Forex trading has gained the unusual interest of traders ever since the concept of managed forex accounts came into existence. There were many who tried trading forex but failed, due to lack of market knowledge of previous exposure to investment and securities market. This was also observed by key market players and expert professionals which then instigate the idea to provide trading assistance to inexperienced professional traders. Obviously, this could help them bring more clients into business and generate more opportunities for clients to make money fast. Today, we discuss how to sign up for a managed forex accounts in South Korea.
What Is A Managed Forex Account?
Managed forex accounts represent an investment account which is opened with a forex broker or a fund management company to make profits with the help of professional traders. Investors make fund managers trade on their behalf for an agreed sum of money. Managed forex accounts are customizable in a sense that you can choose the level of risk that you doesn’t want your fund managers to exceed. You can also decide the money management strategy. However, it is better to give your fund managers a free hand as long as they remain profitable.
Is It Legally Allowed To Sign Up For A Managed Forex Account In South Korea?
Although South Korean government has strict rules and procedure with regards to forex, securities and investment market. However, signing up for a managed forex account in South Korea is allowed as long as it is opened with a legitimate company which has obtained a license from the KFSS.
What Is “KFSS”?
The “KFSS” stands for Korean Financial Supervisory Service which looks after all the financial affairs concerning forex brokers and other financial institutions. The body is tasked to monitor the financial activities of the concerned entities and regulate them by ensuring best practices to safeguard the public money.
Why Managed Forex Account? Why Shouldn’t You Trade Yourself?
Forex trading is most of the time taken as for granted by many of the traders around the world. It may look easy but is not so. This is the reason why most of the traders fail to pocket profits instead they end up having a negative balance in their account. Forex market is known to have the highest volatility level and great risk associated. As an estimate, it undergoes a trading volume of more than 5.3 trillion dollars a day. There is an increased risk of loss if you are not well versed with all the ups and downs of the forex market. Forex managed accounts help you stay protected from the unexpected loss since these accounts are traded by industry’s most experienced traders.
Who Offer Managed Forex Accounts?
Managed forex accounts are usually offered by forex brokers. However, there are many fund management companies who have started offering the same services for even a lower cost of the fee. But the issue is that most of the companies of forex brokers are good for nothing, until or unless they aren’t regulated. Make sure that the company you select to open a managed forex account with is regulated such as forex92.
What Is Forex92?
Forex92 is an investment and portfolio management company offering managed forex accounts to its clients all across the globe. The company is headquartered in Limassol, Cyprus. It works with the world’s most reputable brokers which have been regulated by various respectable regulatory bodies such as ASIC, CySEC and FCA. The company has a team of professional traders and investment specialist with years of trading experience. The company offers 24/7 customer support to its clients and consistent monthly returns for a low cost managed forex accounts. In addition to managed forex accounts, it also offers forex signals, capital management, and copy trading services.
How Many Types Of Managed Forex Accounts Are Available at Forex92?
At times, there are three types of managed forex accounts available at forex92, detailed below;
- Personal Managed Forex Account
- Business Managed Forex Account
- Crypto Managed Account
Personal Managed Forex Account
The personal managed forex account is the simplest type of managed forex accounts being offered at forex92. It starts with an investment of $1000 and generates you a return of 10% to 15% a month. The trading risk associated with this account is of moderate level, however, clients can upgrade their account anytime by depositing more funds into their account to subscribe risk-free investment opportunity with the company.
Business Managed Forex Account
Business managed forex account is offered to the corporate sector for a minimum investment of $10,000. Clients holding corporate managed forex accounts can expect a monthly return of 15% to 25% on their investment. The trading risk in business managed forex account is also low as compared to that of personal managed forex accounts. Clients are also provided a personal support manager to raise their trading concerns with.
Crypto Managed Account
In a crypto managed account digital assets are traded and expected return is also higher than any other type of account available at forex92. Clients can get started with this account for a minimum of $10,000. This account comes with zero risk investment opportunity and is, therefore, the best alternative for traders wishing to go for risk-free investment. The company also offers its clients support from a personal dedicated account manager round the clock.
Is Forex92 A legitimate Company?
Yes, forex92 is absolutely a legitimate company. Its been in the business for more than past 04 years. It works with regulated brokers of the world and holds an excellent trading record which it keeps sharing with its clients from time to time. Clients are welcomed to verify the company’s trading performance by visiting the link www.forex92.com.
Customer Support
Forex92 offers multilingual customer support to its clients round the clock. The company has professional customer support staff available to assist clients via different communication methods including telephone, email and web chat. Customers can contact the company using the following details;
- Telephone: +357-25123308
- Email: trading@forex92.com
- Web: www.forex92.com
Final Words
After a detailed review of the company, we hereby conclude that forex92 is going to be a game changer soon since it offers risk-free investment opportunities for highly affordable rates. The company also provides consistent monthly returns and 24 hours customer support which in turns makes the company most loveable indeed.