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 in Japan
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
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- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
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- Demo account
- Regulator: CySEC, MISA
- Platforms: MT4, MT5
84.6% of retail CFD accounts lose money. -
- Demo account
- Regulator: FCA, ASIC, FSCA, VFSC, CIMA
- Min. deposit: $50
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- Demo account
- Regulator: ASIC, CySEC, JSC, FSA, CMA-Kenya
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- AvaTrade 4.9/5 Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- IC 4.8/5 IC Markets (now IC) 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 200,000 clients from over 200 countries.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- FXCC 4.6/5 FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Comoros Union and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
- Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
- Ingot Brokers 4.3/5 Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| AvaTrade | 13634 | ||||
| IC | 2 | ||||
| BlackBull | 3521 | ||||
| FXCC | 225 | ||||
| Vantage | 15864 | ||||
| Ingot Brokers | 57 |
AvaTrade
Celebrating 20 Years in the industry, AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Pros
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
Cons
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
IC
IC (formerly 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.
Christian Harris, Reviewer
IC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- IC secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.
- IC offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
Cons
- Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
Cons
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto
- Regulator
- CySEC, MISA
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD
Pros
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
- The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
Cons
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
- FXCC charges steep withdrawal fees on many of its payment methods, including $45 for bank transfers and 2% crypto transfers, which may cut into the returns of traders making regular withdrawals.
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
Vantage
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.
Jemma Grist, Reviewer
Vantage quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
- Regulator
- FCA, ASIC, FSCA, VFSC, CIMA
- Platforms
- ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
Pros
- Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
- It’s quick and easy to open a live account – taking less than 5 minutes
- Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
Cons
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
Ingot Brokers
Ingot Brokers is a good choice for day traders looking for a no-frills broker with a wide range of instruments. Experienced traders will appreciate access to the advanced MT5 platform, although beginners may be disappointed in the lack of educational resources.
William Berg, Reviewer
Ingot Brokers quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies
- Regulator
- ASIC, CySEC, JSC, FSA, CMA-Kenya
- Platforms
- MT4, MT5
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD
Pros
- Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis
- Ingot Brokers offers a copy trading service with passive income opportunities for experienced strategy providers
- Ingot Brokers holds multiple regulatory licenses, including two from the top-tier regulators, ASIC and CySEC
Cons
- The ECN account offers fewer assets than the other account types
- The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
- Despite improvements in the Resources Hub, the broker’s education and market research still trail many competitors
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
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.
Final Word
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, FXTM, IC Markets, FXCM and Pepperstone. Check out our detailed reviews before signing up for additional information.