> For the complete documentation index, see [llms.txt](https://docs.tradeviewmarkets.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tradeviewmarkets.com/accounts-and-platforms/trading-platforms/copy-trading/multimam.md).

# MultiMAM Managed Accounts (MT4/MT5)

MultiMAM lets a money manager run a forex MAM account: trade one master account and allocate trades to client sub-accounts on MT4 and MT5.

Tradeview's **MultiMAM** is a Multiple Account Manager for MetaTrader 4 and MetaTrader 5. A money manager trades a single **master account**, and the software allocates each trade automatically to the linked **sub-accounts** according to a pre-defined allocation method. Clients keep their funds in their own accounts and give the manager trading authority through a Limited Power of Attorney. The manager never holds client money.

## Who it is for

* Money managers, fund managers, and Introducing Brokers who manage several client accounts.
* Clients who want a professional to trade their account while they keep ownership of the funds and real-time visibility.

## Requirements for managers

1. An existing Tradeview Markets account.
2. An Introducing Broker (IB) account. See [Become an Introducing Broker](/introducing-broker/become-an-introducing-broker.md).
3. More than three active Tradeview clients with funds.
4. A MAM request to your account manager, who provides the MAM credentials and your MAM application link.

## Requirements for clients

1. A Tradeview trading account on the same platform (MT4 or MT5) as the manager's master account.
2. A signed **Limited Power of Attorney** that authorises the manager to trade the account. Clients review, accept, or reject the request in the Cabinet. See [Limited Power of Attorney](/advanced-workflows/limited-power-of-attorney.md).

## How it works

1. The manager places a trade in the master account in MetaTrader.
2. MultiMAM splits the trade across the sub-accounts with the allocation method agreed with the clients.
3. When the master trade is closed, each sub-account receives its share of the result.
4. The agreed performance fee is calculated and allocated automatically at the end of each month.

<figure><img src="https://1464240515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FsUxIYPiScWr2xuS89YX3%2Fuploads%2Fgit-blob-331645ff11647335f7fadebe2288901eb811eb6a%2Fwith-without-mam.png?alt=media" alt="One MAM master account replaces one terminal per client account" width="520"><figcaption><p>One MAM master account replaces one terminal per client account.</p></figcaption></figure>

### Allocation methods

| Method           | How the trade is split                                                                                                      | Notes                                                                                                                                     |
| ---------------- | --------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------- |
| **Equity**       | By each sub-account's share of the total equity.                                                                            | Forex. Open profit or loss changes the shares.                                                                                            |
| **Balance**      | By each sub-account's share of the total balance.                                                                           | Forex. Open profit or loss does not change the shares.                                                                                    |
| **Cash Equity**  | No position is opened in the sub-account. When the master trade closes, the realised result is distributed by equity share. | Forex and stocks. The client cannot close the manager's trade early, and the sub-account cannot be stopped out on the manager's position. |
| **Cash Balance** | As Cash Equity, distributed by balance share.                                                                               | Forex.                                                                                                                                    |

Example with the Equity method: a 5-lot master trade across sub-accounts with 6,000, 7,000, and 3,000 USD equity is allocated as 1.89, 2.19, and 0.94 lots. Rounding remainders go to the sub-accounts with the highest equity.

## Use the MAM Viewer

The **MAM Viewer** is the web dashboard for the master account and its sub-accounts. It is read-only. All trading is done in MetaTrader.

<figure><img src="https://1464240515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FsUxIYPiScWr2xuS89YX3%2Fuploads%2Fgit-blob-0819eda69852eccc3aec09b308b41a540bc58253%2Fmaster-info-client-list.png?alt=media" alt="The Master&#x27;s Information panel with the master orders and the sub-account orders" width="768"><figcaption><p>The Master's Information panel with the master orders and the sub-account orders.</p></figcaption></figure>

<figure><img src="https://1464240515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FsUxIYPiScWr2xuS89YX3%2Fuploads%2Fgit-blob-4c355f627703375ba697f2cf4ddb03fc099c7004%2Fsubaccount-dashboard.png?alt=media" alt="The sub-account view: the account information, the orders and the allocation details" width="768"><figcaption><p>The sub-account view: the account information, the orders and the allocation details.</p></figcaption></figure>

1. Open [mamviewer.tradeviewforex.com](https://mamviewer.tradeviewforex.com/).
2. Enter the **Login** (the MT4 or MT5 master account number) and the master account **Password**.
3. Select the **Account Type**, the **Platform** (MT4 or MT5), and the **Server** (Live or Demo).
4. Select **Login**.

The viewer shows:

* **Operations** – the master account's trades and their allocation.
* **Account's Information** – for each sub-account: Login, Account's Name, Leverage, Currency, Balance, Credit, Equity, Margin, Free Margin, and PnL.
* **Sub Account's Orders** – each allocated order with Login, Ticket, Linked Ticket (the master ticket), Open Time, Type, Volume, Symbol, Open Price, S/L, T/P, Price, Commission, and Swap.
* **Allocation Details** – the Client Group and the Allocation Type of the sub-account.

Clients can follow their own account in MetaTrader with their normal login, or with the investor password for a read-only view.

## Fees

Fee terms are agreed between the manager and the client and recorded in the Limited Power of Attorney: a management fee, an incentive (performance) fee percentage, and the period. Tradeview's MAM calculates and allocates the performance fee automatically at the end of each calendar month. A high-water mark applies by default, unless the manager and the client agree another setup.

{% hint style="warning" %}
A manager trades the client's account at the client's risk. Clients should read the LPOA, the fee terms, and the allocation method before signing. A client can revoke access from the Cabinet at any time. Revocation is subject to processing and does not affect trades already opened. Tradeview services are not offered in the United States or to US Persons.
{% endhint %}

## Platform notes

* Forex and CFD MAMs run on MetaTrader 4 and MetaTrader 5.
* Equity MAMs are enabled on MetaTrader 5.
* Futures money managers are supported through MetaTrader 5 and CQG Desktop. Contact the futures desk for details.

{% hint style="info" %}
The MAM is a Tradeview product. Brokers interested in Tradeview's technology can read [Vulkan](/accounts-and-platforms/trading-platforms/vulkan.md).
{% endhint %}