The 10 Best Forex Brokers with PAMM Accounts revealed. We have rated and reviewed the Best PAMM Forex Brokers.
This is a complete listing of The 10 Best PAMM Account Forex Brokers. In this in-depth write-up you will learn:
- Are PAMM Accounts Legal?
- PAMM Account Reviews
- The Most Profitable PAMM Account
- PAMM Account Manager – Explained
- PAMM Account Brokers – USA
- PAMM Account Brokers – South Africa
and much, much more!
PAMM Account – A Definition
The percentage allocation management module, percentage allocation money management or PAMM, refers to pooled money forex trading. A PAMM account will allow an investor to allocate their capital in desired proportion to the qualified trader(s)/money manager(s) of their choice.
10 Best Forex Brokers with PAMM Accounts in 2025 – A Comparison
🔎 Broker | ⚙️ PAMM Account | 💰 Min. Deposit | 📈 Leverage | 🚀 Open an Account |
🥇 AvaTrade | ✅ Yes | $100 USD | 1:400 | 👉 Click Here |
🥈 Alpari | ☑️ Yes | $100 USD | 1:50 | 👉 Click Here |
🥉 FxPro | ✅ Yes | $100 USD | 1:500 | 👉 Click Here |
🏅 IC Markets | ☑️ Yes | $200 USD | 1:500 | 👉 Click Here |
📌 FP Markets | ✅ Yes | $100 USD | 1:500 | 👉 Click Here |
📍 Pepperstone | ☑️ Yes | $0 USD | 500:1 | 👉 Click Here |
📌 HFM | ✅ Yes | $5 USD | 1:1000 | 👉 Click Here |
📍 FBS | ☑️ Yes | $5 USD | 1:3000 | 👉 Click Here |
📌 eToro | ✅ Yes | $50 USD | 1:30 | 👉 Click Here |
📍 Oanda | ☑️ Yes | $0 USD | 1:200 | 👉 Click Here |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers with PAMM Accounts (2025)
- ✅ AvaTrade – Overall, the Best PAMM Account Forex Broker
- ✅ Alpari – Low-Spread PAMM Account
- ✅ FxPro – Low Deposit PAMM Account Broker
- IC Markets – Flexible PAMM Account Forex Broker
- FP Markets – Best PAMM Account Forex Broker for Beginners
- Pepperstone – Popular Forex Broker for Experience Traders
- HFM – Highly Regulated Broker Choice
- FBS – Excellent Online Trading Experience
- eToro – High Forex Trust Score
- Oanda – PAMM Account with Strict Regulation
AvaTrade
AvaTrade is a well-regulated forex service provider that offers access to 1250+ instruments to trade including forex, cryptocurrencies, stocks, commodities, and indices. Furthermore, AvaTrade Client funds are held in segregated accounts and a new client bonus is available. AvaTrade allows PAMM money managers to use automated strategies and EAs.
AvaTrade Overview
🔎 Broker | 🥇 AvaTrade |
📜 Regulation | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA |
💳 Minimum deposit | $100 USD / R1816 ZAR |
🚀Bonus | ✅ Yes |
🔥Trust Score | 94% |
🔥Live support | 24/5 |
📱 MetaTrader 4 (MT4) | ✅ Yes |
📱 MetaTrader 5 (MT5) | ✅ Yes |
📊Trading Islamic Account | ✅ Yes |
📊CFDs - Total Offered | 1,200 CFDs |
💰 Spreads | 0,9 pips |
💰 Withdrawal fee amount | Zero |
💰 Trading fees class | Very Low |
✔️ Scalping Allowed | ✅ Yes |
📈Products Offered | Forex, Stocks (CFDs), Commodities (CFDs), Indices (CFDs), Cryptocurrencies (CFDs) |
👥Account Types | Various, including standard accounts, demo accounts, Islamic accounts, and professional accounts (depending on regulation) |
📚Educational Resources | Webinars, articles, tutorials |
📍 Focus | User-friendly platform for beginners and experienced traders |
☎️Customer Support | Multiple languages offered |
📌Important Note | AvaTrade does not offer direct trading on the Volatility 75 Index (VIX). |
🚀 Open a account | 👉 Click Here |
AvaTrade Pros and Cons
✅ Pros | ❌ Cons |
Easy Account opening | Limited product portfolio |
No withdrawal fee | Administration fee |
Low trading fees | Inactivity fee |
Negative balance protection | Not listed on stock exchange |
Alpari
Overall, Alpari can be summarised as a credible and trusted broker that is very competitive regarding its trading fees (against major currency pairs). The spread is also very low and is considered a low-risk trading environment.
