Welcome to our Managed forex account services page. Our goal is to manage your investment totally stress-free. We are always ready to manage your Investments with calculated risk and Good returns, we will follow your account 24/5. A managed account is a trading account opened in your name with our recommended brokers and traded by our best professional Forex account manager. The manager only has a right to make trades via the client's terminal but he doesn't have any access to the money on the separately managed account, he/she can't withdraw the money or steal it. At any time you can change the trading password, withdraw the money, open or close the trade (initiated by you as well as by us). Besides, you have full access to this managed account and you can watch the trading process. This service is fully transparent to our clients. Our strategy of trading is fully based on best techniques like Trend Following, Break Out and Trend Reversal, etc, we define perfect entry levels, a defined stop loss, and a set take profit target.

What is Forex Account Management?

Account management in forex is a method of investing in forex where an investor employs the service of a forex account manager to trade a certain amount of capital in the forex market.

The investor sits back while the money manager does the hard work which is to trade the money profitably.

Therefore, this service makes sense for investors who do not have time for trading on their own or do not know how to trade.

Say, for example, you, as an investor have $100,000 and then you need a forex account manager to trade the money for you.

Most times a profit-sharing agreement exists between the investor and the account manager.

For example in my account management service; the profit-sharing formula is basically %70 to %30. The investor takes %70 of the profit while I take %30.

Your job is to put the money in a forex broker account, and then issue trade-only access to your account manager.

This means that the account manager will not be able to withdraw money from the account at any point in time. His or her job is to trade the money on your behalf.

In summary, all this means forex account management involves two groups of people.

1. The investor

2. The forex account manager (the trader)

How Managed Forex Accounts Work

A managed forex account is a normal forex trading account that can be opened on a reputable forex broker.

What makes it a managed account is that the trading will be managed or done by a forex trader whom the owner of the account has employed.

The investor is the sole owner of the account and he will ensure he sets the required restrictions on the account so that third parties will not be able to deposit or withdraw profits from the account.

As a result, the money manager or account manager will be able to perform only trading activities on this type of account.

This account can be gotten from any reputable forex broker.

There are two popular managed forex account types that one can choose from.

1. Individual Managed Forex Account

2. Pamm Account

Individual Managed Forex account

The individual-managed forex account is owned by a person or investor who has deposited a certain amount into the account.

The investor is the sole owner of the account and all profits and losses will be born by the investor.

In most cases, the initial investment capital is usually over $10000.

The investor then is responsible for finding and selecting a forex account manager who will manage or trade the money on his/her behalf.

Pamm Account

A Pamm account stands for Percentage Allocation Management Module

It’s a type of pooled forex account where investors get to allocate some part of their money to a particular forex trader who then trades all the invested capital together to generate profits.

Profits and losses will be shared among investors according to the amount of money they have invested.

Most forex brokers provide Pamm accounts on their platforms.

Examples of Forex Traders that Provide Pamm Accounts:

FXTM

XM

PepperStone Review

Alpari Review – By An Expert Forex Trader

What Is The Work of a Forex Account Manager?

The work of a good forex account manager is to make a profit on the investor’s money.

A good account manager must be a very good and successful forex trader.

He must be a smart professional forex trader and must be able to demonstrate success.

This is where an investor could get it wrong. The choice of an account manager would either result in profits or losses.

Now, let’s talk about how to find profitable account managers.

Qualities of Good Forex Account Managers

Good Forex account managers possess a range of qualities that enable them to effectively manage clients’ funds and deliver consistent returns. When seeking a Forex account manager, consider the following qualities:

• Experience and track record: A good Forex account manager should have a proven track record of success in managing client accounts. They should have extensive experience in the industry, and their performance should demonstrate consistency and stability.

• Strong risk management: Effective risk management is crucial in Forex trading. A good account manager should have a well-defined risk management strategy that aims to protect clients’ investments while maximizing returns.

• Transparency: A reliable Forex account manager should be transparent about their trading strategies, fees, and performance. They should provide regular updates on account performance, as well as be open to answering any questions from clients.

• Technical and fundamental analysis skills: A competent Forex account manager should be proficient in both technical and fundamental analysis. This enables them to make informed trading decisions based on market trends, economic indicators, and other factors.

Are There Legit and Profitable Forex Account managers?

There are forex account managers that are profitable and are going to make your profits. but the numbers are few.

Let’s put this into context, 86% of traders lose money according to data published by fx pro forex broker.

This means only a few people end up being profitable out of millions of forex traders worldwide.

The problem is that most forex traders approach forex trading like gambling.

The stories are out there; investors and traders losing millions and billions in the forex market.

For us at forexdominant, my utmost priority is risk management. All our clients can testify about results and transparency as shown above.

Be careful so you do not give your money to a gambler.

Why High Return Forex Managed Accounts is Not the Way to go

High-return Forex-managed accounts may seem like an attractive investment opportunity, but they come with significant risks and drawbacks that make them a risky and potentially unwise investment choice. Here are some reasons why high return Forex managed accounts are not the way to go:

• Lack of control: With a managed account, investors give up control over their investments to the money manager. This lack of control can be a significant drawback, as investors have no say over the trades that are made on their behalf and may not be able to respond quickly to market changes.

• High risk: In the Forex market, high returns are often associated with high risk. A Forex-managed account that promises high returns may be taking on excessive risk to achieve those returns, which can lead to significant losses if the market moves against the trade.

• Lack of transparency: High return Forex managed accounts may lack transparency.

How Do You Find A Successful Forex Account Manager?

Unfortunately, there is no one-stop station where you can find forex account managers.

But on forex brokers that offer a copy trading platform like eToro, you would find the highest performing traders on those platforms.

You must know that any forex trader can be an account manager, therefore, what you should be looking for is a profitable/successful forex trader.

You can only tell if a forex trader is successful if you can see his previous trading accounts.

Therefore, before you get involved with any forex account management service; you must be satisfied that the manager has vast experience and a working strategy.

I will write on that in one of my future articles.

How do Forex Account Managers Make Money?

Forex account managers make money by trading for others. Most times, profits are shared between the manager and the investor.

For example, in my account management service; I offer a %70/30% profit sharing.

Investors take 70% of profits while I take 30% of profits after every 30 days of trading.