Managed Forex Accounts

The Best Managed Forex Accounts for UK residence are available in a large section of Managed Forex companies. It’s great to be living in the UK as we’re able to open Managed Forex Accounts. Our Managed Forex team in the UK will show you how to find and select some of the top Managed Forex companies in the UK. You will make money if you select the proper Managed Forex companies. Today I will show you how to open a Managed Forex Account with some of the best London UK providers. Click here to view one of our top Managed Forex Firms.

Managed Forex UK mot only accepts UK citizens, but they have a large client base filled with satisfied investors.

So why are managed forex accounts expanding in popularity? Well the easy answer is that why waste your time monitoring the markets all day when you can just hire a professional Forex Trader to do all the trades for you. He/She is already inside managing their own account to great heights and when you opt into a Managed Forex Account program it’s essentially the same a Copy Forex Trading Account. Many Forex Money Managers trade hundreds of accounts and they either run it through a MAM/PAMM system offered by the broker for this specific task, or their use their own copiers.

Why Invest into a Managed Forex Account in the UK in London?

1. When it comes to Forex Trading, it’s commonly known that you can generate a significant amount of money in a very short period of time by using high leverage offered by offshore brokers. A Managed Forex Account can typically generate anywhere from 2-50% monthly returns while some of the most secure and consistent Managed Accounts typically produce about 8-12% on a monthly basis. This means if you start with a $25k account and reach the 10% monthly target, if you compound this account and never withdrawal funds, after 60 months, that 25k will upwards around $7 million dollars.
2. Secondly, for many investors that are starting off small with say $5000 accounts or even less, 10% would equal to about $500. This means you would working 8-12 hours a day monitoring the account for a small pay check of only $500. It would make more sense to focus on working 9-5 while you have a professional Forex Trader growing your account while you’re focused on generating additional revenue.
3. Thirdly, any investors and even traders like the idea of passive income while working on additional streams of income. It makes sense to leave the account up to a professional with a proven track record to keep producing rather than wasting your time with trial and error.
4. In Summary: Managed Forex Accounts are an excellent investment for investor in the London UK area. But because of UK regulations, it’s best to open an account with an offshore broker like HugosWay.com

There are many reasons why UK investors find managed forex accounts so attractive. I like the idea of investing $25k for it to turn into about $7 million by year 5.

Currency trading is probably one of the most lucrative businesses in the world but you need to know how to effectively trade with proper risk management

Which are the Best UK Managed Forex Accounts

From my experience, I love working with a company called LEFTURN, their website is https://manage.forex

Why I like them so much? Well it’s because I’m allowed to open a Managed Forex Account with any broker I trust. Some Managed Forex Programs want you opening an account with their broker to run through a MAM setup.

When it comes to analyzing performance statements, sure monthly returns can look attractive, but what’s most important is understanding the strategy whether they use stop losses, hedging approaches, etc..

I always like watching traders for several months before deciding if they strategy or program is well fit. It’s very important not to register with traders that use grid or martingale in their strategy as those techniques only work in small ranges and consolidation phases. If those ranges get bigger or turn into a full blown rally, if the trader doesn’t intervene with hedges, that martingale/grid approach could wipe out your entire account. So find traders that don’t use martingale or grid

Work with Best UK managed forex account providers:

You might think that Managed Forex Accounts are only for beginners or investors that have little time to monitor the market. This is far from the truth.

If you’re living in London UK and want to invest in a Managed Forex Account with the best traders, you need to know how to do proper due diligence. Unfortunately, in this business there are alot of fake or wannabe traders that can’t actually trade. It’s very important to never give any money directly to a Managed Forex professional but rather open a separate account in your name and have the trades copied.

The best way to get involved in a Copy Trading or Managed Forex Account program with the best traders is through Copy Trading programs. This means you open the account in your name with your broker of choice and connect your account via the copier or MAM structure.

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Looking to start off on your forex trading journey? Did you make a checklist of all that you need to do?

Reports suggest that 96% forex traders make losses and end up quitting for various reasons like indecisive trading, mismanagement of risks and unfamiliarity with the market. You wouldn’t want to go alone. know that forex trading can be risky. Know that forex trading can be risky. Do not jump into the forex trading market with money you cannot afford to lose. Apart from the technicalities, you need someone who is able to manage funds for you.

Your checklist, for instance, needs to include who you want to set up an account with. Under the strict regulations and complex legalities in the United States, though it is not simple to find a genuine broker.

Utilizing a managed account from a trusted forex trading company can help you avoid the pitfalls and earn better returns. You also have more chances of keeping your loss to a minimum as you are guided by a forex expert experienced in trading.

WHAT ARE MANAGED FOREX ACCOUNTS?

The foreign exchange market allows its members to trade–buy, sell or exchange–currencies. Participants may include commercial companies, investment management firms, banks, investors, and brokers. Managed Forex Accounts are an opportunity for those who can afford to take serious risks in the forex trading market.

Forex Managed Accounts for US citizens involves trading currencies in the forex market using professional assistance. Investors choosing this method are optimistic to win unusually large profits but are also aware of the severe role of losses.

WHY GO FOR MANAGED FOREX ACCOUNTS?

Unlike equities, forex trading focuses on the rise and fall of one currency to the others. Forex trading offers its members exposure to an asset class much different than traditional methods of trading. Those engaging in such trading are looking to hedge risks or recognize the significance of cost shifts in different markets.

Speculators open typical forex accounts and attempt to trade based on their judgments and speculations. The downside to this is it can be dangerous to your funds. Without proper knowledge, forex trading marketing can swallow all your cash. For this purpose, companies like Traders Cap offer Forex Managed Accounts for US citizens. Using professional services let you skip eventual losses faced by inexperienced traders. It also improves the chances of getting the hoped-for returns.

You can also avoid costly beginner’s mistakes and begin trading like a pro with the professional guidance of a forex expert.

WHO SHOULD OPT FOR MANAGED FOREX ACCOUNTS?

Managed forex accounts are ideal for investors that possess funds but lack the time or experience for forex trading. It is most adequate for those who wish to minimize risks by seeking professional assistance to handle their capital.

A forex account is an idyllic choice for individuals or organizations wanting to expand in the forex market without being actively involved. It proves beneficial for inexperienced traders who want to benefit from the experience and resources of a professional. In short, a managed forex account is where the capital is yours but not the decisions to buy or sell, which are taken by forex experts who manage your accounts.

