I want to answer the question, why is MY brokerage the best forex brokerage for managed accounts?
I get asked this quite frequently, so I thought I should dedicate a short post as the standing answer.
And I even answered with a video! I am going to try and do this more often… I don’t even read blogs myself if they are too long (And I sure can ramble) but I will watch a 10 minute rambling video on youtube no problem
Firstly, not only do I consider it the best forex brokerage for managed accounts, but I also consider it the best forex brokerage for trading period.
- The spread on the EUR/USD is 2 pips fixed, I have never seen it fluctuate in 2.5 years, and I trade the news!
- The minimum deposit to open an account is $300 USD
- It’s offshore.
- Up to $20,000 EURO is insured by a 3rd party.
- They are an STP brokerage (orders are filled by the market or not at all) which means any and all forms of scalping is welcome.
- They allow traders to trade the real market open (Very few brokers do this).
- They are fast and courteous.
That to me equals the best forex trading environment.
But onto why I use it for managed accounts, and why you may not ever see me using anything else.
- They use the PAMM system, easiest option for managers, unlimited clients, and it’s the safest form of managed account I know of.
- They have a list of managers in the back office, with the best forex managers moving to the top of it.
- The minimums are small.
- It is one click to choose a manager, it is another to leave him.
- They have the best forex managers I have found, a nice international mix too.
Example: 400% in 4 months
I probably threw some extra stuff in the video, as I like to ramble, you may want to check that out.
Also, if you have not done so here is a couple other posts you may want to read.
Link to brokerage