"you must put in GPB 50k to see our regulation""you must put in GPB 50k to see our regulation" - I consider that alone to be a sure sign of scam. Any truly regulated company will happily display its regulation.
Since they can put info about who they are (including a link to their website) inside of MyFxBook, that's another BS excuse. Anyone can make a doctored PDF showing an amazing track record. Watch this:
Yes managed accounts are very facilitating where less investment can bring more benefits. As new traders can also get profits with managed trading accounts. Even they had low trading skills they can enjoy their share of profit with managed accounts. I personally like managed accounts because you not fear all loss of your deposits.
Managed account being traded with losses is one of the worst situation for a new bee investor. There should be a lot of research to be done before investing in a managed forex system.Then again, I've seen profitable account managers suddenly lose it and trade client accounts into the ground.