Managed Forex Accounts have gained enormous aspiration recently when investors witnessed a speedy recovery of their of their capital injections with some quick profits in hand in relatively a short span of time. Besides the fact that investment in forex is riskier, managed forex accounts are considered safe. Because managed accounts are traded by industry’ experts who have years of trading experience. As far as the trading risk is concerned, it is the volatility level of the market that leaves traders unsure about abrupt price changes of underlying financial instruments. Fund managers with in-depth market knowledge and previous trading experience can understand the market conditions way better than an inexperienced trader who has just started off. Therefore, the risk is well diversified by opening a managed forex account. In this piece, we discuss, how to open a managed forex account for Greece Citizens.
What Is A Managed Forex Account?
Managed forex account is a type of investment account which is opened with a forex broker or some fund management company to make profits. In this account, investors are not actively involved in the day to day trading, instead, funds are managed by a team of expert professional traders who trade on your behalf for a pre-decided fee and help you double your investment as soon as possible. The main aim of managed forex account is to help those who traders in making quick profits who are new to forex trading. However, experienced traders can also sign up for a managed forex accounts to save them the time and extra effort needed to trade forex successfully.
How To Open A Managed Forex Account In Greece?
To sign up for a managed forex account in Greece, a forex broker or a company is needed to be contacted. There are many online forex brokers and fund managing companies offering managed forex account services. However, a lot of them are nothing but fake. Therefore, you need to be very careful with your investment before you finally decide to go opening an account with some company. Also, check for the regulation status of the company of the broker you are about to sign up with. Regulation makes entities to abide by the rules and regulations in place by their respective regulatory authorities and hence your investment stays well protected.
Who Regulates Forex Brokers In Greece?
In Greece, there are multiple regulatory bodies in function which are tasked to monitor and regulated concerned financial entities. The “HCMC” Hellenic Capital Market Commission is responsible to look after the affairs of brokers in capital and investment market in Greece.
What Is Forex92?
Forex92 is a fund management company which offers investment and portfolio management solutions to its clients by working with the world’s top rate brokers. The company was established in 2014 and is headquartered in Limassol, Cyprus. Forex92 has an effective risk management model in place and has got a team of professional traders with years of experience and sound market knowledge.
The company offers customized investment solutions to its clients depending upon the level of risk they are willing to take and keeping in view the individual needs of customers. It also provides full-time customer support to its clients to help them known the information they seek on a timely basis. Together with other services such as forex signals, investment, and portfolio management, working capital management, it offers three types of managed forex accounts mentioned below;
Let’s have a quick look at each of them;
Personal Managed Forex Account
In personal managed forex account, clients can expect a return of 10% to 15% a month. The company follows a risk-averse trading strategy to ensure the trading risk is kept low, however, the risk of loss in a personal managed account is a little higher as compared to other types of managed forex accounts. The minimum amount that needs to be deposited in the personal managed accounts starts with $1000 only. The company charges a flat rate of management fee which equals 30% of the profit earned in the account. It is to be noted that no fee is charged in case of a loss occurs.
Business Managed Forex Account
In this type of account, the minimum investment starts from $10,000. Clients are offered a return of 15% to 25% each month with a little risk of loss. The company offers a business account to its corporate clients seeking investment opportunities in forex for their reserve funds. The trading risk offered in business managed forex account.
Crypto Managed Account
Investors looking to invest in digital assets are welcome to sign for a crypto managed account with forex92. Clients can get started for $10,000 deposit only. The monthly return of crypto managed account is higher than the other two types of managed forex accounts such as 50% to 1000% a month. As far as the trading risk in a crypto managed account is concerned, the company keeps it negligible. Clients can enjoy risk-free investment opportunity along with dedicated support from their account manager by signing up for crypto managed accounts.
Is Forex92 A Scam Company?
No, forex92 is not a scam company. It is one of the legitimate companies offering best-managed forex accounts to its clients all across the globe. The company works in collaboration with regulated brokers of the world and holds an excellent trading history which is verifiable by visiting the official website of the company.
Customer Support
Forex92 pays special attention to customer services. A team of professional customer support staff remains readily available round the clock to assist customers on a timely basis. Clients at Forex92 are facilitated in the preferred spoken languages to help them know and understand the information they require. The company has provisioned various mediums for its clients to come into contact with it including telephone, email and live chat. To contact the company, following details might help.
Final Words
After a detailed review, we hereby conclude that forex92 is a safe investment source looking to invest in forex. The company works with regulated brokers and offers full-time customer support. It also offers consistent monthly returns on the client’s investment.