So you can opt for managed forex accounts if you-

ü  Don’t have the required experience in forex trading

ü  Lack time and opportunity to manage your investments

ü  Want to lower the risks involved in forex trading

ü  Looking for sound investment decisions

ü  Want to lower your risks as much as possible

ADVANTAGES OF FOREX MANAGED ACCOUNTS

Managed Forex accounts offer multiple benefits to investors who are looking for better returns. A managed forex account may generate a decent return of 4 to  5 for investors. With the best funds, this rate rises to 5 % to 20 % every month.

These accounts also have a maximum drawdown limit that stops trading when the limit crosses. We understand that as an investor you look for the best opportunity to have great returns. We have years of experience backing us, and opening a Managed Forex Account takes just a few clicks.

Here is a look at all that you can get when you open an account with us.

DEDICATED FOREX ACCOUNT MANAGERS

You will have a professional manager in charge of your account who makes the trading decision on your behalf. The manager will charge a fixed fee or part of your profit for his services- which means he will always act in your best interest. As a result, your chances of profits become higher.

GREAT RETURNS

The prime objective of any investment is to generate a return in the form of profits. Managed forex accounts have greater chances of generating profit as they are managed by experts.

FLEXIBLE PROFITS

Forex accounts always have the possibility of turning around. Either way, a good professional knows their way around the market. Even if one trade doesn’t turn out as per expectations, you can always look forward to earn in other ways. 

SKILLED ASSISTANCE

It is a passive investment requiring minimal inputs or efforts from you. We will take care of everything and keep you in the loop about any updates or development.

RISK MANAGEMENT

Huge risks accompany forex exchange. Inherent risks can be reduced by involving risk control measures available in a managed forex account. Someone who is experienced and has exposure to forex market can help you manage your risks successfully.

CONTROLLABILITY

Some believe that the account’s security is compromised since the manager has access to it. However, this is not true, and you are in complete control of your Managed Forex Account. You will always have the upper hand and be able to give directions to your account manager whenever needed.  

INVESTMENT ON-THE-GO

Forex Managed Accounts are known for their high liquidity. Investors can withdraw investments at any point time. You don’t need to have your funds locked down for any fixed period of time.

TECHNOLOGICALLY-DRIVEN

Managed forex accounts nowadays use artificial intelligence-powered solutions and software to cut risks and make accurate forecasts. 49% forex traders feel AI enhances decision making. 62% traders believe AI improves trade execution, while 68% use it for meaningful data analytics to make informed decisions.

SAVE TIME AND EFFORT

You can save a significant amount of time by trading through a managed forex account. The time you save can be spent on growing your career, finding profitable investments and engaging with family and friends.

HOW TO JOIN FOREX MANAGED ACCOUNTS SERVICES

Setting up a Forex Managed Account is quite simple. But before getting started know the two types of ManagedForex Accounts, they are:

INDIVIDUAL ACCOUNTS

A broker handles the investments individually. They make decisions for each account belonging to individual investors rather than a pool of accounts.

POOLED FUNDS

Your capital is put in a mutual fund asking with that of other investors. These investments are categorized based on risk tolerance. Traders looking for higher returns may put their money in an account with a higher risk/reward ratio. Similarly, an investor wanting a steady income may do the exact opposite.

All set?

Now let’s see how you can put the type of account you just mentally pictured into action.Follow the steps given below and you will have a fully functional managed forex account in no time.

4 STEPS TO JOIN OUR MANAGED FOREX ACCOUNT FOR US RESIDENTS 

OPEN ACCOUNT WITH REPUTED BROKERS

Open an account by registering here. If you already have an account with a broker, contact us and we will inform you of the path to take.

For new members, register for an account and continue with the next step.

FUND YOUR ACCOUNT

Invest any amount of your choice to the account to help us begin the trading process.

SEND US TRADE ONLY ACCESS

Grant us the necessary permissions to make decisions on your behalf.

ENJOY TRADING

That’s it!

Now sit back and watch us generate tremendous returns for your investment.

FREQUENTLY ASKED QUESTIONS 

Here are some common questions people usually ask. 

 DO YOU OFFER  MANAGED ACCOUNTS FOR US CITIZENS?

Yes, we offer forex managed account for the US traders or Residents.

   DO YOU TRADE FOLLOWING THE FIFO RULE?

We trade both in FIFO and Non-FIFO brokers. We have a separate department for trading with FIFO restricted broker. Due to regulations, US regulated broker brokers must maintain FIFO (First In First Out).  However, there are some offshore brokers who are doing a great job with reputation. Many US traders are trading with them for the flexibility of trading.

DO YOU OFFER MAM FACILITIES FOR US-BASED TRADERS?

We offer MAM account facilities for both US and Non-US traders. To join our MAM account, You may open a trading account here.

WHAT IS THE INVESTMENT MINIMUM?

The minimum amount to invest is 25K. However, if you open a trading account with the following broker, you may even start with 10K. 

THE BOTTOM LINE

A Managed Forex Account allows you to set objectives which the manager strives to complete. Never put your money into an account on a sketchy brokering website. Ensure that the broker you selected is well-reputed and capable. Take time to research your broker, read reviews, and evaluate past performances to make sure your money is in safe hands.

 Feel free to try different forex managed account services before settling for the best i.e. Traders Cap. With our Call to Action feature just around the corner, we assure you that your returns will be higher than your expectations. For details on the pricing or any other queries, call or write to us and we will happily oblige.

Given below is a list of factors that you should analyze carefully before choosing a funds management company or managed forex account:

• Partner brokers where you deposit money should be fully regulated by a credible regulatory authority such as FCA, ASIC, NFA, and Cysec etc.
• Smooth returns
• Experienced trading team
• Presence of quality customer support round the clock
• Effective money management
• No restrictions on withdrawals

Managed Forex Account is not a good choice for people having controlling or dictatorial personality because such people want their full involvement in their trading accounts. However, managed forex account is most appropriate for investors who are risk-takers and they have enough patience to allow other professionals to manage their investments through established trading methods. Managed Forex Accounts are best for the following types of investors;

You are busy and cannot monitor markets

Many people are so busy with their life schedule and office routine that they don’t have the time to monitor financial markets. Family and career obligations can distract and divert intention while paying full-time attention to forex trading accounts. It is very appropriate for busy people to use the services of a good funds management company such as Managed Forex.

You are an emotional trader

If you are an experienced trader then you must know about the sufferings of traders and investors. Moreover, experienced traders also know about the emotions that can result in losses. This type of emotional traders also knows about their limitations as forex accounts do not guarantee them profit every time. Finally, we can say that emotional traders must employ a trading professional if they are not comfortable with carrying out forex trading activities themselves.

