Our Top Picks

The best managed Forex accounts, according to our research, are:

  1. Pepperstone
  2. Avatrade
  3. FP Markets
  4. FxPro
  5. HF Markets
  6. FBS
  7. Tickmill
  8. Roboforex
  9. Dukascopy
  10. Grand Capital

To compile this list, we considered numerous factors, including:

  • The managed account type
  • The trading platforms available
  • The service quality for fund managers
  • The service quality for investors.
  • Spreads on forex and on other markets
  • The flexibility of the allocation parameters
Table of Content

Round-up

Brokers Managed account types Platforms
Pepperstone MAM, PAMM MT4, MT5
AvaTrade MAM MT4
FP Markets MAM, PAMM MT4
FxPro MAM MT4
HF Markets PAMM MT4
FBS PAMM MT4
Tickmill MAM MT4
RoboForex MAM MT4
Dukascopy MAM, PAMM, LAMM MT4
GrandCapital RAMM MT4, MT5

Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

What are the best brokers with managed forex accounts?

Below is our curated list and review of the best forex brokers offering managed forex accounts, accompanied by comprehensive information on their characteristics, requirements and unique features.

  • With Pepperstone, the fund manager can manage over 100 sub-accounts.
  • Pepperstone allows you to open both MAM and PAMM accounts.
  • Pepperstone’s technology allows for low latency on managed accounts.
  • Fund managers can manage Pepperstone accounts via MT4 or MT5, and use trading robots at will.
  • The minimum order size for managed accounts is 1 micro lot.
74-89% of retail investor accounts lose money when trading CFDs
  • With AvaTrade the fund manager can manage an unlimited number of accounts.
  • As a platform, AvaTrade allows the use of MT4 on its MAM accounts.
  • AvaTrade allows you to manage allocation by equity, lots, percentage and balance.
  • The minimum trade order in forex for sub-accounts is 1 micro lot.
  • AvaTrade makes a MAM demo account available.
76% of retail investor accounts lose money
  • FP Markets offers a great service for EAs in its ECN MAM and PAMM managed accounts.
  • Every FP Markets MAM/PAMM account is available with MT4.
  • Traders can choose between three allocation methods on FP Markets: by lot, percentage, and by balance.
  • An unlimited number of sub-accounts can be managed with FP Markets.
74-89% of retail CFD accounts lose money
  • The managed accounts offered by FxPro are among the most flexible.
  • FxPro allows you to customize trading commissions, mark-ups and performance fees.
  • FxPro’s MAM accounts provide traders with the ability to decide the allocation methods available: per lot, percentage, risk-based, and proportional.
  • FxPro allows traders to earn rebates on MAM accounts.
72.87% of retail investor accounts lose money
  • HF Markets offers a PAMM account with which you can manage multiple sub accounts.
  • On the HF Markets website you can publicly view the statistics of each fund manager.
  • The minimum deposit to open a PAMM account with HF Markets is $250.
  • The minimum trade size for PAMM accounts at HF Markets is 0.01 lots.
  • HF Markets dynamically handles the allocation type chosen based on the equity of the managed accounts.
70.51% of retail investor accounts lose money
  • PAMM accounts can be opened with FBS, but only under IFSC regulation.
  • In managed accounts it is possible to receive real time market news from FBS.
  • You can open an FBS PAMM account from only $1.
  • FBS offers multiple allocation methods, and orders can be opened as low as 0.01 lots.
74-89% of retail CFD accounts lose money
  • Tickmill offers a managed MAM account.
  • Tickmill’s MAM account usage interface works on MetaTrader 4.
  • The fund manager can manage an unlimited number of sub-accounts on Tickmill.
  • Two allocation methods can be chosen in Tickmill’s MAM account: by balance and by equity.
  • Fund managers can choose to trade with EAs as well.
  • To open a Tickmill MAM account you must deposit at least $5000.
73% of retail investor accounts lose money
  • Roboforex offers advanced and flexible MAM services on MT4, where money managers and investors can set their own risk parameters.
  • The MAM accounts offered by Roboforex allow for dynamic and automatic adjustment of the allocation systems.
  • Roboforex offers a copy trading system integrated into managed accounts.
61.41% of retail CFD accounts lose money
  • Dukascopy offers two PAMM accounts.
  • With the LP LAMM account, it is Dukascopy who acts personally to make the money work for you.
  • With the Standard PAMM account there is a fund manager acting through Dukascopy.
  • Dukascopy offers MAM, PAMM, LAMM managed accounts.
  • The minimum deposit to access a Dukascopy managed account is $1000.
  • You can manage an unlimited number of sub-accounts.
  • With Dukascopy, you can open forex positions starting from 1 micro lot.
83% of retail CFD accounts lose money
  • GrandCapital offers a RAMM managed account to its traders.
  • MT4, MT5 and a proprietary platform are all available at GrandCapital
  • The minimum deposit for a GrandCapital RAMM account is $50
  • The spread of GrandCapital starts at 0.4 pips with a $5 commission per lot traded.
74-89% of retail CFD accounts lose money

What Is a Forex Managed Account?

First and foremost, a simple explanation of what a forex managed account actually is. As briefly explained, a forex managed account type is one which is managed by another trader, a professional trader, also known as a fund manager.

This person is managing the account and trades in that account on behalf of other clients. Essentially, forex account managers are responsible for seeking out trading opportunities, adjusting trading risks, and implementing profitable forex trading strategies.

A fund manager will typically have a large number of accounts to manage at any one time. They usually do not manage these accounts separately but rather within the system, where they can see all of the accounts under management through their dashboard facilitated by the broker.

