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Reliable Managed Forex Accounts
Top Rated Managed Forex Trading Accounts
Still want to benefit from Forex trading but just don’t have the time to trade or the time to learn to trade? Why not let someone else trade for you? We have listed trusted, reputable and reliable managed Forex trading accounts.
These managed Forex trading accounts have been found to be trustworthy and respected in the industry. They don’t advertise outrageous returns and have strict money management strategies. Still with that said, never invest money that you cannot afford to lose!
Overview: FxMAC is one of the 1% of companies that are completely transparent, showing the performance online verified by independent audit companies as the well known MYFXBOOK or FXSTAT, in order investors can see online a complete trustful review of the different strategies.
Since 2020, FXmac reached the goal of giving to the retail and institutional investors a way to connect with the widest online offer of asset manager groups with the really highest level of steady verified performances.
We have personally used FXmac and find them one of the best managed Forex trading accounts.
- Min Deposit – 5000USD – 10000USD
- Accepted Brokers – IC Markets and others.
- Performance fee – 30% – 35%
#2 Managed Forex Hub
Managed Forex Hub are on a mission to make top tier Managed Forex investments available to everyone – regardless of age, the stage in your personal investment journey, or your net worth.
Their approach to investing can over time help generate superior risk-adjusted returns, shortening the investment commitment window significantly for investors vs. traditional investments.
They have multiple different types of programs from low risk stable funds to more aggressive strategies. They place an emphasis on algo trading over discretionary trading, but their FX Marketplace is a meeting ground for global traders and investors to come together.
- Min Deposit – 5000USD – 100,000USD
- Accepted Brokers – MT Cook and others.
- Performance fee – 30% – 35% and 20%-30% *depends on account size*
What is a Managed Forex Trading Account?
A managed Forex account (managed Forex trading account) is traded by a professional Forex trader or money manager that trades on your behalf.
You will need to sign a “power of attorney form” that states that someone will be trading your account on your behalf.
The account still would be under your own name and only you (the client) can withdraw and add funds to and from the account. If this is not the case, stay clear of that particular managed account.
You will also have to pay fees on the profits earned in your account. This should be included in your power of attorney form with other details. Make sure to read the whole document and feel comfortable with it.
How much does it cost to have a managed forex trading account?
Usually, account management fees are taken monthly and only on profits earned in that month. Most of the time these fee withdraws are automatic through the broker.
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The fee most managed forex trading accounts charge is called a “high Water Mark” / Incentive Fee, often referred to as a High Water Mark Performance Fee (others may have a different name for it). You will find that most managed accounts fees vary depending on account size, but mainly range between 20% – 40% on the amount of profit incurred.
It is important to only open a managed forex trading account with a trusted and reputable company.
Never invest more money that you can comfortably live with losing. Managed accounts are NOT a get rich quick scheme, you should expect long term growth with proper risk management put into place.
Can I lose money in a Managed Forex trading account?
Yes, you definitely can. Just like with any trading account the risk is always there. But let talk about one Scenario.
Scenario – You have very little to no Forex trading experience.
It would be a much higher risk if you traded your account on your own vs opening up a managed account. At least the managed account is professionally managed and with strict risk management in place (if you are with a decent managed account like the two above). If it came to it, your losses would also be much lower in a managed account, be it they followed their trading strategy and “max money at risk” protocol.
If you were to trade on your own and haven’t develop a solid strategy, you are most likely going to trade with emotion and this is how most trader lose money. You can learn about this here – Why do most newbies to currency trading fail?
So to sum it up, trading yourself if you are a beginner vs having a managed account?… A Managed forex trading accounts is the safer way to go.
Is there a Managed Forex trading firm you trust and have had success with? We want to know about them and your experience!
Contact us: [email protected]
Blue Trading Reviews
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Best Crypto Fund Manager
I have had an account here over two years. I have MORE than made back my original deposit by a LOT. Their customer service is fast, they are aggressive traders, and I have met them at the Blockchain Expo in Singapore as well.
They are legitimate as you can get for a Crypto Fund. I am happy I found them and the 15% of people attacking them here should be ashamed of themselves. NONE of them have lost money if you read their reviews. Not one.
