27 Best PAMM Account Forex Brokers

 

 

To choose the best PAMM Forex broker, it is necessary to examine the fundamentals on which its operation is based.

 

Here are our 10 Best Handpicked PAMM Account Forex Brokers:

• ✔️FXTM
• ✔️Alpari
• ✔️Fibo Group
• FxPro
• HotForex
• XM
• Grand Capital
• FBS
• NordFX
• Vantage FX

 

The criteria that indicate professionalism include the performance of the managers, time on the market, reputation of the broker with PAMM accounts among Forex members, and suggested terms of the remuneration percentage and loss sharing.

 

 

These also include the effectiveness of technical and informational customer support of the company.

 

 

In this article, we explore the 27 best forex brokers that offer PAMM accounts, in order to help you take your trading to the next level.

 

 

FXTM

 

 

Overview

Investors at FXTM have a variety of trading platforms to choose from including the latest MetaTrader5, MT5 Pro, MetaTrader4, MT5 Web Trader, VPS, and the iOS & Android MT4 mobile apps.

Available for trading is more than 250 assets in all categories of Currency pairs, Commodities (Gold, Oil, Silver), Shares, Market Indexes, and CFD’s.

In July 2020, FXTM began offering commission-free trading, on over 300 listed US Stocks.

CryptoCurrency pairs; Bitcoin, Ethereum, or Litecoin were listed for trading since December 2017. Copy trading is available via their FXTM Invest, and they have strategy managers from around the world.

 

Pros and Cons

✔️PROS	❌CONS
Superb customer service	Inactivity and withdrawal fees
High maximum leverage	Limited product portfolio
Great educational tools

 

Features

Feature	Information
Regulation	CySEC, FCA, FSCA
Minimum deposit from	$100
Average spread from	0.9 pips
Commissions from	No commission
Deposit/Withdrawal Fees	$3
Maximum Leverage	1:500 on average
Bonuses	$300 Trading Bonus
Customer Support	24/5

 

Alpari

 

 

Overview

Alpari was founded in 1998 and is one of the world’s leading Forex brokers, offering clients a full package of the most modern financial instruments and technological solutions for online trading and investment.

According to data from Finance Magnates, Alpari has been one of the largest Forex brokers in the world for a number of years.

Alpari clients have access to over 50 currency pairs and an extensive range of other instruments. The company offers the use of three trading platforms for computer and mobile applications for use with iOS and Android.

 

Pros and Cons

✔️PROS	❌CONS
Advanced trading platforms	Limited independent research tools
Excellent customer support Caters to a wide range of trading styles and experience levels

 

Features

Feature	Information
Regulation	Financial Services Commission (FSC)
Minimum deposit from	$100
Average spread from	1.2 pips on majors
Commissions from	charged at 4 units of the Base currency
Deposit/Withdrawal Fees	None
Maximum Leverage	1:1000
Bonuses	Cashback Promotion
Customer Support	24/5

 

Fibo Group

 

 

Overview

FIBO Group is an international financial holding company established in 1998 that provides online trading services mainly in the foreign exchange market.

It also offers an electronic trading platform for the purchase and sale of financial securities, CFDs, commodities, and cryptocurrencies.

Pros and Cons

✔️PROS	❌CONS
Award-winning company	Not available in all jurisdictions
Wide selection of account options No Dealing Desk technology

 

Features

Feature	Information
Regulation	Financial Conduct Authority (FCA)
Minimum deposit from	$50
Average spread from	0.0 pips
Commissions from	0.003% to 0.005%
Deposit/Withdrawal Fees	None
Maximum Leverage	1:100
Bonuses	None
Customer Support	24/5

 

FxPro

 

 

Overview

FXPro is a part of the FXPro Group Limited. Founded in 2006, the subsidiaries include FxPro Financial Services Ltd, FxPro UK Limited, and FxPro Global Markets Ltd.

The multi-regulated broker is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA), and the Securities Commission of The Bahamas (SCB).

When it comes to the trading conditions, the no-dealing broker offers a choice between fixed/variable spreads, zero commission on specific instruments, and instant/market execution. The spreads depend on the order execution type and the trading platform.

 

Pros and Cons

✔️PROS	❌CONS
Wide selection of market instruments
Client funds stored in segregated accounts Low trading fees

 

Features

Feature	Information
Regulation	FCA, CySEC, FSCA
Minimum deposit from	$500
Average spread from	1.7 pips
Commissions from	$45 per million USD traded.
Deposit/Withdrawal Fees	1.6% for debit and credit card
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/5

 

HotForex

 

 

Overview

HotForex is a multi-asset broker CFD trading through their online trading platform. Since being founded in 2010, HotForex has gradually established itself in an increasingly crowded market.

And despite the competitive market conditions, it has opened a total of 2,00,000 live accounts in a little under a decade in operation.

