Best PAMM Account

Below, we go over the best PAMM Account Forex Brokers. We base our research on various factors such as fees, regulations, trading platforms, etc.

Best Pamm Account Forex Brokers

Below we list the best PAMM account brokers based on our analysis and research.

  1. AvaTrade – Best PAMM Account Overall
  2. FP Markets – Ideal for high-volume PAMM traders
  3. IC Markets – Excellent PAMM Forex Broker for Scalping
  4. RoboForex – Best PAMM Account Broker For New Traders
  5. FxPRO – Broker for Low Deposit PAMM Accounts
  6. BlackBull Markets – Popular PAMM Forex Broker with ECN Account
  7. HF Markets – Good PAMM Broker
  8. OANDA – Well-Regulated PAMM Trading Account
PAMM Forex Broker Regulated By PAMM Platform Minimum Deposit
RoboForexRoboForex FSC MT4, MT5, c-Trader, R-Trader $10
FxProFxPro CySec  MT4, MT5, cTrader $100
BlackBull MarketsBlackBull Markets ASIC, VFSC MT4, MT5 $50
IC MarketsIC Markets FSA, ASIC, SCB, CySec MT4, MT5, cTrader $200
FP MarketsFP Markets CySEC and ASIC MT4 $100
HF MarketsHF Markets DFSA, FSCA, FCA MT4 $250
Our Top Pick
AvaTrade Logo

PFI Rating: 4.9/5

1. AvaTrade

Founded in 2006 in Dublin, Ireland, AvaTrade is the most trusted PAMM account broker. They have over 300,000 users and handle over 2 million transactions per month.

They place profitable trades using complicated automated algorithms so that their downlines can make money.

76% of retail investor accounts lose money when trading CFDs with this provider.

The expert advisers on AvaTrade can easily handle huge block orders and use various trading methods.

AvaTrade provides access to a variety of powerful and adaptable trading platforms, including AvaTradeGo, AvaOptions, Trading Central, MT4, MT5, DupliTrade, ZuluTrade etc. You can use these to trade on international markets.

Offers a demo accountIt could take up to 10 days for withdrawals
The AvaTrade Customer Support team is accessible in multiple languages
Competitive spread throughout various platforms
Low Spreads PAMM Account
FP Markets Logo

PFI Rating: 4.9/5

2. FP Markets

With spreads as low as 0.0 Pips, FP Markets enables clients to trade CFDs on various financial instruments, including forex, shares, indices, commodities, and cryptocurrencies.

The Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission (ASIC) regulate FP Markets (CySEC).

On Official Website

FP Markets offers a variety of Forex Managed accounts, including a PAMM account. You can use EAs with the FP Markets PAMM account.

Offering MetaTrader 4 and 5High CFD Stock Fees
Simple, quick account opening
Various Account Types
IC Markets Logo

PFI Rating: 4.8/5

3. IC Markets

IC Markets Trading Company was established in Sydney, Australia, in 2007.

The Australian Securities and Investment Commission (ASIC) and the Australian Financial Services License (AFSL) both provide the broker a license (ASIC).

On Official Website

The “Investment Manager” program, which IC Markets offers to its customers, offers advisory services on participating in the MAM, PAMM, and LAMM systems.

Low commission costs and spreadLimited assets available for trading
Great variety of resources
RoboForex Logo

PFI Rating: 4.7/5

4. RoboForex

RoboForex is an online FX broker specializing in trading automation, notably by enabling customers to invest in other traders, much like a forex PAMM account.

RoboForex is committed to delivering the most excellent trading setting through cutting-edge technologies.

On Official Website

International broker RoboForex has 11 years of experience in the financial sector. Eight asset classes and more than 12,000 trading instruments are available on RoboForex.

Numerous trading platforms are available for download from RoboForex. There are several platforms for RoboForex trading, including MetaTrader4, MetaTrader5, cTrader, R.WebTrader, and R.StocksTrader.

Order ExecutionNo accounts with fixed spreads
5 Base CurrenciesDoes not accept clients from the United States, Canada, Australia, and Japan
FxPro Logo

PFI Rating: 4.7/5

5. FxPro

Another well-known brand to consider while looking for a reliable PAMM broker is FxPro.

Their managers offer investors thorough updates on trade success and allocate funds to transactions depending on the best outcomes.

