Managed Account

Managed Account

Managed Forex Accounts can be a great tool for new or inexperienced investors who wish to get involved in online Forex but are still learning to trade. Managed forex accounts can also be used by investors who wish to participate in the FX market but do not have the time to monitor the market or who simply prefer to have their funds managed by an experienced trading professional. For traditional investors, managed forex accounts can provide portfolio diversification.
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Trading type

Managed forex accounts with Maps IG

Maps IG does not manage Forex accounts on behalf of investors but facilitates the process for forex professionals who wish to work with managed forex accounts as well as investors who wish to have a forex account managed by a forex professional.

Maps IG offers ideal conditions for forex account managers and investors ensuring ethical and excellent trading conditions and quality client support 24/5. Maps IG has access to price feeds from more than 14 banks and provides very narrow and low spreads which guarantees a low rate of slippage. The spreads offered are also fixed 24 hours a day, supporting the view that fixed investments are safer over a long time therefore maximizing the potential for profitability and minimizing losses. In support of diverse forex trading strategies, Maps IG allows hedging, scalping, news trading, EA trading, and manual trading as well as offering flexible leverage and customized forex accounts.

Trading type

How to apply for a managed forex account

Typically a Power of Attorney (POA) is given by the investor to the money manager. The Power of Attorney form is provided by Maps IG and needs to be filled in by the investor and then emailed or faxed to Maps IG  for the POA to take effect. The professional who will be managing the investor’s forex account has a limited power of attorney and will not have authorization to deposit or withdraw the funds.
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Trading type

Monitoring Account

The investor will have access to the forex account and will be able to monitor the account, track account equity and balance, and also create an account statement online at any time. In addition to the Power of Attorney, a trading agreement can be established between the money manager and the investor outlining the terms and conditions of the working relationship and any fees or commission that the account manager will charge for his services. 

Maps IG carries out due diligence on all its clients and entrusts its traders and investors to act professionally and responsibly As Maps IG does not actually manage forex accounts on behalf of investor clients. Maps IG takes no part or responsibility for the performance of the forex professional, including any trading activity or profit and/or loss on the account.

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GENERAL SERVICES

ABOUT US

Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with MAPSIG, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.