PAMM accounts are a way to earn passive income, which both beginners and professional investors can use. Traders Union have conducted a detailed analysis of the brokers offering this option. The experts compared the companies, their trading conditions for PAMM accounts and general trading conditions. The rating features the most reliable companies in Iran that offer passive income under good conditions.
The Most reliable brokers of Iran by TU include the following:
ForexTime is a progressive broker that actively uses innovative technologies to provide the best trading terms for traders, regardless of their trading experience. ForexTime fits both novice and experienced traders. The company provides its services in 150 countries and ensures full safety and security of its clients' funds because they are kept in segregated accounts.
The Alpari broker focuses on traders with all levels of experience and provides clients with reasonable conditions for both active trading and investment.
Attention! The company does not participate in the cashback program.
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
The HFM broker focuses on traders from Europe. The company offers a variety of investment options and is suitable for both novice and professional traders.
IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.
Best PAMM brokers in Iran in 2024
| FXTM | Alpari (UK) | XM Group | HFM | IC Markets | |
|---|---|---|---|---|---|
Trading platform |
MetaTrader 4, MetaTrader 5, FXTM Trader |
MetaTrader 4, MetaTrader 5 |
МТ4, МТ5 (desktop, web, and mobile versions), and XM App for smartphones and tablets |
MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading and HFM Platform |
MetaTrader 4, MetaTrader 5, TradingView and cTrader |
Min deposit |
$10 |
$1 |
$5 |
$0 |
$200 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:400 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Spread |
From 0.0 points |
From 0.2 points |
From 0.6 points |
From 0.0 points |
From 0.0 points |
Level of margin call / stop out |
50% / 80% |
50% / 10% |
100% / 50% |
50% / 20% |
100% / 50% |
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
Cent accounts |
Yes |
No |
Yes |
Yes |
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 Iran - FXTM
Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission, 185/12), South African FSCA (Financial Sector Supervision Authority, 46614), UK FCA (Financial Conduct Authority, 777911), and FSC (Mauritius Financial Supervisory Commission, C113012295). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).
Over 2 million traders worldwide cooperate with ForexTime (FXTM). The minimum deposit on the Micro account is $10, which allows novice traders to master the basics of trading and study the operational principles of the Forex market with comfort and without large investments.
👍 Advantages of trading with FXTM for traders from Iran:
•a wide range of trading accounts;
•a large number of training materials;
•the ability to use automated programs in trading.
•the minimum deposit is $10;
•the most popular trading platforms are MT4 and MT5;
•proprietary application for mobile trading is the FXTM Trader;
•the ultra-low spreads are from 0.0 pips;
•a huge choice of trading instruments is present;
•supervision of the broker’s activities is by major financial regulators in four jurisdictions;
•professional support.
👎 Disadvantages of FXTM for traders from Iran:
•for investment, only copy trading is offered;
•the broker is closed on Saturday and Sunday.
FXTM Commissions & Fees for traders from Iran
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.
FXTM Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Micro |
From $15 |
Depends on the payment system |
Advantage |
From $0,4 |
Depends on the payment system |
Advantage Plus |
From $15 |
Depends on the payment system |
2
Best PAMM broker in Iran - Alpari (UK)
The Alpari broker has been providing financial services in the international foreign exchange market since 1998. The company's services include both active Forex trading and investment offers. The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № 20389 IBC 2012, issued by the Registrar of International Business Companies. The Company is also a member of The Financial Commission, which handles the settlement of disputes worldwide between brokers and their clients. The broker has received more than 30 awards, including Forex Expo Awards (2011, 2012, 2014), International Finance Magazine Awards (2013), and FX Empire Awards (2017).
👍 Advantages of trading with Alpari (UK) for traders from Iran:
•a large number of trading accounts for traders with different levels of experience and goals;
•high-quality and efficient work by the customer support service;
•many ways to replenish the deposit and withdraw funds.
👎 Disadvantages of Alpari (UK) for traders from Iran:
•no trading on weekends;
•withdrawal of funds is carried out after occasional delays;
•commission compensation for deposits or withdrawals is available only for traders with VIP status;
•trading on the MetaTrader 5 platform is available only for traders with standard accounts, and swap-free Forex Islamic accounts work only on MetaTrader 4.
Alpari (UK) Commissions & Fees for traders from Iran
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.
Alpari (UK) Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
nano.mt4 |
From $8 |
No |
standard.mt4 |
From $8 |
No |
standard.mt5 |
From $8 |
No |
ecn.mt4 |
From $8 |
No |
pro.ecn.mt4 |
From $8 |
No |
special.ecn.mt4 |
From $8 |
No |
ecn.mt5 |
From $8 |
No |
3
Best PAMM broker in Iran - XM Group
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 5 million traders. The broker offers over 1,000 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like ASIC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.
