Below we will compare the Best Forex Managed Accounts available. We base our research on various factors such as fees, security, trading platform, account types, and much more.
A reliable Managed Forex account saves time by capitalizing on the opportunities around the clock, providing control of your assets, and ensuring their safety by funding the Forex Managed Account with a regulated forex broker.
List of the Best Forex Managed Accounts
Many Forex Brokers are offering managed accounts. During my research, this is the list of the best I came up with.
- eToro – Best Managed Forex Account Overall
- AvaTrade – Best FCA-Regulated Forex Managed Account
- Pepperstone – Low Spread Forex Managed Account
- FxMAC – Global Managed FX Accounts
- Alpari – Managed PAMM Forex Account
- Admirals – Great Managed Forex Accounts Through Copy Trading
While eToro is my top pick due to its practical copy trading feature, AvaTrade follows as a platform providing the best Managed Forex Trading App. FxMAC is a feasible choice for investors looking for simplified investment programs and one of the best managed forex accounts. Alpari follows as a platform providing the best forex PAMM accounts.
Best App
PFI Rating 4.9
Best Overall
PFI Rating 4.9
Third Place
PFI Rating 4.9
| Managed Forex Account | Info | Platforms | Service | Our Score | Minimum Deposit | Management Fee | Minimum Withdrawal | |
|---|---|---|---|---|---|---|---|---|
| #1 |
|
Reliable social and copy trading platform | Web-based Platform | Forex Copy Trading | 4.9 | Varies with region | varies | $30 |
| #2 |
|
Feasible for beginners | Web trading, MT4, MT5, AvaTrade Go | Forex and CFD trading | 4.9 | Depends on broker | $50 | No limit |
| #3 |
|
The best CFD brokers | Meta Trader 4 and 5 | CFD Broker | 4.9 | $200 | Low Spreads | Can withdraw 90% of your free margin |
| #4 |
|
Low spread and low-risk trading environment | Meta Trader 4 and 5 | Forex PAMM accounts | 4.8 | $5 | 20% of profits | $100 |
| #5 |  FxMAC |
Works with regulated brokers and clients across the globe | MT4 or Ctrader | Forex trading programs | 4.7 | $5000 | 25% onwards | No limit |
| #6 |
|
Provides top-notch educational resources and advanced trading tools | MT4 and MT5 | Global Forex and CFD broker | 4.8 | $100 | Varies upon spread and account type | $1 |
PFI Rating: 4.9/5
1. eToro
Founded in 2007 in Tel Aviv, Israel, eToro copy trading platform provides a great selection of managed forex accounts. It's one of the world's social trading networks and has over 28 million registered users benefitting via its CopyTrader feature. eToro is best for copy trading which in essence is a managed account.
77% of retail investor accounts lose money when trading CFDs with this provider.
The trading platform is regulated by the CySEC, ASIC, FCA, and other entities, fulfilling the regulations across 140 countries.
eToro offers trading in stocks, cryptocurrency, indices, commodities, and Forex. The platform doesn't charge commissions or management fees on long, non-leveraged real selected US stocks. It provides ready-made investment portfolios and top-notch cybersecurity to keep funds and information safe. eToro offers a free demo account to get familiar with the trading platform and improve your investment skills.
The minimum deposit varies with region, starting from $50 to up to $10,000 (Israel). The lowest minimum deposit of $10 is only for the US and UK. Deposits via bank transfers should be a minimum of $500. You can transfer funds via bank transfers, credit cards, Klarna/Sofort, and E-wallets, including PayPal, Neteller, and Skrill.
A conversion fee applies on non-US withdrawals and deposits. There is an overnight fee for holding a CFD position. An inactivity fee is charged after a year of inactivity on the account. eToro charges $5 on all withdrawals, and they charge a fee through the spread.
| Pros | Cons |
|---|---|
| 0% Commission on Selected Real Stocks | Only one base currency |
| Easy account registration and usage | High non-trading charges |
| Copy Trading | Limited customer service |
PFI Rating: 4.9/5
2. AvaTrade
AvaTrade started providing its services in 2006 and has become one of the best forex-managed account providers. They have over 300,000 registered users and provide services to over 150 countries. Avatrade provides thousands of financial instruments to trade, the account opening is easy, and it provides detailed educational tools to let investors learn and trade like a pro.
76% of retail investor accounts lose money when trading CFDs with this provider.
The market maker is regulated and licensed in several countries like Japan, Israel, Ireland, Australia, and South Africa. AvaTrade offers CFDs on Commodities, Forex, Stocks, Cryptocurrency, and Indices. The broker provides mobile and web platforms. You can use a bank transfer, credit cards, and most electronic payment wallets like Paypal and Skrill.
