Forex Brokers Offering PAMM Accounts
- Written By thinkforexbrokers
- Updated:
Looking to trade but short on time and expertise? Opening a PAMM account with a trusted broker is an excellent solution for both investors and money managers. This managed account option is ideal for investors who want to enter the markets without trading actively themselves. To assist you in making an informed choice, we’ve put together a list of the top 10 brokers providing the best conditions for PAMM accounts. Explore our list to discover why these brokers stand out as the best options.
74-89% of retails CFD accounts lose money
73.85% of retails investor accounts lose money
Trading leveraged products is risky
74-89% of retails investor accounts lose money
74% of retail investor accounts lose money
Swissquote
61% of retail investor accounts lose money
70% of retail investor accounts lose money
Vantage FX
The vast majority of retail client accounts lose money
AvaTrade
76% of retails CFD accounts lose money
Forex Brokers Offering PAMM Accounts Ranked by Trustpilot Score
Forex Broker | Trustpilot Reviews | |
8,641 | ||
1,876 | ||
3,162 | ||
10,141 | ||
3,793 | ||
3,022 | ||
1098 | ||
7,440 | ||
655 | ||
3026 | ||
Top 10 Brokers with PAMM Accounts
1. FP Markets
FP Markets took the top spot on our list thanks to its institutional-grade liquidity, direct access to interbank pricing, and highly competitive spreads—providing both money managers and investors the opportunity to maximize value from their PAMM accounts. The broker’s PAMM offering is distinguished by its efficiency, flexibility, and excellent trading conditions. Clients benefit from reliable execution and advanced order management monitoring, ensuring greater transparency.
Adding to its appeal, FP Markets supports MetaTrader 4 (MT4), making its PAMM accounts even more attractive. Investment managers have the flexibility to customize trading conditions, including mark-ups, commissions, base account currencies, and performance fees. Combined with outstanding customer support and access to over 10,000 instruments, FP Markets clearly stands out as our top choice for PAMM account users.
CFDs are complex instruments that carry a high risk of rapid financial loss due to leverage. Approximately 72.92% of retail investor accounts lose money when trading CFDs with this provider. It’s important to carefully consider whether you fully understand how CFDs operate and whether you can afford to take the significant risk of losing your investment.
2. FxPro
FxPro claimed the second spot on our list due to its robust regulatory standing, wide range of products, and attractive conditions for PAMM account users. Skilled money managers benefit from the ability to customize commissions and performance fees, helping to optimize their earnings.
Eligible clients can manage their PAMM accounts through the acclaimed MT4 and MT5 platforms, which offer advanced risk management tools and various allocation methods including equity, lot size, and margin. Managers have the flexibility to trade manually or automate strategies using expert advisors, while also enhancing profits by earning rebates from spread-bet trades.
Trade responsibly. CFDs are complex instruments that carry a high risk of rapid financial loss due to leverage. Approximately 74% of retail investor accounts lose money when trading CFDs with this provider. It’s important to carefully consider whether you fully understand how CFDs work and whether you can afford to take the significant risk of losing your money.
3. Fusion Markets
Founded in 2019, Fusion Markets quickly gained attention for its low commissions, tight spreads, and favorable trading conditions. Regulated by ASIC, FSA, and VFSC, this broker offers excellent MAM and PAMM solutions through the powerful MetaFX platform, with no limits on the number of trading accounts clients can manage.
Fusion Markets provides flexibility for account holders to trade in mini, micro, and standard lots. Both managers and investors benefit from access to expert advisors and can allocate funds by percentage, equity, or lots. Trades carry an additional execution fee of 0.1 pip to cover the higher execution costs associated with the MetaFX platform.
Gleneagle Asset Management Limited (ABN 29 103 162 278), trading as Fusion Markets, is the issuer of the Fusion Markets Products mentioned in this communication. Trading Fusion Markets Products carries the potential for profit as well as the risk of loss, which may significantly exceed your initial deposit, and may not be suitable for all investors. You should carefully read the Financial Product Service Terms, Product Disclosure Statement (PDS), and Financial Services Guide—available on our website—consider your personal financial situation, needs, and investment goals, and seek independent financial advice before investing in these Fusion Markets Products.
