10 Best PAMM Account Forex Brokers

 

The 10 Best Forex Brokers with PAMM Accounts revealed. We have rated and reviewed the Best PAMM Account Forex Brokers.

 

In this in-depth write-up you will learn:

 

• A List of the 10 Best PAMM Account Forex Brokers.
• Pros and Cons of PAMM Accounts.
• What is a PAMM Account Forex Broker?

 

and much, much more!

 

🔍Forex Broker	🎁Sign Up Here	💵Minimum Deposit	⬆️Leverage
🥇AvaTrade	👉 Click Here	$100 USD	1:400
🥈RoboForex	👉 Click Here	$10	1:2000
🥉FxPro	👉 Click Here	$100	1:200
🏅IC Markets	👉 Click Here	$200	1:500
🏆FP Markets	👉 Click Here	$100	1:500
🎖️Pepperstone	👉 Click Here	$0 USD	1:400
🥇HFM	👉 Click Here	$100	1:2000
🥈FBS	👉 Click Here	$5 USD	1:3000
🥉eToro	👉 Click Here	$50 USD	1:400
🏆OANDA	👉 Click Here	$0 USD	1:500

 

10 Best PAMM Account Forex Brokers (2025)

 

1. ☑️AvaTrade – Overall, Best PAMM Account Broker
2. ☑️RoboForex – Low-Spread PAMM Account
3. ☑️FxPro – Low Minimum Deposit
4. ☑️IC Markets – Award-Winning Service Provider
5. ☑️FP Markets – Best Mobile Trading Experience
6. ☑️Pepperstone – Popular Broker Choice for Experienced Traders
7. ☑️HFM – Highly Regulated Broker Choice
8. ☑️FBS – Excellent Online Trading Experience
9. ☑️eToro – High Forex Trust Score
10. ☑️OANDA – PAMM Account with Strict Regulation

 

 

 

1. AvaTrade

AvaTrade empowers investors to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options.  AvaTrade trading conditions and charges include Zero Fees, No Commissions, a Leverage of up to 400:1, and instant execution.

 

🔍Broker	🥇AvaTrade
🔢Year Founded	2006
👤Amount of staff	200+
👥Amount of active traders	Over 300,000
📌Publicly Traded	None
📈Regulation	Central Bank of Ireland (CBI) Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA) Financial Services Agency (FSA) Japan Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA), and more.
🌎Country of regulation	Ireland Australia Japan UAE South Africa British Virgin Islands
🗂️Account Segregation	✅Yes
🌟Negative balance protection	✅Yes
💙Investor Protection Schemes	Compensation scheme for eligible clients under certain jurisdictions
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor account currencies	USD EUR GBP AUD JPY CHF ZAR, and more
💵Minimum Deposit	$100
⏰Average deposit/withdrawal processing time	Deposits: Instant Withdrawals: 1-3 business days
💳Fund Withdrawal Fee	No fees on most payment methods, but some charges may apply depending on the method used
✏️Spreads from	0.9 pips (EUR/USD)
💷Commissions	No commissions on most trades; spreads apply
🔟Number of base currencies supported	10+
💶Swap Fees	✅Yes Swap-free accounts available for Islamic traders
⬆️Leverage	Up to 1:400 depending on jurisdiction
📉Margin requirements	Varies based on asset and leverage used
☪️Islamic account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Fast execution generally less than 1 second
🖥️VPS Hosting	✅Yes for qualifying accounts
👉CFDs-Total Offered	1000+
📈CFD Stock Indices	30+
📉CFD Commodities	20+
📊CFD Shares	600+
💵Deposit Options	Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more
💳Withdrawal Options	Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader AvaOptions
🍎OS Compatibility	Windows MacOS iOS Android
🔩Forex trading tools	Autochartist Trading Central Economic Calendar AvaProtect, and more
🫴🏻Customer Support	✅Yes
🗣️Live chat availability	✅Yes
💻Customer Support Email address	support@avatrade.com
☎️Customer Support Contact Number	Varies by region accessible through the website
📱Social media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages supported on FBS Website	Multiple languages including English Spanish French Italian Arabic, and more
🎓Education and Research	✅Yes
✏️Forex course	✅Yes (AvaAcademy)
💻Webinars	✅Yes
📖Educational Resources	eBooks Videos Tutorials Blog Market Analysis
🤝Affiliate program	✅Yes
👥Amount of partners	Thousands globally
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes Various sponsorships including the Manchester City Football Club)
🎀Rebate program	✅Yes
💰Cent or Micro Accounts	None Offers Standard and Professional Accounts
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Regulated by multiple authorities	AvaTrade does not offer managed accounts,
Offers a wide variety of financial instruments	Spreads can be higher
Provides leverage up to 1:400	Cryptocurrency trading might not be available
Access to popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5)	Withdrawal fees can vary depending on the payment method
Offers swap-free Islamic accounts	The account setup process and trading conditions can be complex for beginners
Provides VPS hosting options	Direct stock trading is not available

 

Frequently Asked Questions

 

Does AvaTrade offer negative balance protection?

