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Trading with several brokers

Discussion in 'Beginners Bootcamp' started by Antonio_84, Sep 7, 2015.

  1. nahiyar

    nahiyar Private, 1st Class

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    It is obvious you need a lot of funds to work with several brokers. If you had limited amount for trading just trade with one or 2 brokers. You can work good with this amount if your broker is fair and regulated. Much choices make you confused and your focus will diverted to many other things.
     
  2. Kokomaster

    Kokomaster Private, 1st Class

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    Managing different account in several brokers is very difficult.
    I know there are some traders who are doing this effectively but you need to be very sharp. Mobile MT4 is a good tool to manage trading in different brokers.
     
  3. EURUSD

    EURUSD Sergeant Major

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    I am also using service from several broker, and this for diversify capital, and we can using plan trading on each account, might one account for intraday trading plan and another using different plan like as swing trading or scalping
     
  4. downtrend

    downtrend Sergeant

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    An experienced trader not need to change his broker again and again . He does work with his choice of broker confidently . However new people need to test some brokers to see what is good for them. A person should work with 2 or three brokers not more than that.
     
  5. sadip.tammat

    sadip.tammat Spamming from the offices of JustForex

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    As for me, I trade with one broker. But I think, that trading with several brokers may be a quite good idea to diversify risks or something like that.
     
  6. Robiansyah

    Robiansyah Recruit

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    I have different demos and I am not hurrying up to open real accounts, as I haven't traded much money enough, though I have made more than 500 dollars in 6 months, it's a personal achievement for me as I thought that there will be only losses
     
  7. carnelian

    carnelian Private

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    Yes one can do trading with different brokers . You are not bound for any one broker you can change ,compare and decide which are best for you. In this way you will invest all money with any one broker . You may enjoy different ones to get their benefits.
     
  8. xerof

    xerof Private

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    I trade with only one broker am satisfied with him so I don't need more brokers, but I have more accounts each one for different strategy.
     
  9. nahiyar

    nahiyar Private, 1st Class

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    Trader's satisfaction is important .If one is working good with any broker for a long time he need not to try anyone . It would be certainly trusted broker. It is said one should trade with more than one broker to test them . I am also stuck to 2 brokers for many years as I started trading.
     
  10. xerof

    xerof Private

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    I completely agree with you. I am at my second broker and change my first because he didnt want to give me rebate.
     

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