In this category, is a growing collection of recent Forex managed account reviews and tests. Often referred to as PAMM or MAM, these accounts are growing in this market as traders look for new ways to increase their passive earnings. Both of these types of accounts are 100% managed by an account manager, but finding the right manager is not a simple process.
Profit Allocation Money Management (PAMM)
This type of Forex managed account is facilitated by a Forex brokerage, which makes it safer than investing directly with a person. In PAMM accounts, the manager will trade on the clients behalf, and often use Forex robots to do so. The benefit of this type of managed account is that it gives traders access to diversity, and expertise. It’s a good way for traders to make some profits, without having to make any trading decisions on their own.
Multi Account Manager (MAM)
The other popular Forex managed account service is the MAM. In this managed account type traders deposit their money directly with the manager, which comes with a higher level of risk. With an MAM, the investor funds are pooled and then profits are distributed based on the original deposit with the manager.
If you are interested in hiring an account manager, or a Forex account management service, then I recommend reading all of the reviews here at Forex Robot Nation. This list is growing every single day as we pick out new management services to analyze and test.