4. AvaTrade
AvaTrade is a pioneering broker with over 18 years of experience delivering excellent trading conditions. Regulated across seven jurisdictions, including Australia and Cyprus, this reputable broker offers outstanding PAMM and MAM services tailored for money managers and investors seeking greater flexibility. Money managers can automate their trades using expert advisors and allocate funds based on balance, lot size, or equity.
There are no limits on the number of sub-accounts you can manage, and you can also create sub-groups for specific trading strategies. Minimum trade sizes start from a single micro lot, and PAMM accounts can be connected seamlessly to the popular MetaTrader 5 platform.
CFDs are complex instruments that carry a high risk of rapid financial loss due to leverage. Around 76% of retail investor accounts lose money when trading CFDs with this provider. It’s important to carefully consider whether you understand how CFDs work and whether you can afford to take the significant risk of losing your money.
5. Vantage FX
Holding multiple tier-one licenses, including one from ASIC, and featuring a transparent pricing model with spreads starting as low as 0.0 pips, Vantage stands out as an appealing choice for investors and money managers seeking favorable PAMM account conditions. PAMM accounts are accessible on both MetaTrader 4 and MetaTrader 5 platforms, providing flexibility in commissions and fees.
Investor onboarding is fully automated for ease, while money managers retain complete control over their trading strategies and decisions. They can also utilize expert advisors or trade through a user-friendly browser-based interface. Additionally, Vantage offers an impressive selection of over 1,000 instruments, all tradable with ultra-competitive spreads beginning at zero pips.
6. Pepperstone
Pepperstone has earned a strong reputation among traders who value security, transparency, and fair trading conditions. Operating under the reputable Pepperstone Group, the broker is licensed by financial regulators in Cyprus, the UK, Australia, and Dubai. It offers competitive spreads starting from zero pips across more than 1,350 financial markets, backed by reliable order execution and interbank-level liquidity.
As part of its Pepperstone Partners program, the broker provides PAMM and MAM accounts tailored for experienced money managers. These accounts feature flexible fee structures designed to accommodate diverse business models. Qualified clients can manage up to 100 sub-accounts simultaneously and connect their PAMM accounts to the popular MetaTrader 4 or MetaTrader 5 platforms.
CFDs are complex instruments that carry a high risk of rapid financial loss due to leverage. Approximately 75.5% of retail investor accounts lose money when trading CFDs with this provider. It’s important to carefully consider whether you understand how CFDs work and whether you can afford to take the significant risk of losing your money.
7. Swissquote
Swissquote brings over 28 years of experience offering competitive trading conditions across forex, stocks, commodities, indices, and other financial products. Regulated by FINMA, DFSA, CySEC, and FCA, this Luxembourg-based broker’s strong credentials are further reinforced by its parent company, Swissquote Group Holding Limited, which is publicly traded on Switzerland’s main stock exchange.
Experienced asset managers using Swissquote’s PAMM accounts enjoy flexible trade allocation options, smooth execution, and access to deep interbank liquidity sourced from more than 15 top-tier providers. Swissquote also stands out by allowing full hedging on PAMM accounts—an option rarely offered by other brokers. Additionally, MAM and LAMM accounts are available for traders seeking alternative managed account solutions.
CFDs are complex instruments that carry a high risk of rapid financial loss due to leverage. Around 61% of retail investor accounts lose money when trading CFDs with this provider. It’s important to carefully consider whether you understand how CFDs work and whether you can afford to take the significant risk of losing your money.
8. FXCM
At FXCM, traders have access to hundreds of competitively priced markets, including forex, CFDs, and spread betting. Licensed by CySEC, ISA, ASIC, and FCA, the broker offers a secure and highly regulated trading environment. FXCM utilizes advanced execution technologies to provide accurate pricing and low spreads, ensuring optimal trading conditions.
Asset managers can take advantage of FXCM’s cost-effective PAMM solutions; however, it’s important to note that currently only referring brokers (RBs) and introducing brokers (IBs) are eligible to open PAMM accounts. These products are not yet available to individual retail traders, though they may be introduced in the future.