At HotForex, you can trade traditional forex pairs or you can also trade CFDs for commodities, stocks, indices, energies, metals, and cryptocurrencies.

 

Pros and Cons

✔️PROS	❌CONS
Well-regulated	Offshore broker
Numerous industry awards
Low minimum deposit

 

Features

Feature	Information
Regulation	CySEC, DFSA, FCA, FSA, FSCA
Minimum deposit from	$5
Average spread from	0.0 pips
Commissions from	USD 0.03 per 1K lot.
Deposit/Withdrawal Fees	None
Maximum Leverage	1:30 in EEA
Bonuses	100% Supercharged Bonus
Customer Support	24/5

 

XM

 

 

Overview

XM Group has achieved substantial growth since 2009, earning 1.5 million clients living in 196 countries.

Regulated by three major regulators and the recipient of many industry awards, XM Group stands out from a crowded field of market maker brokers for their customer service and educational support.

 

Pros and Cons

✔️PROS	❌CONS
Low CFD and withdrawal fees	Average forex fees
Great educational tools	Inactivity fees

 

Features

Feature	Information
Regulation	IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from	$5
Average spread from	0.1 pips
Commissions from	$3.5 commission per $100 000 traded
Deposit/Withdrawal Fees	None
Maximum Leverage	1:30
Bonuses	$30 Trading Bonus
Customer Support	24/5

 

Grand Capital

 

 

Overview

Grand Capital is an international brokerage firm founded in 2006. The company’s offices operate in 40 countries of the world – in South Asia, Africa, Europe, CIS, India, Latin America.

Grand Capital improves trading services and software every year to meet the demands of traders. Currently, the broker’s clients can choose from four trading platforms.

 

Pros and Cons

✔️PROS	❌CONS
Advanced trading platforms	Limited education and research
Variety of deposit and withdrawal methods Excellent customer support

 

Features

Feature	Information
Regulation	FinaCom
Minimum deposit from	$10
Average spread from	Variable
Commissions from	None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:30
Bonuses	$500 No Deposit Bonus
Customer Support	24/5

 

FBS

 

 

Overview

FBS is an international broker with more than 190 countries of presence.

To provide the best customer experience FBS organizes seminars and special events, providing its clients with training materials, cutting-edge trading technologies, and the latest strategies on the Forex market.

 

Pros and Cons

✔️PROS	❌CONS
Commission-free trading	Not available in several jurisdictions
High leverage Excellent account offering

 

Features

Feature	Information
Regulation	IFSC
Minimum deposit from	$1
Average spread from	0.0 pips
Commissions from	None
Deposit/Withdrawal Fees	$1 for credit cards
Maximum Leverage	1:3000
Bonuses	$123 No Deposit Bonus
Customer Support	24/5

 

NordFX

 

 

Overview

NordFX is an international brokerage company offering a full range of online trading services in currencies, cryptocurrencies, gold, and silver in the Forex market.

Investments in global stocks with high income and with capital protection up to 100 percentages, and PAMM-accounts (Percent Allocation Management Module) – one of the most popular and time-tested methods of trust management.

NordFX is distinguished by minimal spreads, immediate order execution, and a leverage ratio of 1 to 1000, which is available for all currency pairs and metals. Fixed margins for crypto pairs are indicated in the account specifications.

 

Pros and Cons

✔️PROS	❌CONS
High maximum leverage Advanced trading platforms Low minimum deposit	Limited analytical tools No social trading capabilities

 

Features

Feature	Information
Regulation	VFSC, CySEC
Minimum deposit from	$10
Average spread from	0.0 pips
Commissions from	‎0.0035%
Deposit/Withdrawal Fees	None
Maximum Leverage	1:1000
Bonuses	$8 No Deposit Bonus
Customer Support	24/5

 

Vantage FX

 

 

Overview

One of the leading online brokers based in Australia, Vantage FX offers a range of trading services, enabling clients to access the international Forex market.

Benefiting from award-winning customer care and with a commitment to delivering fast transactions, Vantage FX is a significant player in the online broker arena.

The site uses mainly Metatrader software, giving users access to MT4 and MT5 as well as Markettrader, Webtrader (which doesn’t require a download), Apps for mobile trading, MAM/PAMM, Zulu trading, and MyFXBook Autotrade.

 

Pros and Cons

✔️PROS	❌CONS
Well regulated Advanced trading platforms Has indemnity insurance	Limited range of tradable instruments

 

Features

Feature	Information
Regulation	ASIC
Minimum deposit from	$200
Average spread from	1.35 pips
Commissions from	‎$3 added per side
Deposit/Withdrawal Fees	20 units of trading account base currency
Maximum Leverage	1:500
Bonuses	50% Welcome Bonus
Customer Support	24/5

 

Pepperstone

 

 

Overview

Pepperstone is a popular online broker that was founded in 2010. They are licensed and regulated by ASIC Australia, FCA in the United Kingdom, and DFSA in the United Arab Emirates.

