Best Managed Trading Accounts in 2024

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Written By
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Written By
Royston Wild
Royston is an experienced investor and writer. His expertise includes stock recommendations through to commodities, forex, and macroeconomic news. Royston's background includes roles as a stocks and commodities reporter, and editor of forex coverage at Shares Magazine.
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Edited By
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Edited By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
Updated

Managed trading accounts are investment vehicles that are typically overseen by experienced traders. These individuals will monitor the portfolio’s performance, and buy and sell assets on your behalf. Managed accounts are best if you want a hands-off approach to trading.

In this guide, we share our pick of the best managed trading accounts and explain the key things to consider when deciding which broker to use.

Best Brokers With Managed Accounts

These 10 brokers offer managed trading accounts and received the highest overall ratings in our in-depth reviews. All 10 managed trading account brokers are available .

Click a broker for details
  1. 1
    eToro USA
    Invest $100 and get $10
    Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

    Ratings
    4.3 / 5
    3 / 5
    3.9 / 5
    3.4 / 5
    4 / 5
    3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5

    $100
    $10
    SEC, FINRA
    Stocks, Options, ETFs, Crypto
    eToro Trading Platform & CopyTrader
    ACH Transfer, Debit Card, PayPal, Wire Transfer
    USD
  2. 2
    Pocket Option
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel
    USD
  3. 3
    IQCent
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5

    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
  4. 4
    Videforex
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3 / 5
    3.5 / 5
    3.3 / 5
    3.5 / 5
    4.5 / 5
    1.3 / 5
    1.3 / 5
    4.1 / 5
    4.4 / 5

    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  5. 5
    xChief
    $100 No Deposit Bonus

    Ratings
    4 / 5
    3.8 / 5
    3.7 / 5
    3 / 5
    4.3 / 5
    3.5 / 5
    3.5 / 5
    3.3 / 5
    0 / 5
    0 / 5

    $10
    0.01 Lots
    1:1000
    ASIC
    CFDs, Forex, Metals, Commodities, Stocks, Indices
    MT4, MT5
    Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, Volet
    USD, EUR, GBP, JPY, CHF
  6. 6
    InstaTrade

    Ratings
    2.5 / 5
    3 / 5
    3 / 5
    3 / 5
    3.5 / 5
    3.5 / 5
    3.5 / 5
    3.3 / 5
    4.8 / 5
    4.4 / 5

    $1
    0.01
    1:1000
    BVI FSC
    FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures
    InstaTrade Gear, MT4
    Visa, Mastercard, Wire Transfer, Credit Card, Debit Card, Bitcoin Payments, Ethereum Payments
    USD, EUR, RUB
  7. 7
    Pionex

    Ratings
    2.5 / 5
    3 / 5
    3 / 5
    3 / 5
    3 / 5
    3 / 5
    1.3 / 5
    3 / 5
    0 / 5
    0 / 5

    $0
    0.1 USDT
    FinCEN
    Cryptos
    Own
    Bitcoin Payments
  8. 8
    BinaryCent
    20% - 200% deposit bonus

    Ratings
    2.8 / 5
    2.8 / 5
    3 / 5
    2.5 / 5
    3 / 5
    3 / 5
    1 / 5
    2 / 5
    3 / 5
    3 / 5

    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD
  9. 9
    World Forex
    100% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    3.5 / 5
    3.3 / 5
    2.5 / 5
    2.8 / 5
    1.3 / 5
    1.3 / 5

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB
  10. 10
    RaceOption
    20% - 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    3 / 5
    4 / 5
    0.8 / 5
    0.8 / 5
    4 / 5
    3.8 / 5

    $250
    $0.01
    1:500
    Binary Options, CFDs
    TradingView
    Credit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum Payments
    USD, EUR, GBP, AUD, RUB

Here is a short summary of why we think each broker belongs in this top list:

