The managed-accounts glossary: from PAMM to TARAZ

The vocabulary of managed accounts is the shared language of investor and manager; every ambiguity in that language turns directly into ambiguity in contract and expectation. This managed accounts glossary is the quick reference for that shared language: every term you see on account pages, in terms and in reports is explained here in a few simple lines, so you never make a decision by guessing. You do not need to read it from start to finish; whenever you meet a word somewhere, come back and find it here.

How to use this managed accounts glossary

The terms are arranged in five groups: the management methods, roles and account structure, money, settlement and fees, data and transparency, and guarding and safety. If you are looking for the meaning of a specific method, start with the first group; if you met a word while reading an account terms, it is probably in the third or fourth group. The fuller reference version is the PAMM Iran glossary, and every method has its own complete guide in the methods catalogue.

The management methods

• PAMM: several investors capital is pooled in the manager master account and everyone owns a “share” of the whole; profit and loss are split pro-rata at the end of each period. The most common and oldest collective management method.
• MAM: multi-account management; the manager trades across several accounts, but every investor has their own separate, independent sub-account and the result lands only on that sub-account.
• LAMM: an allocation style in multi-account management with a “fixed volume”; every manager trade is replicated into your account at a pre-set number of lots, independent of your capital size.
• RAMM: an allocation style with a “risk multiplier”; your trade volume is a percentage of the manager volume that you choose yourself, scaling profit and loss by the same ratio.
• CAMM: PAMM Iran proprietary cross-broker copy trading; the manager trades are replicated onto your account even across different brokers, without handing over any password.
• GAMM: rule-bound management; before starting, the manager commits to defined rules (such as a mandatory stop-loss), and every breach is recorded and published in a “breach log”.
• DAMM: dedicated management on a mirrored account; it gives the traditional dedicated-management experience without handing over the master password, and account authority and control stay with you.
• SAMM: several managers on one of your accounts, each in their own isolated “slice” with separate volume and loss caps; each manager result is calculated independently of the others.
• Copy trading: a source trader trades are automatically replicated onto your personal account; control and disconnection are in your hands at any moment.
• Smart basket: a weighted layout of several published accounts that you choose and adjust yourself to build diversification; it is not a fund and no money is pooled anywhere.

Roles and account structure

• Account manager: the trader who trades their own and investors capital and answers for their published record and announced terms.
• Investor: the owner of money who entrusts management to a manager; in all PAMM Iran methods, their account password and authority stay with themselves.
• Master account: the manager central account where trades happen first and the other structures are split or replicated from.
• Sub-account: each investor separate, independent account in methods like MAM and LAMM/RAMM, where the result lands only on that account.
• Mirrored account: the mirror version of your account in the DAMM method, through which the manager trades without ever having your master password.
• Slice: in SAMM, each manager isolated share on your account with its own volume cap and loss cap; one manager slice cannot affect another slice.

Money, settlement and fees

• Share: your unit of ownership of a PAMM account pool; profit and loss are calculated by this share, not by the number of people.
• Settlement period: a defined interval (for example weekly or monthly) at whose end the period result is calculated, profit and loss are split, and the entry and exit window opens.
• Entry and exit window: the defined times when you can join an account, increase your share, or request an exit; outside them, the account cycle is closed.
• Minimum capital: the smallest amount each account sets for joining; it differs from account to account and is written on that account page.
• Performance fee: the manager share only of profit actually made, at that account announced percentage; if there is no profit, there is no performance fee either.
• High-water mark: the rule that the manager is paid only on profit above the previous peak; recovering an earlier loss earns no fee a second time.

Data and transparency

• Record (track record): the recorded performance history of a manager or account; its value is in its source, not in its length or beauty.
• Live data: a direct read-only connection to the manager account that reads balance, equity and trades at that very moment from the account itself; the highest level of trust.
• Statement: the official trading-terminal export whose account number the system matches, separating deposits and withdrawals from profit and reviewing it.
• Declared returns: a figure the manager states themselves with no independent review performed on it; always separated from verified figures with a “declared” label.
• Investor password: the read-only account password that only allows viewing; no trading, no withdrawal, no setting change. Giving it to an evaluation system is safe.
• Drawdown: the distance of the account value from its highest point to its lowest point in an interval; the main criterion for measuring the real risk of any record.
• Time-weighted return: the standard return-calculation method that removes deposits and withdrawals so only trading performance is measured, not the account growing with fresh money.

Additional words you will hear often

• Host broker: the broker where the manager master account and the investors sub-accounts live; choosing any managed method is simultaneously choosing the host broker.
• Audit: the independent review of an account record and data by a mechanism or an expert; its result sits beside the record so the numbers are not only the manager word.
• Manager ranking: ordering accounts and managers on sourced data (return, drawdown, record length and data authenticity); a ranking without a source is advertising, not ranking.
• Authenticity score: the score summarising the quality and trustworthiness of an account data; built from live connection, a mandatory stop-loss and a breach-free record.
• Test period: starting with a small amount and a conservative setting for several weeks or periods, so the real behaviour of the manager or method is seen on your money before increasing capital.

Guarding and safety

• Separ (the Shield): the module that reviews equity in real time and requests hedging before danger caps are crossed, to rescue the account; specialised for prop challenges as the Prop Shield.
• Sanjesh: the analysis of a manager trading behaviour over time; it exposes style changes, volume jumps and deviation from their previous personality.
• Taraz: escrow fee settlement; the manager share stays with the Taraz mechanism until the period result is clear, so splits happen precisely and without dispute.
• Trading emergency: the review of distressed-account cases and emergency intervention under pre-announced rules, when an account is in a critical state.
• Breach log: in GAMM, the published list of every time the manager crossed their own committed rules; the document an investor reads before joining.
• Accelerator badge: the mark of accounts that passed stricter filters (a verified record, high score and data authenticity, and a non-dangerous style); it is not a profit promise, it is quality data.

Two methods most often confused with each other

And LAMM and RAMM both sit under the MAM umbrella; their full difference is explained with a numerical example in what LAMM and RAMM are.

Frequently asked questions

What does “performance fee” mean? The manager share of profit actually made, under that account rules and usually with a high-water mark. If there is no profit, there is no fee; and loss is split by the same proportions.

What does “module coverage” mean? It means which platform modules a manager account uses; for example being under GAMM and Sanjesh review. More coverage means more supervisory and safety structure over that same account.

Can you explain the SAMM “slice” again? Each manager isolated share on your account, with its own volume cap and loss cap. Several managers work simultaneously, but none can step outside their own slice cap and harm the other slices.

Which method suits me best? The answer is in “you”, not in the methods: capital size, the amount of control you need, your current broker, and risk tolerance. The methods guide places exactly these four variables beside every method; after reading, start the comparison from yourself, not from each method advertising.

I saw a term that is not here; what should I do? First see the full glossary version in the help centre, then the guide of that same method. If it is still missing, ask support; users frequently asked questions are exactly what builds the next versions of this glossary.

The bottom line

Keep this managed accounts glossary beside you like a cheat sheet: before accepting any terms, check their words here. When the shared language is clear, half of investor–manager misunderstandings never happen at all. The next step is reading the guide of the method that matches your conditions and seeing its live accounts in the trading accounts list.