Yes, AvaTrade provides negative balance protection to ensure that traders do not lose more than their account balance.

 

What is the minimum deposit required to open an account with AvaTrade?

The minimum deposit to open an account with AvaTrade is $100.

 

Does AvaTrade provide a demo account?

Yes, AvaTrade offers a demo account, allowing traders to practice trading with virtual funds.

 

Is AvaTrade regulated?

Yes, AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland, ASIC in Australia, and FSCA in South Africa.

 

 

Our Verdict

AvaTrade is a well-established, globally regulated forex and CFD broker that caters to both beginner and experienced traders. It offers a wide range of trading instruments, including forex, commodities, stocks, cryptocurrencies, and more, across multiple platforms like MetaTrader 4, MetaTrader 5, and its proprietary AvaTradeGO app.

 

 

2. RoboForex

RoboForex is a well-established service provider with over 11 years of experience in the industry.  RoboForex is fully regulated by the Financial Services Commission (FSC).

 

🔍Broker	🥇RoboForex
🔢Year Founded	2009
👤Amount of Staff	200+
👥Amount of Active Traders	1,000,000+
📌Publicly Traded	None
📈Regulation	IFSC
🌎Country of Regulation	Belize, Cyprus
🗂️Account Segregation	✅Yes
➡️Negative Balance Protection	✅Yes
🌟Investor Protection Schemes	✅Yes (up to €20,000 under CySEC regulation)
💡Institutional Accounts	✅Yes
👉Managed Accounts	✅Yes
💵Minor Account Currencies	USD EUR GBP CHF CNY GOLD
💴Minimum Deposit	$10
⏱️Average Deposit/Withdrawal Processing Time	1 - 2 business days
💶Fund Withdrawal Fee	None, but third-party fees may apply
✏️Spreads	0.0 pips
💷Commissions	From $2 per lot (round turn)
6️⃣Number of Base Currencies Supported	6
💸Swap Fees	✅Yes
⬆️Leverage	Up to 1:2000
📉Margin Requirements	Varies by instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	< 1 second
🖥️VPS Hosting	✅Yes (free for eligible accounts)
📊CFDs - Total Offered	12,000+
📈CFD Stock Indices	10+
➡️CFD Commodities	20+
👍CFD Shares	12,000+
💵Deposit Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies
💶Withdrawal Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies
📊Trading Platforms	MetaTrader 4 MetaTrader 5 cTrader R Trader
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist Trading Central VPS
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	info@roboforex.com
☎️Customer Support Contact Number	+44 20 3745 7949
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages, including English Spanish Chinese
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials Market Analysis
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫶IB Program	✅Yes
🎁Sponsorships	✅Yes (various sporting events and teams)
🫰🏻Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low Minimum Deposit	Limited Investor Protection Schemes
Wide Range of Instruments	Fees and Costs Can Vary
High Leverage	Customer Support Could Improve
Diverse Account Types	Regulatory Scope
Variety of Platforms	VPS Hosting Costs
Islamic Accounts Available	Withdrawal Fees
Educational Resources	Inconsistent Execution Speed
Global Reach	Variable Spread

 

Frequently Asked Questions

 

What trading platforms does RoboForex offer?

RoboForex offers a range of platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and the proprietary R Trader platform.

 

What is the minimum deposit at RoboForex?

The minimum deposit varies depending on the account type. For the Pro-Standard account, the minimum deposit starts at $10.

 

Does RoboForex offer a demo account?

Yes, RoboForex offers demo accounts for traders to practice and familiarize themselves with the platforms and conditions without risking real money.

 

Does RoboForex provide Islamic (swap-free) accounts?

Yes, RoboForex offers Islamic accounts, also known as swap-free accounts, which comply with Sharia law.

 

 

Our Verdict

RoboForex ensures a flexible and secure trading environment. Additionally, its bonus programs and diverse payment methods make it an appealing choice for traders looking for comprehensive support and opportunities.

 

 

3. FxPro

FxPro offers access to 0% Funding Fees, up to 1:200 Leverage, 2100+ instruments, and competitive spreads with no commission.  FxPro is fully regulated by the FCA, CySEC, FSCA, and SCB.

 

