Forex trading is available for everyone worldwide, but most people lack the knowledge and experience to earn from it. That is why managed forex accounts make a difference for such people. These managed forex accounts provide users with a money manager responsible for making all the trades for small fees. So, this brings good learning and earning opportunists by using the best managed forex accounts.
The issue is that not many platforms are offering managed forex accounts. Here we will be discussing the features and qualities you need to look for along with your best options.
In This Guide
Min $100 Deposit
Min $100 Deposit
FCA, ASIC, CIMA, SIBL
Min $200 Deposit
Up to 50% Bonus
Min $100 Deposit
$30 No Deposit Bonus
FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC
Up to $5000 Welcome Bonus
You might be thinking that going with the managed account for forex trading solves all the issues you may face regarding forex trading. However, this is not like that. Even though there are professionals taking care of everything for you, there could be some loss. It is why research about selecting your platform is very important. Here are the 2 main qualities that make a well-managed forex account:
When you select the best platform, you get fewer chances of losing your investment and better chances of making a profit.
The following are the best managed forex accounts that you can choose from. First, have an overview of all of them then we will move to a detailed review:
|Broker||Fees for managed account||Regulations||Minimum investment requirements|
|eToro||$0||US, UK, Australia. Cyprus||$200|
|Interactive Brokers||0.08%||US, UK, Australia, Canada, EU, Hong Kong, etc.||$100|
|FXCM||2% per year||FCA||$50|
Below are the details about each of them that you must know before selecting any.
The first one on our list is eToro because it provides full regulation with no fees. It means that you get to learn how to trade forex and keep all your profits. It does not restrict things here as you can access many things like managed forex funds and stock and crypto trading. Please read our complete review of eToro for a better idea about the experience you will get.
While its minimum investment requirement may not be the easiest to meet for many people, its managed services bring the best experience in the world. It brings the following benefits as well:
FxPro is a popular name in forex trading platforms, and its managed account makes things even better. The LAMM and PAMM accounts make excellent choices for beginners and experts. It also comes with flexibility in options and a balanced trading experience. FxPro brings many benefits, some of which include:
With its MAM portfolio, you can have a completely transparent managed account trading experience. AvaTrade comes with good regulations making it a very safe and reliable platform. It also provides a demo account if you want to learn while your managed account earns for you. While there might be many benefits, the high minimum investment requirement is hard to meet for many beginners.
Its details on different trading strategies can help you step up your forex trading game. Below are some amazing benefits of going with AvaTrade.
FTXM comes with reliable and easy-to-use MT4 and MT5 trading platforms with a list of account opening options. It also comes with good regulations if you are looking for the safety of your investments. Its managed account services are more than enough to start your trading experience with good profitability. On top of everything, there is every tool available that you may need. Some amazing benefits you will experience here are:
Next up on the list is Interactive Brokers, which is known as one of the world’s best trading and brokerage platforms. Although it does not provide managed account services like other platforms, things are much better here with the financial advisor for managing customers’ trades.
Interactive Brokers come with the following benefits:
Yet another world-leading platform in trading that come with managed forex accounts. Interestingly, here you get both MAM and PAMM accounts, so you can choose the one that fits your requirements in the best way. It is full of features if that is what you are looking for. Here performance and commissions are also set to be the best for users. Above all, the following benefits also come along:
If you want the easiest experience, then FXCM might be your best choice. While the account opening process is very easy, it comes with features like analysis tools for a richer experience. Even though you get managed services, you can benefit from the range of educational material and tools available here. Some of its benefits include:
Going for one of these options is the best decision for you because you get the world’s best experience of a managed account. Moreover, the professional management here comes at fewer costs while the profitability chances are higher, leaving you in a better position.
Selecting one of the best managed forex accounts means increasing your earning chances. It brings significant benefits for people who do not have any experience or knowledge about forex trading. So, you can earn as well as learn different trading strategies at the same time. Ensure that you do all your research and then select the managed account. Going in without any research may ruin your experience and your investment.