How To Invest In Forex Without Trading In France

Best managed Forex accounts in France 2024

It is natural to get excited when you realize you can trade and profit from Forex trading without making much input. A managed Forex account eases traders with the tasks and complexities that may have made them think Forex trading could interfere with their other endeavors. But while you prepare to grab this less stressful method of earning from the Forex market, ensure you sign up with the best-managed Forex accounts in France if you will not be managing your Forex account yourself.

This is because a minor error in judgment regarding brokers and managed Forex accounts in France could result in losses. Therefore, starting with the fundamentals—doing research and learning about Forex investments in France and top Forex brokers offering managed Forex accounts—is a good way to start.

Below are the best-managed Forex accounts in France based on the Forex brokers.

RoboForex copy trading

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.

eToro Copy Trading

eToro Review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

eToro is among the Forex brokers with the best Forex trading account that allows you to trade with the strategies you copy from another trader (copy trading). Copy-trading services are a specialty of the social trading brokerage eToro. This and other outstanding attributes make eToro a top contender for the best Forex trading accounts.

IC Markets PAMM account

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.

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. This platform does have some downsides, including its lack of availability in the United Kingdom.

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 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.

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.

How much can I earn?

A trader's profit depends on several factors, including the type of account, the manager's experience, and potential management fees. A good manager can make between 30% and 50% a month, but not all Forex trading can ensure such a profit. To earn more frequently, however, you must understand that you must select the best-managed Forex accounts in France.

Another top factor that could impact your income is the size of your Forex investment in France. As a result, your earning potential grows along with your investment. Who determines the investment amount is one of the queries traders have when choosing a managed Forex account.

The investor or account holder typically chooses the capital allocation for a managed Forex account. The fund manager or the person in charge of the account must first be consulted to ensure mutual understanding. The investor chooses the amount of capital they wish to place in the managed account, and this serves as the foundation for the trading operations carried out on their behalf.

The amount chosen by the investor and account manager may change based on the investor's risk tolerance, investment goals, and available funds. It may be a certain amount of money or a portion of their entire investment portfolio. Utilizing cutting-edge trading and risk management techniques, the fund manager, who has experience and expertise in trading, expands the account and makes money.

Therefore, your chances of making money from Forex trading depend on how much you risk and the manager you select when you choose a managed Forex account in France. It is also crucial to abide by French tax laws when trading currencies. Profits and losses from Forex trading are taxable, so traders should speak with a tax expert to know their tax responsibilities.

What are typical minimum investments?

The minimum investment amount on various managed Forex accounts in France is probably going to range between $100 and $500. Notably, the minimum investments will vary according to the broker you are competing with for their Forex-managed accounts. Even novice traders may be able to execute trades with some brokers' lower minimum deposits, which could range from $25 to $100. So plan on making a minimum investment that is either lower or higher than the sum that was given above.