Percentage Allocation Management Module brokers, also known as PAMM forex brokers, enable investors to entrust their funds to a third-party money manager. Traders can make money with little to no effort by fully automating the trading process using this method.
This article offers a discussion of the leading PAMM account forex brokers, examining several sites where traders can earn passive income and concluding with a brief, easy-to-follow tutorial on how to open an account with a PAMM forex broker right now.
The Best PAMM Account Forex Brokers in 2023
Trading newcomers and veterans alike can profit from PAMM accounts because of the access they give to a fund manager’s expertise. In addition, the whole thing is passive, so traders don’t have to spend their time actively watching the markets or performing preliminary analyses.
To that end, let’s examine the aforementioned top forex PAMM brokers in detail, including how they operate and the services they provide for their customers:
1. FxPro
When it comes to high-leverage brokers, FxPro is among the finest because of its up to 500:1 leverage on specific assets. FxPro’s $100 minimum deposit is greater than average, but the broker supports MetaTrader 4, MetaTrader 5, and cTrader.
Traders with experience can open PAMM and MAM accounts through FxPro’s dedicated service. Even with FxPro’s zero-commission service, retail traders can put their money in the hands of seasoned professionals via the MT4 connection.
2. Pepperstone
Full PAMM accounts are available at Pepperstone, but only to institutional investors and not individual traders. Traders may get the same advantages, though, thanks to Pepperstone’s collaboration with DupliTrade, the industry-leading social trading marketplace.
3. eToro
If you’re looking for a forex PAMM broker, you might want to check out eToro. Over 28 million traders use eToro, making it one of the world’s most popular trading platforms. eToro is a CFD broker that offers access to a wide range of assets, including trading in more than 45 different currency pairings.
While eToro does not provide its users with a PAMM account, its ‘CopyTrader’ function provides users with similar perks. eToro’s built-in copy-trading functionality makes it easy for users to mimic the actions of successful traders without having to pay anything extra.
4. Capital.com
Capital.com is one of the most reputable CFD brokers out there because of its PAMM-like service. Traders can be “invested” in through Capital.com, and clients can automate the trading process without leaving MT4. Simply sign up for a Capital.com account, download the MT4 trading platform, and connect the two to begin trading.
The outcome may be slightly different from the finest PAMM brokers, but the procedure is otherwise extremely identical. Capital.com’s MT4 integration with a plethora of forex signal providers means that customers can make commission-free transactions. In addition, Capital.com provides up to 30:1 leverage, which increases the potential for profit.
5. AvaTrade
AvaTrade is one of the finest FX brokers for PAMM accounts. For those who aren’t aware, AvaTrade is a top CFD trading platform that offers a wide variety of asset classes for trading. AvaTrade’s clients enjoy both high safety and credibility thanks to the Central Bank of Ireland’s stringent oversight of the company.