Top and The Best Forex Brokers With PAMM, MAM, LAMM Accounts

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Forex trading involves a great deal of risk. A trader should have the required skills and experience for tackling the markets in a consistent manner in order to earn profits. In addition, traders should be persevering and disciplined. As a result, only a few traders succeed in forex trading. Most investors generally do not have the qualities needed to succeed as a forex trader. There is no need to lose hope if you are planning to get involved in forex trading.

You can always hire the services of successful traders and derive benefits from the high liquidity forex market. Established traders provide managed account services for a fixed fee payment. Most forex brokers are now making available managed account services and more popular among retail traders.

Managed Account Services

Basically, brokers offer three types of managed accounts. These are the PAMM, MAM, and LAMM accounts.

#1: Percentage Allocation Management Module (PAMM)

Top and The Best Forex Brokers With PAMM, MAM, LAMM AccountsThis account enables investors to earmark a part of their funds for copy trading. PAMM allows investors to follow other accounts and allocate different percentages to each of the trading systems. The account offers more flexibility to the investor as he/she can choose different trading systems and protect himself/herself against performance issues arising out of master trading accounts.

The parties involved in this type of account are the broker (does not charge any commission for the services), investors (they put money into this account), and the master account manager (he/she makes all the trading decisions). The manager may also be an investor gets a fee based on the profits generated in the PAMM account. The profits are distributed to investors in the proportion to their investments.

Top Forex Brokers With PAMM Accounts

Broker Info Bonus Open Account
HYCM Logo Min Deposit: $100
Spread: From 0,2 Pips
Leverage: 1:200
Regulation: FCA UK (#186171), CySEC (#259/14), CIMA (1442313) and DFSA (F000048)
10% Welcome Bonus up to $5,000 Visit Broker
No Deposit Bonus Instaforex Broker Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia, FCA UK
Visit Broker
ThinkMarkets Forex Broker regulated by ASIC and FCA UK Min Deposit: $250
Spread: as low as 0.1 pips
Leverage: up to 400:1
Regulation: ASIC Australia and FCA UK
Visit Broker
avatrade forex cfd broker Min Deposit: $100
Spread: Starting From 0.9 pips
Leverage: 400:1
Regulation: MIFID, FSB & ASIC
Visit Broker

PAMM accounts are popular in Russia and Europe, but in the U.S. they are highly regulated

#2: Multi-Account Manager (MAM)

A MAM account enables an established trader to manage several trading accounts from a single terminal. This account manages a large pool of fund, which is a collection of deposits available in individual trader and investor accounts. All orders are placed from the master trading account. These orders get reflected on each of the associated accounts as per the parameters that the investor sets.

Investors can also enter orders through individual accounts and modify trades as per their preferences. The master trader is paid a fee on the basis of his performance and returns on investment. MAM is an advanced managed account service and provides better control to an investor. It incorporates the features offered by the PAMM and LAMM accounts.

Trusted Forex Brokers That Offer MAM

Broker Info Bonus Open Account
avatrade forex cfd broker Min Deposit: $100
Spread: Starting From 0.9 pips
Leverage: 400:1
Regulation: MIFID, FSB & ASIC
Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia, FCA UK
Visit Broker
exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker
FXOpen ECN Broker Min Deposit: $300
Spread: floating, from 0 pips
Leverage: 500:1
Regulation: FCA UK reference number 579202
Visit Broker
ETX CAPITAL Forex Binary Options SpreadBetting Broker Min Deposit: $100
Spread: From 0.7 pips
Leverage: 400:1
Regulation: FCA UK reference number 124721
Visit Broker
FBS Markets Inc forex broker Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$100 No-Deposit Bonus, 100% Deposit Bonus, Lucky T-shirt, iPhone 6s Plus Visit Broker
xm best forex broker Min Deposit: $5
Spread: From 0 Pips
Leverage: 500:1
Regulation: ASIC, CySEC, FCA (UK), IFSC Belize
“50% +20% deposit bonus up to $5,000, Loyalty Program Bonus Visit Broker
HYCM Logo Min Deposit: $100
Spread: From 0,2 Pips
Leverage: 1:200
Regulation: FCA UK (#186171), CySEC (#259/14), CIMA (1442313) and DFSA (F000048)
10% Welcome Bonus up to $5,000 Visit Broker
No Deposit Bonus Instaforex Broker Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonus Visit Broker

Forex brokers offering MAM account option to clients because one manager can handle several clients and maintain activity in their accounts.