CFDs are complex instruments that carry a high risk of rapid financial loss due to leverage. Around 70% of retail investor accounts lose money when trading CFDs with this provider. It’s important to carefully consider whether you understand how CFDs work and whether you can afford to take the significant risk of losing your money.
9. BlackBull Markets
BlackBull Markets earns its place among the top ten brokers for PAMM and MAM accounts by offering highly competitive conditions to both money managers and investors. Based in Auckland, this trusted broker serves thousands of clients across more than 180 countries, providing low-cost trading across an impressive 26,000+ financial markets with spreads starting at 0.0 pips and maximum leverage up to 1:500.
Eligible clients can access BlackBull’s PAMM/MAM services by logging in with their existing credentials, going to the Accounts tab, and selecting “Open PAMM/MAM Account.” The application review typically takes about one business day. These accounts are compatible with both the MT4 and MT5 trading platforms.
10. Axi
Our in-depth research shows that Axi ranks among the top brokers offering PAMM accounts, giving eligible clients the ability to manage an unlimited number of investor accounts. The broker supports PAMM users with six different fund allocation methods and provides powerful tools for detailed performance monitoring.
Axi’s PAMM solution operates on the FYNXT platform, developed by the Singapore-based company of the same name. Investors can choose from a variety of strategies and a broad selection of experienced asset managers, making these accounts suitable for investors across all levels of experience and expertise.
CFDs are complex instruments that carry a high risk of rapid financial loss due to leverage. The vast majority of retail client accounts lose money when trading CFDs. It’s important to carefully consider whether you understand how CFDs work and whether you can afford to take the significant risk of losing your money.
Comprehensive Comparison of the Top 10 Forex Brokers Offering PAMM Accounts
Forex Broker | Min Deposit | Account Types | Markets | FX Pairs | Spread | Commission | Platforms | Trust Pilot Rating |
$50 (AU$100) | Standard, Raw, Demo, Professional, Islamic | Forex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDs | 70+ | 1.0 pips Standard; 0.0 pips Raw | $0 Standard Account; $6 round turn on Pro Account | MT4 | ||
$0 (Standard) $2,000 (Prime) $20,000 (Institutional) | ECN Standard, ECN Prime, ECN Institutional | Forex, Commodities, Futures, Indices, Stocks, Cryptocurrencies | 70+ | 0.8 pips Standard; 0.1 pips Prime; 0.0 pips Institutional | $0 Standard; $6 per lot Prime; $4 per lot Institutional | MT4 | ||
$0 | Zero, Classic, Islamic, Demo, Professional | CFDs, Commodities, Indices, Crypto, US Stocks | 80+ | from 0.9 pips Classic; from 0.0 pips Zero | $0 Classic Account, $4.50 round turn on Zero Account | MetaFX | ||
$100 | Retail, Professional, Islamic, MAM | Forex, Major stock indices, Cryptocurrencies, Commodities, Bonds, Individual Shares, ETFs | 50+ | From 0.9 pips (retail), 0.6 pips (pro) | $0 | МТ4, МТ5 (with Expert Advisors) | ||
$0; $5 (EU and UK) | Standard, Elite, Professional, Demo, Islamic | Forex, Stocks, IPOs, Indices, Commodities, Cryptocurrencies | 80 | From 0.0 pips (Elite and Pro Accounts), 0.9 pips (Standard Account) | $0 on Standard Account; $7 round trip on Pro Account | MT4 | ||
$0 | Standard Account, Razor Account | Forex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFs | 90+ | From 0.0 pips (Razor Accounts), 1 pip (Standard Accounts) | $0 (Standard Account), $7 round-turn (Razor Account) | MT4, MT5 | ||
$100 | Standard Account, Raw+ Account, Elite Account, cTrader Account, Edge Spread Betting Account | Forex, Shares, Energy, Indices, Futures, Metals | 70+ | 0.0 pips (Raw, Elite), 1.2 pips (Standard) | $0 on Standard Account; $3.5 per side on Raw+ and Elite Accounts | MT4, MT5 | ||
