Best PAMM brokers in Australia in 2024

Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.

FXOpen is a reliable broker with years of experience in financial markets, and adjusting trading conditions for its clients based on the regulatory requirements of their jurisdiction.

7.32

Your capital is at risk.

Vantage Markets is a broker that is a real catch for traders who prefer ECN trading.

8.29

Your capital is at risk.
Please note that your capital is at risk.

Pepperstone is particularly suitable for novice market participants as well as more seasoned trading professionals. In general, the Pepperstone platform offers everything novice traders need for comfortable trading such as favorable conditions, reliability, a wide selection of trading options, along with an assortment of first rate educational materials.

8.5

Your capital is at risk.

FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.

8.4

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.

Best PAMM brokers in Australia in 2024

	FXOpen	Vantage Markets	Pepperstone	FxPro	IC Markets
Trading platform	MT4, MT5, TickTrader, TradingView	Vantage Markets app, МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader, ProTrader	cTrader, TradingView, MetaTrader 4 and MetaTrader 5	MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge	MetaTrader 4, MetaTrader 5, TradingView and cTrader
Min deposit	$300	$50	$1	$100	$200
Leverage	From 1:1 to 1:500	From 1:1 to 1:500	From 1:1 to 1:400	From 1:1 to 1:500	From 1:1 to 1:500
Trust management	No	No	No	No	No
Accrual of % on the balance	0.00%	0.00%	0.00%	0.00%	0.00%
Spread	From 0.9 points	From 0.0 points	From 0.0 points	From 0.0 points	From 0.0 points
Level of margin call / stop out	20% / 100%	100% / 50%	90% / 20%	25% / 20%	100% / 50%
Execution of orders	Market Execution	Market Execution	Instant Execution	Market Execution	Market Execution
No deposit bonus	No	No	No	No	No
Cent accounts	Yes	No	No	No	No

A PAMM account provides passive income for traders regardless of their experience. The income is ensured by a professional manager. Only one person can manage the account, while an unlimited number of investors can invest in such an account. The manager can invest in any assets, for example Forex, cryptocurrencies, etc.

It is important to know that the manager does not interact with the investor money directly and does not have access to it. He opens a position with his own funds, while the money of the clients is added by the system. The manager is not restricted in his choice of the trading strategy. The profit is distributed proportionally to the investments. Each PAMM account has a profitability rate, which investors are guided by when starting to work.

1
Best PAMM broker in Australia - FXOpen

FXOpen has been providing brokerage services since 2005 while offering clients STP and True ECN execution models, liquidity from reputable providers, an enviable variety of accounts, and trading instruments. The broker has global offices regulated by the financial supervisory commissions FCA (United Kingdom), CySEC (Cyprus), and ASIC (Australia). FXOpen provides access to trading with over 600 instruments (Forex and CFDs) with leverage up to 1:1000 on the MT4, MT5, and TickTrader platforms. The company serves over 1 million traders, but FXOpen does not have a presence in the U.S.

👍 Advantages of trading with FXOpen for traders from Australia:

•Regulation by three reputable supervisory authorities and membership in the Financial Commission;

•Compensation of up to EUR 20,000 per client in case of the broker's bankruptcy or failure to fulfill withdrawal obligations;

•Use of STP (Straight Through Processing) and ECN (Electronic Communication Network) technologies that eliminate dealing center involvement;

•The opportunity for residents of many countries to start trading on STP accounts with $10 and on Micro accounts with $1;

•Trading with leverage up to 1:500 on MT4 and MT5 accounts, up to 1:1000 on TickTrader;

•Protection against negative balance for every retail trader.

👎 Disadvantages of FXOpen for traders from Australia:

•High minimum deposit for traders from the United Kingdom and EU countries, starting from $300 or equivalent;

•Limited range of educational content for beginners;

•Micro cent accounts are not available in all countries.

FXOpen Commissions & Fees for traders from Australia

It is important to know the commissions and fees brokers charge if you plan to invest not only in PAMM accounts, but also to trade.The number of the managers offering their services on the platform directly depends on the level of the broker’s fees.

FXOpen Commissions and Fees in Australia

Account type	Spread (minimum value)	Withdrawal commision
STP	From $9	Depends on the payment system and the trader's country
ECN	From $0	Depends on the payment system and the trader's country
Crypto	From $10	Depends on the payment system and the trader's country
Micro	From $0	Depends on the payment system and the trader's country

Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.

2
Best PAMM broker in Australia - Vantage Markets

Vantage Markets is a multi-asset broker offering a vast array of 1,000+ trading instruments, including currency pairs, CFDs on stocks, indices, commodities, energy, and ETFs. Holding licenses from reputable regulators like the FCA and ASIC, Vantage Markets ensures a level of security and trust for its clients.
The broker provides a choice between spread-based and commission-based account types, with leverage up to 1:500 on Forex pairs. Its PRO ECN option particularly stands out with commission starting from $1.5 per lot, making it attractive for high-volume traders.
Alongside the popular MetaTrader 4/5 platforms, the broker offers proprietary trading platform ProTrader and a convenient Vantage App. Additionally, Vantage Markets integrates with TradingView, enabling direct trading from the popular charting platform.

