Best MAM Forex Brokers

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 7 min read
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So, you are looking to open a MAM account with your or another broker?

Excellent. There are many forex MAM brokers you could choose from. Most of the top name brokers or those considered as one of the best forex broker choices offer a MAM account.

Here, we will lead you through these choices so you can make the best selection for your trading needs.

Let’s take a look.

Table of contents

What is a MAM Account?

A MAM or Multi-Account Manage account is one that allows a fund manager to manage multiple accounts for clients, from one master account. All trades can be done through this central account and reflected on the clients’ accounts directly. There are often also a number of allocation methods provided by brokers as well as different trading platform access.

Top 10 best Forex MAM Brokers [2021]

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74-89% of retail CFD accounts lose money

1. IC Markets

IC Markets is our top choice as a MAM broker and they are among the most well-respected in the industry as an ECN broker. As a fund manager at IC Markets, you will have access to the MAM account they offer which is fully compatible with the MT4 trading platform.

The minimum trade size here and with this account type is 1 micro lot. They are also flexible on trading techniques and allow both algo-trading and scalping if needed.

92
Rated: Excellent
Security 93
Cost 91
Trading 100
Education 66

Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC, CYSEC, Offshore Minimum Deposit: 0
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74-89% of retail CFD accounts lose money

2. FP Markets

FP Markets also supports trading with a MAM account available where you can also trade through the MT4 trading platform and have full use of the EAs feature for algo-trading.

All available account types at the broker are also supported by the MAM account and as a money manager, you can manage an unlimited number of accounts for clients with no limit also on the amount of money managed. You will also be able to choose from the three allocation methods available which are by lot, percentage, and balance.

85
Rated: Excellent
Security 93
Cost 64
Trading 100
Education 47

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: ASIC Minimum Deposit: 100
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74-89% of retail CFD accounts lose money

3. Vantage FX

Vantage FX is an excellent STP/ECN broker choice offering very low spreads and also Direct Market Access depending on the account type. The broker offers a huge range of more than 10,000 assets available to trade.

Again here, the number of sub-accounts you can manage is unlimited. They also offer great flexibility in terms of pricing and how your sub-accounts are managed that can, in turn, provide you with flexibility as a money manager. The spreads on offer here are extremely competitive and start from as low as possible at 0 pips.

76
Rated: Excellent
Security 93
Cost 74
Trading 67
Education 57

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, Offshore Minimum Deposit: 200
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69.6% of retail investor accounts lose money

4. Axi

Next in our selection of top forex MAM brokers is Axi. They are a well-known broker worldwide offering CFDs trading with the lowest of spreads and lightning-fast ECN execution. As a fund manager, you will have access to a MAM account supported by MT4 here.

They offer a good range of assets for you to choose from and your account will feature a top range of risk management tools you can utilize. They also make multiple allocation methods, 6 in total available for each sub-account under management. This allows you to offer clients a number of management options.

82
Rated: Excellent
Security 95
Cost 84
Trading 71
Education 72

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA, Offshore Minimum Deposit: 0
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74-89% of retail investor accounts lose money when trading CFDs

5. Pepperstone

Pepperstone is one of the best-known STP/ECN brokers in the world. They are renowned for offering very competitive spreads and extremely fast execution speeds. They provide a MAM account that supports trading through both MT4 and MT5 as needed.

With this account, you can manage more than 100 sub-accounts that have a minimum trade size of just 1 micro lot. This allows you to offer flexibility to clients as well as the fact that hedging, scalping, and the use of EAs are all permitted.

90
Rated: Excellent
Security 94
Cost 75
Trading 100
Education 71

Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, DFSA, CYSEC, Offshore Minimum Deposit: 0
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75.54% of retail investor accounts lose money

6. FxPro

FXPro is the next broker to feature and they are also an excellent NDD broker with an agency model. They do offer a MAM account though it is only available to those professional traders with a depth of experience. The account itself supports the use of EAs for algo-trading.

As a money manager, you will have the ability to earn rebates here as well as customize your own individual commissions and performance fees. Profits and losses as made are then distributed automatically to the managed accounts you control.

