Best Brokers With LAMM Accounts

Written By

Michael MacKenzie

Edited By

James Barra

Updated

Feb 9, 2024

Lot Allocation Management Module (LAMM) brokers allow you to give part of your capital to fund managers who will invest on your behalf.

They differ from other popular managed trading accounts like PAMM and MAM in their method of allocation. Capital is denominated in lots, hence lot allocation.

LAMM accounts will suit hands-off forex traders who want a degree of control over risk – you can decide the number of lots to invest.

Best LAMM Account Brokers In 2024

Following our tests, we gave these 4 brokers the highest overall ratings. They all offer some form of lot allocation through their managed account solutions.

Click a broker for details

1

RoboForex

Go To RoboForex
RoboForex Review

New Customer Bonus Offer $30 No Deposit Bonus

RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.

Ratings

Regulation & Trust 3 / 5

Accounts & Banking 4 / 5

Assets & Markets 4 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 4.1 / 5

Customer Support 4.3 / 5

Research 3.8 / 5

Education 3.8 / 5

iOS App 4.7 / 5

Android App 4.4 / 5

Minimum Deposit $10

Minimum Trade 0.01 Lots

Leverage 1:2000

Regulator IFSC

Instruments CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures

Platforms R StocksTrader, MT4, MT5, TradingView

Payment Methods Visa, iDeal, Trustly, Neteller, Skrill, Giropay, Sofort, Wire Transfer, Rapid Transfer, Alipay, POLi, Perfect Money, MoneyGram, Cashu, SafeCharge, WeChat Pay, Vietcombank Transfer, Volet, ecoPayz, AstroPay

Account Currencies USD, EUR

Go To RoboForex
2

FXDD

Go To FXDD
FXDD Review

New Customer Bonus Offer Available in Mauritius, Labuan, Peru

Ratings

Regulation & Trust 3 / 5

Accounts & Banking 3.8 / 5

Assets & Markets 3 / 5

Fees & Costs 3 / 5

Platforms & Tools 4.1 / 5

Customer Support 3.6 / 5

Research 3.3 / 5

Education 1.3 / 5

iOS App 0 / 5

Android App 0 / 5

Minimum Deposit $200

Minimum Trade 0.01 Lots

Leverage 1:500* Leverage varies depending on the region

Regulator MFSA, FSC, LFSA, SBS

Instruments Forex, CFDs, Indices, Stocks, Commodities

Platforms WebTrader, FXDD Mobile App, MT4, MT5

Payment Methods Credit Card, Wire Transfer, Visa, Mastercard, Neteller, Skrill

Account Currencies USD, EUR, GBP, JPY, CHF

Go To FXDD
3

Grand Capital

Go To Grand Capital
Grand Capital Review

New Customer Bonus Offer 40% deposit bonus

Ratings

Regulation & Trust 2.8 / 5

Accounts & Banking 3.9 / 5

Assets & Markets 3.9 / 5

Fees & Costs 2.5 / 5

Platforms & Tools 3.8 / 5

Customer Support 3.5 / 5

Research 3.5 / 5

Education 3.5 / 5

iOS App 0 / 5

Android App 0 / 5

Minimum Deposit $10

Minimum Trade 0.01 Lots

Leverage 1:500

Regulator FinaCom

Instruments CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options

Platforms MT4, MT5

Payment Methods Wire Transfer, Neteller, FasaPay, Perfect Money, Western Union, RBK Money, Volet, PayRedeem, Debit Card, Credit Card, AstroPay, Paytrust, Bitcoin Payments, Ethereum Payments

Account Currencies USD, EUR, GBP, JPY, CHF, RUB

Go To Grand Capital
4

IronFX

Go To IronFX
IronFX Review

New Customer Bonus Offer Traders can choose between: 100% unlimited Sharing Bonus – minimum $200 deposit. 40% Power Bonus up to $4,000 – minimum $500 deposit. 20% Iron Bonus up to $2,000 – minimum $100 deposit.

