Best PAMM Forex Account Brokers
|Rank||Broker Name||Trust Score||Reviews|
|1||XM||99 / 100||XM Reviews|
|2||Plus500||89 / 100||Plus500 Reviews|
|3||Xtrade||94 / 100||Xtrade Reviews|
|4||FXGlobe||88 / 100||FXGlobe Reviews|
|5||InstaForex||80 / 100||InstaForex Reviews|
The above table contains the top ranked forex brokers in our database for opening a PAMM account.
What is PAMM Forex Account?
PAMM stands for Percentage Allocation Management Module and it is a feature which allows clients to invest funds into a 3rd party account, which is typically managed by a professional trader.
In principle it's very similar to investing your money into a managed fund - the money from all people investing is pooled together and the fund manager attempts to grow the money. You are allocated a percentage based on the amount you put into the pool.
Traditionally, they are invested in shares, cash, bonds, property portfolios, etc. This is the forex version of a similar concept.
For more information on PAMM accounts, click here.