Best Brokers With LAMM Accounts

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Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Lot Allocation Management Module (LAMM) brokers allow you to give part of your capital to fund managers who will invest on your behalf.

They differ from other popular managed trading accounts like PAMM and MAM in their method of allocation. Capital is denominated in lots, hence lot allocation.

LAMM accounts will suit hands-off forex traders who want a degree of control over risk – you can decide the number of lots to invest.

Best LAMM Account Brokers In 2024

Following our tests, we gave these 4 brokers the highest overall ratings. They all offer some form of lot allocation through their managed account solutions.

Best Brokers With LAMM Accounts Comparison

Best Brokers With LAMM Accounts Comparison
Broker LAMM Account Minimum Deposit Platforms Regulators Visit
RoboForex logo
$10 R StocksTrader, MT4, MT5, TradingView IFSC Visit
FXDD logo
$200 WebTrader, FXDD Mobile App, MT4, MT5 MFSA, FSC, LFSA, SBS Visit
Grand Capital logo
$10 MT4, MT5 FinaCom Visit
IronFX logo
$100 MT4, AutoChartist, TradingCentral CySEC, FCA, FSCA, BMA / Bermuda Visit

#1 - RoboForex

Why We Chose RoboForex

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
  • Regulator: IFSC
  • Platforms: R StocksTrader, MT4, MT5, TradingView
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#2 - FXDD

Why We Chose FXDD

FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.

"FXDD remains a popular choice for experienced traders looking for reliable VPS hosting and automated trading tools. It will also serve any traders familiar with the MetaQuotes software, with both MT4 and MT5 on offer."

- DayTrading Review Team
  • Instruments: Forex, CFDs, Indices, Stocks, Commodities
  • Regulator: MFSA, FSC, LFSA, SBS
  • Platforms: WebTrader, FXDD Mobile App, MT4, MT5
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500* Leverage varies depending on the region

#3 - Grand Capital

Why We Chose Grand Capital

Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.

"Grand Capital is a good broker for traders familiar with MetaTrader plus passive investors interested in copy trading and LAMM solutions. On the downside, the broker's regulatory credentials lag behind competitors."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options
  • Regulator: FinaCom
  • Platforms: MT4, MT5
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

#4 - IronFX

Why We Chose IronFX

IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.

"IronFX remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer."

- DayTrading Review Team
  • Instruments: Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
  • Regulator: CySEC, FCA, FSCA, BMA / Bermuda
  • Platforms: MT4, AutoChartist, TradingCentral
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)

How Did DayTrading.com Choose The Best LAMM Account Brokers?

To compile a list of the best LAMM accounts, we looked at several key factors:

What Is A LAMM Account?

A LAMM, or Lot Allocation Management Module, allows you to partition capital for a fund manager to execute your orders.

This allocation is done by a set lot size, so the manager cannot access your whole account.

Profits or losses are calculated in line with the lot size you select.

You can see exactly how it works in IronFX’s solution below.

How IronFX LAMM account works
IronFX – Lot Allocation Method
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Tip: You can use more than one fund manager simultaneously, helping to spread risk.

How Are LAMM Accounts Different To Other Managed Accounts?

Other popular managed trading accounts include Percentage Allocation Management Module (PAMM) and Multi-Account Manager (MAM).

LAMM is very similar to PAMM, the difference being that in a LAMM account, you specify the number of lots to allocate, whereas in PAMM accounts you specify a percentage of your capital.

In MAM, a single master trader executes trades that are mirrored by all the MAM account holders, though these investors also have the option to set their own parameters and have some control over the account.

Bottom Line

LAMM brokers offer a form of managed account that allows you to provide a set number of lots for a fund manager to carry out trades on your behalf.

LAMM accounts take much of the work and required knowledge out of trading, as you can simply select a manager and let them do the work.

However, there is no guarantee that you will make money and finding a trusted broker with a strong pool of fund managers can be challenging.

That’s why we recommend using one of our highest-rated brokers with LAMM accounts that have been reviewed by our testing team.

FAQ

What Are The Advantages Of LAMM Accounts?

The main benefits of LAMM accounts are that you can spend less time trading and you can leverage the experience of seasoned forex traders, for example.

You also retain a degree of control because you can normally choose how many lots to invest and you can use multiple fund managers to spread risk.

What Are The Risks Of LAMM Accounts?

There is no guarantee you will make money using a LAMM account. This will depend on the skill of the fund manager you entrust your capital with, and the fees you pay.

Also, LAMM accounts are less popular than PAMM and MAM solutions, which are provided more frequently by regulated brokers.