Ratings

Regulation & Trust 4.3 / 5

Accounts & Banking 4.3 / 5

Assets & Markets 3.3 / 5

Fees & Costs 3.8 / 5

Platforms & Tools 3.8 / 5

Customer Support 4.1 / 5

Research 4 / 5

Education 4 / 5

iOS App 0 / 5

Android App 0 / 5

Minimum Deposit $100

Minimum Trade 0.01 Lots

Leverage 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)

Regulator CySEC, FCA, FSCA, BMA / Bermuda

Instruments Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)

Platforms MT4, AutoChartist, TradingCentral

Payment Methods Neteller, Skrill, FasaPay, Perfect Money, Bitcoin Payments, UnionPay, Debit Card, Credit Card, Wire Transfer

Account Currencies USD, EUR, GBP, AUD, JPY, PLN, CZK

Go To IronFX

Here is a short summary of why we think each broker belongs in this top list:

RoboForex - RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
FXDD - FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.
Grand Capital - Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.
IronFX - IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.

Best Brokers With LAMM Accounts Comparison

Best Brokers With LAMM Accounts Comparison
LAMM Account	Minimum Deposit	Platforms	Regulators
✔	$10	R StocksTrader, MT4, MT5, TradingView	IFSC
✔	$200	WebTrader, FXDD Mobile App, MT4, MT5	MFSA, FSC, LFSA, SBS
✔	$10	MT4, MT5	FinaCom
✔	$100	MT4, AutoChartist, TradingCentral	CySEC, FCA, FSCA, BMA / Bermuda

RoboForex

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."
Christian Harris, Reviewer

RoboForex Quick Facts

Bonus Offer	$30 No Deposit Bonus
Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
Regulator	IFSC
Platforms	R StocksTrader, MT4, MT5, TradingView
Minimum Deposit	$10
Minimum Trade	0.01 Lots
Leverage	1:2000
Account Currencies	USD, EUR

Pros

RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk.

Cons

RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.

Visit RoboForex

RoboForex Review

FXDD

"FXDD remains a popular choice for experienced traders looking for reliable VPS hosting and automated trading tools. It will also serve any traders familiar with the MetaQuotes software, with both MT4 and MT5 on offer."
Jemma Grist, Reviewer

FXDD Quick Facts

Bonus Offer	Available in Mauritius, Labuan, Peru
Demo Account	Yes
Instruments	Forex, CFDs, Indices, Stocks, Commodities
Regulator	MFSA, FSC, LFSA, SBS
Platforms	WebTrader, FXDD Mobile App, MT4, MT5
Minimum Deposit	$200
Minimum Trade	0.01 Lots
Leverage	1:500* Leverage varies depending on the region
Account Currencies	USD, EUR, GBP, JPY, CHF

Pros

MAM and PAMM accounts are available for those who want to manage trader portfolios and earn commissions
The broker is regulated by various authorities that offer investor compensation and negative balance protection
The broker offers responsive 24/5 multilingual customer support via telephone, email and live chat

Cons

A $40 inactivity fee applies to accounts that have been dormant for more than 90 days, which is much higher than the $10 charged by many competitors
There's a $25 withdrawal fee for payments under $100, which is steep and will impact beginners and casual traders
The broker's market insights section is outdated and trails leading competitors

Visit FXDD

FXDD Review

Grand Capital

"Grand Capital is a good broker for traders familiar with MetaTrader plus passive investors interested in copy trading and LAMM solutions. On the downside, the broker's regulatory credentials lag behind competitors."
William Berg, Reviewer

Grand Capital Quick Facts

Bonus Offer	40% deposit bonus
Demo Account	Yes
Instruments	CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options
Regulator	FinaCom
Platforms	MT4, MT5
Minimum Deposit	$10
Minimum Trade	0.01 Lots
Leverage	1:500
Account Currencies	USD, EUR, GBP, JPY, CHF, RUB

Pros

Fast and easy account opening
Micro account for beginners
Wide selection of payment methods and account currencies

Cons

Basic education and market research
High spreads on some assets
Limited regulatory oversight

Visit Grand Capital

Grand Capital Review

IronFX

"IronFX remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer."
Tobias Robinson, Reviewer

