Not every forex broker has the best PAMM account. Some of them lack statistical service and others don’t have enough volume of both investors and managers.
People who are looking for forex brokers with the best PAMM accounts are divided into two categories. Either they are managers looking for a broker with a lot of PAMM clients or they are investors seeking a forex broker with the best PAMM managers and the reliable statistics of managers’ accounts.
If you are a trader who wants to attract investment, a good PAMM forex broker for you is the one that provides you as much exposure as possible so it should have an active PAMM community who can be informed and have access to PAMM managers easily.
On the other hand, the best PAMM forex brokers for an investor are the ones that provide reliable information and statistics about PAMM accounts and managers so that they can analyze and decide which one is better and bring them more profits.
I looked into a lot of forex brokers to see which ones have strong PAMM community and reliable statistical tools and data.
There are some brokers that are very good in general but they don’t have the mentioned factors related to PAMM accounts.
However, there are still some standard forex brokers with high-quality PAMM accounts both for traders and investors.
One common aspect among them is they all have a long history of PAMM accounts so they’ve built a strong active community over time and enhanced their quality of service.
Best PAMM Brokers
Here’s a list of Best PAMM Forex brokers for both managers and investors.
Let’s find out more about them…
HotForex is a reliable broker regulated by different regulatory bodies including FCA, DFSA, CySEC, FSCA, and FSA so it’s completely safe.
It has a long list of PAMM managers that shows the activeness of its PAMM community which also gives a broad number of choices to investors. You can see a complete list of them here.
Note: Hotforex don’t offer PAMM accounts to US, Canada, and EU residents. EU residents can open different types of accounts with this broker but not PAMM.
As a PAMM manager
You can set a success fee for your account which means you receive a percentage of profits for winning trades. You can also determine a time limit for investors’ capital to not be withdrawn from your PAMM account and a penalty if they do so; they have to pay a penalty.
For example, you set a 2-week time limit and 5% penalty so if an investor invests some money but for any reason, he/she decides to take it out of your account, he/she has to pay you 5% of the investment as a penalty.
There are 2 types of accounts that you have access to for trading, an STP account called premium with floating spreads starting from 1 pip and an ECN called premium plus with the spread from 0.3 and $10 commission per lot, round turn.
The available trading instruments are: Forex, oil, metals, and indices.
Trading platform is MT4, a maximum leverage of 1:300, minimum deposit of $250, and the minimum lot size of 0.01 lots — find out more.
As an investor
You have access to comprehensive analytical data so you can select the best managers based on their performances and you can also filter the PAMM managers based on different factors such as ranking, age of accounts, return, drawdown, and more so you don’t need to go through all the PAMM accounts. You can sort them out on this page.
By clicking on each PAMM manager’s account or name, you’ll be directed to the statistics of them where you can find out a lot about the manager’s trading and strategy.
The minimum investment is $250.
Alpari has been around since 1998 and is regulated by IFSC. It’s one of the first forex brokers that began offering PAMM service.
As a result, you have access to a high number of traders and investors whether you want to invest in or manage PAMM accounts — see the full list of PAMM accounts.
Note: Alpari doesn’t offer PAMM service to the residence of the US and Canada.
As a PAMM manager
You can create the terms of cooperation including minimum investment, profit share based on investors’ capital, and some other conditions.
You can also open a thread in Alpari’s forum where you can explain about the strategy you use or promote your PAMM account.
One of the trading account available for the PAMM service is PAMM standard MT4/MT5 which is an STP account with floating spreads, the minimum deposit of $300, MAX leverage of 1:1000; and forex pairs and metals as trading instruments.
You can also open PAMM ECN MT4 with the minimum deposit of $300, $3.2 commission per lot round turn, 1:3000 leverage; and forex pairs, metals, and CFDs as trading instruments.
There are 2 other types of accounts available as well called PAMM Pro ECN MT4 and PAMM ECN MT5 with the min deposit of $500, a commission of $3.2, leverage of 1:3000; and forex pairs, metals, and CFDs as trading instruments.
For finding out more about the specifications of PAMM accounts, you want to check out this page.
As an Investor
You are provided with a variety of stats that you can analyze a PAMM account based on. You can have access to the stats of a PAMM account by clicking on the name of each one on this page.
Press all accounts from the bottom of the page so that you can sort out the PAMM account based on different factors; age, ranking, and etc.
Every index has a small definition where you can click on and read guidelines that teach you to some extent how to use that metric and/or what is a good number for that.
The minimum investment determines by PAMM managers, however, the minimum investment starts from $50.
FXOpen was established in 2005 and is under the watch of British and Australian regulatory bodies; FCA, and ASIC, which are two of the top ones in the industry.
FXOpen has a well-designed PAMM service with lots of PAMM managers and investors; however, the PAMM network in this broker is not as large as the previous broker, Alpari. You can find all the PAMM account from here.
FXOpen doesn’t offer service to US residents.
As a manager
You can create a set of factors for your offers such as your profit share or commission, minimum investment, early revocation penalty, and some other factors — see more
There are three types of accounts available for PAMM service: PAMM ECN, PAMM Crypto, and PAMM STP.
For opening PAMM ECN, you need a minimum deposit of $1000. The commission for this account is $3 per lot round turn and the maximum leverage is 1:100.
The minimum lot size is 0.01 and you can trade forex pairs, metals, CFDs, oil, and natural gas. MT4/MT5 are the platforms for trading.
For more information, check out this page.
