Is it good to use two Brokers

This is a discussion on Is it good to use two Brokers within the Forex Brokers forums, part of the Commercial category; It is fine for taking support from a few brokers, because they have different ideas and experiences. Therefore you can ...

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Old Aug 3, 2013, 3:26pm   #25
 
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Re: Is it good to use two Brokers

It is fine for taking support from a few brokers, because they have different ideas and experiences. Therefore you can get their tips and tricks quickly.
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Old Aug 5, 2013, 8:30am   #26
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Re: Is it good to use two Brokers

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Originally Posted by Rambo35 View Post
Can you give an example of how it could affect your trades in a negative way?
Ok, when your capital divide into 2 accounts, of course its easier to get margin call or you cannot trade with bigger lot as when you have 1 account. And your trading plan have to change. And managing many more accounts is more difficult than one.
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Old Aug 5, 2013, 8:53am   #27
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Re: Is it good to use two Brokers

well i guess tere is nothing wrong in having more than just one broker, it all depends on the trader, i read about how its better to divide big funds between two brokers or more than to have it all under one broker, but for me, im trading with only ******** at the moment and its all good
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Old Aug 5, 2013, 9:52am   #28
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Re: Is it good to use two Brokers

I have 3 brokers, for the following reasons:
> if they have technical problems then, eg IG had lots of problem with advanced charts recently so was unable to use them for more then a week
> dont put all your eggs in one basket
> nice to have market research from 3 brokers,
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Old Aug 7, 2013, 11:02am   #29
 
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Re: Is it good to use two Brokers

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Originally Posted by bigboyfx View Post
Hello, I am not sure about this, but I feel like opening another account with another broker. I currently use **********. Although I have made a reasonable amount of money there, but I feel like splitting my profit in two and moving the other half to another broker. If you think this is ok, please recommended another reliable broker, where I can trade successfully as I do with **********.
That's a good idea. I would recommend Weltrade. They provide good support, fast execution and quick withdrawal.
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Old Dec 10, 2016, 3:57pm   #30
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You've got to use at least two brokers. Sometimes one goes down, or freeze. Also, the spreads can be widely different around economic release time. Even in normal times there can be a pip difference between broker spreads. It may not sound much but if you save a pip on every trade and trade 5 times a day every day for a year that is over 1000pips!
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Old Dec 29, 2016, 5:31pm   #31
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2 brokers is normal, but if you try to trade simultaneously 2 brokers, you could make more mistakes than one.
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Old Dec 31, 2016, 4:58pm   #32
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Originally Posted by trade2bpro View Post
2 brokers is normal, but if you try to trade simultaneously 2 brokers, you could make more mistakes than one.
To trade 2 brokers simultaneously I use autotrade feature provided on my Нotforex platform. Using HF's account as master and other accounts as slave I can execute same traders on different platforms, compare spreads, execution, etc. Very useful feature..
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