4 Best MAM/PAMM Account Forex Brokers for 2026
The only way I would let someone else place trades on my account is through a MAM/PAMM account. It’s safe (and I don’t mean it’s safe from losses, but it’s safe that the person managing your capital can’t steal it), and it’s easy because the brokers take care of the setup and performance payouts.
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That’s why MAM/PAMM is the most popular method for retail traders to have other professionals manage their money. But not all brokers are created equal, and they can have very different capabilities for their MAM/PAMM accounts. I have personally used MAM/PAMM accounts in my trading career for two very different types of trading. I found that when choosing, there were many options, which was helpful because I could find solutions for two different trading styles, but I also had a lot to sort through.
Our job at FXEmpire is to sort through these types of offerings and use our expertise to give you an overview of why some options may be better than others. So, let’s do that for MAM/PAMM services.
List of Top Forex Brokers with MAM/PAMM Accounts
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
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| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
Vantage | 4.6 | 4.4 | $50 | 1:1000 (FSCA) 1:1000 (CIMA) · 1:30 (ASIC) · 1:30 (FCA) · 1:2000 (VFSC) · 1:1000 (FSCM) | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
How Did I Select the Best MAM/PAMM Accounts?
- I first ensured that I only reviewed brokers offering MAM/PAMM accounts
- Next, I checked that the broker allowed multiple sub-accounts under a master MAM/PAMM account.
- I ensured that their MAM/PAMM structure did not
- restrict any strategies or markets
I examined the broker’s liquidity arrangements - and execution speed, areas that can affect MAM/PAMM accuracy.
- I looked at the range of platforms each brokeroffers to see if it would meet most traders’ needs and if there are gaps in their tools.
- I verified each broker’s license, checking to see that their licenses are active in the jurisdictions they claim.
- I opened live accounts with each broker to see their real-time spreads and trading costs, and compared that to the industry average.
Now, let’s delve into the selected brokers.
Best Overall
- $50Min Deposit
- 1056Tradable Instruments
- LowFees
Why We Picked It
Founded in 2009, Vantage is an Australian-based Forex and CFD broker. As you’d expect from an Australian-based broker, it holds an Australian regulatory license from ASIC, which most traders, including me, consider to be a Tier 1 regulator. Vantage also holds regulatory licenses in a bunch of other regions: another Tier 1 license with the UK’s FCA, plus licenses in other regions: South Africa (FSCA), Cayman Islands (CIMA), Mauritius (FSC), and Vanuatu (VFSC).
Vantage covers the popular markets most traders want: currency pairs, commodities, individual stocks, indices, and cryptocurrencies. Most of these are spot contracts, but they cover some of these markets with futures pricing and ETFs. (Their futures contracts are still CFDs that mirror futures pricing, and not actual futures contracts with the exchanges.)
MAM/PAMM Account Features:
- Trading Platforms: MT4, MT5, ProTrader
- Investor’s Trade Size: From 0.01 lots
- Account Fees: 20%
- Speed of Execution: 100 milliseconds
I used their Raw ECN account to carry out my tests. It has spreads from 0.0 pips and a $6 round-turn commission per traded lot, which overall, narrowly beats the industry average. The ECN account has a minimum deposit of $50, which is low, especially for an ECN account.
All of Vantage’s platforms can be used as MAM/PAMM accounts. MT4 and MT5 will likely be the most popular choice for most traders for MAM/PAMM, given how popular their terminals are in general, especially MT4 for purely Forex-focused traders.
MT4/MT5 has decent capabilities for automated trading. But there are two reasons to consider the Vantage Web Trading platform over MT4/MetaTrader: first, it can route orders to brokers’ ECN networks through a direct connection, which makes it less susceptible to broker-side manipulation and potentially faster execution. Second, the Vantage platform has more customizable features. Its users rave about its hotkeys (the ability to program keys to carry out actions, e.g., buying, selling, and canceling orders) and its customizable multi-monitor layouts. These are things MT4/MT5 cannot do, and I’m often frustrated by MetaTrader’s rigidity.
For MAM/PAMM accounts with at least $1000, Vantage gives free VPS hosting. This brings the MAM/PAMM execution speed down to under 3 milliseconds. Faster execution speeds are always better, but these faster speeds will make the most difference to scalpers.
Pros and Cons
- Tight spreads on popular assets
- Free VPS hosting
- Customizable Vantage Web Platform
- Two raw-spread accounts with low commissions
- Customer support could be slow
Best Low Spreads
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2005, FP Markets is another Australian-headquartered broker, with Tier 1 regulation under Australia’s ASIC. It also holds Tier 1 regulation in Europe (through Cyprus’s CySEC), and it has other regulatory licenses in South Africa (FSCA), Kenya (CMA), Mauritius (FSCM), St. Vincent & the Grenadines (FSA), and Seychelles (FSA).
FP Markers covers Forex, share CFDs, indices, commodities, cryptocurrencies, and bonds/fixed income.
