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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    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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    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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    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
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    GO Markets is a well-regarded forex and CFD brokerage, recognised with numerous industry awards. This ECN/STP broker attracts new traders with its competitive accounts in various base currencies and flexible payment options. Regulated by CySEC and ASIC, GO Markets is a reliable choice for traders.

    Instruments Regulator Platforms
    CFDs, forex, indices, shares, energies, metals, cryptocurrencies ASIC, CySEC, FSC of Mauritius MT4, MT5, AutoChartist, TradingCentral
    Min. Deposit Min. Trade Leverage
    $200 0.01 Lots 1:500
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    Established in 2008, NordFX is an offshore CFD brokerage catering to over 1.7 million clients across 190 countries. It provides trading opportunities in forex, stocks, commodities, indices, and cryptocurrencies. Traders use the MT4 and MT5 platforms, benefiting from zero spreads and minimal commissions. The company offers significant leverage of up to 1:1000, with initial deposits starting at just $10.

    Instruments Regulator Platforms
    Forex, CFDs, indices, commodities, cryptos, stocks MT4, MT5
    Min. Deposit Min. Trade Leverage
    $10 $1 1:1000
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    Founded in 2007, Axi is a forex and CFD broker operating under multiple regulations. Over the years, it has enhanced the trading experience by broadening its stock offerings, upgrading the Axi Academy, and launching a proprietary copy trading app.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, Crypto FCA, ASIC, FMA, DFSA, SVGFSA Axi Copy Trading, MT4, AutoChartist
    Min. Deposit Min. Trade Leverage
    $0 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
FXCC 3.3
IC Markets 4.6
Fusion Markets 3.5
Vantage FX 4.6
GO Markets 4
NordFX 2.5
Axi 3.8

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
FXCC
IC Markets
Fusion Markets
Vantage FX
GO Markets
NordFX
Axi

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
FXCC iOS & Android 4.8 4.4
IC Markets iOS & Android 3.1 4.2
Fusion Markets iOS & Android 4.8 4.4
Vantage FX iOS & Android 3.6 3.9
GO Markets iOS & Android 4 4.6
NordFX iOS & Android 4.8 4.4
Axi iOS & Android 3.6 4.2

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
FXCC $0 0.01 Lots 4.3 2.5
IC Markets $200 0.01 Lots 4.5 3.5
Fusion Markets $0 0.01 Lots 4.5 1.3
Vantage FX $50 0.01 Lots 4.4 4
GO Markets $200 0.01 Lots 4 3.8
NordFX $10 $1 3.5 3.5
Axi $0 0.01 Lots 3.8 3.8

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
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)
Fusion Markets Expert Advisors (EAs) on MetaTrader, cBots on cTrader 1:500
Vantage FX Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader 1:30
GO Markets 1:500
NordFX Expert Advisors (EAs) on MetaTrader 1:1000
Axi Expert Advisors (EAs) on MetaTrader, Myfxbook 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
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
Fusion Markets 3.5 4 4.6 3.3 4.4 4 4.5 3.5 1.3
Vantage FX 4.6 4.3 3.8 4.5 4.4 4.5 4.4 4 4
GO Markets 4 3.9 4.3 3.2 3.4 3.5 4 3.8 3.8
NordFX 2.5 3.5 4.6 2.8 3.3 3.8 3.5 3.5 3.5
Axi 3.8 3.5 3.9 3 3.8 3.5 3.8 3.5 3.8

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

  • 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.
  • There are no deposit fees other than standard cryptocurrency mining charges, which benefits active traders.
  • FXCC has introduced MT5, which in our evaluations, mirrored the trading conditions of MT4 by offering swift execution, improved charting, and market depth tools.

Cons

  • The variety of currency pairs surpasses most options, but the choice of other assets is limited. Notably, stocks are absent.
  • 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.
  • While the MetaTrader suite excels in technical analysis, its outdated design detracts from the overall trading experience, particularly when contrasted with contemporary platforms such as TradingView.

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

  • Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
  • As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience.
  • 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.

