Best Managed Forex Account

Below we will compare the Best Forex Managed Accounts available. We base our research on various factors such as fees, security, trading platform, account types, and much more.

A reliable Managed Forex account saves time by capitalizing on the opportunities around the clock, providing control of your assets, and ensuring their safety by funding the Forex Managed Account with a regulated forex broker.

List of the Best Forex Managed Accounts

Many Forex Brokers are offering managed accounts. During my research, this is the list of the best I came up with.

  • eToro – Best Managed Forex Account Overall
  • AvaTrade – Best FCA-Regulated Forex Managed Account
  • Pepperstone – Low Spread Forex Managed Account
  • FxMAC – Global Managed FX Accounts
  • Alpari – Managed PAMM Forex Account
  • Admirals – Great Managed Forex Accounts Through Copy Trading

While eToro is my top pick due to its practical copy trading feature, AvaTrade follows as a platform providing the best Managed Forex Trading App. FxMAC is a feasible choice for investors looking for simplified investment programs and one of the best managed forex accounts. Alpari follows as a platform providing the best forex PAMM accounts.

Best App

AvaTrade Logo

PFI Rating 4.9

  • Great Trading App
  • Proprietary Platform
  • Well Regulated

Best Overall

etoro logo

PFI Rating 4.9

  • Best in Class
  • Well Regulated
  • Copy Trading

Third Place

Pepperstone Logo

PFI Rating 4.9

  • Low Spreads
  • Fast Execution
  • Tutorials
Managed Forex Account Info Platforms Service Our Score Minimum Deposit Management Fee Minimum Withdrawal
#1 etoroeToro Reliable social and copy trading platform Web-based Platform Forex Copy Trading 4.9 Varies with region varies $30
#2 AvaTradeAvaTrade Feasible for beginners Web trading, MT4, MT5, AvaTrade Go Forex and CFD trading 4.9 Depends on broker $50  No limit
#3 PepperstonePepperstone The best CFD brokers Meta Trader 4 and 5 CFD Broker 4.9 $200 Low Spreads Can withdraw 90% of your free margin
#4 AlpariAlpari Low spread and low-risk trading environment Meta Trader 4 and 5 Forex PAMM accounts 4.8 $5 20% of profits $100
#5 FxMACFxMAC Works with regulated brokers and clients across the globe MT4 or Ctrader Forex trading programs 4.7 $5000 25% onwards No limit
#6 Admiral MarketsAdmiral Markets Provides top-notch educational resources and advanced trading tools MT4 and MT5 Global Forex and CFD broker 4.8 $100 Varies upon spread and account type $1
Our Top Pick
etoro logo

PFI Rating: 4.9/5

1. eToro

Founded in 2007 in Tel Aviv, Israel, eToro copy trading platform provides a great selection of managed forex accounts. It's one of the world's social trading networks and has over 28 million registered users benefitting via its CopyTrader feature. eToro is best for copy trading which in essence is a managed account.

{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.

The trading platform is regulated by the CySEC, ASIC, FCA, and other entities, fulfilling the regulations across 140 countries.

eToro offers trading in stocks, cryptocurrency, indices, commodities, and Forex. The platform doesn't charge commissions or management fees on long, non-leveraged real selected US stocks. It provides ready-made investment portfolios and top-notch cybersecurity to keep funds and information safe. eToro offers a free demo account to get familiar with the trading platform and improve your investment skills.

eToro Managed Copy Trader

The minimum deposit varies with region, starting from $50 to up to $10,000 (Israel). The lowest minimum deposit of $10 is only for the US and UK. Deposits via bank transfers should be a minimum of $500. You can transfer funds via bank transfers, credit cards, Klarna/Sofort, and E-wallets, including PayPal, Neteller, and Skrill.

A conversion fee applies on non-US withdrawals and deposits. There is an overnight fee for holding a CFD position. An inactivity fee is charged after a year of inactivity on the account. eToro charges $5 on all withdrawals, and they charge a fee through the spread.

0% Commission on Selected Real StocksOnly one base currency
Easy account registration and usageHigh non-trading charges
Copy TradingLimited customer service
Best App
AvaTrade Logo

PFI Rating: 4.9/5

2. AvaTrade

AvaTrade started providing its services in 2006 and has become one of the best forex-managed account providers. They have over 300,000 registered users and provide services to over 150 countries. Avatrade provides thousands of financial instruments to trade, the account opening is easy, and it provides detailed educational tools to let investors learn and trade like a pro.

76% of retail investor accounts lose money when trading CFDs with this provider.

