Looking to start off on your forex trading journey? Did you make a checklist of all that you need to do?
Reports suggest that 96% forex traders make losses and end up quitting for various reasons like indecisive trading, mismanagement of risks and unfamiliarity with the market. You wouldn’t want to go alone. know that forex trading can be risky. Know that forex trading can be risky. Do not jump into the forex trading market with money you cannot afford to lose. Apart from the technicalities, you need someone who is able to manage funds for you.
Your checklist, for instance, needs to include who you want to set up an account with. Under the strict regulations and complex legalities in the United States, though it is not simple to find a genuine broker.
Utilizing a managed account from a trusted forex trading company can help you avoid the pitfalls and earn better returns. You also have more chances of keeping your loss to a minimum as you are guided by a forex expert experienced in trading.
- Best For Forex and Crypto Trading
- Trading Platform : Mt4 , Web, Desktop
- Broker Type: Offshore Broker
- Scalping : Allowed
- Robots/EA : Allowed
- FIFO Rule / Restrictions: No
What are Managed Forex Accounts?
The foreign exchange market allows its members to trade–buy, sell or exchange–currencies. Participants may include commercial companies, investment management firms, banks, investors, and brokers. Managed Forex Accounts are an opportunity for those who can afford to take serious risks in the forex trading market.
Forex Managed Accounts for US citizens involves trading currencies in the forex market using professional assistance. Investors choosing this method are optimistic to win unusually large profits but are also aware of the severe role of losses.
Why Go for Managed Forex Accounts?
Unlike equities, forex trading focuses on the rise and fall of one currency to the others. Forex trading offers its members exposure to an asset class much different than traditional methods of trading. Those engaging in such trading are looking to hedge risks or recognize the significance of cost shifts in different markets.
Speculators open typical forex accounts and attempt to trade based on their judgments and speculations. The downside to this is it can be dangerous to your funds. Without proper knowledge, forex trading marketing can swallow all your cash. For this purpose, companies like Traders Cap offer Forex Managed Accounts for US citizens. Using professional services let you skip eventual losses faced by inexperienced traders. It also improves the chances of getting the hoped-for returns.
You can also avoid costly beginner's mistakes and begin trading like a pro with the professional guidance of a forex expert.
Who should opt for Managed Forex Accounts?
Managed forex accounts are ideal for investors that possess funds but lack the time or experience for forex trading. It is most adequate for those who wish to minimize risks by seeking professional assistance to handle their capital.
A forex account is an idyllic choice for individuals or organizations wanting to expand in the forex market without being actively involved. It proves beneficial for inexperienced traders who want to benefit from the experience and resources of a professional. In short, a managed forex account is where the capital is yours but not the decisions to buy or sell, which are taken by forex experts who manage your accounts.
So you can opt for managed forex accounts if you-
ü Don't have the required experience in forex trading
ü Lack time and opportunity to manage your investments
ü Want to lower the risks involved in forex trading
ü Looking for sound investment decisions
ü Want to lower your risks as much as possible
Advantages of Forex Managed Accounts
Managed Forex accounts offer multiple benefits to investors who are looking for better returns. A managed forex account may generate a decent return of 4 to 5 for investors. With the best funds, this rate rises to 5 % to 20 % every month.
These accounts also have a maximum drawdown limit that stops trading when the limit crosses. We understand that as an investor you look for the best opportunity to have great returns. We have years of experience backing us, and opening a Managed Forex Account takes just a few clicks.
Here is a look at all that you can get when you open an account with us.
Dedicated Forex Account Managers
You will have a professional manager in charge of your account who makes the trading decision on your behalf. The manager will charge a fixed fee or part of your profit for his services- which means he will always act in your best interest. As a result, your chances of profits become higher.
The prime objective of any investment is to generate a return in the form of profits. Managed forex accounts have greater chances of generating profit as they are managed by experts.
Forex accounts always have the possibility of turning around. Either way, a good professional knows their way around the market. Even if one trade doesn't turn out as per expectations, you can always look forward to earn in other ways.
It is a passive investment requiring minimal inputs or efforts from you. We will take care of everything and keep you in the loop about any updates or development.
Huge risks accompany forex exchange. Inherent risks can be reduced by involving risk control measures available in a managed forex account. Someone who is experienced and has exposure to forex market can help you manage your risks successfully.
Some believe that the account’s security is compromised since the manager has access to it. However, this is not true, and you are in complete control of your Managed Forex Account. You will always have the upper hand and be able to give directions to your account manager whenever needed.
Forex Managed Accounts are known for their high liquidity. Investors can withdraw investments at any point time. You don't need to have your funds locked down for any fixed period of time.
Managed forex accounts nowadays use artificial intelligence-powered solutions and software to cut risks and make accurate forecasts. 49% forex traders feel AI enhances decision making. 62% traders believe AI improves trade execution, while 68% use it for meaningful data analytics to make informed decisions.
Save Time and Effort
You can save a significant amount of time by trading through a managed forex account. The time you save can be spent on growing your career, finding profitable investments and engaging with family and friends.
How to Join Forex Managed Accounts Services
Setting up a Forex Managed Account is quite simple. But before getting started know the two types of ManagedForex Accounts, they are:
A broker handles the investments individually. They make decisions for each account belonging to individual investors rather than a pool of accounts.
Your capital is put in a mutual fund asking with that of other investors. These investments are categorized based on risk tolerance. Traders looking for higher returns may put their money in an account with a higher risk/reward ratio. Similarly, an investor wanting a steady income may do the exact opposite.
Now let’s see how you can put the type of account you just mentally pictured into action.Follow the steps given below and you will have a fully functional managed forex account in no time.
4 Steps to Join Our Managed Forex Account for US Residents
Open Account with Reputed Brokers
Open an account by registering here. If you already have an account with a broker, contact us and we will inform you of the path to take.
For new members, register for an account and continue with the next step.
Fund Your Account
Invest any amount of your choice to the account to help us begin the trading process.
Send Us Trade Only Access
Grant us the necessary permissions to make decisions on your behalf.
Now sit back and watch us generate tremendous returns for your investment.
Frequently Asked Questions
Here are some common questions people usually ask.
Do you offer Managed accounts for US citizens?
Yes, we offer forex managed account for the US traders or Residents.
Do you trade following the FIFO rule?
We trade both in FIFO and Non-FIFO brokers. We have a separate department for trading with FIFO restricted broker. Due to regulations, US regulated broker brokers must maintain FIFO (First In First Out). However, there are some offshore brokers who are doing a great job with reputation. Many US traders are trading with them for the flexibility of trading.
Do you offer MAM facilities for US-based traders?
We offer MAM account facilities for both US and Non-US traders. To join our MAM account, You may open a trading account here.
What is the investment Minimum?
The minimum amount to invest is 25K. However, if you open a trading account with the following broker, you may even start with 10K.
The Bottom Line
A Managed Forex Account allows you to set objectives which the manager strives to complete. Never put your money into an account on a sketchy brokering website. Ensure that the broker you selected is well-reputed and capable. Take time to research your broker, read reviews, and evaluate past performances to make sure your money is in safe hands.
Feel free to try different forex managed account services before settling for the best i.e. Traders Cap. With our Call to Action feature just around the corner, we assure you that your returns will be higher than your expectations. For details on the pricing or any other queries, call or write to us and we will happily oblige.