making forex a business (PAMM ACCTS)

Hi, i am a profitable trader that can monthly make around 70-80% return on investment and looking to turn my skills to turn it into a business. I know that there is a thing called fund management through PAMM ACCTs.

anyone familiar with how PAMMS operate? i am looking to make it a business, where i can do following:

<> where i can trade my acct as pamm fund manager and Importantly i see my OWN BALANCE (not clients money)
<> and my trades get copied to accounts of my pamm customers (who join my pamm)
<> so on a given day i make 2% gain on my account it shud reflect 2% gain on every client (lotsize wise propotional)
<> end of day profit get distributed from my clients account to my for my performance fee of 35%
<> important thing is that i only c my own acct funds in my mt4... i dont want to see client funds when trading it throws me off on my risk calculation, so i just want to trade my account like i am already doing so, just that my trades get copied proportionally lot size based on amount my pamm clients invest.. i can attract probably 100-1000 clients.

does anyone know of any forex broker that offers this kind of PAMM service? its like trading signals-like thing but i just want broker to handle the "admin" side of daily distribution of profit.

If you know of any such brokers oor have better ideas, please let me know thanks

Regards,
GoopFX

Monthly 70-80% profit means account will be blown sooner or later.
I hope your trading system is OK. Money Management / Risk Management is
much more important than trading system.

There are lots of good PAMM brokers such as HotForex, FXOpen, FXPrimus, Swiss Markets, FXTM etc.

i dont think there is PAMM account that does daily performance fee deduction.
frankly, that would show how little faith the trader has to survive his own high high risk trading till the end of the month.
the shortest PAMM perfomance fee distribution i am aware of is monthly period.

you can set up your own copy trading, where you dont see client's funds, trade your own, and either charge them a fee per day/week/month, but collection wont be automatic. alternative you can sell your trading as a signal where it is paid for up front. but that doesnt much address the performance part.

Why would anyone subscribe to such an awful pricing model?

On any day that you make profits, 35% of this would get transferred to yourself at the end of the day. What happens on the day(s) you lose? Do you return some of the money you have already been paid?

With this pricing model, the client will always be losing. When you lose, the client loses, when you win, the client get to keep only 65%.

You must be smoking some real good if you think this is pricing model is in the long-term interest of any clients.

But first things first, lets see a 6 to 12 month verified trading record from you please.

With above, we can then undertake some basic math to show why this daily pricing structure would be such a poor deal for any client.

Thank you.

After some research:

Guys - do not be taken in.

GoopFX is GoodBoyFX (check out his previous profile on here - see link below)

https://www.forexfactory.com/showthread.php?t=575628

With regards to him being successful, attached is a screenshot of his last trading where he blew up 15-Sept-2017. He lost $50k over a day where he kept shorting gbpusd. What is worse, he left a negative balance on the account.

Also, proof that he is old GoodBoyFX from various sources on web.

Given your history, no wonder you want to get paid daily - you will likely destroy an account and then disappear.

As said in earlier post, please provide 6 to 12 month verified trading record.

Thank you