| Updated: January 15, 2025The MAM and PAMM account structures have gained traction in the forex trading sphere for their potential to simplify the process of gaining exposure to the financial markets. PAMM (Percent Allocation Management Module) and MAM (Multi-Account Manager) accounts enable experienced traders to manage multiple accounts simultaneously while also providing a convenient way for investors to pool their resources and leverage the expertise of a skilled trader. As a result, these account structures have become increasingly popular among those seeking to optimize their investment strategies and maximize their returns, and there are various forex brokers that offer MAM and PAMM accounts.
Below you can find a list with Forex brokers that offer MAM and PAMM account:
Top 6 Forex Brokers with MAM/PAMM Accounts
-
Pepperstone
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex
- Indices
- Commodities
- Cryptocurrencies
- Share CFDs
- ETFs
-
Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
-
IC Markets
- Offers 2,200+ tradable markets, including 61 currency pairs
- Leverage of up to 1:1000 in select jurisdictions
- EUR/USD spreads from 0.8 pips for standard accounts
Trading Instruments- CFDs on Forex
- Commodities
- Index
- Bond
- Cryptocurrencies
- Stock
- Futures
-
Tickmill
- Classic and Raw accounts available to suit various trading needs and requirements.
- Popular trading platforms, such as MT4 and MT5.
- Regulated by reputable authorities: ASIC and CySEC.
-
FP Markets
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex CFDs
- Shares CFDs
- Metals CFDs
- Commodities CFDs
- Indices CFDs
- Crypto CFDs
- ETF CFDs
-
HF Markets
- Up to 1:2000 leverage in specific countries
- Supports trading in micro lots (1,000 units)
- A $6 round-turn commission per standard lot for Zero accounts
Trading Instruments- Forex
- Metals
- Energies
- Soft commodities
- Indices
- Stocks
- Cryptocurrencies
- Bonds
- ETFs
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| Pepperstone | 1.00 (min) | $0 (Standard Account), $7 round-turn (Razor Account) |
| Fusion Markets | 0.93 avg (Classic) | $0 Classic Account, $4.50 round turn on Zero Account |
| IC Markets | 0.8 | $0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MT |
| Tickmill | 0.1 | $0 on Classic Account; $3 per side on Raw Account |
| FP Markets | 1.1 | $0 Standard Account; $6 round turn on Pro Account |
| HF Markets | 0.73 | $6 to $8 round-turn (Zero) |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Pepperstone |  |
$0 |
| Fusion Markets | |
$0 |
| IC Markets | |
$200 |
| Tickmill | |
$100 |
| FP Markets | |
$50 (AU$100) |
| HF Markets |  |
$0 (Zero, Premium), $5,000 (Premium Pro) |
Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Pepperstone | |
1:30 |
| Fusion Markets | |
1:30 (1:500 for forex and metals via VFSC) |
| IC Markets | |
1:30 |
| Tickmill | |
1:30 |
| FP Markets | |
1:30 |
| HF Markets | |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Pepperstone | |
90+ |
| Fusion Markets | |
80+ |
| IC Markets | |
61 |
| Tickmill | |
62 |
| FP Markets | |
70+ |
| HF Markets | |
Comprehensive Comparison of the Best UK Forex Brokers
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 |
|
1.00 (min) |
|
|
 |
$0 |
|
0.93 avg (Classic) |
|
|
 |
$200 |
|
0.8 |
|
|
 |
$100 |
|
0.1 |
|
|
 |
$50 (AU$100) |
|
1.1 |
|
|
 |
$0 (Zero, Premium), $5,000 (Premium Pro) |
|
0.73 |
|
What are MAM Accounts?
A MAM account is a sophisticated trading solution that enables a single master account to be linked to sub-accounts, allowing a trader to manage multiple accounts simultaneously. This innovative account structure offers a range of benefits to both experienced traders and their clients, including increased efficiency, improved returns, and reduced risk.
One of the key advantages of MAM accounts is their ability to streamline the trading process. By executing trades from a single master account for clients, managers can save time and effort, while also minimizing the risk of errors. The sub-accounts mirror the master account’s trades, ensuring that all accounts are aligned and that the expert trader’s investment strategy is consistently executed.
MAM accounts also offer advanced risk management tools, allowing investors and traders to set custom risk levels and ensure that their accounts are protected from significant losses. This is particularly important for individuals who are managing multiple accounts, as it enables them to maintain a consistent risk profile across all of their investments.
In addition to their risk management features, MAM accounts often include performance tracking tools. These tools enable traders to monitor their master and sub-accounts in real time, making it easier to identify areas for improvement and optimize their investment strategy.
The benefits of MAM accounts are not limited to experienced traders. They also offer a range of benefits to investors who are looking to reap the benefits of professionals’ experience. By pooling their resources and leveraging the expertise of a skilled trader, clients can potentially achieve greater returns, while also minimizing their risk.
What are PAMM Accounts?
With a PAMM account, multiple traders and investors can pool their funds and invest in a managed portfolio, typically under the guidance of a skilled and experienced trader. This innovative trading approach has gained popularity among professionals and retail traders alike since, just like MAM trading, it offers a unique opportunity to diversify one’s portfolio and potentially increase returns.