You lack the knowledge and/or experience in the financial markets

Finally, if you lack experience or knowledge of financial trading, then managed forex account service is an ideal choice for you. You can take advantage of professional trading team having over a decade of trading experience. All you need is to invest your capital and let Forex92 work day and night to generate steady profits.

Investors always look for best investment opportunities, sometimes they need to take the serious risk associated with a specific investment opportunity in order to have great returns. Imagine, what if we let you know an investment opportunity where investment and inherent risk both are low but returns are just awesome. Well, we refer to a managed forex account. To give you a clear idea concerning how a managed forex account actually works, we have listed some benefits of opening a managed forex trading account below.

Hassle-Free Profits

The reason why people invest their money is to generate a return in form of profits. No doubt, investing in the right opportunity can bring you a lot of money. However, you sometimes need to be extra vigilant before investing your money. A managed forex account is one of the best investment opportunities you can invest your money in. A managed forex account opened with an investment of as low as $10,000 can bring you a profit of 20%-30% each month. For those who wish to have more returns may consider investing more, and you will be surprised to see some astonishing returns on your investment that might fall anywhere in between 20% to 40% of your investment.

Smooth Profitability

Managed forex accounts are flexible and generate smooth profits in the long. You don’t have to worry about rising or falling prices. Our traders at can make money in any price trend e.g. by selling an asset in downtrend market while buying an asset in an uptrend market.

Passive Investment

Forex trading on your own might not be suitable if you are inexperienced as you might lose all or part of your investment in high volatile markets. Forex managed account could help you overcome this issue. All you need is to open a managed forex trading account with and start receiving profits each month. On the other hand, if we talk about self forex trading then you must have a lot of knowledge and experience in the forex industry, otherwise, it might not work for you. Sooner or later, you will lose your investment due to emotions or overtrading. So why to take the risk? All you need is to use funds management services.

Effective Risk Management

As mentioned before, there is an increased risk involved with self forex trading. However, this risk can be reduced to a minimum level by opening a managed forex trading account with Forex92. It is a fact that forex trading involves inherent risk which most traders are usually concerned about. Good funds management companies always trade with effective risk management strategies. We at, for example, do not risk more than 2%-3% of the client’s capital on a single trade. This can be a little higher in big investment accounts. Similarly, we at try our best to close each profitable trade with at least 1:2 risk/reward ratio – that ensures smooth profitability in the long run.

Controllability of Your Funds

Often managed investors misunderstand forex accounts because they fear their funds’ security is compromised as they will be required to share the login details of their trading accounts. This is, however, not an accurate perception. A good forex management company such as never asks for the credentials of your trading account. Also, there is a universal rule in the forex industry that withdrawals are processed to the same payment method used to fund a trading account, proving nobody can withdraw funds from a broker at any cost.

Immune to Manipulation

As a matter of fact, forex trading is considered difficult to manipulate, unlike the stock exchanges, due to its whopping size and volume. Forex exchange market is a decentralized market with a daily trading volume of more than 5.3 trillion USD. It is impossible to manipulate such a big market. So investors don’t have to worry about artificial crashes and similar uncertain situations.

Highly Liquidity

Managed forex accounts are much appreciated by investors all around the world because of being highly liquid. You can withdraw your investments anytime without any prior notification. With managed forex fund, you can have your money back in your bank account within 24 hours, unlike other forms of investments such as property leasing or business investment where you need to wait as long as the best offer is received.

Leverage

Leverage represents the level up to which a trader is allowed to have market exposure. For example, you open a trading account with a forex broker by investing only $500. If your broker allows you the leverage of 1:50 then it means you could trade volume worth $25OOO. This allows you to generate even higher profits. While high leverage is risky, but professional traders can use it to multiply their profits. Our seasoned traders of Forex92 also use leverage with great caution and make sure that it only benefits our customers.

Round the Clock Trading

Forex trading never observes a stop since the trading sessions, including London, Sydney, New York, and Tokyo, keep running parallel to each other, therefore, our team of traders at trade forex throughout the day. We help you make profits while you sleep.

Forex Trading has been around for a long time and in the present day, it continues to grow and comes to be one of the best money-making ways.  Forex managed account performance UK offers financial opportunities to thousands of people from the various places in the world. As it continues to grow and control, various trading processes were being improved and many managed Forex accounts good results forms at the present exist. These flat forms are actually helpful for those people who are joining in the Foreign exchange market. Apart from the flat forms available, one more improvement made for the Forex market is the accessibility of the Managed Forex Account.

Managed Forex Accounts Good Results

Saving of Time – Forex managed account is right for those individuals who wants to spend in the Forex market yet, don’t have the sufficient time to closely watch the market, make a contract and earn. To be positive in the Forex market, you must to spend some time to read the news, study the tendencies and accomplish the buying and selling tasks.

Expert Account Management – In a Forex managed account, an expert Forex account manager will be managing your account and asset. The manager will join in the Forex market and will produce profit. Though, the ownership of the account leftovers to you.

Forex managed account performance UK

Although Managed Forex account offers convenience and permits you to earn even if you don’t have sufficient knowledge about the market, the method is not an assurance that you will gain profits based on your asset. The result of your invest actually depends on the professional manager who is responsible in managing your money. Hence, to exploit the Forex managed account performance, it is advisable to hire the expert manager from financial institutions rather than separate money manager.

Hence, when you spend in the Forex market, you have to assume two outcome choices – either you will gain profit and come to be wealthy or lose the whole thing that you invest. You have to organize yourself for any of these outcomes particularly if you are still new in the market. So as to avoid bankruptcy, only invest the amount you are eager to lose, just in case the expert manager failed to manage your account appropriately. This condition seems difficult to happen because of the proficiency of the manager. Though, it is still better to be prepared when the condition comes see our Forex managed account performance UK.

In the Foreign exchange market, self-trading could be a tough venture mainly if one is new to the market. Thus to be a successful trader, one must follow the movement in the marketplace for 24 hours every day, all through the years and even months. Many Forex investors don’t have the much-needed time, and experience to trade above the average level for them to produce a substantial movement of profits. Various Managed Forex accounts good results are given. These kinds of accounts were produced for big-time Forex investors who have sufficient capital who don’t want to trade themselves for some causes. The managed Forex account aids to hold your trading position. Such accounts permit traders to deposit and trade in different currencies.

