Brokers With PAMM Accounts

PAMM (Percentage Allocation Management Module) accounts pool money for professional investors to trade forex, crypto or other markets. Our team explain how PAMM accounts work, typical commissions, UK regulations, plus the pros and cons. Our traders also list the best brokers with PAMM accounts in 2025:

Best PAMM Brokers

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    Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.

    Instruments Regulator Platforms
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:30 (Retail), 1:500 (Pro)
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    FXCC, a well-established brokerage since 2010, offers cost-effective online trading. Registered in Nevis and regulated by CySEC, it is distinguished by its ECN conditions and absence of a minimum deposit requirement. The account opening process is efficient, taking under five minutes.

    Instruments Regulator Platforms
    CFDs, Forex, Indices, Commodities, Crypto CySEC MT4, MT5
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:500
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    IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA, CMA MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
    Min. Deposit Min. Trade Leverage
    $200 0.01 Lots 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
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    Founded in 2006, FxPro has built a reputation as a reliable non-dealing desk (NDD) broker, providing trading access across more than 2,100 markets to over 2 million clients globally. It has received over 100 industry awards, reflecting its favourable conditions for active traders.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting FCA, CySEC, FSCA, SCB, FSA FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower
    Min. Deposit Min. Trade Leverage
    $100 0.01 Lots 1:30 (Retail), 1:500 (Pro)
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    Fusion Markets, an online broker since 2017, operates under the regulation of ASIC, VFSC, and FSA. Renowned for offering cost-effective forex and CFD trading, it provides various account options and copy trading solutions to suit diverse trading needs. New clients can begin trading with a simple three-step registration process.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, Crypto ASIC, VFSC, FSA MT4, MT5, cTrader, TradingView, DupliTrade
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:500
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    BlackBull, a New Zealand-based CFD broker, offers a wide range of trading options across more than 26,000 instruments. Following a 2023 rebrand, it boasts a contemporary design and provides advanced trading tools along with ultra-fast execution speeds, averaging 20ms.

    Instruments Regulator Platforms
    CFDs, Stocks, Indices, Commodities, Futures, Crypto FMA, FSA BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:500
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    Established in 2009, Vantage provides trading on more than 1,000 short-term CFD products to over 900,000 clients. Forex CFDs are available from 0.0 pips on the RAW account via TradingView, MT4, or MT5. Regulated by ASIC, Vantage ensures that client funds are kept in separate accounts. Traders looking to copy strategies will benefit from a wide array of social trading tools.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Spread betting FCA, ASIC, FSCA, VFSC ProTrader, MT4, MT5, TradingView, DupliTrade
    Min. Deposit Min. Trade Leverage
    $50 0.01 Lots 1:30

Safety Comparison

Compare how safe the Brokers With PAMM Accounts are and what features they offer to protect traders.

Safety Comparison
Broker Trust Rating FCA Regulated Negative Balance Protection Guaranteed Stop Loss Segregated Accounts
Pepperstone 4.6
FXCC 3.3
IC Markets 4.6
FXPro 4.4
Fusion Markets 3.5
BlackBull Markets 3.8
Vantage FX 4.6

Payments Comparison

Compare which popular payment methods the Brokers With PAMM Accounts support and whether they have trading accounts denominated in British Pounds (GBP).

Payments Comparison
Broker GBP Account Debit Card Credit Card Neteller Skrill Apple Pay
Pepperstone
FXCC
IC Markets
FXPro
Fusion Markets
BlackBull Markets
Vantage FX

Mobile Trading Comparison

How good are the Brokers With PAMM Accounts at mobile trading using apps or other mobile interfaces.

Mobile Trading Comparison
Broker Mobile Apps iOS Rating Android Rating Smart Watch App
Pepperstone iOS & Android 4.4 4.1
FXCC iOS & Android 4.8 4.4
IC Markets iOS & Android 3.1 4.2
FXPro iOS & Android 4.7 4.3
Fusion Markets iOS & Android 4.8 4.4
BlackBull Markets iOS & Android 3.7 3.7
Vantage FX iOS & Android 3.6 3.9

Beginners Comparison

Are the Brokers With PAMM Accounts good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?

