In this section, we’ll try to answer frequently asked questions to best of our knowledge. We expect that you will find them useful while your journey towards forex trading and signing up for managed accounts subsequently.
1. What Is Managed Account?
An account that is actively traded by professional traders on behalf of an investor for an agreed sum of money. In a managed account, professionals having years of trading experience and in-depth market knowledge are hired to bring investors some quick profits.
2. Who Offers Managed Account Service?
The companies dealing in forex trading, as well as most of the forex brokers, offer managed accounts service. You only need to sign a written agreement with them in order to decide the profit sharing ratio and granting them permission to use your MT4 login credentials for trading purposes.
3. How Much Do You Need To Pay To Open A Managed Account?
There is a nominal fee involved in this activity which is usually paid at the end of each month. Some companies like forex92 don’t charge their customers if no profit was made in their account. Normally, the management service fee is 20% to 30% of your earned profits.
4. How Long Does It Take To Open A Managed Account?
It only takes a couple of minutes to open a managed account. After filling in your basic information on the sign-up page, you are required to fund your account. As soon as funds are deposited, you are asked to sign a contract with the company and share your active trading account’s login credentials to get you started.
5. How Much ROI Can You Expect From A Managed Account?
It depends on the company you have signed up with. Some companies offer you a monthly return of 10% to 15% whereas other may promise 20% to 25% of your investment each month.
6. How Many Types Of Managed Accounts Are There?
There are three main types of managed accounts including individual forex managed account, forex pooled account, and PAMM account. Each type of account has its own merits and demerits. Before you decide to open any type of managed account, make sure that you understand how they work. You can search over the internet for more relative information.
7. Is It Safe To Open A Managed Account?
Yes, it is safe indeed. In a managed account, the risk of loss is minimal as compared to personal trading. Professional traders make every effort to ensure that all of the trades that are being placed in your account are dealt with care. Usually, a risk-averse trading strategy is followed to avoid serious financial loss.
8. How To Locate A Reliable Company Offering Managed Account Service?
You can locate them online. A computer with an internet connection can do wonder in this regard. By entering a few key presses you can have your ideal company being displayed in front of you. All you need is to enter your keywords in an online searching engine and you are done. However, don’t forget the check the regulation status of the company, you’ve decided to go with.
9. What Does Regulation Stands For?
Regulation means the company you’ve opened an account with is being supervised by an autonomous regulatory body. Your investment with a regulated company or broker is more likely to be safe as compared to non-regulated ones. Regulation makes companies follow standard operating procedures to ensure the maximum safety of public money.
10. Does Forex92 Offer Managed Account Service?
Yes, forex92 offers all type of investment management services including managed accounts. The company has a team of professional trading experts with more than 10 years of experience in the same industry. The company offers attractive returns on clients’ investment and also allows them to invest in digital currencies. A monthly return of 12% to 25% is offered in managed accounts while the return percentage goes up by 100% in crypto managed accounts.
11. Is Forex92 A Legitimate Company?
Yes, forex92 is a legitimate company working with most reputable brokers of the world for the past four years. The company is headquartered in Limassol, Cyprus with its sub-offices being located all across the region.
12. What Is The Minimum Amount Required To Open A Managed Account With Forex92?
Customers can get started by depositing $1000 only in their account. Clients can use the multiple methods available at the broker’s end for the same. It is to be noted that all of the payment must be deposited in a single go.
13. Where I Can Have A Look On The Company Past Trading Performance Before Opening A Managed Account?
To have a look at the company’s trading performance, you can visit the company’s official website following this link www.forex92.com. The company holds an excellent trading record which offers investors an added layer of assurance that the company would do fine to help them in making money.
14. Are Customers From the United States Are Accepted At Forex92?
Yes, forex92 accepts customers from almost all parts of the world including the United States.
15. How To Open A Managed Account With Forex92?
Customers need to follow a few steps procedure to open a managed forex account with the company.
- Open www.forex92.com in your browser
- Select “managed account service” and fill in your details on the sign-up page
- Select a broker from the drop-down list of available brokers
- Deposit funds in your account and share a screenshot of your funded account with the company
- Sign a contract with the company concerning the profit sharing ratio and share your MT4 login details with the company.
16. Do You Get Customer Support At Forex92?
Yes, forex92 offers exceptional customer support to its clients round the clock. Clients are facilitated in various languages of the world. To contact the company following details can be used.
Telephone:+357-25123308
Email:trading@forex92.com
URL: www.forex92.com