Traders who take benefit of managed accounts like the ones offered by ForexSQ will smile while calculating reliable gains. They can appraisal their profits and targets based parameters like goals, returns comparative to time and risk tolerance. Provided managed Forex accounts good results decrease the risk of trading amongst novice traders whereas new applicants into the volatile Forex market but helps to improve their monthly and daily returns. Given the chance of losing your total investment, assumption in the foreign currency market should only be led with funds you consider risk capital, which if missing, will not considerably affect your financial condition. If you have involved in only conservative forms of investments in the previous, you should consider whether currency trading is appropriate for you before following an investment of this nature.

The option always remains that you could withstand a total loss of all funds while you trade spot currencies, currency options or some other currency derivative, should the market relocation against your positions. If you do select to trade in currency options, spot currencies or other currency derivatives, you should recognize that the funds you have committed are morally risk capital and that loss of your investment will not risk your style of living or detract from your future requirements. In addition, you should fully recognize the nature and risks related with currency investments, that the probable risk of loss is very high, and that you are eager to accept full concern for your decision to trade in the currency marketplaces.

There are plenty of good forex account managers out there but don’t go on suggesting research about the managers and their trading strategy. You can read reviews of the managers as well on trusted forums klike LEFTURN and FXstreet etc you can take the help of youtube as well. Then you can discuss the profit sharing requirements with them and open MAMM or PAMM accounts wiith them. Some brokers who offer PAMM accounts are : Turnkey Forex and Hot Forex.

Account Management is a better Option for traders who have no Time to punch or handle trades or Else Trading Time Issues. I think Forex Account Management is a good Option for Forex traders who wanna make Really Good profit on a daily basis. They only have to invest money for a particular time and One of Account Manager will take care of that account and it’s his/her responsibility to make that Account in Profit. It will be possible if you give that account in Right Hand. I mean to say before giving that account you have to Make Sure that Account Manager has Good Technical and Fundamental Knowledge and also have Skills and Experience in Forex Market,

Here I have One of the best Contact of FOREX ACCOUNT MANAGEMENT. It belongs to One Of Researcher Firm. They have a Team of 30+ Highly qualified CMT(Chartered Market Technician) Experts. They provide trading Assistance in Forex Comex & World Indices By analyzing the market on Technical & Fundamental Basis. The tips which are provided is been analyzed by our research team on the Technical & Fundamental levels and then a proper Entry level Target and Stop Loss is provided.

A managed forex account has many advantages, but do not think for a moment that you do not have to understand the forex market and all of its nuances. In order to review ongoing performance, you, too, will need to monitor market conditions. When volatility is high, fund managers tend to make better gains. If central bankers are having a high degree of influence on the market, then returns may be mixed across the board. Luck may have a lot more to do with both success and failure under these circumstances. The general rule of thumb when assessing the performance of a forex account manager is to use a two-year time horizon for comparative purposes. Volatility, political turmoil, and economic events typically average out over two years. When you do have review meetings with your account manager or receive your reports from the pooled fund, you will want to appraise them with a critical eye, aided by your own knowledge of the market and what fair expectations might be. If you are not satisfied, do not waste any more time. Make a change. After all, it is your money. You have the final say in all matters.

Forex account managers tend to manage large amounts of capital and avail themselves of the most efficient ways to access the market. As a result, their transaction fees and spreads may be extremely low and tight, a benefit that most firms will pass along to your account in deference to what are called “Performance Fees”. These fees can vary across the map, depending on the type and risk profile of the chosen fund. The range could be as great as 10% up to 35% and higher. These rates are applied according to a principle known as the “High Water Mark” protocol or “HWM”. Each month, your beginning balance is your HWM. If your balance at the end of the month is higher, then the rate, say 30% for example, is applied to the profit and deducted. The remaining “net” balance becomes your new HWM for the following month. If you incurred a loss, then your previous HWM remains until the loss is recovered. Some managers may also charge an account management fee or a “Claw Back” fee based on some agreed-to formula. You should also check the small print related to distributions. “Lock Up” periods may apply, or distributions may only be processed as of the end of each month. These forced delays are necessary for the manager to unwind any positions in an effective manner. There may also be termination fees, if you decide to transfer your entire balance at any point in time.

For an individual account, you will have a dedicated fund manager by choice, but in a pooled approach, there may be a team of experts that manage the trades. Do you want to depend on one expert or a group of experts? There are advantages and some disadvantages to each approach, but you will have to specify the degree of risk that you are willing to tolerate to obtain a specified level of return. These risk options may be defined by ranges of expected results, and performance fees may also vary by level of risk. The manager or fund may also employ specially programmed “robots” to achieve its objectives, as opposed to manual trade driven practices. If you want aggressively high returns, you may have a better chance at those with a single manager. Groupthink tends to offer more conservative and consistent returns over the long haul.

This approach to account management may go by the name of PAMM, LAMM, or even MAM, but each approach uses sophisticated software to allocate gains, losses and fees on an equal percentage basis to each client. These concepts are relatively new and offer another level of fraud protection since you are still dealing directly with your traditional forex broker of choice. Your broker enlists the professional trader, and you execute a Limited Power of Attorney agreement with the trader, which allows him to trade on your behalf. If you are unhappy with performance at any time, then you may terminate the arrangement. There are no “lock up” periods, so to speak. LAMM software also allows leverage to vary by account, and MAM software combines the benefits of both approaches. Prior to the advent of this software, brokers offered (many still do) systems that allow you to “mirror” trades of a chosen expert or select traders to replicate from a “social network” provided by your broker. In all cases, you are dealing through your broker in a transparent mode of operation.

This account is exactly what it sounds like – a separate account in your name where a professional trader makes all of the buy/sell decisions on your behalf. His decisions will be based on the level of risk that you feel comfortable with, a topic that will be discussed at the outset. The one drawback for this type of account is that you have to make your business worthwhile for the expert to devote his time to it. For this reason, there may be a minimum deposit requirement that exceeds $10,000. If this level of commitment is a problem for you, then you may want to consider the other two account types. Fees will be customized, but assessing performance expertise will be difficult. Prior returns will be cited, but there will be no way to confirm them. Client testimonials may help.

Managed forex accounts enable you to invest funds through a skilled forex trader. This trader will not only provide you with access to the multi-trillion dollar market, but will also place trades for you. This is not only going to save you a lot of legwork, not to mention research and planning – but will also save you a lot of time and stress.

If you are a beginner to forex trading then this is all the more reason to choose a managed forex account. Learning the financial markets can take years to perfect, what with all of the technical analysis, stats and detailed price charts to make sense of.

