Ever since the concept of managed forex accounts came into existence, investment in forex has become hassle-free. People wishing to invest their money into forex can get started right away irrespective of the fact that they have got any previous trading experience or not. You even do not have to hold any basic market knowledge. All is required is to sign up for a managed forex account with some reliable funds management company and you are done. The best part is that the risk associated with forex trading is well diversified by opening a managed forex account since your investment is likely to be taken care of by expert professional traders having years of experience in the same field. Today, we discuss how to sign up for a managed forex account for Germany Citizens.
What Is Meant By A Managed Forex Account?
Managed forex account is a type of investment account which is opened for making profits with the help of professional traders in forex. Investors fund their account and hand it over to the company offering funds management services or to brokers dealing in forex to look after their funds, trade on investors’ behalf and help them in generating quick cash. This arrangement usually follows a contract between investors and fund managers concerning the profit sharing element and the permission to use investors MT4 login credentials for trading purposes. The majority beneficiaries of managed forex accounts are investors having no previous trading experience or basic market knowledge of the forex market.
How To Open A Managed Forex Account?
Opening up a managed forex account is not so difficult. All you need is to locate a reliable company or forex broker. Once you are done with your search, you can go ahead signing up a written contract with it deciding the profit allocation percentage well in advance. You may also need to fund your account with the minimum amount specified by the company or broker you have chosen. Always double check that the broker or the company you are going to open a managed forex account with is regulated or has the permission to operate within the country of your residence. It is essential for your funds’ protection since filing a case against a company which is barred to operate in your country would be of no use if anything goes wrong.
Is It legal To Open A Managed Forex Account In Germany?
Yes, it is perfectly legal to sign up for a managed forex account. The government of Germany has provisionally allowed all concerned entities dealing with forex to operate within the country as long as they abide by the laws and regulations in place. The country has a serious of strict rules and regulations in place for investment in forex to ensure the wellbeing of its citizens’ financial health. The “BaFIN” takes care of all financial transactions taking place in regards to the forex market.
What Is “BaFIN”?
The BaFIN (Bundesanstalt fur Finanzdienstleistungsaufsicht also known as Federal Financial Supervisory Authority is responsible for monitoring all finance oriented entities including banks and forex brokers. The entity keeps reviewing the need of amendment in regulations from time to time to stay in line with modern age requirements thereby ensuring the public interest.
Where to Look For Reliable Company Offering Managed Forex Accounts
Finding a reliable company offering managed forex account could have been difficult if search engines were not introduced. Things have changed now, you only need a computer or tablet device connected to the internet to locate your favorite company. By stroking your keywords into the search bar of a search engine, hundreds of links will be displayed to multiple forex brokers and differing fund management companies. You can go ahead with the company having more positive reviews. Just make sure that the company is legitimate such as forex92.
What Is Forex92?
Forex92 is a fund management company offering investment solutions to its clients all around the globe. The company works in collaboration with various regulated brokers of the world ensuring maximum safety of clients’ funds. The company was established in 2014 and is headquartered in the Limassol, Cyprus. It has a team of expert trading professionals as well and investment gurus with years of experience in the same field. The company offers realistic returns to its clients every month.
Type Of Managed Forex Accounts Offered At Forex92?
Forex92 offers three types of managed forex accounts at times including personal managed forex account, the business managed forex account and crypto managed account. Let’s take a look at all of them one by one;
Personal Forex Managed Account
It is one of the simplest accounts being offered by the company. Clients with limited availability of funds can start with this account. The company asks for as little deposit as $1000 from its holders to get started with the company. With a moderate level of risk holders of this account can expect a return on 10% to 15% a month.
Business Managed Account
Forex92 offers a business managed account to its corporate investors. Companies looking to invest in forex can open this account by depositing a minimum amount of $10,000. The company offers a monthly return of 15% to 25% each month in business managed account altogether with a limited risk exposure.
Crypto Managed Account
It is kind of a premium account reserved for traders interested in cryptocurrencies. Clients are offered a risk-free investment opportunity with 50% to 100% returns on clients’ investment each month for just $10,000. A personal account manager is also available in a crypto managed account
Customer Services
Forex92 offers multilingual customer services to its clients round the clock. People can communicate the company following multiple methods including telephone, email and live chat. To establish a contact with the company following details can be used.
- Telephone: +357-25123308
- Email:trading@forex92.com
- URL: www.forex92.com
Final Words
We reviewed forex92 thoroughly and found it to be one of the best funds management companies. The company offers consistent monthly returns to its clients for a low cost managed forex accounts. It also offers excellent customer support to its clients 24/7. The company works in collaboration with regulated brokers of the world, therefore, is extremely safe for investment purposes. We suggest people should try it for once.