MAM Accounts
MAM (Multi-Account Manager) profiles allow traders to hand over their investments to skilled fund managers in the financial markets, whilst also maintaining a level of control over trades. The best MAM account managers offer competitive performance indicators, flexibility and access to reputable platforms such as MT4. This review explains how to open an account and ranks the top UK forex brokers with MAM accounts:
Best MAM Brokers UK
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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 trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
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FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis 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.
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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.
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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 traders at all levels.
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Eightcap is an award-winning, FCA-regulated broker offering industry-low trading fees. They are also the highest-rated brand by TradingView’s 50 million-strong users, who can trade directly on the platform. UK traders can sign up for a live account with an accessible £100 minimum deposit.
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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.
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BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.
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Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 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.
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Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.
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Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
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GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.
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FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA, ASIC, CySEC, FSCA, BaFin.
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Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.
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Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and FSC.
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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.
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Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
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Trade.com is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC.
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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.
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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.
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Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.
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Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.
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Baxia Markets is an offshore CFD broker that offers trading on forex, commodities and indices with tight spreads on a straight-through processing model with ultra-low latency. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:500 and no restrictions to scalping or hedging strategies. Users also benefit from third-party copy trading services.
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TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.
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Switch Markets is a multi-asset CFD brokerage, regulated by ASIC and SVGFSA. The new brand offers trading on the MT4 and MT5 platforms and leverage up to 1:500. The broker boasts over 2000+ instruments, with some additional tools including copy trading services and free VPS hosting.
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RoboMarkets is a Cyprus-based forex, CFD and stock broker aimed at traders from Europe. The broker offers thousands of instruments across six asset classes and provides access to four leading platforms, including MetaTrader 4. With ECN pricing, Cent accounts and algorithmic trading tools, RoboMarkets caters to a range of trading strategies and investing styles.
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Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
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Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.
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Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
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Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.
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Hantec Markets was established in Hong Kong in 1990. Initially, the company concentrated solely on the Chinese and Taiwanese markets. In 2008, the broker rebranded and expanded its presence in the UK, Australia, Japan, and various other countries, before enhancing its footprint in Latin America in 2022. Hantec now stands as a multinational brokerage with 18 offices across Europe and Asia.
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FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.
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FXTM is a top-rated forex and CFD broker established in 2011 and operating across four continents. The company is secure and regulated by leading authorities, including the FCA. Offering 1000+ markets and three account types, they cater to all levels of trader.
What Are MAM Accounts?
MAM, Multi-Account Manager, accounts permit professional fund managers to trade on behalf of multiple retail clients. MAM accounts are suitable for both beginner traders with limited market knowledge, and for high-net-worth individuals looking for a hands-off approach to investing.
Traders can choose a fund manager with a proven track record, with experience in trading multiple assets. Pepperstone and Vantage FX, for example, allow fund managers to trade forex, stocks, indices, and commodities on behalf of customers.
Typically, retail traders can set criteria around how trades are executed, meaning they maintain control over how their personal funds are invested. This may include the restriction of certain stocks due to non-compliance with ethical practice or the amount of leverage being used to reduce risk.
How MAM Accounts Work
Fund managers can manage risk from one profile, executing trades on behalf of their customers simultaneously – typically in ‘blocks’. Professional investors will look after multiple trading accounts in a single master account.
A pre-defined profit split will be taken by the fund manager, known as a performance fee, often every month. Let’s say four investors are part of one ‘pool’ of traders. Investor A deposits £20,000, Investor B deposits £25,000, Investor C deposits £15,000 and Investor D deposits £40,000. The MAM account will therefore hold a total of £100,000.
If the money manager trades with the full amount of money and a £10,000 profit is made, each investor receives a split of the funds. The fund manager then takes a 10% performance fee, receiving £1,000. The remaining profit of £9,000 will be split between the four investors based on their initial deposit weighting:
- Investor A receives £1,800
- Investor B receives £2,250
- Investor C receives £1,350
- Investor D receives £3,600
Investments can be executed in professional trading platforms. The AvaTrade and Axi MAM accounts, for instance, provide pro traders access to the popular MetaTrader 4 (MT4) terminal.
How To Get Started With A MAM Account
It is relatively straightforward to open a MAM account. We outline the basic method to get started, though this may vary slightly between brokers and forex-managed MAM accounts:
- Choose a broker that offers MAM trading accounts – Select a well-known and trusted brand that holds a license with the Financial Conduct Authority (FCA) in the UK. Popular MAM brokers in the UK include Pepperstone, AxiTrader and FXTM.
- Register for a trading account – Once you have checked that you are happy with the trading terms, including minimum funding requirements and selection of assets, fill out any required account registration forms with the broker.
- Select a fund manager using the published performance statistics – Look for key performance metrics, reliability ratings and any fees that they charge.