80
Rated: Excellent
Security 95
Cost 58
Trading 76
Education 83

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, Offshore Minimum Deposit: 100
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71.64% of retail investor accounts lose money

7. HotForex

HotForex is a top ECN/STP broker offering market execution and one of the lowest cost trading environments in the industry. They do offer a MAM account though you should note that this is only available if you are registered under their SV entity.

You will have the ability here to manage several accounts under your own. This provides you similar capabilities to a fund manager with other brokers. While at HotForex you will have the ability to trade a wide range of assets including forex, indices, commodities, and more. The minimum deposit is $250 and the spread starts low from 0.3 pips.

81
Rated: Excellent
Security 94
Cost 86
Trading 69
Education 70

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: MIFID-ESMA, CYSEC, Offshore, FSC (Mauritius) Minimum Deposit: 5
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74-89% of retail CFD accounts lose money

8. FBS

FBS is the next ECN/STP broker to feature. They are well-respected throughout the industry and offer fixed, and even negative spreads as well as variable choices. The FBS MAM account though is only available to those under IFSC regulatory oversight at the moment.

Through this type of MAM account, you will be able to trade through the MT4 trading platform and have access to a great range of assets for your clients as well as a top-quality range of research and market resources to provide insight. FBS is a very reliable choice for those who want to deposit and withdraw their funds quickly and easily.

80
Rated: Excellent
Security 93
Cost 86
Trading 68
Education 60

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, ASIC, FSCA, CYSEC, Offshore Minimum Deposit: 1
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79% of retail investor accounts lose money

9. AvaTrade

AvaTrade is an extremely well-known and regulated broker from Ireland that now offers services worldwide. They offer fixed spreads only and you will have the ability to manage an unlimited number of sub-accounts.

Three different allocation methods, by equity, by lots, or by percentage are available so you can offer a degree of flexibility. The minimum trade size is also accessible at 1 micro lot with trading through MT4 and EAs supported. You will also be able to utilize a range of risk management tools where needed.

82
Rated: Excellent
Security 94
Cost 78
Trading 75
Education 72

Platforms: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British) Minimum Deposit: 100
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83% of retail CFD accounts lose money

10. Dukascopy

Finally, Dukascopy is a respected and regulated Swiss broker with a number of choices available when it comes to managed accounts. With them, you can first practice with their excellent demo account before moving on to their live MAM account.

With this account, you can manage an unlimited number of sub-accounts where the minimum trade size starts from just 1 micro lot. You will also have the ability to utilize different risk management tools including stop losses and limit orders for different accounts.

89
Rated: Excellent
Security 96
Cost 66
Trading 100
Education 71

Platforms: Mirror Trader, Proprietary Web Platform Regulations: FSA, FINMA, FCA, MIFID-ESMA Minimum Deposit: 100

Round-up of the Best Forex MAM Brokers

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

Brokers Minimum deposit Spread from Sub-account Set your trading conditions Quick withdrawals
IC Markets $0 0 pips Unlimited Yes Yes
FP Markets $100 0 pips Unlimited Yes Yes
Vantage FX $200 0 pips Unlimited Yes Yes
Axi $0 0 pips Unlimited Yes Yes
Pepperstone $0 0 pips More than 100 Yes Yes
FxPro $100 1 pips Unlimited Yes Yes
HotForex $5 0 pips Unlimited Yes Yes
FBS $1 -1 pips Unlimited Yes Yes
AvaTrade $100 0.9 pips Unlimited Yes Yes
Dukascopy $100 0.1 pips Unlimited Yes Yes

Is a MAM account safe?

Yes. MAM accounts with well-regulated brokers are very safe. They simply form a pool of investment funds that a fund manager takes care of on behalf of the client. In this respect, you as an investor, retain full control over how much to allocate to an account and you can also control some circumstances related to risk and your own trading preference.

From the trader’s perspective, though they trade on your behalf, they never have access to the funds in your account directly. This means that MAM accounts are typically very safe though you should always complete due diligence on the fund managers you will use.

Who can be a fund manager?

Every broker will have their own process and conditions when it comes to who can actually be a fund manager, though there are some general conditions around the role.

You will usually need at least 3-years of trading experience as well as being licensed as a fund manager. Having a history of work in the financial sector may also be needed or certainly will be beneficial. Similarly, qualifying as a professional trader under ESMA or other regulatory standards is also typically expected.


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.

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