🔍Broker	🥇FxPro
🔢Year Founded	2006
👤Amount of staff	200+
👥Amount of active traders	1.8 million+
📌Publicly Traded	None
📉Regulation	FCA (UK), CySEC (Cyprus), FSCA (South Africa), SCB (Bahamas)
🌎Country of regulation	UK, Cyprus, South Africa, Bahamas
🗂️Account Segregation	✅Yes
🌟Negative balance protection	✅Yes
💙Investor Protection Schemes	✅Yes (under FCA and CySEC regulations)
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor account currencies	EUR, USD, GBP, CHF, JPY
💵Minimum Deposit	$100
⏰Average deposit/withdrawal processing time	1-3 business days
💳Fund Withdrawal Fee	None (but third-party fees may apply)
✏️Spreads from	0.0 pips (on Raw Spread accounts)
💷Commissions	$3.50 per side per lot (on Raw Spread accounts)
9️⃣Number of base currencies supported	9
💸Swap Fees	✅Yes
⬆️Leverage	Up to 1:500
📈Margin requirements	Depending on the leverage
☪️Islamic account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Less than 14ms
🖥️VPS Hosting	✅Yes
🫴🏻CFDs-Total Offered	250+
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill
💳Withdrawal Options	Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill
📊Trading Platforms	MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Trading Platform
🍎OS Compatibility	Windows, macOS, Android, iOS
🪛Forex trading tools	Economic Calendar, Trading Central, Autochartist
🫴🏻Customer Support	✅Yes
🗣️Live chat availability	✅Yes (24/5)
💻Customer Support Email address	support@fxpro.com
☎️Customer Support Contact Number	+44 (0) 203 151 5550
📱Social media Platforms	Facebook, Twitter, LinkedIn, YouTube
⚙️Languages supported on FxPro Website	English, Spanish, German, French, Arabic, Russian, and more
🎓Education and Research	✅Yes
✏️Forex course	✅Yes
🖥️Webinars	✅Yes
📖Educational Resources	Trading guides, tutorials, webinars
🤝Affiliate program	✅Yes
👥Amount of partners	Not disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes (previously partnered with McLaren F1)
🎀Rebate program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Offers high leverage, although it's essential to use it responsibly.	Minimum deposit for some account types might be higher than other brokers.
Competitive Spreads	Inactivity Fees
Free deposit and withdrawal	Spread Betting (UK Only)

 

Frequently Asked Questions

 

Does FxPro offer an affiliate program?

Yes, FxPro offers an affiliate program where partners can earn commissions by referring new clients.

 

What are FxPro’s spreads like?

FxPro offers competitive spreads starting from 0.0 pips on certain accounts and instruments.

 

Is FxPro suitable for beginners?

Yes, FxPro is suitable for beginners due to its user-friendly platforms, educational resources, and demo account options.

 

Does FxPro support VPS hosting?

Yes, FxPro offers VPS hosting services for traders using automated trading strategies.

 

 

Our Verdict

The broker provides a variety of educational resources, demo accounts, and VPS hosting for automated traders, making it suitable for different trading styles. FxPro’s commitment to safety, through features like negative balance protection and account segregation, further enhances its appeal as a reliable choice for traders.

 

 

4. IC Markets

IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders and scalpers. IC Markets offers cutting-edge trading platforms, low latency connectivity, and superior liquidity.

 

🔍Broker	🥇IC Markets
🔢Year Founded	2007
👤Amount of Staff	Over 200
👥Amount of Active Traders	Over 200,000
📌Publicly Traded	None
📈Regulation	ASIC CySEC FSA SCB
🌎Country of Regulation	Australia Cyprus Seychelles
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes (varies by regulation)
💙Investor Protection Schemes	✅Yes (under CySEC regulation)
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	AUD USD EUR GBP SGD JPY CHF NZD HKD CAD
💵Minimum Deposit	$200
⏰Average Deposit/Withdrawal Processing Time	1-2 business days
💳Fund Withdrawal Fee	None
✏️Spreads from	0.0 pips (Raw Spread Account)
💶Commissions	$3.5 per side per lot (Raw Spread Account)
🔟Number of Base Currencies Supported	10
💷Swap Fees	✅Yes
⬆️Leverage	Up to 1:500
📉Margin Requirements	Depends on leverage and instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	40 milliseconds
🖥️VPS Hosting	✅Yes (free under certain trading conditions)
📈CFDs-Total Offered	Over 2,000
↪️CFD Stock Indices	✅Yes
👉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank Transfer Credit/Debit Cards PayPal Skrill Neteller UnionPay, etc.
💳Withdrawal Options	Bank Transfer Credit/Debit Cards PayPal Skrill Neteller UnionPay, etc.
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader
🍎OS Compatibility	Windows Mac iOS Android
✏️Forex Trading Tools	Market analysis Economic calendar VPS Autochartist Myfxbook
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@icmarkets.com
☎️Customer Support Contact Number	+61 (0)2 8014 4280
📱Social Media Platforms	Facebook Twitter LinkedIn Instagram YouTube
⚙️Languages Supported on Website	English Chinese Spanish French German, and more
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
🖥️Webinars	✅Yes
📖Educational Resources	Articles video tutorials eBooks webinars FAQs
🤝Affiliate Program	✅Yes
👤Amount of Partners	Not specified
🫰🏻IB Program	✅Yes
🎁Sponsorships	No known sponsorships
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low forex fees	Limited product selection
Fast account opening	Slow live chat support
Tight Spreads	Withdrawal Processing Times
Multiple Trading Platforms	Commission on Raw Spread Accounts
Low Commissions	Limited Educational Resources
Flexible Funding Options	Swap Rates

 

Frequently Asked Questions

 

Does IC Markets support automated trading?

Yes, IC Markets supports automated trading through the use of Expert Advisors (EAs) on MT4, MT5, and cTrader.

 

Is IC Markets suitable for beginners?