A managed forex account accelerates you into the world of forex trading without you having to do much at all. You don’t need to worry about placing trades or timing the market – all you have to do is deposit the minimum investment value as stipulated by your broker. Now all you have to worry about is deciding which trader to choose to do your bidding for you.

The trader will, of course, require a cut. After all, it’s their hard work and skill-set that is helping you acquire those gains. The percentage will vary from trader to trader, and we’ve found that generally speaking, it will be between 10% and 50%.

When it comes to forex trading, or as a matter of fact any trading – there are no guarantees. Nothing is risk-free. You might find a skilled trader with decades of experience who charges a high commission fee. With that said, paying 40% instead of 10% for a slightly less experienced trader won’t guarantee you more gains.

The worldwide web is spilling over with broker platforms offering managed forex accounts, and so you will notice that most of them promise great results. Whilst we realize that it’s important to be confident in what they’re ‘selling’ so to speak, the fact of the matter is that there is seldom any evidence from these platforms to back it up.

It’s just not how trading works, and no one has a crystal ball. Look for skill, reputation and results by all means. But, take promises of overnight success with a pinch of salt for the sake of your wallet.

A managed forex account is a trading account whereby the owner of the account deposits funds and allows an account manager the right to trade on the owner’s behalf. While the goal for having an account manager is generally to alleviate the owner from getting involved in trading related decisions, nevertheless, having a good understanding of how the forex market works and the dynamics involved are very helpful in attempting to identify a suitable account manager.

The forex market can be especially unforgiving in that the underlying volatility and extreme movements sometimes seen in the market can literally wipe out an overleveraged trading account with a surprise news event or economic data release. Without a basic understanding of how the Foreign exchange market works, a person would be challenged in selecting a managed account executive. A certain depth of knowledge of how the forex market reacts and operates can be advantageous in a search for the right account manager.

With a good understanding of the market dynamics, the owner of a trading account can have a clearer idea whether another person could do a better job trading the market than they could themselves. Opening an account with a competent forex account manager is not only potentially useful for trading novices, but it could be an ideal solution for an investor familiar with the market, but that knows their limitations as a trader and prefers that their trading be handled by a professional.

Unfortunately, most people that open managed forex accounts seem to have little to no background or experience in the forex market. Therefore, they have a hard time making an informed decision when it comes to selecting the right account manager appropriate for their unique situation.

Basic Forex Investment Concepts

FX investing seems to be something of a misnomer, since an investment generally involves placing money with the expectation of receiving a return on the investment. Holding a currency pair can offer a nominal return in the form of the swap points that reflect the interest differential between the two currencies.

Nevertheless, an expected return — such as in a stock dividend, an interest rate on a certificate of deposit or a coupon payment on a bond — does not otherwise exist in the forex market. Aside from engaging in hedging activities against some form of currency exposure, trading in the forex market would be better described as speculation than traditional investing.

Every transaction made in the forex market consists of simultaneously buying one currency and selling another at a certain rate of exchange, where traders effectively use the currency that is being sold to purchase the other currency. This leaves the trader with a long position in one currency for which an interest rate is received, and a short position in the other currency for which an interest rate is paid. The difference between these interest rates is known as the interest rate differential and is used to compute the rollover swap points that a trader either receives or pays away to hold their position overnight.

These two interest rates are set by the central banks of the countries where these national currencies originate. Rolling outstanding positions over is an obligation that traders need to meet every day in the forex market. While interest rates have been historically stable at quite low levels in the developed world over the past decade, they can make an enormous difference in the valuation of currencies and can affect forex positions as they start to rise and perhaps even become more volatile.

The Pros and Cons of Letting Others Manage Your Money

An important advantage of letting someone else manage your money, is that it allows you the freedom to use your time to engage in other endeavors. A person that has a career or is involved in another business that cannot deal with the day to day trade analysis, execution and other activities required for effective trading in the forex market, can be an ideal candidate for opening a managed account. By hiring another individual to manage their personal forex account, the owner of that account does not have to personally deal with the decision processes and challenges of day to day trading.

On the negative side, only you have the motivation to treat your investments and positions with the utmost care. Having a professional manage your funds means that they may not pay quite as much attention to your money as you would yourself. Also, you do not benefit from learning how to trade the forex market if you have someone else do it for you.

While account managers typically use online foreign exchange brokers to trade under a managed forex account agreement, the owner generally is not allowed to trade their own funds in the same account. Once the funds are placed into a managed forex account, certain conditions, which are set forth in the agreement, may limit the owner’s access to their funds immediately. In addition, some management firms will charge a penalty for early withdrawal of funds, as well as a percentage fee that depends on the profits generated by their trading activities. 

Another major consideration when researching fund managers, is how secure will your funds be? Make sure that whichever broker you and your manager choose to hold your deposit in is fully regulated by a major regulating agency such as the CFTC or the NFA in the United States or the FSA in the United Kingdom. Due to some fraud that exists in the field of managed forex accounts, those interested in investing their money in such ventures need to be especially wary of companies domiciled in places like the Russian Republic, the Bahamas, Panama or other regions where a major regulating body is non- existent.

Also remember to beware of companies or individual traders that offer unusually high returns on managed accounts. Typically, these types of managers may be taking excessive risk in order to achieve such high advertised returns. An investor should always look at risk adjusted returns, rather than absolute returns. Make sure to research what other companies offer and decide for yourself what seems like a realistic return to expect based on the risks you are willing to take.

How Managed Forex Accounts Work

As we have discussed, Forex managed accounts involve having an experienced forex trader with an established and profitable track record enter trades in an account that you own. This trader is usually not able to make deposits into or withdraw funds from your account, but you do grant them a limited power of attorney or LPOA to execute deals in your account on your behalf.

This power of attorney agreement allows a forex account manager to trade your money in a transparent manner. Not only do you maintain full control over your account, but you can also check the account balance whenever you like, get a full breakdown of all trading activities, and adjust the account funding as desired. Such LPOA agreements can also generally be revoked if you wish to no longer use the services of a particular forex account manager.

Before selecting a particular forex managed account provider, you will want to look over the various fee schedules they offer. These are typically free of commissions but do usually include a substantial incentive fee for the manager that might vary between 20 and 30 percent of the net profits they generate in your account. There might also be different incentive fees depending on the minimum account balance you are able to maintain.  

To move ahead, you will first need to feel comfortable with the concept of managed forex accounts and the fee structure offered by a particular account manager or provider. At that point, it makes sense to see what managed forex account options are available, since most companies will offer a selection between several different account types.

You will want to open an account at a reputable broker that is compatible with and meets with the approval of the forex account manager you have selected. You will then need to fund the account with enough money to qualify for the fee schedule plan you wish to participate in.

Discount or Full-Service Brokers for a Managed Forex Trading Account 

In addition, with your managed FX account, you will want to select among the two basic types of broker: either a discount broker that just executes deals in your account or a full-service broker that provides extra services, like market advice or additional trading tools, for example, in addition to executing transactions.

Keep in mind that the latter type of broker tends to charge a greater commission because of the higher level of service provided. If you do decide to go with a full-service broker, then make sure that their extra services are relevant to your needs so that paying an additional amount to have access to them will make financial sense for you. 

Choosing Among Forex Account Managers

Since managed trading accounts will require a forex account manager to execute transactions, you will want to make sure that you have done your necessary due diligence, and reviewed the past performance of the account manager you wish to hire. If you have never done this before, you can start by looking for managers with consistent overall profitability combined with a relatively low maximum drawdown level.

One of the best performance metrics to look for is the Calmer Ratio, which compares the average annual compound rate of return to the max drawdown over the period. The higher the Calmer Ratio the better the risk adjusted return, and the lower the Calmer Ratio the poorer the risk adjusted return. The Calmer Ratio is usually calculated for a 3 year period.

Once you have narrowed down the choices to a few managers based on their profitability and drawdown parameters, you will want to check that their risk profiles are consistent with your financial goals. Finally, it also makes sense to determine if they have a good reputation when it comes to dealing with their clients and providing good customer service and maintaining effective communication.

Investing in a Managed Forex Fund 

Some investors feel more comfortable pooling their resources with other investors in a managed forex fund. Chances are, if you have previously invested in a mutual fund or hedge fund, then you may already be familiar with the basic concepts behind the managed forex fund.

Foreign Exchange funds are usually operated by companies who hire professional fund managers to trade and manage one or more portfolios. In the case of a managed forex fund, these portfolios will typically consist of a basket of currencies. 

Any managed forex fund you consider investing in should have a minimum track record such as three or five years, that you can review for overall profitability and have an acceptable level of drawdowns. Each forex fund may also have a prospectus that you can read to find out additional details about how the fund operates and what its particular management style is.

Common Elements of a Managed Forex Fund’s Prospectus

The prospectus of a managed forex fund contains a description of how the fund operates. For example, it could include details such as, the manager’s professional background, the type of trading strategy or analytical method used, the time frame within which most positions are closed out, and other pertinent information.

The fund’s prospectus might also clarify the degree of risk the managers tend to feel comfortable taking, perhaps by explicitly stating their drawdown policy. It might also specify whether trades are typically dictated by a trading system or discretionary method, and what proportion of trades tend to fall into each category.

Finally, you will want to review the performance fees and the minimum account deposits for the managed forex funds you are most interested in investing in to make sure that the fees are reasonable and that you have sufficient funds to invest.

Some forex managed fund companies even offer pooled funds. An example of this might be a balanced fund where the average returns of several independent funds are automatically rebalanced at the end of each investment period. 

This balancing process helps introduce an element of diversification that can otherwise be missing when choosing an individual forex managed fund. 

Selecting Successful Forex Fund Managers

Unlike the situation of an investor considering where they should best place their money among the vast array of equity related mutual funds, those wishing to invest in a managed forex fund currently do not have a great deal of options from which to choose.

This relatively small playing field, may however, make it a bit easier to pick a fund manager from among the top forex investment companies who make managed forex funds available to the public. 

A critical consideration to take into account when choosing a forex fund manager is to compare the track records of several competing funds. You will probably want to see how each potentially suitable managed forex fund performs in terms of its overall profitability, the consistency of its profits and the depth of its drawdowns.

Many fund managers choose to display their performance using social forex community utility software. The most notable of which is the MyFXBook.com platform.

This innovative and free online analytical tool lets fund managers use their public system page as a resume of their trading skills.

The image below is a screenshot of MyFXBook’s home page that lists some of the key features of this useful web-based application:

What is copy trading?

The very first place to start if you are copy trading, is to answer the question of, what is copy trading?

Well, copy trading is essentially a type of automated trading. With this sort of exchanging you can naturally duplicate different dealers. This implies that as these different brokers bring in or lose cash with their exchanges, you will do likewise.

Copy trading is ideal for many types of trader regardless of whether you need to duplicate exchange forex, or different business sectors. In case you are simply beginning in exchanging, or you would rather not commit a tremendous measure of time, then, at that point, duplicate exchanging might be the ideal response for you.

Anyone can start copy trading as in any broker can decide to duplicate exchanges. Assuming you need to be replicated by others however, this is typically restricted to the best traders.

MetaTrader 4

When it comes to copy trading, MetaTrader 4 is one of the most used, also, perceived exchanging stages this region to duplicate forex signals, however across different business sectors as well. With MT4, the base store required will rely upon the representative you select.

Just like trading forex or other markets with your broker, MT4 is one of the most robust trading platforms available. It very well may be downloaded as a work area stage, utilized in your program as online, or on your versatile and shrewd gadgets with next to no deficiency of usefulness.

Copy trading History

Since you have gotten the opportunity to check out a portion of the top duplicate exchanging intermediaries decisions available which can assist you with doing everything from duplicate forex signals, to duplicate stock merchants, how about we investigate the set of experiences behind copy trading.

In fact, copy trading is a relatively new thing. Before this, only reflect exchanging was accessible. You will take note of that this type of exchanging is as yet accessible through Tradency. With reflect exchanging, you are exchanging through pre-assembled systems which have been detailed by calculations.

Copy trading is similar in many ways, also, utilizes a great deal of similar establishments. The distinction with duplicate exchanging is that rather than simply replicating a pre-characterized exchanging technique, you can choose the best forex merchants to follow and duplicate. In this manner it is much more adaptable, and easy to use. Duplicate exchanging basically gives you significantly more command over your choices of when to duplicate forex signs and others, and furthermore from whom.

How Copy Trading Works

Of course when you start copy trading, one of the first, and most important things to understand about is of course the process of copy trading. So here, this is a look inside how it happens:

In copy trading, the trader (the person you will copy), opens a trade. The investor (you), then copies that trader. This usually happens automatically and without the need for any difficult interventions.

You will then win or lose along with the trader you have copied. If their positions grow, so will yours, and vice versa. One of the important points to note is that everything is proportionate, so you can invest whatever amount you like depending on the broker rules, and through copy trading, you will gain or lose proportionately.

One point here is that when choosing the traders to copy, you should take note of the position sizes they usually open, as this can impact your investment.

Let’s take a look at an example: If a trader opens trades on multiple assets where the average profit/loss is already at +10%, then you decide to invest $100. Finally the profit/loss moves to +15% so you close out your position. Of course you have only earned +5% because you started copying when the trader was already at +10% profit.

Why is copy trading so popular?

Copy trading has grown in popularity a lot in recent years. There are a few key reasons as to why it has become so popular.

First off, it is cheaper to engage in copy trading than mirror trading. It also gives you the chance to copy expert traders. Some of the best copy trade broker choices feature top traders from around the world. This can add great diversity to your portfolio.

Convenience is another factor. Copy trading does not require you to directly trade. This does not mean it is easier or simpler, it just means you leave the actual trading to someone else. You still need to know the markets and choose the best traders to follow.

Copy trading does give you the chance to copy some hugely successful traders too. This may seem like the best idea to always choose the most profitable. For example if you are a forex trader, you may think these are the best forex traders to follow. In reality, they may engage a high-risk trading strategy which does not fit your style or needs. This is always something to look out for. You need a keen eye to distinguish these “lucky” traders from real experts who employ a sound money management and risk strategy.

Is Copy Trading Legal

As things stand, copy trading is absolutely legal. It is offered in full compliance with laws and regulations by most of the best and well-regulated brokers around. This does not mean that regulations and laws will not change over time, but at the moment, copy trading is completely legal.

Copy Trading Regulation

When it comes to regulation too, copy trading is well-regulated by most of the top regulatory bodies around the world. The approach from many of the best copy trade broker names has changed a lot since the introduction of MiFID II regulations.

With these regulations copy trading platforms now can approach brokers to be connected with them. Instead, the approach must come from the broker.

There are also much stricter requirements around which traders can be copied. This is to stop the presence of “lucky” traders without real expertise and knowledge. Money protection also has become tighter. The copy trading platforms can impose minimum amounts required for investment in a trader, and also limit investment in large positions depending on the equity of an account. The amount of control which the copy trader had over the copier is also now limited to the amount which is invested and no other controls beyond that point.

Does Copy Trading Actually Work?

The all important question which you will inevitably ask is, does copy trading work? The answer is the same as with many forms of trading, it does work, but it is not a fool proof system. There is always the possibility of losing money as with every trading technique. It is important then that, more than just thinking of it as a forex trading copy and paste system, that you actually study both the broker, and traders you will follow to give yourself the tools you need to succeed.

How to start Copy Trading

Whether it’s how to copy forex signals, or others like copy stock traders, and everything in between, then there are a few simple steps you can follow to get started.

First, you should choose the best copy trade broker you can who meets your needs. You can check out our top 10 featuring the best forex signals apps, which comprehends the best copytrading brokers as well as the best copy-trading communities. From there you can open a demo account to practice, or deposit on a real money account. The next step is to choose the best copy trader you want to follow and copy.

With that it is as simple as starting to copy the trader, and stopping once you are satisfied with the profit or loss. It is not just as simple as choosing any trader though.

How to find the best trader to copy

Here are a few tips to follow when choosing the best trader for you:

• Find the right moment to copy a trader

You have to monitor a traders performance over time before deciding to copy them. It is usually best to avoid copying during a strong positive streak or just after they have reached an earnings peak. This could indicate their positions have already reached maximum potential.

It may be best to start copying a trader once they open new trades or are on a slight downturn after long periods in positive territory.

• Risk rating is important

Risk management is always a key area. Even though each broker will provide an algorithm to show whether a trader is risky or not, you still need to be able to determine it by your own scale.

This trader risk strategy scale will be from 1-10 and determine whether a strategy is risky or not to follow for investors. A risky trading strategy may have bigger returns, but can also lead to losses in the longer term. In this case you need to decide what is best for you and keep in mind the risk/reward ratio and balance. Risking a lot to gain a little is a dangerous strategy which is often unbalanced, so try to find a trader who offers a good balance of risk vs reward.

• Earnings and Drawdowns

You may see copy traders who have pristine records of no losing trades on their account. These should be avoided. Even the most successful traders suffer losses. A non-losing record is a warning sign that something is too good to be true. You should use your best judgement here to decide when selecting a trader.

• Trader’s history

Consistency in copy trading is key. Try to stay away from those with huge earning peaks or great losses. Consistent returns will always add up to a better return over time.

• Keeping too many opened positions

The last point to note is that you do not want to hold too many open positions at once. Particularly if you are losing, it is best to limit your copy trading positions to just a few. This way, you can keep a good track on them, and you account equity. Having a stop-loss in place is also always a wise move. This keeps you from holding on endlessly to losing positions.

Sometimes it is also good to keep some cash on the side. This is unused money in your account that you can use to take advantage of opportunities when they arise.

For more information and detail on these points, feel free to check out our comprehensive copy trading guide.

Risks of copy trading

Like all other forms of trading, of course there are risks when it comes to copy trading. The risk here is losing your money. This can happen in a variety of ways if you do not carefully manage your copy trading investments.

The trader you have followed may have made a mistake on the investments they have made. This is possible, just as it is also possible they could correct the mistake. This could also be due to an unexpected market trend that nobody could have anticipated in a volatile market.

If losses are mounting up though, it also may be possible that you have followed the wrong trader. At this point you should make attempts to change the trader you are investing with.

Advantages and disadvantages – Pros and Cons

Here are some of the key advantages and disadvantages we have found when it comes to copy trading.

Pros

• Copy trading is very efficient in that it does not take up a lot of your time. Perfect if you are too busy to monitor each and every market move yourself.
• You also have expert traders who are skilled to trade for you. This is ideal for all traders but particularly if you are a newer trader.
• Copy trading is both cheaper, and more flexible than mirror trading.

Cons

• Because you are relying on another trader, you have almost no control over the trading strategy which they are implementing.

Our final thoughts about Copy Trading

Rounding up our thoughts on copy trading. We have answered the question of, does copy trading work, with a resounding yes. It can be a great trading technique if you use your knowledge and control in applying it.

Copy trading is perfect if you are a busy person with little time to invest in trading yourself. You can practically recruit the best traders to trade on your behalf. If you are a beginner too, you can have the benefit of copying experienced, expert traders which can lead to good results, and developing your own knowledge and skills.

Not only that, but if you are an expert trader who is copied by investors, you can also earn commissions from the trades you make. It is clear then, that is applied in the right way, copy trading can be a win win situation for all involved.

