Did you know that the best managed forex accounts can trade your capital for you? Many of the world’s top brokers have invested in technology which allows traders to build additional sources of revenue.
But, only a small selection would be considered among the best managed forex accounts to use.
Managed PAMM account.
There are different types of forex managed trading accounts that are available via the MT4 brokers and MT5 brokers.
PAMM . This system allows for the distribution of trades to be allocated via a percentage basis on each of the investor accounts. This is the most common as it allows for investors to have different account sizes.
Chump Profit uses a PAMM MT4 account , which stands for Percentage Allocation Money Management or Percent Allocation Management Module. A managed account in which investors allocate cash to a fund manager to optimise returns.
The fund managers manages investors’ money. Their main goal is to generate a profit via trading and give the investors who have put their money into the fund a regular return.
Why Chump Profit?
1. Regulated by FCA, CySEC and FSA
2. Zero management fees
3. Low minimum deposit
4. Proven results.
What Is A Managed Forex Account?
A managed forex trading account is an ideal way for both beginner and advanced traders to capitalise on the trillion-dollar foreign exchange market. The idea of a forex managed trading account is simple – another trader, or a team of traders, manages your funds for you in the forex market.
It’s a great way to build an additional revenue stream and has become increasingly popular over the years. This is why many financial markets brokers now offer the technology for experienced time served traders to set up a managed forex trading account and offer their services.
Benefits of Forex Managed Accounts
There are a variety of benefits in choosing the Chump Profit managed forex account.
The foreign exchange market operates 24 hours a day, 5 days a week. Most beginner traders simply do not have the time to capitalise on all of the opportunities the forex market can provide.
Having a professional do this for you, dedicating all of their time to finding the best setups, and growing your account is an ideal way to capitalise on the foreign exchange market. It’s also a great way to learn more about how the forex market works and how to trade different investment accounts.
One of the great things about the best forex managed accounts is the fact you have control over when you invest and when to pull out.
The best forex managed accounts will ask you to fund an account with a regulated broker, we use TOPFX as our partner and liquidity provider. This is important as unregulated brokers do not have any regulatory oversight and you want to make sure your capital is safe.
One of the best features of forex managed funds is that you only deposit your funds with the broker. The fund manager should never ask you to send them funds to a bank account – if they do, beware!
This is because the PAMM systems operate via a letter of power of attorney. This is where you give the trader authorisation to trade on your account but they cannot withdraw money or move your funds.
How To Get Started With A Managed Forex Account
If you’re looking to get started with the best managed forex account provider Chump Profit then follow the step-by-step process below.