MAM Accounts

MAM accounts are a unique way to invest in the financial markets, from forex to stocks and shares. They essentially let you place your money with established investors who will trade on your behalf, in return for a small fee. Multiple online brokers offer MAM systems and this review will delve into what exactly a managed account is, as well as comparing the top brokers and accounts to help you get started.

MAM Brokers

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

#3 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

#4 - Eightcap

Why We Chose Eightcap

"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities
  • Regulator: ASIC, FCA, xCySEC, SCB
  • Platforms: MT4, MT5, TradingView
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots

#5 - 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

What Is A MAM Account?

A multi-account management system, or MAM account, is a structure whereby a fund manager executes orders for several different accounts with the same broker. Essentially, this means that you can select someone with more experience to identify market movements, perform analysis and place orders for you.

Clients with MAM accounts can diversify their portfolios and spread their risk by taking advantage of other investors’ experience, or by splitting their capital among several different managers. They are a great option for newcomers or those with limited time.MAM Accounts ICMarkets and Other Top Brokers

How Does A MAM System Work?

A broker with MAM accounts gives investors flexibility and choice as they can select the fund manager they wish to entrust their capital to. Once you have opened an account, you can deposit funds and partition some of your capital to be used by a certified money manager.

MAM accounts are transparent as you can see exactly what trades are being made and remove control from the manager in a few clicks. The best brokers offering MAM solutions offer intuitive dashboards to track activity, profit and loss in real-time.

How To Compare MAM Brokers & Accounts

While MAM accounts are inherently less hands-on than other speculative investment approaches, there can still be a significant difference in the experience and profits you may walk away with. From trustworthiness and entry barriers to manager expertise and interface simplicity, below are the key factors to consider when comparing brokers.

Minimum Deposit

To ensure clients are serious about using their services, many brokers will have a minimum deposit, requiring prospective customers to put forward capital to get started. Limits can vary drastically from a few dollars to several thousand, so be sure to look within your budget.

Fee Structure

Before opening a MAM account with your chosen broker, ensure you know how much of any profits they will take. Most brokers take a commission on your trades (this can be higher with MAM accounts) but some also charge monthly fees for their services. On top of this, check if there are deposit and withdrawal fees as these charges can add up.

Customer Support

As someone will be managing your money, you want to be sure that you can get in contact with the manager or broker should you need to. We recommend looking for brokers that have a good-sized customer support team that is accessible throughout market hours.

Additional Tools

Even though someone is managing your portfolio, it can still be important to find a broker that you can learn from. Many companies offer MT4 webinars, one-to-one sessions and a variety of learning resources to ensure clients can improve their skills. This is particularly useful for beginners who may only use MAM accounts whilst they develop their own trading strategies.

Security

Fraud risk is reduced by the automation of MAM platforms. However, it’s still important to open an account with a regulated broker. This will help give you legal recourse in the event of dishonesty or insolvency. It’s also worth doing your due diligence on the fund manager you plan to entrust your capital to. The top platforms rank their best fund managers with a detailed history of their past performance.

Market Access

Most MAM accounts offer access to all major markets, meaning forex, stocks, commodities and cryptos. A larger range of markets will not only allow you to make your own investments on the side of the MAM account but also help to diversify your portfolio and spread your risk.

Payments

Deposits and withdrawals can have a significant effect on your MAM experience. Find a broker that supports payments using methods that you are familiar with, such as wire transfer or payment cards. You should also look into transaction charges and processing times to ensure you can access your money quickly and cheaply.

Note, some MAM accounts have fixed intervals when pay-outs are received, whether that’s weekly, monthly or a mixture.MAM Account Manager

Final Word On MAM Accounts

MAM brokerage accounts are a great tool for those who do not have the time or knowledge to constantly scour the financial markets for profitable opportunities. Simply by partitioning your account you can pass on the manual labour to someone with more experience than you. Not all MAM accounts are the same, however, so you should consider all the key points above when comparing brokers.

FAQs

What Is A MAM?

MAM stands for multi-account manager. Essentially, with MAM accounts the fund managers have the power to execute orders using your investment capital. People using MAM can further diversify their portfolios by utilising several MAM accounts or managers.

How Does MAM Work?

A MAM account gives experienced managers full control over a predetermined portion of your brokerage account. They then carry out market analysis and place trades with your money, along with their own and that of their other clients.

Should I Open A MAM Account?

If you want to take a backseat whilst your expert account manager executes trades for you then opening a MAM account might be for you. MAM accounts allow for total transparency as you can see what trades are being made and remove control over your money at regular intervals.

How Do I Compare MAM Brokers And Accounts?

When comparing brokers with MAM accounts, we recommend focussing on the success of the fund managers offered, alongside platforms, fee structures and customer service details. A full guide is provided above.

Which Brokers Offer MAM Accounts?

Many mainstream brokers offer MAM accounts, including FXChoice, Swissquote, FXPro, Avatrade, AxiTrader, Infinox, FXTM, IC Markets, FXCM and Pepperstone. Check out our detailed reviews before signing up for additional information.