As the leading Forex broker in Australia, they offer a very wide variety of currency pairs and crosses for every type of Forex trader. They are not just a simple Forex broker, but rather the leader in Forex, CryptoCurrency CFD’s, Shares, Indexes, Options, & Commodities.

 

Pros and Cons

✔️PROS	❌CONS
Low forex and equity index CFDs No deposit fee Negative balance protection	Only forex, CFDs, and cryptos are available

 

Features

Feature	Information
Regulation	FCA, ASIC
Minimum deposit from	AUD200
Average spread from	0.4 pips
Commissions from	‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	None

 

AvaTrade

 

 

Overview

AvaTrade is one of the popular CFD and FX brokers globally. One of the aspects that have contributed to its popularity is it’s comprehensive licensing and regulation.

Some of its attractive features include a responsive customer care structure that has various ways of contacting the company, an array of beneficial educational resources, competitive spreads, and good leverage.

 

Pros and Cons

✔️PROS	❌CONS
Broad range of tradable instruments	High EURUSD and inactivity fees
MetaTrader 4 and 5 are available
Excellent educational resources

 

Features

Feature	Information
Regulation	Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from	$100
Average spread from	0.9 pips
Commissions from	No commission on Forex
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	First Deposit Bonus
Customer Support	24/5 – multilingual

 

Forex.com

 

 

Overview

Forex.com is an online brokerage company that allows you to trade a wide range of assets such as foreign currencies, commodities, and stocks. The US-based company is regulated in multiple jurisdictions and operates in a transparent and security-minded manner.

Forex.com is a major platform for trading foreign currencies and other assets in major global markets.

The well-regulated brokerage utilizes excellent security features to protect your funds. Forex.com supports more than 80 currency pairs, precious metals, futures, and futures options.

 

Pros and Cons

✔️PROS	❌CONS
Low Forex fees	Limited asset portfolio
High number of currency pairs Well-regulated	High stock CFD fees

 

Features

Feature	Information
Regulation	FCA, CIMA
Minimum deposit from	$50
Average spread from	1 pip
Commissions from	Commissions on the commission account only
Deposit/Withdrawal Fees	None
Maximum Leverage	Variable dependent on instrument traded
Bonuses	20% Welcome Bonus
Customer Support	24/5

 

Forex4you

 

 

Overview

Forex4you is based in the British Virgin Islands. The company provides foreign exchange brokerage services using electronic online trading platforms. The company is authorized and regulated security and investment broker.

Forex4you offers different account types based on the customer’s level of knowledge and expertise. The company also offers high-tech professional services to its customers. Forex4you makes currency trading affordable for ordinary investors.

 

Pros and Cons

✔️PROS	❌CONS
Segregated accounts	Limited payment options
High leverage No minimum deposit

 

Features

Feature	Information
Regulation	BVI, FSC
Minimum deposit from	None
Average spread from	1 pip
Commissions from	On CFDs only
Deposit/Withdrawal Fees	2%
Maximum Leverage	1:1000
Bonuses	100% Deposit Bonus
Customer Support	24/5

 

FreshForex

 

 

Overview

FreshForex was established in 2004. The company was founded by experts with successful experience in the Internet trading business.

Thanks to a vast experience of interaction with traders and in the trading environment, the broker is able to offer competitive trading conditions and advanced trading software.

 

Pros and Cons

✔️PROS	❌CONS
High leverage Commission-free trading Advanced trading platforms	Lax regulation

 

Features

Feature	Information
Regulation	CRFIN
Minimum deposit from	None
Average spread from	2 pips
Commissions from	No commissions
Deposit/Withdrawal Fees	None
Maximum Leverage	1:2000
Bonuses	$200 No Deposit Bonus
Customer Support	24/5

 

LiteForex

 

 

Overview

Lite Forex was conceived in 2005 with the major aim of making it the best by focusing on small-scale traders.

It offered very flexible trading conditions during its conception period and it came up with the cent account. In this setup, traders were allowed to make a minimum deposit of $1 in order to execute trades.

This model made them very popular and it acquired many clients all over the world.  This has made it the global brand it is and whose model of operation is followed by many.

It’s over decade-long stay in the industry has given LiteForex a great step in having the right experience from dealing with many clients.

 

Pros and Cons

✔️PROS	❌CONS
Social trading available MetaTrader 4 and 5 are available Multilingual customer support	Limited trading instruments No VPS available

 

Features

Feature	Information
Regulation	Marshall Islands Business Corporation Act
Minimum deposit from	$50
Average spread from	1.9 pips
Commissions from	No commissions
Deposit/Withdrawal Fees	None
Maximum Leverage	1:1000
Bonuses	100% forex deposit bonus
Customer Support	24/5

 

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