Trading with several brokers

Donovan.CC

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4
I would suggest picking a well-regulated broker that suits your requirements and stick with them. Trading with several could put you in a risk of higher loss and will be unable to focus on a profitable trade.
 

MoBest

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74
I would suggest picking a well-regulated broker that suits your requirements and stick with them. Trading with several could put you in a risk of higher loss and will be unable to focus on a profitable trade.
All true except the regulated part but this is a personal preferences may be. I'm not tight with it.
 

Dora_WalletInvestor

Private, 1st Class
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60
In the beginning, I also think that one broker is more than enough, at least until you get some experience trading. Afterwards, you can try getting more, especially if you are trading with big capital and / or use several different strategies.
 

fxoday

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367
Trading is several brokers, it will good as diversify capital, but most important is skill matter, will useless open many accounts in several brokers but skill still often fail, hence only will waste the money, but choose one broker if included good broker I think as long as a safe broker and good review among user it also good
 

nahiyar

Private, 1st Class
Messages
840
Exactly, until you have no skill you can not win with any broker. It is not up to a broker it is your personal performance that collect pips for you. trading with several brokers is suggested to avoid risk of investment with a broker. If you invest all your money in one account you may loss a big part of it. and investment in parts with more than one broker can save you from taking high risks.
 

bigdolly

2nd Lieutenant
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1,059
I trade with several brokers like Tickmill, Hotforex and IB but the key to use them properly is not to try to trade here and there but to set up simultaneous execution using master account. Thus you achieve better execution (as small lots are executed better) and stable transaction costs (due to averaging)
 

Adolphus

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4
In my opinion, I would suggest trading using one broker because with multiple brokers you would lose track of the current trade.

I currently trade with a single broker FP Markets, and I only use it for scalping, so far I had no vast losses.
 
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