Easy Guide on Best Managed Forex Accounts

If you are looking to trade forex through managed forex trading accounts then you are at the right place. The craze of managed forex accounts is getting richer day by day as it is an amazing way to invest in forex without actually doing anything from your end. Stick with us until the very end as in this guide we will explain what are the best managed forex accounts and as well as the best brokers through which you can invest in these best managed forex accounts. So, without further ado let’s dive into the topic.

What is a Managed Forex Account?

A managed forex account is an account that is managed by another professional forex trader also known as a fund manager on the behalf of its client. This fund manager does everything from finding trading opportunities to executing trades on their own. They are then paid by clients a commission for managing and running trades on their behalf. 


  • Offers passive investing without actually doing anything on your own 
  • No professional trading knowledge is required 
  • Offers flexibility to withdraw funds at any moment 
  • Offers diversified portfolio
  • Can choose one or more fund managers


  • Fees vary on the basis of brokers and account type

How does a Managed Forex Account work?

Managed forex accounts are unique yet well-structured models. First and foremost to use managed forex accounts an investor needs to create a trading account on a forex trading platform of his choice. Once the account is created then allocate the required amount for creating a managed forex account. Now, the investor will be assigned a fund manager who will have limited access to the account as he is the one who will trade on your behalf.

Before a fund manager gets hold of your account or funds, you will be required to sign up for an agreement called the Limited Power of Attorney Agreement (LPOA). This agreement allows both the investor and the trader (fund manager) to trade on the investor account on their behalf, without transferring the investor’s funds to its own account. Once the managed forex account is created it gets placed in the “master block”. And, you will have full access to this account.

However, you cannot conduct their own trades in a managed forex account until the agreement is over or they revoke it. If the investor is not happy with the provided fund manager, he can revoke this agreement at any time.

Different types of Managed forex accounts. 

Managed forex are of three types, individual, pooled and a variety of PAMM accounts. Let’s understand each of the types more clearly. 

Individual Account

The most simple and standard managed forex account is an individual account. As the name suggests, this managed forex account doesn’t involve other traders or fund managers. All the work is done by an individual fund manager. That’s why the minimum deposit is comparatively high for this account that is $10,000. In this account, all the decisions that a fund manager makes are based on your instructions, on your suggested risk levels and on your provided trading strategy or guidance. If you are choosing an Individual account then we recommend you to undergo a bit of study including research and user testimonials.

Pooled Account 

Another type of managed forex account is a Pooled Account. As the name suggests in this account many investors pool their money together in a separate account and share the profits they earn. This type of account is much similar to mutual funds. There are a variety of pools to choose from and each pool varies in strategies, minimum deposits, risk levels, fees and expenses. Since there are many investors involved in this account, the minimum deposit required is much lower than that of an individual account. The minimum deposit required on a pooled account is $2000.

PAMM, LAMM and MAMM Accounts

These types of accounts are relatively new in comparison with Individual and Pooled Accounts. These accounts are much more sophisticated and are similar to mirror and copy trading features offered by eToro and some other brokers. All three of these accounts are pooled accounts as in these accounts also a variety of investors pool their money together and enjoy the profits and losses together. 

PAMM Accounts (Percentage Allocations Management Module) 

These accounts are very popular and are more in demand. In these accounts, profits and losses and fees are distributed equally among all the investors regardless of the amount of money they have invested in with the fund manager. PAMM accounts are heavily transparent which means you can watch everything that is being done by the fund manager. 

LAMM Accounts (Lot Allocation Management Module)

In this account type, the fund manager can apply different leverage on the different investor’s accounts that have pooled in their money according to their needs and requirements. This account type is comparatively more flexible in terms of managing risk, this account type is a form of copy trading. 

MAMM Accounts (Multi-Account Manager)

This account type is a mixture of both LAMM and PAMM accounts. This account holds the flexibility we find in LAMM and functions in the same way as PAMM accounts.

Things to consider before choosing a managed forex account

There are a few things that you should consider before you choose a managed forex account either as an investor or a fund manager that we have listed down. 


Regulation is the most important thing when choosing a managed forex account. It is the same when you choose a forex trading broker. If it is not regulated then you cannot trust it with your funds.


The minimum required deposit varies on the basis of account type and the risk level of the accounts. However, usually, it matches the minimum deposit requirement for the standard trading brokers.


Before you choose your fund manager it is important to first gain knowledge of the fund manager that is how he performs trades, what are his trading strategies, what is his risk profile and many more. Every fund manager has its own trading style. Therefore, it is important to research first and only then choose the one who meets your financial goals and ideology.


It is very important to check whether your chosen fund manager provides flexibility or not, that is whether or not he is able to allocate your money through various allocation methods. The more the allocations are the better will be the money management. 

Diversify Investments 

Make sure to invest money with more than one fund manager to diversify your investments even further. Portfolio Management ensures that you gain much more profits.

