Forex trading is considered as one of the best sources to make quick profits. However, the risk associated with forex trading also becomes a point of concerns for traders especially when they are inexperienced. Here managed forex accounts come into play assisting traders to invest in forex confidently. With the help of managed forex accounts, people can diversify the trading risk and expect to generate a smooth income stream with even a limited amount of funds available to invest. Today, we discuss how to open a managed forex accounts for citizens of Ireland.
What Is Mean by A Managed Forex Account?
Managed forex account refers to an investment account which is managed by a team of expert forex traders on behalf of investors for an agreed amount of fee. It involves traders and investors to agree upon certain terms and conditions concerning the profit allocation and risk exposure factor. Once done with all formalities including the minimum deposit, clients need to share their MT4 details with the company so it may start trading on their behalf.
Is It Legal To Open a Managed Forex Account In Ireland?
As far as the legal status of managed forex accounts in Ireland is concerned, then, yes! It ’s perfectly fine to sign up for a managed forex account in Ireland. Irish government tends to enforce strict rules and regulation on investment and securities market in Ireland, however, it allows various forex brokers of the world to enter the Irish market and serve the nation by observing an extreme level of care with respect to the financial health of the people.
What Is “CBI”?
The Central Bank of Ireland (CBI) is the country autonomous body which defines regulatory parameters for all finance oriented entities including banks and other financial institutions. Forex brokers are also regulated by CBI in order to safeguard the interest of investors and avoid any financial irregularities.
How To Open A Managed Forex Account?
To sign up for a managed forex account, you need to locate a company providing financial management services. You can also open a managed forex account with a forex broker. Once done with selecting a company, you may be asked to make an initial deposit following a contract needed to be signed by you. Finally, you are required to share your MetaTrader4 login details with the company so it may start trading your account right away.
Why Managed Forex Account? What Is the Benefit?
Managed forex accounts have a lot of benefits, some of them are listed below;
- Managed forex accounts are cost effective and help you in generating quick returns
- Managed forex accounts are easy to kept and simple to dissolve
- Managed forex accounts hold value for money as they involve less cost as compared to expected profits
- Managed forex accounts are less risky than personal trading
- Managed forex accounts don’t need its holders to have previous trading experience
Where I can find the Best Company Offering Forex Managed Account Services?
Managed forex accounts are mostly offered in line with other trading products by various forex brokers as well as funds management companies. Finding a reliable forex broker offering funds management services can be a tough job. However, online search engines have made the task a lot easier. You can try putting your keywords into the search bar of Google and multiple links to unlimited number companies will be displayed offering funds management services. Make sure that you select the one which is regulated by some reputable regulatory body such as ASIC, FCA, and CySEC such as forex92.
What Is Forex92?
It’s a funds management company offering managed forex accounts for the past four years. The company is based in Cyprus. It’s not been so long that the company started its operation but has gained an overwhelming response from its satisfied clients in almost all parts of the world. The company is well known for offering cost-effective managed forex accounts with consistent monthly returns. The company works with reputable brokers worldwide to ensure the safety of clients’ funds.
Types of Managed Forex Accounts Available at Forex92
Personal Managed Forex Account
Forex92 offers personal managed accounts to its small investors having limited funds available to invest. The minimum of $1000 deposit is required to open a personal managed forex account with the company. The company offers 10% to 15 a month for a moderate level of risk.
Business Managed Forex Account
In business managed account the company offers a return of 15% to 25% each month. The minimum amount that clients need to deposit in this account is $10,000. The risk of loss in the business managed account is relatively low as compared to that of business managed account.
Crypto Managed Account
Those who wish to trade cryptocurrencies can sign up for a crypto managed account with forex92. The company offers the highest returns in this account than any other type of account. Clients can get started for $10,000. The monthly return in crypto managed account it 50% to 100% with no risk of loss.
Is Forex92 A Scam Company?
No forex92 is not a scam company. It Is a legit company offering world’s most rewarding managed forex accounts to its clients for the last four years. The company holds an excellent trading history which can be verified any time by visiting the company’s official website www.forex92.com. The company works with regulated brokers of the world to ensure maximum safety of clients funds which is another added benefit for clients opening managed forex accounts with the company.
Customer Services
Forex92 is well known for providing excellent customer services to its clients round the clock. The company has a team of dedicated staff which remain readily available to assist clients visiting the company’s website 24/7. The company offers multilingual customer support to its customers via the following methods.
- Telephone: +357-25123308
- Email:trading@forex92.com
- URL: www.forex92.com
Conclusion
After a detailed review of the company, we hereby conclude that forex92 offers the world’s best-managed accounts services to its clients around the globe. The company works with regulated brokers of the world and provides excellent customer support round the clock. It also holds an excellent trading record and offers consistent returns to its clients every month. We, therefore, believe that people should give it a try.