Cooper Markets Review: Is CP Markets the Most Profitable PAMM Account?

Have you ever hoped of earning an income from the Forex market but don’t have the skills, knowledge or connection?

As someone who had sworn off the forex market, I never thought I would admit this but…

Ever since I started my PAMM account in mid-December 2020, and see it rake in a consistent ROI each month… I’m now a huge fan of the Forex market and of PAMM.

But here’s the thing…

I’m still not a forex trader (not yet at least) and I don’t have any reliable forex trading strategies of my own.

Sure, I’ve read some books and online blogs here and there… I’ve attended stock investing workshops… and I also hold a bachelor’s degree in banking and finance…

But I would never stake my living income on MY forex trading abilities.

So, how can I still advocate earning an income from the forex markets despite being a complete beginner?

Simple. By leaving it to the pros!

Full-time traders who actively study the markets and decide on the right timing to enter and exit… and most importantly… earn a consistent ROI every month.

And that’s where having a profitable PAMM trading team like Cooper Markets is the secret weapon for forex beginners like me.

But instead of just hearing me say it, let me share…

My First Couple Months Forex Results

Note: The following results are based on a $1,000 USD starting capital and all figures are in USD. My first trades went live on 7 December 2020.

I don’t know about you but I haven’t seen any other investment fund or financial instrument that delivers similar returns.

But before I carry on, I had better add a disclaimer here that all forms of investment carry risks. Especially, when investing in the Forex market. In fact, if you take a closer look at some of the day trade results… you’ll notice that not every trade was a winning trade. There were days where my account made losses.

However, because there were trading rules in place, ultimately, each month saw more winning trades to losing trades. So, after netting off the difference, my account achieved a positive ROI.

And that’s why engaging a PAMM trader like Cooper Markets have its many advantages. They have professional traders with the right discipline to spot winning trades. Plus, they stick religiously to their trading rules.

You’ve probably heard that successful traders can remove emotions from their trading. Well, that’s because they’ve perfected their trading formula through years of trial and error… to develop a specific set of rules that generates maximum profits.

So, untrained and inexperienced investors like me and a few other PAMM investors can reap the reward of their years of hard work. Here are a few of the proprietary rules they shared with us…

The Top 5 Cooper Markets Forex Rules for Maximising Profits and Minimising Losses

1. A 1-2% Take Profit (TP) or Stop Loss (SL) rule for every order – they adopt a small win and losses strategy though the trader will decide whether to hold the position for a higher TP.
2. A 0.3-1.0 secure trading lot size – the strategy here is to rely on smaller lot sizes for consistent gains.
3. Only short term day trading – there’s never an overnight order which ensures that the traders are monitoring every open order.
4. No big news events orders – due to unforeseen market behaviour during big events like the US elections, the traders won’t carry out any trade on big event days.
5. Maximum of 2 floating orders at any one time

There are a couple more rules they revealed but these were the top 5 rules that I liked.

No doubt some may say these rules are restrictive and could potentially limit more potential gains… but in a speculative market like the Forex market, I find they protect beginners.

A seasoned trader could probably make a higher return trading on their own… but since most online experts agree it takes at least 5 years to breakeven and 10 years to get good at trading…

Personally, I don’t have the time or knowledge to create my own winning trading formula. And since they’re already performing superbly, it’s only logical to leave it to the pros.

But as an interested investor, you’re probably thinking…

What is a PAMM Trading Account and Why will They Trade for Newbie Investors like Me?

A financial advisor could probably explain better but here’s my layman understanding…

PAMM is short for percentage allocation money management. Think of it as a pooled form of forex trading or mutual fund. The trader then uses this pooled fund to trade on behalf of the investors.

If you’re familiar with copy trading, it works in a similar concept except, with copy trading, you have to execute the trades yourself. This could lead to a delay in the execution or having a different spread from your broker that reduces the gains within each trade.

With a PAMM trader, they handle all the nitty-gritty for you. Whether that’s choosing the currency pair to trade, how much to enter, when to enter, the target price to exit etc.

Naturally, there’s a cost or fee to this…

Because in return for generating a monthly profit, they’ll take a cut or a commission.

For Cooper Markets, every month, they take a 30% commission from the total profit. So, on the last trading day of each month, 30% of the profits is deducted and the balance is transferred back to my profit wallet.

The goal for PAMM investor like us is therefore to find a profitable trading team. Results are all that matters.

Perhaps you’re thinking that a 30% commission is quite high a fee.

Well, to that I got to say… I don’t have the skills to generate that returns from the Forex market on my own. So, paying a commission for a professional to invest on my behalf and generate profits is more than fair.

After all, if I had left that same amount in the bank, I’ll only earn a measly 0.5% interest at the end of the year I think.

And personally, having invested in other platforms and running different advertising accounts for some of my other businesses…

When it comes to investment, it’s the ROI that matters.

In fact, when I compare it to my unit trust account, I pay my investment account manager a 1.5% commission for every trade (regardless of whether it’s profitable or not) and I make about a 4-5% year-on-year ROI.

That’s a 5% returns at the end of the year with my unit trust.

Here we’re looking at 6-10% ROI every month and if you understand about the compounding effect of money, this makes a huge difference.

But While I Love The Results I Do Foresee a Major Potential Problem

I’m going to assume that like me, you’re not a seasoned Forex trader.

In fact, I was especially nervous during my first month investing. Not only was I still skeptical of the results, I was entrusting my hard-earned money to a fund trader.

