Compare PAMM Forex Accounts

What Means PAMM?

The Percent Allocation Management Module (PAMM) is a technical solution allowing Forex traders to have their accounts managed by professionals. Check below for more information about PAMM Accounts.

How Does The PAMM System work?

Usually, a PAMM system operates as follows:

(1) A Fund Manager opens a PAMM Account in a Forex Brokerage Company.

(2) The Fund Manager sets a) The minimum amount for traders that will participate in the PAMM account, and b) The success fee paid from the participant traders.

(3) The Fund Manager becomes listed in a Forex Broker’s PAMM list.

(4) Traders after selecting the Fund Manager can participate in the PAMM Account by accepting the underlying conditions (success fee)

(5) At the end of a predefined-period (usually a month), Fund Managers are paid a success fee based on their performance.

Note: Traders can withdraw their profits and/or funds anytime. Fund Managers on the other hand can not withdraw their client funds in any way.

 
Table: Compare PAMM Forex Brokers
FOREX
BROKER AND PAMM ACCOUNT

GENERAL INFO

PAMM ACCOUNTS

PROMOTION
RATING USING the Rating Formula
NEW ACCOUNTS

AXI Forex

ECN/STP BROKER

 Regulation:
  • ASIC Australia (AFSL-318232)
  • FCA UK (509746)

Spread EURUSD: 0.0 Pip plus $7.0 per lot

Leverage: 1/30, and up to 1:400

US Residents: No

■ Trade block orders from a single master account through the MT4 platform

  • Allocation methods:
    - Lot Allocation
    - Percent Allocation
    - Proportional By Balance
    - Proportional By Equity
    - Equity Percent Allocation
    - Allocation by Equal Risk
    - Trade sizes from 0.01
  • All normal order types accepted: Market, Stop, Limit
  • All unique order types accepted: Trailing Stop, Close, Close All

■ Bonus: N/A

■ Minimum Account: $10

 
 Rating: 
84.55%
 
 
  • Tight trading spreads, low latency

MULTIBANK FX

ECN/STP BROKER

 Regulation:
  • ASIC Australia (416279)
  • FSC BVI (SIBA/L/14/1068)

» MultibankFx Review

Spread EURUSD: 0.1 Pip plus $6.0 per lot

Leverage: 1/30, and up to 1:500

US Residents: No

■ Data centers in London, New York, Hong Kong, Beijing, and Shenzhen

■ Ability to configure MAMs and PAMMs
 

■ Bonus: 20%

■ Minimum Account: $50

Rating:
 
(N/A)
 
  • ECN processing

  • Access to 20 Interbank liquidity providers

ECN/STP

Regulation: FSP (NZ), FCA (UK)

 

Spread EURUSD: 0-2 Pips

Leverage: 1/30, and up to 1:500

US Residents: No

■ Analytical charting shows the performance

-daily and total gain

-max drawdown

-Sharpe ratio

■ The FXOpen MT4 ECN trading platform

■ Bonus: 30%

Minimum Account: $1

Rating:
 
(N/A)
 
MARKET MAKER
 
Regulation: FCA UK, CYSEC, ASIC, AFSC
 
Spread EURUSD: 1.1 pips
Leverage: 1/30
US Residents: No

■ Managed accounts with Segregation of funds

■ No lock-in periods and other restrictions

■ Bonus: (N/A)

■ Minimum Account: $500

Rating:
77.67%
 

ECN/STP BROKER

Regulation: ASIC (Australia)

» ICMarkets Review

Spread EURUSD: 0.1 Pip plus $7.0 per lot

Leverage: 1/30, and up to 1:500

US Residents: No

■ STP execution on PAMM

(fast order execution and low slippage)

■ Tight spreads and low commissions

■ Lot Allocation

-Percent (%) Allocation, and Equity Percent

■ Expert Advisors (EAs) are allowed on the PAMM accounts

■ Bonus: (N/A)

■ Minimum Account: $200

 
Rating: 
80.61%
 
 
  • Tight trade spreads

 

 
 
What is a PAMM Forex Account?

PAMM means Percentage Allocation Management Module (or Percentage Allocation Money Management) and it is a type of a Forex Account that enables a Fund Manager to manage the funds of others, by enjoying in exchange a success fee. This type of shared Forex Account becomes popular nowadays as it can ensure clear relations between traders, brokers, and money managers. All transactions within a PAMM system are controlled by the broker and that means transparency, safety, and a full record of any trading transactions. PAMM incorporates 2 different account types:

1) The PAMM Investor Account (Money Manager)

2) The PAMM Trader Accounts (Public Traders)

 

 

 
 
 

 
Forex PAMM Accounts
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