  1. eToro USA - You can mirror the positions and strategies of up to 100 other traders with the market-leading eToro US copy trading service. Unlike many competitors, eToro gives you more control over your portfolio, allowing you to stop or pause a copied trade at any time. Pricing is also fairly competitive, with only $1 required to copy a position. eToro copy trading is for crypto only.
  2. Pocket Option - Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days.
  3. IQCent - A copy trading service is pre-integrated into the broker’s web platform, where you can follow and replicate the trades of up to 10 established investors. Where it shines is its ease of use - you simply decide how much you want to invest and hit 'copy'. On the downside, the pool of master traders is narrow and you get limited data on past performance, making it less reliable.
  4. Videforex - Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
  5. xChief - Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions. You can start copy trading in a few easy steps.
  6. InstaTrade - InstaTrade offers hands-off trading through its Fixed Income Structured Product, where clients automatically replicate the positions of active traders. What’s distinctive is InstaTrade’s offer to ensure clients make a 50% return by compensating any shortfall if other users are referred.
  7. Pionex - Pionex clients can find other successful investors and copy their trading bot setups. This allows users to buy and sell cryptos 24/7 from a user-friendly platform and app.
  8. BinaryCent - The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
  9. World Forex - Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution.
  10. RaceOption - Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard. You can start copy trading in three fast steps and follow multiple traders simultaneously.

Best Managed Trading Accounts in 2024 Comparison

Best Managed Trading Accounts in 2024 Comparison
Broker Copy Trading MAM Account PAMM Account Minimum Deposit
eToro USA logo
$100
Pocket Option logo
$50
IQCent logo
$250
Videforex logo
$250
xChief logo
$10
InstaTrade logo
$1
Pionex logo
$0
BinaryCent logo
$250
World Forex logo
$1
RaceOption logo
$250

eToro USA

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."

Jemma Grist, Reviewer

eToro USA Quick Facts

Bonus OfferInvest $100 and get $10
Demo AccountYes
InstrumentsStocks, Options, ETFs, Crypto
RegulatorSEC, FINRA
PlatformseToro Trading Platform & CopyTrader
Minimum Deposit$100
Minimum Trade$10
Account CurrenciesUSD

Pros

  • The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
  • The low minimum deposit and straightforward account opening process means beginners can get started quickly
  • The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors

Cons

  • There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
  • The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
  • There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
RegulatorMISA
PlatformsWeb, MT4, MT5
Minimum Deposit$50
Minimum Trade$1
Account CurrenciesUSD

Pros

  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • Extremely fast and smooth sign-up process that takes less than 2 minutes

Cons

  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • The MISA is a weak regulator with limited investor protection for retail traders
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
RegulatorIFMRRC
PlatformsOnline Platform, TradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR

Pros

  • Keen traders can take part in trading contests with cash prizes
  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders

Cons

  • There's no automated trading support for algo traders
  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks
  • The broker is not overseen by a respected regulator, though this is common among binary options firms

Videforex

"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
PlatformsTradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
  • Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
  • Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.

Cons

  • The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
  • The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
  • Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.

xChief

"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."

William Berg, Reviewer

xChief Quick Facts

Bonus Offer$100 No Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Metals, Commodities, Stocks, Indices
RegulatorASIC
PlatformsMT4, MT5
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, JPY, CHF

Pros

  • xChief delivers a high-quality day trading environment via the MT4 and MT5 platforms, with market-leading charts, indicators and tools
  • The broker offers a turnover rebate scheme geared towards active investors, as well as trading credits and several other occasional bonuses
  • The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library

Cons

  • Fees and minimums are imposed on most withdrawal methods, including a €60 minimum for SWIFT bank transfers
  • xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
  • The total range of 150+ assets is much lower than most competitors who typically offer hundreds

InstaTrade

"Although InstaTrade offers active trading on a comprehensive platform, it stands out with its fairly unique Fixed Income Structured Product (FISP), providing passive investment opportunities with up to 50% returns in 6 months if conditions are met. "

Christian Harris, Reviewer

InstaTrade Quick Facts

Demo AccountYes
InstrumentsFISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures
RegulatorBVI FSC
PlatformsInstaTrade Gear, MT4
Minimum Deposit$1
Minimum Trade0.01
Leverage1:1000
Account CurrenciesUSD, EUR, RUB

Pros

  • InstaTrade delivers an excellent suite of charting tools for day traders with its web trader comprising 250+ indicators, 11 chart types and a user-friendly design.
  • Despite an average investment offering of around 300 assets, InstaTrade offers a particularly strong suite of currency pairs, catering to advanced traders seeking opportunities in volatile exotics.
  • VPS hosting caters to algo trading strategies with a dedicated physical server providing rapid execution speeds as low as 9 milliseconds.

