Finance Magnates is pleased to bring you another daily digest of news and updates from the retail forex world.

In this edition, FXOpen enhances its PAMM account service, Pepperstone introduces Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term via PayPal, and RoboForex allows all vetted clients unrestricted access to its Autochartist analytics tool.

FXOpen

FXOpen, an institutional and retail forex broker, has made improvements to the conditions of its PAMM (percent allocation management module) account service, which it launched in 2009.

The account type allows investors (dubbed 'Slaves' in PAMM terminology) to allocate funds to PAMM 'Masters' accounts. Profits and losses are then shared out among the investment accounts depending and in proportion to the amount they have invested.

Under the new conditions, there is a reduced minimum capital requirement for PAMM Masters, while slaves can now join multiple offers from different Masters.

The broker also provides a raft of tools to ensure full transparency and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. For example, investors are able to see a list of all PAMM Master Accounts, including their key financial parameters, such as total gain and maximum drawdown. Additionally, more detailed charts and analytical tools are available to delve into trade history, intraday trade reports and real-time updates.

Moreover, investors in PAMM accounts will enjoy a shorter trading interval of seven days, after which time profits and deposits can be withdrawn.

Pepperstone

In a first for Australian brokers, Pepperstone has announced that it now accepts payments via the worldwide online payments service, PayPal.

PayPal users will also benefit from a limited offer in which Pepperstone is waiving the funding fees for PayPal payments until the end of September, which amounts to a saving of 2.5%.

The new payment option represents the latest in a series of new developments for the Australian broker. In April, it introduced Direct Market Access (DMA) CFDs on both of its platforms, and further complemented its CFD offering in July with the launch of the Hong Kong 50 (HK50) and the Russell 2000 (US2000) CFDs.

RoboForex

Staying in the antipodes, New Zealand-based STP (straight-through processing) provider, RoboForex, has removed restrictions on access to its analytics service, Autochartist.

The tool allows users to choose methods that improve their technical market analysis, in order to help traders build and improve their trading strategies. Indeed, by analysing real-time price charts, Autochartist suggests to traders at what points to enter the market.

Its features and characteristics, now available to all vetted clients free of charge, include:

• Automatic chart analysis
• Tools to analyse volatility
• Trading signals generation
• Effectiveness statistics