Forex trading has always been the point of attraction for many investors all around the world. People join forex world every other day and a lot of them make a good amount of money in a relatively short period of time. However, forex trading is not as easy as it is generally perceived. There have been several cases reported to date where people have gone bankrupt losing their investments in all of a sudden. You need to have a lot of knowledge and market experience in order to trade forex safely. So, if you are new to the industry, we suggest opening managed forex account. All you need to do is to locate a reliable company offering managed forex accounts in South Africa.
Regulation in South Africa
Owing to the need of setting up a regulatory body to control and monitor entities entrusted with the public money to avoid any financial irregularities, Financial Services Board – FSB was incorporated in South Africa. Its main purpose is to keep a check on various financial service providers and devised strategies to safeguard the public interest.
Why Is Regulation Needed?
Forex market is the world’s biggest market with a daily transactional volume of more than 5.3 trillion dollars. With such high liquidity levels, the risk of financial abuse is massive. In the past, several incidents took place where different financial intermediaries and brokers have manipulated people’s money and ran away. To put a stop to this monetary abuse, concerned authorities have decided to set up a regulation so no such things can happen again.
Managed Forex Accounts? What Do They Do?
Managed forex accounts help people to trade forex safely by getting their investment portfolios managed by expert professional traders. Usually, this arrangement follows a share of profit between the two such as clients and the company. Since the forex market is highly volatile, therefore, it is always better to let professional traders manage your investment instead you go trading on your own. Trading forex yourself can be very risky especially if you have no previous experience. Managed forex account make you able to earn consistent profits every month.
Who Offers Managed Forex Accounts In South Africa?
Companies dealing in forex trading and several forex brokers offer managed forex accounts in South Africa. There may be some individual forex traders offering managed accounts services. However, sticking to a company is suggested since companies are supposed to be regulated and considered safer as compared to individual forex traders.
How To Find A Company Offering Best Managed Forex Accounts In South Africa?
Just like forex trading is not limited to a certain geographical location, people living in South Africa can also go looking for some other companies located outside the country offering best-managed forex accounts. The Internet can be used to find some of the best companies offering managed forex accounts in South Africa. One such company is forex92 that accepts clients from almost all parts of the world including South Africa.
What Is Forex92? Is It One Of The Best Company Offering Managed Forex Accounts In South Africa?
It’s a financial services providing company that offers various financial and investment solutions to its clients all across the world. The company is based in Limassol, Cyprus. It works with reputable brokers of the world that have been regulated by prestigious organizations of the world including ASIC, FCA, CySEC, and FSB etc. The company has a team of professional forex traders and investment specialists with more than 10 years of experience in the forex market. The company offers different financial services such as investment portfolio management, capital rationing, ratio and technical analysis etc. Besides offering the world’s best-managed forex accounts, it also allows investors from South Africa to invest in cryptocurrencies.
Is Forex92 A Legitimate Company?
Yes, forex92 is a legitimate company that works with the world’s most renowned brokers. It offers consistent monthly returns to its customers and provides full-time customer support. The company holds an excellent trading record that can be seen under “verified performance” tab available on the official website of the company. Forex92 offers 20%-30% returns to clients holding managed forex account with the company, whereas clients holding crypto managed accounts can expect a return of 50% to 100% on their investment every month.
How To Subscribe Managed Forex Accounts In South Africa With Forex92?
Getting started with forex92 is way simpler than you might have imagined, follow simple steps enlisted below and you are done.
- Visit www.forex92.com
- Select “Managed Forex Accounts” from the homepage
- Select your desired broker from the drop-down list available at the company’s official website
- Deposit $1000 at least in your live trading account
- Sign an agreement with the company and share your mt4 login details.
Customer Support
Foresx92 offers excellent customer support to its clients round the clock. Multilingual customer support is offered to clients accessing the company’s website from various parts of the world. The company has provision different mediums for establishing contact with it including telephone, email and live chat. People wishing to have a telephonic conversation with the company’s representative may call at +357-25123308. Email can also be sent at trading@forex92.com. A live web chat is available on the official website of the company.
Final Words
After a careful review of the company, we hereby conclude that forex92 is one of the best investment oriented companies we have reviewed so far. The company works with the world’s most trusted brokers and offers full-time customer support. It offers low risk managed forex accounts with consistent monthly returns. We believe the company worth opening an account with. People must give it a try.