👍 Advantages of trading with Vantage Markets for traders from Australia:

•A vast array of trading instruments like 1000+ currency pairs and contracts for difference (CFDs).

•The broker has licenses from four reputable regulators.

•Classic trading terminals and a proprietary mobile application.

•An extensive array of trading signals to choose from for traders, regardless of the type of trading account.

👎 Disadvantages of Vantage Markets for traders from Australia:

•Customers from most countries are forced to cooperate with a branch that has an offshore license.

•Limited training and a lack of information on Forex trading.

•Snail-paced withdrawal of funds with the requirement to comply with special conditions.

Vantage Markets Commissions & Fees for traders from Australia

Vantage Markets Commissions and Fees in Australia

Account type	Spread (minimum value)	Withdrawal commision
Standard STP	From $0	No
RAW ECN	From $3	No
Pro ECN	From $1.5	No
Swap Free	From $0	No

Your capital is at risk.

3
Best PAMM broker in Australia - Pepperstone

Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. The founders therefore focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help traders not only master the fine art of trading, but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven regulatory authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA (128), SCB (SIA-F217), and CySec (388/20). Moreover, with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking institutions. These facts confirm the reliability of the company and guarantee the safety of the client's capital.

👍 Advantages of trading with Pepperstone for traders from Australia:

•Attractive trading conditions;

•Fast order execution - 30 ms on average;

•1,200+ trading instruments;

•Low fees; and

•No inactivity fee.

👎 Disadvantages of Pepperstone for traders from Australia:

•Support service works only 24/5;

•No cent account;

•Not available to US clients;

•Limited passive trading opportunities;

•Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;

•No news section; and

•Demo accounts can only trade for free for one month only.

Pepperstone Commissions & Fees for traders from Australia

Pepperstone Commissions and Fees in Australia

Account type	Spread (minimum value)	Withdrawal commision
Razor	From $0	No
Standard	From $1	No

Your capital is at risk.
Please note that your capital is at risk.

4
Best PAMM broker in Australia - FxPro

FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.

👍 Advantages of trading with FxPro for traders from Australia:

•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;

•insurance of client funds at the expense of the broker participation in an investor compensation fund;

•beginner traders will be able to access tested advisors;

•a full package of services is available to the client regardless of the balance of his account;

•VIP account holders are offered a personal manager and get a Free VPS;

•company capital exceeds 100 million euros;

•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;

•the reliable trading environment provided by the competent educational and research department.

👎 Disadvantages of FxPro for traders from Australia:

•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;

•difficulties registering in an affiliate program.

FxPro Commissions & Fees for traders from Australia

FxPro Commissions and Fees in Australia

Account type	Spread (minimum value)	Withdrawal commision
FxPro MT4 Instant	From $10	0
FxPro MT4 Fixed	From $5	0
FxPro MT5	From $5	0
FxPro cTrader	From $3	0
FxPro Platform	From $1	0

Your capital is at risk.

5
Best PAMM broker in Australia - IC Markets

IC Markets stands out as a highly reputable broker offering trading with 2,250+ instruments across Forex, stocks, commodities, cryptocurrencies, and more.
The broker provides ultra-fast execution with order speeds up to 40 milliseconds facilitated by its top-tier liquidity partners and processes over $29 billion in Forex trades daily. With a strong focus on active traders, it offers ECN accounts with raw spreads from 0 pips and leverage up to 1:500 (based on which regulator's rules apply to a trader's account). Copy trading is also well-supported through integration with ZuluTrade, cTrader Copy, and other platforms.
IC Markets clients benefit from robust security and regulatory licenses from ASIC, CySEC, and others.

👍 Advantages of trading with IC Markets for traders from Australia:

•Availability of three licenses;

•Wide range of assets;

•Standard and ECN account types for trading on different platforms;

•Mobile apps for Android and iOS-based devices;

•Scalping, hedging, and algorithmic trading are allowed;

•Minimum delay when executing orders and ultra-fast market execution;

•Competitive trading fees;

•Wide choice of social trading and copy trading platforms;

•24/7 support via live chat;

•Demo accounts on MT4, MT5, and cTrader;

•Swap-free accounts are available for Muslim traders.

👎 Disadvantages of IC Markets for traders from Australia:

•Education materials available on the website are not very informative or diverse;

•Rebates are available outside Australia and the European Economic Area;

•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.

IC Markets Commissions & Fees for traders from Australia

IC Markets Commissions and Fees in Australia

Account type	Spread (minimum value)	Withdrawal commision
Standard	$6	Bank fees apply
Raw spread MT4/MT5	$0	Bank fees apply
Raw spread cTrader	$0	Bank fees apply
Islamic	$0	Bank fees apply

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.