In a PAMM account, the “Manager” is responsible for making trading decisions and executing trades on behalf of the investors. The Manager’s performance is typically measured by the account’s profit/loss ratio, which is calculated based on the percentage of profit or loss allocated to each investor. This performance metric serves as a key indicator of the Manager’s skill and ability to generate returns.
One of the primary benefits of PAMM accounts is their ability to mitigate risk. By pooling their funds with other investors, individuals can reduce their exposure to market volatility. Additionally, PAMM accounts often offer a high level of transparency, allowing investors to monitor the Manager’s performance and track the account’s progress in real-time.
Another significant advantage of PAMM accounts is their ability to facilitate social trading and community building. By allowing multiple individuals to collaborate and share their strategies, PAMM accounts can foster a sense of community and cooperation among traders and investors.
However, PAMM accounts also come with certain risks and challenges. For instance, clients must carefully select a reputable and experienced Manager to oversee their account, as poor performance can result in significant losses. Additionally, PAMM accounts may be subject to market fluctuations and other external factors that can impact returns.To mitigate these risks, many PAMM account providers offer a range of features and tools designed to support education and risk management. These may include training programs, market analysis, and risk management strategies, as well as robust reporting and monitoring systems to ensure transparency and accountability.
Costs Tied to MAM and PAMM Accounts
The financial landscape of PAMM and MAM accounts is characterized by a number of fees traders should be aware of. At the heart of these trading frameworks is the management fee, a percentage-based charge levied based on the profits and losses. This fee serves as a key determinant of the Manager’s compensation, with more experienced and successful individuals demanding higher fees.
Beyond the management fee, brokers offering PAMM and MAM accounts tend to impose a range of additional charges, including commission fees, spread fees, and overnight fees. Commissions are typically assessed on a per-trade basis, while spread fees reflect the difference between the bid and ask prices of a currency pair. Overnight fees, meanwhile, are charged for holding positions overnight, adding up quickly for larger accounts.
Furthermore, PAMM and MAM account providers often require a minimum deposit to open an account, a barrier to entry that can be significant for individuals with limited capital. Trading enthusiasts must also consider the potential costs associated with account top-ups and withdrawals.
Ultimately, the costs of PAMM and MAM accounts can add up. Traders and investors must carefully weigh these expenses against potential returns. By understanding the intricacies of account fees and charges, one can make informed decisions and navigate this complex financial landscape with greater confidence.
How do MAM and PAMM Accounts Differ?
A comparison of PAMM and MAM accounts reveals several key distinctions in their operational mechanics and benefits. The two account types differ in the following ways:
- Fund Allocation: With PAMM accounts, the Manager is in control of a single account with a money pool comprising the funds of different investors. Profits are distributed based on each individual’s contribution. In contrast, MAM accounts involve the management of multiple sub-accounts by a single person via a master account.
- Minimum Deposit: MAM accounts often require a higher minimum deposit than PAMM accounts, which can be a barrier to entry for some investors. MAM account costs can be higher in general.
- Risk Management: When it comes to MAM accounts, sub-account owners have access to advanced risk management tools like stop-losses they can customize. PAMM accounts’ risk management features are more basic, with investors having less control.
The choice between a PAMM and a MAM account depends on the specific needs and preferences of the investor. Those seeking a more straightforward and transparent investment experience may prefer a PAMM account, while those seeking greater flexibility and control may prefer a MAM account.
FAQs
What is the minimum deposit required to open a MAM or PAMM account?
The minimum deposit required to open a MAM account varies depending on the broker or provider. However, it is typically higher than the minimum deposit required to open a PAMM account.
Which option is better in terms of risk management?
MAM accounts offer more advanced risk management features, such as stop-loss orders and position sizing, which can help mitigate potential losses. PAMM accounts, on the other hand, may rely on more basic risk management tools.
Can I withdraw my funds from a MAM or PAMM account at any time?
Yes, you can withdraw your funds from a MAM or PAMM account at any time, subject to the terms and conditions of the account and the broker or provider.
How do I get started with a MAM or PAMM account?
You will need to open an account with a broker or provider that offers these types of accounts. Then, you will have to fund your account and choose a manager or investment strategy. Be sure to carefully review the terms and conditions of the account and the broker or provider before making a decision.
Are PAMM and MAM brokers trustworthy?
As is the case with all forex brokers, this is dependent on the broker and its licenses. In general, brokers regulated by top-tier financial supervisors have a good reputation. A broker you can trust should also offer excellent 24/5 or 24/7 customer support services, implement robust security measures like SSL encryption, and store client money in secure bank accounts away from its own operating capital.
Conclusion
In conclusion, MAM and PAMM accounts offer a unique and innovative way for traders to manage their investments and achieve their financial objectives. Both account types provide a range of benefits, including diversification, professional management, transparency, and flexibility, making them attractive options for investors of all levels. Which one you go for depends on the investor’s individual needs and preferences.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 17 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker’s service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at [email protected] or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.