The forex market is one of the most rapidly expanding markets on the planet. Every day deals worth an average of $5.3 trillion are completed. The forex market has over 170 currencies and is the only market that operates around the clock, 24/7 no matter what.
Here, in this article, we will take you through the top 5 best-managed forex accounts. This will also help you a better understanding of these accounts and why they are at top of the league. So, without further ado, let us have a look.
RoboForex is a leading supplier of managed forex accounts and a copy trading broker. This platform provides leading copy trading, inexpensive minimum investments, tens of thousands of community members, and a variety of fund allocation features. RoboForex’s key benefits are its excellent instructional tools and affordable costs. There are numerous drawbacks to this platform, notably; the absence of 24-hour customer service is one of the downsides.
eToro is a major supplier and broker of managed FX accounts. This platform provides complete regulatory oversight, no management fees, and the option to keep 100% of your income. The key benefits of eToro include access to Forex managed funds, cryptocurrency and stock trading, and copy trading with a low minimum investment. The disadvantage of this platform is the significant initial investment required to use CopyPortfolio.
AvaTrade, also known as Learn2Trade, is one of the leading suppliers of managed Forex accounts and a copy trading broker. This platform includes a MAM portfolio, total transparency not often associated with brokers, and excellent demo accounts. AvaTrade’s major features include solid regulation, comprehensive disclosure of advantages and risks, and a reasonable revenue share structure. There are some drawbacks to this platform, including a large minimum investment. AvaTrade also provides ultra-detailed guidelines on the trading methods and risk management techniques that they use. This brokerage will guide you through every step of the procedure if you’ve never set up a MAM account before.
Swissquote provides excellent security, low withdrawal minimums, and a large number of currency pairings. Swissquote’s major benefits include access to a wide range of markets and products, no inactivity fees, and a solid history with a stellar reputation. High trading costs, a somewhat complicated tool selection, and a lack of openness regarding the pricing of some products are some of the drawbacks of this site.
FXTM is one of the best-managed forex accounts. This platform supports MT4 and MT5, has excellent ECN and standard accounts are well-regulated and has comprehensive news, analysis, and instructional offering. FXTM’s key benefits are ease of use, excellent capabilities for beginners, and simple account setup procedures. There are some drawbacks to this platform, including poor customer service. Nonetheless, with FXTM, you have a plethora of alternatives for setting up your account and managing your trust. FXTM’s managers will do everything necessary to assist you in choosing the best possible investment strategy, structure, and plan with the least amount of risk. For novices, we recommend this platform.