How to Invest in Forex Without Trading in Germany

Best managed Forex accounts in Germany 2024

Managed Forex accounts in Germany refer to accounts offered by a Forex broker that do not require the owner to create trading strategies. Trading currency pairs is typically the motivation behind opening a trading account, but with a managed Forex account, you won't be in charge of developing trading strategies or placing trades. Instead, a seasoned money manager will trade on your behalf in exchange for a fee.

In a nutshell, a managed Forex account in Germany is the only way to avoid the challenges of managing a Forex trading account. And it comes in handy for Forex newcomers. Potential owners only have to register and fund the account; professionals oversee or supply the profitable trading methods.

The best investment platforms in Germany offer a top-managed Forex account. Below are the top five Forex-managed accounts in Germany.

RoboForex Copy Trading

RoboForex Review

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RoboForex, or CopyFX is a top managed forex account provider and copy trading broker. This platform offers top-notch copy trading, low minimum investments, thousands of participants that are part of the community, and lots of different funds allocation tools. The main advantages of RoboForex include great educational tools and relatively low fees. This platform does have some downsides, including a lack of 24/7 customer support.

Tickmill Copy Trading

Tickmill Review

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Tickmill is a top managed forex account provider and broker. This platform offers forex and CFD trading, great regulatory practices, low fees for trading forex, and free deposits and withdrawals. The main advantages of Tickmill include its MT4 compatibility, easy account opening processes, and low trading fees. This platform does have some downsides, including an outdated trading platform.

IC Markets PAMM account

IC Markets Review

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Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Markets is a top managed forex account provider and broker. This platform offers access to PAMM and MAM accounts, very flexible allocation capabilities, real-time reporting, and full transparency when it comes to performance and commissions. The main advantages of IC Markets include raw pricing connectivity, great liquidity, great leverage, fast order execution, and reliable service. This platform does have some downsides, including a limited product offering and a lack of investor protection for those outside of the European Union.

FxPro PAMM account

FxPro Review

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FxPro is a top managed forex account provider and broker. This platform offers excellent accounts for money managers, PAMM and LAMM accounts, great balance, and great flexibility. The main advantages of FxPro include an excellent level of control for money managers, the ability to set one’s own fees, and the ability to earn rebates directly from FxPro. This platform does have some downsides, including its lack of availability in the United Kingdom.

Pocket Option Copy Trading

Pocket Option Review

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Founded in 2017, Pocket Option is largely considered the best binary options trading platform. This broker is based in the Marshall Islands and offers over 100 assets, including Forex, stocks, commodities, cryptocurrencies, and indices. The company has a good reputation and is considered safe. Pocket Option offers a demo account, easy deposits and withdrawals, comprehensive educational resources, trading signals, and technical indicators. This platform offers a demo account, a maximum payout: of 95%, a minimum trade of $1, Pocket Option minimum deposit of $10, and assets such as stocks, Forex, commodities, cryptocurrency, and ETFs.

What are managed Forex accounts?

Managed accounts services are excellent for passive investing with the leading forex brokers of 2023. Essentially, a managed forex account is a type of currency trading account that a professional trader or money management team will use to make trades on your behalf. Such accounts charge a fee for this service, but that fee is often quite negligible and can definitely be worth it.

A managed forex account can take the burden of day trading off the plate of passive investors and less active traders as such accounts provide access to different markets and assets beyond stocks and bonds. Nevertheless, any trading account should be considered high risk as the objective is usually to better optimize investment capital and take advantage of more frequent opportunities to make money in the markets. This is where utilizing the benefit of a more experienced trader or trading team to work on your behalf can pay off.

Because there is a large amount of online free and paid information about learning how to trade and do it yourself, most traders do not consider workable alternatives. They also frequently fail to assess the degree of difficulty and time commitment required to learn how to trade themselves. By using a managed forex account investors can continue to receive revenue from their company while their money is working for them generating extra income. Think of it like owning a boat. How many ex-boat owners can you find that will recommend it as a good idea? Maybe renting a boat would work fine.

What types of managed accounts are offered by brokers?

