Among Legit forex managed account services, one key player is Forex92. Before discussing pros and cons of Forex92, first let us explain what exactly is a forex managed account? It is a very successful way for investors to carry out their forex trading activities in a safe and secure way. However, forex investors must keep in mind that trading in a Forex market is a risky business. Therefore, they should be aware of all the risk while using the legit forex managed account services. However, these risks come with a very good future reward and returns. Sometimes people who are interested in Forex market want to start investing but they don’t have adequate time and skills to manage their account and fund.
Managed forex account is equally beneficial to the experienced and newbie investors. Since, it provides very good option for them to get professional help skillful fund managers of the managed forex companies.
Benefits of Forex managed account
Generally, Legit forex managed account offers following benefits:
Flexible Profit-Making
Legit forex managed accounts are flexible profit making accounts .Since fund managers handling these accounts know very well how to become profitable based on market’s trends.
Passive Investment
Forex trading is a very difficult and risky job for newbie investors as they can suffer huge amount of losses. Therefore, it is advisable to get the services of fund managers operating in a reliable and reputable legit forex managed account companies. Since, these kind of fund managers know all schemes and plans to overcome risks inherent in the forex market.
Good source of Passive income
Managed Forex Account is a very good source of passive income as investor account is managed by skilled fund managers. Investors just have to open a managed Forex trading account in reliable company which has team of knowledgeable and experienced traders.
Controllability
Some newbie investors have a wrong perception that fund managers working in a Legit forex managed account service provider can withdraw money from their account and this fear of loss can stop them from opening Forex managed accounts. However, in reality investors have complete control over their funds as compared to other kind of online forex accounts. Investors also have complete power and control to close their accounts and withdraw their funds if they suspect anything unusual.
Leverage
The companies providing legit forex managed account services are expert in offering high leverage to their clients. Leverage in Forex is the ratio of the trader’s funds to the size of the broker’s credit. Forex investors are more than happy to avail the leverage benefit offered by the company as it helps them to trade in huge volumes during booming forex market.
Forex 92 operates with reliable forex brokers
Forex 92 always tries to work with reliable forex brokers who are successfully operating in the forex market. The list of its reliable forex brokers includes FBS, scandavian capital markets, FXTM, Robo forex and Ava trade.
Trusted Brokers of Forex 92
Forex 92 offers most reliable legit forex managed accounts services to its prestigious customers with the help of its following trusted brokers.
FBSFBS is regulated and authorized by the IFSC through License numbers IFSC / 60/230 / TS / 17 and also by CySEC through License number: 331/17. FBS has been categorized by both authorities as A category.
Scandinavian Capital Markets
Scandinavian Capital Markets is the most well-known STP-ECN forex broker. This forex brokers broker is continuously providing quality legit forex managed accounts services to its clients in a highly regulated and safe Swedish forex trading environment. Swedish Financial Supervisory Authority (FSA) has registered the SCM through license number (Finansinspektionen Reg. No. 556863-5972). Swedish Financial Supervisory Authority (FSA) is successfully overseeing the Swedish market through stable financial strategies.
FXTM
Financial Services Commission (FSC) is a very effective financial regulatory authority of the Mauritius and it has given license to the FXTM with an Investment Dealer License number C113012295. Moreover, it has successfully fulfilled the conditions laid down for the Investment Dealer license and it has been granted a investment dealer License pursuant to Section 29 of the Securities Act 2005, Rule 4 of the Securities (Licensing) Rules 2007.
Robo Forex
Robo Forex is a reliable Cyprus based forex brokers which is regulated by two international regulatory bodies. It has been offering brokerage services for last few years. It has been regulated by 2 different regulatory organizations namely Cyprus Securities and Exchange Commission (CySEC), and the International Financial Services Commission (IFSC) of Belize.
AVA Trade
AVA Trade EU Ltd is a well-known Irish based forex broker. It has been regulated by the Central Bank of Ireland with a (license No.: C53877). AVA Trade EU Ltd is a licensed investment firm compliant with the Markets in Financial Instruments Directive (MiFID). In addition, it has also been registered by the Australian Securities & Investments Commission with a License No.: 406684.
Forex 92: One of leading legit forex managed account service providers
Forex92 is a leading legit forex managed account service provider. The company is headquartered in the Limassol Cyprus. The company is headed by Usman Ahmed who is one of the leading forex investors of the investment arena. The skilled trading staff of the Forex 92 offers trading assistance to those who are either inexperienced or they simply don’t have enough time to trade forex themselves. The company is successfully providing crypto and corporate legit forex managed accounts for the last five years to its prestigious customers. The company has successfully evolved into a successful true forex company which also provides corporate and crypto managed accounts. It has set up the benchmark through working with world’s most trusted brokers which have been regulated by various regulatory bodies around the world.
Forex 92 and its innovative trading strategy
Forex 92 is implementing one of the most innovative trading strategies for the success of its clients. Volume Spread analysis and price action strategy is its two most important pillars of its overall trading strategy.
Volume Spread analysis
Volume spread analysis is a unique kind of investing school of thought that believes that volume is a very important in understanding moves of prices in financial markets. Volume Spread Analysis is a very effective tool to understand the concepts of supply and demand in the forex world. In addition it also aids in identifying the imbalances between buyers and sellers by analyzing prices and volumes.
VSA also aids traders to understand the thinking major forex players and also how can investor benefit from their actions. When a trader of a small scale buys or sells a currency pair, then he/she certainly will not influence the price. However, when a big player carries out the trade amounting millions, then this will probably move the market up or down
Price action strategy
Price action is a very effective strategy which describes the characteristics of price movements of the currency pair. The price movement is more often analyzed as related to the price changes in the recent past. Price action is a forex trading technique that permits a trader to analyze the market and make trading decisions based on the recent and actual price movements.
Price action trading tools are very effective for short-to-medium term and they can offer limited profit trades as compared to the long term investments.
Most investors believe that the forex always market follows a random trading pattern and there is no clear systematic way to define a plan that will always work. Forex 92 team combines technical analysis tools with the recent price history to trace out trade opportunities based on the trader’s own thinking and trading strategies.
Conclusion
Investors are mostly comfortable whole pouring money into the managed forex fund. The sensible investors always like to invest in managed forex funds as it secures their long term investment. Foreign Exchange funds are mostly handled and managed by companies who hire highly skilled and professional fund managers who know how to manage large and complex portfolios with many basket of currencies .The investor must also keep an eye on the years of operation of the company managing the legit forex managed account. They should be in forex business for at least 5 to 10 years. Investor must also read the complete prospectus given by the brokerage company
legit forex managed accounts can be easily used to get passive income as trading activities of the forex accounts are handled by fund managers employed by legit forex managed accounts provider company. However, investors have to take care of the regulation issues related to the legit forex managed account service provider. They can get information from the companies list provided by the regulation authorities. Investors can also get information from the website provided by the legit forex managed account service provider.
The asset class exposure provided by the legit forex managed accounts is quite different from stocks and bonds. The returns offered by the legit forex managed account companies are according to the appreciation rates of the currencies. The large price movements made by currencies offer a very good opportunity for the investors to pour their money to earn handsome gains.