managed forex accounts singapore

If you’re looking for a managed forex account in Singapore, there are a few things you need to know. First of all, make sure you understand what a managed forex account is. This type of account is where a professional forex trader manages your money for you and makes all the trading decisions.There are a few different ways that these accounts can be structured, but the most common is for the trader to receive a percentage of the profits made on the account. This means that they only get paid if they make money for you, so it aligns their interests with yours.The other thing to keep in mind is that these types of accounts usually require a minimum investment amount. This can be anywhere from $5,000 to $50,000 or more. So if you’re not prepared to invest at least this much, then a managed forex account might not be right for you.Finally, do your research and choose a reputable and experienced forex trader to manage your account. There are many scams out there, so it’s important to be careful. A good place to start is by asking around and getting recommendations from people you trust who have experience in this area.