What Are the Biggest Risks Traders Overlook in PAMM Accounts?

I’ve been studying how PAMM accounts work and noticed that most explanations mainly focus on the potential returns or convenience. But I’m trying to understand the less obvious risks — the things traders usually realize only after they’ve already invested.

For those who have experience with PAMM accounts:

• What risks did you not expect when you first started?
• Are drawdowns usually explained clearly by managers, or is transparency an issue?
• How do you judge whether a manager’s trading style aligns with your risk tolerance?
• Do high-performance histories often hide something important?

I put together some background notes while researching the topic, in case anyone wants to point out if I’ve misunderstood anything:
https://forexinfohub.com/pamm-account/

(Shared only for context, not promotion.)

Would really appreciate insights from people who’ve used PAMM or similar managed account setups.