Looking for forex managed accounts

I’ve searched google for forex managed accounts and I’ve found sites offering these. the minimum is 2k to open one.

  1. is this a scam?
  2. If it’s not a scam, is it smart to open an account with 2000 dollars?
  3. Do you know any useful links to sites offering managed accounts?

PS: I know It’s against the nature of learning to go for a managed acc; it’s just a matter of approaching forex.

If you want a managed account go to zulutrade.com.

The providers there are a mixture of scams and legitimate traders, but you can test them out on a demo account to weed out the bad ones. Also, don’t trust the results you see on the statistics pages, the scammers know how to manipulate those numbers. :slight_smile:

You can also google “zulutrade reviews” and find out the best providers.

I still suggest trading for yourself though, no one cares more about your money than you do. :slight_smile:

thanks for the site!

Forex is a mad world- Pure Madness.

I feel the best thing is to go with trend and trade yourself. Example: if you read few reports, predictions are eur/usd will hit 1.50 and usd/jpy will hit 92 levels…so thats an upward trend

The deal Zulutrade offer is an automated platform in which you select strategies by their performance results and they send trades into your account. A similar platform offered by FXCM (forex system selector), Alpari (systematic) and Ava Fx (ava autotrader). Any trader who wishes for automated solution should choose what he likes out of them – zulutrade, systematic or whatever. Anyway, these automated platforms are not exactly managed accounts, since you need to choose the systems to your portfolio by yourself. You need to decide on which system to count on, the trade size.
Managed accounts are driven by Money Managers, they set your portfolio, the leverage etc. Whether in forex or stocks market, they do it for you.