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
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
PAMM Account – A Definition
Traders who handle PAMM (Percentage Allocation Management Module) account funds operate as Account Managers while managing financial portfolios that belong to several investors through their PAMM accounts.
The manager uses the investors’ funds to perform trading and then divides account returns between investors according to their deposit amounts.
Best Forex Brokers with PAMM Accounts – A Comparison
| 🔎 Broker | 🚀 Open an Account | ⚙️ PAMM Account | 💰 Min. Deposit | 📈 Leverage |
| 🥇 AvaTrade | 👉 Open Account | ✅ Yes | $100 USD / R1816 ZAR | 1:400 |
| 🥈 Alpari | 👉 Open Account | ☑️ Yes | $100 USD / R1816 ZAR | 1:50 |
| 🥉 FxPro | 👉 Open Account | ✅ Yes | $100 USD / R1816 ZAR | 1:500 |
| 🏅 IC Markets | 👉 Open Account | ☑️ Yes | $200 USD / R 3668 ZAR | 1:500 |
| 📌 FP Markets | 👉 Open Account | ✅ Yes | $100 USD / R1816 ZAR | 1:500 |
| 📍 Pepperstone | 👉 Open Account | ☑️ Yes | $0 USD / R 0 ZAR | 500:1 |
| 📌 HFM | 👉 Open Account | ✅ Yes | $0 USD / R 0 ZAR | 1:1000 |
| 📍 FBS | 👉 Open Account | ☑️ Yes | $5 USD / R 91 ZAR | 1:3000 |
| 📌 Tickmill | 👉 Open Account | ✅ Yes | $100 USD / R1816 ZAR | 1:30 |
| 📍 FXOpen | 👉 Open Account | ☑️ Yes | $0 USD | 1:200 |
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.
- ☑️Tickmill – High Forex Trust Score.
- ☑️FXOpen – PAMM Account with Strict Regulation.
1. AvaTrade
AvaTrade is a well-regulated forex service provider that offers access to 1250+ instruments to trade including forex, cryptocurrencies, stocks, commodities, and indices.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
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.
Featured
| 🔎 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 | 👉 Open Account |
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 |
Our Findings
AvaTrade offers a PAMM account option that allows investors to allocate funds to professional traders while maintaining full control over their investments.
2. 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.
3. FxPro
FxPro offers Contracts for Difference (CFDs) on 6 asset classes in 170 countries across the globe.
Min Deposit
USD 100
Regulators
FCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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.
Featured
| Company Information | |
| Company Name | FxPro |
| 🏢 Company Information | FxPro Group Limited |
| 📅 Year Founded | 2006 |
| 👩💼👨💼 Current CEO | Charalambos Psimolophitis |
| 👩💼👨💼 Founder/s | Denis Sukhotin |
| 👥 Amount of staff | Over 200 employees |
| 👨💻 Amount of active traders | Over 1.8 million |
| 📈 Publicly Traded (Listed Company) | No |
| 🇬🇧 Regulation and Security | Strong regulatory oversight |
| 🇬🇧 Regulation | FCA, CySEC, FSCA |
| 🇬🇧 Country of regulation | UK, Cyprus, South Africa |
| 💼 Account Segregation | Yes, funds are segregated |
| 🚫 Negative balance protection | Yes |
| 🔐 Two-step Authentication | Available |
| 🛡️ Investor Protection Schemes | Yes, under regulatory authorities |
| 📋 Account Types and Features | Standard, MT4, MT5, and cTrader accounts |
| 🏦 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 💱 Minor account currencies | USD, EUR, GBP, ZAR |
| 💰 Minimum Deposit | $100 / 1700 ZAR |
| 📊 Trading Conditions | Competitive spreads, fast execution |
| ⏳ Average deposit/withdrawal processing time | 1-2 business days |
