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When it comes to managed forex accounts for US citizens, there are a few things that you need to know. First and foremost, it is important to understand that these types of accounts are not available to everyone. In order to qualify, you must be an accredited investor, which generally means having a net worth of at least $1 million. Additionally, the investment must be made through a registered broker-dealer or investment adviser.That being said, there are many benefits associated with managed forex accounts for US citizens. For starters, these types of accounts offer much higher leverage than traditional forex trading accounts. This allows for the potential of greater profits, but also comes with increased risk. However, with a professional money manager overseeing the account, this risk can be minimized. Additionally, managed forex accounts often have lower costs associated with them than traditional accounts, making them more efficient and cost-effective in the long run.So if you are an accredited investor and are looking for a way to trade forex with higher leverage and lower costs, then a managed forex account may be right for you. Just be sure to do your research and work with a reputable broker or investment adviser in order to get started.
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