Best managed forex accounts

With thousands of trading platforms around, it becomes very difficult to choose the one that meets your financial goals. That’s why to save you your time and energy we have listed down the best forex managed accounts you can choose to invest in your money.

eToro- world’s finest broker 

etoro- logo

When getting started forex trading through a managed forex account then eToro is your go-to partner.eToro is the world’s finest trading platform that offers markets for all the major asset classes. This platform is packed with all the amazing qualities on which we measure the best brokerage platform. It is our most favourite broker when thinking of getting started with managed forex accounts.

The very first reason that attracts thousands of investors towards it is that it allows you to copy a variety of trades at zero cost. eToro provides the copy trading feature. This feature allows you to copy ongoing trades of expert traders. The minimum size of a copy is $1 so you should make sure you have sufficient funds in your account to be sure to copy all the trades by the trader you are copying. You can also use the CopyPortfolio feature, which allows you to diversify your investment portfolio.

Unlike other platforms, account creation on this platform is not time-consuming. It takes only a few minutes to create an account on eToro. Once you have done creating your trading account, you are then required to fund it to start your trading journey. For the convenience of its trader’s, it accepts various payment methods for making a deposit such as Debit/Credit Card, Bank Account, e-Wallet e.t.c. The platform also offers a mobile application for the convenience of its customers.

What are CopyPortfolios? 

CopyPortfolios is an incredible feature that takes CopyTrading to the next level. It helps traders to diversify Portfolios, minimize long-term risk, and to take advantage of current market opportunities. In CopyPortfolio investment, each portfolio is periodically rebalanced so that its users can get the most out of the thematic trading strategy. To use this amazing feature, you first need to create a trading account on eToro’s official website. The minimum initial investment amount required to use this amazing feature is $2000, which further reduces to $1000 for ongoing trades. 


  • Regulated platform 
  • Beginner-friendly
  • Offers CopyTrading
  • Offers CopyPortfolio
  • Offers a variety of financial assets 
  • Easy to create set up 


  • Limited analysing tool

Vantage FX- Flexible Platform

VantageFx- best managed forex acount

Vantage FX offers an advanced service to deal with a third party to deliver managed accounts. It offers a flexible fee structure that means investors can make a deposit or a withdrawal at any time they want. Because of the PAMM structure that it offers, allocation becomes easy and also offers an equity allocation method.


  • Offers Tight Spreads
  • Offers unlimited investors with equity allocation
  • Offers a reward system
  • Regulated Platform


  • Narrow selection on trading instruments
  • On a standard STP account, the minimum deposit required is $200

Forex92 – A management firm

Forex 92 is an amazing consideration when talking about managed forex accounts. One key thing to note here is that it is not a broker but a UK fund management firm that is partnered with regulated brokers such as AVA Trade and BlackBull Markets. 

To use this you are required to sign up with any of the listed above brokers they work with. Once signed up, fund your trading account with the minimum required amount. And then, you will be required to hand over the Mat4 login details to the team. For security reasons you must also sign an agreement called LPOA, which we have discussed above in detail.


  • A forex fund management firm with regulated brokers 
  • Offers reward ratio to increase profit potential.
  • Offers no automation to the trading


  • Much higher minimum 
  • 5% charges if the broker isn’t affiliated.

INFINOX- Zero Cost to invest

INFINOX is a great option when thinking to trade forex through managed forex Accounts. On INFINOX you don’t have to worry about paying the fee to the fund manager as it is done directly by the platform itself. That means the fee for you to use your PAMM account is zero. It works in a totally different manner. As the manager becomes influencers on this platform it attaches a strong social fee. It offers other financial instruments to diversify your investment portfolio, including cryptocurrencies, CFDs and Commodities.

Learn2Trade- London based platform

Learn2Trade uses Multi-Account Management (MAM) system to offer the best-managed forex Accounts in the market. This allows you to invest in a managed forex account through regulated broker AvaTrade. This company is highly transparent which means whatever is being done you can watch it. Furthermore, it offers various trading strategies and risk management principles. It also provides a guide to help you navigate the MAM account via regulated brokerage AvaTrade. 

The minimum investment that is required on this platform is $5,000. The profit share system is the same as other professional forex managed fund managers. It is 70/30 which means 70% of the gains are from investors while the 30 % is shared among fund managers. It also deducts a 2% maintenance fee. 

This platform also offers a demo account feature so that you get a better understanding of how it works and practice it. 


  • Works only with regulated broker
  • Transparent Platform
  • London based platform 
  • Good revenue


  • High minimum investment $5,000 

AvaTrade – Best platform for Fund Managers

AvaTrade- best managed forex accounts

For fund managers who are looking to trade professionally on the behalf of their users, AvaTrade is the best service provider. 

