Is it good to use two Brokers

Apr 2, 2013
31
1
18
#1
Hello, I am not sure about this, but I feel like opening another account with another broker. I currently use PROFIFOREX. 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 Profiforex.
 

malaguti

Well-known member
Nov 3, 2009
2,239
414
93
#2
Hello, I am not sure about this, but I feel like opening another account with another broker. I currently use PROFIFOREX. 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 Profiforex.
your trading successfully isnt really down to the broker
You could try the ones advertised extensively on this site..fxcm, fxpro etc
 
Jan 14, 2013
58
1
18
#3
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.
 

NVP

Well-known member
Jun 21, 2004
35,607
1,711
223
fxcorrelator.com
#4
Hello, I checked out Profiforex 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. :smart:
well as the man shouted half way down as he fell from a 12 story building

"so far so good"
N
 

Babyblush

Active member
May 9, 2013
132
4
28
#5
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.
 
Apr 28, 2013
89
1
18
#6
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.
 

Lord Flasheart

Well-known member
Jan 20, 2004
9,798
975
173
#8
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
 

Giovan

Active member
Apr 23, 2013
163
7
28
#9
Been using three brokers to date,,, but not the commonly advertised..mostly those who give really low leverage and require huge capital amounts
 
Apr 23, 2013
87
0
16
#10
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.
 
May 22, 2013
2
0
11
#11
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.
 

Lord Flasheart

Well-known member
Jan 20, 2004
9,798
975
173
#14
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.
 
Apr 28, 2013
89
1
18
#15
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.