Investment in forex has been simplified with managed forex accounts. Investors can now invest in forex without having to worry about the previous trading experience as well as the market knowledge required to trade forex safely. Since the forex market is one of the most liquid markets of the world, therefore, the risk of trading loss is relatively higher than any other source of investment. There have been many cases where people have gone bankrupt overnight due to abrupt negative price movements. However, with managed forex accounts the trading risk can be well diversified. Today, we discuss how people living in Luxembourg can open managed forex accounts.
What Is Mean by A Managed Forex Account?
Managed forex accounts refer to investment accounts in which investors put their money and hire professional traders to trade on their behalf. This trading activity follows a contract between investors and fund managers whereby both parties come in agreement with respect to profit allocation as well as the permission to use clients’ login credentials.
Is It Legal To Open a Managed Forex Account In Luxembourg?
Yes, signing up for managed forex accounts in Luxembourg is absolutely legal. People are allowed to get involved in forex with companies registered in Luxembourg. Forex brokers and other fund management companies located outside Luxembourg need to take permission from the concerned regulatory body (CSSF) to offer their services to the citizens of Luxembourg.
What Is “CSSF”?
Commission de Surveillance du Secteur Financier (CSSF) is the forex regulatory body in Luxembourg. The organization has the authority to regulate all financial entities under the supervision of finance minister. The body ensures that all concerned entities uphold best practices to serve their clients’ interest and stop any financial abuse.
How To Open A Managed Forex Account?
To open a managed forex account you need to locate a reliable company offering fund management services. Usually, forex brokers offer managed forex accounts however some companies dealing in forex trading can also be subscribed to avail the services of managed forex accounts. Once done with the selection of a broker or a company, you then need to fund your account as per the amount specified. This can vary from company to company, usually, it starts from $1000.
Where I can find the Best Company Offering Managed Forex Account Services?
Locating a company offering reliable managed forex account services can be done online. All you need to do is to insert your keywords into the search space of a search engine and you will be amazed that hundreds of links to various forex brokers and funds management services are displayed. Remember, always check the regulation status of the company you plan to open a managed forex account with. It should be regulated by some reputable regulatory body if it’s a broker or should be working with the regulated broker of the worlds if that’s a company providing funds management services such as Forex92.
What Is Forex92?
Forex92 is a fund management company offering investment and portfolio management services to its clients all across the globe. The company is located in Limassol, Cyprus. It has its regional offices located worldwide. It has a team of professional forex traders and industry experts having years of experience in the forex market. The company offers different services with respect to forex such as forex signals, managed forex accounts, technical analysis etc. However, the main product of the company is managed forex accounts, details are mentioned below.
Managed Forex Accounts Types
The company offers three types of accounts to its customers;
Personal Managed Forex Account
Those who wish to start low or have limited funds available to invest in forex can sign up for a personal managed forex account with the company. The company offers a return of 10% to 15% on clients’ investment every with a moderate risk exposure. The minimum deposit to get started with the company in personal managed forex account is $1000.
Business Managed Forex Account
Corporate sector clients are offered a business managed forex account for a starting price of $10,000. The company offers smooth monthly returns of 15% to 25% a month on clients’ investment. The risk of loss in business managed forex account is relatively lower than that of personal managed account.
Crypto Managed Account
To open a crypto managed account client are required to deposit a minimum balance of $10000 with the company. The company offers super exciting returns to its clients in a crypto managed account which starts from 50% to 100% on monthly basis, also the risk of loss in a crypto managed account is just negligible.
Is Forex92 a Scam Company?
No, forex92 is not a scam company. It is one of the most rewarding companies offering smooth monthly returns to its clients. The company is successfully doing business for the past four years. It holds an excellent trading record which can be verified by visiting the company’s official website www.forex92.com under verified performance tab.
Customer Services
Forex92 offers 24/7 customer support services to its clients. The company has multilingual customer support staff which remain busy assisting clients round the clock. Clients can access the company via different methods available including telephone, email and live chat.
- Telephone: +357-25123308
- Email:trading@forex92.com
- URL: www.forex92.com
Conclusion
After a careful review of the company, we hereby conclude that forex92 is a truly legitimate company offering low cost managed forex accounts with consistent monthly returns. The company works in collaboration with regulated brokers only to ensure the maximum safety of the client’s investment. We, therefore, suggest people join forex92 open heartedly and do themselves a favor.