HonorFX review: broker offers PAMM management for skilled traders and investors

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Yaroslav Dmytrenko

14.11.2025

HonorFX review: broker offers PAMM management for skilled traders and investors — HonorFX offers PAMM management despite regulatory risk warnings

Broker HonorFX invites experienced traders to share their strategies and become HonorFX PAMM managers, managing the funds of an unlimited number of other investors and receiving compensation for it.

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A PAMM account (Percentage Allocation Management Module) is a tool for trust-based management of financial assets and operates by attracting multiple investors to a fund manager’s strategy.

The fund manager conducts trading using a pooled account, aiming to generate profit. Any resulting profit and loss (P&L) is distributed among participating investors proportionally to their share in the fund. The fund manager earns a portion of investors’ profits in addition to their own trading gains.

HonorFX offers experienced traders the opportunity to become PAMM managers, while beginners or less experienced traders can act as investors by choosing one or several managers on the HonorFX platform.

To participate, users must register and apply to manage a PAMM fund directly through the dashboard by proposing their own conditions, including the commission charged on investor profits.

A PAMM account is a well-established mechanism that allows traders to increase their earnings, and offers investors a simple way to receive passive income without participating in trading themselves. However, it is important to remember that investors share not only profits but also losses with the manager. Therefore, choosing a manager should be done as carefully as choosing a broker.

Broker and its alternatives

When considering a partnership with HonorFX, it is important to note that the broker operates through Honor Capital Markets, registered in Saint Vincent and the Grenadines, and holds a license in Malaysia (STP type) and Mauritius. These authorities are not Tier-1 top-level regulators.

Although HonorFX offers the popular MetaTrader 5 platform, more than 165 financial instruments, and three account types—including accounts with no minimum deposit, which can be convenient for beginners—there are concerns.

Recently, traders have submitted complaints about withdrawal issues or additional conditions applied to withdrawals, and the French regulator AMF has added HonorFX to its list of unauthorized providers.

Therefore, cooperation with HonorFX is best suited for those who have sufficient experience or at least a strong understanding of the associated risks. It is advisable to start trading with smaller amounts to test the system, or consider alternatives regulated by stricter authorities.

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