Compare Managed Forex Accounts
Why can comparing managed forex account providers and traders be such a difficult task?
Here at Compare Managed FX we would like to provide you with a bit of an insight into the managed forex space to help you make the right investment decision….
There are quite a few provider out there if you choose to search, these services allow people to elect to have their own account traded by somebody else.
This is an interesting investment option, as with the low return environment we are experiencing, an alternative that offers to potentially create greater returns might interest many people.
The issue is how to go about comparing them to each other so you can select the one that suits your investment needs the best. Forex investments are mostly accessed through brokers, intermediaries or introducers, who have an interest in either the services, like the broking or technology, like VPS access, or traders who are looking to attract more capital to their particular trading approach.
Many people find it a little hard to compare the options as generally they are located in little known places around the world like the British Virgin Isles or Cyprus. There are others that live in Hong Kong or Asia, and there are even those regulated ones that are domiciled in the UK and fall under FCA regulation.
This means that there are different ways of getting involved with different types of services, but not a clear way to compare them effectively. Some offer excellent returns, although if the promoter is not regulated, they may not be 100% accurate, some are aligned with brokers and use automated trading which can create excellent revenues for introducers and brokers, but not such good returns for the actual client.
There are services that are focused on the high net worth individuals who have large funds of investment capital, and are run almost like a bank would run a fund, and there are genuine traders out there who are capable enough, but often as traders first and foremost, always lose their voice in the market, as trading is their real skill not promotion.
The important thing is to find a mechanism that can offer you a way of comparing managed forex accounts, in a way that allows you to select the service that best fits both your risk tolerance and your investment needs, while providing you with the ability to do your due diligence, review the performance and keep control of your investment as best you can.
There are ways to measure performance, that is not just about the actual returns they offer, which means you should try to find out all about the risk management and risk controls, as well as just what the returns look like. How a forex investment makes its money could be important to your personal investment needs, as it could aim to make large returns but it will at times move into the negative for a time and that could be emotionally challenging if you are a first time investor.
Establishing what statistics to compare and where to get that information is an important step for anyone who wants to compare the options. So when you are looking to get information try to get as much trading history, performance results and maximum drawdown an account may suffer at times and use this to help compare to identify the most suitable one for you.
Compare Managed FX recognises the complexities for an investor in identifying forex traders that are reputable therefore our goal is to connect you to the very best providers.
By using the service that is available here you will:
- Receive Latest Performance Reports
- Receive free quotes with no obligation to make a deposit
- Save time in finding a forex provider you can trust