Global online broker FxPro was ranked first as the best PAMM broker of 2023 by Traders Union. FxPro offers traders more than one PAMM manager with profitable accounts.
As trading on the forex market develops, traders can earn a profit, including the option of passive income with PAMM accounts. FxPro, the world's trusted multi-asset broker headquartered in London, was ranked at the forefront of the best PAMM brokers for 2023 in the Traders Union analyst test.
Since it was founded in 2006, FxPro has been licensed by several financial regulators, including CySEC (Cyprus), Bahamas SCB, FCA (UK), and FSCA South Africa. The broker provides flexible trading conditions with lightning-fast execution on more than 2100 instruments and provides trading with 0.01 micro-lots, high leverage up to 1:500.
According to the Traders Union research, its financial experts have collected the brokers of PAMM brokers, analyzed the conditions and parameters, and evaluated all the pros and cons. As a result, the FxPro forex broker came first in the ranking. FxPro allows traders to choose from several PAMM managers, providing them with the most profitable PAMM accounts.
PAMM (Percentage allocation management module) is an option that allows fund managers to manage traders' money. This trading style offers traders to capitalize on the success of other experienced traders. To earn profits in the forex market, traders should use a conservative investment strategy with low risk and choose the best brokers that offer passive trading options via PAMM accounts.
The older the broker, the more experienced it is, the broader its capabilities, and the more protected it is from external economic risks. Traders Union recommends not trading with brokers under 3-5 years.