PAMM Forex Brokers in the UAE

In the UAE, PAMM forex brokers and other companies offering financial services are generally regulated by one of the many regulatory agencies that are responsible for overseeing the financial sector. Most often, forex & CFD brokers are regulated by the Dubai Financial Services Authority (DFSA), but they could also be overseen by the Dubai Multi Commodities Centre (DMCC) or other organizations, depending on the specific circumstances.

PAMM brokers are unique because they allow traders to have their trading accounts fully managed by a third person, in a similar way to how one could invest in a hedge fund. A great benefit with a PAMM account is thus that even totally inexperienced traders can make profits in the forex market by having a profitable trader manage their account.