DHF Capital and Tauro Markets are expanding a partnership first struck last summer, this time turning their attention to PAMM-style managed accounts pitched at professional investors and wealthier retail clients, the two companies said today (Tuesday).

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Under the arrangement, Luxembourg-based securitization company DHF Capital S.A. will act in an advisory capacity, contributing what it described as market insight and strategic expertise to Tauro Markets' managed account build-out. Tauro Markets, the multi-asset broker licensed in Mauritius and Saint Vincent and the Grenadines, will remain solely responsible for launching, operating, and running the PAMM accounts, the company said.

Bas Kooijman, DHF Capital's chief executive and founder, framed the new phase as an organic progression. "Our relationship with Tauro Markets has developed organically over time, and this next phase reflects a shared focus on strengthening how managed trading solutions are structured and delivered," he said in the announcement.

A Second Chapter for a Deal That Started in the Middle East

The tie-up extends a relationship that went public in July last year, when the two firms announced an initial partnership designed to help DHF Capital push further into the Middle East through Tauro's Dubai base. At the time, Tauro was still a relatively new entrant, having launched in late 2024 with plans to serve both retail and institutional traders across the MENA region.

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DHF Capital, founded in December 2020, caters mainly to professional investors and family offices, running strategies that blend forex, equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, and precious metals. The firm reported a record $1 billion in trading volume for 2024, having executed more than 10,000 trades over the year, according to its own figures. In recent months it has also brought a former Rabobank executive onto its supervisory board and taken in the founders of Dutch investment app BOTS Capital at board level as part of a cross-border distribution deal.

Managed Account Push Lands in a Crowded Technology Market

Tauro is joining a long line of brokers trying to turn managed-account products into a meaningful revenue stream, and the competitive picture is not a blank canvas. PAMM functionality has become standard plumbing for most retail-facing brokers, and the vendor ecosystem supplying it is already well developed.

Moneta Markets rolled out fully integrated PAMM accounts back in 2021, working with technology vendors Brokeree and Panda to build its setup. More recently, Juno Markets upgraded its managed-account stack with FYNXT's PAMM module in early 2025, while FXBO integrated Brokeree's PAMM for cTrader last June, giving cTrader brokers a ready-made solution for shared investment accounts.

Spotware itself added Brokeree's PAMM system to the cTrader ecosystem, broadening the options available to brokers that had previously been limited to MetaTrader-based tools.

DHF Capital's role is closer to strategy consultant than product operator, with Tauro handling regulated execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term.

Alexander-Wilhelm Oelfke, Tauro Markets' chief executive, said the collaboration has become a meaningful part of the broker's product evolution.

"Our collaboration with DHF Capital S.A. has become an important part of how we continue to evolve our product offering," he said in the joint statement. "Their strategic input and market expertise allow us to take a more structured and considered approach to developing managed account solutions."

Tauro Markets operates through Global Tauro Ltd. under a Mauritius FSC license and JM Financial LLC under SVG FSA registration. Its parent backer Synervest doubled its valuation after a $4 million raise in mid-2025.