How to Invest in Forex Without Trading In Spain

Best managed Forex accounts in Spain 2024

Navigating the complexities of the market can be a daunting task. That's why we've meticulously curated the best-managed Forex accounts in Spain for 2024. Join us as we examine five carefully chosen trading platforms that can make your investment journey in Spain rewarding and stress-free. These platforms offer expert management, transparency, and the potential for significant returns.

RoboForex CopyFx

RoboForex Review

Open an account

Your capital is at risk.

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

Open an account

Your capital is at risk.

Tickmill is a platform that offers various analytical instruments for Forex trading and copy trading. It partners with MyFxBook to provide copy trading services, and users need accounts on both platforms. Tickmill has a high entry threshold for copy trading, with a minimum investment of $1,000. The platform is licensed by respected regulators such as FCA, CySec, and FSCA, ensuring safety and regulation.

IC Markets PAMM

IC Markets Review

Open an account

Your capital is at risk.
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. Read also IC Markets reviews from clients in Spain.

FxPro PAMM account

FxPro Review

Open an account

Your capital is at risk.

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.

XM Group Copy Trading

XM Group Review

Open an account

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted more than 5 million traders, offering unique technological solutions.

The main passive income option on the broker’s platform is the copy trading service on the MT4 and MT5 platforms.

What are Forex Managed Accounts and what types are there?

Managed accounts services are excellent for passive investing with the leading Forex brokers of 2024. 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.

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.

Are Forex Investments legit in Spain?

Forex investments are indeed legitimate and entirely legal in Spain. The Forex market in Spain is regulated by the Comisión Nacional del Mercado de Valores (CNMV), which translates to the National Securities Market Commission. This regulatory body oversees and ensures the proper functioning of the financial markets, including Forex trading, within the country.

The rules and regulations set forth by the CNMV are designed to protect investors and maintain the integrity of the financial system. They include requirements for brokers and trading platforms to be registered and licensed by the CNMV to operate within Spain. Additionally, brokers are obligated to adhere to strict guidelines regarding client fund segregation, reporting, and risk disclosure.

Importantly, it is not illegal for individuals in Spain to work with brokers that are regulated abroad and accept clients from Spain. Many reputable international brokers offer their services to Spanish investors, provided they comply with the applicable regulatory standards in their home country.

This flexibility allows Spanish investors to access a broader range of trading options and benefit from the expertise and services of well-regulated foreign brokers while still operating within the bounds of Spanish law. As such, forex investments remain a legitimate and accessible avenue for financial growth in Spain.

How much can I earn?

The potential earnings in Forex managed accounts can vary significantly and depend on several factors. These include the type of account you choose, the skill and strategies employed by the manager, and potential management fees. While a skilled manager can generate returns of 30-50% per month in some cases, it's essential to note that there are no guarantees in trading. The Forex market carries inherent risks, and both profits and losses can occur. Diversifying your investments and conducting thorough research are prudent steps to manage expectations and enhance your chances of success.

What are typical minimum investments?

Typically, the minimum investment amounts for Forex managed accounts fall within the range of $100 to $500. These minimums may vary depending on the specific trading platform or broker you choose to work with. It's important to note that while these are common minimums, some providers may require higher initial investments. However, this accessibility makes forex managed accounts an attractive option for investors with varying budget sizes, allowing them to participate in the Forex market without the need for substantial capital. Always check with your chosen broker or platform for their specific minimum investment requirements.