PAMM and MAM are account-management labels used by forex brokers and platforms. PAMM commonly expands to Percentage Allocation Management Module; MAM commonly means Multi-Account Manager. Both can let a manager place trades whose exposure is allocated across client accounts, but the implementation, permissions and legal relationship are defined by each provider's documents.
Do not assume that two brokers use the terms in the same way. A product name does not establish whether money is pooled, how orders are allocated, who can withdraw funds or what protections apply.
Typical PAMM allocation
In a typical PAMM description, client capital participates in a managed pool or master strategy and results are allocated using a stated method, often related to each participant's share. The platform agreement determines whether accounts are technically pooled, how fees are charged, how deposits and withdrawals are handled and how open positions are treated.
Typical MAM allocation
A typical MAM setup lets a manager place orders for several linked accounts, with volume or exposure distributed using a selected method. Depending on the broker, that may involve lot-based, percentage or other allocation rules. Individual account settings and minimum trade volumes can cause results to differ between participants.
PAMM vs MAM: what to compare
- Account structure: ask whether funds remain in your own brokerage account and who holds custody.
- Allocation: request a worked example showing how one order is divided for different balances and account currencies.
- Control: read what trading permissions the manager receives and who can close positions or end the mandate.
- Costs: compare management and performance fees, trading costs, withdrawal rules and how losses affect later fees.
- Reporting: verify whether performance includes open equity losses, deposits, withdrawals and every participating account.
Which account type is safer?
Neither PAMM nor MAM is inherently safer. Risk depends on the strategy, leverage, allocation, legal entity, custody, fees and your ability to withdraw or end the agreement. Confirm current local availability and authorization with the named provider before sending funds.
This guide is independent education. Quantora does not operate a PAMM or MAM service or manage client forex accounts. For broader context, read Managed Forex Accounts Explained.