- Set your trading criteria such as attitude to risk and investment parameters – Make sure to spend some time researching the criteria you can set with the money manager. Once this is done, they can begin trading on your behalf.
Before you sign up, review the terms and conditions in the agreement with the fund manager. Many MAM account brokers will provide a Limited Power of Attorney (LPOA), a document that oversees the manager-investor relationship.
Pros Of Brokers With MAM Accounts
- Performance metrics – The best brokers publish a range of performance indicators of fund managers including full trading history, profit gains, and popular assets being traded. This can help you determine which MAM advisor to trust with your capital.
- Flexibility – The majority of brokers with MAM accounts offer retail traders the flexibility to control and manage trading activities to some degree. This may include the opportunity to pull out of an account if the performance of the professional trader slips.
- No market knowledge needed – A key advantage of using a MAM account is that previous trading experience or expertise in the financial markets is not essential. Instead, the fund manager is the experienced investor. Pepperstone MAM account professionals, for example, are required to have a minimum of three years of trading experience.
Cons Of Brokers With MAM Accounts
- Risk – Investments made via MAM accounts still incur the risk of losses and are not sheltered from market volatility. Losses can exceed the initial capital deposited if the fund manager is not careful. Remember that previous performance history does not guarantee profits and you should never invest more than you can afford to lose.
- Fees – The fund manager will be entitled to a performance fee for managing the investment pool. This could be anywhere in the region of 1-20%. This is typically a set percentage calculated on the trading gains, though commission charges may also apply to executed orders. There may also be a minimum account balance requirement to be accepted by a MAM fund manager. FP Markets, for instance, has a minimum deposit requirement of £100.
How To Compare Brokers With MAM Accounts
- Withdrawals – It is important to understand whether you can withdraw your funds/profits at any time. For example, some brokers with MAM accounts may set a fixed payment timeline or expect a certain number of trades before you can withdraw.
- Fees – Costs are an important factor when comparing brokers with MAM accounts. The fee structure will determine the amount of profit that will be taken by the fund manager. Ensure you are aware of all the charges involved with trading, including any commission fees per trade and a monthly/annual service charge. It is also important to determine whether a minimum investment amount is required. This could be anywhere from £100 to £50,000.
- Dashboard Interface – Access to an intuitive MAM account dashboard via a broker-dealer is important. You will want to be able to view the trading history of the fund manager, with real-time performance statistics. The interactive platform should also allow you to customise investment criteria.
- Customer Service – Contactable and responsive customer support is key when investing your money with a fund manager. Live chat or telephone may be the most appropriate method if any issues arise, particularly if you notice any performance slips.
- Assets – Is the fund manager able to invest in a range of asset classes via the broker on your behalf? This can be useful to protect investments against sector volatility and reduce risk. Having a choice of instruments is also useful if you wish to trade independently outside of your MAM profile. The Interactive Brokers MAM account, for example, provides trading opportunities across stocks, forex, funds, options, and futures markets.
- Security – Although you are investing through an experienced professional, profits are not guaranteed. Fortunately, the best MAM account brokers provide plenty of information about their listed agents. Pepperstone, for example, requires MAM account partners to have relevant qualifications and experience to be able to trade on their terminal.
Bottom Line On MAM Accounts
Brokers with MAM accounts offer a hands-off solution to online trading. They may be suitable for those who don’t have the time to source profitable investment opportunities, or who lack the experience to trade forex, for example. Key features to look for include minimum investment requirements, flexibility around changing criteria, and competitive funding terms.
See our table of the top UK brokers with MAM accounts to start trading.
FAQ
What Is A MAM Account?
MAM accounts allow professional money managers to trade on behalf of multiple clients simultaneously. They provide retail investors with the option to hand over trading decisions to an experienced investor, who in return takes a cut of the profits achieved.
What Are The Best MAM Account Managers In The UK?
Among the top-rated MAM account providers in the UK include Pepperstone, IG, and AvaTrade. See our full list of brokers with MAM accounts for more options.
Are MAM Accounts Good?
Multi-account managers can invest in a variety of instruments to create a diverse portfolio. They also offer a hands-off approach to online investing for beginners and those with less time. With that said, profits are not guaranteed so traders should not risk more than they can afford to lose.
Are MAM Accounts Cheap?
Fees vary between brokers that offer MAM accounts. Typically fund managers will request a monthly or annual fee in return for their services which can be in the region of 1-20% of profits. Additionally, there may be a commission per trade executed.
How Do I Choose The Best MAM Account?
When comparing UK brokers with MAM accounts, focus on the past performance of the fund managers, plus their fee structure, trading term flexibility, regulatory status, and customer support. Alternatively, see our ranking of top-rated brokers with MAM accounts.