The main types of managed forex accounts that are offered by brokers include forex copy trading, PAMM accounts, MAM accounts, advisory services, managed portfolios, and some other rarer types of accounts. It is worth noting that some of these “types” of managed accounts are technically not managed accounts at all, but are very closely related, as they utilize the expertise of more experienced market participants.

Forex Copy Trading

Copy trading can be a part of a managed forex account, but it is a concept all of its own. Copy trading is simply the process of finding an expert trader with high profits and mimicking each and every one of their trading movements. Many traders will monitor major exchange networks and follow famous traders in order to make the best possible trading choices. Some platforms even automate this process, like eToro. You might be able to request that the manager of your managed account uses copy trading.

PAMM/MAM Accounts

PAMM, or Percent Allocation Management Module, is an account management system that uses ratios to determine volume and returns. The activity of the account owner, such as trades, profits, and losses, is split between managed portfolios using the PAMM ratio.

MAM simply refers to Multi-Account Manager accounts. These accounts make it possible for a money manager to assign different ratios of leverage to different subaccounts, if the investor prefers. This makes managed accounts owners who have a high-risk tolerance gain better opportunities to invest.

Advisory services

Advisory services can be a part of a managed forex account, but such services are very different from simply having an account. With a basic managed forex account, you can briefly consult with your money manager and leave the entirety of trading to them. With advisory services, you’ll be able to meet with a financial advisor. That financial advisor will provide holistic portfolio recommendations to help you build your wealth. Such advisors with offer consultations that detail strategies, best practices, and market recommendations. When you open a managed account, you might be able to receive advisory services for free.

Managed Portfolio

A managed portfolio is an investment portfolio that a professional forex trader or financial expert will make investments through on behalf of a client. Managed portfolios are pretty much synonymous with managed accounts, though it is worth noting that managed portfolios tend to include a diverse range of investments that go beyond just forex trading. Typically, a client will pay a financial advisor a flat fee or monthly fee to manage their account and make trading choices, though this fee will be based on the size of the portfolio itself.

Generally, a 1% to 2% annual fee applies.The manager will usually take a portfolio allocation approach with a focus on more traditional assets, such as stocks, bonds, ETFs, and mutual funds.

Other Services

Managed forex accounts can include individual accounts, which are solo accounts based on an individual client’s financial goals and requests. Such accounts typically require a minimum deposit of around $10,000 to get started. Pooled accounts are also quite popular among newbie investors. Pooled accounts deal with a number of different investors in one single account. A client can open an account that is managed by one investor, who oversees the trading decisions of the entire account. Usually, the minimum deposit for such an account is a lot lower at about $1,000 to $2,000 to get started.

You might be interested in reading about the best funded trader programs in Germany in the TU article.

How much can I earn?

A successful Forex-managed account manager can earn 30-50% per month. During a poor market run, they can make between 5% and 15% per month. However, an account manager will likely make more or less than the mentioned rates. It is important to understand that losses are also possible, since high returns in the past do not guarantee future profits.

The potential profit from Forex trading depends on different variables, specifically if you trade with a managed Forex account in Germany. Below are some of the factors that can impact how much you can earn trading with a managed Forex account:

Another factor that impacts how much you can earn trading with a managed Forex account is management fees. The management costs also include broker commissions and account management fees.

What are typical minimum investments?

Every type of account in the Forex market has a standard minimum investment requirement, including managed Forex accounts in Germany. A typical minimum investment is the amount brokers require from each prospective investor. It represents the smallest dollar or share amount a potential investor can invest.

Each Forex broker offering a managed Forex account in Germany has a minimum investment. While there is no limit to the maximum you can invest, each broker has a minimum investment for their managed Forex accounts in Germany. The minimum investment amount is usually between $100 and $500, but you are advised to invest the amount you are willing to give up.

For example, on accounts like RoboForex copy trading, Tickmill copy trading, and the IC Markets PAMM account, you can invest from 100 USD and above. The minimum investment of some Forex brokers might be lower than the rate above, so research your broker's minimum investment.