The best MAM account brokers are FP Markets, Vantage, Axi, and Pepperstone.
To choose the best Forex brokers with MAM account, the platform available, the number of allocation methods, the number of sub-accounts allowed, the minimum deposit to open a MAM account, and the availability of EAs are the most important criteria.
FP Markets is the best MAM account broker overall, with MAM accounts on the MT4 platform with 3 allocation methods (lot, percentage, balance), unlimited sub-account, tight spreads (from 0 pips), and full EA support.
Vantage, Axi, and Pepperstone follow FP Markets as the best MAM account brokers for MT4 and MT5 platform support, multiple allocation methods, EA availability, and flexible account structures. Vantage supports MAM accounts on MT4 with 10 allocation methods, unlimited sub-accounts, a $200 minimum deposit, and rebates up to 0.8 pips per lot. Axi offers MAM via MT4 with 6 allocation methods, unlimited sub-accounts, EA compatibility, and a minimum deposit of $250. Pepperstone provides MAM solutions on MT4 and MT5 with 3 allocation methods, up to 100 sub-accounts, a minimum trade size of 0.01 lots, and full support for EAs, hedging, and scalping.
Round-up
| Brokers | Minimum Deposit | Sub-Account |
|---|---|---|
| FP Markets | $100 | Unlimited |
| Vantage | $200 | Unlimited |
| Axi | $0 | Unlimited |
| Pepperstone | $0 | 100 |
| FxPro | $100 | Unlimited |
| Fusion Markets | $5000 | Unlimited |
| AvaTrade | $1000 | Unlimited |
| TickMill | $5000 | Unlimited |
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 MAM account brokers?
Below our curated list of the best forex brokers with MAM accounts, with details of features and characteristics.
FP Markets
FP Markets offers MAM accounts with unlimited sub-accounts. FP Markets supports three allocation methods. The minimum deposit is $100. FP Markets provides EAs and has a low commission structure.
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About FP Markets
FP Markets is an Australian-based global forex and CFD broker founded in 2005. FP Markets offers trading on over 10,000 instruments including forex, stocks, indices, commodities, and cryptocurrencies. FP Markets provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FP Markets is regulated by multiple authorities including ASIC, CySEC, and FSA. FP Markets is known for tight spreads, fast execution, and extensive educational resources. The FP Markets CEO is Craig Allison.
FP Markets Features
The features of FP Markets are listed below.
- MAM accounts can be used with MT4 by FP Markets traders.
- FP Markets allows 3 allocation methods either by lot, percentage, or balance.
- FP Markets accepts an unlimited number of sub-accounts.
- There is a $100 minimum deposit requirement to open an FP MAM account.
- FP Markets trade managers can benefit from a low commission structure, combined with tight spreads.
- EAs are available when using a MAM account with FP.
FP Markets Pros and Cons
Advantages of FP Markets
The advantages of FP Markets are listed below.
- Broad Instrument Offering
- Competitive Spreads
- Multiple Trading Platforms
Disadvantages of FP Markets
The disadvantages of FP Markets are listed below.
- High Fees for International Withdrawals
- Outdated Platform Design
Vantage
Vantage provides MAM accounts with unlimited managed sub-accounts. Vantage offers ten allocation methods. The minimum deposit is $200. Vantage allows EAs, hedging, and scalping.
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About Vantage
Vantage is a global multi-asset broker founded in 2009, offering trading on forex, CFDs, commodities, indices, shares, and cryptocurrencies. Vantage provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Vantage is regulated by multiple authorities including ASIC, FCA, and CIMA. Vantage is known for fast execution, competitive spreads, and extensive educational resources. Vantage serves over 3 million registered users worldwide. The Vantage CEO is David Shayer.
Vantage Features
The features of Vantage are listed below.
- The Vantage MAM account can be used via the MT4.
- There are unlimited managed sub-accounts with Vantage MAM.
- There are ten allocation methods in place with the Vantage MAM account, including lot, equity, balance, and percentage.
- Vantage Master accounts have access to instant allocation and customizable rewards, with 0.8 pips per lot rebate.
