If you are one of those looking to invest your money into forex then this article is for you. It’s a fact that forex trading has gone extra miles in scoring skyrocketed popularity over the past few years. People from all over the world joined forex to benefit from its limitless opportunities and live a financially sound life. However, there are numerous cases reported as well where people have gone liquidated because of the unexpected market moves. Forex market is known to have world’s highest volatility levels and it can be disastrous at times if effective money management strategy or safety precautions such as negative balance protection, hedging funds, and managed forex accounts are not used. In this piece we discuss one of these safety measures “managed forex accounts”.
Before we discuss
What Is Managed Forex Account?
It is an account which is opened with a forex broker or a company dealing in forex trading. The broker or the company offering funds management services provides you trading assistance by managing your funds on your behalf. The company’s most experienced staff takes care of your investment and places profitable trades using their experience and expertise. The company offering investment management solutions have got optimal trading strategy in place to avoid the financial risk associated with the forex market. It is to be noted that fund management services are offered for a share of profit in your account as their fee for offering management services.
How To Open A Managed Forex Account?
Managed forex account can be opened by getting registered online with any broker or a company as long as it deals with the forex trading and holds a regulated status. It needs to be deposited with the amount you wish to start with. After depositing the amount, a contract takes place between you and the broker of the company you have signed up for. Then, you need to share your login credentials with the company in order to start it managing your account.
What Is A Difference Between Regulated & Non-Regulated Company?
Regulated companies are the ones which follows rules and regulations in place by their respective regulatory authorities. Earlier, when there was no rules and regulations defined for the concerned entities, various incidents took place where people were betrayed by their brokers or the companies offering investment management solutions committed financial abuse. Later, it was decided to come up with regulatory standards for all the company’s dealing with public money to financial this kind of unwanted issues in the future. However, since the forex market is so big and almost hundreds of brokers join the forex market every passing day, therefore one must ensure the regulation status of the company before doing any kind of investment activity with it. Remember, consumer courts may refuse to hear any proceedings against a non-regulated broker in case you fell a victim of one such broker.
What Is Forex92?
It’s a funds management company offering investment solutions to its clients in collaboration with world’s most trusted brokers. The company has signed a memorandum with regulated brokers of the world to offer world’s class trading assistance. It was found in 2014 and its been almost five years since the company is fetching reasonable profits to its clients every month. It has a team of expert forex traders who are professionally sound and have proven trading experience to help clients go profiting. It also provides forex signals and technical analysis to those customer who wish to trade themselves. The company offers three types of managed forex accounts listed below;
Personal Managed Account
Clients can sign up for a personal managed account with forex92 for a deposit of $5000 only. In this account an average monthly return of 10% to 15% is offered with a moderate level of risk and 24/7 customer support.
Business Managed Account
This account is offered to corporate customers for an initial deposit of $10,000 or more. People can expect a monthly return of 15% to 25% on this account. The trading risk in this account is less than that of a personal managed account.
Executive Managed Account
Starting with a minimum investment of $10,000, this account brings clients a monthly return of 25% to 35% with a little or no exposure to forex trading risk at all. Clients are also offered a personal support manager and one to one trading session to help them known their standings and how to maximize their returns.
Is Forex92 A Scam?
No, forex92 is not a scam. It is one of the most legitimate companies around the world. The company works regulated brokers of the world and holds an excellent trading history. Clients can verify the trading record of the company by visiting the trading performance page of the company.
Customer Support
Forex92 offers multilingual customer support to its clients round the clock. The company facilitates its clients in their preferred spoken languages in order to help them understand better. The company has provisioned various communication methods for its clients including telephone, email and liver chat support. People may find contact details on the company’s contact us page.
Final Words
After a detailed review of the company, we hereby conclude that forex92 is a legitimate company which offers sensible monthly returns for a low cost of managed accounts. It works with regulated brokers only and provides full time customer support. We believe it is going to be a big name in the forex industry soon. People should try themselves by investing with it. We believe they would start loving it.