| 💵 Fund Withdrawal Fee | No fees on most methods |
| 📉 Spreads from | 0.0 pips |
| 💸 Commissions | On cTrader accounts (from $4.5) |
| 🌍 Number of base currencies supported | 7 |
| 📈 Swap Fees | Yes, applicable on overnight trades |
| 📈 Leverage | Up to 1:500 |
| 📊 Margin requirements | 2% |
| 🌙 Islamic account (swap-free) | Yes |
| 🎓 Demo Account | Yes, unlimited |
| ⏱️ Order Execution Time | < 11ms |
| ☁️ VPS Hosting | Available for high-frequency traders |
| 🌍 Global Offices | UK, Cyprus, Bahamas, Dubai |
| 👆 One-Click Trading | Yes |
| 🤖 Expert Advisors | Supported on MT4/MT5 |
| 📊 Trading Instruments | Forex, Stocks, Indices, Metals, Energy |
| 📊 CFDs-Total Offered | Over 2000 instruments |
| 📈 CFD Stock Indices | Yes, major global indices |
| 🛢️ CFD Commodities | Yes, energy and metals |
| 📉 CFD Shares | Yes, large selection |
| 👀 Watch list | Customizable |
| 🔔 Trade Alerts | Yes |
| 📈 Trading Stocks with GP | Yes |
| 📊 Trading Indices with GP | Yes |
| 🛠️ Swap on trading board | Yes |
| 💳 Deposits and Withdrawals | Credit/Debit cards, Bank Wire, PayPal, Skrill, Neteller |
| 💳 Deposit Options | Multiple methods supported |
| 💸 Withdrawal Options | Same as deposit methods |
| 🎁 Welcome Bonus | No |
| 💻 Trading Platforms and Tools | MT4, MT5, cTrader, FxPro Edge |
| 🚦 Stop-loss Instrument | Yes |
| 🛡️ Investor Protection Schemes | Yes, under regulatory bodies |
| 🖥️ OS Compatibility | Windows, macOS, iOS, Android |
| 🔧 Forex trading tools | Yes, extensive |
| 💬 Customer Support | 24/5 support available |
| 💬 Live chat availability | Yes, 24/5 |
| 📧 Customer Support Email address | support@fxpro.com |
| 📞 Customer Support Contact Number | +44 (0) 203 151 5550 |
| 🌐 Languages supported on FxPro Website | 18 languages |
| 📚 Educational Resources and Support | Webinars, articles, video tutorials |
| 👍 Beginners Trader friendly UX | Yes |
| 📚 Forex course | Yes, basic to advanced |
| 🖥️ Webinars | Yes |
| 📖 Educational Resources | Yes, rich library |
| 🤝 Partnerships and Programs | Yes |
| 🤝 Affiliate program? | Yes |
| 🤝 Amount of partners | 10,000+ |
| 📈 IB Program | Yes |
| ⚽ Do they sponsor any notable events or teams? | Yes, McLaren F1 team |
| 💰 Rebate program | Yes, for IBs |
| 🗨️ Community Forum | No |
| 📱 Social Media Platforms | Facebook, Twitter, Instagram, YouTube, |
| 🌐 Official Website address | FxPro |
| 📘 Official Facebook Page | FxPro |
| 🐦 Official Twitter Page | FxPro |
| 📺 Official YouTube Channel | FxPro |
| 🔗 Official Linkedin Page | FxPro |
| 📸 Official Instagram Page | FxProGlobal |
| 🇿🇦 Regulatory Status in South Africa | FSCA regulated |
| 🇿🇦 Accept South Africa Traders? | Yes |
| 🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)? | Yes |
| 🤝 Does FxPro offer an Affiliate Program for South African Traders? | Yes |
| 💱 Does FxPro allow accounts to be opened in ZAR / Rands? | Yes |
| 🚀 Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Segregates client funds | Not ASIC Regulated |
| Highly Regulated (FCA, SCB) | 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 |
Our Findings
FxPro is a well-established online forex broker that offers PAMM accounts to its clients.
4. 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.
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
IC Markets is well-regulated by ASIC, CySEC, FSA, and SCB. An IC Markets PAMM account allows traders to manage an unlimited number of sub-accounts.