There is no better Crypto fund out there. Period.
STAY AWAY!! DONT MAKE THE MISTAKE I DID. I am a sophisticated investor with a number of other investments. When I joined Blue Trading I did some due diligence, though my mistake was not following my process and doing enough – because I was referred to this company by friends who were saying they were very happy.. I opened a VIP account with them. While trying to do so, I needed more information for the “international liquidity fund’s” bank where I was sending the funds. As they had not included it in the wire transfer instructions, I tried googling the company and could not find it on Google. So I asked Blue Trading and got a response from “Hannah” who was very rude and basically told me no one else has ever needed the information I was asking for and so I had everything I need.. (the piece of info I asked for was required by my bank and I could not submit the transfer without it lol). This should have been a sign for me but I regret that I did not see this as a red flag at the time. I finally got the funds transferred by just putting something generic in the required field and my account was open. For the first 2 weeks things looked like they were going well, the account was profiting from trades and was up a few percent. Then a friend I referred told me of some red flags he found and so I dug deeper and found some of the negativity online. I tend to take reviews with a grain of salt because even the best companies have negative reviews by competitors or whiny people. But I decided to ask Blue about what I had found. When I queried about the expulsion from the FCA their response was: “Greetings, Thank you for writing! We would be glad to share with you the details surrounding the controversy with the Financial Commission. Our membership was terminated suddenly for no apparent reason in September 2020. This is not unusual at all for the Financial Commission. As you can see on their own website, they have as many ceased members (27) as active members(27): https://financialcommission (dot) org/members/participating-members-of-the-financial-commission/ In over three years, we have never denied a withdrawal request or had major issues with any clients. This was very sudden and we are still extremely puzzled to why they would behave so bizarrely so suddenly. In reality however, we are actively lobbying global regulators to begin regulating Cryptocurrencies through the Crypto Valley Association in Switzerland. There is no substitute for real regulation and services like the Financial Commission only provide basic services. As for the FCA – they are a British regulatory agency. We are an Asian Cryptocurrency trading firm with no operations in the UK whatsoever. Furthermore, the UK does not even regulate Crypto trading activity. Therefore, it would be impossible for two reasons for us to be regulated by the FCA. The “Caution” listing as they call it is simply because we are not a British company and they have placed us on a list with 1000s of companies. It is extremely important to note we have zero complaints and the list is a simple bullying tactic used by regulators to discourage people from trading outside of their country or in any Cryptocurrency product. We are currently in contact with the FCA through our legal team however to remove this listing. I hope that clarifies the matter candidly for you – please let me know if we can assist you further. Best regards, Hannah Smith”. Seems kind of fair enough. Til I thought that makes no sense, they wouldn’t just kick you out for no reason without telling you. Especially when on the regulators website it says “expelled for repeated offences”. So then I decided to ask about some other claims that Blue is just another version of Iiinvestments and that their accountant who apparently audited their results is in South Africa (?) And no one can find evidence of the accounting firm the address is just in the middle of the desert and the phone rings out and I again mentioned that I had trouble finding the company when making my bank transfer. Now let me be clear, I was very respectful in my email communication. I even said that I was very happy with them so far, that I wished to continue, that I understand every company gets negative reviews and that I was just doing my due diligence for myself and the people I referred. Well they didnt like that and here’s the response I got from “Hannah”: “Dear Mr. Farina, We honestly don’t pay any attention to this web negativity that all companies receive. We have far too busy of a thriving business to give it any concern. If you aren’t comfortable with our company we suggest trading elsewhere perhaps. Thank you. Best regards, Hannah Smith” Not really the service you’d expect for a VIP account holder who has just referred approximately 20 people to them in 2 weeks is it. Now the red flags started to stack up and it became clear that regardless of whether all the negativity online was true or not, something is not right with this company. So then I chose to withdraw my funds because of the stacking red flags. At first they seemed happy to process the request and got to it quickly. However that was on the 3rd November 