Yes, IC Markets is suitable for both beginners and experienced traders, offering educational resources and user-friendly platforms.

 

Does IC Markets offer VPS hosting?

Yes, IC Markets offers VPS hosting services for traders who use automated trading strategies.

 

What customer support options are available at IC Markets?

IC Markets offers 24/7 customer support via live chat, phone, and email.

 

 

Our Verdict

With platforms like MetaTrader 4, MetaTrader 5, and cTrader, it supports automated trading and provides access to advanced tools. IC Markets offers competitive spreads, high leverage options (up to 1:500), and Islamic accounts, ensuring flexibility for various trading styles and requirements.

 

 

5. FP Markets

FP Markets is an Australian-based, multi-asset broker that serves clients from 80+ countries around the world.  FP Markets offers access to CFDs across Forex, Shares, Indices, Commodities & Cryptocurrencies.

 

🔍Broker	🥇FP Markets
🔢Year Founded	2005
👥Amount of Staff	Over 200
👤Amount of Active Traders	60,000+
📍Publicly Traded	None
📈Regulation	ASIC (Australia) CySEC (Cyprus) FSCA (South Africa)
🌎Country of Regulation	Australia Cyprus South Africa
🗂️Account Segregation	✅Yes
📌Negative Balance Protection	✅Yes
🚩Investor Protection Schemes	✅Yes (CySEC)
🖋️Account Types and Features	Standard Raw ECN VIP accounts available
🎉Institutional Accounts	✅Yes
👤Managed Accounts	None
💵Minor Account Currencies	EUR USD GBP AUD CAD CHF JPY NZD SGD HKD
💴Minimum Deposit	$100
⏱️Average Deposit/Withdrawal Processing Time	Instant - 1 business day
💸Fund Withdrawal Fee	None
✏️Spreads	0.0 pips
💷Commissions	From $3 per side (Raw account)
🔢Number of Base Currencies Supported	10
💶Swap Fees	✅Yes
⬆️Leverage	Up to 1:500
📉Margin Requirements	Varies by instrument and account type
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	< 40ms
➡️VPS Hosting	✅Yes (for eligible accounts)
🫴🏻CFDs - Total Offered	10,000+
📊CFD Stock Indices	23+
💡CFD Commodities	12+
👉CFD Shares	2,000+
💳Deposit Options	Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more
💳Withdrawal Options	Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more
🛎️Trading Platforms	MetaTrader 4 MetaTrader 5 IRESS,WebTrader Mobile Apps
💻OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist VPS Trading Central Myfxbook
🤝Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
🖥️Customer Support Email Address	support@fpmarkets.com
☎️Customer Support Contact Number	+61 2 8252 6800
📱Social Media Platforms	Facebook Twitter LinkedIn Instagram YouTube
⚙️Languages Supported on Website	10+ including English Spanish Chinese Arabic
📖Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
🎓Educational Resources	✅Yes (articles, videos, eBooks, market analysis)
🤝Affiliate Program	✅Yes
👥Amount of Partners	Thousands worldwide
👍IB Program	✅Yes
🎁Sponsorships	✅Yes, involved in sports sponsorships
💴Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes (Micro Accounts)
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
FP Markets is regulated in several regions	There are limited instruments offered
MetaTrader, cTrader, and IRESS are available	research tools are not extensive
Tight Spreads	Withdrawal fees apply
There are low forex fees	No sign-up or no-deposit bonus

 

Frequently Asked Questions

 

Does FP Markets provide VPS hosting?

Yes, FP Markets offers VPS hosting, especially beneficial for traders using automated trading strategies.

 

Does FP Markets offer Islamic (swap-free) accounts?

Yes, FP Markets provides Islamic (swap-free) accounts for traders who follow Sharia law.

 

Are there any trading fees or commissions?

FP Markets charges spreads starting from 0.0 pips on Raw accounts, with a commission fee on certain account types. The Standard account has no commissions but wider spreads.

 

Does FP Markets offer negative balance protection?

Yes, FP Markets offers negative balance protection, ensuring that clients cannot lose more than their account balance.

 

 

Our Verdict

FP Markets is a well-regulated broker, offering a wide range of trading platforms, including MT4, MT5, and Iress. It caters to both beginner and advanced traders with its variety of account types, low minimum deposit, and competitive trading conditions such as tight spreads and high leverage up to 1:500.

 

 

6. Pepperstone

Pepperstone was founded in 2010 in Melbourne, Australia, and processes an average of US$12.55bn of trades every day.  Pepperstone is one of the world’s largest forex brokers and is trusted by over 300,000 traders around the world.