This will typically allow them to set allocation methods or criteria for each of the sub-accounts they are controlling. This allocation can determine how the risks and earnings, as well as other strategy points, are managed within each of the sub-accounts.

With that said, the ability to do this, and how it is done, depends on a number of factors related to the overall broker that the fund manager has chosen. There are also often multiple types of managed accounts available from each broker.

Different Types of Forex Managed Accounts

The first type of managed account we will look at is a LAMM (Lot Allocation Management Module) Account type. A LAMM account trader managing the accounts can apply different leverage on sub-accounts depending on their needs and that of their clients. This account type then provides a good degree of flexibility to investors in terms of managing risk through these types of accounts.

A PAMM Account (Percent Allocation Management Module) is very common when it comes to talking about a managed forex account. Here, earnings and losses are typically equally distributed among the different sub-accounts regardless of the amount of money invested in the account with the trader. The same percentage profit or loss is applied to all accounts. These types of accounts are typically very transparent in that you can view every action taken by the account manager in most cases.

Moving to RAMM Account (Risk Asset Management Model) and here you will find all of the same great features as you would have through a PAMM account but with improved features for helping manage risk on both ends as an investor and money manager. Using a RAMM account, you can also trade independently of the money manager and decide the portion of your balance to allocate to be managed.

Finally, a MAM Account (Multi-Account Manager) account is a mix between a LAMM and a PAMM account. This account type comes with the same flexibility you would find in a LAMM account but administered in the same way as a PAMM account.

Who Are Forex Managed Accounts For?

Based on what we’ve already covered, you should have a general opinion on whether a forex managed account is the right fit for you. However, if you still aren’t sure, ask yourself the following questions:

Do you have time to watch the forex market? Forex markets are open for trading 24 hours a day during the week. Given how fast they can change, it would require you to monitor each market constantly. That’s not a luxury many can afford. If you don’t have time due to other responsibilities, letting an expert forex trader do the work for you might be the right choice.

How comfortable are you when trading? Although forex trading is an exciting endeavor, it’s not for everyone. If you don’t feel comfortable when trading or aren’t sure what types of trading decisions to make, it might be a better option to let an expert handle these for you.

Do you want to learn how to trade? Although a managed forex account will take responsibility for trading off your shoulders, it doesn’t mean you won’t be able to learn a thing or two. By going through your manager’s trade history, you will be able to analyze patterns and decisions they make, which you can use to learn more about forex trading.

If any of the above three scenarios apply to you, setting up a managed forex account offers an excellent opportunity to take advantage of forex markets. On the other hand, if you want full control over your trading decisions or lack enough risk capital, it might be a better idea to trade forex yourself or try copy trading instead.

Forex Managed Trading Accounts: What to Consider?

Although we have provided you with a list of our top choices for the best managed forex accounts, choosing the perfect broker with such an account requires some work on your side, too. Essentially, there are several things you should consider when deciding which managed forex account to choose, either as an investor or account manager. These include:

The broker itself. Every broker has its own offer, but the first thing you should look for is a safe and well-regulated broker. This is the same as when you are just choosing any forex broker for trading, you always want to ensure they are well-regulated.

Minimum investment needed. Usually, the minimum deposit needed for a Forex Managed Funds Account (for investors) matches the standard broker minimum deposit. Trading on the forex market is risky, never invest sums that you cannot afford to risk, and ensure that this minimum deposit is within your comfortable trading limit.

Choose your fund manager wisely. Every fund manager has their own strategy, trading style, risk profile, and more. You should do your research to make sure to choose a fund manager that fits with your own needs.

Fees. Even the best managed accounts come with associated fees, such as management fees, performance fees (typically a percentage of monthly profits), or annual fees. Consider them all before choosing the most cost-efficient managed account.

Diversify your investments. Fund managers are professional traders and will, of course, diversify their investments. But some brokers allow you to invest with more than one fund manager. In this way, you have the opportunity to wisely diversify your investments even further.

Allocation methods. The more allocation methods a broker offers through its forex managed accounts, the better the fund manager will be able to manage your money. This kind of flexibility with multiple options can only work in your favor as an investor.

Copy Trading vs. Managed Accounts

You may wonder what the difference is between copy trading and trading through a managed account. Well, there are some key differences. Some of these key differences are that, through a managed account, your money is managed and invested by a professional who will keep a percentage of profits in return.

With copy trading, you are simply managing all of your own funds in copying the trades of another trader who also has their own funds and account, which they are actively risking.

Managed Forex Accounts – Pros and Cons

As great as managed forex accounts can be, they aren’t the perfect trading solution. As with any kind of trading, managed forex account trading has its own individual pros and cons for you to consider. Here are a few from each side to help you make the best selection for yourself:

Pros

  • A managed forex account allows passive investing from your end, with everything done by the fund manager in most cases.
  • This also means you don’t have to have any trading knowledge since the professionals will trade for you.
  • You can have the flexibility to withdraw your funds at any moment.
  • Choosing one or more account managers and managed account investments can be a great way to diversify your investments.

Cons

  • You won’t have control over the investment decisions that are made by the fund manager.
  • Fees charged by the broker and the fund manager can vary.

Key Takeaways: What Is the Best Managed Forex Account?

With all their benefits, managed forex accounts offer an excellent opportunity for forex traders. Of course, they aren’t for everyone, but if you don’t have the time or the experience to trade forex comfortably, letting an expert take care of your funds does sound like a profitable option.

And what are the best managed forex accounts? Our top choice is Pepperstone, followed by AvaTrade, and FP Markets. However, the remaining brokers don’t fall far behind. The truth is that any of the above forex managed accounts will serve you well, providing you with exciting forex trading opportunities.


filippo ucchino

About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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