Forums » News and Announcements
Best Managed Forex Accounts – Find the Right Account For You
-
Best Managed Forex Accounts – Find the Right Account For You
Did you know that the best managed forex accounts can trade your capital for you? Many of the world’s top brokers have invested in technology which allows traders to build additional sources of revenue. To get more news about best managed forex accounts, you can visit wikifx.com official website.
Having a managed forex trading account is becoming increasingly popular. Unfortunately, this demand has led to a lot of the best forex managed accounts being mixed up with the bad ones.
In this Best Managed Forex Accounts guide, we go through the top 10 forex managed accounts for you to get started with, the fees involved as well as the benefits and risks you need to know about.
Best Managed Forex Accounts List 2021
There are literally thousands, if not millions, of traders offering forex managed funds. But, only a small selection would be considered among the best managed forex accounts to use.It can be extremely time-consuming to research the different providers and then check their quality and safety. Fortunately, we’ve done this hard work for you by creating a list of the top 10 forex managed accounts for this year.
In this section, we go through the top 5 best forex managed accounts so you can learn more about their features, pros, and cons, as well as how to open an account with them and get started.1. eToro – Largest Selection of Fee-Free Managed Forex Accounts via CopyPortfolios
etoro brokereToro is the world’s largest social trading and copy trading platform. More than 20 million people around the world use eToro for their managed forex trading account service. In fact, the broker offers managed accounts in a variety of asset classes including CFDs on commodities, forex, and indices, and real cryptocurrency and stocks.One reason eToro is considered one of the best forex managed account providers is due to its revolutionary CopyPortfolio feature. This is where you can invest in portfolios designed by the in-house dedicated investment team. You can also access the CopyTrader feature where you can find individual forex traders to manage your funds.
One of the best features of the eToro platform is that you can find the best forex managed accounts for yourself! The top of the platform has a filter where you can put in the criteria you are most happy with regarding overall risk, drawdown, returns, etc. Then it will populate a list of forex traders that meet your criteria who can effectively become your money manager!To start copying their trades and have them effectively manage your capital you simply need to click the Copy icon. It’s as simple as that! To get started you just need to open an account which can be done in a few minutes, deposit funds and then start copying whichever trader you like.
Furthermore, there are zero management fees or revenue share fees. You simply pay the normal spread on the underlying financial instruments the portfolio transacts in. The minimum amount to get started with CopyPortfolios is $5,000 but can be a lot lower with the CopyTrader feature.
2. Dukascopy – Swiss PAMM Broker with Large Selection of Forex Managed Funds
dukascopy bank forex brokerDukascopy is a Swiss forex broker that is also a bank. They were one of the first providers of the PAMM (percent allocation management module) system. This allows Dukascopy Bank clients to have their accounts managed by a trader via a trading limited power of attorney (LPOA).The bank is keen to state that they do not endorse, represent or participate in any way with the professional traders offering their services via the PAMM system. However, they do offer their own LP PAMM system via the Dukascopy Wealth Management team who effectively acts as your account manager.