At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.
In this article we have grouped some of the best forex brokers with PAMM accounts.
To compile this ranking, we have taken into consideration the following factors:
- The overall broker quality
- The minimum deposit required
- The PAMM account features
- The trading platforms for the PAMM account
Table of Content
|PAMM forex brokers||PAMM platform||PAMM account minimum deposit|
|FxPro||MT4, MT5, cTrader||$500|
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
- With the Pepperstone PAMM account you can engage in hedging and scalping, as well as using EAs.
- Pepperstone’s PAMM service provides one of the best execution speeds available.
- PAMM Fund Managers at Pepperstone can control more than 100 sub-accounts on MT4 or MT5.
- The minimum trade amount with the Pepperstone PAMM account is 1 micro lot.
(75.9% of retail CFD accounts lose money)
- With the FxPro’s PAMM account you can utilize Expert Advisors and receive comprehensive reports on the performances.
- A rebate can be earned when using the FxPro’s PAMM account.
- The mark-up and the performance fees can be set by the individual PAMM money manager.
- PAMM accounts at FxPro provide a number of different allocation methods, including proportional equity against balance, or as an equity percentage allocation.
72.87% of retail CFD accounts lose money
- AvaTrade allows PAMM money managers to use automated strategies and EAs.
- With the AvaTrade PAMM account, money managers can create multiple trading sub-groups to implement different strategies.
- AvaTrade on the PAMM account allows traders to manage an unlimited number of sub-accounts.
- With the PAMM account offered, AvaTrade provides good flexibility as it allows to assign trades based on equity, lots, or percentage/balance.
- AvaTrade’s PAMM account is available on MT5, and the minimum trade size here starts at 1 micro-lot.
(79% of retail CFD accounts lose money)
4. FP Markets
- FP Markets makes available a number of managed forex accounts, including a PAMM account.
- With the FP Markets PAMM account you can use EAs.
- FP Markets offers three different allocation methods on the PAMM account. These are, by lot, by percentage, and by balance.
- FP Markets allows managing of an unlimited number of accounts with the PAMM account.
Visit FP Markets
74-89% of retail CFD accounts lose money
5. HF Markets
- At HF Markets you manage multiple PAMM sub-accounts based on your needs.
- The allocation methods with the PAMM HF Markets account can be dynamically adjusted depending on the sub-account equity.
- PAMM fund managers’ statistics are publicly shown by HF Markets.
- The minimum deposit to open a HF Markets PAMM account is $250.
Visit HF Markets
(70.77% of retail CFD accounts lose money)
- The FBS PAMM account provides a top-quality range of research and market resources.
- The PAMM account offered by FBS is not available in the European Union.
- The minimum lot size for the FBS PAMM account is 1 micro lot.
74-89% of retail CFD accounts lose money
7. Fibo Group
- Fibo Group offers a PAMM account that allows you to manage an unlimited number of sub-accounts.
- Fibo Group allows the fund manager to set both the minimum amount and the investment terms.
- On the Fibo Group website, it will be possible to publicly view the performance of different PAMM fund managers.
66% of retail CFD accounts lose money
- BDSwiss offers PAMM accounts that provide an appealing range of PAMM account types.
- The BDSwiss account managers decide their own minimum deposit, strategy name, penalty fee, trading period, PAMM account type, and leverage amount.
- At BDSwiss a variable penalty fee is applied when an investor withdraws any amount before the end of the trading period.
72.5% of retails investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
- Dukascopy offers two different PAMM account types.
- The Dukascopy LP PAMM account requires a minimum deposit of $1,000 and the sub-accounts money is managed by Dukascopy bank.
- The Dukascopy Standard PAMM account does not have a minimum deposit, and it works by letting other traders manage your funds.
- With the Dukascopy PAMM accounts you can manage an unlimited number of accounts.
83% of retail CFD accounts lose money
- Thinkmarkets offers a PAMM account called “ThinkInvest”.
- ThinkInvest ranks money managers by their performance on a leader board and users are able to choose the money manager they want for their account.
- Thinkmarkets PAMM account charges low commissions on a wide range of markets.
72.88% of retail CFD accounts lose money
What’s a PAMM account?
PAMM stands for Percentage Allocation Money Management, and this is a type of managed account.
With the PAMM account, you make the deposit to your account as a trader, and this money and investment are then taken care of by a fund manager who will make the trades on your behalf with the hope of being profitable.
This is not done in isolation and your account could be one of hundreds of accounts managed within the operation. Profits and losses are then distributed equally according to the amount that you have invested from your account. All of these actions are completed by an assigned account manager and full transparency of operation to make sure you can see exactly what is going on.
Who can be a Fund Manager?
Since you will be trusted to manage the money of others, there is a process to go through whereby you have to prove your ability to perform. Experience plays a vital role in this.
While acknowledging that every broker has their own criteria, generally speaking, you will require the following as a minimum in terms of experience:
- At least 3 years experience with trading
- You are a licenced fund manager
- You are a fund manager that has been working with other institutional bodies (brokers, banks, etc)
- A qualified professional trader (according to ESMA requirements)
If you meet most, or all of these requirements then there is a good chance that you may be accepted as a fund manager to trade within one of the brokers listed above.
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