Is it good to use two Brokers

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Old May 6, 2013, 8:39pm   #1
Joined Apr 2013
Is it good to use two Brokers

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 **********.
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Old May 6, 2013, 10:30pm   #2
 
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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 **********.
your trading successfully isnt really down to the broker
You could try the ones advertised extensively on this site..fxcm, fxpro etc
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Old May 9, 2013, 2:55pm   #3
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Re: Is it good to use two Brokers

I think it good to have 2 brokers. When I trading with HSBC direct bank feed, I got good price. When I open Citi I realise some HSBC price was not so good and Citi better. Now I use multibank.
If you are using market maker broker then the brokers will have very different pricing for sure.
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Old May 9, 2013, 5:30pm   #4
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Re: Is it good to use two Brokers

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Originally Posted by Boreman View Post
Hello, I checked out ********** yesterday and I registered an account. I have started trading already, the process was so easy and simple. I have heard so much about this broker. SO, lets see how it goes.
well as the man shouted half way down as he fell from a 12 story building

"so far so good"
N
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Old May 17, 2013, 11:21am   #5
Joined May 2013
Re: Is it good to use two Brokers

Its always a good idea to split up the portfolio into two accounts if you have come considerable amount of money so that you can find some sort for security for yourself. I have more than two accounts. You may consider any well regulated and reputed broker for trading.
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Old May 19, 2013, 10:11am   #6
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Re: Is it good to use two Brokers

It also benefit you to split money in two brokers to control your emotions. In a big account, it will be a bit difficult to keep emotions silent. The security point is good but I don't think it as majore concern because you will be investing in a regulated broker.
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Old May 20, 2013, 8:04am   #7
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Re: Is it good to use two Brokers

I think most if not all successful traders use more than one broker.
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Old May 20, 2013, 8:45am   #8
 
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Re: Is it good to use two Brokers

Havent read the thread fully,but I use two brokers. One is a so called bucket shop that gives me great prices on most majors and the other I use as it gives better spreads on the other pairs,simple as that
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