👍 Advantages of trading with XM Group for traders from Iran:
•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
•no “markup” on narrow market spreads (broker's margins over the spread);
•over 1,000 trading instruments. Available for trading are: more than 55 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
•no commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
•around the clock support for 5 days a week in more than 30 languages.
👎 Disadvantages of XM Group for traders from Iran:
•passive investment services (social trading platform, PAMM accounts);
•expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
XM Group Commissions & Fees for traders from Iran
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.
XM Group Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
XM Ultra Low Micro |
From 6 USD |
No |
XM Ultra Low Standard |
From 6 USD |
No |
XM Zero |
From 0 USD |
4
Best PAMM broker in Iran - HFM
HFM is a broker owned by the HF Markets Group, offers a wide variety of account types, and has the widest selection of trading assets and high-quality software. HFM also has favorable trading conditions and instant execution of orders. Plus, a solid list of tools and services allow everyone to choose the best option. The broker's reliability is confirmed by the license of several regulators. The company's work experience in the financial, brokerage and other services market is over 10 years. Within that time, HFM has received 35 prestigious awards. For trading, MetaTrader 4 and MetaTrader 5 trading terminals are used.
👍 Advantages of trading with HFM for traders from Iran:
•favorable trading conditions and low spreads - from 0 pips;
•controlled by several regulators;
•no commissions for account replenishment and bank transfers.
👎 Disadvantages of HFM for traders from Iran:
•Withdrawal terms do not always correspond to those indicated;
•Few account currencies, which is why some clients have to pay for double conversion;
•The choice of electronic payment systems for replenishment/ and withdrawal is rather modest;
•Registration is quite easy, but while it is in progress, you cannot learn the conditions on other types of accounts;
•Customer support is closed on weekends.
HFM Commissions & Fees for traders from Iran
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.
HFM Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Zero spread |
From $0 |
No |
Cent |
From $12 |
No |
Premium |
From $12 |
No |
PRO |
From $5 |
No |
5
Best PAMM broker in Iran - 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 Iran:
•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 Iran:
•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 Iran
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.
IC Markets Commissions and Fees in Iran
| 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 |
How to Choose The Best PAMM Brokers?
When choosing a PAMM broker, you need to take into consideration several important aspects, including the following:
Reliability and security. A broker should hold the financial license and disclose information about the company.
Number of PAMM accounts. A high number of managers offering their services also testifies to the reliability of the broker and good trading conditions.
Profitability. Each PAMM account has a certain profitability rate. However, you need to keep in mind that high profit is accompanied by corresponding risks.
Minimum deposit. It is important for testing the PAMM account and Forex trading in general.
Deposit and withdrawal. It is important to take notice of the number of supported deposit/withdrawal options and the conditions - limits, fees, etc.
Conclusions
PAMM accounts are a way to earn passive income to beginners and experienced investors as a way to diversify investment portfolios. However, before starting to invest, you need to choose the right broker in Iran. The broker should be reliable, offer good trading conditions and offer a wide choice of account types for investors.
Before opening a PAMM account, it is important to remember that this option is not a 100% profit guarantee. There are also the risks of losing your money. Therefore, the best option for beginners is to start with a test run with a minimum deposit. In this case, the trader can see whether the manager is as successful as he expects.
Top PAMM brokers in 2024 for Iran traders
| FXTM | Alpari (UK) | XM Group | HFM | IC Markets | |
|---|---|---|---|---|---|
Overall score |
8.17 |
7.11 |
8.28 |
8.09 |
8.4 |
Execution of orders |
8 |
7.1 |
9.35 |
9 |
9.45 |
Investment instruments |
8.94 |
5.28 |
8.7 |
8.91 |
8.77 |
Withdrawal speed |
7.14 |
7.71 |
7.9 |
8.86 |
9.43 |
Customer Support work |
8.91 |
8.13 |
8.5 |
5.42 |
7.19 |
Variety of instruments |
7.02 |
6.37 |
8.02 |
7.37 |
8.02 |
Trading platform |
8.98 |
8.06 |
7.2 |
8.95 |
7.51 |
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FAQs
How much can you earn on PAMM accounts?
The amount you can earn on PAMM accounts is actually unlimited. Everything depends on the level of your deposit and the manager, as well as the interest rate he provides. However, do not forget about the risks as you chase the profit.
How are PAMM accounts different from copy trading?
When investing in a PAMM account, the trades of the manager are not copied to the subscriber’s account; the transactions cannot be controlled or canceled.
Can I subscribe to several PAMM accounts?
As a rule, it is possible. However, broker may limit the number of such accounts. Nonetheless, the restrictions are rare.
Should I split my funds among several PAMM accounts?
Yes. Diversification is important for protection of your funds. In this case if you have a loss on one account, it will be covered by the profit on the other accounts.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.