The managed account is a very common scam in the forex marketplace. Most forex traders are not able to make money from their trading. Unfortunately some of these failing traders decide to setup a “managed account service”, offering to trade other people's money for them, even though they are losing traders.
The reason they do it is because there is often very lucrative commissions to be made from the forex broker. Some managed accounts investments actually charge you for each trade they make; regardless of it wins or lose. So you end can end up paying to have a bad trader lose your money.
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