The best Forex brokers with PAMM accounts
PAMM accounts are a fairly popular product in the Forex sector, where many brokers in the sector offer the possibility of investing in these managed accounts.
PAMM accounts are investment trading accounts in which there is an account manager, normally and supposedly an expert trader, who is responsible for doing the trading operations.
These account managers offer their experience to traders and investors with no experience in the Forex world, although we do not like the term “investment” here too, since, unlike a classic investment fund, in PAMM accounts these account managers will make a large number of short-term transactions, a common thing in Forex.
Basically, these managed accounts are a kind of “investment funds” in the Forex market, although with quite notable differences compared with real investment funds.
| Broker | Regulation | Broker Type | Trading Instruments | Trading conditions | Minimum Deposit (PAMM investors) | Broker Review |
|---|---|---|---|---|---|---|
HotForex | - | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.2 pips Leverage: 1:1000 | $5 | Review |
Forex4you | - | NDD/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:500 | $10 | Review |
Alpari | - | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.0 pips Leverage: 1:1000 | $10 | Review |
Axi | ASIC and FCA | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.0 pips Leverage: 1:500 | $10 | Review |
RoboForex | CySEC | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:1000 | $10 | Review |
BlackBull Markets | FSRP | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.2 pips Leverage: 1:500 | $200 | Review |
ForexTime | CySEC IFSC | Market Maker/ECN | -Forex -Commodities -CFD | Spreads: From 0.1 pips Leverage: 1:1000 | $5 | Review |
FXPrimus | CySEC | NDD/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:500 | $200 | Review |
FXOpen | FCA ASIC | ECN/STP | -Forex -Commodities -CFD | Spreads: From 0.5 pips Leverage: 1:500 | $1 | Review |
InstaForex | - | Market Maker/ECN | -Forex -Commodities -CFD | Spreads: From 1.0 pips Leverage: 1:500 | $10 | Review |
What are PAMM accounts?
PAMM accounts (also known as managed accounts) are a collective investment system that will allow you to take advantage of the knowledge and strategies of traders with extensive experience to obtain benefits from the trades they perform.
The operation of the PAMM accounts (“Percentage Allocation Management Module”) is as follows:
- An expert trader creates a trading account (the PAMM account) and deposits a certain amount of their own capital offering to perform and manage all trading operations based on his knowledge and his own investment strategies.
- Investors who are interested in the PAMM account can join and invest the capital they deem appropriate, in order to obtain benefits from the operations performed by the manager of the PAMM account.
- All trades performed by the manager are monitored by the broker who will be responsible for distributing the benefits proportionally between investors and the manager according to the capital deposited by each one. Each investor, therefore, represents a percentage of the total capital with which the PAMM account manager can perform trades in the markets.
PAMM accounts have important advantages:
- PAMM accounts offer the possibility of obtaining a high return, much higher than what you could obtain for yourself by investing individually and only with your capital.
- If a trader does not have extensive knowledge about trading and markets, PAMM accounts are the best way to take advantage of the experience of other traders and represent a very comfortable option as the investor does not have to trade, analyze the market or seek new opportunities-
- Investors can invest in as many PAMM accounts as they deem appropriate, thus diversifying the risk, and they can withdraw their money or increase it whenever they want in a very flexible way.
After having tested and analyzed numerous online brokers, the ones that you can see in the previous table are the ones we consider the best brokers that offer PAMM accounts You can see the analysis of each one of them and analyze the particular conditions that these brokers offer on their managed accounts PAMM.