Lamm Accounts: Discover Everything you Must Know

filippo ucchino Filippo Ucchino calendar Last Updated: July 2022 timer 4 Min Read

Many prospective Forex traders can’t meet up with the time-consuming nature of trading Forex.

If you can relate to this struggle, you can participate in the Forex market with the help of professional managers through a Managed Forex Account.

This article explains what a LAMM account is and how beneficial it is to every new Forex trader.

Table of Content

What is a LAMM Account?

LAMM is the acronym for Lot Management Module. It works on the principle that every account owner will automatically get a standard lot whenever the fund manager buys a standard lot of a currency.

However, each investor has the exclusive right to decide the number of lots that can be traded in the market. The number of lots invested determines the trading losses and profit that a trader can experience.

What are the best LAMM Account Brokerages?

1. IC Markets

IC Markets is a well-known and respected broker around the industry. The broker is one of the most trusted choices that offer a LAMM service. Additionally, IC Markets also offers both MAM and PAMM allocation methods that are proportional by balance allocation and proportional by equity allocation. These actions are conducted through software the broker provides which allows for multiple variations of MAM, PAMM, or LAMM accounts.

With this diverse range of methods and software available, IC Markets is a popular choice with many investors who require a LAMM service. Spreads for the MAM/PAMM service start from 0 pips and the broker offers deep liquidity combined with fast order execution and EAs functionality.

Visit ic markets
(74-89% of retail CFD accounts lose money)

2. RoboForex

With a minimum investment of $100, RoboForex is one of the leading brokerages that offer a LAMM account. You are allowed to invest for a minimum of 1 week.

While trading with the account, you can earn money as an investor or a trader.

When selecting a trader, the broker shows you a list of strategies sorted by profitability along with the weekly average return, total return, risk level, return graph, total investors, the total amount of money invested, and total active time of the manager.

Visit RoboForex
(74-89% of retail CFD accounts lose money)


FXDD is a brokerage that offers trading platforms on proprietary and MetaTrader platforms. Here, traders can have access to over 60 currency pairs if they can pay the minimum deposit amount of $200. Their membership also enables them to enjoy the platform’s spread starting from 0.3 pips.

Visit FXDD
(73.6% of retail CFD accounts lose money)

4. Grand Capital

When looking for a manager on the platform, the broker will show you each trader’s history, profits, number of investors they manage, manager’s commission, and other helpful pieces of information.

The minimum deposit amount on this brokerage is $10, making the entry requirement affordable for all intending users.

The spread on GrandCapital starts from 0.4 pips and each new member is entitled to a $5 commission.

Trades are automatically copied so you don’t necessarily have to open the platform to trade and invest in indices, Forex, over 300 CFD assets, or stocks.

Visit FXDD
(74-89% of retail CFD accounts lose money)

How to trade with a LAMM account

Step 1: Open a LAMM account with the broker

The first thing is to look for a Forex broker that meets your requirements to trade with because not every broker offers a LAMM account.

If you are in doubt about the broker to go with, consult our Top 10 Managed Forex Accounts to help you make the right choice.

Step 2: Deposit the minimum amount required

After you have successfully applied for a LAMM account with a broker, you will be required to make a minimum deposit, an amount that varies according to brokers.

Nevertheless, you will find several deposit options to choose from. Check the available base currency and pay in that currency to avoid paying a conversion fee that may increase your minimum payment amount.

Step 3: Choose a fund manager

Next, search for a fund manager that will help you out with trading by making trading decisions on your behalf.

The broker will show you records and data about every fund manager to help you choose the best fund manager to trade on your stead. Examine the provided data and check for each manager’s reputation in the trading community before committing your business to anyone.

If you desire, you can hire more than a fund manager simultaneously and have them trade without your input.

Step 4: Allocate your funds

When using a fund manager, you must allocate your money in a pool accessible to the trader. However, the trader won’t access your trading account.

When allocating funds, consider the minimum amount set by the fund manager and allocate accordingly.

Benefits of using a LAMM account

Trading with a LAMM account offers you some benefits that will impact your trading activities and result positively.

For a start, a LAMM account is specifically designed for inexperienced traders and individuals with little or no time to monitor their trading activities and still express a desire to participate in the Forex market. Such prospective investors can rely on a professional trader’s skills to make the best of the market by hiring an experienced trader to trade on their behalf.

Even if you hand over the trading activities to experienced managers, you still retain some control as you are free to join a fund manager or even exiting a program as you are not locked in with a manager.

About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Better Informed

Find and Compare The Best
Online Broker For You

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.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2023 – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap