A type of forex account in which a money manager trades the account on a client’s behalf for a fee. Managed forex accounts are similar to hiring an investment advisor to manage a traditional investment account of equities and bonds. Returns and fees between managed accounts can vary greatly; therefore, it is important to research your options thoroughly before assigning your account to a professional manager.

Some forex managed accounts are manually traded by the manager while others use automated software to place trades for them. Some use a combination of both of these.

Also check out: Forex Trading Robot