Managed Forex Accounts

A managed Forex account is a type of account in which a professional money manager trades a client account for a fee. By this way, investors can save precious time, earn stable returns, and reduce their overall portfolio risk.

Investors can choose between various types of managed accounts, but we focus on the PAMM, LAMM, and MAM accounts. The reason is that these three account types offer extended flexibility, low entrance requirements, and anti-fraud protection. PAMM investors are dealing directly with the Forex broker of their choice and money managers have no access to the investor’s capital.

 

What is Actually a Managed Forex Account?

A managed Forex account is a segregated trading account owned by each investor but managed by a professional money manager. A managed account should offer safety, transparency, flexibility and full control.

General Types of Managed Accounts

There are five general types of managed accounts: individual, pooled, PAMM, LAMM, and MAM.

(a) Individual Accounts

This is a classic account type and refers to an individual account where a professional money manager trades on the behalf of an investor. Usually, there are minimum deposit requirements that exceed $10K. The management fees are customizable, but as in any other managed account type, the fees are based on the performance.

  • Needs a lot of caution

  • High deposit requirements

  • Customizable fees

(b) Pooled Accounts

The pooled account type refers to an account type where many investors join their capital in a single fund and share fees, profits, and losses. The main advantage of a pooled account compared to an individual account is the lower deposit requirements. The deposit requirements start as low as $2K. The main disadvantage of a pooled account is the minimum period required before investors can withdraw their capital without a penalty.

  • Lower deposit requirements

  • Shared expenses and standard fees

  • Minimum period before investors can withdraw their capital

  • Penalties for early exit (withdrawal)

Automated Forex Trading Systems

An Expert Advisor (EA) is actually a small piece of software that plugs in a Forex Platform and trades the Foreign Exchange without human intervention

Nowadays, fully-automated trading systems have become widely popular among Forex Traders. These systems are commonly called Expert Advisors (EAs) or Forex Robots.

An Expert Advisor is actually a small piece of software that plugs in a Forex Platform and trades the Foreign Exchange without human intervention. The most popular platform for automated trading is MetaTrader4, but other Forex Platforms can be used as well, such as JForex, CTrader, TradeStation, ZuluTrader, and NinjaTrader. Most commonly Forex traders prefer MetaTrader4 based on the variety of providers for automated trading.

Compare Automated Forex Systems

AUTO-TRADE SYSTEM

BASIC FEATURES

SPECIAL FEATURES

PRICE & WEB-SITE

EA BUILDER (Custom EA Builder)

■ Creating Free Indicators

■ Build your Custom Expert Advisor

■ EAs for trading Forex, Stocks, Commodities, ETFs

■ Platforms: MetaTrader4, MetaTrader5, TradeStation

■ Fully Customized EA Building

■ Multiple Functions including Time, Trendlines, Support and Resistance

■ EA Money Management Control

■ Indicators Building with alerts (email, audio and on-screen)

■ Free for creating Indicators

■ 97 USD for EA building (One-Time purchase)

■ Unlimited Real and Demo Accounts

» Review the EA Builder

WALLSTREET FOREX

■ Forex Scalping

■ EURUSD, GBPUSD, USDJPY, USDCAD,

■ USDCHF, NZDUSD, AUDUSD

■ Multiple Timeframes

■ Platforms: MetaTrader4 / MetaTrader5

■ 4/5 Digits trading

■ Focus on Risk Protection, Spread & Slippage Control

■ 299 USD

■ 3 Real Accounts and unlimited Demo

■ Omega Indicator Free

 

» Review the Wallstreet Forex

FOREX TREND DETECTOR

 

■ Forex Scalping

■ Multiple Timeframes

■ Platforms: MetaTrader4

■ Visualize Risk Management / 3 Filters

■ High Reward/Risk ratio

■ 237 USD

■ Free Lifetime Updates

■ 1 Real Account and 2 Demo Accounts

 

 

FOREX DIAMOND

■ Forex Scalping

■ GBPUSD, EURUSD, USDCHF, USDJPY

■ M15 Timeframe

■ Platforms: MetaTrader4

■ Spread & Slippage Protection

■ Trend, Retrace and Countertrend Algorithms

■ Dynamic Take Profit and Stop-Loss

■ 279 USD

■ 1 Real Account and unlimited Demo

■ Free Future Updates

» Review the Forex Diamond

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Trade Systems

A trading system is a set of specific processes and rules that can help traders to optimize their trading process, or to develop automated trading strategies (EAs):

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