It uses the advanced technology called Multi-Account Management (MAM) system. This platform allows fund managers to use Expert Advisors (EAs), set up sub-groups for different strategies as it has flexibility for different commission structures. The platform is highly liquid and the spreads offered by the platform are competitive.  


  • Offers multiple accounts including balance, PAMM, LAMM and equity.

IC Markets – STP Execution

IC markets- best managed forex accounts

Just like AvaTrade IC Markets is another best Platform for fund managers who are looking to trade professionally on the behalf of their users. Traders get attracted to this platform because of its unique features. The very first feature is that the trades can be placed through Full Mini and micro-lot accounts with the use of MAM and PAM accounts via the MT4 Platforms. Another amazing feature is that without affecting the trading activity on the platform traders can add and remove funds. Moreover, it executes the bulk order through STP ( Straight Through Processing), which helps to boost trust and transparency along with reducing the price irregularities between the fund manager and investors.


  • Straight Through Processing execution on bulk orders. 
  • Amazing features 
  • Offers professional reporting for the money manager 


  • Considerable administration for money managers to set up accounts.

FXPro- European Broker

FxPro- best managed forex accounts

This platform is another great platform for fund managers as it offers both PAMM and LAMM accounts that give a lot of versatility in managing accounts. It provides a variety of methods for the allocation of money. Hence, it can be called a strong offering for fund managers. The platform is highly flexible as allocations can be done via lots, equity, equal risk, percentage and balance. 


  • Offers PAMM and LAMM accounts that give full control to fund managers.
  • Offers the ability to find managers to set their fees 
  • Allow fund managers to earn rebates


  • Not available in the UK.

Step by step guide to creating a Managed Forex Account

Here, we are taking eToro as an example for its CopyTrading feature. you can however choose any of the above-mentioned brokers.

To start trading with CopyTrader, the very first thing you are required to do is to sign up with eToro. You can do so by visiting its official website, where you will find a registration form that you need to fill to get access to the platform to benefit from copy trading. 

Once you are done with entering all these details you are then required to answer several questions about your level of past experience, like what have you traded in the past? What is your level of personal experience? What is your experience of trading with leveraged products?

 By asking such questions the platform gets to know you better. You will also be required to test your understanding of derivatives, then you will be asked about your prefered financial instruments that you wish to invest in and it will also ask you about your prefered trading strategy along with the purpose of trading. 

Now you are required to answer the question of how much amount you wish to deposit into the eToro trading account over a year along with your intended attitude towards risk and rewards. And, then finally it will ask you about your sources of income, your net salary and how much you save. 

Now that you have answered all the questions, you are now required to undergo Verification by providing any proof of your identity before going for trade.


Managed forex accounts are unique yet well-structured models that are being opted for by many. However, selecting the best-managed forex accounts to invest in can be a bit hectic. But to put off the burden we have listed above a few metrics on the basis of which you can choose the best-managed forex accounts of your choice. Managed forex accounts are highly beneficial as you don’t require any prior knowledge to start trading on managed forex accounts and as well as it offers you to diversify your investment portfolio by investing your money with various fund managers.

And, when talking about the best trading platforms to trade managed accounts we recommend you to choose from the above-listed Platforms as they all are regulated by reputable regulatory bodies. The trading platform that we highly recommend to you is eToro as it doesn’t require any commission from your end and in fact, it provides the CopyPortfolio and CopyTrading. 

For those who are looking forward to being fund managers, FP Markets, AvaTrade, IC Markets, FXPro and FX are the best options to choose from. And, for those who are looking forward to investing in managed forex accounts, eToro is the best option.


  1. What have managed forex accounts? 

Managed forex accounts are the accounts that are managed and run by other professional traders on your behalf. Mainly there are three types of managed forex accounts, Individual Account, Pooled Account and a variety of PAMM, LAMM and MAMM accounts.

  1. Who can invest in managed forex accounts?

Anyone can invest in managed forex accounts, you don’t require any knowledge to start investing since the traders are managed by a professional trader on your behalf. Therefore, as long as you are willing to invest in managed forex accounts you can do so without worrying about experience or knowledge. 

  1. Will I have access to the managed forex account? 

Since you and the trader signed an LPOA agreement, you have access to the managed forex account. However, you cannot conduct any trade on this account.

You can even watch the trader’s performance as all of the actions that are followed by the trader are posted on the social pages of the trading platform. It may not be the exact detail but it sure helps you to know the performance and the progress of the trader (fund manager).

  1. How much do I need to pay to trade through a managed forex account? 

How much you need to pay depends on the broker you have chosen. Because there are brokers that charge in the form of commissions or on the basis of performance. And, there are brokers who pay directly to the fund managers, which means they don’t require you to pay any additional charges.

  1. How quickly can I withdraw my money from managed forex accounts? 

You can request a withdrawal at any hour you want and in most cases, withdrawals take no more than 24 hours to get transferred to your account. However, there might be a withdrawal fee that you need to pay.