 

🔍Broker	🥇Pepperstone
🔢Year Founded	2010
👤Amount of Staff	Approximately 200+
👥Amount of Active Traders	Over 300,000
📌Publicly Traded	None
📉Regulation	ASIC BaFin, CMA, CySEC, DFSA, FCA, SCB
🌎Country of Regulation	Australia UK UAE Germany Bahamas Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, under FCA and CySEC regulations
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	✅Yes, supports multiple currencies
💵Minimum Deposit	$200
⏰Average Deposit/Withdrawal Processing Time	1-3 business days
💳Fund Withdrawal Fee	None
✏️Spreads From	0.0 pips (Razor Account) 1.0 pips (Standard Account)
💷Commissions	$7 per round turn (Razor Account)
🔟Number of Base Currencies Supported	10+ (including USD EUR GBP AUD JPY CHF CAD, and more)
💸Swap Fees	✅Yes
⬆️Leverage	Up to 30:1 (Retail clients in UK/EU) up to 500:1 (Professional clients and other regions)
📈Margin Requirements	Varies by asset and leverage level
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	~30ms
🖥️VPS Hosting	✅Yes, free VPS for clients who meet specific trading volume requirements
👉CFDs-Total Offered	Over 1,200
📈CFD Stock Indices	23
📉CFD Commodities	15
📊CFD Shares	Over 900
💷Deposit Options	Bank transfer credit/debit cards PayPal Neteller Skrill POLi BPay UnionPay and more
💳Withdrawal Options	Bank transfer credit/debit cards PayPal Neteller Skrill POLi BPay UnionPay, and more
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Smart Trader Tools Autochartist API trading cTrader Automate
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes, 24/5
💻Customer Support Email Address	support@pepperstone.com
☎️Customer Support Contact Number	Varies by region (e.g., +44 (800) 0465473 for the UK)
📱Social Media Platforms	Facebook Twitter LinkedIn Instagram
⚙️Languages Supported on FBS Website	English Chinese Arabic German Spanish French Portuguese Italian Thai Vietnamese and more
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles eBooks video tutorials webinars trading guides
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	None
🎀Rebate Program	✅Yes, under the IB program
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Responsive and friendly customer service	Costs of holding positions overnight can be significant
No inactivity fee	International bank transfers have a $20 fee
Educational Resources and Research Tools	The variety of platforms can be overwhelming for Beginners
Quick and easy account setup	No US Clients

 

Frequently Asked Questions

 

What is Pepperstone?

Pepperstone is an online forex and CFD broker founded in 2010, providing trading services for various asset classes, including forex, commodities, indices, and cryptocurrencies.

 

Are there any withdrawal fees at Pepperstone?

Pepperstone does not charge withdrawal fees, but third-party payment providers may impose their own fees.

 

Does Pepperstone offer a demo account?

Yes, Pepperstone provides a demo account that allows traders to practice trading with virtual funds.

 

Is Pepperstone suitable for beginners?

Yes, Pepperstone is considered beginner-friendly, offering educational resources, a user-friendly interface, and customer support options.

 

 

Our Verdict

Pepperstone is a well-established forex and CFD broker that caters to a wide range of traders, from beginners to experienced professionals. With robust regulatory oversight from authorities such as ASIC and FCA, it offers a secure trading environment.

 

 

7. HFM

HFM is a forex and commodities broker that provides award-winning trading services and facilities to both retail and institutional clients worldwide.  Furthermore, HFM allows both scalpers and traders using expert advisors unrestricted access to its liquidity.

 

🔍Broker	🥇HFM
🔢Year Founded	2010
👤Amount of Staff	200+
👥Amount of Active Traders	2.5 million+
📌Publicly Traded	None
📈Regulation	FSCA DFSA FSA FCA FSC CMA
🌎Country of Regulation	UK South Africa UAE Seychelles
🗂️Account Segregation	✅Yes
➡️Negative Balance Protection	✅Yes
📌Investor Protection Schemes	✅Yes
🎉Institutional Accounts	✅Yes
👤Managed Accounts	✅Yes (PAMM/MAM accounts)
💵Minor Account Currencies	USD EUR GBP JPY AUD ZAR
💶Minimum Deposit	0 USD
⏱️Average Deposit/Withdrawal Processing Time	1 - 3 business days
💴Fund Withdrawal Fee	None, but third-party fees may apply
✏️Spreads	0.0 pips
💷Commissions	From $6 per lot (round turn)
🔢Number of Base Currencies Supported	12
💵Swap Fees	✅Yes
⬆️Leverage	Up to 1:1000
📉Margin Requirements	Varies by instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	< 30ms
🖥️VPS Hosting	✅Yes
📈CFDs - Total Offered	1,200+
📊CFD Stock Indices	20+
✏️CFD Commodities	20+
👉CFD Shares	950+
💳Deposit Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods
💴Withdrawal Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods
📊Trading Platforms	MetaTrader 4 MetaTrader 5 HF App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist Trading Central VPS HFcopy
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@hfm.com
☎️Customer Support Contact Number	+44 203 097 5796
📱Social Media Platforms	Facebook Twitter Instagram LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages, including English, Chinese, Spanish, Arabic
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
🖥️Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials eBooks Market Analysis
🤝Affiliate Program	✅Yes
🫶IB Program	✅Yes
🎁Sponsorships	✅Yes
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