The market maker is regulated and licensed in several countries like Japan, Israel, Ireland, Australia, and South Africa. AvaTrade offers CFDs on Commodities, Forex, Stocks, Cryptocurrency, and Indices. The broker provides mobile and web platforms. You can use a bank transfer, credit cards, and most electronic payment wallets like Paypal and Skrill.

Avatrade offers three account types, starting with a minimum deposit of $100. The spreads for forex pairs vary. Commissions are based on trades and have a rollover fee. The broker also provides integration of the best platforms like Zulutrade, MetaTrader 4, and their proprietary AvatradeGo, and AvaOptions.

Fast account openingCFD Only
One Of The Best Trading AppsInactivity Fees
Free deposits and withdrawals
AvaTrade Homepage
Low Spreads
Pepperstone Logo

PFI Rating: 4.9/5

3. Pepperstone

Founded in 2010, Pepperstone is a trading platform offering forex managed accounts and regulated in many tier-1 jurisdictions, earning a place in the market as a low-risk level CFD and forex broker. It's one of the best-managed accounts for the forex market, has fast communication systems, allows quick deposits and withdrawals, and provides multiple account types.

Between 74-89 % of retail investor accounts lose money when trading CFDs. 

Pepperstone allows clients to choose from leading platforms like MetaTrader 4, MetaTrader 5, and cTrader. Leading authorities like ASIC, CySEC, FCA, SCB, DFSA, BaFin, and CMA regulate Pepperstone. They provide standard and razor accounts with varying commissions and rollovers. Pepperstone offers trading instruments like Forex, Crypto, Shares, and Commodities.

The managed forex account platform provides access to their account manager via mobile apps, including advanced forex signals, charting and drawing tools for better analysis of financial markets, and other features like a forex calendar. They offer a web platform and other instruments like MT4, MT5, cTrader, and Duplitrade.

Low FeesSupport services are available only five days a week
Offers multiple platforms like MetaTrader and cTraderFewer passive trading opportunities
Wide selection of tradeable markets
Thousands of trading instruments
Pepperstone Home

PFI Rating: 4.7/5

4. FxMAC

FxMAC is a company that has provided one of the best-managed forex account services globally since 2012. Its dedicated account management platform provides opportunities for new traders who need to learn more about financial markets. They give individual accounts portfolio managers or money managers, specialize in forex-managed accounts, investments, managed accounts, and forex trading, and only work with regulated forex brokers.

The service provides easy account management but charges 35% performance fees. The platform is not regulated by the PRA and the FCA and operates in several countries. The company offers clients the choice to work with select brokers while signing a forex account management agreement, giving brokers the authority to trade forex or any other commodity while utilizing their investment.

You will be charged a management fee, depending on your account type. Minimum deposits start from $5000 and are feasible for investors looking for long-term investments.

Traders require no active monitoringLittle transparency about the Devs and Team
Verified MyFxbook accountsScarce information about broker partners
Long-term investment option
FxMAC Home
Alpari Logo

PFI Rating: 4.7/5

5. Alpari

Co-founded in 1998 in Russia, Alpari international provides trading services across 150 countries to more than a million clients. Alpari offers CFDs on Forex, Crypto, Stocks, and Metals. Alpari is one of the oldest MetaTrader brokers and an early platform to adopt social copy trading, allowing investors to make better trading decisions.

The Financial Services Commission of Mauritius regulates Alpari. They provide managed PAMM forex accounts to facilitate clients to benefit better and are compatible with MT4 and MT5 platforms.

A mobile app is also available to manage your PAMM (percent allocation management module) account on the go. Alpari supports its clients by providing trading features like API trading, advanced financial charting, multi-lingual support, and an easy-to-use trading exchange. A minimum deposit of $5 via a bank transfer, credit cards, and several online payment systems.

Alpari charges a commission based on trading type, financial asset, and trading account experience when you withdraw funds and commission fees. Overnight and inactivity fees are charged but vary.

$1 minimum depositLacks advanced trading and charting tools
Some Commission-Free tradesOccasional delays with fund withdrawals
Supports ECN
Alpari homepage
Admiral Markets Logo

PFI Rating: 4.7/5

6. Admirals

A global CFD and forex broker founded in 2001, Admirals is an Estonia-based trading platform regulated by authorities like the FCA and ASIC. They offer free and fast deposits and withdrawals and provide multiple options to deposit via bank transfer, electronic wallets, and credit/debit cards.

They offer ETFs, Forex, and Cryptocurrencies, Commodities, and Bonds to clients. They charge a low trading fee, charge an inactivity fee, and require a minimum deposit of $100. Admirals offer excellent educational content and support for platforms like MetaTrader4 and other similar platforms. The company uses reliable signals obtained from premium analytics.

