What is a Managed Account?
A Forex managed account is a service that offers professional traders with extensive experience and verified results to handle the trading and management of your account. In exchange, they receive a percentage of the monthly generated profits (Profit Fee) from the account. It is important to note that the Profit Fee is only charged when profits have been made. If there are no profits, no fee is incurred. The amount of monthly profits depends on the account size, with larger accounts generating higher profits. On average, clients can expect monthly profits ranging from $1,500 to $5,000.
Advantages of a Boss Traders Forex Managed Account:
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