Stay informed with the latest insights in fintech, trading solutions, and market trends.
PAMM (Percentage Allocation Management Module) trading is legal in most major jurisdictions when your brokerage holds the permission that matches how the program actually works, usually portfolio management and sometimes fund management. The legal risk is misclassification, not PAMM itself. CySEC, the FCA, ASIC, and the DFSA all expect the same 5 investor protections before a pooled account goes live.
Regulators don't audit a CRM's feature list. They audit the actual records: who changed what, when, with what authority, and whether it was approved. This ranks FYNXT, B2Core, Syntellicore, and UpTrader on six specific audit trail features against that standard, not against generic marketing claims.
MetaQuotes has not issued new direct MT5 white label licenses to first-time applicants since around 2022, and trade press still reports the restriction in 2026, though MetaQuotes itself has never made a public statement on it. Brokers already licensed are unaffected. New brokers have three realistic paths forward, covered below.
Join leading financial institutions worldwide that trust FYNXT to power their digital front office. Get started today with a personalized demo.