There are some very important factors that you must know if you want to successfully invest into a managed account.
The reality is that no forex trading strategy will work, unless you can find an honest broker. This is the hardest part of trading and much more of a challenge than the actual trading system itself.
For any new traders out there it is useful to know that there are two types of brokers. Dealing desk (DD) or ECN/STP. An ECN/STP broker will not interfere with your trades as they make their money on commission on every trade that is taken win or lose.
STP = Straight through processing. What this means is that your trading order will be placed straight through to the liquidity pool provider rather than being placed through a dealing desk.
A Dealing Desk will be aware of where you have placed your stops as they can see this on their systems and therefore they can trade against your positions or run your stops (Sometimes called stop gunning) and the more you win, the more you are red flagged!
So when you join any accountforex managed program you want to make sure the trade team trades the managed account through a true ECN/STP forex broker.
How do you choose a good Managed Account Provider?
Well a quick google search and you will find literally hundreds of them and over the years I have tested many. The only one that I can personally recommend is www.forexmanaged.co.uk. I have invested with them since 2009 and they have delivered some truly excellent results. In fact over 70% per year for me pretty much every year, so no complaints from me!
The managed account to go for is called Premium FX, this is the one that I am with and can recommend. They will give you a read only access to view all the live trades as they happen and the account is still in your name and controlled by you, so from a security point of view it is excellent.