Is it legal for U.S. residents to manage PAMM accounts?

Is it legal for U.S. residents to manage PAMM accounts?

is it legal for investors living in USA to invest in PAMM accounts?

There are no PAMM accounts available in the U.S. after Dodd Frank. There are only a limited number of brokers offering PAMM services to U.S. residents. However you CAN manage a PAMM account if you are a U.S. citizen. You CAN also invest in PAMM accounts no matter where you are living (including USA)

what company offer PAMM accounts for US residents?

Cryptocurrency posted:
what company offer PAMM accounts for US residents?

FxChoice

If you decide to manage other people's money it is a lot of responsibility. Make sure if you do plan to do this that you let people know of the risks they are taking if you are taking care of money that isn't yours.

leo23 posted:

Cryptocurrency posted:
what company offer PAMM accounts for US residents?

FxChoice

And something else? I like FXchoice but want to compare with others.

Managing a PAMM will most likely fall under regulatory requirements for becoming a registered Commodity Trading Advisor. Its a tad bit of a grey area. Google it.

Assuming the person managing is a US resident.

Forexlovers posted:

leo23 posted:

Cryptocurrency posted:
what company offer PAMM accounts for US residents?

FxChoice

And something else? I like FXchoice but want to compare with others.

It is difficult to find a broker who accepts US clients as well as who can be trusted.

There can be few more brokers claiming to accept US clients or PAMM accounts, but you have to be very careful whether they are trusted or not.

But FxChoice seems to be reliable from my past experience,but I don't trade with FxChoice anymore because of high spread.