🔎 Brokers Name	🥇 HFM
📌 Year Founded	2010
👤 Amount of Staff	200+
👥 Amount of Active Traders	1,000,000+
📍 Publicly Traded	None
🛡️ Regulation	FCA, CySEC, DFSA, FSA, FCA, CMA
🌎 Country of Regulation	Multiple countries
📈 Account Segregation	✅Yes
📉 Negative Balance Protection	✅Yes
📊 Investor Protection Schemes	✅Yes
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	✅Yes
💴 Minor Account Currencies	USD, EUR, GBP, JPY
💶 Minimum Deposit	None
⚡ Average Deposit/Withdrawal Processing Time	1-3 business days
💵 Fund Withdrawal Fee	Varies
⚙️ Spreads From	0.0 pips
💷 Commissions	Variable
🔢 Number of Base Currencies	40+
🔃 Swap Fees	Varies
🔖 Leverage	Up to 1:1000
🏷️ Margin Requirements	Varies
☪️ Islamic Account	✅Yes
🆓 Demo Account	✅Yes
🖥️ Order Execution Time	Instant - few seconds
💻 VPS Hosting	✅Yes
📈 CFDs Total	150+
📉 CFD Stock Indices	✅Yes
📊 CFD Commodities	✅Yes
💹 CFD Shares	✅Yes
⏩ Deposit Options	Bank transfer, credit/debit, e-wallets, crypto
▶️ Withdrawal Options	Bank transfer, credit/debit, e-wallets, crypto
🖱️ Trading Platforms	MetaTrader 4, MetaTrader 5
📌 OS Compatibility	Windows, macOS, iOS, Android
📍 Forex Trading Tools	Charting tools, technical indicators, automated trading options
🥰 Live Chat	✅Yes
☎️ Support Contact Number	Varies by Region
💙 Social Media Platforms	Facebook, Twitter, Instagram, LinkedIn
🔊 Languages Supported	Multiple
✏️ Forex Course	✅Yes
📔 Webinars	✅Yes
📚 Educational Resources	Articles, eBooks, videos, webinars
🤝 Affiliate Program	✅Yes
🫶 Amount of Partners	Numerous
🫰🏻 IB Program	✅Yes
⭐ Notable Events or Teams	✅Yes
💰 Rebate Program	✅Yes
🚀Open an Account	👉 Click Here

 

Frequently Asked Questions

 

Is HFM suitable for beginners?

Yes, HFM is considered suitable for beginners due to its user-friendly trading platforms, educational resources, and demo account options.

 

What is the process for opening an account with HFM?

To open an account with HFM, you need to complete an online registration form, provide necessary identification documents, and make a minimum deposit.

 

Can I trade cryptocurrencies with HFM?

Yes, HFM offers cryptocurrency trading, allowing clients to trade popular digital currencies alongside traditional forex and commodities.

 

Does HFM offer educational resources?

Yes, HFM offers a range of educational resources, including webinars, tutorials, and market analysis to help traders improve their skills and knowledge.

 

 

Our Verdict

HFM (formerly HotForex) is a well-regulated forex and commodities broker that caters to a diverse range of traders, from beginners to experienced professionals. With various account types, competitive spreads, and leverage options, HFM provides flexible trading conditions.

 

 

8. FBS

FBS can be summarised as a trustworthy broker with a good reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.  FBS offers quality education material, friendly trading conditions, and research tools.

 

🔍Broker	🥇FBS
🔢Year Founded	2009
👤Amount of Staff	300+
👥Amount of Active Traders	Over 17 million
📌Publicly Traded	None
📈Regulation	FSC CySEC ASIC
🌎Country of Regulation	Belize Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, under CySEC regulations
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR JPY GBP, and more
💵Minimum Deposit	$1
⏰Average Deposit/Withdrawal Time	Instant to 48 hours
💳Fund Withdrawal Fee	No fees for most methods
✏️Spreads from	0.0 pips
💷Commissions	From $0 to $20 per lot, depending on account type
5️⃣Number of Base Currencies	5+
💶Swap Fees	Applicable on most accounts except for Islamic accounts
⬆️Leverage	Up to 1:3000
📉Margin Requirements	Depends on leverage and account type
☪️Islamic Account (Swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	From 0.3 seconds
🖥️VPS Hosting	✅Yes
🫴🏻CFDs-Total Offered	200+
👉CFD Stock Indices	✅Yes
📈CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems
💳Withdrawal Options	Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems
↪️Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) FBS Trader App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Economic calendar Forex calculators Market analysis VPS Trading signals
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes, 24/7
💻Customer Support Email Address	support@fbs.com
☎️Customer Support Contact Number	Callback Option
📱Social Media Platforms	Facebook Instagram YouTube Twitter LinkedIn Telegram
⚙️Languages Supported on Website	20+ (including English, Spanish, Portuguese, Chinese, Arabic, etc.)
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles videos eBooks webinars tutorials
🤝Affiliate Program	✅Yes
👥Amount of Partners	450,000+
🫰🏻IB Program	✅Yes
🎁Sponsorships	No significant sponsorships
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low Minimum Deposit	Limited Investor Protection
High Leverage	Fees on Some Services
Multiple Trading Platforms	Variable Spread Costs
Demo Accounts	High Leverage Risks

 

Frequently Asked Questions

 

Does FBS offer a demo account?

