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 Serbia that offer passive income under good conditions.
The Most reliable brokers of Serbia by TU include the following:
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.
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.
InstaForex is the best option for traders with any level of experience. For active professional traders, there is a large pool of non-standard technological solutions for more accurate analysis. For novice traders, there are comfortable starting conditions, such as a $1 minimum deposit under the regulation of FSC and a $200 minimum deposit with the broker regulated by CySEC. There are PAMM accounts and social trading for investors.
AvaTrade is a brokerage company that provides optimal working conditions for all traders with any skill level. The broker provides customers with security by protecting their data and finances, and they are constantly working to improve the service.
The BDSwiss broker is suitable for users of all levels of Forex trading experience and is focused on cooperating with active traders.
Best PAMM brokers in Serbia in 2024
| Alpari (UK) | FxPro | InstaForex | AvaTrade | BDSwiss | |
|---|---|---|---|---|---|
Trading platform |
MetaTrader 4, MetaTrader 5 |
MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge |
МТ4, МТ5, mobile trading, and WebTrader by InstaForex |
MetaTrader 4, MetaTrader 5, Mirror Trader, ZuluTrade, AvaTrader, mobile and web versions of МТ |
MetaTrader 4, MetaTrader 5, BDSwiss Webtrader, and BDSwiss mobile apps for iOS and Android |
Min deposit |
$1 |
$100 |
$1 |
$100 |
$10 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:200 |
From 1:1 |
Trust management |
No |
No |
Yes |
No |
No |
Accrual of % on the balance |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Spread |
From 0.2 points |
From 0.0 points |
From 0.0 points |
From 0.9 points |
From 0.0 points |
Level of margin call / stop out |
50% / 10% |
25% / 20% |
30% / 10% |
25% / 10% |
50% / 20% |
Execution of orders |
Market Execution, Instant Execution |
Market Execution |
Instant Execution |
Instant Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
Cent accounts |
No |
No |
Yes |
Yes |
Yes |
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 Serbia - 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 Serbia:
•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 Serbia:
•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 Serbia
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 Serbia
| 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 |
2
Best PAMM broker in Serbia - 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 Serbia:
•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 Serbia:
•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 Serbia
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.
FxPro Commissions and Fees in Serbia
| 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 |
3
Best PAMM broker in Serbia - InstaForex
InstaForex is a leading broker with over 7,000,000 clients. The company provides access to 2,500+ trading instruments, including Forex pairs, stocks, indices, commodities, and cryptocurrencies. Clients can benefit from competitive spreads starting from 0 pips, leverage up to 1:1000, and access to non-standard technological solutions like synthetic securities. The average execution speed is 0.1 sec.
The broker offers a wide range of cryptocurrency CFDs, with over 70 instruments available and zero spreads on major cryptocurrencies. Additionally, it supports passive investment options including PAMM accounts, copy trading services, and unique offering - OYS portfolios.
The company provides responsive client support and insurance coverage up to €20,000 under European regulation.
👍 Advantages of trading with InstaForex for traders from Serbia:
•2,500+ trading instruments, including non-standard assets, such as InstaFutures and synthetic securities.
•Passive investment products, including PAMM accounts and a copy trading service.
•Non-standard technological solutions such as InstaSpot (P2P spot trading), OYS account, Stock Basket, etc.
•European regulation and IFC compensation fund with guaranteed insurance coverage up to €20,000.
•Comfortable trading conditions, such as a $1 minimum deposit and leverage up to 1:1000, for clients of the FSC-regulated broker.
👎 Disadvantages of InstaForex for traders from Serbia:
•Tough conditions for retail European traders due to regulations.
•The time gap between a trade executed by a trader and the one copied to the investor’s account in the social trading service can be up to 15 seconds.
InstaForex Commissions & Fees for traders from Serbia
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.
InstaForex Commissions and Fees in Serbia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Insta.Standard (FSC) |
From 3-7 USD |
yes |
Insta.Eurica (FSC) |
From 0 USD |
yes |
Cent.Standard (FSC) |
From 3-7 USD |
yes |
Cent.Eurica (FSC) |
From 0 USD |
yes |
ECN.MT4 (CySEC) |
From 10 USD |
Yes |
ECN VIP.MT4 (CySEC) |
From 3 USD |
No |
ECN Pro.MT4 (CySEC) |
From 7 USD |
Yes |
All ECN-accounts MT5 (CySEC) |
From 0 USD |
No |
4
Best PAMM broker in Serbia - AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
👍 Advantages of trading with AvaTrade for traders from Serbia:
•a wide range of trading instruments;
•there is a license for the provision of services on the territory of 5 continents;
•customer service operates around the clock and provides competent assistance to users in 14 languages;
•a wide choice of convenient trading platforms;
•ability to trade from mobile devices;
•availability of an account for representatives of Islam (swap-free);
•for reliable storage of customer funds, the broker uses a segregated account;
•option for automated trading using trading advisors, indicators, and other analysis tools;
•no restrictions on trade and scalping;
•availability of training materials and conducting webinars for beginners and experienced traders.
👎 Disadvantages of AvaTrade for traders from Serbia:
•the site interface is not user-friendly;
•customer service efficiency and response time
•trading terminals are prone to occasionally freeze.
AvaTrade Commissions & Fees for traders from Serbia
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.
AvaTrade Commissions and Fees in Serbia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Standard |
From 0 to 20 US dollars, depending on the platform |
No |
5
Best PAMM broker in Serbia - BDSwiss
The BDSwiss brokerage company has provided financial services in the Forex market since 2012. The broker is keen to cooperate with traders worldwide. Over the past year, the broker has received World Finance Awards such as Best Market Analytics Service Provider (FxScouts Awards), and Best Forex & CFD Broker (International Investor Awards).
👍 Advantages of trading with BDSwiss for traders from Serbia:
•A vast array of trading assets.
•The ability to trade from both PC and mobile devices.
•A wide range of deposit and withdrawal methods.
•Withdrawal fees are paid by the company.
•The broker periodically conducts online lectures for its clients.
👎 Disadvantages of BDSwiss for traders from Serbia:
•Lack of investment programs and trading bonuses.
•The broker charges a fee for inactivity on the account.
•Support is unavailable on weekends.
BDSwiss Commissions & Fees for traders from Serbia
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.
BDSwiss Commissions and Fees in Serbia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Cent |
$15 |
No |
Classic |
$15 |
No |
Premium |
$11 |
No |
VIP |
$11 |
No |
Zero Spread |
$0 |
No |
StockPlus |
DMA |
No |
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 Serbia. 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 Serbia traders
| Alpari (UK) | FxPro | InstaForex | AvaTrade | BDSwiss | |
|---|---|---|---|---|---|
Overall score |
7.11 |
8.5 |
7.83 |
8.32 |
5.98 |
Execution of orders |
7.1 |
8.25 |
8.85 |
8.5 |
6 |
Investment instruments |
5.28 |
8.9 |
7.1 |
9.5 |
4.19 |
Withdrawal speed |
7.71 |
6.5 |
6.9 |
7.2 |
7.07 |
Customer Support work |
8.13 |
8.9 |
7 |
7.9 |
4.89 |
Variety of instruments |
6.37 |
9.27 |
8.02 |
10 |
7.75 |
Trading platform |
8.06 |
9.2 |
9.1 |
6.8 |
5.95 |
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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.