Forex managed accounts have become a popular investment option for individuals looking to venture into the foreign exchange market without having to commit their time and effort to trading. These accounts are managed by professional traders who make investment decisions on behalf of the account holder. If you're considering investing in a managed account, it's essential to choose a reliable broker that provides excellent service and support. Here are the 7 best forex managed account brokers for 2023.
- XTB - With over 15 years of experience in the industry, XTB is a well-established broker that offers managed accounts through their MAM (Multi-Account Manager) platform. They provide access to a wide range of currency pairs and have a team of professional traders managing the accounts.
- IG - IG is a renowned broker known for its comprehensive range of trading products and services. They offer managed accounts through their PAMM (Percent Allocation Management Module) platform, allowing investors to allocate funds to multiple traders based on their performance.
- eToro - As a leading social trading platform, eToro allows users to copy the trades of successful traders. They also offer managed accounts through their CopyPortfolios feature, which allocates funds to a diversified portfolio of traders.
- Pepperstone - Pepperstone is a popular choice for forex trading, and they also offer managed accounts through their PAMM platform. They have a wide range of currency pairs and provide competitive spreads and fast execution.
- FXTM - FXTM is a reputable broker that offers managed accounts through their FXTM Invest program. They have a large team of experienced fund managers and provide a transparent and secure investment environment.
- RoboMarkets - RoboMarkets offers managed accounts through their RAMM (Risk Allocation Management Model) platform. They provide a wide range of account types and offer flexible investment options.
- Forex.com - Forex.com is a globally recognized broker that offers managed accounts through their MAM platform. They have competitive spreads and provide access to a comprehensive suite of trading tools.
When choosing a forex managed account broker, it's important to consider factors such as security, performance history, transparency, and support. It's also crucial to carefully review the terms and conditions, fee structures, and investment strategies before making a decision. Investing in managed accounts can be a profitable and convenient option, but it's essential to choose a reputable broker that aligns with your investment goals and risk tolerance.
