Is it good to use two Brokers

bigboyfx

Junior member
31 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

Senior member
2,369 459
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
 

AARasheed

Member
58 1
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

Legendary member
36,725 1,868
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
132 4
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.
 

resistance

Member
89 1
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

Legendary member
9,796 975
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
163 7
Been using three brokers to date,,, but not the commonly advertised..mostly those who give really low leverage and require huge capital amounts
 

perox

Member
87 0
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.
 

BlueSLady

Newbie
2 0
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.
 

Rambo35

Active member
227 6
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.
 

Lord Flasheart

Legendary member
9,796 975
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
 

Lord Flasheart

Legendary member
9,796 975
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.
 

resistance

Member
89 1
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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