Forex Brokers with LAMM Account
LAMM (Lot Allocation Management Module) is a way to earn profit from forex trading by participating in a managed account whose earning portions are determined by the lot size. In this case, investors can choose the amount of lots that they want to trade following a trader's strategy. A predecessor of PAMM, LAMM account is not as mainstream so finding a good forex broker with this offering can be quite difficult.
We have compiled the list of LAMM forex brokers to make it easier for you, should you ever want to try trading in a LAMM account.
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What are the various types of forex broker awards?
Earnforex has sorted out current forex broker awards into three categories:
- The highest tier (trusted) awards are organized by renowned and highly reputable publications such as FXStreet.
- Medium-tier (expos and conventions) such as Finance Magnates Summits and iFX Expo. The organizers themselves are reputable, and there are some rather tough qualifications for forex brokers who want to participate
- Lowest tier (dubious awards), including magazines and broker rating websites such as World Finance Magazine, International Business Magazine, Financial Derivative Magazine, and so on.
Continue Reading at Forex Broker Awards: All You Need to Know
What are the go-to forex brokers if you start small?
To find out which forex broker is most suitable for you, you should take a quick look below:
- FBS: initial deposit as low as $1
- Exness: minimum deposit of $1
- LiteFinance: minimum deposit of $50
- InstaForex: minimum deposit limit of $1
- FXOpen: minimum deposit starting from $1
- JustMarkets: deposit as small as $1
- XM: minimum deposit of $5
Continue Reading at Forex Trading with Small Money, Is It Possible?
What are the types of forex brokers' bonus?
- Forex Deposit Bonus
A forex deposit bonus is closely related to the deposit you make. Normally, you need to make a deposit on the website of your chosen broker. - Forex No Deposit Bonus
Forex no deposit bonus can be a solution if you don't want to risk too much money for trading. In short, you will be given money by your broker to make your first trade. - Welcome Forex Bonus
This type of bonus is dedicated to new clients, therefore you can't get this promo if you're a regular client. - Special VIP and Regular Customer Bonus
Usually, brokers will reward their loyal clients with bonuses, as well as their VIP clients. Normally you need to stay active on the broker for some time to claim the bonus. - Pending Forex Bonus
Just like the name suggests, you can't use this bonus immediately after you receive it. However, you can claim it once you do a particular action on your broker's platform. - Forex Reload Bonus
This bonus is dedicated to regular clients. Usually, the broker will give you the bonus on the second deposit and after.
Continue Reading at What You Need to Do in Choosing the Best Forex Bonus
LAMM stands for Lot Allocation Management Module. This type of account can be considered as the predecessor of PAMM since it does not work based on the percentage of the investor's equity percentage on the manager's account. Instead, by using a LAMM account, the client can determine the number of lots that will be traded so they will get the profits or losses according to this number.
Continue Reading at What are the Differences between MAM, PAMM, and LAMM?
