A managed account is a portfolio of securities owned directly by you and managed at the discretion of a professional fund manager. The fund manager is given a limited power of attorney to trade the account and deduct management fees. Managed accounts minimize operational risks and disadvantages of investing in hedge funds and other pooled investments, such as illiquidity (due to long lock-up periods), a lack of regulation and a lack of transparency.
Forex managed accounts can be a great tool for clients who want leveraged exposure to the forex market but do not have the time to monitor the market 24 hours a day or who prefer to have their funds managed by an experienced trading professional. Studies of forex managed accounts have often shown performance not related to the stock market. Consequently, forex managed accounts can provide portfolio diversification. Trading Point has created the unique environment that enables its clients to appoint a trader to manage their account.
Benefits of Managed accounts at Trading Point
- Revocation of Power of Attorney allows you to block trading at any time
- 24/7 access to your account in order to monitor the trading activity
- The manager does not have the authority to deposit and withdraw funds
- Tight spreads.
- 24 hours Client Support.
- Instant Execution.
- No negative Balances
- Phone dealing
- Choice of base currency of the investment (EUR, USD, CHF, GBP, JPY and AUD)
How to apply for a Forex Managed Account with Trading Point
Open a trading account with Trading Point, Complete a Limited Power Of Attorney, which will provide the manager with the right to trade the funds in your account and sets out the fees payable, Fund your Trading Point account directly.
How to choose your manager
Consider your Investment objectives and Investment horizon, understand the risk profile of the manager along with his trading strategies, understand the fees the manager will charge, obtain the manager’s track record, obtain referrals from other investors, forex forums or your financial advisor.
Trading Point does not participate in any way in trading decisions made by external Fund Managers and makes no representations, warranties and assumes no obligations with regard to any external Fund Manager’s trading strategy and/or performance.