Best Brokers With PAMM Accounts 2025
We’ve tested and rated the best PAMM brokers for hands-free trading with expert management and profit-sharing for traders seeking passive income.
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1Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.9 Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.8 IC Markets is a renowned forex and CFD broker recognized for its high-quality pricing, extensive range of trading tools, and superior trading technology. Established in 2007 in Australia, it operates under the oversight of ASIC, CySEC, and FSA. It has drawn in over 180,000 traders from across 200 countries. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5 Fusion Markets, an online broker since 2017, is regulated by the ASIC, VFSC and FSA. Known for its low-cost forex and CFD trading, it offers a variety of accounts and copy trading options for all types of traders. New traders can register and begin trading in three easy steps. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5 FXCC, established in 2010 and regulated by CySEC, provides affordable online trading. The company, registered in Nevis, is renowned for its ECN trading conditions. Traders appreciate its zero minimum deposit requirement and the straightforward account setup process that settles in less than 5 minutes.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Fee and Cost Comparison
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Broker Popularity
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Broker | Popularity |
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Dukascopy |
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AvaTrade |
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IC Markets |
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Fusion Markets |
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Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
Cons
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
Why Trade With AvaTrade?
AvaTrade provides traders with essential tools: an intuitive WebTrader, strong AvaProtect risk management, a quick 5-minute sign-up, and reliable support for fast-paced markets.
Pros
- AvaTrade's support team did well in tests, responding within 3 minutes and providing local support in major regions like the UK, Europe, and the Middle East.
- AvaTrade enhances its products with AvaFutures, offering an alternative to trade over 35 markets with low trading margins.
- Years later, AvaTrade is still among the few brokers with a custom risk management tool, AvaProtect, which insures losses up to $1M for a fee and is simple to use on the platform.
Cons
- While the deposit process is smooth, AvaTrade doesn't support crypto payments, unlike TopFX, which caters to crypto-focused traders.
- Signing up is easy, but AvaTrade doesn't offer an ECN account like Pepperstone or IC Markets, which provides raw spreads and fast execution that many traders want.
- The AvaSocial app is satisfactory but could be better. Its design, usability, and navigation between strategy providers and account management need improvement to compete with top platforms like eToro.
Why Trade With IC Markets?
IC Markets provides excellent prices, quick execution, and smooth deposits. The utilization of sophisticated charting platforms such as TradingView and the Raw Trader Plus account makes it a preferred choice for intermediate to advanced traders.
Pros
- IC Markets provides some of the smallest spreads in the industry, offering 0.0-pip spreads on major currency pairs. This makes trading particularly cost-efficient for traders.
- You can trade more than 2,250 CFDs in various markets, such as forex, commodities, indices, stocks, bonds, and cryptocurrencies. This range enables varied trading strategies.
- IC Markets won DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its top-notch MetaTrader integration, perfected over years to enhance the platform experience.
Cons
- Interest is not earned on unused funds, a feature commonly available at other platforms such as Interactive Brokers.
- IC Markets have a selection of metals and cryptos for trading through CFDs, but their range is not as wide as brokers such as eToro. This may limit options for traders who are interested in these asset types.
- The range and quality of educational materials, such as tutorials and webinars, require improvement. This lag falls behind competitors like CMC Markets and reduces its suitability for novice traders.
Why Trade With Fusion Markets?
Fusion Markets is a top choice for forex traders seeking competitive prices with near zero spreads, minimal commissions, and new TradingView integration. The company, based and regulated in Australia by the ASIC, is especially suitable for Australian traders.
Pros
- The Market Buzz and Analyst Views features are useful tools for finding opportunities. They are easily accessible within the client dashboard.
- Fusion Markets stands out for its competitive pricing, offering narrow spreads and lower-than-average commissions attractive to active traders.
- Fusion Markets offers a supported VPS solution for algorithmic traders, including a 25% discount if they choose the NYC Servers VPS for their MT4 or cTrader platforms.
Cons
- Non-Australian traders need to register with global entities that have less regulation, limited safety measures, and no protection against negative balances.
- The demo account lasts for 30 days, reducing its usefulness as a trading tool together with a real-money account.
- The broker provides a wide selection of currency pairs, surpassing most competitors. However, their alternative investment options are just average and offer no stock CFDs outside of the US.
Why Trade With FXCC?
FXCC consistently shows its strength as a choice for forex traders. It offers over 70 types of currency pairs, low spreads starting from 0.0 pips that we've seen in tests, and high leverage of up to 1:500 with the ECN XL account.
Pros
- The free education area, featuring the 'Traders Corner' blog, provides a range of resources suitable for traders of various experience levels.
- There are no limitations on short-term trading strategies such as trading and scalping.