The minimum deposit for opening PAMM Crypto is $200, however, if you want to create an offer, you need to deposit $1000, which basically means you can open a PAMM account with $200 and when you grow your account and decide to attract clients, you need to increase your capital to $1000.
Spreads are floating and commission is 1% of the transaction volume round turn.
The maximum leverage is 1:3, min lot size is 0.01, and the currency pairs with bitcoin and litecoin are trading instruments.
Find out more about PAMM Crypto here.
PAMM STP has floating spreads with no commission. The minimum deposit for opening this type of account is $200 and the maximum leverage is 1:100.
The minimum lot size is 0.01 and you can trade forex pairs plus gold and silver.
Check out this page for more info.
There is also an FAQ page where you can find other information about FXOpen PAMM manager including how to register for that.
As an investor
You have full access to the stats of PAMM managers and can filter and choose PAMM accounts on this page.
By clicking on the name of each PAMM account, you’ll be directed to the stats of that where you can check out various factors and choose the ones that suit you the best.
Besides accepting a manager offer, an investor can create an offer as well which means you can negotiate on some terms.
For example, you like a PAMM account and decide to invest in it. The manager of the account has requested 20% of profits as his/her commission but you, as an investor, want to pay 15% so you create your offer and if the manager accepts, then you invest. See here for more information and also see how to become an investor.
InstaForex is the next forex broker on our list that has a large community of PAMM traders and investor. It’s regulated by two regulatory bodies; BVIFSC and CySEC.
Instaforex has one of the largest, or maybe the largest, number of managers and investors with nearly 14000 PAMM accounts. You can see all the PAMM account on this page.
InstaForex doesn’t provide service to the US residents
As a manager
You have a very good chance of exposure to a lot of investors and attracting hundreds of clients if you prove yourself with a profitable strategy.
You can set some elements for your offer including minimum investment, profit share or commission, minimum investment period, and a penalty if an investor withdraws his/her money sooner than the min investment period.
Find out more about the Instaforex PAMM features and also see how to become a manager on this page.
InstaForex has 4 types of accounts; Insta Standard, Insta Eurica, Cent Standard, and Cent Eurica, however, the two Cent accounts aren’t included in PAMM service and you need to open Insta standard and/or Insta Eurica as PAMM accounts.
Insta.standard is a fixed spread account with the max leverage of 1:1000 and minimum lot size of 0.01.
You can trade instruments such as forex pairs, Indices, Metals, Cryptos, and shares using MT4 and MT5 platform.
Insta.Eurica has zero spreads and it charges commissions instead.
Learn more about InstaForex types of accounts here.
As an investor
There is a huge number of managers to choose from. You can monitor their activity and sort them based on different factors to pick the one that you like. You can see all of the PAMM account on monitoring page — the table on that page is set on the lite mode by default, put it on full to see more filters.
By clicking on each of PAMM accounts, you’ll have access to the stats of the account and by clicking advance, you’ll see more information.
Besides having access to a lot of managers, you can invest even very small amounts like $1, regarding the managers’ offers though, so you can invest in several pamm accounts and make a portfolio to decrease risk — if one account goes south and suffers a loss, others can make up for that.
To see other features and see how to become a pamm investor, check out this page.
FIBO Group is one of the forex brokers that have been around for years. It was established in 1998 and is regulated by CySEC and BVIFSC.
FIBO Group PAMM network is not as large as Instaforex or Alpari but it’s well-designed and provides all you want from a PAMM service including a flexible offering system for managers and thorough statistics for investors.
FIBO Group doesn’t provide service to the residents of the US, Australia, Britain, and Iraq.
As a manager
You can determine your terms of investment such as minimum investment, profit share or your commission, minimum investment period, and a fine of early withdrawal.
There are 4 types of accounts in this PAMM service: MT4 Fixed, MT4 NDD no commission, MT4 NDD, MT5 NDD.
Fixed account has fixed spreads starting from 2 pips and obviously no commission. The minimum lot size is 0.01 and the max leverage is 1:200.
MT4 NDD no commission is an STP type of account with floating spreads and no commission. The minimum lot size is 0.01 and the maximum leverage is 1:400.
MT4 NDD is an ECN type of account with 0.006% from a complete transaction. The minimum lot size is 0.01 and the maximum leverage is 1:400.
MT5 NDD is like MT4 NDD but its commission is 0.01 from a complete transaction.
See more about FIBO Group accounts here.
As an investor
You can choose from its PAMM managers on this page. You can sort the pamm accounts based on different categories such as profit, age of accounts, drawdown, and etc.
By clicking on each heading you can sort the pamm accounts based on that category from high to low and vice versa.
If you want to see the pamms’ statistics, you need to click on the name of PAMM accounts so you’ll be sent to the stats pages where you can learn lots of things about the systems and accounts and also invest in them.
The Bottom Line
There are lots of forex brokers offering PAMM accounts, however, lots of them can’t bring you enough investors or managers and/or provide you standard statistical tools.
You may not need those conditions if you are an investor who wants to invest in your friend or a trader you know well, or if you are a trader who knows enough investors. That way, you can choose from whichever broker, offering PAMM service, that you think it’s a good broker in general.
But if you don’t have that condition and want to find the best PAMM forex brokers with the best PAMM accounts, you should look for the ones with a large network of PAMM managers and investors and the brokers that provide a standard PAMM service.
I tried to find the best ones by checking lots of forex brokers and list the ones that not only do they have high-quality PAMM service but they are also standard forex brokers with good trading conditions.