Updated on: August 25th, 2024

Best Managed Forex Accounts

James Johnson

Forex trading is available for everyone worldwide, but most people lack the knowledge and experience to earn from it. That is why managed forex accounts make a difference for such people. These managed forex accounts provide users with a money manager responsible for making all the trades for small fees. So, this brings good learning and earning opportunists by using the best managed forex accounts.
The issue is that not many platforms are offering managed forex accounts. Here we will be discussing the features and qualities you need to look for along with your best options.

Updated on: August 25th, 2024

Compare the Best Managed Forex Accounts Brokers for 2024

Broker
Rating
Regulated
Bonus
Min. Deposit
Max. Leverage
1.
FXCC

VFSC, CySEC

100% bonus

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
Your capital is at risk.
2.
Fusion Markets

ASIC, VFSC

N/A

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.
Avatrade

ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

up to 40% bonus

$100

400:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
easyMarkets

CySec, ASIC, BVI

up to 50% bonus

$100

400:1

Review Visit Site Visit Site
Terms & conditions apply
Your capital is at risk.
5.
Deriv

VFSC, FSC, IBFC

N/A

$5

1000:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
6.
Blackbull Markets

ASIC, VFSC

$10 000 demo

$50

500:1

Review Visit Site Visit Site
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

up to 10% credit bonus

$100

500:1

Review Visit Site Visit Site
8.
Vantage FX

FCA, ASIC, CIMA, SIBL

up to 50% bonus

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

What makes a good managed forex account?

You might be thinking that going with the managed account for forex trading solves all the issues you may face regarding forex trading. However, this is not like that. Even though there are professionals taking care of everything for you, there could be some loss. It is why research about selecting your platform is very important. Here are the 2 main qualities that make a well-managed forex account:

  1. Consistent profitability as an overall experience
  2. The low maximum level of drawdown

When you select the best platform, you get fewer chances of losing your investment and better chances of making a profit.

The best managed forex accounts you can go for

The following are the best managed forex accounts that you can choose from. First, have an overview of all of them then we will move to a detailed review:

Broker Fees for managed account Regulations Minimum investment requirements
eToro $0 US, UK, Australia. Cyprus $200
FxPro $0 FSCA $100
AvaTrade $0 ADGM, FRSA $100
FXTM Variable FSC(Mauritius) $50
Interactive Brokers 0.08% US, UK, Australia, Canada, EU, Hong Kong, etc. $100
IC Markets $3.5 ASIC $200
FXCM 2% per year FCA $50

 

Below are the details about each of them that you must know before selecting any.

1. eToro

The first one on our list is eToro because it provides full regulation with no fees. It means that you get to learn how to trade forex and keep all your profits. It does not restrict things here as you can access many things like managed forex funds and stock and crypto trading. Please read our complete review of eToro for a better idea about the experience you will get.

While its minimum investment requirement may not be the easiest to meet for many people, its managed services bring the best experience in the world. It brings the following benefits as well:

  • Easy to use platform
  • Quick searching for professional managers
  • Competitive pricing

2. FxPro

FxPro is a popular name in forex trading platforms, and its managed account makes things even better. The LAMM and PAMM accounts make excellent choices for beginners and experts. It also comes with flexibility in options and a balanced trading experience. FxPro brings many benefits, some of which include:

  • Easy control on money managers
  • Direct earning from the platform
  • Set your fees by yourself.

3. AvaTrade

With its MAM portfolio, you can have a completely transparent managed account trading experience. AvaTrade comes with good regulations making it a very safe and reliable platform. It also provides a demo account if you want to learn while your managed account earns for you. While there might be many benefits, the high minimum investment requirement is hard to meet for many beginners.

Its details on different trading strategies can help you step up your forex trading game. Below are some amazing benefits of going with AvaTrade.

  • A lot of information and learning material
  • Top-notch trading tools
  • Step-by-step guides

4. FXTM

FTXM comes with reliable and easy-to-use MT4 and MT5 trading platforms with a list of account opening options. It also comes with good regulations if you are looking for the safety of your investments. Its managed account services are more than enough to start your trading experience with good profitability. On top of everything, there is every tool available that you may need. Some amazing benefits you will experience here are:

  • Easy account creating and setting up a process
  • Easy for beginners
  • A ton of trading options

5. Interactive Brokers

Next up on the list is Interactive Brokers, which is known as one of the world’s best trading and brokerage platforms. Although it does not provide managed account services like other platforms, things are much better here with the financial advisor for managing customers’ trades.

Interactive Brokers come with the following benefits:

  • Advanced trading and learning tools
  • Competitive pricing with low rates
  • Available on web and mobile.

6. IC Markets

Yet another world-leading platform in trading that come with managed forex accounts. Interestingly, here you get both MAM and PAMM accounts, so you can choose the one that fits your requirements in the best way. It is full of features if that is what you are looking for. Here performance and commissions are also set to be the best for users. Above all, the following benefits also come along:

  • Great liquidity and leverage
  • Quick order execution
  • Transparency and real-time reporting

7. FXCM

If you want the easiest experience, then FXCM might be your best choice. While the account opening process is very easy, it comes with features like analysis tools for a richer experience. Even though you get managed services, you can benefit from the range of educational material and tools available here. Some of its benefits include:

  • Many forex assets
  • Competitive pricing
  • Regulated by FCA

Why go for one of these options?

Going for one of these options is the best decision for you because you get the world’s best experience of a managed account. Moreover, the professional management here comes at fewer costs while the profitability chances are higher, leaving you in a better position.

Verdict

Selecting one of the best managed forex accounts means increasing your earning chances. It brings significant benefits for people who do not have any experience or knowledge about forex trading. So, you can earn as well as learn different trading strategies at the same time. Ensure that you do all your research and then select the managed account. Going in without any research may ruin your experience and your investment.