It’s funny actually when I think about it now because I do invest in mutual funds and a couple of other instruments and I’ve already seen my friend’s 3-month’s results before starting. Yet, I guess it’s just my natural conservative instinct to worry unnecessarily.

Furthermore, the platform allows you to withdraw the money you put in at any time but because it isn’t a conventional trading platform… investing without any guidance here can be confusing for some people.

Especially after their first month when the returns come in, they’re not sure whether to draw it out, reinvest it, or leave it in the bank. The mistake most people make is they draw out too much of their monthly returns inadvertently delaying their million-dollar target.

Instead, by first setting out a clear financial target you’ll have a crystal clear direction on how to achieve your personal goals that much faster. You no longer have to guess as you know how close your goals are and what to do come every month end.

That’s why, to help more beginners achieve their goals, I’ve created a forecasting spreadsheet that plans out your Forex journey on this platform.

All you have to do is key in your starting capital, your desired lump sum amount, and your desired monthly income.

Once you’ve done so, it gives you a forecast of how soon you can achieve each of these goals assuming we continue to achieve consistent 10% returns each month.

But that’s not all…

The truth is, investing sometimes is a rather lonely journey.

Going In Together

Not all your friends or peers might be investing in any sort of financial instrument. Some might even choose to avoid it altogether.

That’s why I’ve spoken with a good friend of mine, the same person who introduced me to this platform… and we’re in the midst of creating a group for like-minded individuals.

The aim of this group is not just to review our trading performance…

But also to plan and work togethers our individual financial goals.

This way if you ever have any questions or need advice with your account, there’s a group you know you can always turn to. Plus, we will continue to post our results as well as a unique “1-2, 1-10” strategy for maximising your returns.

Want to be a part of this Group and Receive a Copy of my Financial Forecasting Spreadsheet?

Simply click here to create a Cooper Markets account. Make sure to include my Gmail as the Sponsor ID and complete your registration. You will need to include your verification documents and also sign a letter of authorisation.

The only payment you’ll need to make is the amount of capital you want to invest. Because as I mentioned earlier… this service is completely on a commission basis. So, you only pay when they help you earn a profit.

To transfer your starting capital, there are preferred banks that don’t incur an admin fee, for Singapore I used OCBC. The minimum investment amount is $100 USD though I recommend starting with $1,000 if you can afford it.

In fact, even if you can afford more, I strongly suggest just starting at $1k, at least for the first month. This is important to familiarise yourself with the platform and see the returns for yourself.

The challenge most new investors have once they’ve come onboard is that by the second month, they’ll start pumping in more funds. I will be the first to admit that it is extremely tempting once you’ve seen the ROI for yourself.

But that being said, I would like to stress again that investing always carries risk and you should never invest money you can’t afford to lose.

How Much to Start Investing?

And that’s why I recommend $1,000 USD as a starting capital.

Because for most people this isn’t too BIG an amount to the risk and it shouldn’t affect them too much financially. If they can’t even afford $1,000 USD, then my recommendation to them is not to invest in any investment right now but focus on growing their savings instead.

Instead, if this amount is an affordable amount for you, let me briefly share how quickly your money can grow with a monthly 10% ROI.

Within 12 months, compounding at 10% each month, a $1,000 USD capital would potentially grow to $3,138.43. A decent amount but nothing too fanciful. Yet.

By 24 months, that same $1K capital would now be $9,849.73. Still fairly decent but it’s about to get really interesting…

By 48 months, your capital would potentially be $97,017.23. That’s just 4 years with $1,000 and it has already exploded. Imagine if your starting investment was $10,000 instead?

Now you see why most investors get super excited and start thinking of pumping in more funds by their second month?

Once again, I prefer to err on the side of caution and remind you that investing has risks. So while it is tempting to start with a larger capital in the beginning… my personal recommendation is to start with $1,000. at least for the first month.

It’s also important that you stay invested for the entire month as the average of 10% monthly ROI is based on a month to month basis. We’ll explain more about this in the group as well as a couple of our own mistakes that actually reduced our first couple of month’s profits which you can easily avoid.

So, to get started, click on the button below, sign up for an account. Then after you have registered, drop me an email at investing@markjonathanseet.com and we’ll email you the spreadsheet.

Once your account is approved, we’ll add you to our group and it’s going to be an exciting journey.

=== Important Warning ===

Updated: 11 June 2021

A quick update for anyone reading this and still considering CP Markets…

So, as of yesterday evening (10 June 2021), according to CP Markets, there was a system glitch which resulted in 2 open trades…

Nothing wrong with open trades right?

Well, this open trade resulted in a 50% loss… each…

That means the account is currently now at a deficit.

We’re still waiting to get updates from their side whether this is coverable by their insurance which will recover some of the capital…

But there’s a couple of learning points here…

1. As with any investment, there is always the possibility of losing everything for any reason
2. Never invest in anything with money you can’t afford to lose
3. Always diversify… nothing ventured nothing gained but it doesn’t mean going all in

As someone who regularly advertise using Facebook or Google, it’s quite common to invest and not get any returns… but that’s with ads… and it’s usually part of the learning process.

In addition, I diversified in different platforms and this… let me repeat again is money I was prepared to lose… so I wasn’t terribly affected.

Still… while it wasn’t a lot of money… a loss is always upsetting…

Thankfully, I’ve been testing another forex platform which I’ve reviewed recently as well… we’re still monitoring it…

But between the two, we’ve found it to be much better in terms of user experience, customer service, and their trading rules.

In fact, Gary and I decided to create a separate blog to specifically write about this platform which you might want to check out.