Cons

  • Profits are only guaranteed in the FISP if investors do not reach the 50% profit level and attract other users with a total sum of $4 for each dollar in compensation.
  • Marketing of the FISP, especially phrasing around the “guarantee of profitability” and the “elimination of risks of trading on financial markets” raises concerns.
  • InstaTrade sports one of the most cluttered websites and client cabinets in the industry, potentially overwhelming new traders, especially compared to XTB’s intuitive trading journey and resources.

Pionex

"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading."

William Berg, Reviewer

Pionex Quick Facts

Demo AccountNo
InstrumentsCryptos
RegulatorFinCEN
PlatformsOwn
Minimum Deposit$0
Minimum Trade0.1 USDT

Pros

  • 12 free integrated trading bots with no coding or programming requirements
  • Low trading fees compared with other major exchanges at 0.05% maker and taker
  • Excellent and innovative liquidity engines aggregated from Binance and Huobi

Cons

  • Does not accept fiat deposits
  • No demo account
  • Weak regulatory oversight raises safety concerns

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
RegulatorVFSC
PlatformsOwn
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD

Pros

  • Accepts a wide range of funding methods, including cryptos and e-wallets
  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets
  • Copy trading and binary options bots are useful for beginner traders

Cons

  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • Not available to traders based in the US

World Forex

"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
Demo AccountYes
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
RegulatorSVGFSA
PlatformsMT4, MT5
Minimum Deposit$1
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, RUB

Pros

  • A wide range of assets to trade, including via digital contracts
  • Several different account types with varied pricing structures
  • Swap-free account available

Cons

  • No negative balance protection
  • Withdrawal fees apply
  • Weak regulation

RaceOption

"RaceOption will appeal to investors looking for a feature-rich binary options trading experience with regular contests, account-based perks, and copy trading. The catch is its unregulated status, with little to zero investor protections available based on our investigations."

William Berg, Reviewer

RaceOption Quick Facts

Bonus Offer20% - 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs
PlatformsTradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • RaceOption is in the less than 1% of brokers that offers video chat, available 24/7 in multiple languages, although the knowledge of agents about trading and regulatory issues needs improvement from our direct experience.
  • Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives based on our evaluations, and increasing potential returns, while the first 3 trades are risk-free in Silver and Gold accounts.
  • RaceOption makes account funding a breeze with fee-free and near-instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour.

Cons

  • RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues.
  • While still affordable for many retail investors, the $250 minimum deposit raises the entry barrier, especially compared to Deriv and World Forex who are designed for budget traders.
  • RaceOption is one of the only brokers not to offer a demo account, which when considered alongside the absence of education, makes this broker a poor choice for beginners.

What Are Managed Trading Accounts?

Managed trading accounts are portfolios that are owned by an individual but managed by a third party.

You give control – usually to a money manager – to trade assets such as forex without your prior approval. They should make decisions based on your risk appetite, personal wealth and financial goals.

Managers are usually compensated by a fee, often calculated as a percentage of assets under management (AUM). Alternatively, you may pay a routine subscription fee, for example monthly, and/or a percentage of any profits.

Importantly, they require you to take a leap of faith and put your trust (and money) in the lap of an external party. This can be uncomfortable for many individuals.

Managed account brokers should provide you with regular reports on your account, including a list of its holdings and its performance.

author image
Royston Wild
Author

Types Of Managed Trading Accounts

These trading vehicles fall into several categories:

Analysts at Statista expect assets under management (AUMs) in the robo advisor market to continue growing steadily, as the chart below shows.

Graph showing expected growth of managed account robo advisors
Source: Statista

How To Compare Managed Trading Accounts

You have plenty of choice when it comes to deciding which managed account provider to go with. However, there are multiple factors we, and you, should consider:

Trading Performance

Reputable managed account brokers supply a wide range of information on who makes trading decisions, their philosophy, and other elements that influence their decision-making.