Featured
| 🔎Broker | IC Markets |
| Company Information | |
| 📅Year Founded | 2007 |
| 👨💼 Current CEO | Andrew Budzinski |
| 🏗️ Founder/s | Andrew Budzinski |
| 🧑🏻💻Amount of staff | 852 |
| 👩💻Amount of active traders | 180,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CySEC, ASIC, SCB, FSA |
| 🌎Country of regulation | Australia, Cyprus, Seychelles |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| 🔐 Two-step Authentication | Yes |
| Account Types and Features | |
| ➕Accounts | cTrader, Raw Spread, standard |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, RMB, |
| 💰Minimum Deposit | $200 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant for deposits, 1-2 business days for withdrawals |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | $3 per lot per side |
| 💱Number of base currencies supported | 10+ |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:500 |
| 📏Margin requirements | 100 USD traded, 1 USD margin |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | over +2200 |
| 🗠CFD Stock Indices | 25+ |
| ⚖️CFD Commodities | 22+ s |
| 📜CFD Shares | 1,600+ |
| 👀 Watch list | Yes |
| 📢 Trade Alerts | No |
| 📉 Trading Stocks with GP | Yes |
| 📊 Trading Indices with GP | Yes |
| 💱 Swap on the trading board | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit Card, Debit Card, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, FasaPay, Poli |
| 💵Withdrawal Options | Credit Card, Debit Card, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, FasaPay, Poli |
| 🎁 Welcome Bonus | No |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | support@icmarkets.com (General) |
| 📞Customer Support Contact Number | Thailand: +661800011956 Indonesia: +6280332160329 Colombia: +5718005190364 Vietnam: +8412032513 |
| 👾Social media Platforms | Facebook, Twitter, |
| 🗣️Languages supported on Website | 15 + |
| Educational Resources and Support | |
| 🎓 Beginners Trader friendly UX | Yes |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, articles, videos, and tutorials |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 2 500+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2025 |
| 🪙Rebate program | Yes |
| 💬 Community Forum | No |
| South African Trader Specific Information | |
| 🌐 Official Website address | www.icmarkets.com |
| 👍 Official Facebook Page | Yes |
| 🐦 Official Twitter Page | Yes |
| ▶️ Official Youtube Channel | Yes |
| 🏢 Official Linkedin Page | Yes |
| 📸 Official Instagram Page | Yes |
| 🌍 South African Specific Information | |
| Does IC Markets Accept South African Traders? | Yes |
| Is IC Markets regulated by the South African regulatory body (FSCA)? | No |
| Does IC Markets offer an Affiliate Program for South African Traders? | Yes |
| Does IC Markets allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Forex Fees | Limited Product Selection |
| Easy Account Opening | Slow Chat Response |
Our Findings
IC Markets is regulated by the FSCA in South Africa, providing a secure trading environment for local investors.
5. 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.
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
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
FP Markets makes a number of managed forex accounts available, including a PAMM account.
Featured
| 🔎Broker | FP Markets |
| Company Information | |
| 📅Year Founded | 2005 |
| 🧑🏻💻Amount of staff | 274 |
| 👩💻Amount of active traders | Over 200,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🌎Country of regulation | Australia, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw ECN, and VIP accounts available |
| 💳Institutional Accounts | Yes, tailored solutions for institutional clients |
| 👨💼Managed Accounts | Yes, offered through third-party managed account services |
| 📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
| 💰Minimum Deposit | $100 / R1806 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
| 🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
| 📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
| 💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
| 💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
| 🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
| 📈Leverage | Up to 1:500 depending on the account type and instrument |
| 📏Margin requirements | typically 0.2% - 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
| 🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
| ⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
| 📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
| 💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
| 👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes, available 24/7 |
| 📱Customer Support email address | support@fpmarkets.com |
| 📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 100,000 affiliates |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does FP Markets Accept South African Traders? | Yes |
| Is FP Markets regulated by the South African regulatory body (FSCA)? | Yes |
| Does FP Markets offer an Affiliate Program for South African Traders? | Yes |
| Does FP Markets allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | 👉Open Account |
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 |
Our Findings
Its PAMM and copy trading services allow investors to follow experienced traders, making it a solid choice for both beginners and professionals seeking managed account solutions.
