Best MAM Brokers in 2024

Who are the top picks when it comes to selecting the best MAM brokers? What are the criteria to look out for when making a selection? What is MAM all about? Who should use MAM?

If these questions in any way reflect an interest you have, then you should definitely stick to this article. It is thoughtfully designed to provide answers to the above questions and even more. Having a good understanding of how MAM works in forex trading can be very helpful for traders in the forex market. Moreso, knowing the best MAM brokers could prove to be an added advantage.

This article will guide you through, providing you with better knowledge and understanding of what MAM entails, best MAM brokers as well as features to look out for when making a selection for MAM brokers.

What is MAM in Forex Trading?

MAM is an acronym which stands for Multi-Account Manager. It is a kind of forex investment account that enables a professional forex trader to execute trades on behalf of multiple clients’ accounts, using a master account. The master account is controlled by a single trader (the master trader), and is usually linked to various accounts that are owned and managed by different investors. 

In this arrangement, the various investors pull their funds together, and the manager uses the funds to execute trades using his master account. While this is done, the trades are automatically replicated in the sub accounts of the various investors, based on the percentage allocated to each investor.

Let’s now look at some of the best MAM brokers in 2024.

Best MAM Brokers 

Some of the best  MAM brokers include the following:

• AvaTrade
• FP Markets 
• Blackbull Markets
• IC Markets
• Eightcap
• Pepperstone

AvaTrade

This is a leading forex broker, widely known for its wide range of trading instruments and powerful trading platform. AvaTrade offers one of the best MAM platforms that integrates smoothly with MT4. This platform makes it easy for account managers to connect with potential investors, thereby facilitating MAM operations. AvaTrade operates under a strong level of regulation, making it a reliable broker and reinforcing confidence among its users. The broker supports various methods of allocations such as equity based distribution and lot based percentage. Overall, the robust MAM platform provided by AvTrade makes it an ideal MAM broker for different investors and expert traders.     

FP Markets 

This broker is quite popular among institutional traders and money managers. Most MAM traders opt for FP Market because of the low cost ECN trading it offers. It offers a highly customizable MAM solution that integrates with both the MT4 and MT5 platforms. FP Market also creates competitive trading conditions for both high frequency traders and scalpers. These  are the common trading strategies used by most MAM managers. This broker is also known for its tight spreads and fast execution speed which is particularly beneficial for MAM managers executing large volumes of trade.  

Blackbull Markets 

Known for its superior execution and comprehensive services, Blackbull Market is a top choice for traders looking for a reliable MAM broker.  Its top level execution speed, advanced MAM features and strong regulatory framework gives it place among the best MAM brokers. The broker supports the MT4 and MT5 platforms among others, and allows clients to trade with high leverage and low spreads on its ECN accounts. Blackbull markets also offer a wide range of tradable instruments which allow managers to diversify their investment strategies.

 IC Markets

Having over 180,000 clients across various countries, ICMarket is globally recognized among the best MAM brokers. It is particularly known for its wide range of trading instruments, advanced trading technology and excellent pricing. This broker is a top choice which caters to both retail and institutional clients. IC Markets offers an effective MAM solution, integrated with the cTrader, MT4 and MT5 trading platforms. And these platforms support various allocation methods, allowing managers streamline strategies to suit clients’ needs. Also, its global regulatory standing further strengthens its acclaim.  

Eightcap 

This is a multi-regulated forex broker and also rated among the best MAM brokers. The broker only accepts managers that are properly authorized to manage funds on behalf of clients. Eightcap provides infrastructures that allow portfolio managers to have low latency order execution, making sub account management flexible. All processing orders are done on a centralized server enabling MAM account managers to execute block orders from their master account with automatic allocation to sub accounts.

Pepperstone 

Pepperstone is another top rated MAM broker having over 400,000 clients globally and caters to both retail traders and institutional clients. known for its ultra tight spreads and low latency execution, the broker is ideal for professional managers handling multiple accounts. Its advanced MAM platform and strong regulatory framework, alongside its global reach gives the broker a good spot among the best MAM brokers.   

Benefits of MAM

Below are some of the benefits of MAM:

• Allows a single trader the ability to manage multiple accounts from a single interface (the master account). This enhances efficiency significantly.
• Offers clients access to experienced trading without actively engaging in the trades themselves. Trades are being executed by professionals on behalf of the clients.
• Allows for clients to see and monitor the performance of their individual accounts and how trades are being allocated. 
• This reduces the risk of fraud in the distribution mechanism given that the platform and operation is computerized and automated.  

Frequently Asked Questions 

How does MAM work?

• An experienced manager is given full control over a portion of accounts.of different clients. The manager carries out market analysis and places trades on their behalf using their invested capitals.

What are the risks of MAM?

• The risks are basically associated with the ability of the portfolio manager to deliver high performance, and yielding good returns on investors’ capital.

What is the difference between PAMM and MAM?

• The difference between both can be summarized as follows: PAMM offers investors limited control and proportional allocation based on contribution. MAM on the other hand offers investors more control and flexible allocation.