IC Markets Is The Best Forex Broker In The World Forex MAMM Accounts

PAMM trading accounts are traditionally utilized by money managers in order to permit the money manager to manage multiple trading accounts for clients. PAMM means percentage allocation method, PAMM trading accounts permit money managers to allocate earnings based on a proportion amongst members.

A number of successful EA's also have PAMM trading accounts associated with them, having a PAMM account means that the ea needs only to be run on one account that acts as the master account.
I have been using a PAMM account for more than three years fx trading for more than 200 clients predominantly utilizing expert advisors. The most important aspect to consider when deciding whether or not to utilise a PAMM account, is your broker's capability to accept the orders placed using the PAMM tool. My personal preference is to always deal with an ECN forex broker as ECN forex brokers are typically able to accept large orders, something which market makers forex brokers can not do. Also true ECN forex brokers don't have any restrictions on the distance stop-loss and take-profit orders can be placed from the present market price, if you are running a scalping ea on your PAMM this is really crucial to know.

I've trialled PAMM trading accounts with many of forex brokers over the years but I keep going back to an ECN forex broker. My favorite ECN forex broker is IC Markets in Australia, IC Markets are actually a True ECN forex broker which means you'll be able to trade within the spread and participate in the market depth.

IC Markets have been offering PAMM trading accounts for quite a number of years so they are extremely familiar with the setup of these types of trading accounts and which PAMM software is best to use. I really believe that if you intend on using a PAMM account then selecting a forex broker that understands how to run these types of trading accounts is `.

My IC Markets PAMM account enables one-click trading as well as block trades. The PAMM tool they use also allows three allocation techniques, they are lot, percentage and proportional. I also can allocate lot sizes which are as little as 0.01 or one micro lot. The master account in the PAMM tool also enables me to operate separate trading strategies and accepts market, stop and limit orders. There are a few of extra deal types such as trailing stop, close by and close, all of these can be used on the system also. One of the greatest features of IC Markets PAMM tool is that you can easily manage monthly, quarterly and annual client reports from the manager terminal this is in addition to monitoring commissions and portfolio profitability in real-time.

So if you are a money manager or you are just trading for other people a PAMM account is a good account to utilize and in my opinion the best forex broker for PAMM trading accounts is IC Markets. I really do not think that you'll discover a better forex broker for these account types anywhere in the world. IC Markets really is the number one forex broker in the world for PAMM trading accounts. You will also save yourself heaps of money by trading with IC markets as IC markets spreads are the lowest in the world, this is why all of my trading buddies which scalp and day trade use IC Markets as their main forex broker.