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Top Forex Brokers with Pamm Account 2023

Percentage Allocation Administration PAMM brokers, also known as module brokers, enable traders to transfer their capital to a selected money manager who will execute trades on their behalf. This method lets traders automate their trading activities and generate profits without having to do manual actions.

By Susan ScavaPublished about a year ago Updated about a year ago 3 min read
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Top Forex Brokers with Pamm Account 2023
Photo by Viktor Forgacs on Unsplash

Here is a list of forex brokers who offer pamm accounts:

AvaTrade

One of the top CFD trading platforms in the world, AvaTrade enables users to trade stocks, currencies, ETFs, commodities, and more. PAMM money managers can utilize automated methods and EAs on AvaTrade. Money managers can use the account to set up various trading sub-groups to carry out various plans. It gives traders the ability to control an infinite number of subaccounts.

Due to its ability to assign trades based on equity, lots, or percentage/balance, AvaTrade offers significant flexibility. The minimal trade size starts at one micro lot and is offered on MT5.

The attractive fee structure of AvaTrade, which levies no commissions when a trade is placed, is also advantageous to clients.

FxPro

In this FxPro review we can also see offers a user-friendly and customizable platform that allows for easy management of PAMM accounts. The platform offers a wide range of trading instruments, including forex, indices, commodities, and more. It also provides access to a variety of trading tools such as technical indicators, charting, and market news.

With up to 500:1 leverage available on some assets, the FxPro review shows that it is among the top high-leverage brokers available.

Users can use Expert Advisors and get in-depth performance reports with their pamm account.

Using the PAMM account entitles one to a rebate. The individual PAMM money manager may choose the markup and the performance fees. It offers a variety of allocation options, such as proportional equity versus balance or allocation based on equity percentage.

Roboforex

RoboForex completes our list of the best forex brokers for PAMM accounts. RoboForex, as its name suggests, is an online FX broker that specializes in trading automation, particularly by enabling customers to invest in other traders, much like a PAMM account.

There are hundreds of community members to take into account, and the smallest investment in other traders is a mere $100. RoboForex makes it easy to select a trader that meets each client's demands by displaying each trader's profitability, maximum drawdown, and number of trading days.

OANDA

A forex broker with more than 25 years of business experience is OANDA, situated in the US. Clients can start API trading with OANDA, which enables them to link their accounts to a third-party platform. Clients can automate the trading process by giving their wealth to money managers through this technique.

Due to its simplicity and the fact that there is no minimum deposit requirement and customers may take advantage of a commission-free trading system, OANDA is the best PAMM forex broker. OANDA also provides trade sizes below micro lots, making it the perfect platform for beginners.

OANDA offers complete MT4 support, with customer care available around the clock to address any questions. The platform is highly safe because the CTFC, NFA, and FCA govern it. Finally, customers will always find plenty of possibilities in the market because more than 65 FX pairs are available to trade (including minors and exotics).

Comclusion

In conclusion, there are several forex brokers that offer PAMM accounts, each with their own unique features and benefits. AvaTrade is one of the top CFD trading platforms in the world, offering significant flexibility and a favorable fee structure. FxPro offers high leverage and in-depth performance reports, while RoboForex specializes in trading automation and has a large community of traders to choose from. OANDA, with its long history and commission-free trading system, is a great option for beginners. All of these brokers are well-regulated and provide great customer support. Ultimately, the best PAMM forex broker for you will depend on your specific needs and preferences.

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