Forex trading has a lot of scope when it comes to making profit online. However it also needs you to have a sound market knowledge and hands-on trading experience before you start skimming profits out of it. You might wonder what if someone is new to forex and would like to start trading to earn a wealthy life? Here is the answer, “forex managed accounts”. In earlier days, it was difficult for new joiners to crave out profit while trading forex, but now things have been changed. You can start making profit from the day you joined the forex. Managed forex accounts can help you to do so. In this piece, we discuss the “ifs” and “buts” of managed forex accounts.
What Is A Managed Forex Account?
An account which is opened for investment purposes in the forex market is known as a Forex account. When it is handed over to a professional trader to trade on your behalf, it become managed forex account. The ownership of the account stays the same, it’s just the management side which is traffered to the part managing your account. Remember, this is just a limited access to your account where you fund manager can only place trades on your behalf and that’s it. The ultimate control of a managed forex account remains within your control as to when and how much amount you wish to inject or withdraw out of your account.
Forex In Bangladesh
In Bangladesh, forex trading entities are being managed by Central Bank of Bangladesh (CBB). It defines the SOPs for all concerned entities and trading in forex is allowed to only authorize brokers and money exchange merchants. As far as the broker of the company you open a managed forex account with is legal, it is perfectly fine to open a managed forex account in Bangladesh.
How To Open A Managed Forex Account?
To open a managed forex account, you need to locate a broker of a fund management company offering managed forex account services. Once the company is located, the account opening is the next step. Please be caution that the forex market is said to have so many scams out there due to being overly populated by every day brokers hitting the market after every other day. Therefore, you need to be very careful before signing up with any company or a broker. Always make sure that the company or the broker you are about to open an account with is legitimate.
How To Know If The Broker Or Company Is Regulated?
Checking the regulation status of the company is not a big deal. Most of the legitimate companies believe it to be an integral part of their services to inform the potential customer about their regulation status. You can directly ask by the broker to provide you the same. Remember, there could be some obnoxious elements as well so you have to get it verified from the concerned regulatory body. You can also check their credibility score from the different ranking websites which keeps updating their catalogue of good and bad brokers from time to time depending upon the services and quality components of brokers all around the world. If you are living in Bangladesh, you can apply a filter to your search and you country specific best forex brokers will be displayed to you.
What Is Forex92?
Forex92 is a fund management company. It offers investment solutions to its clients and help them generating money online via forex trading. The company was established almost 5 years ago. It is head quartered in Limassol, Cyprus. The company has a team of expert forex traders and industry specialists having years of trading experience in the same industry. It works with regulated brokers of the world to ensure the safety of its clients’ funds. It also offers excellent customer support to its clients round the clock in order to serve them better.
What Services Does Forex92 Offer?
Forex92 offers multiple investment solutions to its clinets including forex signals, technical analysis, funds management and referral programs. However, it is well known for its best managed forex accounts. The company is offering three types of managed forex accounts at present, listed below.
Personal Managed Forex Account
The simple yet attractive account for small investments. It brings you a return of 10% to 15% a month for just a $5000 deposit. The moderate level of risk is well diversified with effective money management strategy in this account and the investors enjoy the continuous growth of their money every month.
Business Managed Forex Account
Talking about the business managed forex account, we suggest people willing to greater market exposure should open this account. Since the trading risk in this account is of minimal level therefore, it needs to be funded with bulk payments. Although, 10,000 is not a big deal for corporate customers but it is something that would pace up your money growth by bringing you a return of 15% to 25 a month.
Executive Managed Forex Account
It is the supreme class of the account being offered at forex92. The company takes the privilege to offer most satisfying account to its stakeholders. The minimum amount to open this account starts from $10,000. The rate of return being offered by the company to its executive account holders is between 30% to 35% a month. The trading risk in this account is almost negligible.
Is Forex92 A Legitmate Company?
Yes, forex92 is legitimate company. The company holds exceptional trading record which is keeps sharing with its clients at regular interval. Clients can verify the trading history of the company by visiting the official website of the company.
Customer Services
The company offers 24/7 customer support to its clients. People can talk to the company’s representatives via telephone, email or live chat. The company contact details are available on the “contact us” page.
Final Words
Fore92 is the company recommended by most of the third party independent reviewers. The company has grown its number of satisfied customers over the years and is continuously striving to become one of the favorite of all times. After a detailed review of the company, we hereby conclude that the company works in collaboration with world’s regulated brokers and operates in absolute safe environment. The company deserves to be given a try for once at least.