Cons

  • IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes.
  • Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals.
  • Interest is not paid on idle cash, a feature gaining popularity with alternatives such as Interactive Brokers.

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

  • Fusion Markets consistently impresses traders with its competitive pricing, featuring tight spreads and lower-than-average commissions. These cost-effective options are particularly attractive to those engaging in frequent trading.
  • The market analysis tools, Market Buzz and Analyst Views, are excellent for identifying opportunities and are seamlessly incorporated into the client dashboard.
  • With an average execution speed of approximately 37 milliseconds, traders can secure optimal prices more effectively, outpacing many competitors in rapidly changing markets.

Cons

  • Traders from outside Australia need to register with loosely regulated international firms that offer limited protection, lacking both safeguards and negative balance protection.
  • Fusion Market falls short compared to competitors like IG in education, offering few guides and live video sessions for enhancing trader skills.
  • 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 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

  • The broker recently expanded its range of CFDs, offering more trading opportunities.
  • Hedging and scalping strategies are fully permitted without any short-term restrictions.
  • ECN accounts offer competitive terms, featuring spreads starting at 0.0 pips and a commission of $1.50 per trade side.

Cons

  • Based on tests, average execution speeds of 100ms to 250ms are slower compared to other options.
  • It's unfortunate that some clients must register with the offshore firm, which provides reduced regulatory safeguards.
  • Regrettably, cryptocurrencies are accessible solely to clients in Australia.

Our Take On GO Markets

"GO Markets is ideal for traders, offering robust tools and tight spreads from 0.0 pips. Beginners benefit from its copy trading feature, free demo account, and educational resources."

Pros

  • 24/5 award-winning client support.
  • Enhanced investment options in 2024 with over 1000 new stock CFDs.
  • No fee for account inactivity.

Cons

  • Several countries, such as the US, have imposed restrictions.
  • Minimum deposit requirement: £200.
  • Only two account types

Our Take On NordFX

"NordFX offers competitive conditions solely for top-tier accounts, ideal for seasoned traders pursuing zero-spread trading via MetaTrader. The minimum deposit is $100 for MT4 and $200 for MT5."

Pros

  • A diverse selection of over 25 payment methods, including local bank transfers, ensures a seamless account funding process with no fees and rapid processing times.
  • A wide array of trading tools enhances the trading environment, such as VPS hosting, calculators, live signals, and an economic calendar.
  • NordFX has enhanced its offerings by introducing Pro accounts, which utilise spread-only pricing. Additionally, Zero accounts now provide spreads starting from 0.0 on popular assets such as EUR/USD.

Cons

  • While NordFX provides competitive pricing with its Zero accounts, it lags behind more cost-effective brokers such as IC Markets. Conversely, its Pro accounts come with some of the highest spreads in the market, starting from 10 pips.
  • NordFX offers a limited market range, featuring just approximately 100 instruments. The selection of shares is especially sparse, with only about 20 available.
  • The absence of robust regulatory oversight at NordFX raises concerns. Clients face limited protection, with no negative balance safeguards and no segregated accounts.

Our Take On Axi

"Axi excels for forex trading on MetaTrader 4 with over 70 currency pairs, MT4 NextGen features, and tight spreads starting at 0.2 pips on the Pro account."

Pros

  • Experienced traders are invited to join the Axi Select funded trader programme via the broker's international branch. This scheme offers up to $1 million in capital with the benefit of a 90% profit share.
  • Axi provides an excellent MT4 experience, enhanced by the NextGen plug-in for sophisticated order management and analytics, with low execution latency around 30ms.
  • Based on our tests, Axi's new trading app is highly intuitive. It offers practical filtering options to align strategies with individual risk preferences.

Cons

  • Axi retains our confidence. However, recent issues with ASIC and FMA require it to maintain a secure environment and comply with licensing standards.
  • Although Axi delivers excellent performance, its support is not available 24/7. This unavailability can be inconvenient for traders operating in different time zones or requiring help beyond regular trading hours.
  • Axi lags by solely providing MT4, while competitors have upgraded to MT5, cTrader, TradingView, and bespoke platforms, delivering a smoother user experience with enhanced tools.

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.