You may not be aware of this, but the top managed forex accounts actually trade your money for you. The best brokers in the industry have put money into tools that help their clients generate more income streams.
The use of managed forex trading accounts is growing in popularity. As a result of the increased competition brought on by this need, many reputable forex managed accounts have been dragged down by their less reputable counterparts.
This Best Managed Forex Accounts article will walk you through the 5 best forex managed accounts, the costs associated with each, and the benefits and hazards you should be aware of before opening an account.
When it comes to social trading and copy trading, eToro is unrivaled. There are over 20 million customers using eToro’s managed forex trading account service. The managed accounts provided by this broker cover a wide range of asset classes, such as CFDs on commodities, FX, and indices, as well as genuine cryptocurrency and stocks.
Among the best FX managed account providers, eToro stands out thanks in large part to its innovative CopyPortfolio feature. Here, you can put your money into portfolios put together by the firm’s own investment pros. CopyTrader gives you access to a community of forex traders that will handle your money on your behalf.
Swiss bank and foreign exchange broker Dukascopy. They were an early vendor of the PAMM (percent allocation management module) system. Traders can take care of Dukascopy Bank customers’ accounts with a restricted trading power of attorney (LPOA).
In April of 2022, Exness had hundreds of thousands of active clients and trillions in trading activity. The broker provides access to numerous asset classes, such as foreign exchange, cryptocurrency, metals, energies, and more. Any trader can find an account type that works for them at the award-winning broker.
Since this broker does not provide much “how to” information, it is suggested that traders with some experience in the field use Exness. If you’re a complete beginner, don’t worry; Exness will still accept your registration. This broker has a wide range of account options and the full MetaTrader suite, making it a good choice for both novice and experienced traders.
Specifically, FxMAC offers three distinct Investment Programs, which are essentially managed forex trading accounts. The company now exclusively partners with regulated brokers while having its headquarters in an uncontrolled area (St. Vincent and the Grenadines).
Since the broker will be in charge of safeguarding your money, this is an essential consideration. However, this does not guarantee that the company in charge of your money is governed by the same regulations or will provide the same level of security, so it is important to do your own research and read the fine print.
If you’re looking for another forex managed funds provider, Forex92 has you covered with three distinct account types on the popular MetaTrader 4 PAMM platform. The company boasts in its advertising that they employ only licensed brokers.