6. Pepperstone
Pepperstone has grown to become one of the largest forex brokers in the world.
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
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.
Featured
| 🔎 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 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fast Account Opening | Mostly CFDs Offered |
| Excellent Customer Support | Basic MetaTrader Platform |
| Negative Balance Protection | No Managed Accounts |
Our Findings
Pepperstone is a well-regarded Forex and CFD broker known for its competitive pricing, fast execution speeds, and strong regulatory framework.
7. 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.
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
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.
Featured
| Company Information | |
| 📅Year Founded | 2010 |
| 🧑🏻💻Amount of staff | 500+ |
| 👩💻Amount of active traders | 300,500 000 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSCA, CySEC, FCA, DFSA, FSA, CMA |
| 🌎Country of regulation | UK, South Africa, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | Free up to a certain amount |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | No |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | 1:30 |
| 📏Margin requirements | 0.50% |
| ☪️Islamic account (swap-free) | Yes, available upon request |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 500+ |
| 🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
| ⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
| 📜CFD Shares | Yes, HFM allows trading CFDs on a selection of popular company shares, such as Amazon and Meta. However, the total number of individual stock CFDs may be limited compared to specialized stock brokers. |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
| 💵Withdrawal Options | Must be sent via the same payment method used for deposit |
| Trading Platforms and Tools | |
| 💻Trading Platforms | HFM Platform, MT4 |
| 👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support.za@hfm.com |
| 📞Customer Support Contact Number | +27-104 439 924 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 27 languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
| 👨🏫Amount of partners | 41 000 |
| 📋IB Program | Yes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients. |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does HFM Accept South African Traders? | Yes, HFM accepts South African traders. |
| Is HFM regulated by the South African regulatory body (FSCA)? | Yes, HFM is regulated by the South African regulatory body, the Financial Sector Conduct Authority (FSCA). |
| Does HFM offer an Affiliate Program for South African Traders? | Yes, HFM offers an Affiliate Program that is likely available to South African traders. |
| Does HFM allow opening trading accounts in ZAR (South African Rand)? | Yes, HFM allows opening trading accounts in ZAR (South African Rand). |
| 👉Open Account | Open Account |
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 |
Our Findings
HFM stands out as a reliable choice for both beginners and experienced traders looking for a user-friendly platform.
8. FBS
FBS is an international broker that provides its services to more than 23,000,000 traders in 150 countries across the globe.
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
FBS makes multiple account options available partnered with 24/7 qualified customer support.
The FBS PAMM account provides a top-quality range of research and market resources.
Featured
| 🔎Broker | FBS |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | 150+ |
| 👩💻Amount of active traders | 16 million+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSC, ASIC, CySEC |
| 🌎Country of regulation | Belize, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (for EU clients) |
| Account Types and Features | |
| ➕Accounts | cTrader, Raw Spread, standard |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | Yes (PAMM) |
| 📇Minor account currencies | USD, EUR, GBP, THB |
| 💰Minimum Deposit | $5 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 15 minutes to 24 hours |
| 🪙Fund Withdrawal Fee | Varies based on payment method |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | From $6 per lot (ECN Account) |
| 💱Number of base currencies supported | 6 |
| 🚀Swap Fees | Applicable (except Islamic accounts) |
| 📈Leverage | Up to 1:3000 |
| 📏Margin requirements | Varies based on asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.2 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 200+ |
| 🗠CFD Stock Indices | 5 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FBS Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Economic calendar, market analysis, VPS, calculators |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@fbs.com |
| 📞Customer Support Contact Number | +357 25 313540 |
| 👾Social media Platforms | Facebook, Instagram, Twitter, YouTube |
| 🗣️Languages supported on Website | 18+ Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, videos, tutorials, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 18,000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2025 |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
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 |
Our Findings
FBS is a popular Forex broker that stands out for its beginner-friendly approach and low entry requirements, allowing traders to start with as little as $5.
