same client is up to InstaForex > Client Cabinet > Personal information. It can happen that because of misspelling or typing mistakes this information can't be matched by simple software algorithm while it can be matched by InstaForex Support.

      Another possibility to check this would be at the time client adds his accounts on the same list by using Client Cabinet -> Account Management.

      Because client can't see the affiliate code in Client Cabinet -> Account Summary, client can't respond if affiliate code is wrong.
      Related to the 1st improvement:
      PAMM-Investor attracted by PAMM-Partner can invest money on his own.

      Each time he invests, he should take care to click on the affiliate link (technically to fill internet browser cookies on current computer he is using to create an investment) prior to clicking on Invest button.

      He can simply forget this step. He can use different computer to access InstaForex web site. He can use internet browsers in a special mode where cookies don't work as usually. These modes are Microsoft Internet Explorer->Tools->InPrivate Browsing, Google Chrome->New incognito window, etc. He could click on other affiliate links

      Because affiliate code is not displayed on the screen by the software, client can't check if affiliate code copied from cookies was the right one.


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      BH-Eurofighter (01-12-2012)

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      Quote Originally Posted by BH-Eurofighter     
      Idea for the future could be also:

      - Possibility to create optional PAMM with partners only. Like one of possibilities.
      In such case trader accept only partners (not investors) and investor could come in project only
      if partner accept him (with the help of partner). In such case investor could come in pamm only
      when he is entering code of his "introducer (partner)" and partner could promote his
      services because he is protected enough.
      Very good idea BH-Eurofighter !!
      PAMM-Partner would be in such case really protected and motivated to attract new clients.

      This is exactly what partners are looking for within these improvements. If you work hard on each client, you don't want that your commission will slip away intentionally or unintentionally because of some technical issues or client's bad memory. Clients are in general aware who gave them valuable information about an opportunity at InstaForex (pamm-project what means access to the best pamm-trader!), just that they are more focused on profit and not so much at partner's commission. Inattention of the client incurs a lot of work for partner and in many cases can create a dispute if pamm-commission transaction was already executed to the wrong partner's account.


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      BH-Eurofighter (01-12-2012)

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