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's safer to start with more than one broker....

Reply
 
LinkBack Thread Tools Search this Thread
Old Jan 12, 2017, 1:34pm   #33
Joined Jun 2016
It's safer to start with more than one broker.
dermotobrien is offline   Reply With Quote
Old Jan 18, 2017, 7:21pm   #34
Joined Sep 2013
I trade with three brokers to diversify my trading risks and I use auto copy feature on metatrader to execute orders on second two accounts. I believe liquidity for order filling will be even better there.
gerryg is offline   Reply With Quote
Old Jan 26, 2017, 7:34am   #35
Joined Nov 2013
you can try more than one broker and you should do it, but trading wiht both two-brokers at a same time is not a good thing because you could see one is worse than other one, just simply tell you no brokers offer same market price always.
trade2bpro is offline   Reply With Quote
Old Mar 7, 2017, 4:09pm   #36
 
1 Posts
Joined Mar 2017
Quote:
Originally Posted by Babyblush View Post
There are number of advantages when we are choosing two brokers, splitting the funds between two accounts, one broker may not provide all the facilities so find it in another broker.
I am not willing to trade with two brokers as thatís very difficult to main tow account at the same time, if we can make sure the most credible trading platform , I think it is quite enough to trade with just one broker ,
Trent Boult is offline   Reply With Quote
Old Mar 14, 2017, 4:55pm   #37
 
1 Posts
Joined Mar 2017
If you have larger investment then it only make sense to do that, but for traders with amount under 1-2k, it is not wise to use multiple brokers. I use ****** and Exness, but my investment is around 2.5k in each. I mostly do this to keep myself secure and to avoid unnecessary situations like we have seen happening with FXCM recently. But if my investment was just 1k then I would simply like to go on with just one broker.
Chaarlene is offline Commercial chat room   Reply With Quote
Old Mar 14, 2017, 7:04pm   #38
Joined Sep 2013
I have three brokers which I trade with. It was long and thorough process of selections, chatting with support, reading ToS but now I really know that these are important steps you should make if you want to make right choice.
gerryg is offline   Reply With Quote
Old Mar 15, 2017, 4:27pm   #39
 
2 Posts
Joined Feb 2017
I'm thinking of working with two companies to insure my funds, but I have to earn more to have those funds that I can invest into the second one.
But in general, I think it's a nice idea!
Robian is offline   Reply With Quote
Old May 22, 2017, 8:18pm   #40
Joined Feb 2016
Quote:
Originally Posted by dermotobrien View Post
It's safer to start with more than one broker.
Having more than one broker reduces the risk of loss in case broker went bankrupt. Moreover i have found out that withdrawing profits regularly and keeping the necessary capital with broker is also good to practice in order to avoid any problems in future.
progix is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
INTERACTIVE BROKERS - any good? meanreversion Brokerages 16 Jun 1, 2010 4:46am
Are there really any good FX brokers? rtsurvivor Forex Brokers 3 Sep 15, 2009 1:02pm
any good UK discount brokers? NOT IB jammy1337 Stocks 9 Sep 9, 2009 10:51pm
Good Futures Brokers rantan59 Brokerages 9 Jun 8, 2009 1:12am
Any good non Futures US Brokers commanderco Brokerages 5 Jul 21, 2005 3:02am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)