Company News.

Based on statistical data obtained during the evaluation of iPAMM-Managers’ performance, starting December 28, 2015 UBK Markets launches 3 changes in the trading conditions of iPAMM-Manager account and in the rules for calculating the Traderank index. These changes will allow iPAMM-Managers to improve trade efficiency and thus make it easier to obtain compensation.

1. Dynamic calculation of the maximum Stop Loss value. We have introduced a new option for the iPAMM-Manager account in iPro Marketplace trading and analytical platform– an option of the dynamic calculation of the maximum Stop Loss value. It is a system parameter and is installed automatically when you open a trading position. The Stop Loss setting cannot be cancelled; however iPAMM-Managers can modify its value, but only in a downward direction from the maximum value set by the system. The maximum value of Stop Loss level for the upcoming trading week is calculated based on the analysis of market activity and potential risks aimed at determining possible points of entry to the market.
2. Commission for the iPAMM-Manager account. The commission is introduced during the calculation of financial results on each trade of iPAMM-Manager due to a new opportunity to invest in certain iPAMM-Managers which will be provided in the near future. To avoid miscalculation of the iPAMM-Managers’ trading results, it is required to synchronize the commission. For the iPAMM-Manager account this deal parameter is specified in pips.
3. Number of simultaneously open positions. Based on the strategy analysis of successful iPAMM-Managers UBK Markets came to the conclusion that 95% of iPAMM-Managers opened simultaneously no more than two trading positions on one currency pair that led to an increase in the Traderank index and in receiving stable income. Those iPAMM-Managers who opened more than two trading positions have increased risk level and thus have reduced the predictability of their financial results. We believe that the trend which was followed by a majority of successful iPAMM-Managers should become an obligatory component of the overall iPAMM-trading strategy. Therefore, we introduce a rule under which you can simultaneously open only two orders on one financial instrument.

Changes in the rules for calculating the Traderank index

The experience mentioned above shows that rules for calculating the Traderank index contain many provisions, following which iPAMM-Managers can hardly get a higher position in the ranking due to a large number of restrictions on their trading strategies. Solely for its Customers, the Company improves assessment principles of iPAMM-Managers’ trading – principles that were laid down in the Traderank index calculation. Consequently, it will become easier for iPAMM-Investors to analyze the quality of iPAMM-Managers’ trading in the future and to create from them efficient investment portfolios.

Invalid rules of Traderank index calculation

The updated rules on how to calculate Traderank index will contain the invalid requirements on the application of the pipsing strategy. Now you can make trades with profit less than an average daily value of spread, including the commission.

In addition, we abolish the existing recommendations to set Stop Loss and Take Profit parameters and introduce new rules stated bellow.

Updated conditions to improve Traderank index value

The Company establishes 5 rules that promote an increase in Traderank index value. Building the trading strategies according to these rules, iPAMM-Managers can improve their positions in the ranking and increase the amount of their potential profit as well as the degree of iPAMM-Investors’ confidence in the updated concept of iPAMM technology.

1. Consistency and predictability of trades. Your trading should be predictable and consistent. It means that you should not make trades randomly. Try to be consistent and systematic while making trading decisions. Random trading will lead to a lower Traderank value. We do not restrict iPAMM-Managers in a number of trades; however, within 4 trading weeks you should make at least 15 trades. Otherwise, you will be excluded from the iPAMM-Manager Ranking until you resume your trading activity.
2. Trading with a dynamic calculation of Stop Loss parameter. With the introduction of the system-defined Stop Loss, the risk management made previously by an iPAMM-Manager will require some adjustments. For this purpose, the Company has adopted three recommendations to simplify the risk management:

   а) Try to avoid the price fall towards a Stop Loss level set by the system. Otherwise, your Traderank will be lowered.

   b) When you close unprofitable positions without using a Stop Loss set by iPAMM system, the Traderank index increases, in case the profit is seen as positive by a balance value.

   c) When you close unprofitable positions without using a Stop Loss set by iPAMM system, the Traderank index does not change, in case the profit is seen as negative by a balance value.