#3: Lot Allocation Management Module (LAMM)

In LAMM type of accounts, the investor exercises the option to choose the number of lots to be traded in the market and the profit/loss is worked on the basis of lots invested. LAMM is the predecessor of the PAMM. This type of account service is usually employed when the percentage allocation does not have any significance because of the higher level of trading capital involved. This is because there can be significant issues when filling interbank exchange orders.

Having discussed a little bit about PAMM, MAM, and LAMM accounts, here a few forex brokers that offer the same:

#1: InstaForex

instaforex best pamm forex broker

The brand InstaForex was launched in 2007. Currently, instaforex broker has more than 3,000,000 customers. Further, over 1,000 customers open accounts every day. They enable ECN forex trading, contracts on derivatives and other instruments.

Broker Type – ECN
Regulation – Central Bank of Russia (CBR), CySEC, FFMS
Minimum Deposit – $1
Deposit Options – Credit Card, Bitcoin, Skrill Moneybookers, PerfectMoney, QIWI, RBK money, Webmoney, Yandex.Money, Wire Transfer
Trading Platforms – MT4, MT5, WebTrader
Maximum Leverage – 1000
Minimum Lot Size – 0.01
Spreads – Fixed/Variable
Lowest Spreads for EUR/USD – 3 pips

#2: FXOpen

FXOpen ECN Broker
Spread: floating, from 0 pips
Leverage: 500:1
Min Deposit: $300
Regulated: FCA UK reference number 579202

FXOpen UK ECN

Read Review Visit Now

In 2013, FXOpen launched its online trading platform. FXOpen UK, based in London, is regulated broker by the Financial Conduct Authority in the UK.

Broker Type – ECN/STP
Regulation – FCA, UK
Platforms – Three versions of MT4
Minimum Deposit – $300
Deposit Options – Bank Wire Transfer, Credit/Debit Cards, WebMoney, Neteller, Skrill, Payza
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0 pips

#3: AvaTrade

avatrade forex cfd broker
Spread: Starting From 0.9 pips
Leverage: 400:1
Min Deposit: $100
Regulated: MIFID, FSB & ASIC

AvaTrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, AvaTrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.

Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed
Lowest Spreads for EUR/USD – 3

#4: FXTM

FXTM forex broker
Spread: from 0.1
Leverage: Up to 1 : 1000
Min Deposit: $5
Regulated: Cysec, IFSC

Forex Time (FXTM), an international online forex broker, is Andrey Dashin’s brainchild. His entrepreneurial mind and business insight were the driving force behind his first company Alpari’s success. FXTM is regulated by the International Financial Services Commission of Belize. The forex broker services a wide variety of customers, including business to business, retail and institutional investors. Additionally, the company offers several different trading instruments, accounts, and platforms that are tailored to suit the individual needs of clients.

Founding year: 2013
Headquarters: Cyprus, Office in the UK
Regulation: CySEC, FCA UK
Minimum deposit: $1
Minimum lot size: 0.01 lot
Leverage: 1:1000
Spread type: Variable; Starts from 0.1 pip
Trading platforms: MT4, MT5, MT4 for iPhone/iPad, MT5 for iPhone/iPad, MT4 for Android, MT5 for Android, MT4 for Windows Mobile, MT5 for Windows Mobile, MetaTrader 4/5 for Linux, MetaTrader 4/5 for Mac
Payment options: Credit/debit Cards (Visa, Mastercard, Maestro), China Union Pay, Moneybookers (Skrill), Neteller, Western Union, Payza, OKPay, Quick Pay, Bank Wire, etc.

#5: Pepperstone

Pepperstone review best forex broker in Australia
Spread: Starting 0 Pips
Leverage: 500:1
Min Deposit: $200
Regulated: ASIC Australia, FCA UK

Pepperstone

Read Review Visit Now

Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company has its headquarters located in Melbourne, Australia. The company has offices in Shanghai, China, and Dallas, USA.

Broker Type – Electronic Communication Network/Straight Through Processing and Direct Market Access/Straight Through Processing
Regulation – Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), UK
Platforms – MetaTrader 4, cTrader
Minimum Deposit – $200
Deposit Options – Bank Wire, Debit Card, Credit Card, WebMoney, Neteller, FasaPay, Skrill, BPAY, POLi, QIWI, PayPal, UnionPay(China), etc.
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 0.5 pips for Mini and Standard; more than 0.1 pips for ECN

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