9. Tickmill
Tickmill provides investors with PAMM account solutions to generate passive income through investment with experienced traders.
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The South African Financial Sector Conduct Authority regulates Tickmill which operates through low spreads with fast execution while maintaining a safe and transparent trading system.
Featured
| Company Information | |
| 📅Year Founded | 2014 |
| 🧑🏻💻Amount of staff | 441 |
| 👩💻Amount of active traders | Over 400 000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| 🌎Country of regulation | Seychelles, UK, Cyprus, Malaysia, South Africa |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Plus account and Raw account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, ZAR |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | 4 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes, for an additional fee |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 725 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| 💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support@tickmill.com |
| 📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 17 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 9000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does Tickmill Accept South African Traders? | Yes |
| Is Tickmill regulated by the South African regulatory body (FSCA)? | Yes |
| Does Tickmill offer an Affiliate Program for South African Traders? | Yes |
| Does Tickmill allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Low spreads | Limited asset selection |
| Multi-jurisdiction regulation | No cryptocurrencies |
| Excellent Education | No US clients |
Our Findings
Tickmill is a strong option for both investors and money managers.
10. FXOpen
Through PAMM account services FXOpen lets investors who want to trade with experienced traders maintain full transparency and trading flexibility.
Min Deposit
USD 1
Regulators
ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
4
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Users can access different PAMM account types through the platform which includes ECN STP and Crypto because they support different trading approaches.
Fast execution exists alongside competitive spreads along with regulatory oversight provided by the FSCA in South Africa and other reputable authorities.
Featured
| 🔎 Broker | 🥇 FXOpen |
| Company Information | |
| 📅Year Founded | 2005 |
| 🧑🏻💻Amount of staff | Approximately 150 |
| 👩💻Amount of active traders | Over 1 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA (UK), ASIC (Australia), and others |
| 🌎Country of regulation | United Kingdom, Australia, and others |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, ECN, STP, and Micro accounts |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, JPY, AUD, and others |
| 💰Minimum Deposit | $1 (Micro account); varies by account type |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Same day to a few business days depending on method |
| 🪙Fund Withdrawal Fee | Generally free; varies by method |
| 📊Spreads from | From 0.0 pips (ECN accounts) |
| 💸Commissions | Varies by account type; typically $0 to $3 per lot |
| 💱Number of base currencies supported | Over 50 |
| 🚀Swap Fees | Varies depending on account type and market conditions |
| 📈Leverage | Up to 1:500 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically under 1 second |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1000 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank transfer, credit/debit cards, e-wallets, cryptocurrencies |
| 💵Withdrawal Options | Bank transfer, credit/debit cards, e-wallets, cryptocurrencies |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), and FXOpen’s proprietary platforms |
| 👩💻OS Compatibility | Windows, MacOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@fxopen.com |
| 📞Customer Support Contact Number | tel:+6498010123 |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn |
| 🗣️Languages supported on Website | English, Russian, Arabic, Chinese, and others |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 27 000+ |
| 📋IB Program | Yes |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Tight spreads | High non-trading fees |
| Competitive commissions | Low leverage levels |
| Good variety of crypto assets | A limited selection of education |
| True ECN trading environment provided |
Our Findings
FXOpen is a reliable choice for PAMM investors. However, as with any managed account service, investors should conduct thorough due diligence on fund managers to mitigate risks.
Conclusion
South African investors need to evaluate several criteria including regulatory standards, trading conditions fund manager quality, and risk management instruments to select their best PAMM Forex broker.
Forex investors in South Africa can access PAMM service through competitive platforms at AvaTrade and FXOpen which provide transparent profit-sharing arrangements along with secure systems.
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 a PAMM Account and a Forex Broker?
Terms and Conditions are the main difference between PAMM Account Forex Brokers.
Top 4 Brokers