- FXCC offers competitive ECN spreads starting at 0.0 pips with no commissions, making it one of the most affordable forex trading platforms.
Cons
- A limited range of research tools such as Trading Central and Autochartist are available, similar to those offered by industry leaders like IG.
- The MetaTrader suite is great for technical analysis, but its outdated design affects the trading experience, especially when compared to modern options like TradingView.
- FXCC's exclusive use of MetaTrader is a disadvantage compared to alternatives like AvaTrade, which offers five platforms for different trader preferences.
Filters
Understanding PAMM Accounts
PAMM accounts, short for Percentage Allocation Management Module accounts, offer a unique way to invest. Essentially, you team up with an experienced trader and let them trade on your behalf. The trader combines their own money with investors’ funds (like yours) to trade, often in the foreign exchange (forex) market. Profits or losses are split among investors based on how much each has put into the total pool.
PAMM accounts are attractive to people who want to make money from forex trading but may not have the time or expertise to do it themselves. By tapping into the knowledge of seasoned traders, investors hope to earn returns without having to manage the trading themselves.
How We Selected the Top PAMM Brokers
To find the best brokers for PAMM accounts, we looked at several important factors:
– We made sure the brokers offered a PAMM account option.
– Trust is crucial, so we focused on brokers with strong reputations. For example, Pepperstone is a reliable PAMM broker with multiple top-tier licenses.
– We checked available reports from fund managers. LQDFX, for instance, provides detailed statistics on over 270 money managers, showing account performance and risk measures.
– We preferred brokers with a low minimum investment requirement. GO Markets requires a $500 deposit to get started, which is quite standard.
– User-friendly tools were important, too. Vantage, for example, offers an easy-to-use dashboard to track how your PAMM account is doing.
– We evaluated the cost structure for using PAMM accounts. GO Markets charges a straightforward performance fee based on profits.
– Customer service reliability was a factor. M4Markets stood out with quick response times and helpful information regarding PAMM accounts.
What Is a PAMM Account?
A PAMM account is a managed trading account where you let an experienced trader manage your investments. It involves two main parties: investors (like you) and a money manager (the trader). Both parties register with a brokerage, where all the investors’ money is pooled together for the money manager to trade.
Typically, most investors in a PAMM account are regular traders looking for someone skilled to handle their funds. While seasoned traders usually manage these accounts, sometimes particularly talented amateurs can take on the role.
It’s crucial to remember that there’s no certainty in making a profit, and there’s a risk of losing your investment.
How Do PAMM Accounts Work?
Let’s break down how PAMM accounts function with an example:
Initial Investment:
- Trader A: $1,500 (15%)
- Trader B: $3,500 (35%)
- Trader C: $2,000 (20%)
- Money Manager: $3,000 (30%)
- Total: $10,000
Imagine the money manager invests in various forex currencies anticipating certain market movements. But, due to an unforeseen geopolitical event, currency values drop, and the total pool loses 10%, falling to $9,000.
Reacting quickly, the manager shifts strategy to focus on more stable currencies and short sells affected ones. This smart move not only recovers losses but achieves a 20% profit on the original $10,000, resulting in a new total of $12,000.
Before distributing profits, the money manager takes a 15% performance fee from the $2,000 profit, leaving $11,700. This amount is then distributed based on each person’s investment percentage.
Final Distribution:
- Trader A: 15% of $11,700 = $1,755
- Trader B: 35% of $11,700 = $4,095
- Trader C: 20% of $11,700 = $2,340
- Money Manager: 30% of $11,700 = $3,510 plus the $300 performance fee = $3,810
The Bottom Line
PAMM accounts are managed accounts that let you invest a portion of your money with an experienced trader, who then handles trading for you. This can reduce the effort needed to be involved in forex trading, as you rely on the knowledge of the trader. However, remember that profits aren’t guaranteed, and finding a trustworthy broker with good managers can be challenging. That’s why we suggest checking out our list of top brokers offering PAMM accounts that our experts have extensively reviewed.
FAQ
What Are The Benefits of PAMM Accounts?
With PAMM accounts, investors can potentially profit from the forex market by letting experienced traders manage their funds, providing a largely hands-off trading experience. Money managers are motivated by performance-based fees, and investors can select from various managers to diversify their risk.
What Are The Risks of PAMM Accounts?
Investing in PAMM accounts involves the risk of losing money, largely tied to the money manager’s decisions, over which investors have limited influence. Moreover, a lack of detailed insight into a manager’s strategy can make it harder to grasp and judge potential risks.
Are PAMM Accounts Only Available for Forex?
While PAMM systems are mainly used for forex trading, they aren’t exclusive to it. Some brokers, like Alpari, offer PAMM services that include trading in cryptocurrencies such as Bitcoin as well.