2020 when I requested the withdrawal and at the time of writing this it is the 5th OF JANUARY 2020! and I still have not received my funds and I’m not the only one. The guys who referred me decided to pull some funds and some have still not received their money either and they asked before I did. I’ve emailed a number of times over the last week asking for evidence of the transfer being made and where it was sent, yet no evidence has been sent, just emails back from them saying: “Hi Justin, Yes you are correct your funds left our account on 6.11.2020 to your Suncorp bank account. Just wait for a few more days you should get them soon. Kind regards, Brian” Now isn’t that interesting.. Your money is supposed to be deposited to an international liquidity fund (the one in Hong Kong I couldn’t find on Google) and Blue is only supposed to have control of it to trade via a connection and yet you contact Blue to get it out and they say “the funds have left OUR account”. Then I tried calling last night 3 times to speak with someone and the call centre lady said Brian would call me back to discuss. After 3 calls and an email direct to Brian and it being 1am here, I had still not heard from him so I decided to go to sleep with my phone on loud. Well I woke up this morning, no call just another email from Brian saying: “Hi Justin, I have just checked with Finance now they confirmed your funds have already reached your account. IF you still did not get it today, please try to call your bank or wait until Monday to see if they are just floating in their exchange. Let me know if you have any other questions. Regards, Brian” How do they know funds have hit my account? And so I check again. Nope no funds there! And still no call from Brian despite my 3 calls, the lady I spoke with apparently leaving urgent notes for him to call and me emailing requesting a CALL. I am just glad out of those I referred only 1 had deposited and he got his money back through a BTC transfer – this seems to be the only way people can easily get their money back – funny that, it was the same thing the online negative reviews said when I read them. STAY AWAY FROM THESE GUYS
At the moment everything works very well
I have heard alot about bluetrading and…
I have heard alot about bluetrading and most of the negative comments I see come from people who have not invested a dime so I thought to give it a try. Also their support team has been very active and responsive so I invested today and will provide updates on my experience as time passes and also review my rating. I really hope I made the right choice.
Blue Sail Trading review – Is bluesailtrading.com scam or good forex broker?
RECOMMENDED FOREX BROKERS
Blue Sail Trading say they offers real time spot forex, CFD, and options trading with leverage as high as 1:500 and a web based trading platform. And they appear to act as an introducing broker for Derivative360.
|Account type||Min. deposit||Max. leverage||Spread s/ Payout|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
FX Blue trading simulator review
FX Blue simulator for testing manual strategies in MT4
FX Blue Trading Simulator: description of MT4 strategy tester, set of functions, settings. Practical example of testing a manual strategy in the Forex market. Advantages and disadvantages.
FX Blue is a Forex tester developed for the MT4 platform for testing manual strategies on no matter which time frame. The developers did their best to make this Forex simulator visually and functionally convenient. With FX Blue, one can test a strategy on multiple time frames simultaneously, manage all types of orders right on the chart, and set level lines. They’ve also added limit and pending One-Cancels-the-Other (OCO) orders to trade retracements and breakouts. We’ve reviewed the order of setting, functionality, testing methods, advantages, and disadvantages of FX Blue.
FX Blue Trading Simulator – MT4 functional tester
Before being launched on a real account, every trading system needs to be tested. A trader should understand if his/her trading strategies are profit-yielding and if the profit is comparable with risks and expectations.
A strategy can be tested in 2 ways:
Historical data testing does not guarantee future profitability, so testing on a demo account looks more logical. But first, a demo account doesn’t reproduce a real trading environment (cent accounts would be a better option). Second, testing on a demo account doesn’t guarantee future success either. Third, it will take weeks while a tester allows optimizing a manual strategy in a few days or hours.
In general, manual strategies are tested by use of a tester in the following way: quotes issued over a certain period for a required currency pair are downloaded into a platform (MT4, for example). For example, 10-year EUR/USD quotes. Then a tester analyses the whole period and forms a price movement chart.
Further testing depends on the functionality of the tester:
The whole period analysed, a trader gets trading statistics (statement). His/her task consists in reaching the best result at the end of the trading period by changing the trades (i.e. working out the algorithm of the strategy).
What for is manual testing?
