Best Forex MAM, PAMM, LAMM Account

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

FXTM

Regulated By:

CySEC, FCA, IFSC

Foundation Year
2011
Headquarters:

FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit
$10
Visit Broker

Your capital is at risk

FXCM

Regulated By:

AMF, ASIC, BaFin, CONSOB, FCA, FSB

Foundation Year
1999
Headquarters:

N/A

Min Deposit
$50
Visit Broker

Your capital is at risk

FP Markets

Regulated By:

ASIC

Foundation Year
2005
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your capital is at risk

AvaTrade

Regulated By:

ASIC, BVI, FSA(JP), FSB

Foundation Year
2006
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your capital is at risk

Alpari

Regulated By:

FSC

Foundation Year
1998
Headquarters:

N/A

Min Deposit
$null
Visit Broker

Your capital is at risk

EightCap

Regulated By:

ASIC

Foundation Year
2009
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your Capital is at Risk

Forex MAM, PAMM, LAMM Account Comparison Table

Scroll for more details
Broker
Rating
Regulations
Headquarters Country
Foundation Year
Min Deposit
Max Leverage
Trading Platforms
Publicly Traded
Restricted Countries
Trading Desk Type
Currencies
Commodities
Indices
Stocks
Cryptocurrency
ETFs
Bonds
Futures
Options
Mutual funds
Deposit
Withdrawal
Commission on trades
Fixed spreads
OS Compatibility
Mobile trading
promotions
Visit Broker
CySEC, FCA, IFSC

Cyprus

2011

$10

1:30

MT4

No

Belize, Japan, United States

ECN, STP

Yes

Yes

Yes

Yes

Yes

No

No

No

No

No

Credit Card, Neteller, QIWI, Skrill, Webmoney, Wire Transfer

Credit Card, cryptocurrencies, Neteller, QIWI, Skrill, Webmoney, Wire Transfer

Yes

No

Desktop platform (Windows), Desktop platform (Mac), Web platform

Android, iOS

No
Open Account

Your capital is at risk

AMF, ASIC, BaFin, CONSOB, FCA, FSB

United Kingdom

1999

$50

1:30

MT4

No

Russian Federation, United States

No dealing desk

Yes

Yes

Yes

No

No

No

No

No

No

No

Credit Card, Neteller, PayPal, Skrill, Western Union, Wire Transfer

Neteller, PayPal, Skrill, Wire Transfer

No

No

N/A

N/A

No
Open Account

Your capital is at risk

ASIC

Australia

2005

$100

1:500

MT5

No

Japan, New Zealand, Niger, North Korea, United States

DMA, ECN

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

No

Cash-U, Credit Card, Neteller, PayPal, QIWI, Skrill, Webmoney, Wire Transfer

Credit Card, FasaPay, Neteller, PayPal, Skrill, Wire Transfer

No

No

N/A

N/A

No
Open Account

Your capital is at risk

ASIC, BVI, FSA(JP), FSB

Ireland

2006

$100

1:400

ActTrader, MT4

No

United States

Market Maker

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer

Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer

No

Yes

N/A

N/A

No
Open Account

Your capital is at risk

FSC

Mauritius

1998

$null

1:1000

MT4, MT5

No

United States

ECN, STP

Yes

Yes

Yes

Yes

No

No

No

No

No

No

Credit Card, FasaPay, Neteller, OKPay, Skrill, Webmoney, Wire Transfer

FasaPay, Neteller, OKPay, Skrill, Webmoney, Wire Transfer

Yes

Yes

N/A

N/A

No
Open Account

Your capital is at risk

ASIC

Australia

2009

$100

1:500

MT4, MT5

No

United States

No dealing desk, STP

Yes

Yes

Yes

No

No

No

No

No

No

No

China UnionPay, Credit Card, Moneybookers, Poli, Skrill, Wire Transfer

China UnionPay, Credit Card, Skrill, Wire Transfer

Yes

No

N/A

N/A

No
Open Account

Your Capital is at Risk

Introduction to MAM, PAMM, LAMM Accounts

This article will look at what each account type entails – MAM, PAMM and LAMM, the processes involved, and what they have too offer. We delve into the benefits of managed accounts, and what too look out for when choosing a managed account and money manager.

