If you are looking to invest your money into forex, this might be the right time to do so. However, you need some sort of assurance as to whether is it worth investing in forex or not? Wouldn’t you? Yes, obviously. So the answer is yes, for sure. Besides the fact that forex trading requires you to be proficient enough to deal with the ups and downs of the forex world, you can still make a lot of money using forex managed accounts. In this piece, we review one of the best forex managed accounts of all time.
What Is Forex Managed Account?
A type of arrangement in which funds are provided by one party and is taken care of by another party, two of them are commonly known as investor and fund managers respectively. It an agreement of mutual interest where investors wish to make profits and fund managers tend to receive their share in the profit generated by them for investors. In short, an account managed by fund managers on behalf of investors for a sum of a fee is known as forex managed account.
How Does a Managed Forex Account Work?
Forex managed account don’t need investors to take part into the management of their funds actively. They enjoy profits being the silent partner who just injects capital into forex managed account and sits back relax watching fund managers doing the magic. Be informed that fund managers have only a limited access to managed forex accounts in a sense that they can only access funds for trading purposes and are not allowed to place any deposit or withdrawal requests. So, the safety of your funds in forex managed accounts is never compromised.
Forex Managed Account Types
There are basically three main types of forex managed accounts including individual forex managed account, forex pooled managed account, and Forex PAMM accounts. Given below each type of account is reviewed separately.
- Individual Account
The simple form of forex managed account is an individual account in which investment is made by a single person. An individual investor seeks professional assistance to make profits by investing funds into forex. This account is opened for either of the two reasons. One is that the investor doesn’t have enough trading experience or market knowledge to trade himself, and the other is he/she might have got no time for personal trading. Profit made in this account is usually shared between an investor and fund manager in an agreed ratio. This account can be opened by depositing a minimum of $1000.
- Pooled Account
The other type of account is called as a pooled managed account. It is funded by multiple investors and managed by a team of professional traders. Profits made in pooled managed accounts are divided between all participants once all other expenses such as management fee and preliminary expenses are settled off. Pooled accounts are beneficial for those who don’t have a big amount to invest.
- PAMM, MAMM & LAMM Accounts
Talking about PAMM accounts, the mechanism of profit distribution in PAMM accounts is a bit complex as compared to any other form of managed forex accounts. Same goes for losses and other expenses incurred in PAMM accounts. Being technically complex and automated, they may appear similar to that of mirror trading when they are practically more close to individual forex managed account.
Who Offers Forex Managed Accounts?
Investment Management companies and forex brokers usually offer these type of accounts. However, individual having hands-on trading experience may also seem to be offering their services for the same. People are always suggested to go for a reputable legitimate company such as forex92 to open forex managed account. This is because companies are bound to abide by rules and regulations in place by their respective regulatory bodies such as ASIC, FCA and CySEC and hence your funds are more likely to stay safe with companies as compared to that of individual forex traders.
What Is Forex92?
Forex92 is an investment management companies founded in 2014. The company is headquartered in Limassol, Cyprus. It provided various financial management services to its clients all across the globe. The company has a team of professional fund managers with extensive experience in the forex world. The company offers all types of managed forex accounts with consistent monthly profits. Clients can also choose to invest their money into cryptocurrencies with forex92.
How To Get Started With Forex92?
To get started with forex92, clients only need to follow a few steps procedure mentioned below;
- Got to forex92.com
- Select the type of forex managed account that you wish to open
- Select the broker of your choice from the drop-down menu which becomes visible after submitting basic information on the sign-up page
- Deposit funds into your account and share a screenshot of your funded account with the company using the online contact us form.
- Sign a contract with the company and share your MT4 login credentials with it.
- Sit back relax and watch the fun.
Is Forex92 a Scam?
No, forex92 is not a scam, it’s a legitimate company instead. The company is offering reliable fund management services to its clients all over the world for the past four years. The company holds excellent trading record which can be verified any time by visiting the company’s website www.forex92.com under “verified performance” tab.
Customer Support
Forex92 provides excellent customer services to its clients 24/7. The company can be contacted using different communication mediums including a telephone line, email and web chat service. To contact the company, following details can be used.
- Tel: +357-25123308
- Email: trading@forex92.com
- Web: www.forex92.com
Final Words
After a detailed review of the company, we hereby conclude that forex92 is one of the legitimate companies available around. Working with regulated brokers it offers low-cost forex managed accounts with consistent monthly profits which is indeed a great reasons to start with the company. In addition, it also provides round the clock customer support and shares monthly performance with its clients to remain transparent. .