In the end, the analysis of statistics provides you with the information on average profitability and maximum drawdowns in your trading systems. In a real account, a trader understands which lot size is needed to achieve the same results as in a test and that trading should be stopped when the results don’t correspond to the statistics.
Simulators vary in functionality and visualization. MT4 is equipped with a manual tester, which still has its drawbacks. FX Blue Trading Simulator is a dedicated program developed as an addition to MT4 and provides an opportunity to test various time frames at the same time and install unique orders to trade retracements and breakouts. The programme isn’t flawless but the general impression is positive.
FX Blue Trading Simulator: functions, settings, operation
FX Blue Trading Simulator is a program that runs based on the MT4 visual test and is non-compatible with other platforms (beyond MT). The tester simulates real trading on historical charts. It allows trading by use of market/pending orders and fixed/dynamics lots, and it analyses several time frames simultaneously (by opening a few windows in MT4).
1.Installing and launching
To my mind, the installing mode is overcomplicated. Some users tend to think that it’s a way to form a base of traders. I’m not a fan of conspiracy theories, though. In fact, the developers don’t demand too many personal data.
Still, you won’t be able to download the archive in a few minutes for free. The archive located here contains a setup file and an instruction for those who would like to get acquainted with the tester without having to go through a long registration stage. The instruction is quite detailed and is provided in English in pdf format. Those who still want to launch FX Blue in a real account will have to take the following actions:
1. Register at www.fxblue.com and verify an account. To register, enter your email address, login, and password. These data will be required to launch the tester.
2. You’ll be emailed a message containing a link to confirm your registration. True, the developers still require your phone number as if an email address wasn’t enough.
I’ve entered my first and last name in the 2 first windows using Latin symbols. There were a few comments reporting some troubles related to other alphabetic systems. However, there aren’t any problems with typing a phone number as the format is indicated in the window. An sms will be sent to the indicated email address in [email protected] format. It’s the address to which you need to send any reply from your email address. For example, “I adore Forex”. In whatever language.
3. If all has been done properly, you’ll see the following message in one of the verification windows:
Congratulations, registration completed! Then, download a free archive from the developers’ site. As you see, there aren’t strict requirements concerning verification. According to the authors, the registration is meant for a trader to be able to upload his/her test results to the site of FX Blue and analyse them later.
Once MT4 is relaunched, the tester will appear in the left window “Navigator”. The window can also be activated through the “View” menu. The procedure for downloading quotes through MT4 has been described in detail in my previous review of Forex Simulator, so I won’t provide a detailed description now. Still, there’s one difference to stress: if Forex Simulator is launched with a double mouse click or through dragging it from Navigator onto the chart (and can’t work via Tester), FX Blue, on the contrary, is launched only by use of Tester. The following actions shall be performed:
If at some moment you notice that the tester isn’t working properly (can’t open an order, testing went down, etc), relaunch MT4. It helped me out many times. I don’t know why such failures occur but nothing is perfect. So, we’d better adapt ourselves.
Enter the currency pair you’re going to test in the “Symbol” line and the test type – in the “Model” line. Testing takes more time when you choose a more exact option. Set your dates and click on “Start”. Enter your registration data in the window that appears on the chart.
2. Order placement
Once the tester is launched, a window for a fast opening of trades will appear on the chart. Lot size, stop and trailing stop, or take profit can be set here.
To calculate values, you need to activate the calculator. To do so, aim a mouse cursor at one of the windows, Trailing Stop for example, while holding down CTRL. Then, left-click on the window.
The quick trading window also allows setting pending orders. The menu can be activated by clicking on the orange icon in the right upper corner. Options:
The blue icon located nearby provides fast access to the settings for a fast confirmation of orders or no-hedging mode. Also, this menu allows activating the information on the account.
A saved template may be activated at any time. The title of a template is found in the first line “Templates”.
A placed order appears on the screen. The control process isn’t very convenient, but one can get used to it with time. One of the advantages is that you can move a placed order right on the chart by holding down the marker on its right side. Clicking on the marker, you can activate the window of the order where its values will be displayed and where you can close it.
