PAMM Account Forex Brokers

Forex trading has come a long way, and today, there are millions of people trading forex within a 24 hours cycle all over the world. One common forex account used by forex traders is a PAMM account forex trading account. This account is offered by PAMM account forex brokers to traders interested in PAMM trading. In this article, we will explain what a PAMM account is and reveal some of the best brokers who offer traders access to this account.

Top Brokers With The Most Profitable PAMM Account

Broker
Rating
Regulated
Bonus
Min. Deposit
Max. Leverage
1.
Avatrade

ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

up to 40% bonus

$100

400:1

Review » Sign up » Sign up
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2.
Blackbull Markets

ASIC, VFSC

$10 000 demo

$50

500:1

Review » Sign up » Sign up
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
3.
FXCC

VFSC, CySEC

100% bonus

$10

500:1

Review » Sign up » Sign up
Terms & conditions apply
Your capital is at risk.
4.
Fusion Markets

ASIC, VFSC

N/A

$100

500:1

Review » Sign up » Sign up
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.
easyMarkets

CySec, ASIC, BVI

up to 50% bonus

$100

400:1

Review » Sign up » Sign up
Terms & conditions apply
Your capital is at risk.
6.
Vantage FX

FCA, ASIC, CIMA, SIBL

up to 50% bonus

$100

500:1

Review » Sign up » Sign up
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
7.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

up to 10% credit bonus

$100

500:1

8.
Deriv

VFSC, FSC, IBFC

N/A

$5

1000:1

Review » Sign up » Sign up
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
9.
Plus500

ASIC, FMA, FCSA, FCA, CySEC, MAS, FSA

€25 no deposit bonus

$100

30:1

10.
LegacyFX

CySEC, VFSC, NBRB, FCA

N/A

$250

200:1

Review » Sign up » Sign up
Terms & conditions apply
Your capital is at risk.

What is a PAMM Forex Account?

A PAMM account simply means Percentage Allocation Money Management Account. This account allows you to make a deposit into your trading account, and the funds will be managed by a fund manager on your behalf. Meaning that the manager will place trades for you while you share part of the profits should the trade turn out to be profitable.

PAMM managers manage hundreds of accounts and distribute profits to account holders based on their investments and the percentage of profits made. In a similar vein, losses are distributed equally as well. Once you open a PAMM account, you will be assigned a manager to manage it on your behalf.

Today, there are many brokers offering PAMM accounts to interested traders, and these are some of the best PAMM account forex brokers online.

IC Markets

IC Markets Logo
This is one highly recommended broker to open a PAMM account with. IC Markets started offering PAMM accounts in 2012. Their allocation methods are very flexible and easy to understand. Once you open an account with them, you will be furnished with regular updates about trading performance, commission and any other vital information. IC Markets have some of the best advisors with proven years of experience.

You enjoy fast executions, great spreads and pips starting from 0 if you have a RAW account. IC Markets is transparent, and you can enter a trade with only a click of a button. They also have a few proprietary trading platforms, as well as MT4 and MT5. This broker is regulated by CySEC and ASIC.

IC Markets Logo

Min $200 Deposit

Regulated By: FSA, ASIC, CySEC

Foundation Year: 2007

Headquarters: Sydney, Australia


Terms & conditions apply
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pepperstone

Pepperstone Logo
Pepperstone has grown to become one of the biggest brokers in the world. This Australian broker also offers traders PAMM accounts. Pepperstone’s PAMM has many features and benefits, one of which is the fact that you will always have access to your funds. Pepperstone is liberal and allows traders to use different strategies like scalping, hedging and the likes. Their managers have also experienced traders with years of success.

This PAMM account forex broker allows full control of more than 100 sub-accounts under one manager, and this number does not cause any market disruption of any kind.

Pepperstone is ideal for large PAMM traders, and you can use their MT4 and MT5 trading portals. The minimum trading amount allowed is 1 micro lot. They also have ZuluTrade, cTrader and cTrader desktops. Pepperstone is regulated by the FCS, CySEC, ASIC, DFSA.

Fpmarkets Logo

Min $0 Deposit

Regulated By: ASIC, FCA, SCB, CySEC, BaFIN, CMA, DFSA

Foundation Year: 2010

Headquarters: Melbourne, Australia


Terms & conditions apply
74-89% of retail CFD accounts lose money.

FxPro

FxPro Logo
Still looking for a reliable PAMM account forex broker? FXPRO is another notable name to consider. Their managers allocate money to trades based on the best possible outcomes and also offer investors comprehensive reports of trade performance. With FxPro, you will not be in the dark about how your investment is doing. All you need is to invest your money and wait for returns.

This broker also offers traded rebates which serve as an investment incentive for the trading public. They also operate a transparent commission policy, mark-up fee, performance fees that can be set by your account manager. Subsequently, funds are also allocated based on the proportional equity balance of individual accounts. FXPRO has MT5, MT5 and proprietary platforms like cTrader. Their activities are regulated by CySEC, FCS, FSCA and a host of other regulators.

FxPro Logo

Min $100 Deposit

Regulated By: FCA, FSCA, SCB, CySEC

Foundation Year: 2006

Headquarters: London, United Kingdom


Terms & conditions apply
86.32% of retail CFD accounts lose money.

AvaTrade

Avatrade LogoHolders of AvaTrade PAMM accounts can rest easy because this broker has a thriving network of experienced money managers. They use advanced automated strategies to place successful trades so their down liners can profit from. The Expert advisors on AvaTrade place large block orders without stress and are also allowed to implement different trading strategies.

Another unique feature in AvaTrade is the access for managers to create sub-trading groups to reflect the trading strategies they wish to implement. Accounts are allocated based on equity, lots and balanced percentages.

We also like the fact that you can start with a demo account to understand how the system works before funding your real account for live trades. The trading platforms available to traders include MT4, MT5, Mirror Trader and ZuluTrade. This broker is regulated by FSA, ASIC, IIROC, FSCA and others.

Avatrade Logo

Min $100 Deposit

Regulated By: ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

Foundation Year: 2006

Headquarters: Dublin, Ireland


Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

FP Markets

FP Markets Logo
FP Markets is also one of the best PAMM account forex brokers in the game, and many consider their platforms to be conducive for PAMM trading. FP Markets has been offering access to traders for close to two decades now, and they won the award for the best PAMM account services in 2005.

There are a host of trading tools available on the platform, and the expert advisors can use both PAMM and MAM accounts as they wish. FP Markets offers three different allocation methods, which are lot, percentage and balance accounts. These options offer the flexibility of choice, and they have no limits in terms of the number of accounts you can handle at a time. FP Markets is another excellent platform for high-volume PAMM traders. This broker is regulated by ASIC.

Fpmarkets Logo

Min $100 Deposit

Regulated By: ASIC, CySEC

Foundation Year: 2005

Headquarters: Sydney (Australia)


Terms & conditions apply
70.70% of retail CFD accounts lose money

Conclusion

Not every forex broker offers PAMM accounts but the best PAMM account forex brokers who do offer traders flexibility of choice. Before choosing a broker for this account niche, make sure you are well versed with PAMM trading. Then do your research to ensure the broker offers you all you require before opening an account with them.

PAMM Account Forex Brokers FAQs

Do all Forex Brokers offer PAMM Accounts?

No. Some brokers do not

How will I know if a broker offers PAMM Accounts?

This information will be boldly displayed under their account type section

What is the minimum deposit requirement for opening a PAMM account?

It varies from broker to broker. Some brokers have a $0 requirement while others have a $100 requirement

How are accounts allocated?

Most PAMM account forex brokers allocate accounts on the basis of balance, lot or percentages

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.