Forex trading is just not limited to a specific state or a region, people all around the world are welcomed to join forex without any geographical or legal limitations. However, the massive transactional volume of the forex market, an increased risk of fraud, and several incidents of funds manipulation by different brokers and financial intermediaries became the point of concern for various law enforcement and anti-money laundering agencies. Therefore, different regulator bodies came into existence to put a stop to the money abuse and set rules in place to ensure people investment are safe.
Regulation in Australia
Like other major countries of the world, Australian government also felt the need to incorporate a regulatory body to control and monitor financial activities of the concerned entities. Therefore, Australian Securities and Exchange Commission was formed to keep a check and balance on various finance oriented companies and set a rule book for companies allowed to offer managed forex accounts in Australia.
A Little about Forex World
Forex market is one of the biggest markets of the world which undergoes a trading volume of around 5.3 million dollars. It is also considered to be the most liquid and volatile market of the world. On an average, several thousand people from almost all parts of the world join forex every passing day. Unfortunately, more of them remain unsuccessful. The major reason for their failure revolves around the lack of experience. There may well be a case where a few of them might have followed a wrong trading strategy. In short, if you are new to forex trading, it’s better to have some knowledge and experience in the forex industry before investing big amounts.
What Is Meant By Managed Forex Accounts? What Purpose Are They Opened For?
Managed forex accounts are a type of accounts in which professional traders and industry experts manage the investment of clients for an agreed sum of money. In other terms, investors seek professional help in managing their funds efficiently against a pre-defined fee. They are opened with a view to make profits. Since forex trading can be risky if you have no previous experience, therefore, these accounts are usually opened by novice traders. However, sometimes even experienced traders may also choose to open managed forex accounts due to lack of time.
Who Offers Managed Forex Accounts In Australia?
Often companies involved in forex trading offers managed forex accounts. Forex brokers can also be joined to open managed forex accounts. However, due to everyday emerging brokers and investment-oriented companies, the market has almost been full giving rise to a risk of being caught up by a scam broker. Therefore, you must confirm that the company or broker you selected to open a managed forex account with is legitimate and is not banned in Australia.
How To Find A Company Offering Best Managed Forex Accounts In Australia?
As mentioned above, forex trading is not limited to a certain jurisdiction, therefore, residents of Australia are allowed to open their accounts with companies residing outside the country. As long as the company is regulated, your investment is likely to be on the safer side. Coming towards the issue with respect to locating a company which offers best-managed forex accounts, the internet can be used for the same. All you need to do is to enter your keywords in a search engine and thousands of companies will be displayed in front of you such as Forex92. Double check the regulation status of the company you finally select to open a managed forex account with.
Forex92? What Is It? Does It offer Managed Forex Accounts In Australia?
Forex92 is an investment-oriented company offering financial and investment solution to its clients all across the globe. The company is situated in Cyprus and is known to be one of the most reliable companies available around since its inception. It has been more than four years since the company started its operations and is well respected amongst the masses due to its consistent excellent financial services to date. The company comprises of professional forex traders and industry experts who have years of experience in the forex world. Together with fiat currency managed forex accounts, it also offers crypto investment solutions to its clients living in Australia.
Is Forex92 A Scam?
No, not at all. How come a company working with regulated brokers of the world can ever be regarded as a scam? The company has evolved as a big name to provide best financial services across the continent. It holds an excellent trading history. Clients are posted regularly concerning the latest trading performance of the company under “verified performance” tab on the official website of the company. The company offers realistic results to its clients on consistent bases such as 20%-30% on managed forex accounts and 50%-100% on crypto managed accounts.
How To Subscribe Managed Forex Accounts In Australia With Forex92?
People from Australia are more than welcomed to join Forex92. Following few steps mentioned below they can have their account opened without any inconvenience.
- Open www.forex92.com
- Select “Managed Forex Account”
- Select their favorite broker from the dropdown list available at www.forex92.com
- Fund their account with $1000 and confirms their deposit by sending an intimation to the company through an online contact form.
- Sign an agreement and share their MT4 credentials with the company
Customer Services
The company offers 24/7 customer support to its clients. Clients are facilitated in several different languages of the world at forex92.com. The company offers different methods to its clients so they can contact the company. Clients who prefer telephonic communication may call at +357-25123308. Those who feel more convenient to have communication through email can use trading@forex92.com for the same. A live web chat support can also be access anytime.
Final Words
We reviewed forex92 carefully, we found it to be a genuine company offering reliable financial services. The company offers low risk managed forex accounts at competitive rates. It also provides excellent customer support to its customers round the clock. We, therefore, cast our vote in favor of the company declaring it to be a safe investment opportunity for those looking to invest in forex.