A managed forex account is where a money manager handles the investments and trading of the client’s account on their behalf.
They manage the client’s account by seeking trading opportunities, adjusting the risk, implementing their own strategies, or even taking input from the client on what they would like to trade on and how.
The world’s most popular FX platforms, the MT4 and the MT5 both feature the possibility of having a money manager manage accounts through them. This is often called a MAMM account.
The brokers below represent the Best Forex Managed Accounts brokers.
3. Bob The Trader
4. Victory Crypto
There are numerous things to consider when opening a managed forex account and you must always be careful when selecting a money manager.
You need to use due diligence ensuring the money manager is reputable and trustworthy. The forex industry is known to have some notable scammers in the past, so extra precautions must be made to guarantee safe and secure management.