MAM/PAMM Account Features:
- Trading Platforms: MT4, MT5
- Investor’s Trade Size: From 0.01 lots
- Account Fees: Zero
- Speed of Execution: <50 milliseconds
I want to highlight that even though FP Markets offers several trading platforms, their MAM/PAMM accounts must use MT4 or MT5. Specifically for MAM/PAMM, I don’t see this as a significant restriction because the MAM/PAMM minimum deposit is low at $100 and allows for raw spreads. Plus, for sub-account holders, they’re usually more interested in the execution being available rather than any specific charting capabilities.
When I tested their live account, I consistently saw spreads close to 0 pips, as advertised. Their $6-per-round-turn commission is slightly better than the industry average.
Overall, FP Markets offers an efficient access point to MAM/PAMM accounts, with low spreads, fast execution, a wide selection of markets, and low minimum deposits.
Pros and Cons
- Competitive spreads across all markets
- 10,000+ trading assets
- Research from Autochartist
- $100 minimu deposit
- No VPS
Best MT4 MAM
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2006, AvaTrade has Tier 1 regulation in multiple jurisdictions: Australia (ASIC), Europe (through Cyprus’s CySEC), Ireland (CBI), and Japan (JFSA). It also has further licenses in South Africa (FSCA), Israel (ISA), Abu Dhabi (FSRA), and the British Virgin Islands (FSC). One of the things that makes AvaTrade unique amongst its peers on this list is that it’s one of the few large brokers that operates a market-maker/dealing desk execution model, i.e., it fills trades internally rather than directly with external liquidity providers.
MAM/PAMM Account Features:
- Trading Platforms: MT4, MT5
- Investor’s Trade Size: From 0.01 lots
- Account Fees: Zero
- Speed of Execution: <40 milliseconds
One overlooked material advantage of a market maker/dealing desk model is that the broker can guarantee fills because it sets prices on both sides and controls the fills. The chart is a “what you see is what you get” environment. (That doesn’t necessarily mean a market maker will always fill at the displayed price, merely that it has the ability to do so.) However, some traders do not want a market maker broker because it can manipulate prices and fills.
In my live test with an AvaTrade MetaTrader account, the EURUSD spread averaged 0.9 pips, beating the industry average of 1.3 pips. Their MAM/PAMM accounts allow for up to 1,000 sub-accounts. AvaTrade does not restrict strategies or order types for MAM/PAMM accounts. Overall, I believe that AvaTrade is reputable enough to trust its market maker model and rely on its greater predictability to fill trades.
Pros and Cons
- Unique risk management tool AvaProtect
- Low spreads on forex and commodoties
- Great range of trading software
- Bonds and options available for trading
- Deposit/withdrawal only via bank wire and bank cards
Best Trading Platform
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
Founded in 2006, FxPro has several Tier 1 regulatory licenses, including regulation with the UK’s FCA, in Europe with Cyprus’s CySEC. It holds additional licenses in the Bahamas (SCB license) and Seychelles (FSA license). FxPro goes a step further by naming the banks holding its clients’ funds and its external auditors on its website.
FxPro offers Forex, indices, CFDs on shares, futures (CFDs, not direct futures contracts), metals, energy, and cryptocurrencies. In total, it offers 2,100 instruments, which is larger than average.
MAM/PAMM Account Features:
- Trading Platforms: MT4, MT5
- Investor’s Trade Size: From 0.01 lots
- Account Fees: Zero
- Speed of Execution: <8 milliseconds
FxPro is one of the largest brokers on this list: $120 million dollars in company capital, 17 million client accounts, 300 employees and 12 liquidity providers. It is a non-dealing desk broker that has some of the fastest execution times in the industry at under 8 milliseconds.
When I tested their spreads using their commission-free live account, EURUSD averaged 1.2 pips, slightly better than the industry average of 1.3 pips.
FxPro offers MAM/PAMM on MT4 and MT5. It has a proprietary web platform too, but does not offer MAM/PAMM using it. FxPro is a solid choice for most traders. It’s clearly well-established, has plenty of trading instruments, and has fantastic execution speed. After reviewing it, I’m considering using it as my next broker.
Pros and Cons
- Super fast execution speed of around 8ms
- Trading Central content and FxPro Squawk news
- Competitive spreads on Raw+ and Elite accounts
- Powerful FxPro WebTrader + its mobile version
- High spreads on the Standatd account
All the Brokers We Tested
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About the Authors
Huzefa Hamid is a multi-asset technical swing trader and market commentator. He began trading equities and equity options in the early 2000s before expanding into Forex and commodities, focusing on liquid instruments suited to technical analysis. A process-oriented, multi-timeframe trader, Huzefa specializes in support and resistance, trend analysis, and classic chart patterns. Drawing on his experience as a trader, broker analyst, and trading educator, Huzefa has a deep understanding of the brokerage industry, giving readers confidence in his broker reviews and recommendations.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.