Avatrade offers three account types, starting with a minimum deposit of $100. The spreads for forex pairs vary. Commissions are based on trades and have a rollover fee. The broker also provides integration of the best platforms like Zulutrade, MetaTrader 4, and their proprietary AvatradeGo, and AvaOptions.
| Pros | Cons |
|---|---|
| Fast account opening | CFD Only |
| One Of The Best Trading Apps | Inactivity Fees |
| Free deposits and withdrawals |
PFI Rating: 4.9/5
3. Pepperstone
Founded in 2010, Pepperstone is a trading platform offering forex managed accounts and regulated in many tier-1 jurisdictions, earning a place in the market as a low-risk level CFD and forex broker. It's one of the best-managed accounts for the forex market, has fast communication systems, allows quick deposits and withdrawals, and provides multiple account types.
Between 74-89 % of retail investor accounts lose money when trading CFDs.
Pepperstone allows clients to choose from leading platforms like MetaTrader 4, MetaTrader 5, and cTrader. Leading authorities like ASIC, CySEC, FCA, SCB, DFSA, BaFin, and CMA regulate Pepperstone. They provide standard and razor accounts with varying commissions and rollovers. Pepperstone offers trading instruments like Forex, Crypto, Shares, and Commodities.
The managed forex account platform provides access to their account manager via mobile apps, including advanced forex signals, charting and drawing tools for better analysis of financial markets, and other features like a forex calendar. They offer a web platform and other instruments like MT4, MT5, cTrader, and Duplitrade.
| Pros | Cons |
|---|---|
| Low Fees | Support services are available only five days a week |
| Offers multiple platforms like MetaTrader and cTrader | Fewer passive trading opportunities |
| Wide selection of tradeable markets | |
| Thousands of trading instruments |
PFI Rating: 4.7/5
4. FxMAC
FxMAC is a company that has provided one of the best-managed forex account services globally since 2012. Its dedicated account management platform provides opportunities for new traders who need to learn more about financial markets. They give individual accounts portfolio managers or money managers, specialize in forex-managed accounts, investments, managed accounts, and forex trading, and only work with regulated forex brokers.
The service provides easy account management but charges 35% performance fees. The platform is not regulated by the PRA and the FCA and operates in several countries. The company offers clients the choice to work with select brokers while signing a forex account management agreement, giving brokers the authority to trade forex or any other commodity while utilizing their investment.
You will be charged a management fee, depending on your account type. Minimum deposits start from $5000 and are feasible for investors looking for long-term investments.
| Pros | Cons |
|---|---|
| Traders require no active monitoring | Little transparency about the Devs and Team |
| Verified MyFxbook accounts | Scarce information about broker partners |
| Long-term investment option |
PFI Rating: 4.7/5
5. Alpari
Co-founded in 1998 in Russia, Alpari international provides trading services across 150 countries to more than a million clients. Alpari offers CFDs on Forex, Crypto, Stocks, and Metals. Alpari is one of the oldest MetaTrader brokers and an early platform to adopt social copy trading, allowing investors to make better trading decisions.
The Financial Services Commission of Mauritius regulates Alpari. They provide managed PAMM forex accounts to facilitate clients to benefit better and are compatible with MT4 and MT5 platforms.
A mobile app is also available to manage your PAMM (percent allocation management module) account on the go. Alpari supports its clients by providing trading features like API trading, advanced financial charting, multi-lingual support, and an easy-to-use trading exchange. A minimum deposit of $5 via a bank transfer, credit cards, and several online payment systems.
Alpari charges a commission based on trading type, financial asset, and trading account experience when you withdraw funds and commission fees. Overnight and inactivity fees are charged but vary.
| Pros | Cons |
|---|---|
| $1 minimum deposit | Lacks advanced trading and charting tools |
| Some Commission-Free trades | Occasional delays with fund withdrawals |
| Supports ECN |
PFI Rating: 4.7/5
6. Admirals
A global CFD and forex broker founded in 2001, Admirals is an Estonia-based trading platform regulated by authorities like the FCA and ASIC. They offer free and fast deposits and withdrawals and provide multiple options to deposit via bank transfer, electronic wallets, and credit/debit cards.
They offer ETFs, Forex, and Cryptocurrencies, Commodities, and Bonds to clients. They charge a low trading fee, charge an inactivity fee, and require a minimum deposit of $100. Admirals offer excellent educational content and support for platforms like MetaTrader4 and other similar platforms. The company uses reliable signals obtained from premium analytics.
| Pros | Cons |
|---|---|
| Low CFD fee | Customer support available only during working hours |
| Simple account opening process | CFD Only |
| Fast withdrawals and deposits | Inactivity Fees |
Compare Managed Forex Accounts
I compared the best Forex managed accounts below, to make it easier to understand how they stack up.
