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PAMM Trading Services in the trading world is a blessing for anyone who wants to invest but has little knowledge of trading. Investors can benefit from variations in the foreign exchange markets without having to trade themselves. The investments are made in the accounts of professional traders in exchange for a percentage of the profits investors earn from trading. The traders can manage multiple accounts on a PAMM Account broker’s platform.
Traders who want to make passive income in the Forex market should opt for a PAMM account as a means of investment. We have listed a few top brokers in this article and a few factors that will help you explore the right provider for a PAMM trading platform. It is a simple way of trading compared to others, with each investor assigning the amount of profits or losses related to their investment.
There are 3 parties involved in PAMM trading, i.e., A forex broker, an investor and a trader. Investors have a choice of where they want to allocate their money. They must consider factors such as performance history and the commissions charged. The manager is a broker-client who invests their money in the PAMM account.
Top 5 PAMM Account Brokers
InstaForex – Biggest Forex bonuses
(up to 100% per deposit)
InstaForex has an account currency of FSC – USD, EUR, RUB. CySEC – EUR, USD, PLN, CZK, GBP (GBP -only for accounts on МТ5) and a minimum deposit of FSC – $1. CySEC – €200/€1. The instruments utilised include FSC – currency pairs, stocks, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures. CySEC – currency pairs, commodities, stocks, indices, cryptocurrencies, synthetic stocks, ETFs, and stocks at IPO.
4XC – Top low commissions account
(spread from 0.1 pips, leverage up to 1:500)
Traders using 4XC will have USD, EUR, GBP, and BRL account currency, and the deposit will be as low as $50. 4XC has instruments that include Forex, Metals, Oil, Index CFDs, Stock, Crypto, and Forward Contracts. It has a trading platform that includes MT5, MT4, and WebTrader.
XBTFX – Top choice for investors
(Copy trading/ PAMM and MAM accounts).
XBTFX has account currencies such as USD, BTC, ETH, USDT, DAI, and XRP. This is considered the top choice for investors who want to create an account in a PAMM trading portal. They have a deposit as minimum as $10, and instruments include CFDs on currency pairs, cryptocurrencies, stocks, indices, commodities, and precious metals. Trading platforms include cTrader, MetaTrader4, MetaTrader5.
Pepperstone – Best for scalping strategies
(spread from 0 pips)
Considered the best for scalping trading, the currency for Pepperstone includes AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD. With a minimum deposit of as low as $1, pepperstone has instruments like CFDs on Forex, Index, Stocks, Currency Indices, Commodities, ETFs, and Crypto that can be traded. The trading platforms pepperstone uses are MT4, MobileTrading, WebTrader, cTrader, MT5, and TradingView.
AvaTrade – Best integration of passive investing platforms
(DupliTrade and ZuluTrade)
AvaTrade has the best integration of passive investment platforms. The account currencies used are AUD, JPY, GBP, USD, EUR, CHF, but they require a minimum deposit of $100. It includes instruments such as Forex pairs, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options and ETFs to trade, and the trading platforms used by them include MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrade, and AVA Option.
Benefits of PAMM Account Brokers Over Copy Trading Platforms
PAMM puts forth passive investment strategies, potential for significant profits and risk management by a professional fund manager. Copy trading platforms allow easy access, educational methods, and adaptive risk management. A few benefits include:
Automatic Payments
Investments in PAMM accounts are made automatically; profits are distributed automatically. An investor can see a manager’s offer wherever in the world.
PAMM’s Relative Transparency
Investors can see deposit curves and the fund manager’s backtest statistics. He/she can specify a character of a strategy used in a personal conversation and take his/her money back at any time.
Risk Diversification
An investor chooses as many managers as he/she wants and allocates money the way he/she wants.