Beginners Comparison
Broker Demo Account Minimum Deposit Minimum Trade Support Rating Education Rating
Pepperstone $0 0.01 Lots 4.6 4
FXCC $0 0.01 Lots 4.3 2.5
IC Markets $200 0.01 Lots 4.5 3.5
FXPro $100 0.01 Lots 4 4
Fusion Markets $0 0.01 Lots 4.5 1.3
BlackBull Markets $0 0.01 Lots 4 4.3
Vantage FX $50 0.01 Lots 4.4 4

Advanced Trading Comparison

Do the Brokers With PAMM Accounts offer features that allow for more advanced trading strategies?

Advanced Trading Comparison
Broker Automated Trading Pro Account Leverage VPS AI Low Latency Extended Hours
Pepperstone Expert Advisors (EAs) on MetaTrader 1:30 (Retail), 1:500 (Pro)
FXCC Expert Advisors (EAs) on MetaTrader 1:500
IC Markets Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FXPro Expert Advisors (EAs) on MetaTrader, cBots on cTrader 1:30 (Retail), 1:500 (Pro)
Fusion Markets Expert Advisors (EAs) on MetaTrader, cBots on cTrader 1:500
BlackBull Markets Expert Advisors (EAs) on MetaTrader, cTrader Automate 1:500
Vantage FX Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader 1:30

Detailed Rating Comparison

Use this heatmap to compare our detailed ratings for all of the Brokers With PAMM Accounts.

Detailed Rating Comparison
Broker Trust Platforms Mobile Assets Fees Accounts Support Research Education
Pepperstone 4.6 4.4 4.3 3.8 4.5 4 4.6 4.3 4
FXCC 3.3 3.3 4.6 3 4 3.5 4.3 2 2.5
IC Markets 4.6 4 3.7 3.5 4.6 4 4.5 4 3.5
FXPro 4.4 4.3 4.5 4 4 3.8 4 4 4
Fusion Markets 3.5 4 4.6 3.3 4.4 4 4.5 3.5 1.3
BlackBull Markets 3.8 4.6 3.7 4 3.8 4.3 4 4 4.3
Vantage FX 4.6 4.3 3.8 4.5 4.4 4.5 4.4 4 4

Our Take On Pepperstone

"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Tobias Robinson
Tobias Robinson
Reviewer

Pros

  • The award-winning customer support can be accessed through phone, email, or live chat. During tests, response times have consistently been under 5 minutes.
  • Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex.
  • In recent years, Pepperstone has significantly enhanced the deposit and withdrawal process. By 2025, clients can use Apple Pay and Google Pay, while 2024 saw the introduction of PIX and SPEI for customers in Brazil and Mexico.

Cons

  • Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
  • Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
  • Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.

Our Take On FXCC

"FXCC remains a top choice for forex traders, offering over 70 currency pairs, very tight spreads from 0.0 pips in tests, and high leverage up to 1:500 with the ECN XL account."

Pros

  • The complimentary education section, featuring the 'Traders Corner' blog, provides a wide array of resources suitable for traders of all experience levels.
  • There are no limitations on short-term trading techniques such as trading and scalping.
  • FXCC offers competitive and transparent ECN spreads starting from 0.0 pips, with no commissions. This makes it one of the most cost-effective forex brokers available.

Cons

  • The range of research tools, such as Trading Central and Autochartist, is quite limited. Leading platforms in this category, like IG, offer more advanced features.
  • FXCC's exclusive MetaTrader platform is a limitation, especially when compared to more versatile options like AvaTrade, which offers five different platforms to cater to various trader needs.
  • Unaware traders might face steep withdrawal fees, such as a notable $45 for bank transfers.

Our Take On IC Markets

"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."

Pros

  • In 2025, IC Markets earned DayTrading.com's accolade for 'Best MT4/MT5 Broker' due to its top-tier MetaTrader integration. This achievement highlights the broker's continuous refinement over the years to enhance the platform experience.
  • IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders.
  • Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.

Cons

  • Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals.
  • Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
  • The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.

Our Take On FXPro

"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."

Pros

  • FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
  • FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
  • FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.

Cons

  • There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
  • FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
  • FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.

Our Take On Fusion Markets

"Fusion Markets offers forex traders competitive pricing with minimal spreads, low commissions, and new TradingView integration. It is an excellent choice, especially for Australian traders, given its base and regulation by ASIC."

Pros

  • The selection of charting platforms and social trading features is outstanding. Options like MT4, MT5, cTrader, and the newer TradingView meet diverse trader preferences.
  • Fusion Markets provides algo traders with a sponsored VPS and offers a 25% discount for choosing the NYC Servers VPS for MT4 or cTrader.
  • Fusion Markets provides exceptional support, characterised by rapid, friendly, and efficient responses. Unlike other platforms, it doesn't utilise automated chatbots, ensuring traders experience a seamless interaction.