Min Deposit USD 100 Regulators FSC Trading Platform MT4, MT5 Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Alpari offers leverage up to 1:50. An Alpari Leverage, Margin, and Commission breakdown is additionally available.
Featured
🔎 Broker | 🥇Alpari |
Company Information | |
📅Year Founded | 1998 |
🧑🏻💻Amount of staff | Over 500 |
👩💻Amount of active traders | Over 1,000,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSC |
🌎Country of regulation | Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, ECN, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, RUB |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Fast and efficient |
🪙Fund Withdrawal Fee | No Fees |
📊Spreads from | 0.1 pips |
💸Commissions | Varies based on account type |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:500 |
📏Margin requirements | Vary based on instrument and account type |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Fast execution |
📆VPS Hosting | Available |
Trading Instruments | |
🧾CFDs-Total Offered | 200+ |
🗠CFD Stock Indices | 20+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 100+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, wire transfer, e-wallets |
💵Withdrawal Options | Credit/debit cards, wire transfer, e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👩💻OS Compatibility | Windows, Mac, Android, iOS |
🖥️Forex trading tools | Economic calendar, charting tools, news feed |
Customer Support | |
🗣️Live chat availability | 24/5 |
📱Customer Support email address | customersuppport@alpari.org |
📞Customer Support Contact Number | +44 20 3137 5757 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Russian, Spanish, Arabic, Chinese, and more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, guides |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 10,000 |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Demo Accounts and Social Trading | Limited educational resources |
Great copy trading broker | Lack of resource tools |
A diverse selection of tradeable assets | High fees |
Good support in over 30 languages | Withdrawal fees |
Our Findings
Alpari is known for offering high-leverage options, with leverage increasing to 1000:1 for certain account types and instruments.
FxPro
FxPro offers Contracts for Difference (CFDs) on 6 asset classes in 170 countries across the globe. FxPro is well-regulated by multiple global authorities including the FCA and CySEC. The minimum deposit required to open a FxPro account is $100 USD. With the FxPro’s PAMM account traders will be able to utilize Expert Advisors and receive comprehensive reports on the performances.
FxPro Overview
🔎 Broker | 🥇 FXPro |
📌 Regulation | FCA, CySec, FSCA and SCB |
🏆 Awards | 80+ |
🚀 Welcome Bonus | No |
☪️ Islamic Account | Yes |
💰 Minimum Deposit | $100 USD |
👍 Demo Account | Yes |
💰 Maximum Leverage | 1:30 |
💰 Minimum Lot Size | 0.01 |
💰 Maximum Lot Size | 10 000 |
🔎 Open an Account | 👉 Click Here |
FxPro Pros and Cons
✅ Pros | ❌ Cons |
Segregates client funds | Not ASIC Regulated |
Highly Regulated (FCA, CySEC, FSCA) | High trading fees |
Low Minimum Deposit | Inactivity Fee |
User-Friendly account registration | Only CFDs and Forex |
Fast Trade Execution (Ultra-low latency) | No Bonuses or Promotions |
Multiple Trading Platforms (MT4, MT5, cTrader, FxPro Edge) | Limited Range of Tradable Assets (No direct stocks or ETFs) |
No Deposit Fees | Higher Spreads on Some Accounts |
24/5 Multilingual Support | No Social Trading Features |
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IC Markets
IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders, scalpers, and beginner traders. Furthermore, IC Markets makes cutting-edge trading platforms, low latency connectivity, and superior liquidity. IC Markets is well-regulated by ASIC, CySEC, FSA, and SCB. A IC Markets PAMM account allows traders to manage an unlimited number of sub-accounts.
