One of the things that prevent investors like yourself from investing into a managed forex account, is that typically it is difficult to find an account that has a low minimum investment amount.
There are many that require a minimum of $5,000 and $10,000 to open an account, and this is just too much money for many people, so they don’t invest.
However, I have come across this managed forex account with a low minimum of $500 to start up. A great amount for investors to start with. It means that investors can see how the account is performing, and then decide whether to deposit further funds for increased profits.
The issue here is that performance fees are higher for lower investment amounts. See the table below.
- 35% from $500
- 30% from $1,000
- 25% from $2,000
- 20% from $5,000
- 15% from $10,000
I say it’s an issue but it’s not really because many forex managed account providers charge a standard 35% performance fee for all starting amounts. Some charge 50% and some charge 25%.
15% for a $10,000 startup amount is like gold dust. I have never seen this before, apart from this same trader a few years ago.
If you are looking for a managed account to test the waters with, this account could be the one that you are searching for. A low minimum of $1,000 and 30% performance fee is a great starting point for example.