A Pamm system uses a management model that distributes trade sizes and allocations of client trading funds based on trader contributions. A pamm account forex brokers also allows traders to allocate a percentage of their trading account funds to one or more additional account managers for Pamm trading. This means that through the account managers, the individual investor has the opportunity to invest in the trading strategy and receive potential gains even with a relatively small capital account depending on the conditions agreed upon between the parties.
Top 10 Best Forex Brokers For MAM / PAMM Accounts 2021:
Hotforex is a multi-asset forex broker offering forex and commodity trading services to retail and institutional traders via CFDs. HF Markets Group is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, FCA, DFSA and the Financial Services Commission (FSC) in Mauritius.
Hotforex offers a PAMM Account Service for its clients that allows them to invest in the forex market through professional account managers who are responsible for the operation and management of open positions in the market. This allows successful latecomers to leverage their strategies by managing more funds. On the other hand, investors are able to find responsible fund managers for their funds in a transparent model.
PAMM accounts: Yes
Minimum initial deposit: $250
Maximum Leverage: 1:300
Regulated by: FCA, DFSA, FSCA
Trading Platforms: MT4, MT5, HotForex Metatrader 4, HotForex 4 Multiterminal, HotForex WebTrader, Currenex, HotForex RapidTrader FIX/API
Payment Methods: Wire Transfer, credit cards , Skrill, Webmoney, Neteller, Bitcoin, Perfect Money, Bitpay, Fasapay
Pepperstone is a well known broker in the industry, offering a range of online trading platforms including Metatrader 4, Ctrader, WebTrader and mobile applications for iPhone, android and tablet. They also offer the Metatrader 5 trading platform. They offer traders over 80 instruments to trade including forex, commodities, crypto-currencies, stocks, indices, energy, bonds, CFDs, and ETFs. It is an ECN forex broker that offers access to interbank execution and low spread pricing to experienced and institutional traders. For those who wish to open a Pamm account with pepperstone, they offer the possibility for traders to open a Pamm account with a minimum deposit of $200, via the Ctrader trading platform.
PAMM accounts: Yes
Minimum initial deposit: $200
Maximum Leverage: 1:
Regulated by: ASIC, FCATrading Platforms: MT4, MT5, Web Trader, Mobile APPS, Ctrader
Payment Methods: Skrill, Neteller, Union Pay, Wire Transfer, Credit card, PayPal, Bpay, Poli
Icmarkets is a forex broker founded in 2006 that gives its clients the opportunity to trade currency pairs, commodities, precious metals, indices, stocks and more. You can trade with a variety of trading tools, with fixed spreads and leverage of up to 1:400 on forex.
Icmarkets offers its most experienced clients PAMM accounts with one of the most flexible allocations available. With these accounts, trading is facilitated via MT4 with a minimum transaction size of 1 micro lot for each account.
Founded: 2006PAMM accounts: YesMinimum initial deposit: $200Maximum Leverage: 1:500Spreads: VariableRegulated by: ASICTrading Platforms: MT4, MT5, Ctrader,Payment Methods: Paypal, Neteller , Schrill, Wire Transfer, Credit card, CashU