PAMM Accounts for US Residents

Published on 29/09/2023

If you're US resident or national living abroad, you may have a hard time finding a broker who'll accept you. Here's how to open a PAMM account in 3 steps.

MT4 trading signals

Step 1: Open an account

First, open an account with EagleFX.com, an offshore broker incorporated in the Caribbean island of Dominica. EagleFX accepts US residents and nationals. It also welcomes all trading styles without restrictions. You can open an account and trade in under a minute, without having to provide ID. Identity checks happen later, upon raising a withdrawal request.

Step 2: Fund your account

EagleFX only accepts crypto-currency deposits. If you have none, you can purchase Bitcoin with a credit card or a bank transfer through one of its local payment partners. Your deposit will be automatically credited to your trading account. EagleFX charges no fees on deposits or withdrawals, however, blockchain fees apply.

Step 3: Find a signal provider

Once you've downloaded and installed MetaTrader 4, search and compare providers of trading signals through the MetaTrader Market. You'll find a wealth of information there to help you assess each provider's risk and return characteristics(1).

All providers are available to copy for a fixed monthly fee, usually between US$ 30 and US$ 100 a month, subject to a minimum 30-day subscription period. No additional fees apply. However, you'll need to size your investment accordingly in order to generate a return high enough to generate a profit.

Good to know

The MetaTrader 4 platform can run on Windows and Mac devices. However, signals providers are only available through its Windows application. If this applies, open an account with EagleFX.com to get started.

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Author

About the author

I'm St├ęphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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