Cons

  • The demo account, lasting only 30 days, is limited in its effectiveness as a trading tool when used with a live account.
  • Traders from outside Australia need to register with loosely regulated international firms that offer limited protection, lacking both safeguards and negative balance protection.
  • The broker stands out with its extensive selection of currency pairs, surpassing most competitors. However, its alternative investment options are merely average, lacking stock CFDs outside the US.

Our Take On BlackBull Markets

"Following the upgrade to Equinix servers in New York, London, and Tokyo, BlackBull has reduced latency, making it a clear choice for stock CFD trading using ECN pricing."

Pros

  • BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.
  • BlackBull provides everything a trader needs: execution speeds under 100ms, leverage as high as 1:500, and competitive spreads starting at 0.0 pips.
  • BlackBulls's research excels, particularly in the daily 'Trading Opportunities' articles. These publications simplify complex market dynamics into clear insights, enabling traders to effectively capitalise on emerging trends.

Cons

  • Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average.
  • Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds.
  • BlackBull does not offer its own trading platform, instead utilising MetaTrader, cTrader, and TradingView. Although these platforms are highly regarded, some brokers, such as eToro, provide proprietary platforms with distinct features that cater well to novice traders.

Our Take On Vantage FX

"Vantage is an ideal choice for CFD traders looking for a well-regulated broker with access to the dependable MetaTrader platforms. With a swift sign-up process and a minimum deposit of $50, starting trading is simple and fast."

Pros

  • Vantage addresses the needs of passive investors through user-friendly social trading on ZuluTrade and Myfxbook.
  • The trading software suite is outstanding, featuring the acclaimed MT4 and MT5 platforms.
  • Vantage upholds a high trust score through its solid reputation, backed by premier regulation from the FCA and ASIC.

Cons

  • Regrettably, cryptocurrencies are accessible solely to clients in Australia.
  • To access optimal trading conditions, a substantial deposit of $10,000 is required. This includes a commission of $1.50 per transaction per side.
  • It's unfortunate that some clients must register with the offshore firm, which provides reduced regulatory safeguards.

What Are PAMM Accounts?

Percentage Allocation Management Module, or Percentage Allocation Money Management, accounts are a form of pooled money trading. Investors allocate their funds to experienced money managers and traders. The money managers then take a percentage of the profits produced.

PAMM accounts are a popular option for investors who don’t have the time to trade themselves. The PAMM trading system is mostly used in forex, but some brokers, like FXOpen, also offer PAMM accounts for cryptocurrency, including Bitcoin and Litecoin.

How Do PAMM Accounts Work?

Similar to LAMM and MAM, PAMM derives its name from the technology that allows money managers to control and trade pooled funds. This account is a collection of the funds allocated by the investors as well as the money manager’s trading capital.

Brokers with PAMM accounts typically advertise money managers to potential investors on their platform, giving details about the manager’s experience, past profitability, asset allocation etc. Interested investors can then choose to allocate money from their individual accounts to the pooled fund.

To do so, investors may need to sign up with a Limited Power of Attorney (LPOA). This is a signed agreement to ensure investors agree to take on the risk for the trades. The LPOA also details the fee the manager charges (flat or percentage).

PAMM accounts are offered by several leading brokers, like Pepperstone and FXCC, who usually provide information about the money managers on their platform. However, ultimately, the risk of losses comes down to you as an investor.

Example

There are three main players in the PAMM account setup: the forex broker, the money manager and the investors.

Let’s assume the money manager charges 10% of the profit made from the PAMM account and two investors are interested in investing.

The total value of the PAMM pooled fund is £10,000 with the allocation as follows:

  • Investor 1: £5,000 (50%)
  • Investor 2: £2,000 (20%)
  • Money manager: £3,000 (30%)

After one trading period, the money manager’s investments have led to a 50% profit on the fund. As such, the current fund value is £15,000. The fund has made a profit of £5,000. The manager then takes 10% of the profit (£500) before reallocating the remaining profit (£4,500) to Investor 1 and Investor 2.

  • Investor 1: 50% * £4,500 = £2,250
  • Investor 2: 20% * £4,500 = £900
  • Money manager: 30% * £4,500 = £1,350 (+£500)

The investors can then choose whether they want to take money out of the account or invest more.