| eToro | AvaTrade | Pepperstone | FxMAC | Alpari | Admirals | |
|---|---|---|---|---|---|---|
| Our Score | 4.9 | 4.9 | 4.9 | 4.7 | 4.9 | 4.8 |
| Founded | 2007 | 2006 | 2010 | 2012 | 1998 | 2001 |
| Regulation | FCA, CySEC, ASIC, FSAS | FCA, ASIC, FSCA, FRSA, Israel Securities Authority, Financial Services Agency, Financial Futures Association of Japan | ASIC, CySEC, FCA, SCB, DFSA, BaFin, CMA | N/A (work only with regulate d brokers) | Financial Services Commission of Mauritius | MiFID, FCA, Estonian Financial Supervision Authority |
| Headquarters | Tel Aviv, Israel | Dublin, Ireland | Melbourne, Australia | London, Greater London | KIngstown, Saint Vincent and Grenadines | Estonia |
| US Clients Allowed | Yes | Yes | No | Yes | No | Yes |
| Available Outside US | Yes | Yes | Yes | Yes | Yes | Yes |
| Minimum Deposit | $10 | $100 | $200 | $5000 | $5 | $100 |
| Deposit Methods | PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking - Trustly, POLi | Bank transfers, Credit/Debit cards, and major e-wallet payments are accepted | Bank transfers, Credit/Debit cards, and major e-wallet payments are accepted | Credit/Debit cards, bank transfers, PayPal, Skrill, etc. | Credit/Debit cards, bank transfers, PayPal, Skrill, etc. | Bank transfers, credit card, PayPal, Skrill, Neteller |
Features Compared
Below I compared the main features of Forex Managed Accounts listed.
| eToro | Alpari | Pepperstone | FxMAC | Admirals | AvaTrade | |
|---|---|---|---|---|---|---|
| Demo Account | Yes | Yes | Yes | No | Yes | Yes |
| Islamic Account | Yes | Yes | Yes | No | Yes | Yes |
| Margin | Yes | Yes | Yes | Yes | Yes | Yes |
| Copy Trading | Yes | Yes | Yes | No | Yes | Yes |
| Trading Signals | Yes | Yes | Yes | Yes | Yes | Yes |
Platforms Compared
When it comes to trading platforms, this is how these Managed Forex Accounts Compare.
| eToro | Alpari | Pepperstone | FxMAC | Admirals | AvaTrade | |
|---|---|---|---|---|---|---|
| Demo Account | Yes | Yes | Yes | No | Yes | Yes |
| Islamic Account | Yes | Yes | Yes | No | Yes | Yes |
| Margin | Yes | Yes | Yes | Yes | Yes | Yes |
| Copy Trading | Yes | Yes | Yes | No | Yes | Yes |
| Trading Signals | Yes | Yes | Yes | Yes | Yes | Yes |
Customer Support Compared
Good customer service is essential when working with a broker. Find the table below on how these forex managed account platforms compare.
| eToro | Alpari | Pepperstone | FXMAC | Admirals | AvaTrade | |
|---|---|---|---|---|---|---|
| Yes | Yes | Yes | Yes | Yes | Yes | |
| Phone support | Yes | Yes | Yes | No | Yes | Yes |
| Live Chat | No | Yes | No | No | No | Yes |
Trading Fees Compared
| eToro | Alpari | Pepperstone | FxMAC | Admirals | AvaTrade | |
|---|---|---|---|---|---|---|
| Inactivity Fee | $10/month | $5 | No | No | $10 per month | $50/month After 3 Months |
| Forex | Spread | Varies | $0.04 | 0% | $3 per lot traded + spread cost | 0% |
| ETFs | 0% | Varies | Varies | Varies | $0.02 | 0% |
| Stocks | Spread on CFD (0% on Selected Real Stocks) | Varies | 0% | Varies | $0.02 per share | 0% |
| Crypto | Varies | $15 per lot | Varies | Varies | Varies | 0% |
| Withdrawl Fee | $5 | 3% of the Withdrawl amount | 3% of the transaction amount | $25 in US and $40 other than USA | $0 | $0 |
| Deposit Fee | $0 | $0 | $0 | $0 | $0 | $0 |
| Annual Fee | No | No | No | No | No | No |
Conclusion
When I compared Forex Managed Accounts, I found that eToro, AvaTrade, or Pepperstone are the best choices.
A managed forex trading account can provide the right opportunities for trading forex, cryptocurrency, and several other trading instruments while keeping it all low-risk.
When looking for the best forex-managed account, remember to review their past performance, performance fee, annual fees, and trade-based regulations to make an informed decision.
FAQ
What is a Managed Forex Account Performance fee?
Performance fees are a way managed forex companies make money. The fee varies with each company and ranges between 20 to 50%.
What is a pooled account?
Pooled accounts are similar to mutual funds, where the money manager controls the money contributed by different investors.
What is a Management Fee?
Management fees differ from the performance fee and are typically charged once when the client opens an account with the service.
Does the Forex Manager have access to the available funds?
The trader has no access to the funds as the money is in your name. Only the account holder can deposit, withdraw, or close their investor accounts.
What is Limited Power of Attorney?
This attorney agreement allows the trader to operate the account and perform actions like trading in the foreign exchange market and taking performance fees. The agreement doesn't allow them to withdraw funds or perform any other administrative function.
