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?
It's referred to as" friends and family" accounts. Usually limited to about 10 I think. With account size limits of 100k max. Haven't looked into it in years.
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.