3. No trade series. The opening of two trades on one currency pair in one direction leads to the Traderank reduction. Certainly, you can increase the profit by creating the second order before the closure of the first one, which will attract iPAMM-Investors aimed at getting a high profit. However, the system will consider it as an additional risk and will cause a position drop in the ranking.
4. Ratio of profitability to the holding time of trading position in the market. According to this rule you should earn more pips in less time. You should handle the lifetime of trade in order to close it with maximum profit. In such a way your Traderank will increase.
5. No trades copying of other iPAMM-Managers. If an iPAMM system identifies the trades copying in your trading account, it will correspondingly reduce your Traderank index value.

General recommendations. The system closes automatically all open orders of iPAMM-Managers at the end of each trading week, on Friday, at 17:00 UTC. Please try to close orders on your own on Friday before 17:00 UTC, as in this case our algorithm will determine your trading decisions as consistent. Planning your actions always influences positively the evaluation of your trading strategy by the system that increases the Traderank value. 

We are confident that our changes and innovations will give iPAMM-Managers access to additional opportunities in trading that will improve its quality and the final result.

In connection with New Year and Christmas holidays in the period from the 24th of December to the 4rd of January, the trading schedule of Forex market will be following:

24 December — market closing at 18:00 UTC;

25 December — market is closed;

28 December — market opening at 00:00 UTC;

31 December — market closing at 18:00 UTC;

1 January — market is closed;

4 January — market opening at 00:00 UTC.

Please, take into account that in connection with the low liquidity and high volatility of the market, we may expect the change in trading conditions and increase in spreads, orders processing time and also in margin requirements.

The opportunity to take the iPAMM-Manager Test became available over one year ago. During this period more than 1 000 people have begun their activity as iPAMM-Managers, and their number grows constantly. Despite it, quite many talented traders who demonstrate a really high trading performance in their Live accounts have not yet received the iPAMM-Manager status. Having analyzed this situation, we came to a conclusion that one of the reasons was a need to pay the Registration Fee. In this regard, starting today UBK Markets changes the requirements for obtaining the iPAMM-Manager status. Now our Customers can take the iPAMM-Manager Test without the compulsory payment of the Registration Fee, as the only criterion to assess the Customers’ intention is to take the iPAMM-Manager Test, which is sufficient to confirm not only the Customers’ basic skills of trading, but also their serious, responsible and balanced approach to the decision-making. From now on to take the Test, you should log in to “My Account” and activate (free of charge) an additional option “iPAMM-Manager account”.

Due to the Registration Fee cancellation, the loyalty program "Bonus+25%"ends as well. The aim of this program was to compensate money of iPAMM-Managers, which they used to pay the Registration Fee.

Please also note since this news publication, the changes, the Company introduces in the rates and fees foreseen by the iBroker Partnership Program, come into force. In accordance with these changes, no extra compensation is charged as a fee from the amount the attracted Customer pays for the right to take the iPAMM-Manager Test. At the same time, the Company increases the percentage of compensation, which comprises 30% for the 1st Level iBroker Partners and 10% for the 2nd Level iBroker Partners. You can learn more about the changes in the compensation system visiting “iBroker. Rates and Fees” section of “My Account”.

We believe that new rules will help us to make Company’s services more accessible and the partnership with us more profitable.

The possibility of making transactions through iPro Marketplace trading and analytical platform was temporarily unavailable due to a failure in the Microsoft data center, which houses the Company’s servers. Our technical experts took measures in the shortest possible time to restore the platform functioning. This failure did not affect the Customers’ data. The Company apologizes for temporary inconveniences.

Starting from September 5, 2015 our Customers have an opportunity to use Net Payment service in their "My Account" section. This service helps to provide internal money transfers among all UBK Markets Customers!

While working on this service, we used the latest technology and proven solutions to provide the highest level of convenience to our Customers.

To transfer money you should make a few simple steps in "Internal Transfer" section of "My Account". It is enough to specify the recipient's email address and the amount to be transferred, and if necessary a protection code and the rest will be made by our system.

We understand that the introduction of this service was very important and even necessary for many of our Customers. Later on we intend to continue developing Net Payment service to create more opportunities for your effective activity!