What is a forex account manager ?
A forex account manager is a person of ordinary skill , working on his behalf or for an online broker who will trade with money from customers.
The initial investment is often tens of thousands of euros.
Forex account managers are becoming more numerous and often take advantage of the naivety of beginners who want to earn millions without trader for themselves , that is to say without having to spend hours and hours to train in online trading .
That is clear from the outset , managers forex account are not all scams ...
but many are not serious , low-skilled and able to find customers on the forums or through word- of-mouth.Independent account managersLine of sight , especially managers of independent account. In France , to manage client portfolios under management , create a portfolio management company and then get the approval of the AMF. All this is often very complicated ( eg with the need of a minimum share capital of 125 000 euros ! ) Where the fact that many independent account managers operate without approval , outside the law, and then from companies based in tax havens where the formalities of creation are inexpensive and fast .
The problem is so that the client has no guarantee that his manager will not leave on vacation with his money or use it to buy a car ...
Anyway, guarantee zero.Beware of account managers binary options !A note , since binary options have gained some fame in France for several years, we are witnessing the emergence of account managers for this investment product, it may be retail traders or services directly offered by binary options brokers .
In both cases , no regulation does not exist in binary options , and given the sharp increase in online scams in the area , it is strongly recommended to use an account manager binary options. Although presented gains are enticing .
The risk is that your capital disappear within a few weeks without any legal recourse possible.
If you want binary options , binary better follow the training options offered by some brokers and trader free for your own account.
Rather than finding the account manager forex serious in France , it is better to turn to other similar or close alternatives.
Many forex brokers regulated by the Bank of France , or at least at European level feature called managed forex accounts .
The principle is the same as for the self- management , with the difference that the regulation is present and is a guarantee of reliability .
Thus, a forex broker can not with money from customers replenish its accounts or create a Ponzi scheme , which is always possible if we use an independent trader.
Among the possible offers in France , two have already proven :
- That FXCM offers forex managed account from 25,000 euros- GCI with its forex managed from 10,000 euros account
Note that the managed account GCI is fully automated, which is not the case of FXCM account .
Automation has its advantages and disadvantages.
Before opening an account , it is important to check with the forex broker gains accumulated over recent years, with supporting evidence , to avoid unpleasant surprises later.
