Why Investing in a Managed Forex Account is a Secure Way to Access the Currency Markets

Why Investing in a Managed Forex Account is a Secure Way to Access the Currency Markets

A key aspect of investing in a managed forex account is that it can offer many different benefits that extra conventional investments in mutual funds cannot supply. The first of these is the nature of how your funds are held, and are protected. With a conventional mutual fund, your funds are held by the investment firm. Once you have invested, you have no control over your funds - all you'll receive is a monthly statement showing your account balance.

Nevertheless, with a managed forex account, you've got complete control over your funds. Your investment is held by a regulated forex broker, who isn't permitted to give access to your funds to the professional fund manager. Instead, only you've access to your funds. You're able to look online to get an up to the minute balance of your account. This is specially helpful, as it eliminates the possibility of fraud on behalf of the currency trader who is looking after your managed forex account - because the account statement is produced by the forex broker, this is independent confirmation that the account details are true.

Additionally, an additional key benefit of a managed forex account is that you may withdraw all or component of your funds at any time you like. This is due to the fact you maintain a direct relationship with the forex broker, to ensure that you may request a full or partial withdrawal at any time. This significantly reduces the possibility of fraud, as, for instance inside the Madoff case, where investors had no access to their capital, only the words of one man that their investment was safe, which turned out to be entirely untrue.

Thus, to conclude, it might be seen that there are a number of distinct benefits of having a managed forex account, as opposed to a normal mutual fund. Nevertheless, as with all investments, you need to do your due diligence, to guarantee that the fund manager that you choose has the required experience and expertise. You will discover loads of badly performing managed accounts, as a result of poor performance by the fund manager. So make sure that you do your due diligence before investing any cash in a managed forex account.

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