$50 ($10,000 for Pro ECN accounts) | Standard, Cent, Pro, Raw | Forex, Indices, Commodities, Shares CFD, ETFs, Bonds | 60+ | 1.1 pips on Standard Account; 0.0 pips on Raw, Cent, and Pro Accounts | $3 per side on Raw; $1.50 per side on Pro | MT4, MT5 | ||
$50 | Retail, Professional | Products, Forex, Shares, Indices, Commodities, Cryptocurrencies | 40+ | From 0.0 pips | $0 | MT4 | ||
Standard Account: $1,000; Premium Account: $10,000; Prime Account: $50,000 | Standard, Premium, Professional, Prime | Forex, Commodities, Stocks, Crypto, ETFs, Bonds, CFDs, Options, Futures, Mutual Funds, Indices | 80+ | From 1.7 pips (Standard), 1.4 pips (Premium), 1.1 pips (Prime), 0.0 pips (Elite for EU customers) | $/€0 on Standard, Premium and Prime Accounts; $/€2.5 per side per lot for Elite Accounts | Swissquote Live Platfrom, MT5 |
PAMM Accounts Explained in Short
PAMM (Percentage Allocation Money Management) accounts are an ideal choice for individuals who want to invest in forex and other markets but lack the time or expertise to trade themselves. They also benefit experienced traders looking to leverage their skills. With a PAMM account, multiple investors pool their funds and authorize a skilled trader or asset manager to trade on their behalf.
A money manager operates a single PAMM account on behalf of multiple investors, combining all contributions into one balance. Profits and losses are then distributed proportionally based on each investor’s share of the pool.
Funds can be allocated by percentage, fixed amount, or lot size. This automated trading approach offers advantages for both sides: investors gain access to professional management without needing to actively trade, while money managers earn fees whenever they close profitable trades.
Example of How PAMM Forex Trading Accounts Work
For those new to forex trading, PAMM accounts can be tricky to understand. Let’s break it down with a simple example.
Imagine three investors — Sam, Daniel, and Tilk — choose Jack as their asset manager. Jack charges a 15% fee on all profits. The total pooled investment is $10,000, with contributions as follows:
Jack invests $3,000, owning 30% of the pool
Sam contributes $2,500, which is 25%
Daniel adds $2,300, representing 23%
Tilk puts in $2,200, or 22%
After the first month, Jack makes a 20% profit on the total pool, increasing it by $2,000 to $12,000. From this $2,000 profit, Jack deducts his 15% fee — $300. The remaining $1,700 is distributed to investors according to their shares:
Sam earns $425 (25% of $1,700)
Daniel receives $391 (23% of $1,700)
Tilk gets $374 (22% of $1,700)
Jack keeps $510 (30% of $1,700)
After fees, the total pool grows from $10,000 to $11,700. Happy with Jack’s performance, the investors decide to continue without withdrawing profits.
Unfortunately, in the second month, Jack loses 10% of the pooled funds — a loss of $1,170 — and earns no commission. The pool decreases from $11,700 to $10,530. Each participant’s share drops by 10%:
Sam’s share falls by $292.50 (10% of $2,925)
Daniel loses $269.10 (10% of $2,691)
Tilk’s share decreases by $257.40 (10% of $2,574)
Jack loses $351 (10% of $3,510)
Now, with the pool at $10,530, the investors must decide whether to stick with Jack, switch to another manager, or adjust their shares while continuing with him.
Costs Associated with PAMM Accounts
Investors pay performance fees to asset managers who trade on their behalf, and these fees can vary widely depending on the manager and the platform hosting the PAMM account. Typically, performance fees are charged as a percentage of the net profits generated during a single trading period, usually lasting one month.
As demonstrated in the earlier example, asset managers don’t earn fees if the account ends the trading term at a loss. Leading brokers often do not charge any commissions or fees for providing PAMM accounts. However, investors should be aware of other potential costs, including spreads embedded in trades, round-trip trading commissions, and fees related to account funding.
Other Common Types of Managed Trading Accounts
MAM and LAMM are two other common types of managed trading accounts offered by many online forex brokers.
