If you are serious about considering any form of Managed Account then any third party who does not follow a compliance process is, at best acting irresponsibly or, at worst, if you're based in the EU, acting illegally.
They need to have a compliance procedure which means they only deal with HNW individuals and investment professionals. This is EU law which applies in all countries within the EU and each has their own regulatory framework.
For example if the company or you or both is based in the UK then the company (or individual) you deal with has to comply with FSA article 14 of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001.
This applies even if they do not hold client funds as PC8 describes in his post above.
IMO this thread is long overdue. Thanks PC8.
I have commented elsewhere here on FXSalt - https://bit.ly/9EOPuZ
- and if ever you need to refer to a classic forex scam then use the tone of that thread as an example of warning signs. There is another on MFB who is ignoring my questions. I won't comment further other than to say that IMO that company is also a scam.
Time is more valuable than money. You can get more money, but you cannot get more time.