Have you ever tried investing your money into forex? If so, we are confident that you have had a good experience. If by chance it wasn’t then we doubt you didn’t prepare well. What we mean to say that forex trading can be extremely profitable if you plan wisely. Considering the fact that is one of the most highly volatile markets of the world, you need to have sound market knowledge and hands-on trading experience before you start placing profitable trades. However, if you are not experienced than you have got some alternate method of investing your money into forex which is commonly known as managed forex account. Today, we discuss all about how to open managed forex accounts for Cyprus citizens.
What Is Managed Forex Account? Why It Is Opened?
Managed forex account is a type of investment account in which investors ask professional traders to manage their funds by trading on their behalf and help them in generating profit. This arrangement involves an agreement between investors and professional traders concerning profit allocation and authorization of MT4 login’s credentials required for the trading purpose, in general. In managed forex accounts, funds are supposed to be safer as compared to personal trading since money managers trading on your behalf are likely to be more experienced than you and known how to go for safe trading better than you.
Is It Legal To Sign Up For A Managed Forex Account In Cyprus?
Yes, it is absolutely fine to sign up for a managed forex account in Cyprus. The government of Cyprus appreciates people to put their money into capital and investment market to help them become financially strong. In Cyprus, there are well-defined rules and regulations in place which finance oriented entities need to follow in order to continue offering their services to the people of Cyprus. Contrary to the strict regulatory framework as in the US, the Cyprus market is quite flexible. Brokers around the world are welcome to operate in jurisdictions of the country as long as they are not involved in money laundering activities. The CySEC regulates all concerned entities to avoid any financial abuse.
What Is CySEC?
The “CySEC” stands for Cyprus Securities and Exchange Commission which is one of the famous regulatory bodies around the world to monitor financial activities of forex brokers and alike to maintain the sovereign interest and build the confidence of investors so more business is done. The regulatory body ensures that all regulated brokers follow the defined SOPs and act in the best interest of the public.
Who Offers Managed Forex Accounts?
Usually, forex brokers offer funds management services and allow customers to sign up for a managed forex accounts with them. However, some investment and portfolio limited liability companies also offers these services such as forex92. All you need is to make sure that the company you opt to sign up with is legitimate. It should be regulated or be working with regulated brokers of the world. Regulation status of the company can be checked on the regulatory body’s website.
What Is Forex92?
Forex92 is an investment and portfolio management company offering trading services to its clients all around the globe. The company also offers capital management service in addition to other forexes related services such as forex signals, technical analysis, and risk management. The company was established in 2014 and is based in Cyprus. It has a team of experienced forex professionals which brings promising returns to the client’s investment portfolios. The company works in collaboration with regulated brokers of the world only to ensure maximum protection of client’s funds.
What Type Of Managed Forex Accounts Are Offered At Forex92?
Forex92 offers three types of managed forex accounts, as outlined below;
Managed Forex Account (Personal)
It is the basic account with little deposit requirement and works best for small investors. People can expect a monthly return of 10% to 15% of their capital injections in this account against a moderate level of trading risk. It is quick to start with and easy to dissolve. A minimum amount of $1000 needs to be deposited to get this account functional.
Managed Forex Account (Business)
Forex92 offers more returns to its corporate clients as compared to that of personal managed forex account. This is because this account needs bigger amounts to get started with also the risk of trading loss is relatively low in this account. Clients need to deposit a minimum of $10,000 to subscribe the business forex managed account. The monthly return in this account varies in between 15% to 25% a month.
Crypto Managed Account
Those who wish to invest in cryptocurrencies instead of fiat currency may open a crypto managed account with the company. It can be opened for a deposit of $10,000 only and the monthly expected return in this account is around 50% to 100% which is by far the highest level of return offered by forex92 in any account.
Is Forex92 A Scam?
No, forex92 is a legit company. It is in the business for more than four years and is known for best-managed forex account providers. The company holds a remarkable trading history which is verifiable by visiting the company’s official website under “verified performance” tab. The company has a large number of satisfied clients all around the world.
Customer Support
Forex92 pays special attention towards customer satisfaction and therefore keeps its offices open throughout the year. Clients are welcome to contact company any time even on weekends. To establish a contact with the company, following details might be helpful.
- Telephone: +357-25123308
- Email:trading@forex92.com
- URL: www.forex92.com
Final Words
Forex92 is one of the dearest company we’ve ever reviewed so far. Why? Because every information available on the company’s website is pretty in line with what the company is capable of. Clients are facilitated in time, proper guidance with respect to account opening purpose is available. The company operates with regulated brokers and offers consistent monthly returns to its clients to keep their journey of making a profit go smooth.