Yes, FBS provides a demo account that allows traders to practice their trading strategies without risking real money.

 

What customer support options are available at FBS?

FBS offers customer support through live chat, email, and phone, available in multiple languages.

 

Are there any educational resources provided by FBS?

Yes, FBS offers various educational resources, including webinars, articles, and trading courses to help traders improve their skills.

 

Does FBS provide negative balance protection?

Yes, FBS provides negative balance protection to ensure that clients do not lose more than their deposited funds.

 

 

Our Verdict

FBS is regulated by reputable authorities, ensuring a level of security for its clients, and offers customer support in multiple languages. Overall, FBS stands out as a user-friendly broker with a diverse range of trading instruments, making it a strong choice for those looking to engage in forex and other financial markets.

 

 

9. eToro

eToro is one of the world’s leading social investment networks. eToro aims to revolutionize the way traders invest, and enhance investors’ financial education. eToro offers a Multi-Asset platform with access to over 2,000 different financial assets.

 

🔍Broker	🥇eToro
🔢Year Founded	2007
👤Amount of Staff	1,000+
👥Amount of Active Traders	30+ million
📌Publicly Traded	None
📉Regulation	CySec (Cyprus) FCA (UK).
🌎Country of Regulation	UK Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes (for European clients under CySEC regulation)
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP AUD
💵Minimum Deposit	$10 (varies by region and payment method)
⏰Average Deposit/Withdrawal Processing Time	Instant for deposits; 1-8 business days for withdrawals
💳Fund Withdrawal Fee	$5
✏️Spreads from	1 pip
💶Commissions	Zero commission for stocks, spreads on CFDs
9️⃣Number of Base Currencies Supported	9 USD EUR GBP AUD CAD JPY CHF NZD and more
💷Swap Fees	✅Yes (overnight fees)
⬆️Leverage	Up to 1:30 (varies by instrument and region)
📉Margin Requirements	Depends on asset class
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Market execution
🖥️VPS Hosting	None
👉CFDs-Total Offered	2,000+
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
💳Withdrawal Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
📊Trading Platforms	Proprietary eToro Platform (Web and Mobile)
🍎OS Compatibility	Windows Mac iOS Android
🔩Forex Trading Tools	CopyTrader ProCharts Trading Signals
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	Online contact form
☎️Customer Support Contact Number	N/A
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on eToro Website	20+ languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Blogs Tutorials Guides Videos
🤝Affiliate Program	✅Yes
👥Amount of Partners	N/A
🫰🏻IB Program	None
🎁Sponsorships	✅Yes, various sports and events
🎀Rebate Program	None
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Used by 6,000,000+ traders	Doesn’t allow scalping
Established in 2006	Inactivity Fee
Regulated by FCA, CySEC, and ASIC	Limited range of instruments

 

Frequently Asked Questions

 

Is eToro regulated?

Yes, eToro is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

 

What trading instruments are available on eToro?

eToro offers a wide range of trading instruments, including stocks, ETFs, commodities, cryptocurrencies, forex, and indices.

 

Does eToro offer a demo account?

Yes, eToro provides a free demo account that allows users to practice trading with virtual funds before risking real money.

 

What is eToro’s unique feature?

eToro is well-known for its social trading feature, allowing users to follow and copy the trades of successful traders on the platform.

 

 

Our Verdict

While there are withdrawal fees and limitations on leverage for retail clients, the platform’s robust educational resources and customer support options further enhance the trading experience. Overall, eToro stands out as a suitable choice for those looking to engage in online trading with a social aspect.

 

 

10. OANDA

OANDA is a trusted global brand that is best known for its reputable reputation and quality market research on offer. OANDA is extremely well-regulated and supports third-party features for an impressive overall offering.

 

🔍Broker	🥇OANDA
🔢Year Founded	1996
👤Amount of Staff	Approximately 1,000
👥Amount of Active Traders	Over 1 million users
📌Publicly Traded	None
📉Regulation	ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, through regulatory bodies
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	✅Yes
💴Minor Account Currencies	✅Yes, supports multiple currencies
💵Minimum Deposit	No minimum deposit for standard accounts
⏰Average Deposit/Withdrawal Processing Time	1-3 business days
💳Fund Withdrawal Fee	No withdrawal fees for most methods
✏️Spreads From	From 0.0 pips (variable spreads)
💷Commissions	Commission-free trading on standard accounts
🔢Number of Base Currencies Supported	50+
💸Swap Fees	Varies based on the asset and position
⬆️Leverage	Up to 1:200, varies by jurisdiction
📈Margin Requirements	Varies based on account type
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Typically within milliseconds
🖥️VPS Hosting	Available upon request
🫴🏻CFDs - Total Offered	100+
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Credit/Debit cards, Bank transfers, PayPal, etc.
💳Withdrawal Options	Bank transfers, PayPal, and other e-wallets
📊Trading Platforms	OANDA Trading Platform, MetaTrader 4
🍎OS Compatibility	Web-based, Windows, Mac, Mobile apps
✏️Forex Trading Tools	Economic calendar, technical analysis tools
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	frontdesk@oanda.com
☎️Customer Support Contact Number	Varies by region
📱Social Media Platforms	Facebook, Twitter, LinkedIn
⚙️Languages Supported on OANDA Website	Multiple languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles, tutorials, and market analysis
🤝Affiliate Program	✅Yes
👥Amount of Partners	Varies
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, often involved in trading expos and events
🎀Rebate Program	✅Yes, depending on account types
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Excellent trading platforms	Only FX and CFD available
Great research tools	No stock exchange listing
User-friendly	Customer support is not 24/7