IronFX Quick Facts

Bonus Offer	Traders can choose between: 100% unlimited Sharing Bonus – minimum $200 deposit. 40% Power Bonus up to $4,000 – minimum $500 deposit. 20% Iron Bonus up to $2,000 – minimum $100 deposit.
Demo Account	Yes
Instruments	Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Regulator	CySEC, FCA, FSCA, BMA / Bermuda
Platforms	MT4, AutoChartist, TradingCentral
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)
Account Currencies	USD, EUR, GBP, AUD, JPY, PLN, CZK

Pros

The broker frequently offers trading competitions with cash prizes, as well as welcome bonuses for new clients
Traders get access to the popular Trading Central research tool, which offers automated AI analytics and 24/7 support
Alongside MT4, the broker continues to offer several additional services, including copy trading, a VPS solution, and PAMM/MAM accounts

Cons

It’s a shame that the broker doesn’t offer any additional software such as MT5 or TradingView to give experienced traders more choice
Compared to the leading brokers, IronFX offers a relatively small selection of share CFDs
Commissions start from $13.50 per lot in the zero-spread accounts, nearly double the industry average

Visit IronFX

IronFX Review

How Did DayTrading.com Choose The Best LAMM Account Brokers?

To compile a list of the best LAMM accounts, we looked at several key factors:

We checked brokers offer a form of LAMM account. They are no longer supported by many brokers, who increasingly offer copy trading, PAMM and MAM accounts instead.
We prioritized brokers we trust. Safety and security are key when you are trading, but even more so if you’re trusting someone else to manage your funds. IronFX stands out as one of the few heavily regulated brokers to offer LAMM accounts.
We investigated the fund manager reports available. This is important because the top firms provide access to skilled fund managers with reports that detail past performance, approach to risk and other key metrics, helping you decide who to invest your capital with.
We selected brokers with a low minimum investment, that makes LAMM accounts accessible to beginners. Grand Capital offers one of the lowest account minimums among LAMM brokers, starting from $10.
We evaluated the fees you will pay to invest using a LAMM account, as they partly determine your chances of making a profit and limit the amount you can make. RoboForex offers a form of lot allocation with competitive spreads and a 25% management fee that is charged on profitable positions.
We chose brokers with customer service you can rely on following our tests that considered the coverage, speed and professionalism of support in dealing with our questions about LAMM account conditions.

What Is A LAMM Account?

A LAMM, or Lot Allocation Management Module, allows you to partition capital for a fund manager to execute your orders.

This allocation is done by a set lot size, so the manager cannot access your whole account.

Profits or losses are calculated in line with the lot size you select.

You can see exactly how it works in IronFX’s solution below.

How IronFX LAMM account works — IronFX – Lot Allocation Method

💡

Tip: You can use more than one fund manager simultaneously, helping to spread risk.

How Are LAMM Accounts Different To Other Managed Accounts?

Other popular managed trading accounts include Percentage Allocation Management Module (PAMM) and Multi-Account Manager (MAM).

LAMM is very similar to PAMM, the difference being that in a LAMM account, you specify the number of lots to allocate, whereas in PAMM accounts you specify a percentage of your capital.

In MAM, a single master trader executes trades that are mirrored by all the MAM account holders, though these investors also have the option to set their own parameters and have some control over the account.

Bottom Line

LAMM brokers offer a form of managed account that allows you to provide a set number of lots for a fund manager to carry out trades on your behalf.

LAMM accounts take much of the work and required knowledge out of trading, as you can simply select a manager and let them do the work.

However, there is no guarantee that you will make money and finding a trusted broker with a strong pool of fund managers can be challenging.

That’s why we recommend using one of our highest-rated brokers with LAMM accounts that have been reviewed by our testing team.

FAQ

What Are The Advantages Of LAMM Accounts?

The main benefits of LAMM accounts are that you can spend less time trading and you can leverage the experience of seasoned forex traders, for example.

You also retain a degree of control because you can normally choose how many lots to invest and you can use multiple fund managers to spread risk.

What Are The Risks Of LAMM Accounts?

There is no guarantee you will make money using a LAMM account. This will depend on the skill of the fund manager you entrust your capital with, and the fees you pay.

Also, LAMM accounts are less popular than PAMM and MAM solutions, which are provided more frequently by regulated brokers.