Top 5 Best Managed Forex Accounts in 2025

Trade your favourite markets with our top-rated broker, eToro.

eToro 4.6/5

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

This beginner’s guide takes you through what a managed account is and how it works. Then get some advice as to the key things to look out for when choosing the best forex managed accounts and have your most important questions answered.

Best fx managed accounts overall for 2025

Where can I find the best managed accounts?

If you just want to get started, these are best forex trading platforms to sign up for an account. You can head to their websites using the links in the table below, or keep reading to learn more about how to pick between them.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

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eToro review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

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Plus500 review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Best managed forex accounts

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

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Top 5 forex managed accounts, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

From 1 pip

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage*.

*CFDs trading is restricted for US users.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to forex futures for over 10 symbols. 

Plus500 has something for all types of forex traders, no matter what level of experience. Its low margin requirements (starting at $40) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is a managed account?

It’s a forex trading account that’s controlled by a professional. Managed accounts are similar to a stock market fund, where you provide the money and someone else makes the decisions, but there is more of a formal arrangement where you give somebody else the power to make trades on your behalf.

This type of account is best suited to beginners who want to trade forex but don’t feel they have the expertise to do so. It also might be the preferred route for someone who doesn’t have the time to research different currencies and build their own trading strategy.

How does a forex managed account work?

By effectively giving someone else full control of your account. You sign up through a forex broker and then sign an agreement that permits the account manager to make transactions for you.

As far as you’re concerned, that’s virtually all you have to do. The manager then makes decisions on which currency pairs to trade based on their own experience and the trading signals they use. You can set some guidelines over which factors the manager should consider before making a trade but for the most part they’re left to their own devices.

How to set up a managed forex account – a step-by-step guide

1. Research the options. You should look around and compare all the options available. Choose an account based on things like its trading strategy, the currency pairs it’s interested in, and the size of your budget.
2. Sign up for an FX broker. Once you’ve chosen who you want to manage your account, you need to sign up for the broker that provides it. This is usually simple but you should be prepared to provide some personal information and verify your account with a form of ID.
3. Subscribe to the managed account. Before you can use one of these accounts you need to subscribe to it. Read through the prospectus and make sure you understand the fee structure before you agree to anything.
4. Sign the relevant documents. To let someone else trade on your behalf you need to sign a contract. It’s known as a Limited Power of Attorney Agreement (LPOA) that allows a third party to make your money decisions, within a fixed forex remit.
5. Transfer money. Once your documents are approved you should be given the account details so that you can fund it and the manager can start trading. After that, your work is done and it’s up to them to make the right decisions.

Things to look out for

Before you sign up to anything you should compare accounts in order to pick the best one. Compare basic features like the design and how easy to use a platform is to start with, and then use the factors below to choose an account that works for you.

Fees

A managed account is usually much more expensive than trading forex yourself. You might have to pay a fee to cover the costs of trading, or an annual fee to use the account. Those annual fees can be high: as much as 30-40% a year is not uncommon.

Other accounts make money by charging a percentage of monthly profits. Again, expect that figure to be high, and it can be between 20-40% of the money the account makes each month.

You’ll also need to consider trading costs charged by your broker. These can vary and depending on the account type you go with you may pay spreads, commissions or a combination of both. Below are the average fees for the top 3 forex managed accounts:

Minimum deposits

Another feature of this type of account is that you sometimes have to put down a substantial deposit to start using one. The range of minimum deposits is wide, and at the lower end some platforms ask for just $50-100. It’s more common to see $500-1,000, while in some cases you have to deposit tens of thousands to use an account.

Trading system

Different managers use different indicators to decide which currencies to trade. Some use simple technical indicators like support and resistance levels, while others might go for more complicated strategies. The account prospectus should give you this information and you can use it to compare the options on offer.

Past performance

Past performance is no guarantee of future success but it is something that should factor into your decision. To start with, you want to make sure the broker publishes a history of its account. If there’s no way to verify how well a manager has done, it’s best to steer clear completely. 

Otherwise, you want to check that the account’s methods have met with some success in the past. If it’s trading using a specific set of indicators, then you want proof that they work before you invest your money.

Types of account

There are different types of managed accounts available. There is the traditional individual account, where you sign over control to a manager who controls your money and yours alone. Then there are pooled accounts, which are much more like a mutual fund where the manager controls money that’s contributed by lots of different investors.

Individual accounts mean that the manager is more focused on achieving the best for you, while pooled accounts let you spread the fees with other investors. You might be able to choose a pooled account that focuses on a particular trading strategy or set of currency pairs.

Additional features

Forex trading relies on leverage in order to make big enough trades to profit from tiny price changes. The amount of leverage a platform offers is something to consider. As is the range of currencies available. 

An account that sticks to the major pairs with low leverage might be less risky. One that trades the exotics with lots of leverage could open up the potential for big wins, as well as the risk of much bigger losses as well.

Quick answers to key questions

Are managed accounts safe to use?

The ones that are provided by regulated forex brokers are perfectly secure. However, there are a lot of malicious actors out there and you should beware of loud and unverifiable claims about how much money you can make.

Is a forex managed account regulated?

When you use a forex managed account it may not be regulated, but you should opt to only use one if the brokerage is regulated. The top forex brokers are regulated by various global bodies and when you have an account with one, you’ll benefit from better protection.

Can I sign up with more than one forex broker?

There is no limit to the number of brokers you can have an account with. Just note that setting up multiple managed accounts might be very expensive.

Should I let someone manage my forex account?

Possibly, if you don’t have the time, expertise, or psychology to trade currencies but want to try to make money from it. Managed accounts can be useful for beginners or people who don’t want to learn the ropes themselves. However, they certainly aren’t for everyone. They’re more expensive than regular forex trading accounts and there is no guarantee of success. 

If you are thinking about using one you should spend time comparing accounts. It pays to think long and hard before committing your money to somebody else and you want to be sure that they can be trusted and are likely to perform better with it than you could. 

Still undecided?

Here is a final summary of the pros and cons of using a professionally managed account. Use these to help you come to a final decision about whether it’s for you.