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"
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Old May 17, 2013, 11:21am   #5
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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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Old May 20, 2013, 9:05am   #9
 
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Re: Is it good to use two Brokers

Been using three brokers to date,,, but not the commonly advertised..mostly those who give really low leverage and require huge capital amounts
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Old May 20, 2013, 9:20am   #10
 
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Re: Is it good to use two Brokers

Well I have 02 brokers at the moment.
Never had any issue with them up to now.

I think it is good to have 02 brokers . We cannot predict the future. Don't like lose my all money to a scammer.
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Old May 22, 2013, 8:12am   #11
 
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Re: Is it good to use two Brokers

I think there is no effect using two brokers for two different accounts. The special thing need to keep your eye on the secure and the profit.
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Old May 22, 2013, 8:45am   #12
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Re: Is it good to use two Brokers

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Originally Posted by Lord Flasheart View Post
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
So you trade with a bucketshop on purpose. Interesting.
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Old May 22, 2013, 9:10am   #13
 
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Re: Is it good to use two Brokers

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Originally Posted by Giovan View Post
Been using three brokers to date,,, but not the commonly advertised..mostly those who give really low leverage and require huge capital amounts
sure i do,there not what they used to be. ! pip fixe3d on euro with bonuses attatched,why not
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Old May 22, 2013, 9:55am   #14
 
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Re: Is it good to use two Brokers

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I think there is no effect using two brokers for two different accounts. The special thing need to keep your eye on the secure and the profit.
Of course there is. Its just about the prices. When I want to take a trade I know which broker to go for. I reckon it saves a lot during the course of a year.
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Old May 25, 2013, 9:35am   #15
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Re: Is it good to use two Brokers

I guess not all brokers are good for scalping so in this case, we have to use a broker that has lightening fast execution. Then you can use your other broker for swing and day trading.
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