Low CFD feeCustomer support available only during working hours
Simple account opening processCFD Only
Fast withdrawals and depositsInactivity Fees
Admirals Home

Compare Managed Forex Accounts

I compared the best Forex managed accounts below, to make it easier to understand how they stack up.

eToro AvaTrade Pepperstone FxMAC Alpari Admirals
Our Score 4.9 4.9 4.9 4.7 4.9 4.8
Founded 2007 2006 2010 2012 1998 2001
Regulation FCA, CySEC, ASIC, FSAS FCA, ASIC, FSCA, FRSA, Israel Securities Authority, Financial Services Agency, Financial Futures Association of Japan ASIC, CySEC, FCA, SCB, DFSA, BaFin, CMA N/A (work only with regulate d brokers) Financial Services Commission of Mauritius MiFID, FCA, Estonian Financial Supervision Authority
Headquarters Tel Aviv, Israel Dublin, Ireland Melbourne, Australia London, Greater London KIngstown, Saint Vincent and Grenadines Estonia
US Clients Allowed Yes Yes No Yes No Yes
Available Outside US Yes Yes Yes Yes Yes Yes
Minimum Deposit $10 $100 $200 $5000 $5 $100
Deposit Methods PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking - Trustly, POLi Bank transfers, Credit/Debit cards, and major e-wallet payments are accepted Bank transfers, Credit/Debit cards, and major e-wallet payments are accepted Credit/Debit cards, bank transfers, PayPal, Skrill, etc.  Credit/Debit cards, bank transfers, PayPal, Skrill, etc.  Bank transfers, credit card, PayPal, Skrill, Neteller

Features Compared

Below I compared the main features of Forex Managed Accounts listed.

eToro Alpari Pepperstone FxMAC Admirals AvaTrade
Demo Account Yes Yes Yes No Yes Yes
Islamic Account Yes Yes Yes No Yes Yes
Margin Yes Yes Yes Yes Yes Yes
Copy Trading Yes Yes Yes No Yes Yes
Trading Signals Yes Yes Yes Yes Yes Yes

Platforms Compared

When it comes to trading platforms, this is how these Managed Forex Accounts Compare.

eToro Alpari Pepperstone FxMAC Admirals AvaTrade
Demo Account Yes Yes Yes No Yes Yes
Islamic Account Yes Yes Yes No Yes Yes
Margin Yes Yes Yes Yes Yes Yes
Copy Trading Yes Yes Yes No Yes Yes
Trading Signals Yes Yes Yes Yes Yes Yes

Customer Support Compared

Good customer service is essential when working with a broker. Find the table below on how these forex managed account platforms compare.

eToro Alpari Pepperstone FXMAC Admirals AvaTrade
E-mail Yes Yes Yes Yes Yes Yes
Phone support Yes Yes Yes No Yes Yes
Live Chat No Yes No No No Yes

Trading Fees Compared

eToro Alpari Pepperstone FxMAC Admirals AvaTrade
Inactivity Fee $10/month $5 No No $10 per month $50/month After 3 Months
Forex Spread Varies $0.04 0% $3 per lot traded + spread cost 0%
ETFs 0% Varies Varies Varies $0.02 0%
Stocks Spread on CFD (0% on Selected Real Stocks) Varies 0% Varies $0.02 per share 0%
Crypto Varies $15 per lot Varies Varies Varies 0%
Withdrawl Fee $5 3% of the Withdrawl amount 3% of the transaction amount $25 in US and $40 other than USA $0 $0
Deposit Fee $0 $0 $0 $0 $0 $0
Annual Fee No No No No No No


When I compared Forex Managed Accounts, I found that eToro, AvaTrade, or Pepperstone are the best choices.

A managed forex trading account can provide the right opportunities for trading forex, cryptocurrency, and several other trading instruments while keeping it all low-risk.

When looking for the best forex-managed account, remember to review their past performance, performance fee, annual fees, and trade-based regulations to make an informed decision.


What is a Managed Forex Account Performance fee?

Performance fees are a way managed forex companies make money. The fee varies with each company and ranges between 20 to 50%.

What is a pooled account?

Pooled accounts are similar to mutual funds, where the money manager controls the money contributed by different investors.

What is a Management Fee?

Management fees differ from the performance fee and are typically charged once when the client opens an account with the service.

Does the Forex Manager have access to the available funds?

The trader has no access to the funds as the money is in your name. Only the account holder can deposit, withdraw, or close their investor accounts.

What is Limited Power of Attorney?

This attorney agreement allows the trader to operate the account and perform actions like trading in the foreign exchange market and taking performance fees. The agreement doesn't allow them to withdraw funds or perform any other administrative function.

About the author

Ziga Breznik is the owner and head of research at – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.