On further investigation, it seems PAMM accounts are only available for customers of their Cayman Island regulated subsidiary.
I'll shoot them an email to confirm though.
Yeah that's what they call them on Interactive Brokers. I'm looking for an equivalent from a US forex broker.
I've found some international brokers that offer MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts, but none so far that accept US clients.
I'm looking to manage a few forex accounts for family and friends.
Are there any regulated brokers that accept US clients and offer MAM or PAMM accounts?
The regulatory status of these accounts seems like a bit of grey area? MAM and PAMM accounts are legal in the US right?
I've been spoiled by TradingView's order entry system and have come to love their position sizer tool.
If you're not familiar with it, it simply auto-sizes your position based on your stop-loss and the amount of risk you'd like to take as a percentage of account equity.
Has anyone come across a...