Forex Managed Accounts for US Citizens
US citizens are as interested in managed Forex accounts just like the rest of the world. Unfortunately, the signing of Dodd Frank Act in 2010 led to the demise of many entities that purportedly offered Forex managed accounts to US citizens but there are still a few good investment managers who have curved out a niche in Crypto currency trading. You invest in the fund and leave the professionals to handle the rest. You can collect your profits at the end of the day.
Does this mean that US citizens can’t take advantage of Forex managed account services offered by professional traders like us? Not really! This table actually gives you an opportunity to join forex portfolio management services where monthly returns average 19% on a consistent basis.
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There is an increase in the number of US investors who are looking for MAMM/PAMM accounts today. It baffles me because, despite the predicament that providers of Managed Forex Accounts for US citizens faced after Obama signed the bill, US investors are still determined to go the extra mile so they can find reliable PAMM/MAM accounts that are worth investing in.
Actually, 17.8% of traffic from internet users who search the words ”managed Forex accounts” come from the US. So this means that a lot of folks are still interested in what Forex trading can do to their finances.
Why are there so few Forex Managed Accounts providers targeting US citizens?
Regulations in the US are the greatest obstacle as many companies or entities that provide managed accounts are not willing to be liable when regulators liaise with law enforcers to crack down on their businesses.
Regulations are good because they keep your money safe. But they are disadvantageous because they prevent legit fund managers from conducting their businesses in the US while having their bases in an offshore location.
As a matter of fact, not all offshore fund managers are fraudulent. Although scams operating in an offshore destination are common, it certainly does not mean that you cannot find good and honest traders who can generate stable returns for you every month.
The best way to gauge whether a trader can generate returns for you is to check out their performance records. If they have a myfxbook account, that’s even better because you can see all their past trades, their average monthly returns, and you can also get a clue of their trading style.
You see, I have been receiving a lot of emails from US citizens inquiring about managed Forex accounts and honestly, it has been difficult to give them an honest answer or tell them that I didn’t know of a reliable managed account provider until recently when we started a similar service.
At the moment, the brokers we are using are not accepting US citizens but a good alternative for people living in the US would be to copy our Forex signals while trading with US-friendly brokers like Oanda. Copy-trading would be the best solution to this challenge because the mechanism works in a similar fashion to managed Forex accounts.
How to find a good money manager if you are from America
The good news is that even when it’s hard to find reliable Forex Managed accounts for US citizens, there are always a few providers who take the risk to help investors who are willing to go the extra mile to gain financial freedom.
Forex trading is lucrative and if you can get a Forex managed account provider that offers 5% monthly returns on a consistent basis, you would be far better off.
We do offer 19% monthly returns on a consistent basis. Most of our customers are from the UK but we are considering to welcome US citizens aboard too.
If you are from the US and are looking for Forex managed accounts for US citizens in your country, we can give you a solution right away if you speak with us.
Financial freedom is hard to come by because the ”system” would like you to keep struggling. That’s just how the planet was designed. Nonetheless, if you are a determined person who is always willing to take risks, I can promise you that you will achieve success along the way.
But conducting your own due diligence is the best way to exercise precaution if you do not want to lose money. Even if you decide otherwise, ensure that the next person offering Managed Forex Accounts for US citizens is transparent, honest and can produce proof of their trading performance. You don’t want to fall for exit scams even for once.