widely used Forex managed account solution available for investors and money managers are: pamm Percentage Allocation Management Module. Do you need to be a license to offer a forex managed account? If there is one thing we want to stress to traders,. An important factor when choosing a reputable managed forex account is the availability of past performance history.
The account managed is a segregated account where the money manager makes all the trades on your behalf. I hate traders who charge their investors rebates. Under a performance fee model, youre only making money if the clients are also making money. Heres some stuff to take into consideration based on my experience. Some brokerages may also charge an account management fee on top of the other fees for following a specific formula. Pamm, lamm, mamm Accounts.
The idea is that while someone else is managing your account you can sit back.
This management fee can range from 1 to 4 per annum, with 2 being.
What should you look for in a managed forex account?
Which is the best managed for ex account?
A great deal of research and client testimonials will be beneficial when going this route. Use your due diligence and research, reach out, and network to find the best possible forex brokerage. Now, you can analyze your account and even learn from the trades that are being made. These fees can vary greatly based on the account type, and risk level of such an account. The money manager has limited access to the account and operates on a trade only basis. Then allocate the necessary amount of funds for a managed account. View past performance reports, client testimonials, reviews, and anything you can dig up on the internet.