Forex trading is becoming increasingly popular all around the world so does in Spain. Over the past couple of years, Spanish people have shown a keen interest in trading currencies in the forex market, revealed by a recent study. So far this is good since forex trading can help people to meet their financial objectives much quicker than any other sort of investment. However, there have been several cases reported where people have gone bankrupt while trading forex. As a matter of fact, there is a high intensity of risk is involved with trading currencies and you must have some sound market knowledge and enough trading experience to go through all inefficiencies of the forex world. Today, we discuss managed forex accounts and their legal standings for the Spanish citizens.
What Is Mean by A Managed Forex Account?
Managed forex account means a type of investment account which is managed by forex fund managers on behalf of owners of the account for a pre-decided fee. Managed forex account works best for those who don’t find enough time available to trade forex themselves, or the novice traders who know nothing about the forex world. It’s one of the best sources to invest your money into forex and generate yourself a smooth stream of income.
Is It Legal To Open a Managed Forex Account In Spain?
Yes, forex managed accounts are legal in Spain. Spanish government appears to have a rigid regulatory framework as far as investment in securities is concerned. The “Banco de España” is tasked to monitor finance sector institutes such as banks whereas SSMC is responsible to define and implement regulatory procedures for all public and private sector finance and investment-oriented entities such a forex brokers and insurance companies. These organizations keep evaluating the need of precautionary measure and take necessary steps to safeguard the public interest from time to time.
Forex Regulation In Spain and “SSMC”
As mentioned earlier, the government of Spain has established strict forex regulatory rules and procedures for concerned entities to follow. The Spanish Securities Market Commission looks after the forex and investment market thereby making involved participants to abide by the laws in place. The SSMC makes sure that forex brokers work in line with anti-money laundering agencies and do their best to protect their clients’ financial health.
How To Open A Managed Forex Account?
Opening a managed forex account needs you to have an account with a forex broker or a company offering investment management services. Once you are done locating your favorite company, you may proceed with it by signing up a contract in which terms and conditions are defined. Remember, do not sign any contract before reading it thoroughly and make sure that there is no clause written which conditionally or unconditionally compromises your legal right to claim profits.
Where I can find the Best Company Offering Forex Managed Account Services?
Since forex market is a virtual market which can be accessed online from anywhere in the world, therefore, the same goes with companies and brokers with whom you can sign up without any geographical limitation. All you need is to make sure that the broker you open an account with is registered in Spain or is allowed to operate within the Spanish market. You can use a computer or any internet supported device to locate the best company offering forex managed account service such as forex92.
What Is Forex92?
Forex92 is an investment and portfolio management company which offers customized investment solutions to its clients all across the globe. The company is registered in Limassol Cyprus with its sub-offices located worldwide including Spain. The company has a team of expert forex fund managers and professional traders with years of experience in the same field. Other than managed forex accounts, the company also offers forex signals as well as fundamental and technical analysis. It works only with regulated brokers of the world. The company has special managed forex accounts available for people interest in trading forex.
Let’s check out each of them;
Personal Managed Forex Account
Clients with small investments can open a personal managed forex account with the company. The minimum amount that needs to be deposited in the account to get started is as little as $1000 only. The company offers a moderate level of risk management in this account with a 10% to 15% of returns.
Business Managed Forex Account
Forex92 offers a business managed accounts to its corporate clients with a limited risk exposure and smooth returns of up to 25%. The company requires a minimum balance of $10,000 from its business class customers to get started with it.
Crypto Managed Account
Forex92 also offers a cryptocurrency account to its customers wishing to invest their funds in digital currencies. With the help of crypto managed accounts, clients can avail the risk-free investment opportunity with a monthly return of up to 100%.
Is Forex92 A Scam Company?
No, it is not a scam company. Forex92 is one of the highly rated companies in the category of funds management companies. The company is in the business for more than 04 years and is successfully delivering world-class investment opportunities. It also holds an excellent trading history which can be verified any time by visiting the company’s official website.
Customer Support
Forex92 offers exceedingly super class customer support to its customers round the clock. The multilingual customer support staff remains available round the clock to assist customers visiting the company’s official website.
- 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 companies for investment purposes. The company works in collaboration with the world’s most trusted brokers and offers low cost managed forex accounts. To ensure maximum protection of clients’ funds, the company incorporates risk-averse trading strategies. The wonderful customer support staff makes customer services experience even much more enjoyable at forex92. We believe the company really worth opening an account with.