Diamond Managed FX Forex Broker

General Information Diamond Managed FX claims that it is an asset management company offering managed forex accounts service to its clients. Diamond Managed FX is not subject to any valid regulation. please be aware of the risk. Market Instruments Diamond Managed FX allegedly provides managed forex account services. A managed account is an investment account that is owned by an individual investor and looked after by a hired professional money manager or by a group of managers. The managers get authorization from the investor to trade his or her investment in the foreign exchange market in order to gain profits. The managers do not have access to the invested capital, they cannot withdraw money from it, they only get paid a performance fee. Performance Fee Charged Diamond Managed FX charges a 50% performance fee on new profits, which seems to be quite high. A monthly performace fee will be applied to new profits on your account and be deducted every first workday after the profitable month automatically by the broker as contracted. Minimum Deposit The minimum deposit to invest with Diamond Managed FX is $1,000 and all the managed account are traded in USD. However, facing an unregulated forex broker, this minimum investment amount is too high for most regular investors to take this risk. How to open an account with Diamond Managed FX？ Opening an account with Diamond Managed FX is an easy and simple process: 1. Click the “Open An Account” link, and fill up some required details on the popping-up page. 2. Upload your personal documents for this company to verify your details. 3. Choose the preferable payment methods, fund your account and start to trade with this forex broker. Trading Platform Please note that what Diamond Managed FX provides is not the industry-leading MT4 or MT5 trading platform. Customer Support Diamond Managed FX relies on its FAQ section to give clients some basic assistance, and if clients need staff service, they can only get in touch with this broker by filling up some basic information and then wait to be connected. Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience. The information presented in this article is intended solely for reference purposes.