The simulator is launched as of the date indicated in the tester (in the lower window). To pause the simulator, you need to click on the button located near the visualization scroll (the blue square in the next print-screen). During a pause, you can change a test speed (speed of candle building), add an indicator, assess the chart from the point of view of fundamental analysis. If you click on Stop, simulation will stop completely and the profit/loss registered at the moment of stop will be displayed on the screen. More detailed results will be imported onto the developers’ site. You can’t relaunch simulation from the moment where you stopped, you can only start it in a new window.
To close orders, you need to click on the window that displays your currency pair and the following suggestion will appear on the control panel: Close pending orders, all profitable, all loss-making or all orders. To close a specific order, left-click on it twice on the chart and press “Close”.
The picture also shows how open and closed trades are designated. Buy and Sell arrows are in different colours. Inverse arrows show closed trades. When aiming your mouse cursor at any of the orders, you’ll see opening/closing prices, the direction of the trade and who’s closed it. In our case, the trades were closed automatically by the tester through Stop Loss.
Smart-Lines. It’s an interesting function which allows testing a trading strategy by use of vertical, horizontal, and trend lines. The window is activated in the following way: plot a line on the chart (MT4 panel tool), un-pause the tester (the window won’t get activated in the pause mode), hold down Alt and left-click on the line. You’ll activate the window for setting Smart-Lines.
I won’t pay too much attention to this tool as the manual provides all the necessary details. But I’d like to mention that it’s a kind of level trading in which a trade is closed automatically. The lines serve as stop loss and take profit for open trades. Pending orders can be closed by lines as well if it’s specified in the settings.
Simulation on different time frames/ Another convenient function consists in analysing several time frames at the same time during simulation. Choose your main time frame in the window below. The current default value is H1.
Then click on “Expert properties”, choose the tab “Inputs” and scroll it down a bit. Choose additional time frames.
Next, start testing the main time frame, pause the simulator and click on “File – Open Offline” in the main menu of MetaTrader. The data generated as “!SIM” will be displayed here. Open necessary time-frames, place charts and run the tester that will work in 2 charts at the same time. The more charts you open, the slower simulation runs.
3. Analysis of trades
Once simulation is either interrupted by clicking on the “Stop” button or completed, there will appear a final window which displays information on profits or losses in all orders. The date specified in the tester will be the end date of simulation.
The final report is displayed on the browser. It can be imported to Excel. If judged by the amount of statistical information, it reminds of MyFxBook reports. How to analyse statistical data is another subject, even more so because there’s no single approach to it. I just recommend running through all the tabs, testing a strategy on different currency pairs, and comparing results.
Drawbacks of FX Blue:
There’s another moment to remember for those who work with the tester: there’s no redrawing. This problem concerns not only FX Blue but also any other tester which draws charts based on historical data. Redrawing is a situation in the real market when a trader sees a signal (for instance, Bollinger bands breakout), decides it’s a start of a new trend and opens a trade in the respective direction. Then the price reverses and the indicator redraws itself in a way that shows a retracement instead of a breakout.
One of the main reasons for redrawing is that indicators depend on closing prices. Many oscillators’ formulas are built based on comparing a current candle’s value to previous candles’ ones. There won’t be any redraws in a tester where quote values are already known. In the real market, where large volumes can change a situation in a second, there may be any closing prices. As soon as a candle closes, an indicator redraws itself. For the purpose of testing, it’s advisable to use indicators without redrawing (those which aren’t affected by closing prices). Also, remember that testing results may differ from those achieved in the real market.
Still, in spite of all its drawbacks, this tester is considered to be one of the most convenient for testing simple MT4 strategies. By the way, pay attention to the manual’s separate section devoted to key combinations. For example, you can change the scroll speed by using keys as well.
Conclusion. FX Blue is another tester of manual strategies which has both advantages and disadvantages. The advantages include convenient visualization and quite a large tool kit for analysing statistics. Improper operation and a limited set of functions belong to its drawbacks. Given a fact that the simulator is free and the reviews are mostly positive, I recommend assessing its potential in practice. Feel free to post your questions and comments!
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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
Price chart of EURUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
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