IC Markets Overview
🔎 Broker | 🥇 IC Markets |
📌 Regulation | Regulated by ASIC (Australia), CySEC (Cyprus) |
☪️ Islamic account (swap-free) | ✔️ Yes |
📒 Demo Account | ✔️ Yes |
💰 Bonus | No Sign-up Bonus |
✴️ Institutional Accounts | ❌ No |
👨🏼💼 Managed Accounts | ❌ No |
📈 Maximum Leverage | 1:500 |
💰 Minimum Deposit | $200 USD |
📌 PAMM Accounts | Yes |
💹 Margin Call | 100% |
⛔ Stop-Out | 50% |
💷 Minimum Commission per Trade | From $3 to $3.5 |
🪙 Crypto trading offered | Yes |
🔒 Segregated Accounts | Yes |
👥Account Types | Standard, Raw Spread, True ECN |
🖥️Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets Raw Spread Platform |
📙Educational Resources | Webinars, market analysis, educational materials |
☎️Customer Service Hours | 24/5 multilingual customer support |
🔘 Tradeable Instruments | Forex, CFDs on indices, shares, commodities, cryptocurrencies |
📍Focus | Raw spreads, deep liquidity, advanced trading tools |
📌Important Note | CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. |
🚀 Open an Account | 👉 Click Here |
IC Markets Pros and Cons
✅ Pros | ❌ Cons |
Low Forex Fees | Limited Product Selection |
Easy Account Opening | Slow Chat Response |
Min Deposit USD 200 Regulators ASIC, CySEC, FSA, SCB Trading Platform MT4, MT5, WebTrader Crypto Yes Total Pairs 61 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FP Markets
FP Markets allows investors to trade CFDs across Forex, Shares, Indices, Commodities & Cryptocurrencies with spreads starting from as low as 0.0 Pips. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets makes available a number of managed forex accounts, including a PAMM account.
FP Markets Overview
🔎 Broker | 🥇 FP Markets |
📌 Regulation | CySEC, ASIC |
☪️ Islamic account | ✅ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:400 |
💰 Minimum Deposit | $100 USD |
Open an Account | 👉 Click Here |
FP Markets Pros and Cons
✅ Pros | ❌ Cons |
Easy and fast account opening | Limited product portfolio |
Low trading fees | High CFD fees |
Fast execution of trades | High minimum deposit |
Low Forex fees | High fee for international bank withdrawal |
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone
Pepperstone has grown to become one of the largest forex brokers in the world. Pepperstone is an ASIC, FCA, and CMA-regulated broker, and client funds are kept in segregated accounts. With the Pepperstone PAMM account traders can engage in hedging and scalping, as well as using EAs.
Pepperstone Overview
🔎 Broker | 🥇 Pepperstone |
📍 Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
📌AFSL No | 414530 |
📌FCA no | 684312 |
👍 Demo Account | ☑️ Yes |
💰 Minimum Deposit | $0 USD |
📎 Bonus | No |
☪️ Islamic account | ✅ Yes |
📊 Institutional Accounts | ☑️ Yes |
📊 Managed Accounts | ✅ Yes |
📈 Maximum Leverage | 1:200 |
⚙️Products Offered | Stock, Indices, Commodities, Shares, Cryptocurrencies |
👨💼Account Types | Razor account Standard account Demo account Islamic account |
🖥️Trading Platforms | TradingView MetaTrader 4 MetaTrader 5 cTrader Capitalise.ai |
💳 Deposit and Withdrawal Options | Visa Mastercard Bank transfer MPESA PayPal Bpay Neteller POLi Skrill China UnionPay |
☎️Customer Support | 24/7 multilingual support |
📍Focus | Razor-sharp spreads, deep liquidity, caters to various experience levels |
📌Important Note | CFDs are complex instruments and carry the risk of losing more than your initial deposit due to leverage. It's crucial to understand the risks involved before trading CFDs. |
🚀 Open an Account | 👉 Open Account |
Pepperstone Pros and Cons
✅ Pros | ❌ Cons |
Fast Account Opening | Mostly CFDs Offered |
Excellent Customer Support | Basic MetaTrader Platform |
Negative Balance Protection | No Managed Accounts |
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
HFM
HFM is an award-winning forex and commodities broker that provides trading services and facilities to both retail and institutional clients. HFM offers access to multiple account types, trading software, and tools. HFM is regulated in numerous jurisdictions including South Africa (FSCA), the United Kingdom (FCA), and Seychelles (FSA). At HF Markets you manage multiple PAMM sub-accounts based on your needs.
HFM Overview
🔎 Broker | 🥇 HFM |
💰 Min. Deposit | $0 USD |
📝 Regulators | FSCA, CySEC, FCA, DFSA, FSA, CMA |
₿ Crypto | Yes |
📌 Total Pairs | 50+ |
☪️ Islamic Account | Yes |
💳 Trading Fees | 0 |
🚀 Open an Account | 👉 Click Here |
HFM Pros and Cons
✅ Pros | ❌ Cons |
FSCA Regulated | US clients not accepted |
Fast and easy account opening | High bank withdrawal fees |
Low trading fees | Inactivity fee after one year |
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
FBS
FBS is an international broker that provides its services to more than 23 000 000 traders in 150 countries across the globe. FBS makes multiple account options available partnered with 24/7 qualified customer support. The FBS PAMM account provides atop-quality range of research and market resources.