- Generally, the minimum deposit to open a Vantage account is $200, including a MAM, though you should contact the support team.
- EAs allowed for Vantage MAM masters, as well as hedging and scalping.
Vantage Pros and Cons
Advantages of Vantage
The advantages of Vantage are listed below.
- Competitive spreads and low commissions
- Strong range of asset classes
Disadvantages of Vantage
The disadvantages of Vantage are listed below.
- Not available to US traders
- Customer service could be improved
Axi
Axi grants access to MAM accounts with unlimited sub-accounts. Axi includes six allocation methods. The recommended minimum deposit is $250. Axi permits the use of EAs.
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About Axi
Axi, formerly known as AxiTrader, is a global forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. Axi offers trading on currencies, commodities, indices, cryptocurrencies, and stocks through MetaTrader 4 and proprietary platforms. Axi is regulated by multiple authorities including ASIC, FCA, and DFSA. Axi is known for competitive spreads, fast execution, and extensive educational resources. Axi serves clients in over 100 countries worldwide. The Axi CEO is Rajesh Yohannan.
Axi Features
The features of Axi are listed below.
- As a fund manager, you will have access to an Axi MAM account supported by MT4.
- Axi supports 6 allocation methods including lot, percentage, balance, equity, equity percent, and allocation by equal risk.
- Axi MAM account supports unlimited sub-accounts.
- The Axi minimum deposit recommended to start managing a MAM account is at least $250.
- EAs are supported when using an Axi MAM account.
Axi Pros and Cons
Advantages of Axi
The advantages of Axi are listed below.
- Low Forex Fees
- No Deposit/Withdrawal Fees
- Regulatory Assurance
Disadvantages of Axi
The disadvantages of Axi are listed below.
- Limited Platform Options
- Lack of Advanced Educational Resources
Pepperstone
Pepperstone MAM accounts permit 100 sub-accounts. Pepperstone supports three allocation methods. There is no general minimum deposit. Pepperstone enables the use of EAs, hedging, and scalping.
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About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- Pepperstone MAM accounts can be used via both the MT4 and MT5 platforms.
- There 3 allocation methods supported by a Pepperstone MAM. These are by lot, by percentage, and proportional.
- A Pepperstone MAM account allows 100 sub-accounts.
- The minimum deposit recommended to manage a MAM account with Pepperstone will be disclosed when contacting a representative. enerally, there is no minimum deposit requirement.
- The minimum trade volume when trading via a Pepperstone MAM is 0.01 lots.
- Pepperstone MAM account enables EAs, hedging, and scalping.
- The Pepperstone MAM account is designed for fund managers with 3+ years of experience.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,10 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
FxPro
FxPro offers MAM accounts with access to six allocation methods. FxPro recommends a minimum deposit of $1000 but requests $100. FxPro supports a minimum trade size of 0.01 lots and allows EAs.
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About FxPro
FxPro is a global online broker founded in 2006, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. FxPro provides multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Platform. FxPro is regulated by multiple authorities including FCA, CySEC, SCB, FSC and KNN. FxPro serves clients in over 170 countries and has won numerous industry awards. The FxPro CEO is Charalambos Psimolophitis.
FxPro Features
The features of FxPro are listed below.
- FxPro provides a MAM account through their MT4 platform.
- FxPro MAM clients have access to 6 allocation methods. These are by lot, by percentage, for equal risk, proportionate to the balance, proportionate to equity, and percentage allocation of equity.
- $1000 is the minimum deposit recommended to start with any accounts, including a MAM account, but $100 is the minimum requested.
- FxPro allows a minimum 0.01 lot size when trading with a MAM account.
- EAs are available when engaging with a FxPro MAM account.
- As a money manager, you can earn rebates and customize your performance fees.
FxPro Pros and Cons
Advantages of FxPro
The advantages of FxPro are listed below.
- Regulated and Trusted Forex broker
- Diverse Trading Platforms
- Wide Range of Instruments
Disadvantages of FxPro
The disadvantages of FxPro are listed below.
