Do you need a MAM account broker for your managed forex account? If so, then this blog post is for you. The two main types of accounts for managed forex traders are the MAM account and a PAMM account.
This post will help make sense of all the information by discussing MAM accounts, PAMM Accounts, forex trading platforms, and the benefits of each. These decisions are important because this is your business and livelihood.
What is a MAM account broker?
A mam account broker is a licensed entity that allows fund managers, who trade on behalf of other clients, to conveniently have all their accounts managed from one master account.
This multi-account management setup allows the professional trader to execute his manual or automated trading strategies to all his client accounts with ease.
As a MAM account broker, ACY has set up many managed accounts, handling all the legal documents, onboarding, allocation methods, and treasury operations at the end of each month.
As a money manager, this allows you to focus on your strategies, the trade conditions on any day and execute your strategies with peace of mind.
What are the benefits of a MAM account?
- Transparency in terms of portfolio holdings for your clients
- Taking care of all the on-boarding of clients
- The team to scale up the business with you
- Flexibility to change models and allocation methods
- Compliance issues taking care of according to the correct regulations of your jurisdiction
- Choice of risk management models to use for your clients
- Range of deposit and withdrawal methods
Why it is critical to find the best MAM account, broker
If you are starting out with your forex fund manager business, then you need to be sure your broker can scale with you.
One of the critical considerations is the liquidity the broker provides from tier-one LPs and Prime of Prime liquidity providers.
There is no doubt your fund will be growing and we have seen many grow extremely fast, bringing on large accounts and scaling up their positions sizes accordingly.
Therefore, you need the confidence that your MAM account broker can offer the liquidity you need as you scale.
Further to this, you need a wide suite of financial instruments, depending on what markets your strategies will be trading.
At ACY Partners, our liquidity comes from 16 top liquidity banks and for those trading martingale style strategies, lot sizes start from 0.01 of a lot. Micro account trading is popular for this method of trading. Even though there are risks involved, an account manager can better manage the risk of losing money using micros.
Your Choice of MAM PAMM accounts
There are two types of mam account brokers, the MAM and a PAMM.
MAM stands for Multi-Account Manager and PAMM stands for Percent Allocation Management Module, for the percent allocation method.
Both allow you to set up your Master account and allocate trades to your sub-accounts no matter what account types your clients have.
At ACY, your clients can choose from accounts from 0.0 pips for those looking for ECN forex brokers, or fixed spreads for their online trading.
You also have the choice between MT4 MT5 trading accounts and setting up investor accounts is simple.
How can ACY Partners help you?
At ACY Partners, one of our core offerings is the setting up of MAM accounts for new and experienced fund managers.
Our seamless setup allows you to focus on the business of trading and acquiring clients, while our back-end solutions allow for easy onboarding and client deposits.
Over the years, we have helped countless traders look after their managed forex accounts, with complete reporting and analysis via our client portal.
We take care of the important details, so you can get on with your fund. We can even work with you on a demo account.
If you are looking to set up a new MAM and PAMM account or would like to know how we can help you, then let’s open the conversation and find out more about your business and goals.