With the growth of the Forex market, many traders prefer passive income options, one of which is investing in PAMM accounts. IC Markets is rightfully ranked among the Top 5 Forex brokers in 2023, offering the best terms for investments in PAMM accounts.
Traders Union has compiled a rating of the best Forex brokers offering PAMM trading. PAMM Forex brokers are companies that allow traders to invest in other traders in addition to direct trading. RoboForex, IC Markets, FxPro, Pepperstone, and Pocket Options are among the top five.
The systems used by PAMM Forex brokers in 2023 are vastly different from those used 5-10 years ago. At that time, the systems were known as LAMM accounts (Lot Allocation Management Module). The difference is that in the LAMM system, the manager's order is simply duplicated for each investor, and this system is only recommended when all participants' accounts have roughly the same amount of funds.
The IC Markets PAMM account is simple to operate and provides real-time reporting. Furthermore, IC Markets offers narrow spreads ranging from 0.0 to 0.6 and fees ranging from $0 to $3.5 on a standard account.
