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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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 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.
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
Cons
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
- 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.
- 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.
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
- The WebTrader performed well in our tests, featuring an easy-to-use interface for beginners and strong charting tools, including 6 chart layouts and over 60 technical indicators.
- 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
- 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.
- AvaTrade’s WebTrader has improved, but it needs more customization as widgets like market watch and watchlists can't be hidden, moved, or resized.
- While the deposit process is smooth, AvaTrade doesn't support crypto payments, unlike TopFX, which caters to crypto-focused traders.
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 reliable 24/5 support, especially for account and funding matters, based on direct experience.
- 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
- Despite having four top-tier third-party platforms, there is no in-house software or trading app specifically designed for new traders.
- 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.
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.
- The variety and quality of charting platforms and social trading features are superb. TradingView, MT4, MT5, and cTrader cater to diverse trading preferences.
Cons
- Fusion Market falls short in providing educational resources compared to competitors like eToro and IG. It offers few guides and live video tutorials for inexperienced traders.
- The lack of a beginner-friendly trading platform or app is a significant disadvantage compared to AvaTrade.
- Non-Australian traders need to register with global entities that have less regulation, limited safety measures, and no protection against negative balances.
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
- FXCC, a MT4 broker, provides top-notch charting tools and exceptional support for algo traders, and comes with a complimentary VPS.
- No deposit fees are charged, except for standard crypto mining fees. This is beneficial for active traders.
- 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 variety of currency pairs surpasses most options, but the choice of other assets is limited, specifically, there are no stocks.
- High withdrawal fees might surprise traders; there's a substantial $45 fee for bank wire transfers.
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.