MAM stands for “Multi-Account Manager” and is quite similar to PAMM, allowing asset managers to trade on behalf of investors. However, MAM accounts offer greater flexibility: investors can adjust trading strategies, close positions, or even trade independently within their accounts. This level of control contrasts with PAMM accounts, where investors have no influence over the asset manager’s trading decisions.
LAMM, or “Lot Allocation Management Module,” is less common but available with brokers like Swissquote. Unlike PAMM and MAM, where fund allocation is based on percentages, LAMM allocates funds by lot size. Profits and losses are also distributed in lots, with each investor choosing their lot size.
A key difference with LAMM is that investors don’t transfer funds to the asset manager. Instead, they register their own accounts and link them to a manager’s strategy. The investor’s funds remain separate, and the manager’s trades are automatically copied to the investor’s account at the same volume, requiring the investor to maintain sufficient balance to support these positions.
Setting Up a PAMM Account
Creating a PAMM account is generally a straightforward process for those who meet the eligibility requirements. Most brokers require investors to first open a standard trading account, complete identity verification, and fund their live account. After that, investors can apply for a PAMM investor account either directly through their dashboard or by contacting customer support. Once approved, they select money managers to trade on their behalf and decide how much capital to allocate to each.
For experienced traders wanting to become money managers, the process is similar but involves applying for a PAMM manager account instead of an investor account. After registering with a broker, you access your live account dashboard, select the “PAMM Manager Account” option, and complete the application. Approval typically takes one to two business days.
Once approved, money managers set their performance fees, which are charged on profits earned for investors. Managers then share their portfolios publicly so potential investors can review strategies, trading history, ROI, and performance ratings. Strong performance helps attract more investors. Importantly, the brokers we recommend do not limit the number of investors who can follow a money manager.
How Can Traders Choose the Correct Account Manager?
While we’ve focused mainly on PAMM accounts from the perspective of account managers, it’s equally important to understand the investor’s role in this setup. Investors looking to join a PAMM account should carefully evaluate potential account managers to find one who can handle their trades successfully and align with their personal goals.
Here are some essential steps every investor should take before entrusting their funds to a PAMM manager:
1. Due Diligence:
Investors should explore the variety of PAMM accounts available, considering their budget, preferred strategies, and risk appetite. Conduct thorough research on each account manager’s background and offerings.
2. Strategy and Risk Alignment:
Different managers have different trading styles. It’s crucial to ensure that the manager’s strategy fits your investment goals and that their approach matches your tolerance for risk.
3. Fees and Costs:
Performance fees are commonly charged by account managers based on profits generated. Comparing fee structures across PAMM accounts can help you choose a manager with competitive costs, maximizing your potential returns.
4. Experience and Track Record:
Review the manager’s trading history, including their successful and unsuccessful trades, overall experience, and performance metrics. This transparency is vital in assessing whether they are a reliable choice.
By following these guidelines, investors can make informed decisions and increase the likelihood of a profitable and efficient PAMM trading experience.
Advantages and Disadvantages of Opening PAMM Forex Account
PAMM accounts are an excellent option for individuals seeking passive income by leveraging the expertise of skilled and successful traders. Investors gain access to extensive databases of experienced money managers, allowing them to compare performance, strategies, and risk profiles to make well-informed decisions on whom to follow. Regularly updated performance analytics help investors objectively identify the managers best suited to their goals.
Investor funds are kept separate from those of asset managers and other investors. Money managers have no access to withdraw or manipulate investor balances, ensuring the security of your capital. Many managers charge reasonable performance fees, enabling investors to generate income without dedicating significant time or effort to mastering the markets themselves. The main drawback is that investors have little to no control over the trading decisions made by their chosen money managers.
For money managers, PAMM accounts offer a way to earn additional income through performance fees. Aside from the usual spreads and trading commissions, managing a PAMM account typically incurs no extra costs. This setup provides a valuable opportunity to grow a trading business efficiently without incurring substantial overhead.
Managers retain full control over their trading decisions, with their strategies kept confidential and protected as intellectual property. There is no limit to the number of investors who can follow a single manager, meaning the more investors you attract, the greater your potential earnings from performance fees. However, on the downside, managers risk losing investors if they incur losses, especially after multiple months of underperformance.