What’s a Managed Forex Account?

Not at all like a standard forex exchanging account, where you settle on all the exchanging choices and effectively purchase and sell cash pairs, a oversaw forex account comprises of an exchanging account where a dealer or cash chief exchanges for your benefit.

exchanging account and requires a higher least store by and large.

overseen account contrasted with conventional value and bond speculation accounts. In any case, the record remains totally under your influence, and the cash chief’s just admittance to your record is the capacity to exchange it.

the record. Keep in mind, creating a gain in an oversaw account isn’t ensured because of the instability in the forex market, so totally oversaw records ought to give a disclaimer expressing that you can lose cash.

Most customers give their cash chief unlimited oversight over exchanges made in their oversaw forex account, although you can regularly instruct the cash administrator on the techniques and exchanging signals you might want them to consider as they exchange for your sake. This effectively takes you out of the exchanging picture so you can stay away from the feelings and mental issues that go with winning and losing exchanges.

your forex exchanging account, be certain they have sufficient preparing and framework available to them just as a good history as a merchant.

Remember that once you open an oversaw account, account directors will generally have least time and store requirements and now and again charge punishments for early asset withdrawal. Least stores for these records can likewise be extensively higher than for a standard forex account.

Is a Managed Forex Account Right for Me?

How included would you like to be in the forex market? Assuming you need full close to home inclusion and unlimited authority over your forex positions and capital, then, at that point, an oversaw record probably won’t be for you.

you open your oversaw account, the broker you recruit should screen you to decide your danger resistance level and observe explicit procedure directions you might have.

Managed Forex Accounts are Great for You If…

• Are busy and can’t watch the market

Many individuals essentially don’t have the time, experience or disposition to exchange the forex market. Focusing is a full-time responsibility, however vocation or family commitments can occupy and redirect your consideration. An oversaw forex account gives you the opportunity to seek after different exercises that you in any case probably won’t have the option to.

• Prefer to let someone else do the trading

issue taking misfortunes and select to utilize an exchanging proficient all things considered.

• Don’t have the psychological make-up of a trader

Certain individuals come up short on the mental character types most appropriate for exchanging. For instance, if you can never concede when you’re off-base, clutching a losing position could clear out your whole exchanging account. One more model would be a predisposition to overtrading because you observe exchanging invigorating. Nonetheless, exchanging overabundance can likewise incur significant damage monetarily, genuinely and intellectually. As opposed to gambling exchanging yourself, you might need to track down a decent record administrator.

• Want to plan for the future.

Assuming you need to get ready for the future, you are reasonable holding resources for extensive stretches of time and need a sort of custodian to deal with your assets. As an outcome, you can utilize an oversaw account that intends to achieve these objectives. Pick an agent with oversaw accounts that will work with you, examine your objectives and guarantee you arrive at those objectives. An oversaw account permits you to adequately disregard your ventures, realizing they are overseen appropriately and acquiring esteem.

Managed Accounts Might Not Be a Fit If…

• You want complete control of your trading and finances

If you have exchanging experience and prefer to remain in complete control of your exchanging account and the portion of your resources, then, at that point, you would most likely not be content with an oversaw forex account.

• You lack enough risk capital

Least stores for a pooled oversaw account ordinarily start at $2,000 and exclusively managed accounts start with a $10,000 store. This could hinder a few merchants from selecting an oversaw account.

• You want to make quick cash.

You can put resources into the forex market to make speedy money, however you regularly need unlimited oversight of your record to do as such. An oversaw account can’t make speedy money, the manner in which an accomplished financial backer would procure benefits with short-term investments. If you intend to make fast money, you may need a different record to work physically.

• You don’t want to go through the process required for opening a managed forex account

Getting a respectable record supervisor requires some research and significantly more paperwork than exchanging your own record. It likewise includes marking a limited legal authority understanding (LPOA) that is an authoritative archive and shows that you have approved the record supervisor to exchange for your benefit.

Remember that you can in any case lose cash in an oversaw account, contingent upon the cash director, hazard level, market movement and different states of your arrangement. You ought to, along these lines, check histories and tributes for any record directors you consider and ensure that they include a decent standing inside the exchanging local area.

Features of a Great Managed Forex Account

An extraordinary oversaw forex exchanging record will show predictable generally speaking benefit, just as a low greatest drawdown level. The greatest drawdown level shows the most extreme loss of capital experienced in the exchanging account from its top over the historical backdrop of the record.

The maximum drawdown formula

(Equity high net value – Equity low net value) / Equity high net value

As an example of maximum drawdown, let’s assume you begin your account with $10,000, which then increases to $20,000, decreases to $9,000, increases to $21,000, falls to $6,000 and then increases to $22,000.

In this case, the equity high net value would be $22,000, while the equity low net value would be $6,000. This would give you a maximum drawdown of:  ($22,000 – $6,000) / $22,000 = 72%, which would be considered high. The wide swings in the account’s value reflect the high maximum drawdown and suggest a risky investment.

The lower the maximum drawdown over time, the less risk the funds in the account have been exposed to. When you consider different account managers, the maximum drawdown level of the account statements they provide as evidence of their track record carries considerable weight.

Ideally, a time frame of three to five years for an account under management would give you a clear indication of the managed account’s maximum drawdown.  

Other features of managed accounts

• What kind of return on investment (ROI) can you expect on your money?
• The type of managed account model to be used:
  • Percentage allocation management module (PAMM),
  • Lot allocation management module (LAMM), or
  • Multi-account management module (MAMM)
• The type of trading and trading system the manager employs
• Are derivatives part of the trading strategy?
• Which type of signal or automated trading software will be used, if any, and what risk parameters does the software employ?

The way to find the best forex broker for managed accounts is to find an account manager you want to work with and then ask them which well-regulated broker he prefers to use.

If you already have a broker in mind, they may even have account managers they can recommend. Look over the account management agreement, past account statements showing an acceptable performance and the manager’s prospectus for their managed accounts, if any.

Get a sense of minimum deposit, drawdown policy, withdrawal limitations and penalties, profit-sharing parameters and risk levels for their different managed accounts. A prospectus should also include contact and background information for the manager who oversees your account.  

The Best Forex Brokers with Managed Accounts

To keep your money safe, decide on an established forex broker to open a managed forex account and look for an individual account manager or group you feel is qualified to trade your account.

The brokers listed below all permit managed accounts, though doing your own research makes sense if you want to get a good return from their manager’s activities.