Top 10 Best Managed Forex Accounts for Novice Traders

Forex trading is an exciting and potentially profitable venture. However, it comes with its own set of challenges, especially for novice traders who may not have the necessary skills or experience to make informed trading decisions. This is where managed forex accounts come in handy. A managed forex account is one where a professional trader or firm manages your funds on your behalf, taking care of the trading decisions and executing trades on your behalf. In this article, we will look at the top 10 best-managed forex accounts for novice traders.

1. Forex.com Managed Accounts

Forex.com is a well-established forex brokerage firm that offers managed accounts to its clients. The company has a team of professional traders who manage the accounts on behalf of their clients. Forex.com offers various types of managed accounts, including a fixed income account, an aggressive growth account, and a conservative account. The minimum investment for a managed account is $5,000, and clients can expect to earn an average annual return of 5% to 15%.

2. FxPro MAM Accounts

FxPro is another reputable forex brokerage firm that offers managed accounts to its clients. The company’s Multi-Account Manager (MAM) tool allows traders to manage multiple accounts from a single platform. FxPro’s MAM accounts are designed for professional traders who want to manage multiple accounts on behalf of their clients. The minimum investment for a managed account is $50,000, and clients can expect to earn an average annual return of 10% to 20%.

3. Alpari PAMM Accounts

Alpari is a popular forex brokerage firm that offers PAMM (Percentage Allocation Management Module) accounts to its clients. PAMM accounts allow investors to invest in a portfolio of forex traders managed by a professional trader. Alpari’s PAMM accounts are designed for both novice and professional traders, and the minimum investment for a managed account is $100. Clients can expect to earn an average annual return of 10% to 20%.

4. FXTM PAMM Accounts

FXTM is another reputable forex brokerage firm that offers PAMM accounts to its clients. FXTM’s PAMM accounts allow investors to invest in a portfolio of forex traders managed by a professional trader. The minimum investment for a managed account is $100, and clients can expect to earn an average annual return of 10% to 20%.

5. HotForex PAMM Accounts

HotForex is a popular forex brokerage firm that offers PAMM accounts to its clients. HotForex’s PAMM accounts allow investors to invest in a portfolio of forex traders managed by a professional trader. The minimum investment for a managed account is $500, and clients can expect to earn an average annual return of 10% to 20%.

6. AvaTrade MAM Accounts

AvaTrade is a well-established forex brokerage firm that offers MAM accounts to its clients. AvaTrade’s MAM accounts allow traders to manage multiple accounts from a single platform. The minimum investment for a managed account is $100, and clients can expect to earn an average annual return of 10% to 20%.

7. Exness PAMM Accounts

Exness is a popular forex brokerage firm that offers PAMM accounts to its clients. Exness’s PAMM accounts allow investors to invest in a portfolio of forex traders managed by a professional trader. The minimum investment for a managed account is $100, and clients can expect to earn an average annual return of 10% to 20%.

8. FXOpen PAMM Accounts

FXOpen is a well-established forex brokerage firm that offers PAMM accounts to its clients. FXOpen’s PAMM accounts allow investors to invest in a portfolio of forex traders managed by a professional trader. The minimum investment for a managed account is $100, and clients can expect to earn an average annual return of 10% to 20%.

9. NordFX PAMM Accounts

NordFX is a popular forex brokerage firm that offers PAMM accounts to its clients. NordFX’s PAMM accounts allow investors to invest in a portfolio of forex traders managed by a professional trader. The minimum investment for a managed account is $100, and clients can expect to earn an average annual return of 10% to 20%.

10. RoboForex PAMM Accounts

RoboForex is a well-established forex brokerage firm that offers PAMM accounts to its clients. RoboForex’s PAMM accounts allow investors to invest in a portfolio of forex traders managed by a professional trader. The minimum investment for a managed account is $100, and clients can expect to earn an average annual return of 10% to 20%.

In conclusion, managed forex accounts are an excellent investment option for novice traders who may not have the necessary skills or experience to make informed trading decisions. The above-discussed top 10 best-managed forex accounts for novice traders offer excellent investment opportunities, with minimum investments ranging from $100 to $50,000 and average annual returns of 10% to 20%. It is essential to remember that forex trading is a high-risk investment, and it is crucial to conduct thorough research and exercise caution before investing in any managed forex account.