PAMM (Percent Allocation Management Module) Account?

PAMM is an account in which investors pool their money together for the use of a qualified trader/money manager to invest their money. An investor can choose however much they want to allocate to this account and pick who manages the account for trading. The trader/money manger can also add their own capital to these money pools, in hopes they’ll increase profits. The following participants are needed to operate a PAMM account; a forex broker/forex brokerage, a trader/money manager, and an investor. There can be multiple investors and traders under one PAMM account, it just depends on the scale and situation.

The way investors make money with this account is as follows; when there is a period of time and the investment pool successfully makes a profit, the money manager subtracts his percentage fee from the profit made. Then the remaining profit is distributed to the remaining investors based on how much money they put into the pool. If the pool is invested unsuccessfully, the money manager will not get his commission, and each of the investors portion in the money pool will go down the percentage dropped, including the money managers portion.

An important feature of the PAMM system which is attractive to investors is the possibility to diversify risks by investing in multiple PAMM accounts. As well, PAMM accounts tend to be very popular among investors due to the large amount of highly reputable money managers.

What is a LAMM (Lot Allocation Management Module) Account?

Some might say, a LAMM account is essentially a new and improved version of PAMM accounts. The two accounts are very similar, but there is one main difference. LAMM accounts have a different way of profit allocation as well as more enhanced risk management- PAMM uses a percentage payout system, while LAMM uses lot allocation, because your funds are not actually transferred when using this type of account. So, in other words, the trades of the money manager are copied on the accounts of the investors. The money manager uses their own personal account for the trades, and they are simultaneously copied by the investor via lot allocation.

The investor can specify their amounts to be traded, monitor the trades done by the money manager, connect their account to several managers, and can withdraw at any time. Like PAMM the money manager sets a fee for the services of managing the account this way.

What is a MAM (Multi-Account Manager) Account?

MAM accounts are very similar to PAMM and LAMM accounts. They use a percentage allocation method for profits and losses like in PAMM accounts, and the manager can set the number of lots to be traded like in LAMM accounts. However, in addition to these features, MAM accounts provide increased flexibility to allocate higher leverage to determined subaccounts. This feature adjusts the risk level making it attractive among riskier investors.

Why have a Managed Account?

Many traders both experienced and inexperienced may prefer managed accounts. Managed accounts- if managed properly, can make for an excellent way to create passive income. Account managers are more experienced and dedicated to turning a profit. After all, it is their day job. They have the time and put in the effort to trade successfully. The forex market is a very unforgiving and strenuous market to manage, and without professional help you may find yourself in deep trouble trying to navigate charts, analyse data, and conduct timely trades.

Some benefits to managed accounts are:

  • The use of managed accounts provides you the opportunity to seek other endeavours while your money is being managed professionally.
  • Account managers are generally very experienced and good at what they do. Especially if they are managing your funds along with their own, they have even more incentive to succeed and trade effectively.
  • Trading can be very emotional and stressful for many individuals. Trading with account managers takes the stress away, by forgetting about it and letting them deal with the ups and downs.
  • Many fund managers can offer new forms and methods of investing you were never aware of before. In doing so they can provide historical information and reasoning behind their decisions, providing you with a level of security and optimism.

What to Look for Before Opening a PAMM, LAMM, MAM Account?

When opening a managed account there are many things to consider. This is very serious business and you want your money managed by a reputable manager with an appropriate account type for your needs. First, you want a successful account manager dealing with your funds. Thus, you must review their past performance and look for consistent profitability. Every account you consider should have a minimum track record of 3-5 years of performance data. Once you have determined some profitable account managers you must consider the risk profiles of such managed accounts to match your personal risk levels. Finally, you need to consider the fees involved, and minimum deposits.

Does MT4 Support a PAMM, LAMM, MAM Account?

MetaTrader4 offers numerous account types and trading strategy integrations into the platform. Over the years there have been several third-party integrations supporting the use of PAMM, LAMM, and MAM account types. Due to the simplicity of the MT4 system it is possible to integrate these account types.