Australia is a country that is home to many forex & CFD brokers, and that includes the so-called PAMM forex brokers. Short for percentage allocation management module, PAMM brokers in Australia allows traders to have their trading accounts managed by other traders, who are typically selected based on their successful track records.
Following regulatory changes in 2021, Australian PAMM forex brokers now offer traders the same level of leverage as is common in Europe under ESMA rules. This means that a leverage of 1:30 is the maximum allowed for major forex pairs as long as the trader is classified as “non-professional.”