 

Frequently Asked Questions

 

Is OANDA suitable for beginners?

Yes, OANDA is considered beginner-friendly due to its user-friendly platforms, educational resources, and demo account options.

 

What educational resources does OANDA offer?

OANDA provides a range of educational resources, including webinars, articles, tutorials, and market analysis to help traders improve their skills.

 

Does OANDA support Islamic accounts?

Yes, OANDA offers swap-free Islamic accounts for traders who require them for compliance with Sharia law.

 

Are there any withdrawal fees at OANDA?

OANDA generally does not charge withdrawal fees, but fees may apply based on the payment method used.

 

 

Our Verdict

The absence of a minimum deposit requirement, coupled with features like negative balance protection and the availability of demo accounts, makes OANDA an attractive option for those looking to start trading. Furthermore, OANDA provides extensive educational resources and robust customer support, ensuring that traders have the tools and assistance they need to navigate the forex market effectively.

 

 

What is a PAMM Account Forex Broker?

A PAMM (Percentage Allocation Management Module) account is a type of investment account offered by forex brokers that allows investors to allocate their funds to be managed by experienced traders or money managers.

 

How PAMM Accounts Work:

• Investors deposit funds into a PAMM account.
• A trader (the PAMM manager) uses the pooled funds to trade in the forex market.
• Profits and losses are shared among the investors according to their percentage of the total funds in the PAMM account.
• The PAMM manager receives a performance fee based on the profits generated.

 

PAMM accounts are a convenient option for those looking to invest in forex trading without the need for direct involvement. They offer the advantage of professional management and the potential for returns while allowing for risk diversification across different traders and strategies. However, like all investments, PAMM accounts carry risks, and investors should conduct due diligence before selecting a manager.

 

 

Pros and Cons

✅Pros	❌Cons
Professional Management	Risk of Loss
Diversification	Minimum Investment Requirements
Accessibility for Non-Traders	Fees and Costs

 

Conclusion

Now it is your turn to participate:

 

• Which PAMM Account Forex Broker from this list do you intend to test out?
• What was the determining factor in your decision to engage with a certain broker?
• Was it because of the PAMM Account option on offer or the Pros and Cons?

 

Regardless, please share your thoughts in the comments below.

 

You Might Also Like:

 

• Best Forex Trading Demo Accounts
• Best Forex Robot Traders
• Best Forex Brokers for beginners
• Best NFA Regulated Forex Brokers

 

Frequently Asked Questions

 

What platforms does AvaTrade support?

AvaTrade supports several platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, and the AvaOptions platform.

 

What leverage does RoboForex provide?

Leverage at RoboForex can go up to 1:2000, depending on the account type and regulatory restrictions.

 

What leverage does FxPro offer?

FxPro offers leverage up to 1:500, depending on the asset class and client’s jurisdiction.

 

What types of accounts are available at IC Markets?

IC Markets offers Standard, Raw Spread, and Islamic (swap-free) account types.

 

What are the available deposit and withdrawal options?

FP Markets supports a variety of payment methods, including credit/debit cards, bank transfers, PayPal, Neteller, Skrill, and other local payment systems.

 

Does Pepperstone have an affiliate program?

Yes, Pepperstone has an affiliate program that allows partners to earn commissions by referring new clients.

 

What customer support options are available at HFM?

HFM provides customer support through live chat, email, and phone support to assist traders with their inquiries.

 

Can I trade cryptocurrencies with FBS?

Yes, FBS offers trading in several cryptocurrencies, allowing clients to diversify their trading portfolio.

 

Are there any withdrawal fees on eToro?

eToro does charge a withdrawal fee, which is generally around $5 per withdrawal, but it’s important to check the latest terms on their website.

 

Does OANDA provide a demo account?

Yes, OANDA offers a free demo account that allows users to practice trading with virtual funds before committing real money.

 

What are some risks associated with investing in PAMM accounts?

Some of the risks associated with PAMM accounts include the risk of fraud or mismanagement by the fund manager, as well as the risk of market volatility and currency fluctuations.

 

How can I monitor the performance of my PAMM account?

Most PAMM account forex brokers provide investors with access to online dashboards that allow them to monitor the performance of their investments in real time.

 

What are the fees associated with PAMM accounts?

The fees associated with PAMM accounts offered by brokers can vary but typically include a management fee, which is a percentage of the total investment, as well as a performance fee.