Now, let’s assume that instead of making a 50% profit, the money manager makes a 10% loss in the trading period. The fund’s value would fall from £10,000 to £9,000. Because no profit was made, the manager cannot take a 10% cut of the profits. Instead, the loss is absorbed by the two investors as such:

  • Investor 1: -10% * £5,000 = -£500
  • Investor 2: -10% * £2,000 = -£200
  • Money manager: -10% * £3,000 = -£300

What Do Brokers With PAMM Accounts Do?

PAMM brokers play several key roles. Firstly, they should provide a reliable, secure platform that gives the investors and money managers clear communication channels. They should also provide an investing platform for money managers to trade effectively.

Finally, PAMM brokers should provide details about the money managers to potential investors. This includes reviews from previous investors, feedback channels, transparent performance reporting, risk ratings and strategy details.

Table of best PAMM accounts at FXPrimus

FXPrimus Top Performing PAMM Accounts

Pros Of PAMM Accounts

Brokers with PAMM accounts offer several advantages:

  • Hands-off forex trading for investors
  • Money managers need to be accepted by the brokers and therefore are usually experienced traders
  • PAMM companies should protect clients by ensuring the managers cannot withdraw investors’ funds from the account, but only their own capital/profits
  • Money managers need to invest some of their own funds and normally only receive a commission on profits, aligning the interests between investors and the manager
  • Investors can normally review strategy details, risk ratings, and demo account performance before investing funds into the pooled account

Cons Of PAMM Accounts

Before you open a PAMM account, it is also worth considering the drawbacks:

  • There is no guarantee that the money manager will be profitable
  • Investors don’t have control over which assets the manager invests their capital into
  • The amount of information provided about the money managers varies between PAMM brokers

How To Compare PAMM Brokers

Here are the key points to look for when comparing brokers with PAMM accounts:

Regulation

UK traders can be assured that PAMM brokers licensed by the Financial Conduct Authority (FCA) should follow industry-standard investor protection protocols. This includes liquidation compensation under the Financial Services Compensation Scheme (FSCS).

Top FCA-regulated brokers with PAMM accounts include Vantage.

Platforms

Money managers with advanced platforms will have an edge when it comes to performing trades.

For example, Pepperstone offers PAMM software with direct integration to the popular MetaTrader 4 and MetaTrader 5 platforms, giving managers access to a range of tools and features with a secure login. This includes a selection of time frames, expert advisors, multiple order types and over 30 built-in technical indicators.

Minimum Deposit

Some brokers focus on providing PAMM services to larger or professional investors, whilst others appeal to new investors. As such, the minimum investment can vary.

Entry-level PAMM accounts typically require a starting payment of £10+, while premium services may require an initial investment of £1000+.

Bottom Line On PAMM Accounts

Brokers with PAMM accounts connect investors with experienced forex traders. PAMM accounts are particularly attractive to newer traders or those with limited time and money to invest. However, there is still a risk of losing your investment and you may have limited control over how the funds are traded once you hand them over.

See our list of the best brokers with PAMM accounts to get started.

FAQ

What Is A PAMM Account?

PAMM accounts pool money from a group of investors that is then managed by an experienced trader, also known as a money manager. The money manager will use the funds to trade forex. After a commission on the profits is paid, they are redistributed to the investors, who can earn without trading themselves.

Do UK Brokers Offer PAMM Accounts?

Yes, many brokers in the UK offer PAMM accounts. Among the best providers are Pepperstone and FXCC.

Unfortunately, some popular UK companies, like eToro and Interactive Brokers, do not offer a PAMM trading service.

How Do You Become A PAMM Account Manager?

How to become a PAMM account manager varies by broker. Typically, you will need to show you have experience trading profitably, and preferably experience as a professional or institutional trader.

Pepperstone, for example, requires traders to have at least 3 years of experience as well a relevant regulatory licence. As such, becoming a PAMM manager is primarily reserved for qualified, experienced traders.

How Do PAMM Forex Accounts Work?

PAMM systems work by pooling the money of interested investors and providing this pool to an experienced trader. The trader/manager then uses the funds to invest in the forex market to generate profits. The manager charges a fee on the profits made before redistributing them to the investors. This is based on the share of the pooled funds the investor handed over.

Can You Only Open PAMM Accounts For Forex?

Most PAMM accounts are built for forex trading. However, some brokers also offer cryptocurrency PAMM accounts, including FXOpen.