FBS Overview
🔎 Broker | 🥇 FBS |
💰 Bonus | ☑️ Yes |
📌 Regulation | IFCS |
☪️ Islamic account | ☑️ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:3000 |
💰 Minimum Deposit | $1 USD |
🚀 Open an Account | 👉 Click Here |
FBS Pros and Cons
✅ Pros | ❌ Cons |
Low Deposit for account opening | Higher than normal spreads |
Super-fast trade execution | Fees on both deposits and withdrawals |
Free demo account | |
Highly responsive customer service |
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
eToro
Overall, eToro can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 5000+ trading instruments and is fully regulated by multiple tier-1 regulators (the highest trust score in the industry). A eToro PAMM account allows traders to manage an unlimited number of sub-accounts.
eToro Overview
🔎 Broker | 🥇 eToro |
📌 Regulation | FCA, ASIC, CySEC |
☪️ Islamic account | ☑️ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | ☑️ Yes |
📈 Maximum Leverage | 20:1 |
💰 Minimum Deposit | $50 USD |
🚀 Open an Account | 👉Click Here |
eToro Pros and Cons
✅ Pros | ❌ Cons |
Used by 6,000,000+ traders | Doesn’t allow scalping |
Established in 2006 | Inactivity Fee |
Regulated by Financial Conduct Authority, CySEC, ASIC | Limited range of instruments |
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Oanda
Oanda is an award-winning broker with over 25 years of experience in the financial markets. Oanda offers access to a wide range of global CFD instruments, including indices, forex, cryptocurrencies, shares, commodities, and metals. A Oanda PAMM account allows traders to manage an unlimited number of sub-accounts.
Oanda Overview
🔎 Broker | 🥇 Oanda |
📈 Tier-1 Licenses | 6 |
🥇Publicly Traded | No |
🔥 Trust Score | 89% |
📈 Broker Type | Market Maker |
🏆 Awards | ☑️ Yes |
🚀 Bonus, Promotions & Incentives | No |
📊 CFD Stock Index | 16 |
📊 Commodity CFDs | 31 |
📊 Bond CFDs | 6 |
💠 Metatrader 4 (MT4) | ✅ Yes |
💠 Metatrader 5 (MT5) | ☑️ Yes |
☪️Islamic Account | No |
💳 Demo Account | ✅ Yes |
💰 Minimum deposit | $0 USD |
Open an Account | 👉 Click Here |
Oanda Pros and Cons
✅ Pros | ❌ Cons |
Regulated in multiple major jurisdictions (US, UK, Japan, etc.) | Fewer account types compared to some brokers |
Competitive spreads, especially for major pairs | Lacks deposit bonuses or promotions common with other brokers |
Offers the popular MetaTrader 4 (MT4) and its proprietary platform Oanda Trade | Higher costs on some CFD products (non-Forex instruments) |
Flexible for new traders with no minimum deposit requirement | Lower leverage limits for clients in regulated regions like the US and Europe |
Extensive educational tools and market analysis | Spreads can widen during volatile market conditions |
API access for developers and algo traders | Smaller selection of tradable instruments (e.g., limited exotic pairs) |
Fast order execution with no dealing desk | Charges fees for certain withdrawal methods (especially for non-bank transfers) |
One of the few brokers offering Forex trading in the US | Fewer cryptocurrency pairs available compared to other brokers |
No hidden fees; spreads and costs are clear | Doesn't offer a built-in social or copy trading platform |
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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: AvaTrade Review
You might also like: RoboForex Review
You might also like: FXPro Review
You might also like: IC Markets Review
You might also like: FP Markets Review
Frequently Asked Questions
Who is the most popular PAMM Account Forex Broker choice?
According to research, AvaTrade is the most popular PAMM Account Forex Broker choice amongst investors.
Why should I Invest in PAMM Accounts?
PAMM Accounts are one of the safest ways to invest in the Forex market.
PAMM Account or Trade Copying – which is best?
These investment methods are fundamentally different and the final choice will depend on the traders’ choice.
Is it advisable to split funds between several PAMM accounts?
Yes. Splitting funds between several PAMM accounts is the main method of diversification of financial risks.
What is the difference between PAMM Account Forex Broker?
Terms and Conditions are the main difference between PAMM Account Forex Brokers.
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