You should choose a company that provides comprehensive reports showing the historical performance of the accounts they supervise.

Total return, risk-adjusted return, volatility, and performance against key benchmarks are critical criteria that you should pore over carefully.

💡
Tip: Examining a manager’s record over a longer period provides a more reliable indication of their ability to navigate changing market conditions.

Capital Requirements

Managed account providers typically demand that you meet minimum investment amounts. The exact value differs from brokerage to brokerage, although they can be high (sometimes running into six-figure amounts).

At Charles Schwab, for example, a managed account based on equities trading has a minimum investment requirement of $100,000. For fixed income securities the amount rises to $250,000.

However, if you want a more accessible option, IG Smart Portfolios are available with a $500 minimum investment.

Commission and Fee Structure

Employing the expertise of a market professional involves taking on extra cost. In fact, the expense of using a managed account can be high.

Fees may be applied on an annual basis and charged as a percentage of total assets under administration (AUMs). These can vary considerably amongst account providers, but most charge between 1% and 3% of AUM.

Alternatively, some providers charge a monthly subscription fee and a cut of any profits, known as a performance fee.

That said, eToro is popular because it does not charge any additional fees to copy trades beyond the usual spreads and transaction fees. The downside is that the expertise and performance of master traders can vary dramatically.

Importantly, large fees can significantly erode investment returns. Keeping costs to a minimum is essential, although you may be willing to accept higher expenses if you expect to make a better return with a specific provider, for example.

Robo advisors tend to charge lower fees than account providers that employ money managers. I think these can be a good option for traders operating on a low budget.

author image
Royston Wild
Author

Customer Support

The extra fees that you often pay for managed accounts should (in theory) guarantee a good level of customer service. You will want to be able to contact your provider quickly and easily, and to receive regular updates on your holdings and the performance of your portfolio.

You can consult user feedback on review websites like Trustpilot to assess the quality of a provider’s customer support.

Alternatively, we test the customer support of managed account brokers as part of our review process, with IG standing out for its 24/7 reliable assistance.

Technology and User Interface

Some money managers operate sophisticated in-house trading platforms, while others outsource their non-core functions to third-party providers like Fidelity.

It is important to select an account provider which has stable online technology and offers a user-friendly interface. After all, if you cannot understand any of the reports or information provided to you, how can you tell how close you are to meeting your financial goals?

FxPro offers a MAM account through the industry’s most popular platform – MetaTrader 4, so if you are already familiar with this forex trading software you can skip a steep learning curve.

I also recommend that you check that the managed account provider you are planning to use is recognized and approved by your local regulator.

In the UK, for example, clients can ascertain an account provider’s regulatory status through the Financial Conduct Authority (FCA).

author image
Royston Wild
Author

Bottom Line

Managed trading accounts can be extremely useful if you have little time or energy to build and supervise your portfolio. They can also provide tax benefits, and allow you to benefit from the expertise of a professional.

However, these accounts may require high investment amounts and can attract elevated fees (though cheaper options are often provided by robo advisors).

When comparing brokers with managed trading accounts, it is important to consider customer support, interfaces and fees. It is also critical to evaluate the skill of the investment manager by considering past trading performance.

FAQ

What Is A Managed Trading Account?

A managed trading account is a financial product where a human (or automated) advisor is delegated day-to-day management of your portfolio.

This third party should execute transactions based on your risk tolerance, financial goals and economic circumstances, and closely monitor the portfolio’s performance.

What Is The Difference Between A Managed And Unmanaged Trading Account?

Managed trading accounts provide a hands-off approach to trading. You give control to a manager who will buy or sell securities and assets on your behalf.

Conversely, unmanaged accounts require you to take action and make trading decisions.

Are Managed Trading Accounts Worth The Fees?

Managed trading accounts may be worth it if you do not want to actively trade and have the capital to meet the sometimes large minimum investment requirements.

However, these accounts do not necessarily beat the market and returns can be below average due to the fees incurred.