On Official Website

They offer open commission policies, markup fees, and performance fees that your pamm account manager can decide.

Funds are then distributed following the proportional equity balance of each account. FXPRO offers MT5, MT5, and customized platforms like cTrader.

Good Forex SpreadsFew Tradeable Markets Outside Forex
Range of Pricing Options
Blackbull Markets Logo

PFI Rating: 4.7/5

6. BlackBull Markets

BlackBull Markets is a New Zealand-based FX and CFD broker established in 2014.

The broker has been recognized on the Financial Services Provider Register (FSPR) since the end of 2014 and has had full authorization from the Financial Markets Authority (FMA) of New Zealand since 2020.

On Official Website

BlackBull Markets provides a comparable service to the top forex PAMM accounts available through ZuluTrade and Myfxbook.

Customers can ‘invest' in brokers through these third-party platforms and instantly mimic their trades.

BlackBull does, however, provide a “lead and follow” service that functions similarly to a PAMM platform but calls for an institutional account to use.

Low forex and CFD costsWithdrawal Fee
Excellent educational resourcesLack of research tools
HF Markets

PFI Rating: 4.5/5

7. HF Markets

The HF Markets PAMM Account is only accessible through St. Vincent and the Grenadines-based company HF Markets SV Ltd.

This account type's function is to simplify handling many trading accounts. The balances of the accounts' owners may vary.

On Official Website

You can apply for a PAMM Account as an investor and a PAMM money manager. The management of all trades takes place in MT4 and is mirrored in other MT4 accounts.

Depending on your demands, you can maintain various PAMM sub-accounts at HF Markets. The PAMM HF Markets account allows for dynamic adjustment of the allocation techniques based on sub-account equity.

HF Markets makes the statistics of PAMM fund managers available to the public. A $250 deposit is required to start an HF Markets PAMM account.

The default MetaTrader suite is improved by Premium Trader Tools created by FX Blue LabsLimited Deposit Methods
3500+ Trading Instruments, Including Physical StocksLimited Base Currencies
Oanda Logo

PFI Rating: 4.5/5


OANDA is a United States-based fx broker with more than 25 years of business expertise.

Clients can start API trading with OANDA, which enables them to link their accounts to a third-party platform. Clients can automate the trading process by giving their wealth to money managers through this technique.

On Official Website

Due to its simplicity and the fact that there is no minimum deposit requirement and customers may take advantage of a commission-free trading system, OANDA is the best PAMM forex broker.

Excellent research toolsOnly FX and CFD are offered
Quick and simple account opening

What is a PAMM Account and How Does it Work?

It's not difficult to understand how Forex PAMM accounts operate. You essentially give money to an account manager who manages multiple accounts. Sometimes PAMM accounts are associated with social trading or copy trading.

The amount of money in the account varies by ratio and comprises many individual investors. The account manager trades in foreign exchange. You receive gains and losses depending on the amount of your original deposit in the PAMM account.

PAMM (Percentage Allocation Management Module) is a trading platform that manages an infinite number of managed accounts simultaneously.

They offer traders the option to transfer their funds to a money manager, who will execute trades on their behalf.

Through PAMM Accounts, traders can automate the trading process and trade without taking manual actions.

When using a PAMM account, you give your money to a manager who can handle unlimited accounts simultaneously.

Every managed account in PAMM has a different ratio based on the deposit size. The trades, profits, and losses are divided between managed accounts based on the ratio.

When using a PAMM account, note that you trust your funds with the account manager.


Here are a few common questions regarding PAMM Accounts:

Why should I invest in PAMM accounts?

You should invest in PAMM accounts mainly because it is among the safest forms of forex investment. Although it does not eliminate risk, it does let you diversify it. Additionally, all needed to become an investor is the desire to generate passive income.

Is a PAMM account safe?

Using a PAMM Account can be safe if you take all the required precautions and know what you are doing.
Even while trading with a PAMM account carries some inherent risks, as long as you know how they operate and are confident in your choice of broker, you shouldn't have any need for concern.

What is the difference between PAMM and MAM?

MAM accounts are similar to PAMM accounts. The only difference is that the money manager can create sub-accounts with different trading criteria. A MAM account, for instance, can include sub-accounts that deal with a small batch size or more leverage, depending on the requirements of the investors.

About the author

Ziga Breznik is the owner and head of research at – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.