Forex trading has become increasingly popular during the last five to seven years. Likewise, the rest of the world, people in UAE show more interest in trading currencies as compared to that of stocks, commodities or any other tradeable financial instruments. This is due to the unlimited profit-making potential of the forex market. However, trading forex may not be that easier as you may perceive it. You need to have a sound market knowledge and a handy experience in order to trade forex successfully. Therefore, if you wish to invest in forex, managed forex accounts can be the best way to do so. Before we move further, let us present you a little insight of the forex market so you may have a better understanding with regards to the risk associated with the forex industry.
Forex market is known as one of the biggest markets of the world. As per a general estimate, it has a daily turnover of around 5.3 trillion dollars or even more than that. It is also considered as the most liquid market in the world. Talking about volatility level, it can make anyone go liquidated in all of a sudden especially in the fast-moving market where it becomes difficult for even experienced traders to stay unharmed. This is why it’s a good idea to go for a managed forex account in the beginning. However, you can start trading on your own when you have gained enough trading experience.
What Is Meant by Managed Forex Accounts?
Managed forex accounts are a type of investment accounts in which investors seek professional assistance to get their funds managed for a fee. Managed forex accounts are opened with brokers or investment companies and are traded by their professional forex traders in pursuit of a contract which takes place between a company and clients. The contract usually contains the profit-sharing agreement and the permission to use the client’s account for trading purposes.
Dubai Financial Services Authority and Managed Forex Accounts In UAE
In Dubai, the Dubai Financial Services Authority takes care of all matters concerning regulation of financial entities. Therefore, entities providing managed forex account services need to obey certain rules and regulation in order to be allowed to carry out their business operations in Dubai. Forex brokers and some financial intermediaries usually have this facility available with them.
There may be some individual forex traders with years of experience in the forex industry can be asked to manage your account. However, it is not appreciated. Individual traders are unlikely to be regulated by any regulatory authority and therefore may not be as safe as regulated companies are. Regulated companies are bound to abide by laws and regulations in place by their respective regulatory bodies. Therefore, your investment is likely to be safer with regulated brokers or companies.
What To Expect From Managed Accounts?
Managed forex accounts are easy to open and simple to handle. You don’t have to be very much concerned about your investment. All you are required is so sit back relax and watch the industry’s most experienced traders placing trades in your account and making you profit.
Managed forex accounts are less risky as compared to personal trading. Obviously, managed accounts are traded by expert traders having years of experience in the forex industry, they are likely to place trades following best trading conditions and probably incorporating right amount of risk. Therefore, your exposure to the risk of loss is reduced.
Managed forex accounts can make you learn forex trading effectively since you are not trading yourself, therefore, you don’t feel any pressure and with relax mind frame observes each and every trade carefully. You can also request a customized report of your trading account so you may know what needs to be done in certain situations as it has been done by the team managing your investments.
Managed forex accounts are highly liquid. There are no restrictions in place with respect to the withdrawal of funds. You are free to withdraw your funds as and when you wish to do so.
Managed forex accounts are inexpensive. Only a fraction of profits percentage needs to be shared with the company managing your investment accounts. Usually, it varies from 10% to 20% at max. This is surely far better than trading forex yourself and losing all of your investment in all of a sudden.
Scam Alert
Since the market is full of scams, you need to be very careful before investing your money with any company. Always make sure that the company you select to open a managed forex account with is legitimate. Legitimation of a company can be confirmed by looking at its regulation status. Id the company is regulated, then you are good to go with it. A reputable regulated company should be your only choice to open an account with such as forex92.
What Is Forex92?
Forex92 is an investment management company offering investment solutions to its clients all across the globe. The company was formed in 2014 and is headquartered in Limassol, Cyprus. The company has a team of professional forex traders and investment experts having years of experience in the forex world. The company offers low cost managed forex account with consistent monthly returns. It also clients to invest in crypto managed accounts offering them even greater returns.
Is Forex92 a Scam?
No, it is not. The company works with fully regulated brokers of the world. It holds an excellent verifiable trading record. It keeps posted its clients concerning its latest trading performance on regular basis. The company’s trading performance can be verified by accessing the “verified performance” link available at www.forex92.com
How To Get Started With Forex92?
People who wish to get their accounts managed by the forex92 need to follow the steps mentioned below.
- Open www.forex92.com
- Select “Managed forex accounts”
- Select your favorite broker from the list of available brokers at www.forex92.com
- Deposit funds in your account i-e $1000 min.
- Sign a contract with the company and share your MT4 login details with it.
Customer Support
The company offers full-time customer support to its clients round the clock. Clients can access the company using multiple methods which include a telephone line, email and a web chat interface. Following details can be used for the same;
Tele: +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 one of the best investment management companies available around. Together with monthly consistent returns, it provides excellent multilingual customer support to its clients round the clock. Its low cost managed forex account and an opportunity to invest in cryptocurrency also makes it likable for many investors around the world.