<p>One of the main questions we get asked from Forex traders is what is a MAM account and what is a PAMM account?</p> <p>Today we are going to focus more on what is a&nbsp;<a href="/money-manager">MAM account</a>&nbsp;and how important it is to find the right forex broker to support you.</p> <p>MAM stands for multi-account manager and is ideal for the more sophisticated fund manager who wants to manage many different trading accounts at the click of a button.</p> <p>Consider your MAM account to be the Master account, and underneath your Master account sit all your&nbsp;<a href="/blog/high-return-forex-managed-account">managed forex accounts</a>.</p> <p>Using a MAM, allows you to place all your trades in your master account, and those trades are then allocated to all the subaccounts.</p> <h3>Starting a Forex trading fund</h3> <p>One of the most powerful reasons for MAM and PAMM accounts is it simplifies the ability to start a forex trading fund.</p> <p>The traditional method of starting a fund is extremely expensive, with many suggesting a hedge fund might need to raise over $7 million just to get started.</p> <p>A MAM-managed forex accounts business allows you to execute your trading strategies and have all your trades seamlessly allocated to your sub-accounts.</p> <p>You focus on your trading and the MAM allocates all your trades proportionally.</p> <h3>MAM PAMM differences</h3> <p>PAMM stands for Percent Allocation Management Model and allows a fund manager to allocate traders to all subaccounts as a percentage of the total pool.</p> <p>For example, if the fund had $1million and placed a 10 lot EURUSD trade, then the allocation of those 10 lots would be split up based on the percent of all capital.</p> <p>If one investor had $100,000 in the fund (representing 10% of the total fund), then their trading account would be allocated 1 lot of EURUSD.</p> <p>MAM manager accounts provide greater flexibility to the fund manager to allocate trades according to their preferences.</p> <h3>Account type and trading solutions</h3> <p>The trading platform you choose is up to you, with the choice of MT4 or MT5 accounts available.</p> <p>Individual accounts can choose between&nbsp;<a href="https://acy.com.au/en/platforms/account-types/standard">standard accounts</a>&nbsp;or&nbsp;<a href="https://acy.com.au/en/platforms/account-types/prozero">ProZero accounts</a>, depending on the investment objectives of your clients.</p> <p>You will trade on behalf of your clients across the full range of trading instruments and&nbsp;<a href="https://acy.com/en/market-news/education/expert-advisors-benefits-forex">Expert Advisors EAs</a>&nbsp;are the preferred way for managers to trade.</p> <p>Copy-trading has been continuing to grow over the years but MT4 brokers and MT5 brokers have the flexibility of using a Forex MAM to service their clients.</p> <p>No matter if you are using fundamental analysis, technical analysis, or advanced algorithmic trading systems to service your multiple clients, a MAM MT4 account could be the perfect solution for your expanding trading fund.</p> <p>We can work with you to arrange the legal documents, such as Limited Power of Attorney (LPOA) forms as well.</p> <h3>How can ACY Partners help you?</h3> <p>At ACY Partners, one of our core offerings is the setting up of MAM accounts for new and experienced fund managers.</p> <p>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.</p> <p>Over the years, we have helped countless traders look after their managed forex accounts, with complete reporting and analysis via our client portal.</p> <p>We take care of the important details, so you can get on with your fund.</p> <p>If you are looking to set up a new MAM 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.</p>