- Inactivity Fee
- Limited Educational Resources
- No Guaranteed Stop-Loss Orders
Fusion Markets
Fusion Markets provides MAM accounts with unlimited sub-accounts. Fusion Markets supports three allocation methods. The minimum deposit is $5,000. Fusion Markets permits EAs and all trading styles.
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About Fusion Markets
Fusion Markets is an Australian-based forex and CFD broker founded in 2019. Fusion Markets offers trading on over 90 currency pairs, stocks, indices, commodities, and cryptocurrencies. Fusion Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. Fusion Markets is regulated by ASIC and VFSC. Fusion Markets is known for low trading costs, no minimum deposit, and copy trading services. The Fusion Markets CEO is Phil Horner.
Fusion Markets Features
The features of Fusion Markets are listed below.
- Fusion Markets allows the use of a MAM account via their MetaFX platform.
- Fusion Markets MAM clients can choose among 3 allocation methods. By lot, percentage or equity.
- Fusion Markets MAM clients can trade across unlimited sub-accounts.
- With the MetaFX platform, Fusion MAM clients will get charged 1 pip cost added across all assets.
- There is a $5,000 minimum deposit in order to start using a Fusion MAM account.
- EAs and all trading styles are allowed for Fusion MAM traders, as well as the possibility to trade any size.
Fusion Markets Pros and Cons
Advantages of Fusion Markets
The advantages of Fusion Markets are listed below.
- Low Trading Costs
- Zero Spread Accounts
- Excellent Customer Support
Disadvantages of Fusion Markets
The disadvantages of Fusion Markets are listed below.
- Limited Product Selection
- Basic Educational Resources
AvaTrade
AvaTrade MAM accounts support unlimited sub-accounts. AvaTrade provides three allocation methods. The minimum deposit is $1,000. AvaTrade allows EAs and has a minimum trade size of 0.01 lots.
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About AvaTrade
AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.
AvaTrade Features
The features of AvaTrade are listed below.
- AvaTrade clients can access a MAM account via the MT4 platform.
- An AvaTrade MAM account supports unlimited sub-accounts.
- Three different allocation methods, by equity, by lots, or by percentage are available with an AvaTrade MAM.
- The AvaTrade deposit minimum is $1,000 to fund your new MAM account.
- The minimum lot size in an AvaTrade MAM is 0.01 lots.
- EAs are in possible to use on AvaTrade MAM account.
AvaTrade Pros and Cons
Advantages of AvaTrade
The advantages of AvaTrade are listed below.
- Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
- The mobile apps are well designed
- Can be connected to ZuluTrade and Duplitrade
Disadvantages of AvaTrade
The disadvantages of AvaTrade are listed below.
- High inactivity fees
- The demo account is limited to 30 days
Tickmill
Tickmill offers MAM accounts with unlimited sub-accounts. Tickmill supports two allocation methods. The minimum deposit is $5,000. Tickmill provides EAs and sets the minimum trade volume at 0.01 lots.
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About Tickmill
Tickmill is a global multi-asset broker founded in 2014, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Tickmill provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Tickmill is regulated by multiple authorities including FCA, CySEC, and FSCA. Tickmill is known for low spreads, fast execution, and extensive educational resources. Tickmill serves over 500,000 clients worldwide. The Tickmill CEO is Sudhanshu Agarwal.
Tickmill Features
The features of Tickmill are listed below.
- When you open a Tickmill MAM account you can trade with MT4.
- Tickmill allows 2 allocation methods, by balance and by equity.
- Tickmill also allows you to monitor and manage unlimited sub-accounts.
- The minimum lot trading size starts from 0.01 lots with a TickMill MAM account.
- The minimum deposit to open a TickMill MAM account is $5,000.
- EAs are available and provided by TickMill when using their MAM account.
Tickmill Pros and Cons
Advantages of Tickmill
The advantages of Tickmill are listed below.
- Regulatory Trust
- Competitive Pricing
- Comprehensive Platform Support
Disadvantages of Tickmill
The disadvantages of Tickmill are listed below.
- Limited Asset Variety
- Higher Costs on Classic Account
- Discontinued Features